Overview / Commentary
AlaTrust Credit Union is headquartered in Hoover and is the 28th largest credit union in the state of Alabama. It is also the 1,315th largest credit union in the nation. It was established in 1935 and as of September of 2022, it had grown to 40 employees and 12,323 members at 6 locations. AlaTrust Credit Union has an A health rating.
Field of Membership Restrictions
Membership to Ala Trust Credit Union is available to those who live, work, worship or attend school in the Alabama counties of Calhoun, Coosa, Cullman, Elmore, Jefferson, Russell, Shelby, St. Clair, Talladega, Tallapoosa, Walker, or Winston. Employees of more than 150 SEGs qualify for membership, as do family members of a current Ala Trust Credit Union member.
See current membership details
Health
A
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60934 |
| Year Chartered | 1935 |
| Employees | 40 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.34% |
| Return on Equity - YTD | 17.53% |
| Annual Interest Income | $4.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $185.0MM$178.8MM |
| Loans | Q3 2022vs Q3 2021 | $105.8MM$77.3MM |
| Deposits | Q3 2022vs Q3 2021 | $170.0MM$156.6MM |
| Equity Capital | Q3 2022vs Q3 2021 | $14.0MM$21.1MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $1.2MM$1.3MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $595.00K$314.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |