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Overview / Commentary
205-682-1100
P.O. Box 362045
Birmingham, AL 35236

Mutual Savings Credit Union is headquartered in Birmingham and is the 25th largest credit union in the state of Alabama. It is also the 1,222nd largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 71 employees and 36,526 members. Mutual Savings Credit Union has a C- health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Shelby, Chilton, Dallas or Jefferson County, 50-mile radius of Alexander City or 30-mile radius of Calera. - See Details

Reviews (1)

Bad Service

I have not been happy with the service the credit union provides. It is difficult to get anyone on the phone, or get a straight answer to any of my questions. If I could move my loan, I would.



Health

Data for Q4 2013

Institution Health

C-

Texas Ratio

GRADE:
D

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 Mutual Savings Credit Union had $7.9 million in non-current loans and owned real-estate with $9.76 million in equity and loan loss allowances on hand to cover it. This gives Mutual Savings Credit Union a Texas Ratio of 80.97% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Mutual Savings Credit Union increased slightly from 47.97% as of December 31, 2012 to 80.97% as of December 31, 2013, resulting in a negative change of 68.79%. This indicates that the balance sheet and financial strength for Mutual Savings Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Mutual Savings Credit Union has decreased its total deposits by -$5.6 million, resulting in -4.97% 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 Mutual Savings Credit Union has shown is below average.

Capitalization

GRADE:
C-

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. Mutual Savings Credit Union has $132.92 million in assets with $9.76 million in equity, resulting in a capitalization level of 7.34%, which is below average.

Institution Statistics

Overall
NCUA #60501
Year Chartered1936
Employees71
Primary Regulator
Assets and Liabilities
Assets$132.92 million
Loans$94.88 million
Deposits$107.07 million
Equity Capital$8.38 million
Loan Loss Allowance$1.38 million
Unbacked Noncurrent Loans$2.11 million
Real Estate Owned$5.80 million
Historic Data - December 2012
Assets$152.06 million
Equity Capital$10.08 million
Loan Loss Allowance$1.47 million
Unbacked Noncurrent Loans$2.11 million
Real Estate Owned$4.89 million
Profit Margin - Quarterly
Net Interest Margin5.23%
Return on Assets-0.99%
Return on Equity-15.64%
Interest Income$5.38 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Mutual Savings Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Mutual Savings Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$25-Membership Share
0.10%--Christmas Club
0.10%--IRA Club
0.10%--Basic Club
0.10%$25-Share Savings Account
0.10%--Vacation Club
0.05%$2,500-Super Saver Club

Mutual Savings Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Select Money Market
0.15%$5k-Business Money Market
0.10%$5k-Better Money Market

Mutual Savings Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%-$25kRising Rewards Checking
0.10%$20k-Vision Business Checking

Mutual Savings Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.95%--5 Year Share Certificate
0.90%--13 Month Share Certificate Special
0.75%--3 Year Share Certificate
0.60%--2 Year Share Certificate
0.50%--1 Year Share Certificate
0.20%--6 Month Share Certificate

Mutual Savings Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%--5 Year IRA Certificate
0.90%--13 Month IRA Certificate Special
0.75%--3 Year IRA Certificate
0.60%--2 Year IRA Certificate
0.50%--1 Year IRA Certificate
0.20%--6 Month IRA Certificate
Locations


Mutual Savings Credit Union Locations
Branch Office199 Bessemer Super HwyBirmingham, AL 35228-2101
Branch Office1501 7th St SClanton, AL 35045-8785
Branch Office3596 Pelham PkwyPelham, AL 35124-2034
Branch Office907 Medical Center PkwySelma, AL 36701-6746
Branch Office136 Marketplace Cir Ste DCalera, AL 35040
Branch Office1030 Lee StAlexander City, AL 35010-2655
Branch Office2040 Valleydale RdHoover, AL 35244-2006