Credit Unions Near Me
National Credit Union Service Organization

ADVANCE FINANCIAL FEDERAL CREDIT UNION

Jun, 30, 2021 — ADVANCE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in SCHERERVILLE, IN with 2 branch locations and about $140.29 million in total assets. Opened 84 years ago in 1937, ADVANCE FINANCIAL FEDERAL CREDIT UNION has about 10,170 members and employs 40 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: 271990473
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:http://www.advancefcu.org
Branches:2 branch locations
Members:10,170
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$140,293,175
CEO/Manager:Jerry Gomez
Chairperson:Janice A Vamos

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,012,583
TOTAL INVESTMENTS 47,429,175
Loans Held for Sale 0
 
 Real Estate Loans 35,211,042
 Unsecured Loans 472,867
 Other Loans 37,319,644
 TOTAL LOANS 73,003,553
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -396,532
 Land And Building 698,653
 Other Fixed Assets 271,916
 NCUSIF Deposit 1,180,850
 All Other Assets 12,092,977
  TOTAL ASSETS 140,293,175
LIABILITIES & CAPITAL:  
 Dividends Payable 7,009
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,316,451
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,614,817
 Regular shares 65,871,755
 All Other Shares & Deposits 45,727,578
  TOTAL SHARES & DEPOSITS 125,214,150
  TOTAL LIABILITIES 127,537,610
 Regular Reserve 3,454,071
 Other Reserves -1,309,735
 Undivided Earnings 10,611,229
  TOTAL EQUITY 12,755,565
  TOTAL LIABILITIES, SHARES, & EQUITY 140,293,175
INCOME & EXPENSE  
 Loan Income 1,363,340
 Investment Income 399,905
 Other Income 417,469
 Total Employee Compensation & Benefits 1,204,647
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 891,089
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -132,267
 Cost of Funds 119,990
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 421,871
↑ Back to Top

Other Credit Unions

GARY POLICE DEPARTMENT EMPLOYEES FEDERAL CREDIT UNION
555 POLK St., Ste 2017
GARY, IN 46402-1741
GARY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
401 BROADWAY, ROOM B1
GARY, IN 46402
HAMMOND FIREFIGHTERS ASSN. CREDIT UNION
4949 Calumet Ave
HAMMOND, IN 46327-1818
GREAT HORIZONS FEDERAL CREDIT UNION
7550 Hohman Ave
MUNSTER, IN 46321
HOBART IND SCHOOL EMPLOYEES FEDERAL CREDIT UNION
2211 E 10TH ST
HOBART, IN 46342-5313
NORTHERN INDIANA FEDERAL CREDIT UNION
8121 Grand Blvd
MERRILLVILLE, IN 46410
PROFINANCE FEDERAL CREDIT UNION
7700 Broadway
MERRILLVILLE, IN 46410
LOCAL 697 FEDERAL CREDIT UNION
7200 MISSISSIPPI ST STE 400
MERRILLVILLE, IN 46410
FINANS FEDERAL CREDIT UNION
7017 KENNEDY AVE
HAMMOND, IN 46323