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ADVANTAGE FINANCIAL FEDERAL CREDIT UNION

Jun, 30, 2023 — 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 60 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.


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: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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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