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ADVANTAGE FEDERAL CREDIT UNION

Jun, 30, 2024 — ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 8 branch locations and about $458.05 million in total assets. Opened 50 years ago in 1975, ADVANTAGE FEDERAL CREDIT UNION has about 39,715 members and employs 101 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: 222382292
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:8 branch locations
Members:39,715
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$458,047,628
CEO/Manager:Jeff Bocach
Chairperson:Tom Yale

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,275,369
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 136,322,731
 Unsecured Loans 41,246,759
 Other Loans 143,920,402
 TOTAL LOANS 321,489,892
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,632,778
 Land And Building 4,594,810
 Other Fixed Assets 2,025,504
 NCUSIF Deposit 2,970,793
 All Other Assets 2,200
  TOTAL ASSETS 458,047,628
LIABILITIES & CAPITAL:  
 Dividends Payable 46,164
 Notes & Interest Payable 59,610,000
 Accounts Payable & Other Liabilities 6,175,807
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 110,246,736
 Regular shares 122,380,469
 All Other Shares & Deposits 137,873,412
  TOTAL SHARES & DEPOSITS 370,500,617
  TOTAL LIABILITIES 436,332,588
 Regular Reserve 0
 Other Reserves -18,276,301
 Undivided Earnings 39,991,341
  TOTAL EQUITY 21,715,040
  TOTAL LIABILITIES, SHARES, & EQUITY 458,047,628
INCOME & EXPENSE  
 Loan Income 9,372,958
 Investment Income 1,645,105
 Other Income 2,600,679
 Total Employee Compensation & Benefits 6,341,728
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,760,232
 Non-operating Income & (Expense) 900
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,471,020
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,476,604
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