Family Savings Credit Union

Overview / Commentary
711 E Meighan Blvd
Gadsden, AL 35903

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 447th largest credit union in the nation. It was established in 1951 and as of March of 2024, it had grown to 251 employees and 75,621 members at 12 locations. Family Savings Credit Union's CD rates are 6X the national average, and it has a B+ health rating.

Field of Membership Restrictions

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

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Reviews (4)

Customer Service

I don't know what the previous reviewer was talking about. I have found customer service to be excellent. The folks at the branches have gone out of their way to assist me in several different issues I have needed help with.

Fast Approval

Posted by: |

i had read the only review on here and I had doubts, but I went ahead and I am very happy. I filled the application out online about 12 o'clock at night and I had an account the next morning . I went to member services the next morning and Family Savings Credit Union printed my debiy card out right then. The lady who took care of me was coutepus and very friendly. I could have gotten debit cards just mailed but it would have been a week before I got them. Even if there wasa question it really is not but a call away. I would recommend this to anyone, the only thing that is really a drawback is you uave to have account open 30 days before you can so mobile deposits but transfering is instant. Overall I am really happy.

Good local bank - needs fraud updates.

While we loved our time with this bank and the almost NO fees that we were charged, they are lacking in one area. Fraud protection. We've had to replace ATM/Debit cards multiple times due to 'data breech' and when money was illegally taken out of our account, it took over a week for them to be able to reverse the charge. It was not an instant reversal like the bigger banks are able to do. Thus it meant that some of our other bills were late as that money was tied up in this fraud charge.

So Far, Customer Service Is Non-Existent

I applied for a Kasasa Checking account online. My application was submitted on Sep. 1st. The credit union emailed me and said they would contact me "within one business day". As of Sep. 4th, they have not contacted me about opening my Kasasa checking account, even though I have called them and left a voice mail and emailed them twice. They hide behind their voicemail to censor incoming calls. So far, they have not made it possible to contact a living, breathing human being on the phone. I hope this is not a harbinger of things to come. Perhaps I should try another bank or credit union? Perhaps I will finally hear from them by Sep. 8th or 9th? That is definitely not honoring their commitment to me, to contact me within one business day (of September 1st). P.S. They did reply to one email only to tell me that I had never applied for a Kasasa checking account, which is completely false. Family Savings Credit Union originally sent me an email stating "Application Successful
Confirmation Number: 55e5f6be6e720". Beyond this, they have completely dropped the ball.

Update - 09/04/2014 I was contacted by Family Savings Credit Union at 4:50 pm. The woman I spoke with attempted to defend herself and blame my for the problems. After several minutes of trying to place the blame on me, she finally admitted that I applied for a Kasasa Cash account with Family Savings Credit Union of September 1st - "Your application for Kasasa Cash was submitted.

