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711 E Meighan Blvd
Gadsden, AL 35903-1917

Family Savings Credit Union is headquartered in Gadsden and is the 12st largest credit union in the state of Alabama. It is also the 645th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 147 employees and 69,190 members. Family Savings Credit Union's savings rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

We serve the employees of Goodyear, but we've extended membership to also include: - Persons who live, worship, work (or regularly conduct business in), or attend school in Etowah, Marshall, DeKalb, Jackson, Cherokee, Calhoun, Cleburne, Madison, Blount and St. Clair Counties, Alabama. AND - Persons who live in Bartow, Catoosa, Chattooga, Dade, Floyd, Gordon, Haralson, Paulding, Polk and Walker Counties, Georgia. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Family Savings Credit Union had $3.89 million in non-current loans and owned real-estate with $36.25 million in equity and loan loss allowances on hand to cover it. This gives Family Savings Credit Union a Texas Ratio of 10.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Family Savings Credit Union decreased slightly from 14.16% as of March 31, 2013 to 10.74% as of March 31, 2014, resulting in a positive change of 24.19%.This indicates that the balance sheet and financial strength for Family Savings Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Family Savings Credit Union has increased its total deposits by $5.41 million, resulting in 1.88% 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 Family Savings Credit Union has shown is above average.



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. Family Savings Credit Union has $331.71 million in assets with $36.25 million in equity, resulting in a capitalization level of 10.93%, which is above average.

Institution Statistics

NCUA #68628
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$331.71 million
Loans$206.73 million
Deposits$293.81 million
Equity Capital$34.26 million
Loan Loss Allowance$1.99 million
Unbacked Noncurrent Loans$3.08 million
Real Estate Owned$817,000
Historic Data - March 2013
Assets$326.17 million
Equity Capital$33.46 million
Loan Loss Allowance$1.78 million
Unbacked Noncurrent Loans$3.08 million
Real Estate Owned$546,000
Profit Margin - Quarterly
Net Interest Margin1.28%
Return on Assets0.49%
Return on Equity4.78%
Interest Income$3.14 million
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Family Savings Credit Union Savings Account Rates

1.25%-$15kKasasa Saver - Qualifying
0.45%$10k-IRA Share Account
0.45%$10k-Roth IRA Share Account
0.30%$10k-Regular Share Savings
0.20%--Christmas Club Account
0.05%--Kasasa Saver - Non Qualifying

Family Savings Credit Union Checking Account Rates

2.50%-$15kKasasa Cash - Qualifying
0.10%$10k-Share Draft/Checking Account
0.05%--Kasasa Cash - Non Qualifying

Family Savings Credit Union CD Rates

1.26%$500-60 Month CD
1.11%$500-48 Month CD
1.01%$500-36 Month CD
0.80%$500-24 Month CD
0.50%$500-12 Month CD
0.30%$500-180 Day CD

Family Savings Credit Union IRA Rates

1.26%$500-60 Month IRA
1.11%$500-48 Month IRA
1.01%$500-36 Month IRA
0.80%$500-24 Month IRA
0.50%$500-12 Month IRA
0.30%$500-180 Day IRA

Family Savings Credit Union Locations
Branch Office3511 S Broad StScottsboro, AL 35769
Branch Office10 Fox ChaseCartersville, GA 30120-2491
Branch Office1001 W Meighan BlvdGadsden, AL 35901
Branch Office711 E Meighan BlvdGadsden, AL 35903-1917
Branch Office3003 2nd StRainbow City, AL 35906-5979
Branch Office205 Douthit Ferry RdCartersville, GA 30120
Branch Office101 Felton DrRockmart, GA 30153
Branch Office342 Charles Hardy PkwyHiram, GA 30141-1848
Branch Office355 Richardson Rd SE Ste 7Calhoun, GA 30701-3681