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National Credit Union Service Organization

AVANTI FEDERAL CREDIT UNION

Mar, 31, 2021 — AVANTI FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, SD with 1 branch location and about $27.46 million in total assets. Opened 68 years ago in 1953, AVANTI FEDERAL CREDIT UNION has about 2,533 members and employs 5 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: 291480073
Name:AVANTI FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 534
WATERTOWN, SD 57201
Phone:(605) 882-2357
Fax:(605) 882-4520
Website:http://www.avantifcu.net
Branches:1 branch locations
Members:2,533
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$27,459,749
CEO/Manager:Judy Wolff
Chairperson:Todd West

Call Report

  • Commercial Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,844,704
TOTAL INVESTMENTS 10,275,397
Loans Held for Sale 0
 
 Real Estate Loans 2,963,251
 Unsecured Loans 1,254,355
 Other Loans 8,146,893
 TOTAL LOANS 12,364,499
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,964
 Land And Building 646,173
 Other Fixed Assets 2,126
 NCUSIF Deposit 181,803
 All Other Assets 221,011
  TOTAL ASSETS 27,459,749
LIABILITIES & CAPITAL:  
 Dividends Payable 13,010
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 35,164
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,798,706
 Regular shares 15,382,470
 All Other Shares & Deposits 6,801,185
  TOTAL SHARES & DEPOSITS 24,982,361
  TOTAL LIABILITIES 25,030,535
 Regular Reserve 437,234
 Other Reserves 83,603
 Undivided Earnings 1,908,377
  TOTAL EQUITY 2,429,214
  TOTAL LIABILITIES, SHARES, & EQUITY 27,459,749
INCOME & EXPENSE  
 Loan Income 162,493
 Investment Income 21,444
 Other Income 34,622
 Total Employee Compensation & Benefits 67,047
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 117,790
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,203
 Cost of Funds 31,183
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,038
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