You will be contacted within one business day by a representative at Family Savings Credit Union." My evidence of my application is "Application Successful
Confirmation Number: 55e5f6be6e720".
Once again, I was not contacted by Family Savings Credit Union until 4:50 pm on Sep. 4th. And this conversation was an unpleasant one. It felt like I was debating with a sleazy politician or a lawyer. The credit union representative initially refused to acknowledge the truth or admit any facts. Only because I persisted did I finally get an "I'm sorry". And that was it...I will not do business or open an account with this Credit Union. Prior to applying for my Kasasa Cash account online, I had emailed Family Savings Credit Union from my another email account and asked them a question about Kasasa Cash. In my unpleasant phone conversation today, the Family Savings Credit Union employee kept falsely claiming that I was wrong...Family Savings Credit Union had contacted me...but her answers were deceitful. Yes...Family Savings had previously contacted me at another email address to answer a general question that I had asked about their Kasasa Checking account. But this had NOTHING to do with my subsequent application for a Kasasa Cash checking account. Answering a previous question...I asked them "Does an ACH withdrawal count as a debit transaction with a Kasasa checking account?"...their answering this question does not qualify as contacting me regarding my online application to open a Kasasa Cash account. Talking with this woman was like talking with a sleazy defense attorney. Family Savings Credit Union emailed me at another email address and answered
"Good Morning,
An ach withdrawal does not count toward a KASASA transaction because the transactions have to come from the debit card.
Family Savings Credit Union
Member Services
1-888-311- FSCU(3728) or (256) 543-9530."
So according to Family Savings Credit Union and their twisted logic, I am wrong in saying they never contacted me about my application to open a Kasasa Cash account. I feel like I need to take a shower now, after finally talking with them. Regardless of their trickery and verbal gymnastics, I repeat my claim. I applied for a Kasasa Cash checking account with Family Savings Credit Union on September 1st. They sent me an automatic reply email on September 1st stating that they would contact me "within one business day" regarding my successful online account application. Three (3) business days later (on Sep. 4th), I finally heard from Family Savings Credit Union regarding my online account application (they finally told me my application was unsuccessful). Apparently, someone from the FSCU has read or heard my complaint and they called me to basically blame me, defend themselves and cover their actions. Truly pathetic customer service! The FSCU employee begrudgingly admitted that my claim was true at the end of our conversation and finally said "I'm sorry." And finally, I agree with something that FSCU says. Family Savings Credit Union of Gadsden, Alabama is SORRY! Instead of finally contacting me to apologize and help me to open my account, they called me to defend themselves, justify their position and to falsely deny my complaint. Thank you for revealing your true character FSCU, I will not waste any more time with your credit union. When FSCU called me today at 4:50 pm, they called me today to DENY my accusation, NOT to help me. But I speak the truth. Beware of Family Savings Credit Union of Gadsden, Alabama. When they finally did contact me today, they told me my online application was unsuccessful and that I must apply for the checking account in person at a branch office...which directly contradicts this statement from their website "Application Successful
Confirmation Number: 55e5f6be6e720". Most of what FSCU has told me is simply not true! Contacting an applicant 3 business days later is not contacting an applicant within one business day (which was my original complaint). However, the Family Savings Credit Union representative argued repeatedly with me over this before she FINALLY admitted that yes...3 business days is longer than 1 business day. But only after she repeatedly claimed that FSCU did contact me about my online application to open my Kasasa Cash checking account sooner than three business days, which is 100% false and 100% not true! In their refusal to initially admit the truth, they were being deceitful with me...which makes me angry.
Yes, I am making a big deal about what seems like a minor matter because in my interaction with Family Savings Credit Union, their responses have been downright DECEITFUL and UNDERHANDED. Give me a break! And the only thing that I can do about it is to let all of you know what happened, which is what I'm doing now.


Health Grade Components

NCUA #68628
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD6.36%
Annual Interest Income$14MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1B$826.7MM
LoansQ1 2024vs Q1 2023$790.4MM$700.4MM
DepositsQ1 2024vs Q1 2023$843MM$707.2MM
Equity CapitalQ1 2024vs Q1 2023$84.6MM$75.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.9MM$5MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.3MM$4.7MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Family Savings Credit Union Savings Account Rates

1.50%*$0$25kNGAGE Savings
OTHER TIERS: 0.70% $25k+
0.45%*$10k*-IRA Share Account
OTHER TIERS: 0.15% $0 - $2k | 0.35% $2k - $10k
0.30%*$10k*-Regular Share Savings
OTHER TIERS: 0.20% $2k - $10k
0.20%$1-Christmas Club Account

Family Savings Credit Union Checking Account Rates

3.00%*$0$25kNGAGE Checking
OTHER TIERS: 1.00% $25k+
0.10%$10k-Member's Choice Checking
0.10%$10k-Freedom Checking
0.10%$10k- Cha-Ching Teen Checking

Family Savings Credit Union CD Rates

5.00%$500-12 Month CD
5.00%$500-18 Month CD Special
4.75%$500-24 Month CD
4.25%$500-36 Month CD
4.00%$500-48 Month CD
4.00%$500-60 Month CD
2.53%$500-180 Day CD

Family Savings Credit Union IRA Rates

5.00%$500-12 Month IRA
5.00%$500-18 Month IRA Special
4.75%$500-24 Month IRA
4.25%$500-36 Month IRA
4.00%$500-48 Month IRA
4.00%$500-60 Month IRA
2.53%$500-180 Day IRA


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