Advantage Federal Credit Union is headquartered in Rochester and is the 35th largest credit union in the state of New York. It is also the 758th largest credit union in the nation. It was established in 1975 and as of June of 2019, it had grown to 87 employees and 35,676 members at 10 locations. Advantage Federal Credit Union's money market rates are 5X the national average, and it 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
Related Posts
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
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24181 |
| Year Chartered | 1975 |
| Employees | 87 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 6.88% |
| Annual Interest Income | $7.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $340.3MM$334.8MM |
| Loans | Q2 2019vs Q2 2018 | $250.5MM$246.7MM |
| Deposits | Q2 2019vs Q2 2018 | $265.3MM$249.4MM |
| Equity Capital | Q2 2019vs Q2 2018 | $32.7MM$28.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.5MM$1.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $908.00K$1.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Youth Savings | |
| 0.05% | - | - | Spread-the-Check | |
| 0.05% | - | - | Vacation Club | |
| 0.05% | - | - | Basic Savings | |
| 0.05% | - | - | Holiday Club |
Advantage Federal Credit Union Money Market Rates
Advantage Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $75k* | - | Smart Money Checking | ||
| OTHER TIERS: 0.25% → Up to $5k | 0.35% → $5k - $25k | 0.45% → $25k - $75k | |||||
Advantage Federal Credit Union CD Rates
Advantage Federal Credit Union IRA Rates
| Rochester Branches | ||
|---|---|---|
| Branch Office | 225 W Broad St | Rochester, NY 14608 |
| Branch Office | 1625 Mount Hope Ave | Rochester, NY 14620 |
| Branch Office | 1000 South Ave | Rochester, NY 14620 |
| Branch Office | 2515 Browncroft Blvd | Rochester, NY 14625 |
| Main Office | 70 Metro Park | Rochester, NY 14623 |
| Branch Office | 1975 Buffalo Rd | Rochester, NY 14624 |
| Branch Office | 1445 Portland Ave | Rochester, NY 14621 |
| Corporate Office | 225 W Broad St | Rochester, NY 14608 |
| Branch Office | 38 Lomb Memorial Dr | Rochester, NY 14623 |
| Branch Office | 260 Crittenden Blvd | Rochester, NY 14642-0002 |