Myhscu: Overview of the Credit Union

Myhscu has been operating for 85 years, having first been established in the year 1937. The credit union mainly focuses on the provision of auto loans which represent 47% of its loans outstanding. In terms of its overall asset base, Myhscu is larger than 73% of credit unions in the country. The National Credit Union Administration (NCUA) insures deposits at credit unions in addition to regulating and supervising them. The NCUA was formed by the U.S. Congress in 1970. The company has a total of 5 branches and employs a total of 57 employees.

Overview of the Credit Union’s Assets and Liabilities

As previously indicated, the credit union currently has total assets of $175 million, which makes it larger than 73% of credit unions in the United States. Myhscu also has net loans outstanding to customers of $107 million and a deposit base of $161 million. The credit union also has a loan to deposit ratio of 67% which is higher than the average credit union of similar size. The loan to deposit ratio is a good way to assess how liquid a bank or credit union’s balance sheet is. Lastly, Myhscu’s loan portfolio mainly consists of auto loans and mortgages and lines of credit which represent 47% and 45% of its loan book and had outstanding balances of $50 million and $48 million, respectively.

Contact and Other Helpful Information

  • Main Office Address: P.O. Box 128, Sylacauga, AL 35150
  • Website:
  • Phone: (256) 245-4776
  • Charter Number: 68586
  • Charter Year: 1937
  • Employees: 57
  • Routing Number: 262277118
  • Membership: Credit unions in the state of Alabama have an average membership base of 23,867 compared with Myhscu which has total members of 14,535. Over the past two years, the credit union’s total membership has increased by 6%.

Myhscu: Financial Overview


As shown in the above chart, Myhscu’s assets have grown by 8.3% over the past year, while its auto loans – which is its largest category of lending – have grown by 2.1% over the past year. Furthermore, the company’s deposits have grown by 13.7% while its total loans have expanded by 1.5%. A credit union’s net worth is a good proxy for the value that a credit union has accrued over time. Based on the latest available information, Myhscu’s net worth stands at $15 million. This implies that the credit union has a net worth per member of $1,031 which is below the national average of $1,606.

Overview of the Credit Union’s Performance Metrics


The above chart shows some of the important metrics we look at when assessing a credit union, and compares these to the average credit union of comparable size. It also shows how these metrics have fared over the past year. Beginning with Myhscu’s return on assets (aka ROA), on this statistic the credit union performs below the average comparable credit union. When we look at the year over year trends, we can see that ROA has improved given the 0.13% change. A credit union’s ROA is a good way of assessing how well the entity is using its assets to generate returns. We look at the delinquency rate within a loan portfolio as a way to assess the performance and quality of a credit union’s loan book. A lower delinquency rate indicates a better performing portfolio. Myhscu has a delinquency rate that is well above its peer group average and when compared with the prior year, we can see that it has been relatively stable. Finally, the net worth ratio for the credit union is 8.6% which is below its peer group average of 9.7%. This metric has been relatively stable on a year over year basis and stood at 8.7% a year ago. Based on the NCUA guidelines, the credit union is considered to be well capitalized.


Ultimately, after considering all of the relevant factors we rate Myhscu 2.3 out of 5.0, which is below average. As a final note, please remember that our rating is the product of a proprietary scoring methodology which uses nationwide data for credit unions and our survey work. Importantly, none of the work presented herein is intended to be investment advice or advice of any sort and is presented purely for informational purposes.