Advantage Federal Credit Union

Overview / Commentary
1975 Buffalo Rd
Rochester, NY 14624

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 725th largest credit union in the nation. It was established in 1975 and as of September of 2023, it had grown to 96 employees and 35,417 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

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 - YTD0.43%
Return on Equity - YTD9.73%
Annual Interest Income$15.7MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$495MM$458MM
LoansQ3 2023vs Q3 2022$355.1MM$321.5MM
DepositsQ3 2023vs Q3 2022$364.6MM$370.5MM
Equity CapitalQ3 2023vs Q3 2022$21.6MM$21.7MM
Loan Loss AllowanceQ3 2023vs Q3 2022$3.1MM$1.6MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$823K$172K
Real Estate OwnedQ3 2023vs Q3 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

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

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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