Academy Bank is headquartered in Kansas City and is the 18th largest bank in the state of Missouri. It is also the 480th largest bank in the nation. It was established in 1966 and as of June of 2021, it had grown to 564 employees at 82 locations. Academy Bank has a B+ health rating.
Finally A Customer Friendly Bank
I had heard good things about Academy Bank, but until recently most of their branches were in Walmart. I felt like I didnt shop at Walmart enough to have a bank account there, but their employees are so friendly and professional, always greeting me or telling me to have a nice day, I finally decided to talk to them. I told them upfront I wasn't interested in opening an account but said they deserved a compliment for their friendliness and professionalism. I made them a deal that I'd open an account if they ever opened a traditional branch, bc I like drive thrus. Well, just found they've opened 5 or so within the last year and apparently more are to come. I'm a man of my word, so I checked their branch on Shawnee mission parkway, and I was blown away. I like to support local and especially family owned businesses in KC, but I did not accept these guys to roll out technology like the big boys. The staff was just as friendly as those in Walmart, but I felt like I stepped into the future. They ATM's with video screens that allowed me to talk to a live teller. A concierge (yes, a bank concierge) walked me thru the process, gave me a tour, and I set up an account on the spot. They had all the nifty technology of the big banks but I still felt the family-owned presence. I've gone on too long,
Just check them out.
Love Academy!
We started a checking account with this bank a few years ago and have loved it ever since. It didn't have many if any fees, and that was good for us.
Academy bank decent local bank if you have bad credit
I had bad credit during / after the 2008 crisis. I had some overdrafts at other banks. I was able to get an account with Academy which I appreciate. Most other banks have a system which checks or blacklists you if that is the case. But Academy allowed me and others to get an account to move on up in life and finances. Their fees are too much however and since then I only use it to have my Aunt send me money every month. It is good if you live in the area and are blacklisted from some of the bigger banks which run a check on you. I think it is even called Chexsystem or something. The bank is located in some Walmarts in the Colorado area and that made it very convenient for me and others who visit Walmart from time to time.
Worst Bank Ever
Everything about this bank is a travesty. I haven't been able to access my account for 2 weeks. I am told they will escalate the problem, but it never happens. Today the geniuses at AB emailed me with a secure transmission that required me to SIGN INTO MY ACCOUNT, BUT I CAN'T BECAUSE THEY HAVE NOT FIXED MY ISSUE. Use any other bank but this one. They could care less about your problem so long as they can use your money to make money that's all they care about. The fees are ridiculous and you can't trust that they will do the right thing even with overdraft protection. I have had this account since 2014 and I am done. Please, please don't bother with this bank.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19600 |
| Year Established | 1966 |
| Employees | 564 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.55% |
| Return on Equity - YTD | 9.76% |
| Annual Interest Income | $42.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $2.23B$2.32B |
| Loans | Q2 2021vs Q2 2020 | $1.62B$1.72B |
| Deposits | Q2 2021vs Q2 2020 | $1.79B$1.99B |
| Equity Capital | Q2 2021vs Q2 2020 | $370.7MM$274.7MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $35.6MM$29.1MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $21.7MM$15.1MM |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$71.00K |
