North Alabama Educators Credit Union

North Alabama Educators Credit Union Locations

PO Box 128
Huntsville, AL 35804
1-800-547-8172
www.naecu.org

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North Alabama Educators Credit Union is headquartered in HUNTSVILLE and is the 31^st largest credit union in the state of Alabama. It is also the 1,666^th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 31 employees and 11,580 members. North Alabama Educators Credit Union has a 5-star health rating.

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See Rates for: Savings | CD | IRA

North Alabama Educators Credit Union Savings Account Rates

Apy	Min	Max	Product
0.45%	-	-	Christmas Club Account
0.15%	$25	-	IRA Share Account
0.15%	$2k	-	Super Share Account
0.15%	$25	-	Roth IRA Share Account
0.15%	$25	-	Educational IRA Share Account
0.15%	$25	-	SEP IRA Share Account
0.05%	$100	-	Share Account
0.05%	-	-	Club Account

North Alabama Educators Credit Union CD Rates

Apy	Min	Max	Product
0.25%	$1k	-	18 Month Non-Compounding Share Certificate
0.25%	$1k	-	24 Month Non-Compounding Share Certificate
0.25%	$1k	-	27 Month Non-Compounding Share Certificate
0.25%	$1k	-	36 Month Non-Compounding Share Certificate
0.25%	$1k	-	18 Month Compounding Share Certificate
0.25%	$1k	-	24 Month Compounding Share Certificate
0.25%	$1k	-	27 Month Compounding Share Certificate
0.25%	$1k	-	36 Month Compounding Share Certificate
0.25%	$300	-	18 Month Compounding Minor Share Certificate
0.25%	$300	-	18 Month Non-Compounding Minor Share Certificate
0.25%	$300	-	24 Month Compounding Minor Share Certificate
0.25%	$300	-	24 Month Non-Compounding Minor Share Certificate
0.25%	$300	-	27 Month Compounding Minor Share Certificate
0.25%	$300	-	27 Month Non-Compounding Minor Share Certificate
0.25%	$300	-	36 Month Compounding Minor Share Certificate
0.25%	$300	-	36 Month Non-Compounding Minor Share Certificate
0.20%	$1k	-	12 Month Non-Compounding Share Certificate
0.20%	$1k	-	12 Month Compounding Share Certificate
0.20%	$300	-	12 Month Compounding Minor Share Certificate
0.20%	$300	-	12 Month Non-Compounding Minor Share Certificate
0.15%	$1k	-	6 Month Non-Compounding Share Certificate
0.15%	$1k	-	9 Month Non-Compounding Share Certificate
0.15%	$1k	-	6 Month Compounding Share Certificate
0.15%	$1k	-	9 Month Compounding Share Certificate
0.15%	$300	-	6 Month Compounding Minor Share Certificate
0.15%	$300	-	6 Month Non-Compounding Minor Share Certificate
0.15%	$300	-	9 Month Compounding Minor Share Certificate
0.15%	$300	-	9 Month Non-Compounding Minor Share Certificate

North Alabama Educators Credit Union IRA Rates

Apy	Min	Max	Product
0.35%	$500	-	48 Month IRA CD
0.35%	$500	-	36 Month IRA CD
0.35%	$500	-	60 Month IRA CD
0.35%	$500	-	36 Month Roth IRA CD
0.35%	$500	-	48 Month Roth IRA CD
0.35%	$500	-	60 Month Roth IRA CD
0.35%	$500	-	36 Month Educational IRA CD
0.35%	$500	-	36 Month SEP IRA CD
0.35%	$500	-	48 Month Educational IRA CD
0.35%	$500	-	48 Month SEP IRA CD
0.35%	$500	-	60 Month Educational IRA CD
0.35%	$500	-	60 Month SEP IRA CD
0.30%	$500	-	24 Month IRA CD
0.30%	$500	-	24 Month Roth IRA CD
0.30%	$500	-	24 Month Educational IRA CD
0.30%	$500	-	24 Month SEP IRA CD
0.25%	$500	-	18 Month IRA CD
0.25%	$500	-	18 Month Roth IRA CD
0.25%	$500	-	18 Month Educational IRA CD
0.25%	$500	-	18 Month SEP IRA CD

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

NORTH ALABAMA EDUCATORS
NCUA #	60500
BankRate Report	View
Year Chartered	1957
Employees	31
Primary Regulator
Assets and Liabilities
Assets	$79.37 million
Loans	$42.05 million
Deposits	$73.03 million
Equity Capital	$5.68 million
Loan Loss Allowance	$138,000
Unbacked Noncurrent Loans	$208,000
Historic Data - December 2010
Assets	$74.20 million
Equity Capital	$5.50 million
Loan Loss Allowance	$194,000
Unbacked Noncurrent Loans	$156,000
Profit Margin - Quarterly
Net Interest Margin	5.47%
Return on Assets	0.09%
Return on Equity	1.3%
Interest Income	$2.80 million
Non-Interest Income	$1.09 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2011 North Alabama Educators Credit Union had $208,000 in non-current loans and owned real-estate with $5.81 million in equity and loan loss allowances on hand to cover it. This gives North Alabama Educators Credit Union a Texas Ratio of 3.58% 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 North Alabama Educators Credit Union held steady from 2.74% as of December 31, 2010 to 3.58% as of December 31, 2011, resulting in a negative change of 30.63%. This indicates that the balance sheet and financial strength for North Alabama Educators Credit Union has held steady in recent periods.
Deposit Growth
In the past year, North Alabama Educators Credit Union has increased its total deposits by $4.88 million, resulting in 7.16% 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 North Alabama Educators Credit Union has shown is excellent.
Capitalization
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. North Alabama Educators Credit Union has $79.37 million in assets with $5.81 million in equity, resulting in a capitalization level of 7.32%, which is below average.

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