Sep, 30, 2025 — ADVANCE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in SCHERERVILLE, IN with 2 branch locations and about $122.30 million in total assets. Opened 89 years ago in 1937, ADVANCE FINANCIAL FEDERAL CREDIT UNION has about 7,344 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ADVANCE FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 31 W US Highway 30 SCHERERVILLE, IN 46375-2108 |
| Phone: | (219) 392-3900 |
| Fax: | (219) 392-3952 |
| Website: | https://www.advancefcu.org |
| Branches: | 2 branch locations |
| Members: | 7,344 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24078 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $122,303,503 |
| CEO/Manager: | Jerry Gomez |
| Chairperson: | Michael C Coduti |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,891,425 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,291,236 |
| Unsecured Loans | 544,820 |
| Other Loans | 32,534,399 |
| TOTAL LOANS | 60,370,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -514,088 |
| Land And Building | 698,111 |
| Other Fixed Assets | 200,131 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,077,918 |
| All Other Assets | 0 |
| TOTAL ASSETS | 122,303,503 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,847 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,643,039 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,808,417 |
| Regular shares | 58,396,964 |
| All Other Shares & Deposits | 35,631,317 |
| TOTAL SHARES & DEPOSITS | 107,836,698 |
| TOTAL LIABILITIES | 109,505,643 |
| Regular Reserve | 0 |
| Other Reserves | -2,926,107 |
| Undivided Earnings | 15,723,967 |
| TOTAL EQUITY | 12,797,860 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 122,303,503 |
| INCOME & EXPENSE | |
| Loan Income | 2,238,593 |
| Investment Income | 1,157,658 |
| Other Income | 549,533 |
| Total Employee Compensation & Benefits | 2,019,134 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,376,060 |
| Non-operating Income & (Expense) | 350 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 247,285 |
| Cost of Funds | 428,504 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 266,153 |
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