Railroad Community Credit Union is headquartered in Irondale and is the 32nd largest credit union in the state of Alabama. It is also the 1,591st largest credit union in the nation. It was established in 1956 and as of March of 2020, it had grown to 8 employees and 5,054 members at 1 location. Railroad Community Credit Union's savings rates are 35% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Railroad Community Credit Union is open to the following: 1) those who live or work in Blount, Jefferson, St. Clair, Shelby, Tuscaloosa, or Walker Counties in Alabama; 2) Norfolk Southern employees working out of Norris Yard in Irondale, Alabama; 3) employees of the City of Irondale and Morris Shea Bridge.
See current membership details
Nice One-Location CU
Their rate competitiveness has gone down, so I have only had the minimum deposit for about a year now. I've previously held a couple CDs and my first car loan was with these guys. Until recently, this was where I held my emergency fund.
It's a small, single-location credit union. There is no online account access although you can do a lot of on the phone. As far as customer service, they'll remember your name by your third visit and the bank manager will probably be the person you get bumped to if the teller can't help.
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68688 |
| Year Chartered | 1956 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.08% |
| Return on Equity - YTD | 0.65% |
| Annual Interest Income | $621.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $108.1MM$106.6MM |
| Loans | Q1 2020vs Q1 2019 | $12.6MM$13.4MM |
| Deposits | Q1 2020vs Q1 2019 | $94.5MM$93.4MM |
| Equity Capital | Q1 2020vs Q1 2019 | $13.6MM$12.9MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $226.00K$170.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $41.00K$107.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |