Dec, 31, 2023 — ADVIA CREDIT UNION is a federally insured state chartered credit union headquartered in KALAMAZOO, MI with 28 branch locations and about $2.99 billion in total assets. Opened 89 years ago in 1935, ADVIA CREDIT UNION has about 193,172 members and employs 555 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 49009-9255 |
| Phone: | (844) 238-4228 |
| Fax: | |
| Website: | https://www.adviacu.org |
| Branches: | 28 branch locations |
| Members: | 193,172 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,987,053,945 |
| CEO/Manager: | Jeff Fielder |
| Chairperson: | Nicole Kalmbach |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 164,235,306 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,213,565 |
| Real Estate Loans | 1,349,910,803 |
| Unsecured Loans | 120,842,772 |
| Other Loans | 838,972,713 |
| TOTAL LOANS | 2,310,999,072 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,219,725 |
| Land And Building | 57,745,124 |
| Other Fixed Assets | 13,930,397 |
| NCUSIF Deposit | 21,966,846 |
| All Other Assets | 640,004 |
| TOTAL ASSETS | 2,987,053,945 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 217,641 |
| Notes & Interest Payable | 157,000,000 |
| Accounts Payable & Other Liabilities | 33,720,885 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,000,000 |
| Share Drafts | 536,372,011 |
| Regular shares | 493,083,681 |
| All Other Shares & Deposits | 1,495,004,495 |
| TOTAL SHARES & DEPOSITS | 2,524,460,186 |
| TOTAL LIABILITIES | 2,718,958,533 |
| Regular Reserve | 0 |
| Other Reserves | 15,848,295 |
| Undivided Earnings | 252,247,117 |
| TOTAL EQUITY | 268,095,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,987,053,945 |
| INCOME & EXPENSE | |
| Loan Income | 110,922,933 |
| Investment Income | 34,043,410 |
| Other Income | 12,897,459 |
| Total Employee Compensation & Benefits | 42,434,245 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 44,602,372 |
| Non-operating Income & (Expense) | 2,422,827 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,727,140 |
| Cost of Funds | 64,849,254 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 34,985,643 |
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