Avadian Credit Union


Overview / Commentary
205-985-2828
1 Riverchase Pkwy S
Hoover, AL 35244

Avadian Credit Union is headquartered in Hoover and is the 8th largest credit union in the state of Alabama. It is also the 367th largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 253 employees and 92,042 members at 17 locations. Avadian Credit Union's money market rates are 7X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Avadian Credit Union is open to those who live, work, attend school or worship in 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, Pike, Randolph, Shelby, St. Clair, Talladega, Tuscaloosa, Walker, or Winston Counties in Alabama. 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!!

Posted by: |

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

Posted by: |

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.

Horrible Place To Do Banking Business! 0Stars

What a horrible place to do banking.
I had a car loan, credit card, checking and savings with this company for about 3 years. I would advise everyone to stay far far away. If I could give zero stars I would.
Keep looking this isn’t the place to trust financially.
They doubled my car loan payments 3 times for cpi insurance when I never had a gap in coverage. Then locked my checking account because I had direct deposit and would not unlocked it until they had stolen all of the money they claimed I owed. Finally I terminated all business dealings with them. If this has happened to anyone else I have documented proof and I’m willing to join in on any class action lawsuits. Contact me.
Be blessed!

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Health

Health Grade Components

Overall
NCUA #68583
Year Chartered1934
Employees253
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD10.81%
Annual Interest Income$27.7MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.21B$1.10B
LoansQ3 2022vs Q3 2021$901.8MM$705.3MM
DepositsQ3 2022vs Q3 2021$1.10B$985.8MM
Equity CapitalQ3 2022vs Q3 2021$71.2MM$86.7MM
Loan Loss AllowanceQ3 2022vs Q3 2021$2.7MM$3.6MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.8MM$774.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$861.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Avadian Credit Union; 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.

Avadian Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%--Centsible Savings
0.70%*$75k*-IRA Share
OTHER TIERS: 0.20% Up to $2.5k | 0.40% $2.5k - $25k | 0.50% $25k - $75k
0.25%--Health Savings Account
0.25%*$75k*-Savings Account
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.20% $25k - $75k
0.25%*$75k*-Business Savings Accounts
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.20% $25k - $75k

Avadian Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-Premium Money Market
OTHER TIERS: 0.30% Up to $10k | 0.45% $10k - $25k | 1.00% $25k - $100k
0.75%*$100k*-Business Money Market
OTHER TIERS: 0.30% $2.5k - $10k | 0.45% $10k - $25k | 0.50% $25k - $50k | 0.65% $50k - $100k
0.50%*$100k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $25k | 0.10% $25k - $50k | 0.35% $50k - $100k

Avadian Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2.5k-Choice Checking with Interest
0.05%$2.5k-Business Choice Checking with Interest

Avadian Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.73%$10k-23 Month Regular CD Special - 50% New Money
4.73%$10k-Business 23 Month Regular CD Special - 50% New Money
4.50%$100k-15 Month Jumbo CD Special
4.50%$100k-Business 15 Month Jumbo CD Special
4.50%$10k-23 Month Regular CD Special
4.00%$1k-15 Month Regular CD Special
4.00%$10k-Business 15 Month Regular CD
3.75%$1k-36 Month CD
3.75%$1k-Business 36-47 Month CD
2.50%$1k-60 Month CD
2.50%$1k-Business 60 Month CD Special
2.15%$1k-60 Month CD - Step Up
1.95%$1k-48 Month CD
1.95%$1k-Business 48-59 Month CD
1.75%$1k-24 Month CD
1.75%$1k-Business 24-35 Month CD
1.65%$1k-12 Month CD
1.65%$1k-Business 12-17 Month CD
1.60%$1k-18 Month CD
1.60%$1k-48 Month CD - Step Up
1.60%$1k-Business 18-23 Month CD
1.50%$1k-36 Month CD - Step Up
1.40%$1k-24 Month CD - Step Up
1.25%$1k-18 Month CD - Step Up
0.65%$500-12 Month Save Up CD
0.10%$1k-6 Month CD
0.10%$1k-Business 6-11 Month CD

Avadian Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$1k-36 Month IRA
2.50%$1k-60 Month IRA
1.95%$1k-48 Month IRA
1.75%$1k-24 Month IRA
1.65%$1k-12 Month IRA
1.60%$1k-18 Month IRA
0.10%$1k-6 Month IRA
Locations

Availability



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