Mutual Savings Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.75%	Reward Checking	Rising Rewards Checking 1.84% - National Average
1.35%	5-year CD	5 Year CD 2.35% - Synchrony Bank 60 Month CD
0.80%	1-year CD	1 Year CD 1.40% - Synchrony Bank 12 Month CD

View all Mutual Savings Credit Union rates »

Overview / Commentary

www.mutualsavings.org

205-682-1100

2040 Valleydale Rd
Hoover, AL 35244-2006

Mutual Savings Credit Union is headquartered in Hoover and is the 23^rd largest credit union in the state of Alabama. It is also the 1,082^nd largest credit union in the nation. It was established in 1936 and as of March of 2017, it had grown to 87 employees and 41,423 members at 10 locations. Mutual Savings Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Bibb, Blount, Autauga, Chilton, Clay, Dallas, Coosa, Shelby, Jefferson, St. Clair, Talladega, Walker, and Tuscaloosa Counties or within a 50-mile radius of Alexander City.
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Reviews (2)

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

Posted by: allimo883 | Oct 6, 2014

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!!!!!!!!!

Comment

3

Bad Service

Posted by: Anonymous | Oct 4, 2011

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.

Comment

2

Health

C+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	60501
Year Chartered	1936
Employees	87
Primary Regulator

Profit Margin
Return on Assets - YTD	0%
Return on Equity - YTD	0%
Annual Interest Income	$1.6MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$183.9MM$181.4MM
Loans	Q1 2017vs Q1 2016	$130.0MM$124.3MM
Deposits	Q1 2017vs Q1 2016	$151.0MM$148.4MM
Equity Capital	Q1 2017vs Q1 2016	$14.7MM$15.2MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$1.1MM$830.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$1.4MM$1.5MM
Real Estate Owned	Q1 2017vs Q1 2016	$2.5MM$3.0MM

Rates

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Checking
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* 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

APY	MIN	MAX	ACCOUNT NAME
0.10%	$25	-	Membership Share
0.10%	$100	-	Christmas Club
0.10%	$100	-	IRA Club
0.10%	$100	-	Basic Club
0.10%	$100	-	Share Savings Account
0.10%	$100	-	Vacation Club
0.05%	$2,500	-	Super Saver Clubs

Mutual Savings Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	$25k	-	Select Money Market
0.15%^*	$25k^*	-	Business Money Market
OTHER TIERS: 0.10% → $5k - $25k
0.10%	$5k	-	Better Money Market

Mutual Savings Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	-	$25k	Rising Rewards Checking - Qualifying
OTHER TIERS: 0.10% → $25k+
0.10%	$20k	-	Vision Business Checking

Mutual Savings Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.35%	-	-	5 Year CD
0.95%	-	-	3 Year CD
0.90%	-	-	2 Year CD
0.80%	-	-	1 Year CD
0.35%	-	-	6 Month CD

Mutual Savings Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.35%	-	-	5 Year IRA
0.95%	-	-	3 Year IRA
0.90%	-	-	2 Year IRA
0.80%	-	-	1 Year IRA
0.35%	-	-	6 Month IRA

Locations

Mutual Savings Credit Union Locations
Branch Office	199 Bessemer Super Hwy	Birmingham, AL 35228-2101
Branch Office	1501 7th St S	Clanton, AL 35045-8785
Branch Office	3596 Pelham Pkwy	Pelham, AL 35124-2034
Branch Office	907 Medical Center Pkwy	Selma, AL 36701-6746
Branch Office	136 Marketplace Cir Ste D	Calera, AL 35040
Branch Office	1030 Lee St	Alexander City, AL 35010-2655
Branch Office	2040 Valleydale Rd	Hoover, AL 35244-2006
Branch Office	3000 Winewood Rd	Birmingham, AL 35215
Branch Office	2725 35th Ave N	Birmingham, AL 35207-2839
Branch Office	16072 Highway 216	Brookwood, AL 35444