Railway Employees Credit Union

  • +1

A short history of Railway Employees CU

Since its inception in 1935 the Railway Employees Credit Union has been serving its members in the MUSCLE SHOALS, 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 Mary Leigh Matthews, the Railway Employees CU has grown its membership to over 1,608 with assets of more than $18,495,014. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (256) 383-7940 or email them at maryleigh@railwaycreditunion.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MUSCLE SHOALS, AL.

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

Charter Number 61474
Address P.O. BOX 3776 
State Alabama 
Zip-Code 35662
Phone Number (256) 383-7940
Fax Number (256) 383-8225
Email Address: maryleigh@railwaycreditunion.com
CEO/President Mary Leigh Matthews
Members 1,608 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 18,495,014 
Website http://www.railwaycreditunion.com 

Compare Railway Employees Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Electrical Workers No 558 CU Main Office 1705 E 17th St 35660 (256) 383-6551 No 1.64
Tuscumbia CU Tuscumbia Federal 103 E 5th St 35674 (256) 383-3331 No 2.27
Valley CU VALLEY CREDIT UNION 323 N NASHVILLE AVE 35674 (256) 381-6252 No 2.34
Florence CU Florence Federal Credit Union 501 E Tennessee St 35630 (256) 766-7264 No 3.81
Listerhill CU MS1 3400 Woodward Ave 35661 (256) 383-1031 No 6.08

Railway Employees Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Railway Employees 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 2.99 7.00 5.00 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 145 545 268 341
Rank Among All Alabama Credit Unions N/A 14 57 21 34

Railway Employees Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.25 0.25 0.25 0.75
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 95 105 310 192
Rank Among All Alabama Credit Unions N/A 16 15 39 18
Railway Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 18.000235669,042
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.9901141,897,155
Used Vehicle Loans 7.00062460,300
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.000563,289,464
Total Other Real Estate Loans/Lines of Credit 6.0008202,869
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 13.40085480,435
TOTAL LOANS & LEASES 5606,999,265

Railway Employees 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 563,289,46400
    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 8202,869134,000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 643,492,333134,000


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

Railway Employees 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 No
No Surcharge ATMs No
Home Banking Via Internet Website Yes