Advanced Financial Federal Credit Union

Overview / Commentary

www.advfinfcu.com

800-237-5626

785 Central Ave
New Providence, NJ 07974

Advanced Financial Federal Credit Union is headquartered in NEW PROVIDENCE and is the 30^th largest credit union in the state of New Jersey. It is also the 1,733^rd largest credit union in the nation. It was established in 1965 and as of March of 2020, it had grown to 22 employees and 8,343 members at 6 locations. Advanced Financial Federal Credit Union has a B health rating.

Field of Membership Restrictions

Advanced Financial Federal Credit Union is open to those who live, work, worship or attend school in Union or Essex counties.
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Health

Data as of Q1 2020

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Advanced Financial Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	16785
Year Chartered	1965
Employees	22
Primary Regulator

Profit Margin
Return on Assets - YTD	0.68%
Return on Equity - YTD	5.32%
Annual Interest Income	$866.00K

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$92.4MM$95.1MM
Loans	Q1 2020vs Q1 2019	$56.5MM$46.9MM
Deposits	Q1 2020vs Q1 2019	$80.2MM$83.6MM
Equity Capital	Q1 2020vs Q1 2019	$11.7MM$10.7MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$911.00K$792.00K
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$1.7MM$1.5MM
Real Estate Owned	Q1 2020vs Q1 2019	$0$0

Rates

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Savings
Money Market
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Advanced Financial Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$5	-	Holiday Club
0.20%	$5	-	Vacation Club
0.20%	-	-	IRA Savings
0.15%	$5	-	Savings Accounts

Advanced Financial Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.05% → $2k - $20k \| 0.15% → $20k - $50k \| 0.20% → $50k - $100k

Advanced Financial Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$500	-	24-35 Month CD
0.75%	$500	-	3+ Year CD
0.60%	$500	-	12-23 Month CD
0.40%	$500	-	6-11 Month CD

Advanced Financial Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%	-	-	12-60 Month IRA

Locations

Advanced Financial Federal Credit Union Locations
Branch Office	1427 Wyckoff Rd	WALL TOWNSHIP, NJ 07727
Branch Office	2 South ave W	Cranford, NJ 07016
Branch Office	785 CENTRAL AVE	NEW PROVIDENCE, NJ 07974
Branch Office	575 Raritan Rd	Roselle, NJ 07203
Branch Office	3 Penn Plz E	Newark, NJ 07105
Branch Office	383 Park Ave	Scotch Plains, NJ 07076-1155

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