Alabama Credit Union is headquartered in Tuscaloosa and is the 6th largest credit union in the state of Alabama. It is also the 252nd largest credit union in the nation. It was established in 1956 and as of June of 2024, it had grown to 370 employees and 163,816 members at 37 locations. Alabama Credit Union's money market rates are 7X the national average, and it has a B health rating.
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 those who live, work, or attend school in the Alabama counties of Baldwin, Bibb, Blount, Cullman, Escambia, Fayette, Hale, Jefferson, Lamar, Lawrence, Limestone, Madison, Marion, Marshall, Mobile, Morgan, Pickens, Shelby, Tuscaloosa, Walker, or Winston, and Escambia County in Florida.
See current membership details
Overall | |
---|---|
NCUA # | 60823 |
Year Chartered | 1956 |
Employees | 370 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | -0.19% |
Return on Equity - YTD | -3.41% |
Annual Interest Income | $48MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2024vs Q2 2023 | $1.93B$1.8B |
Loans | Q2 2024vs Q2 2023 | $1.48B$1.41B |
Deposits | Q2 2024vs Q2 2023 | $1.62B$1.43B |
Equity Capital | Q2 2024vs Q2 2023 | $110.3MM$106.8MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $11.6MM$6.4MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $16.9MM$18.4MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Alabama Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.26% | $0 | - | IRA Savings Account | |
0.25% | $5 | - | Share Savings Account | |
0.25% | $0 | - | Special Savings Account | |
0.25% | $0 | - | Vacation Club Account | |
0.25% | $0 | - | Holiday Saving |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.03%* | $100k* | - | Daily Money Market | ||
OTHER TIERS: 0.50% → $2.5k - $10k | 0.55% → $10k - $25k | 0.60% → $25k - $50k | 0.70% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
5.00% | $5k | - | 7 Month CD | |
4.93% | $500 | - | 18 Month CD | |
4.83% | $500 | - | 12 Month CD | |
4.06% | $500 | - | 24 Month CD | |
4.00% | $500 | - | 6 Month CD | |
3.54% | $500 | - | 36 Month CD | |
3.44% | $500 | - | 48 Month CD | |
3.44% | $500 | - | 60 Month CD |