Dec, 31, 2023 — ADVANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in DALLAS, TX with 15 branch locations and about $2.44 billion in total assets. Opened 87 years ago in 1937, ADVANCIAL FEDERAL CREDIT UNION has about 122,580 members and employs 286 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ADVANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 10000 N Central Expy Ste 1400 DALLAS, TX 75231-2319 |
Phone: | (800) 322-2709 |
Fax: | (214) 880-9501 |
Website: | https://www.advancial.org |
Branches: | 15 branch locations |
Members: | 122,580 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2285 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,440,593,100 |
CEO/Manager: | Brent Sheffield |
Chairperson: | Mike McKee |
ASSETS: | $ Amount |
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Cash & Equivalents | 248,028,160 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 604,980 |
Real Estate Loans | 745,722,362 |
Unsecured Loans | 132,823,218 |
Other Loans | 1,148,843,740 |
TOTAL LOANS | 2,027,389,320 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,379,979 |
Land And Building | 72,066,590 |
Other Fixed Assets | 11,427,408 |
NCUSIF Deposit | 13,529,052 |
All Other Assets | 281,400 |
TOTAL ASSETS | 2,440,593,100 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,771 |
Notes & Interest Payable | 368,858,195 |
Accounts Payable & Other Liabilities | 47,604,814 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 65,303,657 |
Regular shares | 589,819,757 |
All Other Shares & Deposits | 1,177,922,504 |
TOTAL SHARES & DEPOSITS | 1,833,045,918 |
TOTAL LIABILITIES | 2,249,512,698 |
Regular Reserve | 0 |
Other Reserves | 290,636 |
Undivided Earnings | 190,789,766 |
TOTAL EQUITY | 191,080,402 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,440,593,100 |
INCOME & EXPENSE | |
Loan Income | 99,249,082 |
Investment Income | 11,630,071 |
Other Income | 3,512,407 |
Total Employee Compensation & Benefits | 30,725,814 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 38,597,784 |
Non-operating Income & (Expense) | -46,315 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,154,510 |
Cost of Funds | 51,750,534 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,614,470 |
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