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 |
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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 |
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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 |
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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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