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

Avanti Federal Credit Union is headquartered in Watertown and is the 22nd largest credit union in the state of South Dakota. It is also the 3,312th largest credit union in the nation. It was established in 1953 and as of September of 2018, it had grown to 5 employees and 2,670 members at 1 location. Avanti Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Codington County, South Dakota.
See current membership details

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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 - YTD-0.24%
Return on Equity - YTD-2.32%
Annual Interest Income$531.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$20.9MM$18.7MM
LoansQ3 2018vs Q3 2017$11.4MM$10.2MM
DepositsQ3 2018vs Q3 2017$18.3MM$16.6MM
Equity CapitalQ3 2018vs Q3 2017$2.1MM$2.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$61.00K$36.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$52.00K$444.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates

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Locations


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

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