Alabama Credit Union is headquartered in Tuscaloosa and is the 6th largest credit union in the state of Alabama. It is also the 254th largest credit union in the nation. It was established in 1956 and as of September of 2024, it had grown to 376 employees and 146,607 members at 37 locations. Alabama Credit Union 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 | |
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NCUA # | 60823 |
Year Chartered | 1956 |
Employees | 376 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | -0.02% |
Return on Equity - YTD | -0.39% |
Annual Interest Income | $71.9MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $1.92B$1.93B |
Loans | Q3 2024vs Q3 2023 | $1.5B$1.48B |
Deposits | Q3 2024vs Q3 2023 | $1.64B$1.46B |
Equity Capital | Q3 2024vs Q3 2023 | $116.9MM$105.7MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $10.5MM$6.6MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $18.7MM$16.7MM |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
Rates for Alabama Credit Union are currently being reviewed.