Overview / Commentary
AlaTrust Credit Union is headquartered in Hoover and is the 29th largest credit union in the state of Alabama. It is also the 1,340th largest credit union in the nation. It was established in 1935 and as of June of 2020, it had grown to 35 employees and 11,930 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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60934 |
| Year Chartered | 1935 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 4.03% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $154.5MM$139.1MM |
| Loans | Q2 2020vs Q2 2019 | $76.2MM$69.9MM |
| Deposits | Q2 2020vs Q2 2019 | $133.8MM$119.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $20.1MM$18.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.4MM$1.2MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.7MM$184.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$329.00K |