Mutual Savings Credit Union Selma AL | Best Auto Loans & Business Banking

Introduction

Welcome to Mutual Savings, your trusted financial partner in Selma, Alabama. Located at 907 Medical Center Pkwy, Selma, AL 36701, we have been serving our community since 1936. With a strong commitment to our members, we are proud to support over 19,724 members with tailored financial solutions designed to help you achieve your goals. At Mutual Savings, our total assets amount to an impressive $230,866,395, reflecting our dedication to providing stability and security for our members. We understand that every financial journey is unique, which is why we offer a variety of services including personal banking, auto loans, mortgage options, and business banking solutions. Our total deposits currently stand at $22,504,966, ensuring that your savings are not just numbers on a screen but a part of a larger community effort. Our leadership team is committed to upholding the values of trust and transparency. Under the guidance of CEO Kendall Speed and Board President Richard Brooks, we strive to make a positive impact in Selma and beyond. Our team of 75 employees is always ready to assist you with personalized service that makes banking easy and accessible. While you can visit us at our physical branch for any inquiries or transactions during our lobby hours from 8:30 AM to 5:00 PM, you can also explore our services online at mutualsavings.org. Should you need assistance or have questions, feel free to call us at 334-872-1733. Join us today and discover how Mutual Savings can help you thrive financially! Whether you're looking for a new loan or simply want to manage your savings better, we're here for you every step of the way.

Branch History & Mission

At Mutual Savings, we take pride in our rich history and our unwavering commitment to serving the Selma community. Since opening our doors in 1936, we have dedicated ourselves to providing exceptional financial services tailored to meet the needs of our members. Located at 907 Medical Center Pkwy, Selma, AL 36701, we have been a cornerstone of support for families and businesses alike in this vibrant city. Over the years, Mutual Savings has grown significantly, now boasting a total membership of 19,724 and assets totaling $230,866,395. Our journey began with a simple mission: to help our members achieve their financial goals while fostering a strong sense of community. We believe that financial well-being goes hand-in-hand with community support. This belief drives us to provide not only comprehensive banking services including personal checking and savings accounts, auto loans, mortgages, and business banking but also to actively engage in local outreach programs that uplift and empower our neighbors. Our mission statement reflects this commitment: "To enhance the financial lives of our members while making a positive impact in our community." We strive to ensure that everyone who walks through our doors feels valued and understood. While members can visit us at 907 Medical Center Pkwy, official correspondence should be sent to 907 Medical Center Parkway, Selma, AL 36701 if needed. As times have changed, so have we. Our branch is equipped with modern conveniences like online banking and mobile applications, ensuring that you can manage your finances anytime and anywhere. While we currently do not have ATM facilities on-site, we offer convenient drive-thru banking services for deposits and withdrawals during our operating hours from 8:30 AM to 5:00 PM, Monday through Friday. Mutual Savings is more than just a credit union; it's a place where relationships are built and dreams are nurtured. We are proud of our partnerships within the community and remain dedicated to supporting initiatives that promote education, health, and economic development in Selma. We invite you to become part of the Mutual Savings family. Join us today and experience firsthand how we can help you reach your financial aspirations while supporting the growth of our beloved community. For more information or assistance, feel free to contact us at 334-872-1733 or visit our website at mutualsavings.org. Together, let's build a brighter future!

Branch Location & Accessibility

Getting Here

Parking is available right outside our branch, ensuring that you have a hassle-free experience when visiting us. We've made sure that our facilities are accessible for everyone, with features like ramps and ADA-compliant entrances. Whether you're coming in for personal banking services or simply need to withdraw cash, our drive-thru service offers a quick way to handle your banking needs without leaving your car.

Operating Hours

We understand that life can be busy, which is why we're here for you Monday through Friday from 8:30 AM to 5:00 PM. Whether you need assistance with checking accounts, auto loans, or mortgage refinancing, our team is ready to help during these hours. If you have questions or want to learn more about our services, don't hesitate to give us a call at 334-872-1733.

Services Offered

At Mutual Savings, we offer a wide range of personal and business banking services designed with you in mind. From checking and savings accounts to auto loans and credit cards with rewards, we have everything you need under one roof. Our drive-thru allows for quick deposits and withdrawals, making your banking experience smooth and efficient. While members can visit us at 907 Medical Center Pkwy, official correspondence should be sent to the same address as we do not have a separate mailing location. Come visit us today at Mutual Savings! We look forward to helping you achieve your financial goals while providing a warm and welcoming atmosphere.

Member Eligibility

At Mutual Savings, we believe in building a strong community where everyone can thrive. Becoming a member is straightforward and welcoming if you live, work, or worship in the areas we serve, you're likely eligible to join us! Our friendly team at 907 Medical Center Pkwy, Selma, AL 36701 is here to guide you through the process. Whether you're looking for personal banking options like checking and savings accounts or loans tailored to your needs, our members enjoy exclusive benefits that make financial management easier and more rewarding. For complete eligibility details, feel free to check out this resource. If you have any questions or need assistance, don't hesitate to call us at 334-872-1733 we're here to help you every step of the way!

