Advancial is headquartered in Dallas and is the 13th largest credit union in the state of Texas. It is also the 193rd largest credit union in the nation. It was established in 1937 and as of December of 2019, it had grown to 220 employees and 93,634 members at 13 locations. Advancial has a B+ health rating.
Membership in Advancial is open to anyone by joining Connex for a $5 fee. Membership is also 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
I've been banking with Advancial for over 15 years. I was first drawn to Advancial by its amazing rates. They pay much higher returns on deposits than anything in the marketplace. I have come to really appreciate the personal service approach of this institution and have been pleasantly surprised at the dedication the institution has to new technology. I have been using the Advancial app and now use it exclusively for my banking. It is so feature rich and way ahead of the apps I have for B of A and Chase. I have shifted all my banking to Advancial and can't say enough good things about this 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.
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.
Horrible horrible. Will be closing out my accounts as soon as I cam for someone but if you need assistance after 5pm on a wk day ...forget it. They dont have a 1800 number that is answered on wkends either.
I login and am asked 6 security questions which i answered correctly and now I am locked out bc this stupid system and credit union online tells me I dont even know basic questions about myself that.
I dont care If I have to pay a lot more In fees. I'll be glad to after zero customer service
|Return on Assets - YTD||0.58%|
|Return on Equity - YTD||6.43%|
|Annual Interest Income||$67.0MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$1.63B$1.62B|
|Loans||Q4 2019vs Q4 2018||$1.30B$1.35B|
|Deposits||Q4 2019vs Q4 2018||$1.40B$1.34B|
|Equity Capital||Q4 2019vs Q4 2018||$147.7MM$138.3MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$7.3MM$8.2MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$10.8MM$10.1MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$706.00K$0|
Rates for Advancial are currently being reviewed.