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1st Advantage Credit Union

Overview
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1st Advantage Credit Union is a federal credit union based in Newport News, Virginia. It has been opened since 1951, for 69 years.

With around $690,990,000 in assets, 1st Advantage Credit Union is considered to be a very large credit union. It has 14 branches and 14 ATM locations.

About
Address Po Box 2116
Newport News, Virginia 23609
Website http://www.1stadvantage.org
Phone (757) 877-2444
Fax (757) 886-3314
CEO Paul W. Muse
President of the Board Tom Cameron
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
64,488 members
Membership type: Community credit union
Above average number of members
290:1
Credit union member to staff ratio
290 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$690,990,517
Total assets
Above average
14 branches
Compared with an average of 4 nationally and 4 in Virginia
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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14 branches
Compared with an average of 4 nationally and 4 in Virginia
Above average number of branches
1st Advantage Credit Union Branch Locations

1st Advantage Credit Union: Fort Eustis Branch
1 Fort Eustis
1317 Patton Avenue
Fort Eustis, Virginia 23604
ATM Available
1st Advantage Credit Union: Virginia Beach Town Center Branch
4525 Columbus Street
Virginia Beach, Virginia 23462
ATM Available
1st Advantage Credit Union: Gloucester Branch
6511 George Washington Memorial Highway
Gloucester, Virginia 23061
ATM Available
1st Advantage Credit Union: Sentara Branch
400 Sentara Circle Suite 103
Williamsburg, Virginia 23188
ATM Available
1st Advantage Credit Union: Denbigh Branch
12891 Jefferson Avenue
Newport News, Virginia 23608
ATM Available
1st Advantage Credit Union: Mcguire Branch
1204 Broad Rock Boulevard
Richmond, Virginia 23224
ATM Available
1st Advantage Credit Union: Hidenwood Branch
12490 Warwick Boulevard
Suite B.
Newport News, Virginia 23606
ATM Available
1st Advantage Credit Union: Mercury Branch
5003 Mercury Boulevard
Hampton, Virginia 23605
ATM Available
1st Advantage Credit Union: Nws Branch
200 Main Road Building 1822
Yorktown, Virginia 23691
ATM Available
1st Advantage Credit Union: Grafton Branch
6035 George Washington Mem Highway
Yorktown, Virginia 23692
ATM Available
1st Advantage Credit Union: Town Center Branch
2014 Coliseum Drive
Hampton, Virginia 23666
ATM Available
1st Advantage Credit Union: New Town Branch
4800 Courthouse Street
Williamsburg, Virginia 23188
ATM Available
1st Advantage Credit Union: Commons Way Branch
224 Commons Way
Williamsburg, Virginia 23185
ATM Available
1st Advantage Credit Union: 1A Plaza, Kiln Creek Branch
110 Cybernetics Way
Yorktown, Virginia 23693
ATM Available
Members
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64,488 members
Membership type: Community credit union
Above average number of members

With 64,488 members, the 1st Advantage Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 93% of credit unions.

Fees
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$95
Average fee per member
The average fee per member at the 1st Advantage Credit Union is $95, which is very high compared to most credit unions. This rate is higher than 82% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the 1st Advantage Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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290:1
Credit union member to staff ratio
290 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
222 staff members
FTE (full-time equivalent)
7% of employees are part-time
214 full-time, 17 part-time

1st Advantage Credit Union has 214 full-time staff members and 17 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 93% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. 1st Advantage Credit Union has around 290 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$690,990,517
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$12,558
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 68% of credit unions.

1st Advantage Credit Union holds a total of $594,800,000 in loans and leases, which is about $12,558 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. 1st Advantage Credit Union pays 0.10%.

Loan rates
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9.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
17.95%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.10%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.99%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.25%
Other real estate loan rates
Compared to 0.9% nationally