Family Savings Credit Union is headquartered in Rainbow City and is the 12th largest credit union in the state of Alabama. It is also the 439th largest credit union in the nation. It was established in 1951 and as of June of 2024, it had grown to 269 employees and 76,188 members at 12 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 | 269 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.84% |
Return on Equity - YTD | 9.67% |
Annual Interest Income | $28.6MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $1.02B$878.2MM |
Loans | Q2 2024vs Q2 2023 | $812MM$741.7MM |
Deposits | Q2 2024vs Q2 2023 | $854.3MM$730MM |
Equity Capital | Q2 2024vs Q2 2023 | $87.5MM$78.3MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $6.2MM$5.1MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $7.8MM$4.8MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
Rates for Family Savings Credit Union are currently being reviewed.