Dec, 31, 2021 — ADVANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in DALLAS, TX with 12 branch locations and about $2.16 billion in total assets. Opened 85 years ago in 1937, ADVANCIAL FEDERAL CREDIT UNION has about 102,436 members and employs 239 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: | 102,436 |
| 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: | $2,161,196,039 |
| CEO/Manager: | Brent Sheffield |
| Chairperson: | Mike McKee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 627,461,881 |
| TOTAL INVESTMENTS | 20,394,703 |
| Loans Held for Sale | 3,443,650 |
| Real Estate Loans | 472,643,495 |
| Unsecured Loans | 80,669,596 |
| Other Loans | 807,749,753 |
| TOTAL LOANS | 1,361,062,844 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,034,248 |
| Land And Building | 71,693,144 |
| Other Fixed Assets | 21,376,416 |
| NCUSIF Deposit | 13,198,401 |
| All Other Assets | 49,599,248 |
| TOTAL ASSETS | 2,161,196,039 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 610 |
| Notes & Interest Payable | 63,479,667 |
| Accounts Payable & Other Liabilities | 28,253,778 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,898,436 |
| Regular shares | 643,350,235 |
| All Other Shares & Deposits | 1,191,601,373 |
| TOTAL SHARES & DEPOSITS | 1,897,850,044 |
| TOTAL LIABILITIES | 1,989,584,099 |
| Regular Reserve | 11,259,530 |
| Other Reserves | 369,657 |
| Undivided Earnings | 159,982,753 |
| TOTAL EQUITY | 171,611,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,161,196,039 |
| INCOME & EXPENSE | |
| Loan Income | 60,026,507 |
| Investment Income | 1,265,562 |
| Other Income | 1,846,015 |
| Total Employee Compensation & Benefits | 24,202,128 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,644,907 |
| Non-operating Income & (Expense) | -5,704 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,847,282 |
| Cost of Funds | 16,482,746 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,272,131 |
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