Jun, 30, 2024 — ADVANTAGE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 5 branch locations and about $117.37 million in total assets. Opened 61 years ago in 1964, ADVANTAGE FINANCIAL FEDERAL CREDIT UNION has about 9,371 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | https://www.advfcu.org |
| Branches: | 5 branch locations |
| Members: | 9,371 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $117,372,400 |
| CEO/Manager: | Donald H Johnson |
| Chairperson: | DONALD WALSH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,306,234 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 43,239,878 |
| Unsecured Loans | 9,396,796 |
| Other Loans | 9,548,661 |
| TOTAL LOANS | 62,185,335 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -438,321 |
| Land And Building | 0 |
| Other Fixed Assets | 154,608 |
| NCUSIF Deposit | 981,664 |
| All Other Assets | 0 |
| TOTAL ASSETS | 117,372,400 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,991,645 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,663,875 |
| Regular shares | 44,513,145 |
| All Other Shares & Deposits | 42,839,640 |
| TOTAL SHARES & DEPOSITS | 109,016,660 |
| TOTAL LIABILITIES | 111,008,305 |
| Regular Reserve | 0 |
| Other Reserves | -5,705,269 |
| Undivided Earnings | 12,069,364 |
| TOTAL EQUITY | 6,364,095 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,372,400 |
| INCOME & EXPENSE | |
| Loan Income | 1,964,508 |
| Investment Income | 535,671 |
| Other Income | 502,943 |
| Total Employee Compensation & Benefits | 1,457,720 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,946,387 |
| Non-operating Income & (Expense) | 388,061 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,632 |
| Cost of Funds | 188,932 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 359,133 |
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