Mutual Savings Credit Union


Overview / Commentary
205-682-1100
2040 Valleydale Rd
Hoover, AL 35244

Mutual Savings Credit Union is headquartered in Hoover and is the 23rd largest credit union in the state of Alabama. It is also the 1,176th largest credit union in the nation. It was established in 1936 and as of March of 2021, it had grown to 71 employees and 27,929 members at 9 locations. Mutual Savings Credit Union has a B health rating.

Field of Membership Restrictions

Mutual Savings Credit Union is open to: (1) those who attend school, live, worship, or work in Autauga, Bibb, Blount, Chilton, Clay, Coosa, Dallas, Jefferson, Shelby, St. Clair, Talladega, Tuscaloosa, or Walker counties or within a 50-mile radius of Alexander City, Alabama; (2) family of existing Mutual Savings members; (3) an employee of a Mutual Savings sponsor group.
See current membership details

Reviews (2)

They Get 1 Star Because You Cant Go Lower!!!

Posted by: |

Customer service at this bank is HORRIBLE!!! If you ever get anyone on the phone, let expect you to pay a $3.00 fee. Mrs. Jackson over in loans is the rudest person in the HISTORY of customer service . When I asked to speak to her supervisor after she started yelling at me, she replied by saying "I am someone else!". I was calling because they debited my account without my authorization...and got absolutely NOTHING resolved. Steer clear of this bank! I wouldn't finance a piece of bubble gum or give them 50 cents to put in an account with my name on it!!!!!!!!!

Bad Service

Posted by: |

I have not been happy with the service the credit union provides. It is difficult to get anyone on the phone, or get a straight answer to any of my questions. If I could move my loan, I would.



Health

Health Grade Components

Overall
NCUA #60501
Year Chartered1936
Employees71
Primary Regulator
Profit Margin
Return on Assets - YTD0.05%
Return on Equity - YTD0.69%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$215.4MM$180.0MM
LoansQ1 2021vs Q1 2020$123.8MM$114.0MM
DepositsQ1 2021vs Q1 2020$193.9MM$157.8MM
Equity CapitalQ1 2021vs Q1 2020$16.1MM$16.7MM
Loan Loss AllowanceQ1 2021vs Q1 2020$860.00K$960.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$367.00K$379.00K
Real Estate OwnedQ1 2021vs Q1 2020$1.7MM$1.7MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Mutual Savings Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mutual Savings Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Christmas Club
0.10%$100-IRA Club
0.10%$100-Basic Club
0.10%$100-Vacation Club
0.05%$2.5k-Super Saver Clubs
0.05%$100-Share Savings Account

Mutual Savings Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Silver Elite Money Market
OTHER TIERS: 0.10% $25k - $75k | 0.15% $75k - $100k
0.20%*$100k*-Select Money Market
OTHER TIERS: 0.10% $2.5k - $75k | 0.15% $75k - $100k
0.10%$5k-Business Money Market

Mutual Savings Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*-$25kRising Rewards Checking - Qualifying
OTHER TIERS: 0.10% $25k+
0.10%$20k-Vision Business Checking

Mutual Savings Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%--5 Year CD
0.60%--60 Month Silver Elite CD
0.50%--3 Year CD
0.50%--36 Month Silver Elite CD
0.35%--2 Year CD
0.25%--1 Year CD
0.25%--12 Month Silver Elite CD
0.20%--6 Month CD

Mutual Savings Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%--5 Year IRA
0.60%--60 Month Silver Elite IRA
0.50%--3 Year IRA
0.50%--36 Month Silver Elite IRA
0.35%--2 Year IRA
0.25%--1 Year IRA
0.25%--12 Month Silver Elite IRA
0.20%--6 Month IRA
Locations


Mutual Savings Credit Union Locations
Branch Office199 Bessemer Super HwyBirmingham, AL 35228-2101
Branch Office1501 7th St SClanton, AL 35045-8785
Branch Office3596 Pelham PkwyPelham, AL 35124-2034
Branch Office907 Medical Center PkwySelma, AL 36701-6746
Branch Office136 Marketplace Cir Ste DCalera, AL 35040
Branch Office1030 Lee StAlexander City, AL 35010-2655
Branch Office2040 Valleydale RdHoover, AL 35244-2006
Branch Office3000 Winewood RdBirmingham, AL 35215
Branch Office16072 Highway 216Brookwood, AL 35444

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