Family Savings Credit Union is headquartered in Gadsden and is the 12st largest credit union in the state of Alabama. It is also the 646th largest credit union in the nation. It was established in 1951 and as of September of 2013, it had grown to 142 employees and 66,037 members. Family Savings Credit Union's savings rates are 2X the national average, and it has a A health rating.
Must live, work, worship or attend school in Etowah County in Alabama or Bartow, Catoosa, Chattooga, Dade, Floyd, Gordon, Haralson, Paulding, Polk or Walker County in Geogia. - 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 September 30, 2013 Family Savings Credit Union had $3.78 million in non-current loans and owned real-estate with $35.02 million in equity and loan loss allowances on hand to cover it. This gives Family Savings Credit Union a Texas Ratio of 10.80% 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 increased slightly from 0.00% as of January 1, 0001 to 10.80% as of September 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Family Savings Credit Union has declined slightly in recent periods.
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 $319.46 million in assets with $35.02 million in equity, resulting in a capitalization level of 10.96%, which is above average.
|Assets and Liabilities|
|Equity Capital||$33.11 million|
|Loan Loss Allowance||$1.91 million|
|Unbacked Noncurrent Loans||$2.77 million|
|Real Estate Owned||$1.02 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.79%|
|Return on Assets||0.37%|
|Return on Equity||3.57%|
|Interest Income||$9.06 million|
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|0.45%||$10k||-||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|
|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|