2025-10-22T11:02:49-05:00 2024-12-31 461498870 BMSS LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2024-01-01 630207315 AVADIAN CREDIT UNION AVAD 2059852836 ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM AL 35244 JEREMY MALONE CEO 2059852836 2025-10-06 1 0 CHERION SIBLEY CPA P00090514 2059825500 2025-10-06 2024 2025-03-06 01:10:19Z JEREMY MALONE ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM AL 35244 105703256 0 X WWW.AVADIANCU.COM X 1934 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 11 11 340 15 47334 0 0 0 51212036 63166191 8369940 7873412 17332639 18923709 76914615 89963312 95437 66500 0 0 24486361 26419399 0 0 0 45350001 58782757 69931799 85268656 6982816 4694656 1352204641 1391962865 1259103995 1288833534 93100646 103129331 TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. 0 0 97,051 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 22664 0 1 340 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X ADRIENNE BRECKENRIDGE 2059895204 ONE RIVERCHASE PARKWAY SOUTH HOOVER AL 35244 TERRY DAVIS CHAIRMAN 1.00 X 0 0 0 BRENDA WELBORN VICE CHAIRMAN 1.00 X 0 0 0 DEBORAH GIVEN TREASURER 1.00 X 0 0 0 LINDA RUETHEMANN SECRETARY 1.00 X 0 0 0 BILL HILYER DIRECTOR 1.00 X 0 0 0 BRIAN WILSON DIRECTOR 1.00 X 0 0 0 CINDY KILLEN DIRECTOR 1.00 X 0 0 0 KEITH MILLING DIRECTOR 1.00 X 0 0 0 MATTHEW GOLDEN DIRECTOR 1.00 X 0 0 0 MICHAEL MCGRAW DIRECTOR 1.00 X 0 0 0 REGGIE JURAN DIRECTOR 1.00 X 0 0 0 LINDA CENCULA CEO 48.00 X 481269 0 26286 JEREMY MALONE PRESIDENT/CHIEF EXECUTIVE OFFICER 48.00 X 190515 0 20734 WILLIAM R CHANCELLOR CHIEF LENDING OFFICER 48.00 X 250510 0 82421 ADRIENNE BRECKENRIDGE CHIEF FINANCIAL OFFICER 48.00 X 248703 0 38875 PARKER STEELE CHIEF LEGAL & COMPLIANCE O 48.00 X 245630 0 39643 ERIC HAM CHIEF INFORMATION OFFICER 48.00 X 243913 0 35139 GAYLA KUYKENDALL SR VICE PRESIDENT OPERATIO 48.00 X 208866 0 138595 DONNAMARIE TYLER SENIOR VP OF DEPOSITS AND 48.00 X 218575 0 12348 JEFFREY SKIPPER SENIOR VP OF MARKETING & D 48.00 X 207523 0 35693 JAMES DISMUKES AFS PROGRAM MANAGER 48.00 X 318939 0 39931 BRANDON WATKINS VP CARD SERVICES AND PAYME 48.00 X 188905 0 10943 STEVEN THRASHER ASSISTANT VP MORTGAGE LEND 48.00 X 211516 0 27740 RANDALL PHILLIPS VP COMMERCIAL CREDIT 48.00 X 174623 0 33777 LARRY UPTAIN COMMERCIAL LOAN MANAGER 48.00 X 178331 0 17288 3367818 0 559413 53 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 DATA PROCESSOR 849028 GLORY GLOBAL SOLUTIONS INC 3333 WARRENVILLE ROAD STE 310 LISLE IL 60532 ATM SERVICES 711335 SEAY CONSTRUCTION INC 6647 GREEN DRIVE TRUSSVILLE AL 35173 CONTRACTOR 670898 CENNOX REACTIVE FIELD SERVICES PO BOX 7048 GROUP 22 INDIANAPOLIS IN 46207 ATM SERVICES 592893 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 753205970 DIGITAL BANKING SOLUTION 446647 20 LOAN INTEREST INCOME 522130 63166191 63166191 63166191 7876507 7876507 124832 124832 15719000 17849 15732827 7117 -13827 10732 -3095 -3095 OTHER ACCOUNT FEES 522130 6489744 6489744 NSF ACCOUNT CHARGES 522130 5866083 5866083 CREDIT CARD FEES 522130 5826903 5826903 616147 568813 47334 18798877 89963312 81917734 47334 7998244 66500 2725240 19128576 796808 2218214 1550561 78653 307900 518172 1644030 2011729 6366552 1818605 297998 109721 30729178 2392017 288703 CHECK AND LOAN SERVICIN 4324607 BAD DEBTS 3797552 OTHER OPERATING EXPENSE 2714727 REPAIRS AND MAINTENANCE 607824 774789 85268656 10229204 12393810 72988829 80472987 1036484121 1087636516 5400528 4585410 54433878 18724132 36273504 35709746 153352576 128925718 15547528 15547528 21928351 26691150 1352204641 1391962865 4873975 7227570 724554 679350 30410051 15583333 1223095415 1265343281 1259103995 1288833534 X 0 0 0 0 93100646 103129331 93100646 103129331 1352204641 1391962865 X 4694656 1799177 3534852 X X 0 1 X 1 0 3861179 9133541 12994720 24247631 7187270 17060361 1573263 526650 1046613 15618264 11010212 4608052 35709746 MEMBER DEPOSITS 1262294440 RIGHT OF USE OPERATING LEASES 3048841 1265343281 X 87987041 43862 43862 87943179 2020133 2020133 89963312 83248523 -2020133 -2020133 85268656 0 85268656 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, 2024 AND 2023, 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 2,020,133. PART XII, LINE 2D - OTHER ADJUSTMENTS: FEES AND CHARGES NETTED WITH INCOME -2,020,133. 1 UNITED WAY OF CENTRAL ALABAMA INC PO BOX 320189 BIRMINGHAM AL 35232 630288846 501(C)(3) 25000 0 GENERAL SUPPORT AVADIAN FOUNDATION PO BOX 361686 HOOVER AL 35236 384229528 501(C)(3) 34500 0 GENERAL SUPPORT HOLY FAMILY CRISTO REY CATHOLIC SCHOOL 1832 CENTER WAY SOUTH BIRMINGHAM AL 35205 134341859 501(C)(3) 7000 0 GENERAL SUPPORT 3 0 PART I, LINE 2: THE CREDIT UNION ENSURES PROPER USE OF CONTRIBUTED FUNDS BY ONLY CONTRIBUTING TO QUALIFIED 501(C)(3) ORGANIZATIONS. X X 1 1 X X X X 0 0 0 LINDA CENCULA CEO 438669 0 42600 0 0 0 17081 0 9205 0 507555 0 0 0 JAMES DISMUKES AFS PROGRAM MANAGER 140753 0 178186 0 0 0 15359 0 24572 0 358870 0 0 0 GAYLA KUYKENDALL SR VICE PRESIDENT OPERATIO 204593 0 4273 0 0 0 113888 0 24707 0 347461 0 0 0 WILLIAM R CHANCELLOR CHIEF LENDING OFFICER 245715 0 4795 0 0 0 67087 0 15334 0 332931 0 0 0 ADRIENNE BRECKENRIDGE CHIEF FINANCIAL OFFICER 243734 0 4969 0 0 0 12917 0 25958 0 287578 0 0 0 PARKER STEELE CHIEF LEGAL & COMPLIANCE O 240345 0 5285 0 0 0 24616 0 15027 0 285273 0 0 0 ERIC HAM CHIEF INFORMATION OFFICER 238655 0 5258 0 0 0 10172 0 24967 0 279052 0 0 0 JEFFREY SKIPPER SENIOR VP OF MARKETING & D 203421 0 4102 0 0 0 10725 0 24968 0 243216 0 0 0 STEVEN THRASHER ASSISTANT VP MORTGAGE LEND 102709 0 108807 0 0 0 10776 0 16964 0 239256 0 0 0 DONNAMARIE TYLER SENIOR VP OF DEPOSITS AND 214359 0 4216 0 0 0 10791 0 1557 0 230923 0 0 0 JEREMY MALONE PRESIDENT/CHIEF EXECUTIVE OFFICER 190515 0 0 0 0 0 8250 0 12484 0 211249 0 0 0 RANDALL PHILLIPS VP COMMERCIAL CREDIT 171030 0 3593 0 0 0 8819 0 24958 0 208400 0 0 0 BRANDON WATKINS VP CARD SERVICES AND PAYME 188905 0 0 0 0 0 9386 0 1557 0 199848 0 0 0 LARRY UPTAIN COMMERCIAL LOAN MANAGER 157856 0 20475 0 0 0 8467 0 8821 0 195619 0 0 0 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, FAYETTE, FRANKLIN, GENEVA, HOUSTON, JACKSON, JEFFERSON, LAMAR, LAUDERDALE, LAWRENCE, LEE, LIMESTONE, MADISON, MARION, MARSHALL, MOBILE, MONTGOMERY, MORGAN, PICKENS, 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 NEW BOARD MEMBERS AT THEIR ANNUAL MEETING. ANY OPEN POSITIONS ON THE BOARD ARE FILLED AT THIS TIME. 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 NEW BOARD MEMBERS AT THEIR ANNUAL MEETING. MEMBERS MAY ALSO VOTE TO REMOVE BOARD AND COMMITTEE MEMBERS. 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 3,534,852. 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, 2024 AVADIAN CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). PART XII, LINE 2C NO CHANGES HAVE OCCURRED IN THE PROCESS FROM THE PRIOR YEAR. 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, 2024 AVADIAN CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N). AVADIAN FOUNDATION PO BOX 361686 HOOVER AL 35236 384229528 HELPING COMMUNITIES SERVED BY SUPPORTING THEIR FINANCIAL WELL-BEING AL 501(C)(3) LINE 7 AVADIAN CREDIT UNION 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AVADIAN FOUNDATION B 34500 CASH VALUE