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1ST ADVANTAGE FEDERAL CREDIT UNION

Dec, 31, 2021 — 1ST ADVANTAGE FEDERAL CREDIT UNION is a federal credit union headquartered in YORKTOWN, VA with 13 branch locations and about $927.34 million in total assets. Opened 71 years ago in 1951, 1ST ADVANTAGE FEDERAL CREDIT UNION has about 69,552 members and employs 205 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:http://www.1stadvantage.org
Branches:13 branch locations
Members:69,552
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$927,339,498
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 178,418,782
TOTAL INVESTMENTS 133,170,947
Loans Held for Sale 552,869
 
 Real Estate Loans 252,907,552
 Unsecured Loans 58,417,375
 Other Loans 274,953,577
 TOTAL LOANS 586,812,624
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,882,655
 Land And Building 13,275,143
 Other Fixed Assets 2,173,136
 NCUSIF Deposit 7,748,792
 All Other Assets 10,069,860
  TOTAL ASSETS 927,339,498
LIABILITIES & CAPITAL:  
 Dividends Payable 128
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,374,324
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 190,768,806
 Regular shares 328,810,875
 All Other Shares & Deposits 291,064,714
  TOTAL SHARES & DEPOSITS 810,644,395
  TOTAL LIABILITIES 826,018,847
 Regular Reserve 8,824,404
 Other Reserves 2,549,822
 Undivided Earnings 89,946,425
  TOTAL EQUITY 101,320,651
  TOTAL LIABILITIES, SHARES, & EQUITY 927,339,498
INCOME & EXPENSE  
 Loan Income 27,010,484
 Investment Income 1,356,609
 Other Income 6,001,445
 Total Employee Compensation & Benefits 16,569,295
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,627,839
 Non-operating Income & (Expense) 541,427
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 550,000
 Cost of Funds 1,846,595
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,277,120
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