Avadian Credit Union is headquartered in Hoover and is the 8th largest credit union in the state of Alabama. It is also the 345th largest credit union in the nation. It was established in 1934 and as of December of 2023, it had grown to 263 employees and 94,717 members at 18 locations. Avadian Credit Union's money market rates are 9X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Avadian Credit Union is open to those who live, work, worship, or attend school or in the Alabama counties of Autauga, Baldwin, Blount, Calhoun, Cherokee, Coffee, Colbert, Cullman, Dallas, DeKalb, Elmore, Etowah, Fayette, Franklin, Geneva, Houston, Jackson, Jefferson, Lamar, Lauderdale, Lawrence, Lee, Limestone, Madison, Marion, Marshall, Mobile, Montgomery, Morgan, Pickens, Pike, Randolph, Shelby, St. Clair, Talladega, Tuscaloosa, Walker, or Winston. Membership is also open to employees of Charter Communications, Gulf Telephone Company, and over 200 statewide Select Employer Groups.
See current membership details
VERY PLEASED
We have had accounts with Telco/Avadian for MANY years. They put a branch in our community a few years ago which made it much more convenient to use on a regular basis.
Because I couldn't go due to illness, one of the employees volunteered to personally go to a nearby bank to pick up a check needed to complete a transaction for me.
I have not had any bad experiences with them.
Avadian Rocks!!
We have used Avadian/Alabama Telco for a veryyyyy long time. Amazing team - love everything about this bank. When I ever have any issues they are very quick in helping us to figure it out.
Montgomery Location Is Inconvenient
I have been banking with Alabama Telco for years, originally opening my account in Trussville, north of Birmingham. I was pleased with my service in the Trussville location. They had a sign in the drive-through requesting customers to have their deposits ready when using drive-through services. Since moving to Montgomery, I have had to use the Atlanta Highway location. It is inconveniently located, and the drive-through takes forever. Customers sit in their car and fill out their deposit slips while at the window, and there is usually only one window open. Needless to say, I wish I could take my business elsewhere, but let's face it all the larger banks are unfriendly (I have done business with Regions and Compass). The drive-through is definitely not an express service.
Racist Bank
Avadian Gardendale Branch Manager ***Karen*** was very rude and racist towards me management basically cosigned with this clown. THERE BANK practices are not all set up for people of color do not go here if you are black. MANAGEMENT HAS YET TO respond to situation regarding her on 12.15.23 she basically profile regarding loans and day to day services she needs to be fired asap
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68583 |
| Year Chartered | 1934 |
| Employees | 263 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 7.9% |
| Annual Interest Income | $58.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $1.35B$1.25B |
| Loans | Q4 2023vs Q4 2022 | $1.04B$942.1MM |
| Deposits | Q4 2023vs Q4 2022 | $1.22B$1.12B |
| Equity Capital | Q4 2023vs Q4 2022 | $91.9MM$75.2MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $3.6MM$3.2MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $3.2MM$2.4MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |
