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 373rd largest credit union in the nation. It was established in 1934 and as of December of 2019, it had grown to 231 employees and 83,592 members at 18 locations. Avadian Credit Union's money market rates are 14% 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, 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

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

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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.

Take Fee's For No Reason

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My account had an available balance and they charged me an overdraft fee. This caused for other transactions to cause more overdraft fees. I have been going to the branch and calling for TWO days. I finally was able to talk to someone and they didn't refund me the fee's AND the branch manager Melissa Bruner was VERY rude and not understanding. Worse experience I have ever had with a bank/credit union.

71 Point Drop In My Credit Because Avadian Lack Of Due Diligence

Terrible service credit union. We jointly open a saving account when my son was 13 years old. He is now a student at Auburn, 21 years old. He choose to open a new account near Auburn because he wanted greater accessibility to his money. In short, there was an over draft on his Avadian account of $17.00. Avadian choose to try to collect via mail. With his work schedule at school he ignored his mail from Avadian because he thought they where bank statements and he never used this account anymore. My wife and I are jointly on this account. Rather then trying resolve the balance by contacting either my wife or myself, Avadian choose to write off the account. I want to reiterate that we had no idea that there was balance and we where never notified of the balance. In turn, a delinquency was register on all 3 credit reporters. As a result my credit ratings dropped 71 points. Avadian turned a deaf ear and was not willing to work with me to clear this off my credit report. Note: My son paid the balance and closed the account. Avadian admitted that they was never tried to contact either my wife or myself to resolve this issue, yet they choice to penalize my wife and myself through the credit bureaus. I am considering a class action suit and am surveying how many other patrons have had this same issue with Avadian? Does anyone know an attorney that specializes in this type of manner?



Health Grade Components

NCUA #68583
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD7.2%
Annual Interest Income$32.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$867.9MM$787.6MM
LoansQ4 2019vs Q4 2018$595.2MM$569.0MM
DepositsQ4 2019vs Q4 2018$775.7MM$702.8MM
Equity CapitalQ4 2019vs Q4 2018$84.2MM$80.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.0MM$3.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.5MM$3.4MM
Real Estate OwnedQ4 2019vs Q4 2018$1.7MM$210.00K
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* 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
1.10%*$75k*-IRA Share
OTHER TIERS: 0.60% Up to $2.5k | 0.80% $2.5k - $25k | 0.95% $25k - $75k
0.40%*$75k*-Savings Account
OTHER TIERS: 0.10% $100 - $2.5k | 0.15% $2.5k - $25k | 0.30% $25k - $75k
0.40%*$75k*-Christmas Club
OTHER TIERS: 0.10% $100 - $2.5k | 0.15% $2.5k - $25k | 0.30% $25k - $75k
0.40%*$75k*-Business Savings Accounts
OTHER TIERS: 0.10% $100 - $2.5k | 0.15% $2.5k - $25k | 0.30% $25k - $75k
0.40%*$75k*-U Name It Savings
OTHER TIERS: 0.10% $100 - $2.5k | 0.15% $2.5k - $25k | 0.30% $25k - $75k
0.40%*$75k*-Kids School Savings
OTHER TIERS: 0.10% $100 - $2.5k | 0.15% $2.5k - $25k | 0.30% $25k - $75k
0.40%*$75k*-Edge Savings
OTHER TIERS: 0.10% $100 - $2.5k | 0.15% $2.5k - $25k | 0.30% $25k - $75k
0.25%$5-Health Savings Account

Avadian Credit Union Money Market Rates

0.50%*$250k*-Premium Money Market
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k
0.40%*$100k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $10k | 0.15% $10k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k
0.40%*$100k*-Business Money Market
OTHER TIERS: 0.05% $2.5k - $10k | 0.15% $10k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k

Avadian Credit Union Checking Account Rates

0.05%$2.5k-Choice Checking with Interest
0.05%$2.5k-Business Choice Checking with Interest

Avadian Credit Union CD Rates

1.35%$1k-60 Month CD
1.35%$1k-Business 60 Month CD
1.25%$1k-60 Month CD - Step Up
1.20%$1k-48 Month Rate Mover CD
1.15%$1k-48-59 Month CD
1.15%$1k-Business 48-59 Month CD
1.05%$1k-48-59 Month CD - Step Up
1.00%$1k-36-47 Month CD
1.00%$1k-Business 36-47 Month CD
0.90%$1k-36-47 Month CD - Step Up
0.85%$1k-24-35 Month CD
0.85%$1k-Business 24-35 Month CD
0.80%$1k-Business 12-17 Month CD
0.80%$1k-18 Month Rate Mover CD
0.80%$1k-12 Month CD Special
0.75%$1k-18-23 Month CD
0.75%$1k-24-35 Month CD - Step Up
0.75%$1k-Business 18-23 Month CD
0.70%$500-12 Month Save Up CD
0.65%$1k-18-23 Month CD - Step Up
0.20%$1k-6-11 Month CD
0.20%$1k-Business 6-11 Month CD
0.10%$1k-3-5 Month CD
0.10%$1k-Business 3-5 Month CD

Avadian Credit Union IRA Rates

1.35%$1k-60 Month IRA
1.25%$1k-60 Month IRA - Step Up
1.20%$1k-48 Month Rate Mover IRA
1.15%$1k-48 - 59 Month IRA
1.05%$1k-48 - 59 Month IRA - Step Up
1.00%$1k-36 - 47 Month IRA
0.90%$1k-36 - 47 Month IRA - Step Up
0.85%$1k-24 - 35 Month IRA
0.80%$1k-18 Month Rate Mover IRA
0.80%$1k-12 Month IRA Special
0.75%$1k-18 - 23 Month IRA
0.75%$1k-24 - 35 Month IRA - Step Up
0.65%$1k-18 - 23 Month IRA - Step Up
0.20%$1k-6 - 11 Month IRA
0.10%$1k-3 - 5 Month IRA


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