Advanced Financial Federal Credit Union
Headquarters
785 Central Ave
New Providence, NJ 07974
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2024 Overview
General Credit Union Information
Advanced Financial is an NCUA insured institution located in New Providence, NJ. It was founded in 1965 and has approximately $110.33 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 16785 |
| Date Established | 1965 |
| Assets | $110.33 million |
| Loans | $54.64 million |
| Deposits | $91.71 million |
| Capital | $16.96 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Union County, New Jersey.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.05% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $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
|
0.75% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Advanced Financial
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: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1429043 License#: RM.804500.000 |
6.884% | 6.750% | 0.38 | $4,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Advanced Financial
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Branches
Below are Advanced Financial 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
Climate Policy and Initiatives
ADVANCED FINANCIAL 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
Advanced Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Advanced Financial. 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
| Advanced Financial | U.S. Average |
|---|---|
| 3.22% | 6.97 |
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 December 31, 2023, Advanced Financial had $133,041 in non-current loans and $445,029 in owned assets. To cover these potential losses it had $16,962,184 in net worth and $1,015,111 in loans loss reserves. That gives it a Texas Ratio of 3.22%.
Net Worth
| Advanced Financial | U.S. Average |
|---|---|
| 15.3% | 13.62% |
Advanced Financial FCU has a net worth of 15.3% versus the BestCashCow average of 13.62. 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 Advanced Financial
sofiacafeteria035@gamil.com
August 21, 2023
Don’t trust them they are a fake company, with fake promises, and they will convince you to invest your hard-earned money with them, don’t be fooled by all these scam investment brokers and account managers, I was scammed of $43,000 of my investment capital, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, at the end I lost all my money, All efforts to reach out to their customer support desk were declined and I found it very hard to move on. Luckily I came across a comment on a recovery website that recommended a funds recovery expert on binary/forex and bitcoin investment recovery, in the person of Mr. Fabien and I contacted him immediately through his email address and explained my issues with my investment broker to him, God so kind, him and his team worked relentlessly to recover my funds, and was able to build a case on the scam broker with the information I provided about my trading experience and my funds refunded back to me within a week interval, I was able to get access to my funds back with his help, I still can't believe how possible it is to get my invested capital back, including my bonus with the company. I know some people must have been a victim of any scam investment broker. I feel obligated to recommend him and his great fund's recovery strategy, feel free to reach out to him if you having issues withdrawing your funds you contact him via his email address: (lenaertsfabian14@gmail.com) and he will guide you on steps to take, and get your invested capital including your bonus refunded back to you
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