Alabama Credit Union


Overview / Commentary
888-817-2002
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 297th largest credit union in the nation. It was established in 1956 and as of June of 2022, it had grown to 325 employees and 124,160 members at 36 locations. Alabama Credit Union has a B+ 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
B+

Health Grade Components

Overall
NCUA #60823
Year Chartered1956
Employees325
Primary Regulator
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD14.6%
Annual Interest Income$23.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.48B$1.29B
LoansQ2 2022vs Q2 2021$1.05B$774.4MM
DepositsQ2 2022vs Q2 2021$1.34B$1.17B
Equity CapitalQ2 2022vs Q2 2021$100.8MM$110.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.6MM$3.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.3MM$2.7MM
Real Estate OwnedQ2 2022vs Q2 2021$0$355.00K
Rates

Rates for Alabama Credit Union are currently being reviewed.

Locations

Availability



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