Jun, 30, 2024 — 1ST ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in YORKTOWN, VA with 13 branch locations and about $940.09 million in total assets. Opened 73 years ago in 1951, 1ST ADVANTAGE FEDERAL CREDIT UNION has about 70,526 members and employs 215 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST ADVANTAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 Cybernetics Way YORKTOWN, VA 23693 |
| Phone: | (757) 877-2444 |
| Fax: | (757) 886-3314 |
| Website: | https://www.1stadvantage.org |
| Branches: | 13 branch locations |
| Members: | 70,526 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7448 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $940,087,043 |
| CEO/Manager: | Paul W Muse |
| Chairperson: | Sylvester McClellan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 96,935,946 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 256,153,042 |
| Unsecured Loans | 67,695,701 |
| Other Loans | 295,713,650 |
| TOTAL LOANS | 658,982,904 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,649,942 |
| Land And Building | 13,220,777 |
| Other Fixed Assets | 2,353,999 |
| NCUSIF Deposit | 7,805,321 |
| All Other Assets | 481,198 |
| TOTAL ASSETS | 940,087,043 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,529,058 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 206,380,554 |
| Regular shares | 342,203,176 |
| All Other Shares & Deposits | 277,599,605 |
| TOTAL SHARES & DEPOSITS | 826,183,335 |
| TOTAL LIABILITIES | 841,712,393 |
| Regular Reserve | 0 |
| Other Reserves | -8,355,648 |
| Undivided Earnings | 106,730,298 |
| TOTAL EQUITY | 98,374,650 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 940,087,043 |
| INCOME & EXPENSE | |
| Loan Income | 21,682,798 |
| Investment Income | 2,662,439 |
| Other Income | 4,347,967 |
| Total Employee Compensation & Benefits | 12,251,259 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,326,817 |
| Non-operating Income & (Expense) | 335,360 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 921,321 |
| Cost of Funds | 1,440,758 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,228,087 |
| ↑ Back to Top | |