Advance Financial Federal Credit Union

Overview / Commentary
31 W US Highway 30
Schererville, IN 46375

Advance Financial Federal Credit Union is headquartered in Schererville and is the 37th largest credit union in the state of Indiana. It is also the 1,565th largest credit union in the nation. It was established in 1937 and as of December of 2022, it had grown to 35 employees and 9,014 members at 2 locations. Advance Financial Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer or is educated in Lake and Porter Counties in Indiana.
See current membership details


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Health Grade Components

NCUA #24078
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD7.28%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$135.1MM$141.6MM
LoansQ4 2022vs Q4 2021$71.7MM$69.7MM
DepositsQ4 2022vs Q4 2021$122.3MM$125.6MM
Equity CapitalQ4 2022vs Q4 2021$8.1MM$13.9MM
Loan Loss AllowanceQ4 2022vs Q4 2021$265.00K$292.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$389.00K$259.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0

Rates for Advance Financial Federal Credit Union are currently being reviewed.


Advance Financial Federal Credit Union Locations
Branch Office4035 Alder StEast Chicago, IN 46312
Branch Office31 W US Highway 30Schererville, IN 46375-2108

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