Guardian Credit Union (AL) is headquartered in Montgomery and is the 10th largest credit union in the state of Alabama. It is also the 433rd largest credit union in the nation. It was established in 1958 and as of December of 2023, it had grown to 261 employees and 88,681 members at 16 locations. Guardian Credit Union (AL) has a B health rating.
Field of Membership Restrictions
Membership in Guardian Credit Union is open to individuals who live, work, worship, or attend school in the Alabama counties of Autauga, Butler, Chilton, Coosa, Covington, Crenshaw, Elmore, Lee, Lowndes, Macon, Montgomery, Pike, Russell, or Tallapoosa. Active or retired Alabama Army or Air National Guard personnel also qualify for membership.
See current membership details
Ultimate Checking Requirement Changes April 1, 2022
Guardian announced Ultimate checking requirement changes effective immediately for new accounts and effective April 1, 2022 on existing accounts.
The new requirements follow from Guardian's web page:
"Ultimate Checking
A checking account with the ultimate perks
Earn a whopping 4.0% APY on your average daily balance.***
Out-of-network ATM fee refund (up to $6/month)
Monthly Requirements
- Minimum of 25 debit card transactions
- $500 minimum spend
If the monthly requirements are not met, the dividend and ATM fee refund will not be paid and a $10 fee will be applied. One Ultimate Checking account per member. "
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68374 |
| Year Chartered | 1958 |
| Employees | 261 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.03% |
| Return on Equity - YTD | 12.38% |
| Annual Interest Income | $56.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $1.02B$865.3MM |
| Loans | Q4 2023vs Q4 2022 | $839.1MM$697.2MM |
| Deposits | Q4 2023vs Q4 2022 | $850.5MM$747.8MM |
| Equity Capital | Q4 2023vs Q4 2022 | $82.4MM$74.9MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $10.5MM$8MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $14.7MM$10.3MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $217K$913K |
