About Listerhill

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
Serve
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.

Innovative
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.

Communities
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.

Comprehensive
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.

Approachable
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
P 40 Warhawk Large 56A61C4B3Df78Cf7728B648B
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.

Reynolds1942
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.

Killen
2018
A Continued Tradition of Integrity & Excellence

Over 65 years later, and the issue of predatory lending hasn't exactly gone away. In fact, it's just as important today as ever to use local financial cooperatives, like credit unions, to support each other and our community.

Today, Listerhill Credit Union serves over 90,000 members in 13 counties with 17 branches across northwest Alabama and south central Tennessee. Named one of the Best Credit Unions in Alabama by Forbes magazine, Listerhill continues its commitment in serving the local community with integrity while striving for excellence and innovation.



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Board Members and Supervisory Committee Members
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.

Alex Godwin

Board Member

Mr. Godwin is a graduate of the University of North Alabama, and is the Treasurer for Constellium. 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, ShoalsTRAC, 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.

Bob Little

Board Member

Mr. Little has been a member of Woodward Avenue Baptist Church for 40 years and has served as a Sunday School teacher and Deacon for 25 years. He retired from the Muscle Shoals Electric Board after 35 years of service. He currently works part-time at Lowe’s and with Fame Ranch Girl’s Home. He has served as a volunteer for over 10 years with Listerhill Credit Union on the Loan Committee and Board of Directors.

Larry Hester

Board Member

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.

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.

Mark Linder

Board Member

Mr. Linder was a two-time academic all-American who earned a Bachelor of Science degree in Chemistry and a Master’s degree in Athletic Administration at Wayne State where he also served as their football coach. Mark became the Director of Athletics for the University of North Alabama in August of 2007. He is married with three children. He has served on the Board of Listerhill Credit Union from July of 2015 to present time.

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.

Willie Jones

Supervisory Committee Member

Mr. Jones is a member and Trustee of Tennessee Valley Community Church. He retired from Reynolds Metals after 31 years of service. He has also enjoyed doing body work for the last 25 years. He has served as a volunteer for Listerhill Credit Union for 24 years, serving on both the Loan Committee and the Supervisory Committee.

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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Common Links

Frequently Asked Questions

  • Which loans are eligible for Skip-A-Pay?

    Auto loans, recreational loans, and personal loans are all eligible for Skip-A-Pay. This includes boat loans, RV loans, 4-wheeler loans etc. However, home loans, Christmas loans, credit cards, and other lines of credit are not eligible.


  • When should I request Skip-A-Pay?

    In order to have your Skip-A-Pay request processed before your loan payment is due, please submit your skip request five (5) business days in advance of the scheduled payment date.

    Example: If your next loan payment is due on June 20th, you would need to submit your request no later than June 12th.

  • How do I request Skip-A-Pay?

    Click here to request Skip-A-Pay, agree to do business electronically, and fill out the online form. You must also provide payment for the $25 fee before your loan payment can be skipped. This fee can be transferred from your Listerhill checking or savings account or paid from an outside account.

  • What is Skip-A-Pay?

    Skip-a-Pay is a service by Listerhill Credit Union which allows members to request to skip a monthly payment. The payment is instead added to the end of a loan, essentially extending the life of the loan by one month. This can be a valuable tool in your financial tool belt.

  • What loans are not eligible for Skip-A-Pay?
    1. Real Estate Loans (1st and 2nd Mortgage and Home Equity Lines)
    2. Business Loans
    3. Lines of Credit (Kwik Kash, Anytime Credit, Overdraft Protection, and Credit Cards)
    4. Christmas Loans
    5. Single Pay Term Loans
    6. Loans with Less than 6 Monthly Payments
    7. Loans Currently Past Due More than 10 Days
    8. Loans that Received Maximum Extensions (six skip pays and/or extensions allowed during the term of the loan)
    9. Workout Loans or Troubled Debt Restructuring (TDR)
    10. Accounts in Bankruptcy
    11. Charged-Off Loans
    12. Loans on Accounts with a Negative Checking or Savings Balance
    13. Accounts with Bad Addresses