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1ST ADVANTAGE FEDERAL CREDIT UNION

Dec, 31, 2023 — 1ST ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in YORKTOWN, VA with 13 branch locations and about $981.45 million in total assets. Opened 73 years ago in 1951, 1ST ADVANTAGE FEDERAL CREDIT UNION has about 70,136 members and employs 217 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: 251480563
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:70,136
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$981,454,524
CEO/Manager:Paul W Muse
Chairperson:Sylvester McClellan

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 80,783,889
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 309,371,148
 Unsecured Loans 65,493,187
 Other Loans 291,846,770
 TOTAL LOANS 715,063,132
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,202,802
 Land And Building 12,734,817
 Other Fixed Assets 2,114,659
 NCUSIF Deposit 7,951,908
 All Other Assets 461,128
  TOTAL ASSETS 981,454,524
LIABILITIES & CAPITAL:  
 Dividends Payable 603
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,702,619
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 205,578,924
 Regular shares 299,653,880
 All Other Shares & Deposits 333,162,368
  TOTAL SHARES & DEPOSITS 838,395,171
  TOTAL LIABILITIES 856,098,393
 Regular Reserve 0
 Other Reserves -4,498,228
 Undivided Earnings 129,854,359
  TOTAL EQUITY 125,356,131
  TOTAL LIABILITIES, SHARES, & EQUITY 981,454,524
INCOME & EXPENSE  
 Loan Income 39,918,689
 Investment Income 9,068,857
 Other Income 5,812,593
 Total Employee Compensation & Benefits 18,016,508
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,361,955
 Non-operating Income & (Expense) 24,288
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,569,476
 Cost of Funds 7,087,019
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 20,296,143
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