ALABAMA

P. O. Box 862998
Tuscaloosa, AL 35486

 

2018 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 60823
Date Established 1956
Assets $877.69 million
Loans $465.21 million
Deposits $773.81 million
Capital $90.46 million

Alabama is an NCUA insured institution located in Tuscaloosa, AL. It was founded in 1956 and has approximately $877.69 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

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 - November 20, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.46% $2,500 $9,999 Learn MoreShow Less
Money Market
0.46% $10,000 $24,999 Learn MoreShow Less
Money Market
0.51% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.46% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
Variable IRA Rates APY MIN MAX
Var IRA
0.26% $25 - Learn MoreShow Less

Loan Rates - November 20, 2018

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.751% 4.750% 0.00 $30 $1,305 Learn More
CapWest Home Loans
NMLS ID: 6521
5.035% 5.000% 0.00 $997 $1,343 Learn More
Ally Bank
NMLS ID: 181005
4.926% 4.875% 0.25 $1,554 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.49% $284 Learn More
Third Federal Savings and Loans 4.24% $246 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

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
6.70% 5.78

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 June 30, 2018, Alabama had $5,513,445 in non-current loans and $646,992 in owned assets. To cover these potential losses it had $90,459,587 in net worth and $1,544,129 in loans loss reserves. That gives it a Texas Ratio of 6.70%.

Net Worth
Alabama U.S. Average
10.3% 13.21%

Alabama FCU has a net worth of 10.3% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions On Alabama

What is Alabama?

A federal credit union, registered with the NCUA under certificate #60823.
Learn more about credit unions here.

Is Alabama FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Alabama?

Please see Field of Membership information above for information on who is eligible to join.

What are Alabama's share account and share certificate rates?

Alabama's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Alabama?

Alabama has total capital of $90.46 million. Full information on Alabama's financial position is located above.

Who owns Alabama?

Credit Unions are owned by their members.

Where are Alabama branches located?

See branch locations nearby.

Are Alabama ATMs Open 24/7?

Do Alabama ATMs accept cash deposits?

Can Alabama customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Alabama have a mobile app?

Does Alabama have mobile deposit?

Does Alabama have quick pay?

How can Alabama transfer money to other banks or credit unions?

Does Alabama report to credit bureaus?

Does Alabama use Chexsystems?

Does Alabama use Equifax?

What is Alabama's toll free phone number?

What is Alabama's ACH Routing Number?

What is Alabama's SWIFT code?

Where can I find Alabama's wire transfer form?

What is the Alabama address for deposits?

What Products Does Alabama Offer

Does Alabama offer mortgages?

Compare mortgage rates here.

Does Alabama offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Alabama offer auto and RV loans?

Compare auto loan rates here.

Does Alabama offer student loans or personal loans?

Compare personal loan rates here.

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