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ADVANTAGE FEDERAL CREDIT UNION

Mar, 31, 2021 — ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in Rochester, NY with 8 branch locations and about $435.15 million in total assets. Opened 46 years ago in 1975, ADVANTAGE FEDERAL CREDIT UNION has about 37,248 members and employs 105 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:http://www.advantagefcu.org
Branches:8 branch locations
Members:37,248
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$435,145,690
CEO/Manager:Jeff Bocach
Chairperson:Tom Yale

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,832,488
TOTAL INVESTMENTS 147,608,560
Loans Held for Sale 0
 
 Real Estate Loans 100,261,002
 Unsecured Loans 38,159,398
 Other Loans 108,269,464
 TOTAL LOANS 246,689,864
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,991,003
 Land And Building 4,821,165
 Other Fixed Assets 2,458,165
 NCUSIF Deposit 2,858,724
 All Other Assets 9,867,727
  TOTAL ASSETS 435,145,690
LIABILITIES & CAPITAL:  
 Dividends Payable 9,913
 Notes & Interest Payable 75,643,512
 Accounts Payable & Other Liabilities 4,178,488
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 106,691,915
 Regular shares 97,152,523
 All Other Shares & Deposits 116,722,951
  TOTAL SHARES & DEPOSITS 320,567,389
  TOTAL LIABILITIES 400,399,302
 Regular Reserve 1,793,332
 Other Reserves -827,127
 Undivided Earnings 33,780,183
  TOTAL EQUITY 34,746,388
  TOTAL LIABILITIES, SHARES, & EQUITY 435,145,690
INCOME & EXPENSE  
 Loan Income 2,906,179
 Investment Income 244,509
 Other Income 655,997
 Total Employee Compensation & Benefits 1,847,315
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,843,573
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 342,874
 Cost of Funds 456,812
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 119,286
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