Advantage Federal Credit Union
Headquarters
70 Metro Park
Rochester, NY 14623
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2024 Overview
General Credit Union Information
Advantage is an NCUA insured institution located in Rochester, NY. It was founded in 1975 and has approximately $487 millions in assets.
Who can join?
Membership in Advantage is available to:
Employees, retirees and volunteers of Advantage Select Employer Groups.
Individuals who live, work, worship, volunteer, or attend school in the City of Rochester.*
Businesses and other legal entities in the City of Rochester.
Immediate family members and household members of individuals who are eligible for membership.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24181 |
| Date Established | 1975 |
| Assets | $487.00 million |
| Loans | $340.30 million |
| Deposits | $369.48 million |
| Capital | $44.02 million |
Field of Membership Restrictions
Eligible members are those working for select employer groups or those who live, work, worship or attend school in Rochester. Also open to Businesses and other legal entities in the City of Rochester.
Deposit Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.25% | $1 | $99 | Learn More |
| Int Ckg
|
0.25% | $2,500 | $3,499 | Learn More |
Loan Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Advantage
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.866% | 6.750% | 1.00 | $3,801 | $2,076 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
NMLS ID: 3029 |
Learn More | |||||
NMLS ID: 491986 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Advantage
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Advantage branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Advantage Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 355.24 | A | View Lobby Hours | |
| 356.53 | B | View Lobby Hours | |
| 356.53 | C | View Lobby Hours | |
| 360.29 | D | View Lobby Hours | |
| 360.55 | E | View Lobby Hours | |
| 360.55 | F | View Lobby Hours | |
| 365.30 | G | View Lobby Hours | |
| 543.55 | H | View Lobby Hours |
Climate Policy and Initiatives
ADVANTAGE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Advantage Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Advantage. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Advantage | U.S. Average |
|---|---|
| 2.84% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Advantage had $1,287,713 in non-current loans and $8,000 in owned assets. To cover these potential losses it had $44,024,984 in net worth and $1,662,550 in loans loss reserves. That gives it a Texas Ratio of 2.84%.
Net Worth
| Advantage | U.S. Average |
|---|---|
| 9.03% | 13.93% |
Advantage FCU has a net worth of 9.03% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Advantage
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