AVADIAN CREDIT UNION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: AVADIAN CREDIT UNION (EIN 63-0207315)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-10-19
IRS object ID: 202142929349301414
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-10-19T12:27:53-05:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	461498870	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BMSS LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1121 RIVERCHASE OFFICE RD	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35244	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	630207315	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	AVADIAN CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	AVAD	BusinessNameControlTxt
Phone	2059852836	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE RIVERCHASE PARKWAY SOUTH	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35244	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LINDA CENCULA	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	2059852836	PhoneNum
Signature	2021-09-07	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	LINDA	PersonFirstNm
Person Last	CENCULA	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	D SCOTT STEVENS CPA	PreparerPersonNm
PTIN	P00362431	PTIN
Phone	2059825500	PhoneNum
Preparation	2021-09-07	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	LINDA CENCULA	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE RIVERCHASE PARKWAY SOUTH	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35244	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$61,376,342	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.AVADIANCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1934	FormationYr
Legal Domicile State	AL	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	303	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$51,317	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$28,600,437	PYProgramServiceRevenueAmt
CY Program Service Revenue	$28,286,142	CYProgramServiceRevenueAmt
PY Investment Income	$4,010,204	PYInvestmentIncomeAmt
CY Investment Income	$3,963,234	CYInvestmentIncomeAmt
PY Other Revenue	$16,227,622	PYOtherRevenueAmt
CY Other Revenue	$18,876,270	CYOtherRevenueAmt
PY Total Revenue	$48,838,263	PYTotalRevenueAmt
CY Total Revenue	$51,125,646	CYTotalRevenueAmt
PY Grants And Similar Paid	$26,050	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$25,985	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$18,341,960	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$20,395,141	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$25,665,460	PYOtherExpensesAmt
CY Other Expenses	$27,189,879	CYOtherExpensesAmt
PY Total Expenses	$44,033,470	PYTotalExpensesAmt
CY Total Expenses	$47,611,005	CYTotalExpensesAmt
PY Revenues Less Expenses	$4,804,793	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$3,514,641	CYRevenuesLessExpensesAmt
Total Assets BOY	$864,803,155	TotalAssetsBOYAmt
Total Assets EOY	$1,031,231,296	TotalAssetsEOYAmt
Total Liabilities BOY	$781,920,594	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$946,214,100	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$82,882,561	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$85,017,196	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	86,659 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	22007	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	303	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ADRIENNE BRECKENRIDGE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2059895204	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE RIVERCHASE PARKWAY SOUTH	AddressLine1Txt
City	HOOVER	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35244	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
LINDA CENCULA
CEO	48.00	Yes (X)	$376,990	$0	$43,181
STEVEN THRASHER
VP MORTGAGE LENDING	48.00		$366,433	$0	$28,025	Yes (X)
JOSEPH SUTTON
MORTGAGE LOAN OFFICER	48.00		$264,225	$0	$20,066	Yes (X)
BRETT TOMPKINS
MORTGAGE LOAN OFFICER	48.00		$259,258	$0	$19,116	Yes (X)
WILLIAM R CHANCELLOR
CHIEF LENDING OFFICER	48.00	Yes (X)	$207,672	$0	$48,469
CYNTHIA SHARP
MORTGAGE LOAN OFFICER	48.00		$227,917	$0	$22,869	Yes (X)
STANTON DAVIS
CHIEF EXPERIENCE & INNOVAT	48.00	Yes (X)	$206,116	$0	$42,754
JAMES DISMUKES
AFS PROGRAM MANAGER	48.00		$193,126	$0	$46,114	Yes (X)
PARKER STEELE
CHIEF LEGAL & COMPLIANCE O	48.00	Yes (X)	$189,286	$0	$32,999
ADRIENNE BRECKENRIDGE
CHEIF FINANCIAL OFFICER	48.00	Yes (X)	$179,193	$0	$23,915
ALPESH PATEL
SR VP INFORMATION TECH.	48.00	Yes (X)	$169,227	$0	$23,679
TERRY DAVIS
CHAIRMAN	1.00		$0	$0	$0		Yes (X)
DEBORAH GIVEN
TREASURER	1.00		$0	$0	$0		Yes (X)
LINDA RUETHEMANN
SECRETARY	1.00		$0	$0	$0		Yes (X)
ROLAND COBURN
DIRECTOR	1.00		$0	$0	$0		Yes (X)
