Sep, 30, 2025 — ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 7 branch locations and about $485.94 million in total assets. Opened 51 years ago in 1975, ADVANTAGE FEDERAL CREDIT UNION has about 34,576 members and employs 104 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ADVANTAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 70 Metro Park ROCHESTER, NY 14623 |
| Phone: | (585) 454-5900 |
| Fax: | |
| Website: | https://www.advantagefcu.org |
| Branches: | 7 branch locations |
| Members: | 34,576 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24181 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $485,943,803 |
| CEO/Manager: | Jeff Bocach |
| Chairperson: | Tom Yale |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,778,301 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 159,222,921 |
| Unsecured Loans | 50,726,801 |
| Other Loans | 140,269,159 |
| TOTAL LOANS | 350,218,880 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,128,605 |
| Land And Building | 4,153,239 |
| Other Fixed Assets | 1,237,198 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,363,766 |
| All Other Assets | 45,086 |
| TOTAL ASSETS | 485,943,803 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 699,754 |
| Notes & Interest Payable | 87,401,328 |
| Accounts Payable & Other Liabilities | 5,321,914 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 92,934,956 |
| Regular shares | 136,950,528 |
| All Other Shares & Deposits | 127,854,850 |
| TOTAL SHARES & DEPOSITS | 357,740,334 |
| TOTAL LIABILITIES | 451,163,330 |
| Regular Reserve | 0 |
| Other Reserves | -12,033,746 |
| Undivided Earnings | 46,814,219 |
| TOTAL EQUITY | 34,780,473 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 485,943,803 |
| INCOME & EXPENSE | |
| Loan Income | 16,845,329 |
| Investment Income | 2,346,819 |
| Other Income | 2,809,289 |
| Total Employee Compensation & Benefits | 7,199,705 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,091,853 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,684,697 |
| Cost of Funds | 6,674,392 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,026,450 |
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