Sep, 30, 2025 — ADVENTURE CREDIT UNION is a federally insured state chartered credit union headquartered in GRAND RAPIDS, MI with 10 branch locations and about $627.65 million in total assets. Opened 90 years ago in 1936, ADVENTURE CREDIT UNION has about 43,596 members and employs 167 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ADVENTURE CREDIT UNION |
|---|---|
| Address: (Main Office) | 630 32nd St SE GRAND RAPIDS, MI 49548-2306 |
| Phone: | (616) 243-0125 |
| Fax: | (616) 514-1828 |
| Website: | https://www.adventurecu.org |
| Branches: | 10 branch locations |
| Members: | 43,596 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60936 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $627,649,735 |
| CEO/Manager: | Amanda M Garabedian |
| Chairperson: | Pete J Winninger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,226,933 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 271,840,419 |
| Unsecured Loans | 20,188,199 |
| Other Loans | 133,577,149 |
| TOTAL LOANS | 425,764,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,260,908 |
| Land And Building | 13,153,665 |
| Other Fixed Assets | 1,423,370 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,244,200 |
| All Other Assets | 0 |
| TOTAL ASSETS | 627,649,735 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 369,247 |
| Notes & Interest Payable | 5,929,989 |
| Accounts Payable & Other Liabilities | 5,445,654 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 112,824,142 |
| Regular shares | 182,482,048 |
| All Other Shares & Deposits | 247,170,831 |
| TOTAL SHARES & DEPOSITS | 542,477,020 |
| TOTAL LIABILITIES | 554,221,910 |
| Regular Reserve | 0 |
| Other Reserves | 9,281,536 |
| Undivided Earnings | 64,146,289 |
| TOTAL EQUITY | 73,427,825 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 627,649,735 |
| INCOME & EXPENSE | |
| Loan Income | 19,639,119 |
| Investment Income | 5,214,381 |
| Other Income | 2,657,446 |
| Total Employee Compensation & Benefits | 11,003,074 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 12,892,922 |
| Non-operating Income & (Expense) | 2,611,387 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,894,035 |
| Cost of Funds | 5,921,998 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,302,601 |
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