Overview
What is Credit Unions In The State Of Alabama Family Savings Credit Union?
Credit Unions in the State of Alabama, specifically Family Savings Credit Union, is a nonprofit organization located at 205 Rescia Avenue in Rainbow City, Alabama (ZIP code 35906). With a membership base of over 71,000 individuals, its mission is to offer thrift opportunities and affordable loans to its members. Established with the goal to provide access to savings and borrowing services, the credit union currently employs a team of 312 people dedicated to serving its community.
Official website here: www.familysavingscu.com
What do the Facebook reviews say about Credit Unions In The State Of Alabama Family Savings Credit Union?
90% of 300 reviewers on Facebook recommend Family Savings Credit Union. Here's a summary of their insights:
Many customers express a general satisfaction with the services provided, highlighting the friendly atmosphere and helpful staff at the various branches. Users appreciate the accessibility of services, such as notarization, and the assistance they receive when visiting the credit union. Positive experiences seem to outweigh the negatives, with clients frequently noting the commitment of employees to assist them with their banking needs.
However, some reviews indicate that there are occasional lapses in customer service, particularly involving staff interactions that leave customers feeling undervalued. For instance, a review pointed out a specific experience where the lack of engagement from a branch manager created an unfavorable impression. Despite these criticisms, the overall sentiment leans towards a positive appreciation for the services offered, with many users acknowledging their long-standing relationships with the credit union.
This AI summary has been generated from reviews found on Facebook.
Is Credit Unions In The State Of Alabama Family Savings Credit Union legitimate?
Credit Unions In The State Of Alabama Family Savings Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions In The State Of Alabama Family Savings Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,037,091
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,340,188
For more financial information, click here
Official website here: www.familysavingscu.com
What is the mission statement of Credit Unions In The State Of Alabama Family Savings Credit Union?
Credit Union Family Savings of Alabama is dedicated to offering thrift opportunities and affordable loans to its members. By doing so, the credit union aims to provide financial assistance and promote savings among its 71,980 members. Through its mission, the organization strives to create a positive impact on the financial lives of its members, enabling them to save money and access loans at reasonable rates. The credit union's commitment to its mission goes beyond just providing financial services, as it works to build a strong and supportive community for its members. Additionally, the credit union's focus on thrift and low-cost loans reflects its dedication to helping individuals make the most of their money and prepare for their financial future.
Official website here: www.familysavingscu.com
What is the revenue of Credit Unions In The State Of Alabama Family Savings Credit Union?
Credit Unions In The State Of Alabama Family Savings Credit Union's revenue in 2023 was $68,085,407.
Official website here: www.familysavingscu.com
Who are the executives of Credit Unions In The State Of Alabama Family Savings Credit Union and what are their salaries?
The average compensation at Credit Unions In The State Of Alabama Family Savings Credit Union during 2023 was $75,379. There are 204 employees and 12 volunteers at Credit Unions In The State Of Alabama Family Savings Credit Union.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $1,877
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $519,905
- Related: $0
- Other: $58,818
- Compensation: $282,185
- Related: $0
- Other: $79,432
- Compensation: $283,534
- Related: $0
- Other: $56,224
- Compensation: $313,601
- Related: $0
- Other: $56,739
- Compensation: $152,902
- Related: $0
- Other: $35,013
- Compensation: $158,946
- Related: $0
- Other: $39,792
- Compensation: $273,891
- Related: $0
- Other: $53,498
- Compensation: $745,100
- Related: $0
- Other: $46,909
- Compensation: $143,163
- Related: $0
- Other: $36,179
- Compensation: $115,967
- Related: $0
- Other: $35,132
- Compensation: $134,063
- Related: $0
- Other: $39,943
Official website here: www.familysavingscu.com
Where can I find the form 990 for Credit Unions In The State Of Alabama Family Savings Credit Union?
Credit Unions In The State Of Alabama Family Savings Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.familysavingscu.com
Learn more at the official website: www.familysavingscu.com
Mission Statement of Credit Unions In The State Of Alabama Family Savings Credit Union
Credit Unions in the State of Alabama Family Savings Credit Union, often referred to as the Credit Union, is dedicated to providing thrift opportunities and affordable loans to its members. In simple terms, it aims to help its members save money and access credit at reasonable rates.
This nonprofit financial cooperative, which serves over 71,000 members, prides itself on its mission to promote thrift. Members are encouraged to save money through various offerings, including savings accounts, certificates of deposit, and other investment options. By doing so, they not only benefit from the security of having financial resources but also contribute to a collective pool that allows the Credit Union to offer low-cost loans to its members in need.
The Credit Union's commitment to its members extends beyond just savings and loans. It is an essential financial partner that helps individuals and families achieve their financial goals. By offering a wide range of financial products and services tailored to its members' unique needs, the Credit Union empowers them to make informed decisions about their money. Its focus on low-cost loans signifies its dedication to making financial services accessible to all, regardless of their financial situation. Overall, Credit Unions in the State of Alabama Family Savings Credit Union plays a vital role in the financial lives of its members, fostering a culture of saving and affordability.
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Impact
October, 2024
Credit Unions In The State Of Alabama Family Savings Credit Union positively impacts the community by providing thrift opportunities and low-cost loans to its 71,980 members. Operating from Rainbow City, Alabama, the credit union fosters financial stability and empowerment among its members by enabling them to save effectively and access affordable credit. This support enhances the overall financial literacy and well-being of individuals and families within the community, promoting economic growth and resilience. By prioritizing the needs of its members, the credit union contributes to a stronger, more financially secure population, ultimately benefiting the local economy and community as a whole.
This information is meant to be a general summary of Credit Unions In The State Of Alabama Family Savings Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,676,904
- Program Service Revenue: $42,961,321
- Gross Receipts: $69,708,158
Assets and Liabilities:
- Total Assets: $756,761,608
- Total Liabilities: $681,399,923
- Net Assets: $75,361,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$42,961,321
Organization Details
Founding Year
1951
Principal Officer
Debbie Gray
Website
www.familysavingscu.comNTEE Category
Code: W60 - Public benefit
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