Credit Unions Near Me
National Credit Union Service Organization

ADVANCED FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2021 — ADVANCED FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW PROVIDENCE, NJ with 6 branch locations and about $115.11 million in total assets. Opened 57 years ago in 1965, ADVANCED FINANCIAL FEDERAL CREDIT UNION has about 7,854 members and employs 28 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: 221276817
Name:ADVANCED FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
785 CENTRAL AVE
NEW PROVIDENCE, NJ 07974
Phone:(908) 771-0300
Fax:(908) 771-9349
Website:http://www.advfinfcu.com
Branches:6 branch locations
Members:7,854
Credit Union Type:Federal Credit Union
Charter Number:16785
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1965
Last Audited:Jun 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$115,112,333
CEO/Manager:Sandra S Mullins
Chairperson:Arthur Marquardt

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 27,614,109
TOTAL INVESTMENTS 36,907,096
Loans Held for Sale 0
 
 Real Estate Loans 39,245,681
 Unsecured Loans 3,663,362
 Other Loans 3,733,262
 TOTAL LOANS 46,642,305
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,049,589
 Land And Building 576,717
 Other Fixed Assets 411,974
 NCUSIF Deposit 916,220
 All Other Assets 3,093,501
  TOTAL ASSETS 115,112,333
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 547,621
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,603,879
 Regular shares 61,002,987
 All Other Shares & Deposits 21,715,563
  TOTAL SHARES & DEPOSITS 100,322,429
  TOTAL LIABILITIES 100,870,050
 Regular Reserve 2,054,769
 Other Reserves 2,858,028
 Undivided Earnings 9,329,486
  TOTAL EQUITY 14,242,283
  TOTAL LIABILITIES, SHARES, & EQUITY 115,112,333
INCOME & EXPENSE  
 Loan Income 2,744,101
 Investment Income 437,113
 Other Income 565,630
 Total Employee Compensation & Benefits 1,688,777
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,539,765
 Non-operating Income & (Expense) 1,366,119
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 119,500
 Cost of Funds 233,994
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,681,565
↑ Back to Top

Other Credit Unions

PLAINFIELD CREDIT UNION
201 Watchung Ave
PLAINFIELD, NJ 07061
ST. ANDREW KIM FEDERAL CREDIT UNION
280 Parker Ave
MAPLEWOOD, NJ 07040
HEARD A.M.E. FEDERAL CREDIT UNION
310 E 8th Ave
ROSELLE, NJ 07203
METREX FEDERAL CREDIT UNION
5 Red Maple Ln
KENILWORTH, NJ 07033
PLAINFIELD POLICE & FIREMEN'S FEDERAL CREDIT UNION
315 Central Ave
PLAINFIELD, NJ 07060-4206
L'OREAL USA FEDERAL CREDIT UNION
30 Terminal Ave
CLARK, NJ 07066
ATLANTIC HEALTH EMPLOYEES FEDERAL CREDIT UNION
99 Beauvoir Ave Fl 2
SUMMIT, NJ 07901
FAIRLEIGH DICKINSON UNIVERSITY FEDERAL CREDIT UNION
12 Main St Ste 4
MADISON, NJ 07940
JERSEY CENTRAL FEDERAL CREDIT UNION
23 North Ave E
CRANFORD, NJ 07016-2196
COMMUNITY FINANCIAL SERVICES FEDERAL CREDIT UNION
149 Saint George Ave
ROSELLE, NJ 07203-2936