1st Advantage Federal Credit Union is headquartered in Yorktown and is the 17th largest credit union in the state of Virginia. It is also the 453rd largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 213 employees and 70,418 members at 13 locations. 1st Advantage Federal Credit Union's money market rates are 9X the national average, and it 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
I've been with 1st Advantage FCU for years because of their rates. Anytime I want to finance a purchase, they always give me the best rates without the hassle. The application process was quick and easy! They even allowed me to completed everything from a different state!
Overall | |
---|---|
NCUA # | 7448 |
Year Chartered | 1951 |
Employees | 213 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.99% |
Return on Equity - YTD | 16.93% |
Annual Interest Income | $23.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $950.4MM$946.0MM |
Loans | Q2 2023vs Q2 2022 | $690.3MM$647.8MM |
Deposits | Q2 2023vs Q2 2022 | $822.8MM$830.1MM |
Equity Capital | Q2 2023vs Q2 2022 | $112.5MM$99.1MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $4.0MM$4.6MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $3.9MM$3.8MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | $100 | - | IRA Variable | |
0.05% | $100 | - | Basic Savings | |
0.05% | $100 | - | Escrow | |
0.05% | $100 | - | Business Regular Savings | |
0.05% | $100 | - | Youth Savings Account | |
0.05% | $100 | - | Membership Savings |