Dec, 31, 2023 — ADVANTIS CREDIT UNION is a federally insured state chartered credit union headquartered in OREGON CITY, OR with 9 branch locations and about $1.95 billion in total assets. Opened 96 years ago in 1928, ADVANTIS CREDIT UNION has about 88,620 members and employs 299 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ADVANTIS CREDIT UNION |
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Address: (Main Office) | 14405 Meyers Rd OREGON CITY, OR 97045 |
Phone: | (503) 785-2528 |
Fax: | |
Website: | https://www.advantiscu.org |
Branches: | 9 branch locations |
Members: | 88,620 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62659 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1928 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,954,971,752 |
CEO/Manager: | Jason Werts |
Chairperson: | Tarun Gudz |
ASSETS: | $ Amount |
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Cash & Equivalents | 331,887,811 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 577,437,924 |
Unsecured Loans | 63,738,723 |
Other Loans | 690,762,608 |
TOTAL LOANS | 1,331,939,254 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,471,956 |
Land And Building | 47,748,689 |
Other Fixed Assets | 6,220,668 |
NCUSIF Deposit | 15,263,710 |
All Other Assets | 708,822 |
TOTAL ASSETS | 1,954,971,752 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 15,000,000 |
Accounts Payable & Other Liabilities | 20,304,019 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 449,473,330 |
Regular shares | 317,554,119 |
All Other Shares & Deposits | 935,260,845 |
TOTAL SHARES & DEPOSITS | 1,702,288,294 |
TOTAL LIABILITIES | 1,737,782,313 |
Regular Reserve | 0 |
Other Reserves | -660,437 |
Undivided Earnings | 217,849,876 |
TOTAL EQUITY | 217,189,439 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,954,971,752 |
INCOME & EXPENSE | |
Loan Income | 66,866,373 |
Investment Income | 20,895,452 |
Other Income | 4,100,063 |
Total Employee Compensation & Benefits | 33,962,927 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 29,501,926 |
Non-operating Income & (Expense) | -39,528 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,052,790 |
Cost of Funds | 25,793,196 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,919,267 |
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