Creating Value Since 1952.
For nearly 70 years, Listerhill has been leading the credit union movement in northwest Alabama, creating value to its members and improving lives throughout the community. Listerhill is uniquely positioned for growth and success as it approaches today's challenges and tomorrow's opportunities.
Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.
Listerhill 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, better rates, and comprehensive financial services.
Our Vision
To value people over profit, work passionately, exceed expectations, proactively seek improvement, and make our community a better place.
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.
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.
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.
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 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.
Listerhill is a Certified Great Place To Work
Listerhill was recently certified through August 2021 as a Great Place To Work. 94% of our employees said that Listerhill is a great place to work based on our culture and benefits. Some terms that were used when employees were asked to explain why Listerhill is a great workplace include "Family", "Community", and "Care".
Listerhill Named Forbes' Best-In-State Credit Union
Listerhill was honored to be named as the best credit union in Alabama by Forbes.com for overall recommendations and satisfaction, as well as five subdimensions: trust, terms and conditions, branch services, digital services and financial advice.
Alex Godwin
Board Secretary/Treasurer
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.
Read The Report
In 2019, Listerhill Credit Union continued to build on the recent progress to keep our credit union on solid footing for the future. With an organizational goal of providing the best experience for members among credit unions nationwide, Listerhill continued to make significant investments to shape the experience we're building for our members and our communities.
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.
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.
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.
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, 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.