Sep, 30, 2025 — FAMILY ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SPRING HILL, TN with 4 branch locations and about $96.19 million in total assets. Opened 29 years ago in 1997, FAMILY ADVANTAGE FEDERAL CREDIT UNION has about 7,324 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY ADVANTAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Stephen P Yokich Pkwy SPRING HILL, TN 37174-3140 |
| Phone: | (931) 486-3125 |
| Fax: | (931) 486-3137 |
| Website: | https://www.myfafcu.org |
| Branches: | 4 branch locations |
| Members: | 7,324 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24603 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1997 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $96,186,317 |
| CEO/Manager: | John H Kenley, IV |
| Chairperson: | Mike Herron |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,854,781 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,841,803 |
| Unsecured Loans | 3,796,370 |
| Other Loans | 32,836,755 |
| TOTAL LOANS | 44,474,928 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,593,577 |
| Land And Building | 5,914,211 |
| Other Fixed Assets | 1,206,630 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 825,740 |
| All Other Assets | 345,082 |
| TOTAL ASSETS | 96,186,317 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 87,977 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,720,691 |
| Regular shares | 47,950,205 |
| All Other Shares & Deposits | 22,987,034 |
| TOTAL SHARES & DEPOSITS | 87,657,930 |
| TOTAL LIABILITIES | 87,745,907 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,440,410 |
| TOTAL EQUITY | 8,440,410 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,186,317 |
| INCOME & EXPENSE | |
| Loan Income | 2,503,223 |
| Investment Income | 962,421 |
| Other Income | 441,765 |
| Total Employee Compensation & Benefits | 1,239,828 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,883,024 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,831,728 |
| Cost of Funds | 702,832 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,533,624 |
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