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!!
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
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!
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68583 |
| Year Chartered | 1934 |
| Employees | 253 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 10.81% |
| Annual Interest Income | $27.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $1.21B$1.10B |
| Loans | Q3 2022vs Q3 2021 | $901.8MM$705.3MM |
| Deposits | Q3 2022vs Q3 2021 | $1.10B$985.8MM |
| Equity Capital | Q3 2022vs Q3 2021 | $71.2MM$86.7MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $2.7MM$3.6MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.8MM$774.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$861.00K |
