Overview / Commentary
205-682-1100
2040 Valleydale Rd
Hoover, AL 35244-2006

Mutual Savings Credit Union is headquartered in Hoover and is the 24th largest credit union in the state of Alabama. It is also the 1,142nd largest credit union in the nation. It was established in 1936 and as of June of 2018, it had grown to 85 employees and 29,148 members at 9 locations. Mutual Savings Credit Union's money market rates are 2X the national average, and it has a B 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.
See current membership details

Reviews (2)

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!!!!!!!!!

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.



Health

Health Grade Components

Overall
NCUA #60501
Year Chartered1936
Employees85
Primary Regulator
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD2.56%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$177.2MM$177.1MM
LoansQ2 2018vs Q2 2017$125.4MM$130.3MM
DepositsQ2 2018vs Q2 2017$149.6MM$149.1MM
Equity CapitalQ2 2018vs Q2 2017$14.5MM$14.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.2MM$1.1MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$2.0MM$1.4MM
Real Estate OwnedQ2 2018vs Q2 2017$1.1MM$2.7MM
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/Vacation Club
0.10%$100-Share Savings Account
0.05%$2.5k-Super Saver Clubs

Mutual Savings Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$100k*-Silver Elite Money Market
OTHER TIERS: 0.65% $25k - $75k | 0.75% $75k - $100k
0.70%*$100k*-Select Money Market
OTHER TIERS: 0.35% $2.5k - $25k | 0.45% $25k - $75k | 0.60% $75k - $100k
0.15%*$25k*-Business Money Market
OTHER TIERS: 0.10% $5k - $25k

Mutual Savings Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$25kRising Rewards Checking - Qualifying
OTHER TIERS: 0.10% $25k+
0.10%$20k-Vision Business Checking

Mutual Savings Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%--60 Month Silver Elite CD
2.40%$3k-20 Month CD Special
1.80%--36 Month Silver Elite CD
1.60%--12 Month Silver Elite CD
1.35%--5 Year CD
1.10%--3 Year CD
1.00%--2 Year CD
0.90%--1 Year CD
0.55%--6 Month CD

Mutual Savings Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%--5 Year IRA
1.10%--3 Year IRA
1.00%--2 Year IRA
0.90%--1 Year IRA
0.55%--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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