Business Banking & Commercial Services

Commercial Loans to Fuel Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $23 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $4,410,648, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services that Make Transactions Easy

We also offer comprehensive merchant services that simplify payment processing. Imagine running your café and easily accepting payments from various platforms, giving your customers the flexibility they want. Our solutions ensure you can focus more on serving your customers rather than worrying about transactions. Located at 907 Medical Center Pkwy, Selma, AL 36701, our team is ready to assist you in navigating the financial landscape of business banking. Contact us at 334-872-1733 or visit our website to learn more about how we can support your business journey!

Comprehensive List Of Services

Additional Services

Our branch also provides ATM and cash withdrawal services along with basic drive-thru banking for quick deposits and withdrawals. We strive to make every transaction smooth and efficient so that you can focus on what matters most. If you're interested in learning more about how Mutual Savings can support your financial journey or if you have questions about any of our services, please don't hesitate to reach out! Give us a call at 334-872-1733 or visit us at our branch in Selma. Your financial well-being is our top priority!

Auto Loans & Vehicle Financing

If you're planning to buy a new car or refinance your current vehicle, our auto loans provide flexible financing options. Picture yourself driving away in your dream car with manageable monthly payments tailored just for you. We understand the importance of reliable transportation and aim to make the loan process as straightforward as possible.

Business Banking Solutions

For our entrepreneurial members, we provide business banking services including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we're committed to supporting local businesses with tailored solutions that foster growth.

Credit Cards with Rewards

We also offer credit cards that come with rewards! Imagine earning points on your everyday purchases that can be redeemed for travel, merchandise, or even cash back. Our credit cards are designed not only for convenience but also to reward you for your loyalty.

Mortgage Loans & Refinancing

Buying a home is one of the biggest decisions you'll ever make. At Mutual Savings, we offer mortgage loans that can help turn your dream into reality. Our refinancing options are perfect for those looking to lower their monthly payments or tap into their home equity for other needs. We're here to guide you through each step of the process.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why at Mutual Savings, we offer robust online and mobile banking platforms that allow you to manage your accounts anytime, anywhere. You can check balances, transfer funds, and pay bills all from the comfort of your home or on-the-go.

Personal Banking Services

Whether you're looking to open a checking or savings account, our personal banking options are designed for everyday needs. Imagine having access to accounts that help you manage your finances effortlessly while saving for future goals. With our checking and savings accounts, you can enjoy competitive interest rates and features that make it easy to track your spending.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, which is why personal loans are available to help cover those costs. Whether it's for medical bills, home repairs, or consolidating debt, our personal loans provide the financial relief you need without breaking the bank.

Digital & Online Banking

At Mutual Savings, we understand that convenience and security are key to managing your finances in today's fast-paced world. That's why we offer a range of digital and online banking services designed to fit your lifestyle and keep your money safe. With our robust online banking platform, available at https://www.mutualsavings.org/, you can check balances, pay bills, and transfer funds anytime, anywhere. Whether you're at home or on the go, our 24/7 online banking services ensure you have real-time access to your accounts. Plus, you can enjoy the simplicity of person-to-person transfers, making it easy to send money to friends or family in just a few clicks. For those who prefer managing their finances from their smartphones, our mobile application is here for you. While we currently do not support mobile payments, our app gives you the tools you need to view transactions, manage your accounts, and stay connected with all your financial needs. One of the features that many members appreciate is our availability of e-statements. Say goodbye to paper clutter! You can easily access your statements online whenever you need them. Although we do not utilize electronic signature authorization at this time, rest assured that we prioritize the security of your information throughout all our digital platforms. Overall, our goal at Mutual Savings is to provide you with an accessible and user-friendly banking experience. Explore our digital services today and take control of your finances with confidence!

Financial Strength

A Solid Foundation

With a net worth of $19,918,132, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 862 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Conclusion

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Mutual Savings is your trusted partner. Visit us at 907 Medical Center Pkwy Selma Al 36701 or call 334-872-1733 to learn more about how we can help you achieve your financial goals.

Dedicated Team

We also take pride in having 74 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable and committed team. The trust placed in us by our members is evident as we maintain 38,970 total share accounts, showing a strong and growing member base that trusts us with their finances.

Investing in Your Future

With $14,326,442 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This approach allows us to support your needs effectively. Our commitment to lending is evident with $1,002 in used auto loans and a total of $139,567,548 in loans and leases available to help our members finance their dreams. Our operational efficiency is reflected in our net income of $0, which enables us to continue offering competitive loan rates and solid financial products for our members.

Member-Focused Savings

Members' savings are secured through $59,316,820 in share certificates and $17,944,747 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Loan Offering

Additional Offerings

For business owners, our outstanding commercial loans totaling $4,410,648 provide the capital needed to grow and expand your business. Additionally, we have lines of credit available with total credit lines amounting to $85,848,586, giving you the financial flexibility required for your personal or business endeavors. If you're considering refinancing or exploring eligibility options for any of our products, please feel free to contact us. We are committed to finding solutions tailored specifically for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. Explore our offerings today and take the first step toward achieving your financial aspirations!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $13,085,849 in used vehicle loans and $14,246,694 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used car, our flexible options cater to all your automotive needs.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $12,194,610, ensuring that your path to owning a home is straightforward and affordable.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $1,256,554 in loans helping members manage their finances effectively, our credit cards come with competitive rates and benefits designed for everyday use.

Loan Aggregator

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Mutual Savings