Alabama Credit Union

Headquarters

P. O. Box 862998
Tuscaloosa, AL 35486
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.26% 1.02% →
1-Year CD 0.66% 1.45% →
2-Year CD 0.81% 2.86% →
5-Year CD 1.36% 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Alabama is an NCUA insured institution located in Tuscaloosa, AL. It was founded in 1956 and has approximately $1400.92 millions in assets.

Who can join?

Persons residing, working, or attending school in Blount, Cullman, Fayette, Hale, Jefferson, Lamar, Limestone, Madison, Marion, Marshall, Mobile, Morgan, Shelby, Tuscaloosa, Walker or Winston counties of Alabama

Persons residing, working, attending school, or owning property in Baldwin County, Alabama

Businesses located in Baldwin, Blount, Cullman, Fayette, Hale, Jefferson, Lamar, Limestone, Madison, Marion, Marshall, Mobile, Morgan, Shelby, Tuscaloosa, Walker or Winston county

Retired employees, widows, widowers and children of employees of the above employee groups, anyone related by blood or marriage to a current member of Alabama Credit Union, and organizations of such persons.

Members of a Select Employee Group

Members of Select Associations, which include:

Members of the Tuscaloosa County Chapter of The UA National Alumni Association
Members of The University of Alabama National Alumni Association
Members of UAH Alumni Association
Students of The University of Alabama in Huntsville
Members of the Future Alumni for Tradition and Excellence
Members, Hillcrest Gardens Neighborhood Association, Tuscaloosa County
Members, Clear Creek Colony Homeowners Association, Tuscaloosa
Members of the Academy Drive Neighborhood Association, Tuscaloosa

NCUA Insured Yes / State-Chartered
Charter Number # # 60823
Date Established 1956
Assets $1,400.92 million
Loans $851.76 million
Deposits $1,243.91 million
Capital $144.98 million
 

Field of Membership Restrictions

Membership in Alabama Credit Union is open anyone through membership in The Secret Meals Association (application to join is on the credit union's site-$10 association member fee). Membership is also open to to those who live, work, or attend school in Baldwin, Blount, Cullman, Fayette, Hale, Jefferson, Lamar, Limestone, Madison, Marion, Marshall, Mobile, Escambia County, Morgan, Shelby, Tuscaloosa, Walker or Winston counties in Alabama and a select area of Escambia County in Florida.

Deposit Rates - May 21, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.26% $2,500 $4,999 Learn More
Money Market
0.31% $2,500 $2,999 Learn More
Money Market
0.36% $10,000 $14,999 Learn More
Money Market
0.36% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.66% $10,000 $14,999 Learn More
12 Mo CD
0.66% $100,000 $199,999 Learn More
18 Mo CD
0.76% $10,000 $14,999 Learn More
18 Mo CD
0.76% $100,000 $199,999 Learn More
24 Mo CD
0.81% $10,000 $14,999 Learn More
24 Mo CD
0.81% $100,000 $199,999 Learn More
30 Mo CD
0.91% $10,000 $14,999 Learn More
30 Mo CD
0.91% $100,000 $199,999 Learn More
36 Mo CD
1.01% $10,000 $14,999 Learn More
36 Mo CD
1.01% $100,000 $199,999 Learn More
48 Mo CD
1.11% $10,000 $14,999 Learn More
48 Mo CD
1.11% $100,000 $199,999 Learn More
60 Mo CD
1.36% $10,000 $14,999 Learn More
60 Mo CD
1.36% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.26% $1 $499 Learn MoreShow Less

Loan Rates - May 21, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for ALABAMA

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
4.975% 4.875% 0.75 $2,870 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to ALABAMA
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Alabama branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Alabama Locations



Climate Initiatives

ALABAMA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Alabama Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Alabama. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Alabama U.S. Average
17.10% 4.85

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2021, Alabama had $24,886,110 in non-current loans and $562,141 in owned assets. To cover these potential losses it had $144,982,961 in net worth and $3,814,746 in loans loss reserves. That gives it a Texas Ratio of 17.10%.

Net Worth
Alabama U.S. Average
10.34% 12.36%

Alabama FCU has a net worth of 10.34% versus the BestCashCow average of 12.36. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for ALABAMA


  • August 11, 2021 |

    Terrible Customer Service by Manager

Add Your Review

Rate it here →