Sep, 30, 2025 — RAILWAY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MUSCLE SHOALS, AL with 1 branch location and about $19.70 million in total assets. Opened 91 years ago in 1935, RAILWAY EMPLOYEES CREDIT UNION has about 1,372 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RAILWAY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1604 Gusmus Ave MUSCLE SHOALS, AL 35661 |
| Phone: | (256) 383-7940 |
| Fax: | (256) 383-8225 |
| Website: | https://www.railwaycreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,372 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61474 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,698,563 |
| CEO/Manager: | Mary Leigh Matthews |
| Chairperson: | David W Meeks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,350,523 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,931,946 |
| Unsecured Loans | 395,501 |
| Other Loans | 2,723,707 |
| TOTAL LOANS | 6,051,154 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,221 |
| Land And Building | 104,424 |
| Other Fixed Assets | 2,030 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 128,590 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,698,563 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 49,428 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 104,277 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,026,773 |
| Regular shares | 7,650,997 |
| All Other Shares & Deposits | 4,841,843 |
| TOTAL SHARES & DEPOSITS | 15,519,613 |
| TOTAL LIABILITIES | 15,673,318 |
| Regular Reserve | 0 |
| Other Reserves | 115,357 |
| Undivided Earnings | 3,909,888 |
| TOTAL EQUITY | 4,025,245 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,698,563 |
| INCOME & EXPENSE | |
| Loan Income | 298,031 |
| Investment Income | 281,027 |
| Other Income | 46,555 |
| Total Employee Compensation & Benefits | 188,609 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 277,785 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 71,936 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,283 |
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