MAX Credit Union is headquartered in Montgomery and is the 5th largest credit union in the state of Alabama. It is also the 240th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 299 employees and 120,732 members at 17 locations. MAX Credit Union's money market rates are 11X the national average, and it has a B health rating.
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
Overall | |
---|---|
NCUA # | 68575 |
Year Chartered | 1955 |
Employees | 299 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.56% |
Return on Equity - YTD | 20.27% |
Annual Interest Income | $36.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $2.01B$2.02B |
Loans | Q2 2023vs Q2 2022 | $1.04B$981.6MM |
Deposits | Q2 2023vs Q2 2022 | $1.82B$1.84B |
Equity Capital | Q2 2023vs Q2 2022 | $155.6MM$157.4MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$10.2MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $6.1MM$4.6MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $2.5k* | - | Share Account | ||
OTHER TIERS: 0.08% → $100 - $2.5k | |||||
0.15%* | $2.5k* | - | Club Accounts | ||
OTHER TIERS: 0.08% → $100 - $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
5.00%* | - | $2.5k | Elevate Money Market | ||
OTHER TIERS: 1.00% → $15k+ | 3.00% → $5k - $15k | 4.00% → $2.5k - $5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.53% | $5 | - | 6 Month Variable Rate IRA | |
2.53% | $5 | - | 12 Month Fixed Rate IRA | |
0.75% | $5 | - | 30 Month Fixed Rate IRA | |
0.65% | $5 | - | 18 Month Fixed Rate IRA |