1st Advantage Federal Credit Union Info + Reviews
1st Advantage Federal Credit Union is the Virginia FCU that I’ll be focusing on here. We’re going to dig into the details on this one and go over important info to help you decide if it’s the right place for you. The details will include things like rates, eligibility and more.
By the time you’re finished reading, it should give you useful information to make an educated decision about working with them.
At the end, you can also add in your own personal review of this CU if you have experience with them.
If you currently work there and want to be notified when reviews come in, please email [email protected] and request to be on the email list. Please say the specific name of your credit union in the subject line.
Advertiser Disclosure: We receive compensation if you sign up for financial products or services mentioned in this article in the blue buttons. For more info on that, click here.
Check Your Personal Loan Rate with SoFi
*Routing #: 251480563
*Phone #: 757-877-2444
Locations:
| 1st Advantage Federal Credit Union – Hidenwood Branch 12368 Warwick Blvd., Unit 112 Newport News, VA 23606 757-872-3541 0.67 miles Send To: Email | Mobile Get Directions Hours: Monday: 9:00-5:00 Tuesday: 9:00-5:00 Wednesday: 9:00-5:00 Thursday: 9:00-5:00 Friday: 9:00-5:00 Michelle Mills, Relationship Manager 1 ATM | |
| 1st Advantage – Riverside Branch Riverside Hospital 500 J Clyde Morris Blvd. Newport News, VA 23601 1.03 miles Send To: Email | Mobile Get Directions Hours: Monday: 9:00 a.m – 4:30 p.m. Tuesday: Closed Wednesday: 9:00 a.m – 4:30 p.m. Thursday: Closed Friday: 9:00 a.m. – 4:30 p.m. Saturday: Closed Erica Carson, Relationship Manager | |
| 1st Advantage – Kiln Creek Branch 110 Cybernetics Way Yorktown, VA 23693 757-872-3535 3.36 miles Send To: Email | Mobile Get Directions Hours: Monday:9:00-5:00 Tuesday:9:00-5:00 Wednesday:9:00-5:00 Thursday:9:00-5:00 Friday:9:00-5:00 Saturday:9:00-12:00 Drive-Thru Hours Monday-Friday: 9:00-5:30 Saturday: 9:00-12:00 Georgettia E. Swindell, Relationship Manager 1 ATM Shared Branch (CU Service Center) | |
| 1st Advantage – Mercury Branch 5003 W. Mercury Boulevard Newport News, VA 23605 4.83 miles Send To: Email | Mobile Get Directions Hours: Monday:9:00-5:00 Tuesday:9:00-5:00 Wednesday:9:00-5:00 Thursday:9:00-5:00 Friday:9:00-5:00 Saturday:9:00-12:00 Drive-Thru Hours Monday-Friday: 9:00-5:30 Saturday: 9:00-12:00 Adriene Duncan, Relationship Manager 1 ATM | |
| 1st Advantage Federal Credit Union- Denbigh Branch 12891 Jefferson Ave. Newport News, VA 23608 757-872-3530 5.28 miles Send To: Email | Mobile Get Directions Hours: Monday: 9:00-5:00 Tuesday: 9:00-5:00 Wednesday: 9:00-5:00 Thursday: 9:00-5:00 Friday: 9:00-5:00 Saturday: 9:00-12:00 Drive-Thru Hours Monday – Friday: 9:00-5:30 Saturday: 9:00-12:00 Kim Bottley, Relationship Manager 2 ATMs | |
| 1st Advantage – Coliseum Central Branch 2014 Coliseum Dr. Hampton, VA 23666 757-872-3532 6.2 miles Send To: Email | Mobile Get Directions Hours: Monday:9:00-5:00 Tuesday:9:00-5:00 Wednesday:9:00-5:00 Thursday:9:00-5:00 Friday: 9:00-5:00 Adriene Duncan, Relationship Manager 1 ATM | |
| 1st Advantage – Grafton Branch 6035 George Washington Memorial Hwy. Yorktown, VA 23692 757-872-3542 6.47 miles Send To: Email | Mobile Get Directions Hours: Monday: 9:00-5:00 Tuesday: 9:00-5:00 Wednesday: 9:00-5:00 Thursday: 9:00-5:00 Friday: 9:00-5:00 Drive-Thru Hours Monday – Friday: 9:00-5:30 Melinda Ponton, Relationship Manager 1 ATM | |
| 1st Advantage Federal Credit Union- Fort Eustis Branch 1317 Patton Ave. Newport News, VA 23604 757-872-3538 7.51 miles Send To: Email | Mobile Get Directions Hours: Monday: 9:00-5:00 Tuesday: Closed Wednesday: 9:00-5:00 Thursday: Closed Friday: 9:00-5:00 Kim Bottley, Relationship Manager Joint Base Langley Eustis limited access Shared Branch (CU Service Center) | |
| 1st Advantage – Williamsburg Commons Branch 224 Commons Way Williamsburg, VA 23185 757-872-3533 18.91 miles Send To: Email | Mobile Get Directions Hours: Monday:9:00-5:00 Tuesday:9:00-5:00 Wednesday:9:00-5:00 Thursday:9:00-5:00 Friday:9:00-5:00 Drive-Thru Hours: Monday-Friday: 9:00-5:30 Rebecca Denney, Relationship Manager 1 ATM | |
| 1st Advantage – New Town Branch 4800 Courthouse Street Williamsburg, VA 23188 757-872-3536 19.52 miles Send To: Email | Mobile Get Directions Hours: Monday:9:00-5:00 Tuesday:9:00-5:00 Wednesday:9:00-5:00 Thursday:9:00-5:00 Friday:9:00-5:00 Saturday:9:00-12:00 Drive-Thru Hours: Monday-Friday: 9:00-5:30 Saturday: 9:00-12:00 Catherine Holzschuh, Relationship Manager 2 ATMs | |
| 1st Advantage – Gloucester Branch 6511 George Washington Memorial Hwy. Gloucester, VA 23061 757-872-3539 21.17 miles Send To: Email | Mobile Get Directions Hours: Monday:9:00-5:00 Tuesday:9:00-5:00 Wednesday:9:00-5:00 Thursday:9:00-5:00 Friday:9:00-5:00 Saturday:9:00-12:00 Drive-Thru Hours Monday – Friday: 9:00-5:30 Saturday: 9:00-12:00 Pamela Nichols, Relationship Manager 1 ATM Shared Branch (CU Service Center) | |
| 1st Advantage Federal Credit Union – Sentara Wmsbg. Reg. Med. Ctr. Branch 400 Sentara Circle, Suite 102 Williamsburg, VA 23188 22.69 miles Send To: Email | Mobile Get Directions Hours: Monday:9:00 – 5:00 Tuesday:Closed Wednesday:9:00 – 5:00 Thursday:Closed Friday: 9:00 – 5:00 Catherine Holzschuh, Relationship Manager 1 ATM Shared Branch (CU Service Center) | |
| 1st Advantage Federal Credit Union- Virginia Beach Town Center Branch 4525 Columbus St. Virginia Beach, VA 23462 757-872-3543 25.73 miles Send To: Email | Mobile Get Directions Hours: Monday: 9:00-5:00 Tuesday: 9:00-5:00 Wednesday: 9:00-5:00 Thursday: 9:00-5:00 Friday: 9:00-5:00 Drive-Thru Hours Monday-Friday 9:00-5:00 Erica Carson, Relationship Manager 1 ATM Shared Branch (CU Service Center) | |
A Little History on 1st Advantage Federal Credit Union
This Virginia FCU was first chartered in 1951. It seems like the typical CU that I look at started in the 1930s, so this one is a little bit younger. Through the years, they’ve grown and become pretty big, having assets that exceed $900 million.
Because of their involvement with various ATM networks, you can access your cash from here in 65,000+ places surcharge-free.
Do They Give Back at All?
They do give back to the community at 1st Advantage Federal Credit Union. In 2020, for example, they invested $111,000 in the local community in the form of various donations. Organizations that benefited from their generosity included Children’s Hospital of the King’s Daughters, Virginia Peninsula Foodbank, and the Hampton Roads Ecumenical Lodgings and Provisions, Inc.
In non-pandemic times, they also get together for something called 1st A.I.D.E. Day, where all colleagues get together to work on projects for local non-profits.
Over the summer months of 2020 they also collected 1,301 pounds of food, 264 children’s books, and 117 packs of diapers to donate.
Membership Requirements at 1st Advantage Federal Credit Union
In order to qualify for membership, you will need to either live, work, worship, or attend school in a few specific places. Those are Hampton Roads, Richmond, or parts of North Carolina that are within the field of membership.
If you are related to an existing member, that is another way that you can qualify.
Their Products
You can find the usual savings products at 1st Advantage Federal Credit Union. They have many personal products, including checking, savings, money market accounts, direct deposits, certificates, IRAs, and Gift Cards.
There are three main credit card products at this Virginia FCU. They’ve got World Mastercard, Rewards Mastercard, and Standard Mastercard.
You can get new/used auto loans, RV, Boat, & Motorcycle Loans, Personal Loans, Loan Payments, auto loan refinancing, and credit builder loans, too.
Mortgages and Other Home Related Products
1st Advantage Federal Credit Union offers a variety of mortgage products. Those include fixed rate mortgages, VA mortgages, FHA loans, VHDA First-time homebuyer loans, and a medical professionals mortgage.
You can get a home equity line of credit and home equity loans at this FCU, too.
For the business owners out there, they have business checking, business money market accounts, business loans, commercial real estate, SBA loans, Business Lines of Credit, credit cards, other business services and more.
Investments and Insurance
There are even insurance options. They have investments, retirement planning services, life insurance, home, and auto insurance.
A Few Rates
(All rates listed were current at the time of publishing this article, however, they are all subject to change without notice)
| Type of Loan | Term | Rate | Annual Percentage Rate (APR)* |
|---|---|---|---|
| Mortgage Rates | |||
| 5/5 ARM | as low as 2.875% | 3.125%1 | |
| 5/5 JUMBO ARM | as low as 3.375% | 3.186%2 | |
| 15-Year Fixed | as low as 2.625% | 2.827%3 | |
| 20-Year Fixed | as low as 2.875% | 3.032%4 | |
| Mortgages for Medical Professionals | |||
| 5/5 ARM | as low as 2.625% | 2.817%5 | |
| 25-Year Fixed | as low as 2.875% | 3.004%6 |
The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 2.875% / 3.125% APR and 80% loan-to-value (LTV) is $829.78. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $1024.00. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates, and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling.
2. APR: Annual Percentage Rate. Fixed 3.375% / 3.186% APR for the first five years. The interest rate is current as of 2/01/2022. No Private Mortgage Insurance. Up to 80% LTV for purchases. Minimum loan amount is $510,400. After the five-year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to borrowers with a credit score of 720 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $510,000, 5-year Adjustable-Rate Loan at 3.375% / 3.186% APR and 80% loan-to-value (LTV) is $2,256.46. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%.
Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 5 years, the maximum payment is $1024.00. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater and rates provided are based on current market rates, and are informational only. Payments are estimates and include only principal and interest. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling.
3. APR: Annual Percentage Rate. The interest rate is current as of 2/01/22. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate charged and the annual percentage rate are constant for the life of the loan. Assuming a $200,000 loan amount, a 15-year term, and a 2.827% APR, you would make monthly payments of $1345.38. Payments are estimates only and only include principal and interest. Minimum/Maximum: The minimum refinance loan amount is $50,000. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value.
4. APR: Annual Percentage Rate. The interest rate is current as of 2/01/22. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate charged and the annual percentage rate are constant for the life of the loan. Assuming a $200,000 loan amount, a 20-year term, and a 3.032% APR, you would make monthly payments of $1096.72. Payments are estimates only and only include principal and interest. Minimum/Maximum: The minimum refinance loan amount is $50,000. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value.
5. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Fixed 2.625% rate/ 2.817% APR for the first five years. The interest rate is current as of 2/01/2022. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. After the five-year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications.
All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 2.625% / 2.817% APR and 80% loan-to-value (LTV) is $803.30. Payments are estimates and include only principal and interest. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 15 years, the maximum possible payment is $1718.31.
Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value.
6. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate is current as of 2/01/2022. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 25-year, $200,000 fixed rate loan at 2.875% / 3.004% APR and 80% loan to value (LTV) is $935.47. Payments are estimates and include only principal and interest.
Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. The interest rate charged, and the annual percentage rate are constant for the life of the loan. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, and loan value.6
Vehicle Loan Rates
| Type of Loan | Term (Months) | Annual Percentage Rate (APR)* |
|---|---|---|
| New and Used Auto | ||
| Up to 48 months | 2.44%* | |
| Up to 60 months | 2.64%* | |
| Up to 66 months | 2.64%* | |
| Up to 75 months | 2.74%* | |
| Up to 84 months | 4.54%* | |
| Up to 96 months | 7.24%* | |
| New and Used Motorcycle, RV^ and Boat Loans | ||
| Up to 48 months | 3.94%* | |
| Up to 60 months | 4.14%* | |
| Up to 66 months | 4.14%* | |
| Up to 75 months | 4.24%* | |
| Up to 84 months | 6.04%* | |
| Up to 96 months | 8.74%* |
^All Recreational Vehicle loans require a minimum 20% cash down payment.
Personal Loan Rates at 1st Advantage Federal Credit Union
| Type of Loan | Annual Percentage Rate (APR)* |
|---|---|
| Signature Lines of Credit | |
| $500 and up – as low as 11.00% | |
| Fixed Term Signature Loans | |
| Personal Loan Special: Up to $20,000 as low as 6.99% APR* for up to 60 months | |
| $500 and up – as low as 10.00% APR* | |
| Secured Loans | |
| Share Secured | 3% above Share Rate |
| Certificate Secured | 2% above certificate rate. No discount on Share/Certificate secured rate. |
| 50/50 Share Secured | Signature rate + Share/Certificate rate, divided by 2 = rate Determined by beacon score. |
| Payday Alternative Loan | |
| $200 – $1,000 flat rate of 17.95% APR1 for up to 5 months | |
| Credit Builder Loan | |
| $500 – $1,000 as low as 6.25%2 |
Deposit Account Rates
Dividend | APY* | Opening Balance | Compounded/ Credited | Average Daily Balance** | |
|---|---|---|---|---|---|
| Savings | 0.05% | 0.05% | $5.00 | Quarterly | $100 |
| Free Advantage Checking | N/A | N/A | N/A | N/A | N/A |
| Premier Checking | 0.05% | 0.05% | None | Quarterly | $100 |
| Preferred Checking | 0.05% | 0.05% | None | Quarterly | $250 |
| Christmas Club | 0.05% | 0.05% | None | Quarterly | $100 |
| Vacation Club | 0.05% | 0.05% | None | Quarterly | $100 |
| Youth | 0.05% | 0.05% | $5.00 | Quarterly | $100 |
| Escrow | 0.05% | 0.05% | None | Quarterly | $100 |
| IRA Variable | 0.25% | 0.25% | None | Quarterly | $100 |
**Average Daily Balance required to earn Dividends
Rates are subject to change at any time and are not guaranteed. Rate may change after the account is open. Fees may reduce the earnings on the account. For additional information on your account please see your Membership & Account Agreement. If you have any questions or require current rate information please call the credit union at 757-886-3333.
1st Advantage Federal Credit Union – Final Thoughts
It’s a solid looking CU, no question about it. You can access your cash from there in a ton of different locations because of their vast network of surcharge-free ATMS, which is awesome. 1st Advantage Federal Credit Union has over $900 million in assets, very solid in my book.
They give back a lot to the community in a handful of different ways, which is just great to see. It’s always really important to give back. Lastly, the rates I looked at were pretty competitive between personal loans, auto, and mortgages.
Do you have a review on this CU that you want to add? Leave it below. We just need your email address in case they ask us for it to reach out to you for any reason.
There are no reviews yet. Be the first one to write one.
*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.
*This site is not affiliated with the Credit Union mentioned in this article.