ADVANCE FINANCIAL Credit Union Profile

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ADVANCE FINANCIAL

Charter #24078 | NCUA Region 2 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (219) 392-3900

Fax: (219) 392-3952

Founding Date: N/A

Website: http://www.Advancefcu.org

Personnel & Operations

President: Coduti, Michael

Manager: Gomez, Jerry

FT Employees: 35

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 2

Hours: M-T-T; 9-5 pm W; 9-1 pm F; 9-5:30 pm Sat.;

Credit Union Profile Summary

ADVANCE FINANCIAL is a FCU Credit Union. With a total of 7,451 members [1], this institution manages approximately $121,649,212 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 12.98% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -8.44% [1].

Financial Snapshot

Total Assets [1]
$121,649,212

Total economic resources.

Total Loans [1]
$59,515,222

Total value of outstanding loans.

Total Deposits [1]
$108,134,279

Total funds deposited by members.

Members [1]
7,451

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.98%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.52%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
55.04%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -3.46%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -8.44%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -9.01%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

31 W US Highway 30

Schererville, IN, 46375-2108
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by ADVANCE FINANCIAL (Charter #24078).

Main Office

Schererville Office Main Office

Type: Corporate Office

31 W US Highway 30

Schererville, IN 46375-2108

Phone: (219) 392-3900

Services: Member Services, ATM, Drive-Thru

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Additional Branches

East Chicago

East Chicago Office

Type: Branch Office

4035 Alder St

East Chicago, IN 46312

Phone: (219) 392-3900

Services: Member Services, ATM, Drive-Thru

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