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.
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
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.
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.
Overall | |
---|---|
NCUA # | 24181 |
Year Chartered | 1975 |
Employees | 95 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.39% |
Return on Equity - YTD | 4.47% |
Annual Interest Income | $14.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $420.8MM$368.5MM |
Loans | Q4 2020vs Q4 2019 | $258.4MM$261.9MM |
Deposits | Q4 2020vs Q4 2019 | $303.6MM$277.7MM |
Equity Capital | Q4 2020vs Q4 2019 | $37.1MM$34.5MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.0MM$1.6MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $895.00K$1.3MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | - | - | Youth Savings | |
0.45% | - | - | IRA Savings | |
0.03% | - | - | Spread-the-Check | |
0.03% | - | - | Vacation Club | |
0.03% | - | - | Basic Savings | |
0.03% | - | - | Holiday Club |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.45%* | $75k* | - | Smart Money Checking | ||
OTHER TIERS: 0.15% → Up to $5k | 0.25% → $5k - $25k | 0.35% → $25k - $75k |