KEITH MILLING
DIRECTOR	1.00		$0	$0	$0		Yes (X)
CINDY KILLEN
DIRECTOR	1.00		$0	$0	$0		Yes (X)
BRENDA WELBORN
DIRECTOR	1.00		$0	$0	$0		Yes (X)
NANCY MORGAN
DIRECTOR	1.00		$0	$0	$0		Yes (X)
MIKE JAMISON
DIRECTOR	1.00		$0	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,639,443	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$351,187	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	37	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
QUALITY DATA SYSTEMS INC
8655 CROWN CRESCENT COURT	CHARLOTTE	NC	28227	BUSINESS SUPPLIES AND EQUIPMENT	$687,705
JACK HENRY & ASSOCIATES INC
PO BOX 609	MONETT	MO	65708	DATA PROCESSOR	$563,399
LENDING SOLUTIONS INC
2200 POINT BLVD	ELGIN	IL	60123	24/7 CALL CENTER - 3RD PARTY	$393,505
EQUITY VALUATION PARTNERS
PO BOX 161623	ALTAMONTE SPRING	FL	32716	APPRAISAL MANAGEMENT COMPANY	$250,552
FITZMARTIN INC
2917 CENTRAL AVENUE STE 210	HOMEWOOD	AL	35209	ADVERTISING CONSULTANT	$250,000

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	LOAN INTEREST INCOME	Desc
Business	522130	BusinessCd
Total Revenue Column	$28,286,142	TotalRevenueColumnAmt
Related Or Exempt Func Income	$28,286,142	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$28,286,142	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,913,487	TotalRevenueColumnAmt
Exclusion	$3,913,487	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$97,360	TotalRevenueColumnAmt
Exclusion	$97,360	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$10,087,000	SecuritiesAmt
Other	$213,443	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$10,087,000	SecuritiesAmt
Other	$163,696	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$49,747	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$49,747	TotalRevenueColumnAmt
Exclusion	$49,747	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OTHER ACCOUNT FEES	522130	$10,403,266	$10,403,266
CREDIT CARD FEES	522130	$4,459,551	$4,459,551
NSF ACCOUNT CHARGES	522130	$3,755,257	$3,755,257

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$160,836	TotalRevenueColumnAmt
Related Or Exempt Func Income	$109,519	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$51,317	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$18,778,910	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$51,125,646	TotalRevenueColumnAmt
Related Or Exempt Func Income	$47,013,735	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$51,317	UnrelatedBusinessRevenueAmt
Exclusion	$4,060,594	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$25,985	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,543,481	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$15,276,460	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$395,139	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$2,001,664	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,178,397	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$52,130	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$208,319	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$96,704	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,334,762	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,899,893	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,761,843	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,313,708	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$147,834	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$7,859,539	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,353,093	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$222,420	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
CHECK AND LOAN SERVICIN	$2,982,075
BAD DEBTS	$2,406,449
OTHER OPERATING EXPENSE	$1,581,469
REPAIRS AND MAINTENANCE	$297,476

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$672,165	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$47,611,005	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$12,088,660	BOYAmt
EOY	$30,497,210	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$57,138,499	BOYAmt
EOY	$67,281,351	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$597,170,584	BOYAmt
EOY	$621,553,629	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,793,940	BOYAmt
EOY	$2,960,118	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$48,478,051	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$15,183,487	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$32,931,761	BOYAmt
EOY	$33,294,564	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$145,487,436	BOYAmt
EOY	$259,028,349	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$350,000	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,509,738	BOYAmt
EOY	$2,944,625	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$13,332,537	BOYAmt
