Advantage Federal Credit Union

Overview / Commentary
1975 Buffalo Rd
Rochester, NY 14624

Advantage Federal Credit Union is headquartered in Rochester and is the 33rd largest credit union in the state of New York. It is also the 729th largest credit union in the nation. It was established in 1975 and as of December of 2020, it had grown to 95 employees and 38,056 members at 11 locations. Advantage Federal Credit Union has an A health rating.

Field of Membership Restrictions

Eligible members are those working for select employer groups or those who live, work, worship or attend school in Rochester. Also open to Businesses and other legal entities in the City of Rochester.
See current membership details

Reviews (2)

Advantage after identiyi theft

My fiance and I had just finished combining both of our checking accounts with advantage. No sooner than we did our accounts were victims of identity theft. Our personal banker spent an entire afternoon with us helping us recover. Finding all the automatic debits we had just set up in order to help re set them up. Anything she couldn't help with that day she immediately started on the next morning. All of our accounts were re created and dealt with within 48 hours. Advantage took a bad situation and made it so much easier.

Scamming And Excessive Fees

Posted by: |

On two separate occasions, this bank has illegitimately taken money from my account via really exorbitant fees. If you attempt to discuss the fees with them, they'll simply close the ticket and ignore you.

Awful bank - avoid at all costs.


Health Grade Components

NCUA #24181
Year Chartered1975
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD4.47%
Annual Interest Income$14.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$420.8MM$368.5MM
LoansQ4 2020vs Q4 2019$258.4MM$261.9MM
DepositsQ4 2020vs Q4 2019$303.6MM$277.7MM
Equity CapitalQ4 2020vs Q4 2019$37.1MM$34.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$2.0MM$1.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$895.00K$1.3MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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Always verify rates and promotions with the bank or credit union. We are not Advantage Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

Advantage Federal Credit Union Savings Account Rates

0.50%--Youth Savings
0.45%--IRA Savings
0.03%--Vacation Club
0.03%--Basic Savings
0.03%--Holiday Club

Advantage Federal Credit Union Money Market Rates

0.20%*$400k*-Money Market PLUS
OTHER TIERS: 0.15% $75k - $125k | 0.16% $125k - $200k | 0.18% $200k - $400k
0.12%*$50k*-Money Market
OTHER TIERS: 0.05% Up to $10k | 0.08% $10k - $25k | 0.10% $25k - $50k

Advantage Federal Credit Union Checking Account Rates

0.45%*$75k*-Smart Money Checking
OTHER TIERS: 0.15% Up to $5k | 0.25% $5k - $25k | 0.35% $25k - $75k

Advantage Federal Credit Union CD Rates

0.25%$500-6 - 11 Month Term Share Certificate
0.25%$500-12 - 17 Month Term Share Certificate
0.25%$500-18 - 23 Month Term Share Certificate
0.25%$500-24 - 29 Month Term Share Certificate
0.25%$500-30 - 35 Month Term Share Certificate
0.25%$500-36 - 47 Month Term Share Certificate
0.25%$500-48 - 59 Month Term Share Certificate
0.25%$500-60 Month Term Share Certificate

Advantage Federal Credit Union IRA Rates

0.45%$500-18 - 23 Month IRA Certificate
0.45%$500-24 - 29 Month IRA Certificate
0.45%$500-30 - 35 Month IRA Certificate
0.45%$500-36 - 47 Month IRA Certificate
0.45%$500-48 - 59 Month IRA Certificate
0.45%$500-60 Month IRA Certificate
0.35%$500-12 - 17 Month IRA Certificate
0.25%$500-6 - 11 Month IRA Certificate


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