Alabama

Montgomery, Alabama

REGULATING AGENCY: Alabama Credit Union Administration

ACCREDITED: 1998

LEAGUE: League of Southeastern Credit Unions & Affiliates, Alabama Credit Union Association (ACUA)

PRIVATE SHARE INSURANCE: YES

STATS: (As of June 2021)

Total Number of Credit Unions: 100

  • TOTAL # SCUs: 55
  • TOTAL # FCUs: 45
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 55%

Total Assets: $31,042,452,383

  • TOTAL $ SCU ASSETS: $17,492,081,521
  • TOTAL $ FCU ASSETS: $13,550,370,862
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $):56%

Total Members: 2,384,873

  • TOTAL Members SCUs: 1,229,300
  • TOTAL Members FCUs: 1,155,573
  • SCU % OF TOTAL (SCUS/STATE TOAL): 52%

FUN FACT: In 1902 Dr. Luther Leonidas Hill performed the first open-heart surgery in the Western Hemisphere by suturing a stab wound in a young boy’s heart. The surgery occurred in Montgomery.


RECENT NEWS:

League of Southeastern Credit Unions & Affiliates Honors 2 Birmingham Credit Unions with Credit Union National Association’s Statewide Awards

July 28, 2021 – The League of Southeastern Credit Unions & Affiliates (LSCU), through the Credit Union National Association’s (CUNA) award platform, recently recognized two Birmingham-area credit unions for outstanding outreach to their members and communities.

Southeastern credit unions help people afford life in a variety of ways and, each year, CUNA provides LSCU with a way to recognize these efforts with a statewide awards program. The program features four awards, which credit unions compete for within categories based on asset size. The Dora Maxwell Social Responsibility Community Services Award commends a credit union for its outstanding efforts in community projects. The Louise Herring Award for Philosophy in Action honors credit unions that are making exceptional efforts to include credit union philosophy into daily operations.

And the Desjardins Financial Education awards celebrates leadership in both youth and adult financial literacy initiatives.

READ MORE


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