Financial Advantage Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.20%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Share Account 1.15% - CIT Bank Spring Savings
0.65%	3-year CD	36 Month CD 1.85% - Synchrony Bank 36 Month CD

View all Financial Advantage Federal Credit Union rates »

Overview / Commentary

www.financialadvantagecu.com

412-461-5100

300 E 8th Ave
Homestead, PA 15120

Financial Advantage Federal Credit Union is headquartered in Homestead and is the 253^rd largest credit union in the state of Pennsylvania. It is also the 4,254^th largest credit union in the nation. It was established in 1941 and as of March of 2017, it had grown to 2 employees and 2,011 members at 1 location. Financial Advantage Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Homestead, West Homestead, East Pittsburgh, Braddock, North Braddock, Swissvale, Duquesne, Munhall, West Mifflin, Whitaker, New Homestead, South Oakland, Lincoln Place, Hazelwood, Greenfield, Glen-Hazel, or Hays in Pennsylvania. Membership is open to employees of Duquesne Light Company.
See current membership details

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Health

C+

Data as of Q1 2017

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Financial Advantage Federal Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #	4517
Year Chartered	1941
Employees	2
Primary Regulator

Profit Margin
Return on Assets - YTD	0.16%
Return on Equity - YTD	1.39%
Annual Interest Income	$65.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$9.7MM$9.9MM
Loans	Q1 2017vs Q1 2016	$2.4MM$2.5MM
Deposits	Q1 2017vs Q1 2016	$8.6MM$8.8MM
Equity Capital	Q1 2017vs Q1 2016	$1.1MM$1.1MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$30.00K$23.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$45.00K$2.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Financial Advantage Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$50	-	Share Account
0.05%	-	-	Vacation Club Account
0.05%	-	-	Christmas Club Account

Financial Advantage Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.65%	$500	-	36 Month CD
0.40%	$500	-	24 Month CD
0.20%	$500	-	12 Month CD
0.10%	$500	-	6 Month CD

Locations

Financial Advantage Federal Credit Union Locations
Branch Office	300 E 8th Ave	Homestead, PA 15120