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Iam Community Credit Union
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Iam Community Credit Union Share
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Overview Share
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Iam Community Credit Union is a federal credit union based in Enterprise, Alabama. It has been opened since 1964, for 58 years.

With around $32,100,000 in assets, Iam Community Credit Union is considered to be an average size credit union. It has 2 branches and 2 ATM locations.

About Share
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Address Po Box 311990
Enterprise, Alabama 36331
Website http://www.iamcfcu.com
Phone (334) 347-9000
Fax (334) 347-1074
CEO Frank Garrett
President of the Board Chester Nolin
Services Offered
Score Card Share
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58 years
Years in business
Opened in 1964
Well Capitalized
Net worth classification
Source: NCUA
4,012 members
Membership type: Community credit union
Average number of members
382:1
Credit union member to staff ratio
382 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$32,096,694
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 4 in Alabama
Average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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2 branches
Compared with an average of 4 nationally and 4 in Alabama
Average number of branches
Iam Community Credit Union Branch Locations

Iam Community Federal Credit Union
1108 Boll Weevil Circle
Enterprise, Alabama 36330
ATM Available
Members Share
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4,012 members
Membership type: Community credit union
Average number of members

With 4,012 members, the Iam Community Credit Union is considered to be a medium size credit union. It is larger than 52% of credit unions.

Fees Share
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$128
Average fee per member
The average fee per member at the Iam Community Credit Union is $128, which is very high compared to most credit unions. This rate is higher than 93% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Iam Community Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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382:1
Credit union member to staff ratio
382 per each FTE employee
Compared to 411:1 nationally
Average number of staff
10 staff members
FTE (full-time equivalent)
9% of employees are part-time
10 full-time, 1 part-time

Iam Community Credit Union has 10 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 91% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Iam Community Credit Union has around 382 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$32,096,694
Total assets
Average size
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$12,049
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 64% of credit unions.

Iam Community Credit Union holds a total of $17,850,000 in loans and leases, which is about $12,049 per member on average.

Savings interest rate Share
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0.20%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Iam Community Credit Union pays 0.20%.

Loan rates Share
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.15%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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5.50%
New car loan rate
Compared to 4.0% nationally
3.73%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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3.73%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.09%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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