Vernon, Ala. – Avadian Credit Union completed the acquisition of Citizens State Bank of Vernon, Ala., on Sunday, July 31, 2022. Avadian and Citizens State Bank (CSB) announced the agreement of the acquisition in December 2021.
Avadian will keep both of the former CSB branches, including re-opening the downtown drive-thru branch in October.
The addition of the two branches brings Avadian’s locations across the state to 19.
“We are thrilled to be in Vernon, and to be in a part of Alabama we have not had the opportunity to serve until now,” said Linda Cencula, President and CEO of Avadian. “Every member of the existing staff was offered a position to stay on, and we are excited that so many have chosen to become a part of the Avadian family and continue to serve the Vernon community. Their love for their community is contagious.”
As they become Avadian members, the customers of CSB will have access to additional products and services, such as enhanced online and mobile banking services, consumer and business credit cards and more lending options. An ATM Plus+ machine has been installed in the main Vernon branch and will allow members to perform transactions plus talk to an Avadian team member with hours that extend beyond normal business hours.
As members of a credit union, members’ accounts are insured by the National Credit Union Administration (NCUA) for up to $250,000. In addition, Avadian provides deposit insurance of up to an additional $250,000 through Excess Share Insurance Corporation, a licensed insurance company, meaning members have even more coverage than through the FDIC alone.
Avadian Credit Union is a full-service financial institution with branches across the state of Alabama. With assets in excess of $1 billion, Avadian serves more than 85,000 members with friendly and professional service. Avadian Credit Union has a five-star, superior rating by BauerFinancial for safety and soundness.
Avadian Credit Union is a not-for-profit, financial cooperative that is solely owned by its members. For more information on Avadian Credit Union, visit www.avadiancu.com or call 1.888.AVADIAN (1.888.282.3426). Avadian Credit Union is also on Facebook, Twitter and LinkedIn.