Data Source: NCUA, December 31, 2016
Progressive Federal Credit Union was founded in 1956. Headquartered in Mobile, Alabama, Progressive Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Progressive Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.
As of December 31, 2016, Progressive Federal Credit Union services 681 members through its 2 full-time and 1 part-time employees. It has $5,837,255 of total assets and $1,289,024 of net worth. Based on its asset size and net worth ratio, Progressive Federal Credit Union is classified as a Well Capitalized small credit union.
Progressive Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Progressive Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Progressive Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Alabama and in the nation.
Major Deplitory Accounts and Interest Rates (%)
Major Loan Accounts and Interest Rates (%)
Progressive Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Progressive Federal Credit Union.
Electronic Banking Service Offerings
Community and other Service Offerings
CMC Computer Marketing Corporation
8520 S Sandy Pkwy
Sandy, UT 84070-6422
Progressive Federal Credit Union
1065 Spring Hill Ave
Mobile, AL 36604