Advantage Federal Credit Union

Overview / Commentary
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 729th largest credit union in the nation. It was established in 1975 and as of June of 2023, it had grown to 98 employees and 35,314 members at 8 locations. Advantage Federal Credit Union's savings rates are 8X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Advantage Federal Credit Union is open to those who live, work, worship, volunteer, or attend school in the City of Rochester (Zip Codes 14604 through 14616; 14619 through 14621; 14627; 14649; or 14652). Employees, retirees and volunteers of Advantage SEGs also qualify for membership. Immediate family and household members of individuals who are eligible for membership are also eligible to join.
See current membership details

Related Posts

New Jumbo Savings Account, 3.82% APY - 11/3/2022

This is a variable rate product that will reprice monthly based on the Federal Funds Rate minus 0.25% The first $100,000 deposited must be “new money” not already on deposit at AFCU. Account Limitations: If the average daily balance falls below $100,000, no interest will be paid for the month. The ceiling rate for this account type is 4.00%. The Fed Funds Rate will be determined by the Federal Reserve Bank of New York Federal Funds Data Target Rate/Range %, using the highest rate in the range. As of November 3, 2022 the Fed Funds Target Rate Range was 3.75% – 4.00%, making the rate on the Jumbo Savings Account 3.75%. Offer valid on new money only. Rates subject to change. Limited time offer. Member NCUA. Membership subject to eligibility.

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Reviews (3)

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.

Bait And Switch

Posted by: |

This place is shady. They dangled 1.97% interest rate on auto loans for 60 months, and 2.47% for 72 months. I walk in asking about 72 months at 2.47%, for a loan that I'm already pre-qualified for through the dealership where I'm buying the vehicle at 3.49%, they ask a ton of questions, all the way down to child support payments, lol. Ok, I'm driving in here with an 850 FICO score, zero credit card debt, a full-time job that pays well and they call me back later that day to say they're sorry, it's too much for a car but if you want a mortgage we can do that. Very strange business model, wasting people's time, we'll have to see how that works out for them. I'll be sure to inform others of my experience here. The young lady at the branch was friendly enough so I guess there's that. Too much for a car, you folks have a whole lot of nerve I have to say, lol, it's like are we married?

Edit, following up. So they've sent me a letter a week later about why they declined the car loan stating that they checked my credit score through Experian and it was 759. I was surprised at 759 so I went online and registered with Experian directly to verify this. And it shows 850, lol, as I said before I knew prior to even applying for the loan it was 850. I check it regularly. So they'll outright lie about your credit score besides. Whatever... at this stage I'll gladly pay the dealer an extra point on the loan. Here I thought the dealers were the shady ones.

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 - YTD0.38%
Return on Equity - YTD8.11%
Annual Interest Income$10.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$494.1MM$451.4MM
LoansQ2 2023vs Q2 2022$350.0MM$302.9MM
DepositsQ2 2023vs Q2 2022$378.3MM$352.6MM
Equity CapitalQ2 2023vs Q2 2022$23.2MM$25.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$1.7MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$252.00K$200.00K
Real Estate OwnedQ2 2023vs Q2 2022$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

4.00%*$500k*-Super Saver - New Money
OTHER TIERS: 2.50% $50k - $150k | 3.00% $150k - $250k | 3.25% $250k - $350k | 3.50% $350k - $500k
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

2.02%*$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

0.25%*$75k*-Smart Money Checking
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $25k | 0.20% $25k - $75k

Advantage Federal Credit Union CD Rates

5.10%$500-15 Month Share Certificate Special - New Money
4.50%$500-9 Month Term Share Certificate Special - New Money
3.76%$500-10 Month Term Share Certificate Special - New Money
3.60%$500-5 Month Share Certificate Special - New Money
2.88%$500-23 Month Terrn Share Certificate Special - New Money
1.75%$500-47 Month Tern Share Certificate Special - New Money
1.50%$500-35 Month Tern Share Certificate Special - New Money
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

5.10%$500-15 Month IRA Certificate Special - New Money
4.50%$500-9 Month IRA Certificate Special - New Money
3.76%$500-10 Month IRA Certificate Special - New Money
3.60%$500-5 Month IRA Certificate Special - New Money
2.88%$500-23 Month IRA Certificate Special - New Money
1.75%$500-47 Month IRA Certificate Special - New Money
1.50%$500-35 Month IRA Certificate Special - New Money
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

Advantage Federal Credit Union Locations
Branch Office225 W Broad StRochester, NY 14608
Branch Office1625 Mount Hope AveRochester, NY 14620
Branch Office2515 Browncroft BlvdRochester, NY 14625
Main Office70 Metro ParkRochester, NY 14623
Branch Office1975 Buffalo RdRochester, NY 14624
Branch Office1445 Portland AveRochester, NY 14621
Branch Office38 Lomb Memorial DrRochester, NY 14623
Branch Office260 Crittenden BlvdRochester, NY 14642-0002

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