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ADVANTAGE FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2020 — ADVANTAGE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 5 branch locations and about $119.31 million in total assets. Opened 57 years ago in 1964, ADVANTAGE FINANCIAL FEDERAL CREDIT UNION has about 10,165 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 254075470
Name:ADVANTAGE FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
1319 F ST NW STE 500
WASHINGTON, DC 20004-1146
Phone:(202) 737-6969
Fax:(202) 737-2992
Website:http://www.advfcu.org
Branches:5 branch locations
Members:10,165
Credit Union Type:Federal Credit Union
Charter Number:16416
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$119,306,078
CEO/Manager:Donald H Johnson
Chairperson:DONALD WALSH

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,947,528
TOTAL INVESTMENTS 51,949,622
Loans Held for Sale 0
 
 Real Estate Loans 34,275,723
 Unsecured Loans 12,159,369
 Other Loans 11,652,009
 TOTAL LOANS 58,087,101
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -838,761
 Land And Building 0
 Other Fixed Assets 232,205
 NCUSIF Deposit 979,087
 All Other Assets 949,296
  TOTAL ASSETS 119,306,078
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 432,673
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,418,804
 Regular shares 39,601,489
 All Other Shares & Deposits 46,762,981
  TOTAL SHARES & DEPOSITS 106,783,274
  TOTAL LIABILITIES 107,215,947
 Regular Reserve 1,491,959
 Other Reserves 716,071
 Undivided Earnings 9,882,101
  TOTAL EQUITY 12,090,131
  TOTAL LIABILITIES, SHARES, & EQUITY 119,306,078
INCOME & EXPENSE  
 Loan Income 3,199,747
 Investment Income 786,174
 Other Income 1,327,630
 Total Employee Compensation & Benefits 2,179,579
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,497,598
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 536,862
 Cost of Funds 564,380
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -464,868
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