Listerhill Credit Union

Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

A credit union is a nonprofit cooperative owned and operated by its members. This is what distinguishes a credit union from other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, income is returned to all members in the form of dividends and comprehensive financial services.

It's all about We

We exist to serve.

Listerhill's mission and vision are an extension of our founding. We are a financial cooperative whose primary purpose was, and still is, to help our members live a healthy financial life and to offer an alternative to traditional profit-driven banks and lenders.

We are innovative.

Whenever we see the opportunity to improve the service our members receive, we make it happen. Our brand is at the fore of our industry and our products and services are leading edge. We are never satisfied. We know it can always be done better.

We love our communities.

Our lives and out part within our towns and cities, schools and businesses extends far beyond the service of our members. We are in it for everyone. As our community grows and thrives, so do we. We are altruistic, not for business reasons, but because we care.

We are comprehensive.

Listerhill is a comprehensive financial institution, offering every financial service necessary to improve a member's life. Although financial services alone can be imitated, our motivation can not.

We are approachable.

We lack the stuffiness of a traditional financial institution because we're not a traditional financial institution. We are built from community and we know our neighbors and members. They are our family and friends and we treat them as such. We're always friendly. We encourage interaction.

What is a credit union?

A credit union is a nonprofit cooperative owned and operated by its members.

This is what distinguishes a credit union from other financial institutions. Members put their money in a variety of savings accounts, and that money, in turn, is lent to members. After operating expenses and reserve requirements are met, income is returned to all members in the form of dividends and comprehensive financial services.

Each member owns an equal "share" in the organization and has the right to vote in elections for the Board of Directors and Supervisory Committee. Every member has one vote, regardless of how much he or she has on deposit. At the Credit Union, there is no select group of shareholders who profits more than anyone else. All members profit — individually and collectively.

When you join a credit union, membership is for life — even if you retire, move away or change employers. Our policy is "lifetime membership"; once a member, always a member.

Our Vision

To value people over profit, work passionately, exceed expectations, proactively seek improvement, and make our community a better place.

Listerhill is

Nonprofit

Cooperative

Member Owned

1937

Before Listerhill Credit Union

In 1937, Richard S. Reynolds traveled to Europe in search of aluminum sources for his company, Reynolds Metals. When he returned, Reynolds shared with Congress stories about the arsenal Adolf Hitler was building in Germany.

U.S. Sen. Lister Hill, of Alabama, listened, and the two persuaded Congress it was in the best interest of the nation to begin producing military airplanes. The local Reynolds plant was created along with a new community, aptly named Listerhill, and supplied the nation with airplanes during World War II from 1942-45. After the war, the plant started producing Reynold's aluminum foil and has long been a key employer in the Shoals.

1952

People Helping People

In 1952, ten years after the aluminum plant opened, seven Reynolds Metals employees came together to combat the growing issue of predatory lending to other vulnerable plant workers. At the time, loan sharks would lend money with outrageous interest rates and sometimes never-ending terms. With just $5 each and a passionate idea of creating a cooperative that benefited and protected each other, these seven men founded Listerhill Credit Union.

Operation of the credit union humbly began inside the Reynolds Metals plant in 1953. Shortly thereafter, Listerhill Credit Union would build its headquarters across the street where its main office currently resides.

1953

A History of Strong Leadership

Mr. Cyril B. Mann was co-founder and elected chairman of Listerhill Credit Union's Board of Directors for more than 57 years, recognized by the World Council of Credit Unions as the longest-serving board chairman in credit union history. In 2012, Mr. Mann was posthumously inducted into the Credit Union House Hall of Leaders. His selfless devotion to Listerhill and dedication to the credit union philosophy of people helping people continues to be an inspiration to everyone who shares in the mission.

1990

Growing to Serve

Over the next several decades, Listerhill would grow to expand its service footprint by working with more employer groups and adding value to its expanding membership. This also meant the credit union was opening branches across northwest Alabama and serving thousands of new members while offering new and innovative products and services.

Today

A Continued Tradition of Excellence

Today, at $1 billion in assets, Listerhill Credit Union is the seventh largest credit union in Alabama serving 100,000 members across two states. Our comprehensive offering of financial services prepare members for every stage of life.

Our innovative retail model and branch design is writing the script for financial institutions across the southeast. In fact, Listerhill was named the Best Credit Unions in Alabama by Forbes magazine and is a certified Great Place to Work.

