Family Savings Credit Union

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A short history of Family Savings CU

Since its inception in 1951 the Family Savings Credit Union has been serving its members in the Rainbow City, Alabama area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Monte Hill, the Family Savings CU has grown its membership to over 61,987 with assets of more than $407,746,395. They have a main office and 8 branch offices. Please see the credit unions website or contact them by phone at (256) 547-8190 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Rainbow City, AL.

General Information For Family Savings CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68628
Address 205 Rescia Ave 
City Rainbow City 
State Alabama 
Zip-Code 35906
Phone Number (256) 547-8190
Fax Number (256) 442-8002
Email Address: ----
CEO/President Monte Hill
Members 61,987 
Full-Time Employees 176 
Part-Time Employees 22 
Number of Branch Offices
Total Assets 407,746,395 

Compare Family Savings Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Winsouth CU COLLINSVILLE 5674 AL Highway 68 35961 (256) 543-7302 No 6.94
Alabama Teachers CU Alabama Teachers Credit Union 230 US Highway 431 36204 (256) 238-1161 No 7.52
Landmark CU Landmark Credit Union 5705 Valley Rod 35064 (205) 783-9100 No 11.95
Chem Family CU Chem Family Credit Union 702 Clydesdale Ave 36201 (256) 237-0651 No 23.48
Northeast Alabama Postal CU Northeast Alabama POstal FCU 200 S Quintard Ave 36202 (256) 237-4259 No 23.57

Family Savings Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Family Savings Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 3.49 2.99 6.75 3.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 208 91 426 56
Rank Among All Alabama Credit Unions N/A 23 11 40 4

Family Savings Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 N/A 0.55 0.45
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 108 N/A 251 234
Rank Among All Alabama Credit Unions N/A 18 N/A 32 24
Family Savings Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 12.99012,20425,541,625
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.49073718,904,661
Used Vehicle Loans 2.99012,819141,547,195
Total 1st Mortgage Real Estate Loans/Lines of Credit 6.7501,28570,876,674
Total Other Real Estate Loans/Lines of Credit 3.5001744,233,889
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.9902,26022,141,011
TOTAL LOANS & LEASES 29,479283,245,055

Family Savings Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 101,097,929198,500
    b. 15 Years or less 1,11261,110,9851079,069,611
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1638,667,76000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 6105,549232,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1684,128,340532,065,871
Open-End Fixed Rate 0000
TOTALS 1,45975,110,56316311,265,982


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Family Savings Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes