Your Advantages

snowman Advantage Federal Credit Union Holiday Hours

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Posted by NerdWallet on September 12, 2016 by Bev O’Shea

When you apply for a loan or a credit card, the lender checks your credit score. That can knock off a few points.

But the same is not true when you check your own credit.

When you — or a creditor looking to preapprove you for a loan or credit card — check your score, it’s considered a soft inquiry.

That’s different from applying for credit, which results in a hard inquiry. A hard inquiry might cost you up to five points according to FICO, the creator of the most widely used scoring formulas. With VantageScore, an increasingly popular credit scoring model, an inquiry could cost 10 to 20 points. So, if you apply for several credit cards close together, you might see a significant drop in your credit scores.

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Freshman Banking 101: Checking Accounts

Posted by on September 14, 2016 by Juan Castillo

The road to a college degree isn’t just about learning in the classroom. It’s about learning life skills, too, like managing your money.

If you’re off to college and just opened your first checking account, you’ll enjoy the convenience it offers. Checking accounts can be handy for paying the monthly rent and for everyday expenses like groceries and all the ramen noodles you can eat. But with easy access to your money comes responsibility, like avoiding expensive bank fees when your account balance dips below zero.

Here’s a look at some account basics and some best practices to minimize your costs and maximize your benefits when using your first checking account.

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School Supplies


Advantage Federal Credit Union has teamed up with Radio 95.1, Kiss 106.7 and 100.5 The Drive for the 2nd Annual Rochester City School Supply Drive.


Please join us to help prepare Rochester City students for another successful school year and donate supplies today at any of our eight branches!

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Posted on July 21, 2016 by Jennifer Clark by


They say it takes about 21 days to create a habit, whether good or bad. Once you start feeding into bad money habits, it can be harder to be financially responsible and become increasingly easier to continue splurging. If you feel your bad money habits are getting you down, don’t worry; there is hope for you.


The first step to changing your ways is to acknowledge that there is a problem. If you are blind to the issues your money habits are causing you, it will take you much longer to get out of your situation. By facing them head on, you will be able to turn your bank account around.

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