Listerhill passionately continues its commitment in serving the local community with integrity while striving for excellence and innovation.

Board Members and Supervisory Committee Members

Larry Hester

Board Chairman

Mr. Hester has been a member of Listerhill Credit Union for approximately forty years and on the Board of Directors since 2001. He is an industrial engineer graduate from the University of Alabama, Tuscaloosa with advanced degree work in Business and Human Resources from the University of North Alabama. Larry enjoys spending time with his family and the sports of his three grandchildren. Other hobbies include shooting sporting clays, horses, a small cattle farm and the great outdoors.

Alex Godwin

Board Member

Mr. Godwin is a graduate of the University of North Alabama and is the Treasurer for Constellium Muscle Shoals. He is a Certified Public Accountant and is actively serving or has served on boards such as Listerhill Credit Union, Tennessee Valley Art Association, YMCA, Shoals TRAC, Shoals Chamber of Commerce and the UNA Foundation.

Franklin Brown

Board Member

Mr. Brown graduated from the University of North Alabama in 1972 with a degree in Chemistry and a minor in Biology. He is a member of First Missionary Baptist Church in Florence, where he serves as Sunday School Superintendent and Deacon. He worked for Reynolds Metal Company/Wise Alloys from 1967 to 2008. He has been a member of Listerhill Credit Union since 1967 and has served as a volunteer in various positions since 1998.

Mark Linder

Board Member

Mark has served on the Board of Listerhill Credit Union since July, 2015. A native a Alabama, he earned a Bachelor of Science degree in Chemistry and a Master’s degree in Athletic Administration at Wayne State College in Nebraska. While a WSC, he was a two-time academic all-American in football and upon graduation, he served was a member of their football coaching staff. Mark served 30-plus years in different roles in intercollegiate athletics administration. Recently, Linder transitioned into his current role as a professor in the Department of Kinesiology at the University of North Alabama. He is married to his wife, Michele and they have three children.

Bob Little

Board Member

Mr. Little has lived most of his life in Muscle Shoals. He graduated from Muscle Shoals High School in 1977. He was employed with the Muscle Shoals Electric Board and retired with 35 years of service. He has been a member of Woodward Avenue Baptist Church for over 40 years. He and his wife have two daughters and one grandson. He has served as a volunteer with Listerhill Credit Union since 2005, serving on the Loan Committee and the Board of Directors.

Mark Massey

Board Member

Mr. Massey is a 25-year career lineman with Franklin Electric Cooperative and serves as a lineman examiner for the International Brotherhood of Electrical Workers Local 558. He is an active member of New Union Missionary Baptist Church in Red Bay, Alabama where he serves on several committees. He has been a Listerhill Credit Union volunteer for 15 years, serving on the Loan Committee for 5 years and the last 10 years on the Board of Directors. He has attended numerous financial training classes over the years. For the last 12 years, Mark has served on the Board of Directors for the Franklin County Cattlemen’s Association and enjoys operating a small cattle farm.

Otis Dickerson

Board Member

Mr. Dickerson has proudly served Listerhill Credit Union’s members as a volunteer for over 24 years, holding roles such as Chairman of both the Loan and Supervisory Committees. He has served as the President of the county Cattlemen’s Association, Regional Vice President and currently as a Lifetime Director for the state of Alabama Cattlemen’s Association. For over 30 years he has been a volunteer leader for 4-H clubs, livestock shows, and conducting Farmers Federation farm tours, helping to encourage and motivate the leaders of tomorrow. A member of Atlas Church of Christ, Otis enjoys spending time on his family farm and teaching his grandchildren about farm life.

David Craig

Supervisory Committee Member

Dr. Craig graduated from Lipscomb University and received graduate degrees from Harding University School of Theology and the University of Mississippi. Dr. Craig is a Licensed Senior Psychological Examiner and serves as the Executive Director of The King’s Daughters’ School. He served 20 years on the Board of Directors of First Community Credit Union and currently serves on the Supervisory Committee of Listerhill Credit Union.

Joey Cantrell

Supervisory Committee Member

Mr. Cantrell is a graduate of Northwest Shoals Community College and is employed by Constellium. He served as President of his church congregation for 9 years. He has been a member of Listerhill Credit Union for over 50 years and has served as a volunteer since 2007 on the Loan Committee and Supervisory Committee. He has attended numerous training sessions on compliance and regulatory issues.

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