Mutual Savings Credit Union

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A short history of Mutual Savings CU

Since its inception in 1936 the Mutual Savings Credit Union has been serving its members in the Birmingham, 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 Kendall Speed, the Mutual Savings CU has grown its membership to over 41,263 with assets of more than $177,069,046. They have a main office and 10 branch offices. Please see the credit unions website or contact them by phone at (205) 682-1100 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Birmingham, AL.

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

Charter Number 60501
Address PO Box 362045 
City Birmingham 
State Alabama 
Zip-Code 35236
Phone Number (205) 682-1100
Fax Number (205) 682-1189
Email Address:
CEO/President Kendall Speed
Members 41,263 
Full-Time Employees 87 
Part-Time Employees
Number of Branch Offices 10 
Total Assets 177,069,046 

Compare Mutual Savings Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Alabama Postal CU Alabama Postal Credit Union postal Credit Union 351 24th St N 35202 (205) 252-4812 No 0.12
Jefferson Credit Union CU Hoover 5261 Ross Bridge Pkwy 35226 (205) 444-4528 No 0.34
Apco Employees CU Jasper 706 20th Ave E 35501 (205) 221-4238 No 0.69
Social Security CU Social Security Credit Union 1200 Reverend Abraham Woods Jr Blvd 35201 (205) 323-7028 No 0.77
City Of B'ham General Employees CU City of Birmingham General Employees Credit Union 708 17th St N 35203 (205) 583-4654 No 0.86

Mutual Savings Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Mutual 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 9.90 4.00 4.00 4.00 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 282 203 138 132
Rank Among All Alabama Credit Unions 15 33 20 12 11

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.10 0.50 0.10
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 129 134 263 283
Rank Among All Alabama Credit Unions N/A 23 21 33 34
Mutual Savings Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9005175,092
All Other Unsecured Loans/Lines of Credit 11.5003,4175,271,268
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.00066312,912,119
Used Vehicle Loans 4.0001,55715,336,698
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00064070,864,234
Total Other Real Estate Loans/Lines of Credit 4.25051119,209,649
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.0005886,602,785
TOTAL LOANS & LEASES 7,427130,271,845

Mutual 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 0000
    b. 15 Years or less 1567,336,8331991,293
    a. > 15 years 24229,371,857233,208,819
    b. 15 Years or less 17230,336,775153,485,753
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 703,818,76910686,117
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 1596,377,9545209,990
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 35212,831,695291,087,468
Open-End Fixed Rate 0000
TOTALS 1,15190,073,883839,669,440


Interest Only & Payment Option 1st Mortgage Loans 412,149,649266,971
Interest Only & Payment Option Other RE/LOC Loans 29611,269,2931,042,468
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Mutual 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 No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes