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National Credit Union Service Organization

AVADIAN CREDIT UNION

Sep, 30, 2022 — AVADIAN CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 19 branch locations and about $1.21 billion in total assets. Opened 89 years ago in 1934, AVADIAN CREDIT UNION has about 92,042 members and employs 260 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262087528
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:92,042
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,211,472,939
CEO/Manager:Linda Cencula
Chairperson:Terry Davis

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 52,008,888
TOTAL INVESTMENTS 0
Loans Held for Sale 410,240
 
 Real Estate Loans 439,963,560
 Unsecured Loans 30,495,123
 Other Loans 430,098,154
 TOTAL LOANS 901,806,419
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,720,813
 Land And Building 28,353,120
 Other Fixed Assets 6,409,359
 NCUSIF Deposit 9,293,971
 All Other Assets 397,245
  TOTAL ASSETS 1,211,472,939
LIABILITIES & CAPITAL:  
 Dividends Payable 536
 Notes & Interest Payable 23,142,857
 Accounts Payable & Other Liabilities 15,248,082
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 196,780,460
 Regular shares 403,618,491
 All Other Shares & Deposits 501,507,806
  TOTAL SHARES & DEPOSITS 1,101,906,757
  TOTAL LIABILITIES 1,140,298,232
 Regular Reserve 0
 Other Reserves 65,394,871
 Undivided Earnings 5,779,836
  TOTAL EQUITY 71,174,707
  TOTAL LIABILITIES, SHARES, & EQUITY 1,211,472,939
INCOME & EXPENSE  
 Loan Income 24,742,427
 Investment Income 2,917,617
 Other Income 4,969,276
 Total Employee Compensation & Benefits 16,699,314
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,160,735
 Non-operating Income & (Expense) 1,040,543
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 722,632
 Cost of Funds 3,491,918
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,769,836
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