1st Advantage Federal Credit Union is headquartered in Yorktown and is the 16th largest credit union in the state of Virginia. It is also the 450th largest credit union in the nation. It was established in 1951 and as of September of 2024, it had grown to 216 employees and 70,741 members at 13 locations. 1st Advantage Federal Credit Union has an A health rating.
1st Advantage Federal Credit Union is open to those who live, work, worship, or attend school in the Virginia cities of Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Richmond, Suffolk, Virginia Beach, or Williamsburg; the Virginia counties of Gloucester, Isle of Wight, James City, Mathews, or York; the North Carolina counties of Currituck or Gates.
See current membership details
Overall | |
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NCUA # | 7448 |
Year Chartered | 1951 |
Employees | 216 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.85% |
Return on Equity - YTD | 13% |
Annual Interest Income | $40.8MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $1B$960.7MM |
Loans | Q3 2024vs Q3 2023 | $717.5MM$706.2MM |
Deposits | Q3 2024vs Q3 2023 | $846MM$828.1MM |
Equity Capital | Q3 2024vs Q3 2023 | $141.9MM$116.7MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $4.9MM$4.7MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $3.7MM$4.1MM |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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