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Financial Advantage Federal Credit Union


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 248th largest credit union in the state of Pennsylvania. It is also the 4,114th largest credit union in the nation. It was established in 1941 and as of December of 2019, it had grown to 2 employees and 1,717 members at 1 location. Financial Advantage Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Financial Advantage Federal Credit Union offers membership to employees of Select Employee Groups and Duquesne Light Company. Additionally those who work, worship, attend school or live in the following Mon Valley Towns; Braddock/North Braddock, Duquesne, East Pittsburgh, Homestead, Munhall, Rankin, Swissvale, West Homestead, West Mifflin and Whitaker, as well as, the following Pittsburgh, PA neighborhoods: Glen-Hazel, Greenfield, Hays, Hazelwood, Lincoln Place, New Homestead and South Oakland
See current membership details

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Health
C+

Data as of Q4 2019

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 Chartered1941
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD2.51%
Annual Interest Income$286.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$8.8MM$9.0MM
LoansQ4 2019vs Q4 2018$2.1MM$2.2MM
DepositsQ4 2019vs Q4 2018$7.5MM$7.7MM
Equity CapitalQ4 2019vs Q4 2018$1.2MM$1.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$54.00K$33.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$53.00K$36.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Financial Advantage Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$50-Share Account
0.05%--Vacation Club Account
0.05%--Christmas Club Account

Financial Advantage Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$1k-36 Month CD
0.90%$1k-24 Month CD
0.60%$1k-12 Month CD
0.30%$1k-6 Month CD
Locations


Financial Advantage Federal Credit Union Locations
Branch Office300 E 8th AveHomestead, PA 15120

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