Alabama Credit Union is headquartered in Tuscaloosa and is the 6th largest credit union in the state of Alabama. It is also the 351st largest credit union in the nation. It was established in 1956 and as of September of 2019, it had grown to 256 employees and 92,050 members at 31 locations. Alabama Credit Union's CD rates are 79% higher than the national average, and it 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 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60823 |
| Year Chartered | 1956 |
| Employees | 256 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 5.81% |
| Annual Interest Income | $24.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $920.3MM$873.9MM |
| Loans | Q3 2019vs Q3 2018 | $571.2MM$484.5MM |
| Deposits | Q3 2019vs Q3 2018 | $806.7MM$769.0MM |
| Equity Capital | Q3 2019vs Q3 2018 | $96.5MM$85.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $2.4MM$1.6MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $3.6MM$3.5MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $54.00K$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.
Alabama Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.26% | $5 | - | Share Savings Account | |
| 0.26% | $5 | - | Organizational Savings Account | |
| 0.26% | - | - | Christmas Club Account | |
| 0.26% | - | - | Vacation Club Account | |
| 0.26% | - | - | IRA Savings Account |
Alabama Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.56%* | $100k* | - | Daily Money Market | ||
| OTHER TIERS: 0.41% → $2.5k - $10k | 0.46% → $10k - $50k | 0.51% → $50k - $100k | |||||