EOY	$13,671,450	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$864,803,155	BOYAmt
EOY	$1,031,231,296	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,740,659	BOYAmt
EOY	$3,653,195	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
EOY	$1,381,111	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$780,179,935	BOYAmt
EOY	$941,179,794	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$781,920,594	BOYAmt
EOY	$946,214,100	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$82,882,561	BOYAmt
EOY	$85,017,196	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$82,882,561	BOYAmt
EOY	$85,017,196	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$864,803,155	BOYAmt
EOY	$1,031,231,296	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$3,514,641	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$3,968,227	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$5,348,233	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$3,861,179	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$8,470,429	OtherCostOrOtherBasisAmt
Book Value	$12,331,608	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$21,565,739	OtherCostOrOtherBasisAmt
Depreciation	$5,073,567	DepreciationAmt
Book Value	$16,492,172	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$450,291	OtherCostOrOtherBasisAmt
Depreciation	$450,291	DepreciationAmt
Book Value	$0	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,130,413	OtherCostOrOtherBasisAmt
Depreciation	$9,659,629	DepreciationAmt
Book Value	$4,470,784	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$33,294,564	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
MEMBER DEPOSITS	$931,662,787
ACCRUED BENEFITS	$9,517,007

Field	Value	IRS element (for citing)
Total Liability	$941,179,794	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$49,151,504	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$35,773	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$35,773	RevenueNotReportedAmt
Revenue Subtotal	$49,115,731	RevenueSubtotalAmt
Other Revenues Not Included	$2,009,915	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$2,009,915	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$51,125,646	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$45,601,090	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	-$2,009,915	OtherExpensesIncludedAmt
Expenses Not Reported	-$2,009,915	ExpensesNotReportedAmt
Expenses Subtotal	$47,611,005	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$47,611,005	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES FOR WHICH THE NET TAXABLE INCOME IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2020 AND 2019, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER FOR ALL OPEN TAX YEARS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	FEES AND CHARGES NETTED WITH INCOME 2,009,915.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	FEES AND CHARGES NETTED WITH INCOME -2,009,915.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNITED WAY OF CENTRAL ALABAMA INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 320189	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35232	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	630288846	RecipientEIN
IRC Section	501(C)(3)	IRCSectionDesc
Cash Grant	$23,750	CashGrantAmt
Purpose Of Grant	GENERAL SUPPORT	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION ENSURES PROPER USE OF CONTRIBUTED FUNDS BY ONLY CONTRIBUTING TO QUALIFIED 501(C)(3) ORGANIZATIONS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LINDA CENCULA
CEO	$376,990	$0	$0	$0	$0	$0	$33,190	$0	$9,991	$0	$420,171	$0	$0	$0
STEVEN THRASHER
VP MORTGAGE LENDING	$366,433	$0	$0	$0	$0	$0	$16,312	$0	$11,713	$0	$394,458	$0	$0	$0
JOSEPH SUTTON
MORTGAGE LOAN OFFICER	$264,225	$0	$0	$0	$0	$0	$6,279	$0	$13,787	$0	$284,291	$0	$0	$0
BRETT TOMPKINS
MORTGAGE LOAN OFFICER	$259,258	$0	$0	$0	$0	$0	$13,287	$0	$5,829	$0	$278,374	$0	$0	$0
WILLIAM R CHANCELLOR
CHIEF LENDING OFFICER	$199,419	$0	$8,253	$0	$0	$0	$37,998	$0	$10,471	$0	$256,141	$0	$0	$0
CYNTHIA SHARP
MORTGAGE LOAN OFFICER	$227,917	$0	$0	$0	$0	$0	$11,879	$0	$10,990	$0	$250,786	$0	$0	$0
STANTON DAVIS
CHIEF EXPERIENCE & INNOVAT	$197,877	$0	$8,239	$0	$0	$0	$32,283	$0	$10,471	$0	$248,870	$0	$0	$0
JAMES DISMUKES
AFS PROGRAM MANAGER	$98,669	$0	$94,457	$0	$0	$0	$31,430	$0	$14,684	$0	$239,240	$0	$0	$0
PARKER STEELE
CHIEF LEGAL & COMPLIANCE O	$181,461	$0	$7,825	$0	$0	$0	$17,452	$0	$15,547	$0	$222,285	$0	$0	$0
ADRIENNE BRECKENRIDGE
CHEIF FINANCIAL OFFICER	$172,142	$0	$7,051	$0	$0	$0	$10,207	$0	$13,708	$0	$203,108	$0	$0	$0
ALPESH PATEL
SR VP INFORMATION TECH.	$161,920	$0	$7,307	$0	$0	$0	$10,785	$0	$12,894	$0	$192,906	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART XII, LINE 2C	NO CHANGES HAVE OCCURRED IN THE PROCESS FROM THE PRIOR YEAR.
