Progressive Federal Credit Union

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A short history of Progressive FCU

Since its inception in 1956 the Progressive Federal Credit Union has been serving its members in the MOBILE, 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 Thalia Crosby, the Progressive FCU has grown its membership to over 679 with assets of more than $6,025,599. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (251) 338-2092 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MOBILE, AL.

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

Charter Number 11422
Address 1065 SPRING HILL AVE 
State Alabama 
Zip-Code 36604
Phone Number (251) 338-2092
Fax Number (251) 338-2095
Email Address: none
CEO/President Thalia Crosby
Members 679 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 6,025,599 

Compare Progressive Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Gulf Coast CU Computer Marketing Corp 8520 S Sandy Pkwy 84070 (801) 365-5000 No 0.64
The Infirmary CU Mobile Infirmary Boulevard 130 Mobile Infirmary Blvd 36652 (251) 435-5900 No 1.03
Mobile Government Emp. CU MOBILE GOVG EMP. CU 109 Saint Joseph St 36628 (251) 694-4100 No 1.59
Blue Flame CU Main 2828 Dauphin St 36652 (251) 450-4804 No 2.50
Mobile Educators CU SARALAND 12 SARALAND BLVD N 36571 (251) 675-3301 No 3.10

Progressive Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Progressive Federal 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 4.50 9.50 6.75 6.00
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 341 722 426 341
Rank Among All Alabama Credit Unions N/A 40 72 40 34

Progressive Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 N/A 0.45 0.50
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 119 N/A 274 227
Rank Among All Alabama Credit Unions N/A 19 N/A 34 23
Progressive Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 18.000195187,699
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.50012199,656
Used Vehicle Loans 9.500120990,742
Total 1st Mortgage Real Estate Loans/Lines of Credit 6.750383,903
Total Other Real Estate Loans/Lines of Credit 6.0009225,127
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.000105139,913
TOTAL LOANS & LEASES 4441,827,040

Progressive Federal 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 383,903145,544
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 9225,12700
Open-End Fixed Rate 0000
TOTALS 12309,030145,544


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

Progressive Federal 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 No
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes