Advantage Federal Credit Union


Overview / Commentary
585-454-5900
1975 Buffalo Rd
Rochester, NY 14624

Advantage Federal Credit Union is headquartered in Rochester and is the 34th largest credit union in the state of New York. It is also the 728th largest credit union in the nation. It was established in 1975 and as of December of 2019, it had grown to 87 employees and 36,028 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

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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

Health Grade Components

Overall
NCUA #24181
Year Chartered1975
Employees87
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.65%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$368.5MM$338.1MM
LoansQ4 2019vs Q4 2018$261.9MM$247.2MM
DepositsQ4 2019vs Q4 2018$277.7MM$250.8MM
Equity CapitalQ4 2019vs Q4 2018$34.5MM$29.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.6MM$1.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.3MM$890.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Advantage Federal Credit Union are currently being reviewed.

Locations

Availability



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