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.
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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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.
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.
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.
|Assets and Liabilities|
|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|
|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 Margin||1.28%|
|Return on Assets||0.49%|
|Return on Equity||4.78%|
|Interest Income||$3.14 million|
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|1.25%||-||$15k||Kasasa 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|
|2.50%||-||$15k||Kasasa Cash - Qualifying|
|0.10%||$10k||-||Share Draft/Checking Account|
|0.05%||-||-||Kasasa Cash - Non Qualifying|
|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|
|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 Office||3511 S Broad St||Scottsboro, AL 35769|
|Branch Office||10 Fox Chase||Cartersville, GA 30120-2491|
|Branch Office||1001 W Meighan Blvd||Gadsden, AL 35901|
|Branch Office||711 E Meighan Blvd||Gadsden, AL 35903-1917|
|Branch Office||3003 2nd St||Rainbow City, AL 35906-5979|
|Branch Office||205 Douthit Ferry Rd||Cartersville, GA 30120|
|Branch Office||101 Felton Dr||Rockmart, GA 30153|
|Branch Office||342 Charles Hardy Pkwy||Hiram, GA 30141-1848|
|Branch Office||355 Richardson Rd SE Ste 7||Calhoun, GA 30701-3681|