Sep, 30, 2025 — AVANTI FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, SD with 1 branch location and about $32.01 million in total assets. Opened 73 years ago in 1953, AVANTI FEDERAL CREDIT UNION has about 2,987 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AVANTI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1620 4th St NE WATERTOWN, SD 57201-8604 |
| Phone: | (605) 882-2357 |
| Fax: | (605) 882-4520 |
| Website: | https://www.avantifcu.net |
| Branches: | 1 branch locations |
| Members: | 2,987 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8801 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jul 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,011,763 |
| CEO/Manager: | Austin L Petrik |
| Chairperson: | Todd West |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,234,809 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,060,023 |
| Unsecured Loans | 2,684,690 |
| Other Loans | 15,346,406 |
| TOTAL LOANS | 21,091,119 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,490 |
| Land And Building | 584,013 |
| Other Fixed Assets | 19,518 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 286,925 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,011,763 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 57,737 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 88,370 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,691,293 |
| Regular shares | 13,928,720 |
| All Other Shares & Deposits | 10,820,957 |
| TOTAL SHARES & DEPOSITS | 28,440,970 |
| TOTAL LIABILITIES | 28,587,077 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,424,686 |
| TOTAL EQUITY | 3,424,686 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,011,763 |
| INCOME & EXPENSE | |
| Loan Income | 1,163,103 |
| Investment Income | 287,506 |
| Other Income | 113,032 |
| Total Employee Compensation & Benefits | 291,083 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 514,741 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,961 |
| Cost of Funds | 391,375 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 337,034 |
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