Advancial


Overview / Commentary
972-201-1830
1845 Woodall Rodgers Fwy Ste 1300
Dallas, TX 75201

Advancial is headquartered in Dallas and is the 14th largest credit union in the state of Texas. It is also the 204th largest credit union in the nation. It was established in 1937 and as of June of 2021, it had grown to 232 employees and 100,845 members at 10 locations. Advancial's money market rates are 84% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Advancial is open to the following: 1) to those who live, work, worship, or attend school in the Louisiana Parishes of Acadia, Avoyelles, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, or Vermillion; 2) Employees of several SEGs (petroleum refining industry). (Membership requirements are listed on Advancial's application).
See current membership details

Related Posts

The Bad News For Advancial Customers..... - 10/1/2021

The jumbo money market has decreased to 0.81%

Advancial Hits 2.02% Apy - 10/1/2021

5 year jumbo at Advancial is now 2.00% with an apy 2.02%!

Advancial Boosts Long-Term Jumbo Certificate Rates - 9/9/2021

Advancial has boosted the rates on its 3-year, 4-year, and 5-year Jumbo Certificates by 8 bps, 10 bps, and 13 bps, respectively. Minimum deposit is $100k.

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Great credit union

I have been a member of the Advancial Credit Union for over 10 years. I have relied on this Credit Union for a variety of financial products. It all started with a small deposit into a money market account. I would occasionally deposit money into this account, and tried to keep up with it. Later, I began using their checking account and a CD. I love the people and the helpful service. They are a great credit union.

Good CD Rates, Lot Of Hassle

Posted by: |

This is a primitive credit union. No online money transfers/ACH permitted until account has aged. If want to receive monthly CD interest, it is via mailed check only. Initial deposit for CD is via check or wire only; linking external accounts not available. Opening a savings account is mandatory for a CD. Will have to visit a bank location to open an account. Ask all your questions while at the branch; is a 10-15 minute wait on hold to speak with someone on the phone. Few consistent answers between branch and phone representatives.

ADVANCIAL CREDIT UNION POLICY CHANGES

Advancial Credit Union offered a credit card which was the best I have ever seen. However, they did not let me (or anyone else) know of their policy changes which took place in the middle of a billing cycle.  I know they have the legal right to do this and whatever else I agreed to, but I believe they have the ethical obligation to give us a few day's warning. It would have been nice to have received an email explaining the changes a week or more before the changes took place.
Advancial's Visa Rewards Plus credit card offers 0% interest for one year on all purchases and balance transfers.  There is no balance transfer fee. The GREATEST benefit involved paying off the card.   I could make payments on this Visa card using another credit card or debit card!!!!  The restrictions on the payments were (A) The credit and debit cards used for payments could not be Visa cards.  (B) The maximum allowed per month to use credit and debit cards for payments was $10,000.  Needless to say, I paid off the card each month by first using many small (about $1) debit card payments to fulfill my Kasasa type requirements of having 10 debit card uses per month.  Then near the end of the month, I would use my CITI DOUBLE CASH credit card to pay the rest of the $10,000 allowed. So I paid off the $10,000 balance transfer in one month and got my Advancial credit card balance down to $0.  At that point, I could do another balance transfer with no fee and start the process over.  So each month I was making about $200 in cashback on my CITI Double Cash card by using it to pay off the $10,000 .  This could be done for a whole year. Note, I did not have to invest any money to make the $200 per month.  I think at the end of the year I could perhaps close the card and apply for another one and repeat this process.  I was also going to manage payments for friends and relatives after they opened the card.  Luckily, I never got to the point of having friends and relatives open the Advancial card. 

A couple of days ago I could no longer make payments on my Advancial card. New but undisclosed rules went into effect with no warning. These are : (A) no credit card payments are allowed at all  (B) Debit card payments have a maximum of 4 payments per month and a maximum total of $5000 per month. The golden goose died.

I would not recommend this credit union because they changed the rules without having the decency to let us know beforehand.  They may just change other rules too. If you want to take the chance, their credit card may still be worth getting today if you want a $20,000 "loan" interest-free for one year. (And you get $100 if you spend $500 in the 1st 90 days). Now I am planning to have my balance hover near my credit limit of $20,000 until the year is up and take advantage of the free loan. They may do what Alliant Credit Union did however and cancel your card without any reason.

Great CU So Far!

Posted by: |

Their process to open an account online is still a little cumbersome. After completing your application, they send you an email where you have to log into their secure email to get your account # and then use that to access your account. It's a small hassle. You also have to fund the account with a debit card for the $5 to open your share account. After that, you can open and fund a money market or CD account with money you ACH in from your other bank. It's nothing once you get the hand of it. CU are always a little different than banks because you are a shareholder, not just a customer.

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Health
B+

Health Grade Components

Overall
NCUA #2285
Year Chartered1937
Employees232
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD10.13%
Annual Interest Income$30.5MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.99B$1.74B
LoansQ2 2021vs Q2 2020$1.42B$1.36B
DepositsQ2 2021vs Q2 2020$1.76B$1.51B
Equity CapitalQ2 2021vs Q2 2020$166.4MM$151.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$7.3MM$6.7MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$10.3MM$10.0MM
Real Estate OwnedQ2 2021vs Q2 2020$0$126.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Advancial; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Advancial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$25-IRA Savings
0.10%$100-Savings
0.10%$5-Money Musketeers Savings
0.10%$100-Dinero Teens Savings
0.10%$100-Business Savings

Advancial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.81%$100k-Premium Money Market
0.21%*$50k*-Money Market Savings Accounts
OTHER TIERS: 0.11% $2.5k - $25k | 0.16% $25k - $50k
0.21%*$50k*-Business Money Market
OTHER TIERS: 0.11% $2.5k - $25k | 0.16% $25k - $50k

