Alabama Central Credit Union

Alabama Central Credit Union is headquartered in BIRMINGHAM and is the 26^th largest credit union in the state of Alabama. It is also the 1,225^th largest credit union in the nation. It was established in 1938 and as of December of 2011, it had grown to 50 employees and 24,627 members. Alabama Central Credit Union's savings rates are 44% higher than the national average, and it has a 3-star health rating.

Alabama Central Credit Union Savings Account Rates

Alabama Central Credit Union Money Market Rates

Alabama Central Credit Union CD Rates

Alabama Central Credit Union IRA Rates

Data for Q4 2011

Institution Statistics ALABAMA CENTRAL NCUA # 60712 BankRate Report View Year Chartered 1938 Employees 50 Primary Regulator Assets and Liabilities Assets $124.56 million Loans $93.57 million Deposits $114.56 million Equity Capital $9.10 million Loan Loss Allowance $2.60 million Unbacked Noncurrent Loans $1.52 million Real Estate Owned $3.04 million Historic Data - December 2010 Assets $128.21 million Equity Capital $10.06 million Loan Loss Allowance $2.02 million Unbacked Noncurrent Loans $2.96 million Real Estate Owned $3.06 million Profit Margin - Quarterly Net Interest Margin 6.8% Return on Assets -0.77% Return on Equity -10.57% Interest Income $6.79 million Non-Interest Income $2.69 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Alabama Central Credit Union had $4.56 million in non-current loans and owned real-estate with $11.69 million in equity and loan loss allowances on hand to cover it. This gives Alabama Central Credit Union a Texas Ratio of 38.97% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Alabama Central Credit Union decreased slightly from 49.76% as of December 31, 2010 to 38.97% as of December 31, 2011, resulting in a positive change of 21.68%.This indicates that the balance sheet and financial strength for Alabama Central Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Alabama Central Credit Union has decreased its total deposits by -$2.49 million, resulting in -2.13% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alabama Central Credit Union has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alabama Central Credit Union has $124.56 million in assets with $11.69 million in equity, resulting in a capitalization level of 9.38%, which is average.

No reviews have been left for this bank yet. Be the first to review.