FINANCIAL ADVANTAGE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.financialadvantagecu.com for more information.
Dec, 31, 2023 — FINANCIAL ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in Homestead, PA with 1 branch location and about $8.90 million in total assets. Opened 83 years ago in 1941, FINANCIAL ADVANTAGE FEDERAL CREDIT UNION has about 1,481 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FINANCIAL ADVANTAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 E 8th Ave Homestead, PA 15120 |
| Phone: | (412) 461-5100 |
| Fax: | (412) 461-7005 |
| Website: | https://www.financialadvantagecu.com |
| Branches: | 1 branch locations |
| Members: | 1,481 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4517 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,900,678 |
| CEO/Manager: | Helenann Kozminski |
| Chairperson: | Art Dougherty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,409,937 |
| TOTAL INVESTMENTS | 4,118,966 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 454,290 |
| Unsecured Loans | 320,774 |
| Other Loans | 453,026 |
| TOTAL LOANS | 1,228,090 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,437 |
| Land And Building | 50,670 |
| Other Fixed Assets | 2,152 |
| NCUSIF Deposit | 80,113 |
| All Other Assets | 26,187 |
| TOTAL ASSETS | 8,900,678 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 548 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 392,730 |
| Regular shares | 5,874,039 |
| All Other Shares & Deposits | 1,410,650 |
| TOTAL SHARES & DEPOSITS | 7,677,419 |
| TOTAL LIABILITIES | 7,677,967 |
| Regular Reserve | 718,476 |
| Other Reserves | 0 |
| Undivided Earnings | 504,235 |
| TOTAL EQUITY | 1,222,711 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,900,678 |
| INCOME & EXPENSE | |
| Loan Income | 86,082 |
| Investment Income | 41,565 |
| Other Income | 2,429 |
| Total Employee Compensation & Benefits | 91,143 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 118,067 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -25,000 |
| Cost of Funds | 10,455 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -64,589 |
| ↑ Back to Top | |