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.
| 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 |
| 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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