Avanti Federal Credit Union


Overview / Commentary
605-882-2357
1620 4th St NE
Watertown, SD 57201-8604

Avanti Federal Credit Union is headquartered in Watertown and is the 24th largest credit union in the state of South Dakota. It is also the 3,233rd largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 5 employees and 2,593 members at 1 location. Avanti Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Avanti Federal Credit Union offers membership to businesses or other legal entities and those who live, work, worship, or go to school in the South Dakota counties of Clark, Codington, Deuel, Grant, or Hamlin.
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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Avanti Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #8801
Year Chartered1953
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD5.28%
Annual Interest Income$434.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$23.7MM$21.9MM
LoansQ2 2020vs Q2 2019$13.4MM$13.5MM
DepositsQ2 2020vs Q2 2019$21.3MM$18.7MM
Equity CapitalQ2 2020vs Q2 2019$2.4MM$2.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$88.00K$65.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$28.00K$112.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Avanti Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--Kids 18 and under
0.75%--Christmas Club Account
0.25%$25-Regular Share Savings Account

Avanti Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$25k*-Money Market
OTHER TIERS: 0.25% $10k - $50k

Avanti Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$2.5k-60 Month CD
1.10%$2.5k-36 Month CD
1.05%$2.5k-48 Month CD
0.85%$2.5k-24 Month CD
0.60%$2.5k-18 Month CD
0.55%$2.5k-12 Month CD
0.45%$2.5k-6 Month CD
Locations


Avanti Federal Credit Union Locations
Branch Office1620 4th St NEWatertown, SD 57201-8604

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