Jun, 30, 2021 — ADVANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in DALLAS, TX with 12 branch locations and about $1.99 billion in total assets. Opened 84 years ago in 1937, ADVANCIAL FEDERAL CREDIT UNION has about 100,845 members and employs 236 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) | 1845 WOODALL RODGERS FWY STE 1300 DALLAS, TX 75201-2260 |
| Phone: | (800) 322-2709 |
| Fax: | (214) 880-9501 |
| Website: | http://www.advancial.org |
| Branches: | 12 branch locations |
| Members: | 100,845 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,988,052,495 |
| CEO/Manager: | Brent Sheffield |
| Chairperson: | Mike McKee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 454,626,782 |
| TOTAL INVESTMENTS | 19,050,528 |
| Loans Held for Sale | 6,188,350 |
| Real Estate Loans | 515,710,012 |
| Unsecured Loans | 73,342,713 |
| Other Loans | 835,094,493 |
| TOTAL LOANS | 1,424,147,218 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,323,944 |
| Land And Building | 12,348,418 |
| Other Fixed Assets | 18,756,522 |
| NCUSIF Deposit | 12,218,770 |
| All Other Assets | 48,039,851 |
| TOTAL ASSETS | 1,988,052,495 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 848 |
| Notes & Interest Payable | 40,078,000 |
| Accounts Payable & Other Liabilities | 23,011,063 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,557,758 |
| Regular shares | 611,543,502 |
| All Other Shares & Deposits | 1,091,468,807 |
| TOTAL SHARES & DEPOSITS | 1,758,570,067 |
| TOTAL LIABILITIES | 1,821,659,978 |
| Regular Reserve | 11,259,530 |
| Other Reserves | 401,757 |
| Undivided Earnings | 154,731,230 |
| TOTAL EQUITY | 166,392,517 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,988,052,495 |
| INCOME & EXPENSE | |
| Loan Income | 30,094,978 |
| Investment Income | 442,587 |
| Other Income | 886,351 |
| Total Employee Compensation & Benefits | 11,934,042 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,689,660 |
| Non-operating Income & (Expense) | -5,704 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,829,160 |
| Cost of Funds | 7,767,607 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,427,745 |
| ↑ Back to Top | |