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 375th largest credit union in the nation. It was established in 1934 and as of June of 2022, it had grown to 239 employees and 88,209 members at 17 locations. Avadian Credit Union 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

Related Posts

5-Year Rising Rate CD, 1.50% APY (Blended) - 11/27/2021

This is being advertised as a Black Friday Special, but nothing is mentioned about when it ends. The 5-year Rising Rate CD has a blended rate of 1.50% APY. Year 1: 0.98% Year 2: 1.24% Year 3: 1.49% Year 4: 1.74% Year 5: 2.00%

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.

Avadian Goes The Extra Mile

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Originally I had not left good reviews about this bank, but they have gone above and beyond to correct all issues. We have decided to remain at this bank because we have been here for a very long time and they have remedied everything. Thank you Avadian for coming through for us!

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.

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!



Health Grade Components

NCUA #68583
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD9.63%
Annual Interest Income$17.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.15B$1.08B
LoansQ2 2022vs Q2 2021$815.1MM$680.2MM
DepositsQ2 2022vs Q2 2021$1.03B$975.9MM
Equity CapitalQ2 2022vs Q2 2021$75.9MM$85.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.7MM$3.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$448.00K$616.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$1.1MM

Rates for Avadian Credit Union are currently being reviewed.



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