Avadian Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Avadian Credit Union is a 501(c)(14) organization based in Hoover, Alabama, registered in 1971, with $89,963,312 in FY2024 revenue. CharityIndex grades it A.
1 Riverchase Pkwy S, Hoover, AL, 35244 EIN 63-0207315 Since 1971
Revenue (FY2024)
$90.0M
▲ 17.0% vs prior year
Expenses (FY2024)
$85.3M
Net assets
$103.1M
Employees
340
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Avadian Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Avadian Credit Union: 15 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Avadian Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Avadian Credit Union: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide thrift opportunities and low cost loans to members
Contact & location
Financial trends
Revenue grew from $32.0M (FY2013) to $90.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3BNet assets $103.1M
Operating margin
5.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$1.3B
Net assets
$103.1M
Salaries & benefits
$26.4M
31% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $89,963,312▲17.0% | $85,268,656▲21.9% | $103,129,331▲10.8% | $1,391,962,865▲2.9% | 990 |
| 2023 | $76,914,615▲36.5% | $69,931,799▲41.1% | $93,100,646▲15.3% | $1,352,204,641▲8.2% | 990 |
| 2022 | $56,357,889▲10.6% | $49,571,185▲14.0% | $80,745,667▼7.4% | $1,250,063,338▲12.9% | 990 |
| 2021 | $50,956,352▼0.3% | $43,481,121▼8.7% | $87,154,251▲2.5% | $1,107,599,442▲7.4% | 990 |
| 2020 | $51,125,646▲4.7% | $47,611,005▲8.1% | $85,017,196▲2.6% | $1,031,231,296▲19.2% | 990 |
| 2019 | $48,838,263▲7.4% | $44,033,470▲14.7% | $82,882,561▲7.6% | $864,803,155▲10.1% | 990 |
| 2018 | $45,493,826▲8.0% | $38,394,895▲0.5% | $77,055,210▲3.5% | $785,422,344▲5.3% | 990 |
| 2017 | $42,131,227▲7.7% | $38,200,511▲6.7% | $74,465,505▲5.8% | $745,748,118▲2.0% | 990 |
| 2016 | $39,108,253▲18.3% | $35,812,853▲20.9% | $70,360,686▲2.6% | $730,885,581▲18.2% | 990 |
| 2015 | $33,048,216▲1.7% | $29,614,672▲1.1% | $68,604,877▲4.1% | $618,353,010▲2.6% | 990 |
| 2014 | $32,489,482▲1.4% | $29,291,623▲3.5% | $65,884,680▲3.2% | $602,474,262▲0.6% | 990 |
| 2013 | $32,044,415 | $28,310,961▼0.7% | $63,841,189▲6.5% | $599,008,780▲0.6% | 990 |
| 2012 | — | $28,511,246▼4.9% | $59,943,025▲7.4% | $595,515,946▲2.9% | 990 |
| 2011 | — | $29,965,437▼1.7% | $55,798,990▲4.7% | $578,574,362▲10.0% | 990 |
| 2010 | — | $30,472,308 | $53,285,361 | $525,983,456 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Linda Cencula — $481,269 (0.56% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Linda Cencula | Ceo | 48 | $481,269 |
| James Dismukes | Afs Program Manager | 48 | $318,939 |
| William R Chancellor | Chief Lending Officer | 48 | $250,510 |
| Adrienne Breckenridge | Chief Financial Officer | 48 | $248,703 |
| Parker Steele | Chief Legal & Compliance O | 48 | $245,630 |
| Eric Ham | Chief Information Officer | 48 | $243,913 |
| Donnamarie Tyler | Senior Vp of Deposits and | 48 | $218,575 |
| Steven Thrasher | Assistant Vp Mortgage Lend | 48 | $211,516 |
| Gayla Kuykendall | Sr Vice President Operatio | 48 | $208,866 |
| Jeffrey Skipper | Senior Vp of Marketing & D | 48 | $207,523 |
| Jeremy Malone | President/chief Executive Officer | 48 | $190,515 |
| Brandon Watkins | Vp Card Services and Payme | 48 | $188,905 |
| Larry Uptain | Commercial Loan Manager | 48 | $178,331 |
| Randall Phillips | Vp Commercial Credit | 48 | $174,623 |
| Bill Hilyer | Director | 1 | — |
| Brenda Welborn | Vice Chairman | 1 | — |
| Brian Wilson | Director | 1 | — |
| Cindy Killen | Director | 1 | — |
| Deborah Given | Treasurer | 1 | — |
| Keith Milling | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jack Henry & Associates Inc | Data Processor | $849,028 |
| Glory Global Solutions Inc | Atm Services | $711,335 |
| Seay Construction Inc | Contractor | $670,898 |
| Cennox Reactive Field Services | Atm Services | $592,893 |
| Q2 Software Inc | Digital Banking Solution | $446,647 |
Grants made · $67K in FY2024
3 grants totaling $67K in FY2024. All grants made by Avadian Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Avadian Foundation | General support | $34,500 |
| United Way of Central Alabama Inc | General support | $25,000 |
| Holy Family Cristo Rey Catholic High School | General support | $7,000 |
Frequently asked questions
- Is Avadian Credit Union a legitimate nonprofit?
- Yes. Avadian Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 63-0207315, based in Hoover, Alabama.
- What is Avadian Credit Union's EIN?
- Avadian Credit Union's Employer Identification Number (EIN) is 63-0207315.
- How much revenue does Avadian Credit Union report?
- Avadian Credit Union reported $89,963,312 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Avadian Credit Union have?
- CharityIndex grades Avadian Credit Union A, based on financial health (reserves and operating margin).
- How much does Avadian Credit Union's highest-paid employee make?
- The highest reported compensation on Avadian Credit Union's latest Form 990 is $481,269, paid to Linda Cencula (Ceo).
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Explore more
Data for Avadian Credit Union (EIN 63-0207315) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.