Credit union · NCUA insured
Railway Employees
A $21M credit union headquartered in Muscle Shoals, AL, with 1,358 members and 1 branch in Alabama. Best rates: savings 0.25% APY.
Railway Employees Carrot Score
65
Carrot Score
Higher than 13% of U.S. banks and credit unions
#10 of 13 in Florence, AL metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Railway Employees
Founded in 1935, Railway Employees Credit Union is a member-owned cooperative headquartered in Muscle Shoals, Alabama.
The credit union was established to promote thrift and provide low-cost loans to its members.
- Headquarters
- 1604 Gusmus Ave, Muscle Shoals, AL 35661
- NCUA charter
- 61474
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Current and former employees of Norfolk Southern Railway are eligible to join.
Family and household
- Families and immediate relatives of eligible employees or members are eligible to join.
Branches
1 branch in Alabama
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Alabama
1 branch
- MainMain office1604 Gusmus Ave, Muscle Shoals, AL 35661Directions
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 | 22.01% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.97% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.80% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $34 | $59 | — |
- CapitalNet worth ratio22.01%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.97%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.80%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$34Peers’ 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 Railway Employees are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.