Avadian Credit Union

Overview / Commentary
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 383rd largest credit union in the nation. It was established in 1934 and as of December of 2018, it had grown to 227 employees and 81,466 members at 18 locations. Avadian Credit Union's money market rates are 82% higher than 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, Geneva, Houston, Jackson, Jefferson, Lauderdale, Lawrence, Lee, Limestone, Madison, Marion, Marshall, Mobile, 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

Greate Except For Holding Funds

Typical credit union for the most part. Friendly service in the one Madison County location.

My only complaint is that check deposits have a 2-day hold for amounts over $200. I also had a $15,000 check subject to a 7-day hold. (Not sure what the threshold is for the longer holding). Direct deposits and paychecks are not subject to holding.

I understand a need for this at some level, but I've had the account for more than a year with dozens of paper check deposits and not a single one has bounced. The tellers keep telling me that the holding will eventually stop but they can't tell me when.

Montgomery Location Is Inconvenient

Posted by: duncan | May 15, 2013

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.



Worst Credit Union Ever...

Posted by: adams484 | Mar 16, 2018

I started out with them when they were ALTELCO and it was difficult to deal with since Avadian it has gotten worst. They act like it is a privilege to keep your money in their bank. Take your hat off and stand against the wall while we frisk you before you can enter. They treat their customer like criminals no matter how many years you are with them.



Health Grade Components

NCUA #68583
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.26%
Annual Interest Income$29.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$787.6MM$747.4MM
LoansQ4 2018vs Q4 2017$569.0MM$500.6MM
DepositsQ4 2018vs Q4 2017$702.8MM$667.7MM
Equity CapitalQ4 2018vs Q4 2017$80.6MM$73.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.4MM$3.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$3.4MM$2.3MM
Real Estate OwnedQ4 2018vs Q4 2017$210.00K$918.00K
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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

5.00%--Centsible Savings
1.20%*$75k*-Christmas Club
OTHER TIERS: 0.70% $100 - $2.5k | 0.90% $2.5k - $25k | 1.05% $25k - $75k
1.20%*$75k*-IRA Share
OTHER TIERS: 0.70% Up to $2.5k | 0.90% $2.5k - $25k | 1.05% $25k - $75k
0.50%$5-Health Savings Account
0.50%*$75k*-Savings Account
OTHER TIERS: 0.15% $100 - $2.5k | 0.20% $2.5k - $25k | 0.40% $25k - $75k
0.50%*$75k*-Business Savings Accounts
OTHER TIERS: 0.15% $100 - $2.5k | 0.20% $2.5k - $25k | 0.40% $25k - $75k

Avadian Credit Union Money Market Rates

0.80%*$100k*-Premium Money Market
OTHER TIERS: 0.30% Up to $10k | 0.45% $10k - $25k | 0.55% $25k - $50k | 0.75% $50k - $100k
0.60%*$100k*-Money Market Account
OTHER TIERS: 0.20% $2.5k - $10k | 0.30% $10k - $25k | 0.40% $25k - $50k | 0.50% $50k - $100k
0.60%*$100k*-Business Money Market
OTHER TIERS: 0.20% $2.5k - $10k | 0.30% $10k - $25k | 0.40% $25k - $50k | 0.50% $50k - $100k

Avadian Credit Union Checking Account Rates

0.15%$2.5k-Choice Checking with Interest
0.15%$2.5k-Business Choice Checking with Interest

Avadian Credit Union CD Rates

2.75%$1k-58 Month CD Special
2.65%$1k-21 Month CD Special - New Money
2.55%$1k-60 Month CD
2.55%$1k-Business 60 Month CD
2.50%$1k-48 Month Rate Mover CD
2.30%$1k-60 Month CD - Step Up
2.20%$1k-13 Month CD Special - New Money
2.10%$1k-48-59 Month CD
2.10%$1k-Business 48-59 Month CD
2.00%$1k-36-47 Month CD
2.00%$1k-Business 36-47 Month CD
2.00%$1k-18 Month Rate Mover CD
1.85%$1k-48-59 Month CD - Step Up
1.75%$1k-24-35 Month CD
1.75%$1k-36-47 Month CD - Step Up
1.75%$1k-Business 24-35 Month CD
1.65%$1k-18-23 Month CD
1.65%$1k-24-35 Month CD - Step Up
1.65%$1k-Business 18-23 Month CD
1.55%$1k-18-23 Month CD - Step Up
1.50%$1k-12-17 Month CD
1.50%$1k-Business 12-17 Month CD
1.40%$500-12 Month Save Up CD
0.60%$1k-6-11 Month CD
0.60%$1k-Business 6-11 Month CD
0.25%$1k-3-5 Month CD
0.25%$1k-Business 3-5 Month CD

Avadian Credit Union IRA Rates

2.75%$1k-58 Month IRA Special
2.70%$1k-40 Month IRA Special
2.65%$1k-21 Month IRA Special - New Money
2.55%$1k-60 Month IRA
2.50%$1k-48 Month Rate Mover IRA
2.30%$1k-60 Month IRA - Step Up
2.20%--13 Month IRA Special - New Money
2.10%$1k-48 - 59 Month IRA
2.00%$1k-36 - 47 Month IRA
2.00%$1k-18 Month Rate Mover IRA
1.85%$1k-48 - 59 Month IRA - Step Up
1.75%$1k-24 - 35 Month IRA
1.75%$1k-36 - 47 Month IRA - Step Up
1.65%$1k-18 - 23 Month IRA
1.65%$1k-24 - 35 Month IRA - Step Up
1.55%$1k-18 - 23 Month IRA - Step Up
1.50%$1k-12 - 17 Month IRA
0.60%$1k-6 - 11 Month IRA
0.25%$1k-3 - 5 Month IRA


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