Credit Unions Near Me
National Credit Union Service Organization

AVANTI FEDERAL CREDIT UNION

Dec, 31, 2023 — AVANTI FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, SD with 1 branch location and about $31.35 million in total assets. Opened 71 years ago in 1953, AVANTI FEDERAL CREDIT UNION has about 2,752 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)
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:2,752
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$31,347,397
CEO/Manager:Judy Wolff
Chairperson:Todd West

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,800,321
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,387,565
 Unsecured Loans 2,297,885
 Other Loans 15,535,287
 TOTAL LOANS 21,220,737
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -122,017
 Land And Building 600,434
 Other Fixed Assets 21,431
 NCUSIF Deposit 260,068
 All Other Assets 6,019
  TOTAL ASSETS 31,347,397
LIABILITIES & CAPITAL:  
 Dividends Payable 46,388
 Notes & Interest Payable 1,300,000
 Accounts Payable & Other Liabilities 47,631
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,574,066
 Regular shares 13,568,171
 All Other Shares & Deposits 10,065,040
  TOTAL SHARES & DEPOSITS 27,207,277
  TOTAL LIABILITIES 28,601,296
 Regular Reserve 0
 Other Reserves 83,603
 Undivided Earnings 2,662,498
  TOTAL EQUITY 2,746,101
  TOTAL LIABILITIES, SHARES, & EQUITY 31,347,397
INCOME & EXPENSE  
 Loan Income 1,207,447
 Investment Income 105,676
 Other Income 157,014
 Total Employee Compensation & Benefits 314,115
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 647,670
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,153
 Cost of Funds 376,137
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 140,411
↑ Back to Top

Other Credit Unions

SISSETON-WAHPETON FEDERAL CREDIT UNION
45665 Veterans Memorial Dr
AGENCY VILLAGE, SD 57262
HB TELCO FEDERAL CREDIT UNION
375 3rd St SW
HURON, SD 57350-1945
DAKOTA RAIL LINE FEDERAL CREDIT UNION
270 4th St NE
HURON, SD 57350-1614
SIOUX VALLEY COOP FEDERAL CREDIT UNION
712 9th Ave SE
WATERTOWN, SD 57201-5222
COTEAU VALLEY FEDERAL CREDIT UNION
212 W Hickory St
SISSETON, SD 57262-1826
M O FEDERAL CREDIT UNION
1730 Dakota Ave S
HURON, SD 57350
HURON AREA EDUCATION FEDERAL CREDIT UNION
1855 Arizona Ave SW
HURON, SD 57350-6582
EAST RIVER FEDERAL CREDIT UNION
220 S Harth Ave
MADISON, SD 57042-2916
FIRST CENTURY FEDERAL CREDIT UNION
PO BOX 85310
SIOUX FALLS, SD 57118
PALACE CITY FEDERAL CREDIT UNION
720 W Havens Ave
MITCHELL, SD 57301