Sep, 30, 2025 — AVADIAN CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 19 branch locations and about $1.38 billion in total assets. Opened 92 years ago in 1934, AVADIAN CREDIT UNION has about 86,725 members and employs 274 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AVADIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Riverchase Pkwy S HOOVER, AL 35244-2008 |
| Phone: | (205) 985-2828 |
| Fax: | |
| Website: | https://www.avadiancu.com |
| Branches: | 19 branch locations |
| Members: | 86,725 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68583 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,377,835,914 |
| CEO/Manager: | Brant Malone |
| Chairperson: | Terry Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 64,671,685 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,826,179 |
| Real Estate Loans | 671,939,198 |
| Unsecured Loans | 44,400,598 |
| Other Loans | 404,937,187 |
| TOTAL LOANS | 1,126,332,367 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,300,041 |
| Land And Building | 29,652,486 |
| Other Fixed Assets | 5,277,800 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 11,772,698 |
| All Other Assets | 614,790 |
| TOTAL ASSETS | 1,377,835,914 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,745,130 |
| Notes & Interest Payable | 20,833,333 |
| Accounts Payable & Other Liabilities | -1,478,976 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 192,771,383 |
| Regular shares | 342,342,881 |
| All Other Shares & Deposits | 701,776,851 |
| TOTAL SHARES & DEPOSITS | 1,236,891,115 |
| TOTAL LIABILITIES | 1,259,990,602 |
| Regular Reserve | 0 |
| Other Reserves | -16,371,241 |
| Undivided Earnings | 134,216,553 |
| TOTAL EQUITY | 117,845,312 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,377,835,914 |
| INCOME & EXPENSE | |
| Loan Income | 51,948,585 |
| Investment Income | 4,349,566 |
| Other Income | 6,322,284 |
| Total Employee Compensation & Benefits | 21,453,059 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,340,659 |
| Non-operating Income & (Expense) | 499,123 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,927,104 |
| Cost of Funds | 20,344,638 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,589,553 |
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