Credit union · NCUA insured
Federal Employees CU
A $19.4M credit union headquartered in Birmingham, AL, with 1,726 members. Best rates: CDs 4.70% and savings 0.50% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards.
- CDs—4.70%CD rates →
- Savings—0.50%Savings rates →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Federal Employees CU
Federal Employees Credit Union is a member-owned financial institution located in Birmingham, Alabama.
The credit union serves current and retired federal and government employees, military personnel, and veterans along with their families.
- Headquarters
- 1509 4th Ave S, Birmingham, AL 35233-1612
- NCUA charter
- 62599
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Military, government and schools
- Current or retired federal/government employees, military personnel, and veterans are eligible for membership.
Family and household
- Spouses and family members of federal/government employees, as well as immediate family members of existing members, are eligible to join.
Cost to join
- Opening both share and share draft accounts requires a minimum deposit of $56.
- Opening a share (savings) account requires a minimum deposit of $26.
Branches
Branches
No public branch offices are listed in the regulator directory.
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.62% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 1.67% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.15% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $59 | $59 | — |
- CapitalNet worth ratio16.62%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late1.67%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.15%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$59Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Federal Employees CU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.