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Alabama Credit Union


Overview / Commentary
205-348-5944
909 Anna Ave
Tuscaloosa, AL 35401

Alabama Credit Union is headquartered in Tuscaloosa and is the 6th largest credit union in the state of Alabama. It is also the 353rd largest credit union in the nation. It was established in 1956 and as of March of 2019, it had grown to 248 employees and 88,194 members at 31 locations. Alabama Credit Union's money market rates are 84% 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

Reviews (1)

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.



Health

Health Grade Components

Overall
NCUA #60823
Year Chartered1956
Employees248
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD6.85%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$903.4MM$876.6MM
LoansQ1 2019vs Q1 2018$523.2MM$429.8MM
DepositsQ1 2019vs Q1 2018$788.5MM$771.3MM
Equity CapitalQ1 2019vs Q1 2018$91.8MM$85.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.1MM$1.4MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$4.6MM$2.4MM
Real Estate OwnedQ1 2019vs Q1 2018$0$33.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.81%*$100k*-Daily Money Market
OTHER TIERS: 0.56% $2.5k - $10k | 0.61% $10k - $25k | 0.66% $25k - $50k | 0.71% $50k - $100k

Alabama Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-60 Month CD
2.52%$500-60 Month Bump-Up Special
2.27%$500-18 Month CD Special - New Money
2.22%$500-48 Month CD
2.07%$500-15 Month CD
2.02%$500-30 Month CD
1.86%$500-36 Month CD
1.71%$500-24 Month CD
1.61%$500-12 Month CD
1.50%$500-7 Month CD
1.15%$500-6 Month CD
Locations

Availability



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