Alabama State Employees Credit Union
Headquarters
4217 Lomac St
Montgomery, AL 36106
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2024 Overview
General Credit Union Information
Alabama State Employees is an NCUA insured institution located in Montgomery, AL. It was founded in 1954 and has approximately $398.31 millions in assets.
Who can join?
You can join if you live, work, worship, or attend school in any of the following counties: Montgomery, Autauga, Elmore, Bullock, Macon, Lowndes, Crenshaw, Pike or Butler. This also includes all family members as well.
n addition, all full-time and regular employees of the State of Alabama paid by State Payroll; retired state employees; permanent full-time employees of the Alabama Retired State Employees Association (ARSEA); Alabama State Employees Association (ASEA); employees of the Alabama State Employees’ Credit Union; Troy State University-Montgomery; all members of the Alabama Retired Employee Association; all participants in the Retirement Systems of Alabama (RSA) with the exceptions of the Teacher’s Retirement System; Tuscaloosa and Colbert County Commissions; the city employees of Tuscaloosa, Cherokee, Leighton, Muscle Shoals, Phil Campbell, Red Bay, Sheffield and Tuscumbia; employees of Frontier Yarns; and the employees of Northport Health Services, LLC. Also, anyone who is related by blood or marriage to all of the above mentioned qualified members.
Members that do not qualify in any other way can apply for Associate Membership in the Baptist Health Care Foundation.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 64598 |
| Date Established | 1954 |
| Assets | $398.31 million |
| Loans | $267.15 million |
| Deposits | $356.32 million |
| Capital | $47.65 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in any of the following counties: Montgomery, Autauga, Elmore, Bullock, Macon, Lowndes, Crenshaw, Pike or Butler. This also includes all family members as well.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Alabama State Employees
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Note to Alabama State Employees
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Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Alabama State Employees
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Alabama State Employees
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Alabama State Employees 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:
Columbus,Ohio
Climate Policy and Initiatives
ALABAMA STATE EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Alabama State Employees Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Alabama State Employees. 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 State Employees | U.S. Average |
|---|---|
| 3.14% | 6.97 |
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, 2023, Alabama State Employees had $1,322,332 in non-current loans and $265,200 in owned assets. To cover these potential losses it had $47,651,230 in net worth and $2,972,563 in loans loss reserves. That gives it a Texas Ratio of 3.14%.
Net Worth
| Alabama State Employees | U.S. Average |
|---|---|
| 11.95% | 13.62% |
Alabama State Employees FCU has a net worth of 11.95% versus the BestCashCow average of 13.62. 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 State Employees
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