Sep, 30, 2025 — MUTUAL SAVINGS CREDIT UNION is a federally insured state chartered credit union headquartered in HOOVER, AL with 7 branch locations and about $240.44 million in total assets. Opened 90 years ago in 1936, MUTUAL SAVINGS CREDIT UNION has about 19,132 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUTUAL SAVINGS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2040 Valleydale Rd HOOVER, AL 35244-2006 |
| Phone: | (205) 682-1100 |
| Fax: | (205) 682-1189 |
| Website: | https://www.mutualsavings.org |
| Branches: | 7 branch locations |
| Members: | 19,132 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60501 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $240,435,436 |
| CEO/Manager: | Kendall L Speed |
| Chairperson: | Keith Newton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,624,123 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 99,785,702 |
| Unsecured Loans | 5,591,520 |
| Other Loans | 37,041,405 |
| TOTAL LOANS | 142,418,627 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -926,466 |
| Land And Building | 6,200 |
| Other Fixed Assets | 303,896 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,893,301 |
| All Other Assets | 534,030 |
| TOTAL ASSETS | 240,435,436 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 429,791 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,782,509 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,353,048 |
| Regular shares | 76,977,994 |
| All Other Shares & Deposits | 83,057,020 |
| TOTAL SHARES & DEPOSITS | 211,388,062 |
| TOTAL LIABILITIES | 223,600,362 |
| Regular Reserve | 0 |
| Other Reserves | 649,934 |
| Undivided Earnings | 16,185,140 |
| TOTAL EQUITY | 16,835,074 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 240,435,436 |
| INCOME & EXPENSE | |
| Loan Income | 5,754,191 |
| Investment Income | 2,467,594 |
| Other Income | 2,131,427 |
| Total Employee Compensation & Benefits | 4,337,700 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,677,412 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,000 |
| Cost of Funds | 2,525,019 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 266,988 |
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