Credit Unions Near Me
National Credit Union Service Organization

ADVANCE FINANCIAL FEDERAL CREDIT UNION

Dec, 31, 2023 — ADVANCE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in SCHERERVILLE, IN with 2 branch locations and about $128.76 million in total assets. Opened 87 years ago in 1937, ADVANCE FINANCIAL FEDERAL CREDIT UNION has about 8,507 members and employs 36 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:https://www.advancefcu.org
Branches:2 branch locations
Members:8,507
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$128,761,317
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 3,401,975
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 31,557,671
 Unsecured Loans 597,440
 Other Loans 37,868,596
 TOTAL LOANS 70,023,707
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -286,550
 Land And Building 841,657
 Other Fixed Assets 154,217
 NCUSIF Deposit 1,165,567
 All Other Assets 0
  TOTAL ASSETS 128,761,317
LIABILITIES & CAPITAL:  
 Dividends Payable 29,061
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,814,917
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,874,423
 Regular shares 61,830,046
 All Other Shares & Deposits 41,179,881
  TOTAL SHARES & DEPOSITS 116,884,350
  TOTAL LIABILITIES 118,729,973
 Regular Reserve 0
 Other Reserves -5,719,988
 Undivided Earnings 15,751,332
  TOTAL EQUITY 10,031,344
  TOTAL LIABILITIES, SHARES, & EQUITY 128,761,317
INCOME & EXPENSE  
 Loan Income 2,996,833
 Investment Income 1,031,564
 Other Income 836,281
 Total Employee Compensation & Benefits 2,651,277
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,939,716
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -82,236
 Cost of Funds 495,072
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 264,828
↑ 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
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
FINANS FEDERAL CREDIT UNION
7017 Kennedy Ave
HAMMOND, IN 46323
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