FORM 990, PART VI, SECTION A, LINE 6	AVADIAN CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL CAN MEET ANY OF THE ELIGIBILITY REQUIREMENTS BELOW: -IF YOU LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN THE FOLLOWING COUNTIES: 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. -IF YOU ARE AN EMPLOYEE OF AN AVADIAN SELECT EMPLOYEE GROUP. -IF YOU ARE RELATED BY BLOOD OR MARRIAGE TO MEMBERS OF AVADIAN CREDIT UNION.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERS OF THE CREDIT UNION ELECT BOARD MEMBERS FOR OPEN POSITIONS AT THEIR ANNUAL MEETING. IN ORDER FOR A BOARD MEMBER TO BE ELECTED, A QUORUM MUST BE PRESENT AT THE MEETING.
FORM 990, PART VI, SECTION A, LINE 7B	THE MEMBERS OF THE CREDIT UNION ELECT OR REPLACE BOARD MEMBERS FOR OPEN POSITIONS AT THEIR ANNUAL MEETING. MEMBERS MAY ALSO CALL FOR A MEETING TO REMOVE BOARD MEMBERS DURING THE YEAR. IF THE CREDIT UNION IS A TARGET OF A MERGER, THE AGREEMENTS TO MERGE ARE VOTED ON BY MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGH THE REQUIREMENTS OF THE PERSONNEL POLICY FOR EMPLOYEES. THIS POLICY REQUIRES THAT ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST BE REPORTED IN WRITING TO THE PRESIDENT OF THE CREDIT UNION WHETHER THE CONFLICT ARISES FROM ACTIONS OF AN EMPLOYEE, DIRECTOR OR OFFICIAL OF THE CREDIT UNION OR FROM A FAMILY MEMBER OF ANY EMPLOYEE, DIRECTOR OR OFFICIAL OF THE CREDIT UNION. BOARD AND COMMITTEE MEMBERS MUST COMPLETE AN ANNUAL DISCLOSURE STATEMENT.
FORM 990, PART VI, SECTION B, LINE 15A	THE BOARD OF DIRECTORS REVIEW THE CEO'S SALARY ON AN ANNUAL BASIS. THE BOARD REVIEWS THE PERFORMANCE OF THE CEO WHILE TAKING INTO ACCOUNT THE OVERALL PERFORMANCE OF THE CREDIT UNION. ADDITIONALLY, THE BOARD USES "CUES" COMPENSATION SURVEYS IN CONJUNCTION WITH COMPEASE DATA, WHICH PROVIDES INDEPENDENT COMPARABLE SALARY DATA FOR THE DELIBERATION AND DECISION MAKING PROCESS. COMPENSATION FOR OTHER OFFICERS, KEY EMPLOYEES & MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS BY THE CEO. THE CEO USES SIMILAR SALARY SURVEY DATA WHILE TAKING INTO CONSIDERATION THE TYPE OF WORK PERFORMED, SUPERVISOR PERFORMANCE EVALUATIONS, AND THE OVERALL PERFORMANCE OF THE CREDIT UNION.
FORM 990, PART VI, SECTION C, LINE 19	THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	PENSION ADJUSTMENT -5,348,233.
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION	AVADIAN CREDIT UNION ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM, AL 35244 EMPLOYER IDENTIFICATION NUMBER: 63-0207315 FOR THE YEAR ENDING DECEMBER 31, 2020 AVADIAN CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
SECTION 1.263(A)-3(N) ELECTION	AVADIAN CREDIT UNION ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM, AL 35244 EMPLOYER IDENTIFICATION NUMBER: 63-0207315 FOR THE YEAR ENDING DECEMBER 31, 2020 AVADIAN CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).