Family Savings Credit Union is headquartered in GADSDEN and is the 12st largest credit union in the state of Alabama. It is also the 651st largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 142 employees and 67,383 members. Family Savings Credit Union's savings rates are 2X the national average, and it has a A 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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Family Savings Credit Union had $4.27 million in non-current loans and owned real-estate with $35.56 million in equity and loan loss allowances on hand to cover it. This gives Family Savings Credit Union a Texas Ratio of 12.02% which is above average. 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 14.44% as of December 31, 2012 to 12.02% as of December 31, 2013, resulting in a positive change of 16.74%.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 $13.78 million, resulting in 5.15% 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 excellent.
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 $318.02 million in assets with $35.56 million in equity, resulting in a capitalization level of 11.18%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$33.54 million|
|Loan Loss Allowance||$2.02 million|
|Unbacked Noncurrent Loans||$3.17 million|
|Real Estate Owned||$1.10 million|
|Historic Data - December 2012|
|Equity Capital||$33.40 million|
|Loan Loss Allowance||$1.93 million|
|Unbacked Noncurrent Loans||$3.17 million|
|Real Estate Owned||$565,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.99%|
|Return on Assets||0.39%|
|Return on Equity||3.74%|
|Interest Income||$12.22 million|
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|0.45%||$10k||-||IRA Share Account|
|0.45%||$10k||-||Roth IRA Share Account|
|0.30%||$10k||-||Regular Share Savings|
|0.20%||-||-||Christmas Club Account|
|0.10%||$10k||-||Share Draft/Checking Account|
|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 (Traditional,Roth)|
|1.11%||$500||-||48 Month IRA (Traditional,Roth)|
|1.01%||$500||-||36 Month IRA (Traditional,Roth)|
|0.80%||$500||-||24 Month IRA (Traditional,Roth)|
|0.50%||$500||-||12 Month IRA (Traditional,Roth)|
|0.30%||$500||-||180 Day IRA (Traditional,Roth)|
|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|