2024 Overview
General Credit Union Information
Alabama is an NCUA insured institution located in Tuscaloosa, AL. It was founded in 1956 and has approximately $1929.07 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 | $1,929.07 million |
| Loans | $1,483.45 million |
| Deposits | $1,619.52 million |
| Capital | $181.79 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 - November 16, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.26% | $2,500 | $4,999 |
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|
|
Money Market
|
0.31% | $2,500 | $2,999 |
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|
|
Money Market
|
0.36% | $10,000 | $14,999 |
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|
|
Money Market
|
0.36% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.66% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.66% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.76% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.76% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.81% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.81% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.91% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.91% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.11% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.36% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.36% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.26% | $1 | $499 | Learn More |
Loan Rates - November 16, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
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:
Columbus,Ohio
Alabama Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 409.98 | A | View Lobby Hours | |
| 410.11 | B | View Lobby Hours | |
| 410.13 | C | View Lobby Hours | |
| 428.07 | D | View Lobby Hours | |
| 450.35 | E | View Lobby Hours | |
| 502.16 | F | View Lobby Hours | |
| 519.90 | G | View Lobby Hours | |
| 520.73 | H | View Lobby Hours | |
| 521.07 | I | View Lobby Hours | |
| 523.46 | J | View Lobby Hours | |
| 524.27 | K | View Lobby Hours | |
| 524.96 | L | View Lobby Hours | |
| 525.04 | M | View Lobby Hours | |
| 530.32 | N | View Lobby Hours | |
| 701.82 | O | View Lobby Hours | |
| 705.63 | P | View Lobby Hours | |
| 711.58 | Q | View Lobby Hours | |
| 714.29 | R | View Lobby Hours |
Climate Policy and Initiatives
ALABAMA 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 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 |
|---|---|
| 12.95% | 5.83 |
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, 2024, Alabama had $19,288,257 in non-current loans and $5,114,665 in owned assets. To cover these potential losses it had $181,786,778 in net worth and $6,624,066 in loans loss reserves. That gives it a Texas Ratio of 12.95%.
Net Worth
| Alabama | U.S. Average |
|---|---|
| 9.42% | 13.93% |
Alabama FCU has a net worth of 9.42% versus the BestCashCow average of 13.93. 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
CustomerSince 60s
August 11, 2021 |
Terrible Customer Service by Manager
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