Family Savings Credit Union is headquartered in Rainbow City and is the 11th largest credit union in the state of Alabama. It is also the 425th largest credit union in the nation. It was established in 1951 and as of March of 2025, it had grown to 285 employees and 77,364 members at 14 locations. Family Savings Credit Union has a B+ health rating.
Membership in Family Savings Credit Union is open to those who live, work, worship, attend school, or regularly conduct business in the Alabama counties of Blount, Calhoun, Cherokee, Cleburne, Cullman, DeKalb, Etowah, Jackson, Madison, Marshall, Morgan, St. Clair, or Talladega. Individuals who live or work in the Georgia counties of Bartow, Carroll, Catoosa, Chattooga, Cherokee, Cobb, Dade, Douglas, Floyd, Gordon, Haralson, Murray, Paulding, Polk, Whitfield, or Walker also qualify for membership.
See current membership details
Overall | |
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NCUA # | 68628 |
Year Chartered | 1951 |
Employees | 285 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.51% |
Return on Equity - YTD | 5.95% |
Annual Interest Income | $15.7MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $1.09B$1B |
Loans | Q1 2025vs Q1 2024 | $896.1MM$790.4MM |
Deposits | Q1 2025vs Q1 2024 | $929.6MM$843MM |
Equity Capital | Q1 2025vs Q1 2024 | $91.5MM$84.6MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $6.8MM$5.9MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $9MM$7.3MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $527K$0 |
Rates for Family Savings Credit Union are currently being reviewed.