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

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.

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Member Savings Report

We're giving $23,315,817 reasons Listerhill membership is the smart choice.

As a credit union, we focus on our members — not just our bottom line. In an effort to prove it, we do the math to see exactly how much money we're savings our members by doing business with us instead of a bank each year. The results are in and we're proud to share that with you. Spoiler alert: you came out ahead!

Member Savings Report
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The Report
Listerhill Credit Union membership saved you and your fellow members over $23 million.

We work hard to earn the honor of being your trusted financial partner. As your partner, we think it’s important for you to know the value your Listerhill membership offers. We've always believed that we offer you a better overall value than banks, so we decided it was time to prove it.

Working with a national research firm, we compared our account rates and fees with the average rates and fees of leading banks in our primary market areas. When all the calculations were done, Listerhill members collectively saved more than $23 million simply by having their accounts with Listerhill versus a leading bank. That’s an average of $268 per member.

Save More
Are you making the most of your membership?

On average, Listerhill Credit Union members saved $268 each last year just by having their accounts with Listerhill versus a leading bank. If your membership savings amount was more than that, congratulations! You’re likely making good use of your Listerhill membership. But are you making the most of it? If you saved less than $268, you may not be taking full advantage of all that your membership can offer.

The more you have with us, the more you save.
Our market research demonstrates that the easiest way to save more is to do more with us. We know that the deeper our financial partnership is with you, the more you save. Members with one Listerhill account only saved an average of $41 annually whereas members with four accounts saved an average of $870.

How do your savings stack up?
To the right are the average member savings amounts by account type. If your account’s savings were less than the average, we encourage you to visit your local branch to review the membership benefits available to you.

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Average Savings by Account Type

SAVINGS ACCOUNTS
Savings $50
Checking $86
Certificate Of Deposit $1,314


LOAN ACCOUNTS
Personal Loans $90
Vehicle Loans $413
Credit Cards $359
Mortgage Loans $362
Home Equity Loans $285
The Math
We confess, we’re nerds.

As a financial institution, we’re definitely numbers nerds; especially when it comes to numbers that save you money. In case you’re a little nerdy like us, we want to give you the scoop on how we calculated your estimated, annualized savings.

The actual formulas vary by account type; however, regardless of account type, we used the same basic method shown below to calculate each of your account’s individual savings amounts. We then added all of your individual amounts together to calculate your total estimated, annualized savings amount. The definitions for each term are below.

General Formula

Rate Benefit x Account Balance + Fee Benefit = Individual Account Savings

Term Definitions

Rate Benefit: The rate benefit is the difference between your personal account rate and the average bank account rate for your assigned market area.

Account Balance: The definition varies by account type as follows:

  • For open loans, we used your current account balance (Rate benefit × current Balance) + fees
  • For term loans, we used your original balance (12-month cumulative interest savings based on rate benefit, original balance and term of loan)
  • For Deposits, we used your current balance (Rate benefit × current Balance) + fees

Fee Benefit: The fee benefit represents the difference between the average bank account maintenance fee for your assigned market area and Listerhill Credit Union's account maintenance fee for a comparable account.

Our Research Partner: We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com to conduct this research. Although the information Informa provided us has been obtained from banks themselves, neither Listerhill nor Informa can guarantee absolute accuracy as rates can change without notice.

The Comparisons
How do we compare?

We purchased data for Florence-Muscle Shoals (AL) and Maury County (TN), which are the primary market areas where our collective membership resides.

Banks Used to Compare

We used the major banks in each region for our comparisons. The actual comparisons vary by market area, with the list of banks including:

Capital BankFifth Third BankFirst Bank
First Southern BankFirst Tennessee BankRegions Bank
SunTrust BankU.S. BankWells Fargo
First Farmers & Merchants BankBank IndependentFirst Metro Bank
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FAQs
Common Questions

Savings

What does my estimated, annualized savings amount reflect?
The amount listed on your personalized savings report represents the sum of all of your individual account savings amounts. It reflects the difference between what you paid or earned in interest, fees or rebates at Listerhill Credit Union and what you may have paid or earned on average for comparable accounts at leading banks in your assigned market area. The amounts listed are for illustrative purposes only and do NOT constitute a cash payout, dividend or bonus.

What does “estimated, annualized savings” mean?
Because we compared your personal account rates and fees against the average rates and fees of the collective banks in your assigned market area, we cannot quote exact savings. Instead, the savings represent an estimate based on your personal account rate and balances. Annualized simply means that we’ve estimated your account for an entire year regardless of when you actually opened the account.

Why is there a zero on my report?
A zero simply indicates that when we compared your Listerhill account rates and fees with the average bank account rates and fees, you are not actually saving money by having that account with Listerhill. This most likely occurs when your actual Listerhill account rate is higher (for loans) or lower (for shares) than the average bank rate in your market area. There may be other accounts or services that would better suit your needs and help increase your savings. The best thing to do is schedule an appointment to review the membership benefits available to you.

Calculation

What fees are included in the Fee Benefit calculation? The only fees included in the calculation are recurring account maintenance fees. We did not include penalty or “occasional” fees such as overdraft fees, stop payment fees, foreign item fees, etc. Listerhill has very few account maintenance fees, so your membership really helps you save big in the fee area.

Data

Where did you get the data? We partnered with Informa Research Services, Inc., Calabasas, CA, www.informars.com to conduct this research. We compared market rates using financial data from December 2018. Although the information Informa provided us has been obtained from banks themselves, neither Listerhill nor Informa can guarantee absolute accuracy as rates can change without notice.

Increase Your Savings By Opening One of These Products
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Checking Accounts

Listerhill offers a variety of checking accounts with unsurpassed benefits, such as no minimum balances, free online banking, unlimited check writing, and more.
Vehicle
Loan

By being member-owned, we are able to return our earnings to you in the form of higher rates on shares and lower rates on loans. If you are not already a member, join us today and start taking advantage of our great rates.
Credit Cards Header
Credit Cards

Finally, a credit card with a low rate, local service, and no surprises. Expand your purchasing power all while earning reward points for every dollar you spend. Rest easy knowing you have the local service (and rate) you expect from your credit union.
Mortgage
Mortgage

If you're in the market to buy a home, you're probably excited, but also a bit nervous. We want to help by getting to know you better and understanding your goals. We can help you select the best rates and terms to meet your needs so you can start making a house your home.
Certificates
Certificates

With a Certificate, you can earn a guaranteed, fixed rate of return with a fixed date of withdrawal. The longer you choose to save, the more interest you can earn — no matter how Wall Street's doing.
Additional Questions?

Listerhill has consistently been rated in the top tier for overall satisfaction by our members. While we hope you find the information you need online, we'd be happy to talk with you about questions you may have. Call us at (256) 383-9204 or 1-800-239-6033 for friendly, local assistance. Or even stop by one of our branches for personal service.

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© 2025 Listerhill Credit Union (en-US). All Rights Reserved. Federally insured by the NCUA. NMLS #439260
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Frequently Asked Questions

  • What happens when federally insured credit unions merge?

    If a member has accounts in credit union A and credit union B, and credit union A merges into credit union B, accounts of credit union A continue to be insured separately from the share deposits of credit union B for six months after the date of the merger or, in the case of a share certificate, the earliest maturity date after the six-month period. In the case of a share certificate that matures within the six-month grace period that is renewed at the same dollar amount, either with or without accrued dividends having been added to the principal amount, and for the same term as the original share certificate, the separate insurance applies to the renewed share certificate until the first maturity date after the six-month period. A share certificate that matures within the six-month grace period that is renewed on any other basis, or that is not renewed, is separately insured only until the end of the six-month grace period.

  • What happens if a federally insured credit union is liquidated?

    The NCUA would either transfer the insured member's account to another federally insured credit union or give the federally insured member a check equal to their insured account balance. This includes the principal and posted dividends through the date of the credit union's liquidation, up to the insurance limit.

  • If a credit union is liquidated, what is the timeframe for payout of the funds that are insured if the credit union cannot be acquired by another credit union?

    Federal law requires the NCUA to make payments of insured accounts "as soon as possible" upon the failure of a federally insured credit union. While every credit union failure is unique, there are standard policies and procedures that the NCUA follows in making share insurance payments. Historically, insured funds are available to members within just a few days after the closure of an insured credit union.

  • What happens to members with uninsured shares?

    Members who have uninsured shares may recover a portion of their uninsured shares, but there is no guarantee that they will recover any more than the insured amount. The amount of uninsured shares they may receive, if any, is based on the recovery of the failed credit union's assets. Depending on the quality and value of these assets, it may take several years to conclude recovery on all the assets. As recoveries are made, uninsured account holders may receive periodic payments on their uninsured shares claim.

  • What happens to my direct deposits if a federally insured credit union is liquidated?

    If a liquidated credit union is acquired by another federally insured credit union, all direct deposits, including Social Security checks or paychecks delivered electronically, will be automatically deposited into your account at the assuming credit union. If the NCUA cannot find an acquirer for the liquidated credit union, the NCUA will advise members to make new arrangements.

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