ASE Credit Union (AL) is headquartered in Montgomery and is the 17th largest credit union in the state of Alabama. It is also the 764th largest credit union in the nation. It was established in 1954 and as of December of 2020, it had grown to 109 employees and 43,223 members at 10 locations. ASE Credit Union (AL) has an A health rating.
Field of Membership Restrictions
Membership in ASE Credit Union is open to those who live, work, worship, or attend school in the Alabama counties of Autauga, Bullock, Butler, Chilton, Crenshaw, Dallas, Elmore, Lowndes, Macon, Montgomery, Perry, Pike, or Wilcox. Employees and retirees of the State of Alabama also qualify for membership, as do employees of ARSEA, ASEA, or Troy University (Montgomery).
See current membership details
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Great local banking
I love this credit union. It's a small, local one in my area of Alabama. The people there are super-friendly and helpful. While they don't always have all the things that the big banks offer, they make up for it with small-town charm. They have good rates and a decent checking account.
Why I love my ASE Credit Union
I opened an account with Alabama Credit Union, ASE in Wetumpka, Alabama, back in 2004. Having moved from a large city in another state I enjoyed the 'hometown' feel of this branch. The customer service was great. I found it much easier to communicate and do business with a community institution. It was easier to go in and speak with someone and develop a personal relationship with the staff as opposed to calling or the dreaded automated system. When I needed to take out a loan, I was no stranger. I was addressed by my first name and the bank manager himself helped me through the process. The fees are much more reasonable than a regular bank and the interest rate was a tad higher. They offered good choices on what type of banking I needed, including free checking, and checks. They even helped me formulate a financial plan of sorts to accomplish my goals. I have since moved and really miss the people at that particular branch.
A couple of months ago, I wanted to open an account with Guardian Credit Union in the city I currently reside. People I work with said they were good. I cannot believe that I went into the branch twice and they were so busy I was never waited on. They are VERY understaffed. All in all I prefer to do business with a credit union.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64598 |
| Year Chartered | 1954 |
| Employees | 109 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.27% |
| Return on Equity - YTD | 3% |
| Annual Interest Income | $13.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $393.1MM$323.9MM |
| Loans | Q4 2020vs Q4 2019 | $214.2MM$200.5MM |
| Deposits | Q4 2020vs Q4 2019 | $356.3MM$288.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $35.3MM$33.1MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $3.1MM$2.7MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $904.00K$1.8MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $61.00K$19.00K |