Advancial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Ultimate Checking
OTHER TIERS: 0.03% Up to $10k
0.10%*$10k*-Dinero Teens Checking
OTHER TIERS: 0.03% Up to $10k
0.03%--Business Rewards Checking

Advancial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$50k-5 Year Jumbo Certificate
2.02%$50k-Business 5 Year Jumbo Certificate
1.92%$25k$50k5 Year Junior Jumbo Certificate
1.92%$25k$50kBusiness 5 Year Junior Jumbo Certificate
1.81%$1k$25k5 Year Certificate
1.81%$1k$25kBusiness 5 Year Certificate
1.75%$50k-4 Year Jumbo Certificate
1.75%$50k-Business 4 Year Jumbo Certificate
1.65%$25k$50k4 Year Junior Jumbo Certificate
1.65%$25k$50kBusiness 4 Year Junior Jumbo Certificate
1.55%$1k$25k4 Year Certificate
1.55%$1k$25kBusiness 4 Year Certificate
1.54%$50k-3 Year Jumbo Certificate
1.54%$50k-Business 3 Year Jumbo Certificate
1.44%$25k$50k3 Year Junior Jumbo Certificate
1.44%$25k$50kBusiness 3 Year Junior Jumbo Certificate
1.34%$1k$25k3 Year Certificate
1.34%$1k$25kBusiness 3 Year Certificate
1.26%$50k-2 Year Jumbo Certificate
1.26%$50k-Business 2 Year Jumbo Certificate
1.16%$25k$50k2 Year Junior Jumbo Certificate
1.16%$25k$50kBusiness 2 Year Junior Jumbo Certificate
1.12%$50k-18 Month Jumbo Certificate
1.12%$50k-Business 18 Month Jumbo Certificate
1.06%$1k$25k2 Year Certificate
1.06%$1k$25kBusiness 2 Year Certificate
1.01%$25k$50k18 Month Junior Jumbo Certificate
1.01%$25k$50kBusiness 18 Month Junior Jumbo Certificate
0.97%$50k-1 Year Jumbo Certificate
0.97%$50k-Business 1 Year Jumbo Certificate
0.91%$1k$25k18 Month Certificate
0.91%$50k-6 Month Jumbo Certificate
0.91%$50k-Business 6 Month Jumbo Certificate
0.91%$1k$25kBusiness 18 Month Certificate
0.87%$25k$50k1 Year Junior Jumbo Certificate
0.87%$25k$50kBusiness 1 Year Junior Jumbo Certificate
0.81%$25k$50k6 Month Junior Jumbo Certificate
0.81%$50k-3 Month Jumbo Certificate
0.81%$50k-Business 3 Month Jumbo Certificate
0.81%$25k$50kBusiness 6 Month Junior Jumbo Certificate
0.77%$1k$25k1 Year Certificate
0.77%$1k$25kBusiness 1 Year Certificate
0.76%$100-Money Musketeers Starter Certificate
0.76%$250-Dinero Teens Starter Certificate
0.71%$1k$25k6 Month Certificate
0.71%$25k$50k3 Month Junior Jumbo Certificate
0.71%$25k$50kBusiness 3 Month Junior Jumbo Certificate
0.71%$1k$25kBusiness 6 Month Certificate
0.61%$1k$25k3 Month Certificate
0.61%$1k$25kBusiness 3 Month Certificate

Advancial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$50k-5 Year Jumbo IRA
1.92%$25k$50k5 Year Junior Jumbo IRA
1.81%$1k$25k5 Year IRA
1.75%$50k-4 Year Jumbo IRA
1.65%$25k$50k4 Year Junior Jumbo IRA
1.55%$1k$25k4 Year IRA
1.54%$50k-3 Year Jumbo IRA
1.44%$25k$50k3 Year Junior Jumbo IRA
1.34%$1k$25k3 Year IRA
1.26%$50k-2 Year Jumbo IRA
1.16%$25k$50k2 Year Junior Jumbo IRA
1.12%$50k-18 Month Jumbo IRA
1.06%$1k$25k2 Year IRA
1.01%$25k$50k18 Month Junior Jumbo IRA
0.97%$50k-1 Year Jumbo IRA
0.91%$50k-6 Month Jumbo IRA
0.91%$1k$25k18 Month IRA
0.87%$25k$50k1 Year Junior Jumbo IRA
0.81%$50k-3 Month Jumbo IRA
0.81%$25k$50k6 Month Junior Jumbo IRA
0.77%$1k$25k1 Year IRA
0.71%$25k$50k3 Month Junior Jumbo IRA
0.71%$1k$25k6 Month IRA
0.61%$1k$25k3 Month IRA
Locations


Cities: Allen, Anchorage, Dallas, Houston, Katy, Lafayette, Mesquite, Oklahoma City, Richardson

Allen Branches
Branch Office1259 W Exchange Pkwy Ste 100Allen, TX 75013

Anchorage Branches
Branch Office700 G St Ste 199Anchorage, AK 99501

Dallas Branches
Branch Office1845 Woodall Rodgers Fwy Ste 1300Dallas, TX 75201-2260

Houston Branches
Branch Office845 N Eldridge PkwyHouston, TX 77079

Katy Branches
Branch Office23525 Katy FwyKaty, TX 77494-1334

Lafayette Branches
Branch Office6154 Johnston StLafayette, LA 70503-5619
Branch Office306 E Kaliste Saloom RdLafayette, LA 70508

Mesquite Branches
Branch Office2151 N Belt Line RdMesquite, TX 75150

Oklahoma City Branches
Branch Office815 NW 58th StOklahoma City, OK 73118-5912

Richardson Branches
Branch Office710 W Renner Rd Ste 206Richardson, TX 75080

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