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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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