Overview / Commentary
MAX Credit Union is headquartered in Montgomery and is the 5th largest credit union in the state of Alabama. It is also the 223rd largest credit union in the nation. It was established in 1955 and as of June of 2022, it had grown to 297 employees and 118,576 members at 18 locations. MAX Credit Union has an A health rating.
Field of Membership Restrictions
Membership in MAX Credit Union is open to those who live, work, attend school, or worship in the Alabama counties of Autauga, Bullock, Butler, Chambers, Chilton, Coosa, Crenshaw, Dallas, Elmore, Lee, Lowndes, Macon, Montgomery, Pike, Russell, Shelby, or Tallapoosa, or the Georgia counties of Chattahoochee, Harris, Marion, Muscogee, or Troup.
See current membership details
Health
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68575 |
| Year Chartered | 1955 |
| Employees | 297 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 8.21% |
| Annual Interest Income | $25.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $2.02B$1.93B |
| Loans | Q2 2022vs Q2 2021 | $981.6MM$925.8MM |
| Deposits | Q2 2022vs Q2 2021 | $1.84B$1.70B |
| Equity Capital | Q2 2022vs Q2 2021 | $157.4MM$220.7MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $10.2MM$12.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $4.6MM$5.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
