Mar, 31, 2022 — ADVIA CREDIT UNION is a federally insured state chartered credit union headquartered in KALAMAZOO, MI with 28 branch locations and about $2.73 billion in total assets. Opened 87 years ago in 1935, ADVIA CREDIT UNION has about 191,088 members and employs 528 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ADVIA CREDIT UNION |
|---|---|
| Address: (Main Office) | 6400 W Main St KALAMAZOO, MI 49009-8925 |
| Phone: | (844) 238-4228 |
| Fax: | |
| Website: | http://www.adviacu.org |
| Branches: | 28 branch locations |
| Members: | 191,088 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61503 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,734,394,194 |
| CEO/Manager: | Cheryl DeBoer |
| Chairperson: | Nicole Kalmbach |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 164,417,037 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 545,659 |
| Real Estate Loans | 1,116,180,402 |
| Unsecured Loans | 110,638,419 |
| Other Loans | 749,126,317 |
| TOTAL LOANS | 1,977,341,448 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,264,951 |
| Land And Building | 60,031,659 |
| Other Fixed Assets | 11,491,611 |
| NCUSIF Deposit | 20,147,253 |
| All Other Assets | 1,214,440 |
| TOTAL ASSETS | 2,734,394,194 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 616 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 30,913,217 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 551,571,993 |
| Regular shares | 549,926,249 |
| All Other Shares & Deposits | 1,349,622,690 |
| TOTAL SHARES & DEPOSITS | 2,451,120,932 |
| TOTAL LIABILITIES | 2,502,034,765 |
| Regular Reserve | 0 |
| Other Reserves | 22,630,792 |
| Undivided Earnings | 209,728,637 |
| TOTAL EQUITY | 232,359,429 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,734,394,194 |
| INCOME & EXPENSE | |
| Loan Income | 18,522,504 |
| Investment Income | 1,525,432 |
| Other Income | 2,947,197 |
| Total Employee Compensation & Benefits | 10,396,725 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,792,041 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,925,605 |
| Cost of Funds | 2,830,424 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,754,523 |
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