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 367th largest credit union in the nation. It was established in 1934 and as of June of 2020, it had grown to 238 employees and 84,772 members at 18 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

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.

There Are Better Options

Save yourself some money and bank somewhere else. The amount of money they steal from their members under the premise of "fees" is absurd. Customer service is mediocre at best. And their technology (both for members and staff) is years behind other institutions.

Take Fee's For No Reason

Posted by: |

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.



Health Grade Components

NCUA #68583
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.1%
Annual Interest Income$16.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$985.3MM$820.2MM
LoansQ2 2020vs Q2 2019$600.5MM$589.7MM
DepositsQ2 2020vs Q2 2019$885.3MM$728.3MM
Equity CapitalQ2 2020vs Q2 2019$87.1MM$82.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$3.3MM$3.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$925.00K$1.6MM
Real Estate OwnedQ2 2020vs Q2 2019$1.7MM$2.3MM
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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
0.70%*$75k*-IRA Share
OTHER TIERS: 0.30% Up to $2.5k | 0.50% $2.5k - $25k | 0.55% $25k - $75k
0.25%$5-Health Savings Account
0.20%*$75k*-Savings Account
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $75k
0.20%*$75k*-Christmas Club
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $75k
0.20%*$75k*-Business Savings Accounts
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $75k
0.20%*$75k*-U Name It Savings
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $75k
0.20%*$75k*-Kids School Savings
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $75k
0.20%*$75k*-Edge Savings
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $75k

Avadian Credit Union Money Market Rates

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

1.15%$1k-60 Month CD
1.15%$1k-Business 60 Month CD
1.05%$1k-60 Month CD - Step Up
1.00%$1k-48 Month Rate Mover CD
0.95%$1k-48-59 Month CD
0.95%$1k-Business 48-59 Month CD
0.85%$1k-48-59 Month CD - Step Up
0.80%$1k-36-47 Month CD
0.80%$1k-Business 36-47 Month CD
0.70%$1k-36-47 Month CD - Step Up
0.55%$1k-24-35 Month CD
0.55%$1k-Business 24-35 Month CD
0.50%$1k-Business 12-17 Month CD
0.50%$1k-18 Month Rate Mover CD
0.50%$1k-12 Month CD Special
0.45%$1k-18-23 Month CD
0.45%$1k-24-35 Month CD - Step Up
0.45%$1k-Business 18-23 Month CD
0.40%$500-12 Month Save Up CD
0.35%$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

1.15%$1k-60 Month IRA
1.05%$1k-60 Month IRA - Step Up
1.00%$1k-48 Month Rate Mover IRA
0.95%$1k-48 - 59 Month IRA
0.85%$1k-48 - 59 Month IRA - Step Up
0.80%$1k-36 - 47 Month IRA
0.70%$1k-36 - 47 Month IRA - Step Up
0.55%$1k-24 - 35 Month IRA
0.50%$1k-18 Month Rate Mover IRA
0.50%$1k-12 Month IRA Special
0.45%$1k-18 - 23 Month IRA
0.45%$1k-24 - 35 Month IRA - Step Up
0.35%$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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