Who We Are:
Our Credit Union was originally chartered in 1932 by a small group of Veterans Administration employees. They were dedicated to building a financial institution that would provide outstanding financial services...at the lowest possible cost.
When you bring your money home to Advantage Financial FCU, you know it's safe and sound. With more than 12,000 members and $100 million in assets, Advantage Financial FCU is in sound financial condition. Members enjoy added peace of mind knowing their savings are federally insured through the National Credit Union Administration.
Over the years, the Credit Union has had a few name changes Veterans Administration Central FCU, Department of Veterans Affairs FCU, DVA FCU. However, our mission has remained true. We continue to offer advice and affordable services to those with less than perfect credit.
Advantage Financial FCU is a community chartered Credit Union. Our field of membership includes those who live, work, worship or go to school in Washington DC as well as employees of the Department of Veterans Affairs.
Join Advantage Financial Today:
It’s easy to become a credit union member, simply open a Savings Account by depositing and maintaining a balance of $5 or more. This deposit represents your "share" in the credit union. Once you become a member of Advantage Financial, you're welcome to remain a member for life, regardless of whether you change jobs, move, or retire. Stop by the nearest branch, or give us a call today!
What Is a Credit Union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership.
The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution that exists to benefit them, not to make a profit.
Who Owns A Credit Union?
Unlike most financial institutions, which are owned by stockholders and work to make profits for those investors, credit unions are owned by their members. Each credit union member owns one "share" of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.