Advantage Federal Credit Union
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
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 Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24181 |
| Year Chartered | 1975 |
| Employees | 87 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 7.65% |
| Annual Interest Income | $14.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $368.5MM$338.1MM |
| Loans | Q4 2019vs Q4 2018 | $261.9MM$247.2MM |
| Deposits | Q4 2019vs Q4 2018 | $277.7MM$250.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $34.5MM$29.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $1.6MM$1.4MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $1.3MM$890.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |
