Sep, 30, 2025 — MAX CREDIT UNION is a federally insured state chartered credit union headquartered in MONTGOMERY, AL with 16 branch locations and about $2.26 billion in total assets. Opened 71 years ago in 1955, MAX CREDIT UNION has about 129,899 members and employs 297 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAX CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 Eastdale Cir MONTGOMERY, AL 36117-2114 |
| Phone: | (334) 260-2600 |
| Fax: | (334) 277-5121 |
| Website: | https://www.mymax.com |
| Branches: | 16 branch locations |
| Members: | 129,899 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68575 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,264,851,299 |
| CEO/Manager: | Martin E Head |
| Chairperson: | Barbara T Starr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 163,586,683 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 551,983,857 |
| Unsecured Loans | 46,875,458 |
| Other Loans | 515,828,449 |
| TOTAL LOANS | 1,146,611,483 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,771,561 |
| Land And Building | 28,916,749 |
| Other Fixed Assets | 4,087,176 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 17,830,099 |
| All Other Assets | 2,623,918 |
| TOTAL ASSETS | 2,264,851,299 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,680,079 |
| Notes & Interest Payable | 12,000,000 |
| Accounts Payable & Other Liabilities | 20,188,883 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 511,171,894 |
| Regular shares | 529,467,536 |
| All Other Shares & Deposits | 928,446,886 |
| TOTAL SHARES & DEPOSITS | 1,969,086,316 |
| TOTAL LIABILITIES | 2,005,955,278 |
| Regular Reserve | 0 |
| Other Reserves | -59,326,546 |
| Undivided Earnings | 318,222,567 |
| TOTAL EQUITY | 258,896,021 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,264,851,299 |
| INCOME & EXPENSE | |
| Loan Income | 54,950,160 |
| Investment Income | 21,329,063 |
| Other Income | 8,954,497 |
| Total Employee Compensation & Benefits | 24,256,834 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 25,872,019 |
| Non-operating Income & (Expense) | 250 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,197,700 |
| Cost of Funds | 21,516,843 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,320,500 |
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