Alabama Credit Union is headquartered in Tuscaloosa and is the 6th largest credit union in the state of Alabama. It is also the 337th largest credit union in the nation. It was established in 1956 and as of September of 2020, it had grown to 270 employees and 100,149 members at 33 locations. Alabama Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Alabama Credit Union is open anyone through membership in The Secret Meals Association (application to join is on the credit union's site-$10 association member fee). Membership is also open to to those who live, work, or attend school in Baldwin, Blount, Cullman, Fayette, Hale, Jefferson, Lamar, Limestone, Madison, Marion, Marshall, Mobile, Escambia County, Morgan, Shelby, Tuscaloosa, Walker or Winston counties in Alabama and a select area of Escambia County in Florida.
See current membership details
Alabama Credit Union Rocks!
I have been with Alabama Credit Union, a small bank with locations in Alabama, Mississippi, and Florida, since 2008. Since 2008, it has grown and opened several more locations, but the level of service has remained constant. They have always been able to answer any questions that I have. They have always had locations for me to easily access. While I lived in Tuscaloosa, they had a branch on the University of Alabama's campus which made going to the bank very easily. As I previously stated, they have been growing, and they now have a branch in my hometown, which I am quite pleased about. They always have my bank statements updated and correct. For me, banking with this smaller credit union is much more rewarding than banking with someone like Wells Fargo, Chase, PNC, etc. It has a much more "home town" and familiar feel.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60823 |
| Year Chartered | 1956 |
| Employees | 270 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 3.78% |
| Annual Interest Income | $25.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $1.12B$920.3MM |
| Loans | Q3 2020vs Q3 2019 | $664.2MM$571.2MM |
| Deposits | Q3 2020vs Q3 2019 | $995.9MM$806.7MM |
| Equity Capital | Q3 2020vs Q3 2019 | $103.9MM$96.5MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $3.0MM$2.4MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $2.6MM$3.6MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$54.00K |
