Question 1

What is Mead Coated Board Credit Union of Eufaula?

Accepted Answer

Mead Coated Board Credit Union of Eufaula is a small federal credit union serving employees and families connected to the paperboard manufacturing industry in Alabama. With approximately $41.7 million in assets and 1,505 members, this institution provides personalized financial services to its close-knit membership base.

The credit union operates as a field-of-membership institution focused on serving workers from the historic coated board manufacturing operations in the Eufaula area. It maintains a strong net worth ratio of 21.75%, indicating solid financial stability and security for its members.

Question 2

When was Mead Coated Board Credit Union of Eufaula founded?

Accepted Answer

The credit union was founded in 1967 (Charter Number 18192) to serve employees of Mead Corporation's coated board manufacturing facilities in the region. The Mead Corporation, which later became MeadWestvaco and eventually part of WestRock (now Smurfit WestRock), was a major paper and paperboard producer with operations throughout the southeastern United States.

The credit union was established during a period of significant expansion in the paper industry, when Mead Corporation was building and operating numerous paperboard mills throughout Alabama and Georgia. The nearby Phenix City, Alabama coated board mill, which Mead took full control of in 1988 and expanded significantly in 1991, represented one of the company's major investments in the region.

Question 3

Where is Mead Coated Board Credit Union of Eufaula headquartered?

Accepted Answer

The credit union is headquartered in Eufaula, Alabama. The mailing address is P.O. Box 99, Eufaula, AL 36072.

Eufaula is located in Barbour County in southeastern Alabama, near the Georgia border, and is part of the Columbus, GA-AL Metropolitan Statistical Area.

Question 4

Where does Mead Coated Board Credit Union of Eufaula operate?

Accepted Answer

The credit union operates in the Eufaula, Alabama area with membership tied to the paperboard manufacturing industry. According to NCUA records, the credit union has 3 branches serving its members, though it does not maintain a public website.

Membership is restricted to employees and family members associated with the coated board manufacturing operations and related industries in the region. The credit union's field of membership reflects its occupational charter, serving approximately 1,505 members out of a potential membership base of around 2,800 individuals.

Question 5

What services does Mead Coated Board Credit Union of Eufaula offer?

Accepted Answer

As a federal credit union, Mead Coated Board Credit Union offers core financial services to its members, including:

Deposit Accounts: Share savings accounts, checking accounts, and certificates of deposit provide members with options for saving and managing daily finances.

Loan Services: The credit union offers various lending products including personal loans, auto loans, and other consumer credit products. As of Q3 2025, the credit union holds approximately $10.3 million in total loans, serving 636 loan accounts.

Member Services: With 2 full-time employees and 1 part-time employee, the credit union provides personalized service to its membership base. Members can conduct transactions at any of the credit union's 3 branch locations.

The credit union does not maintain a website, reflecting its traditional, relationship-focused approach to member service through in-person banking at branch locations.

Question 6

What makes Mead Coated Board Credit Union of Eufaula unique?

Accepted Answer

Mead Coated Board Credit Union stands out for its deep connection to Alabama's paperboard manufacturing heritage. The credit union has served the same community for nearly six decades, maintaining its commitment to workers in the paper and packaging industry.

Strong Financial Position: With a net worth ratio of 21.75%, the credit union maintains well-capitalized status, providing security and stability for its members. The institution has demonstrated consistent financial performance with a return on average assets of 11.84%.

Conservative Lending Approach: The credit union maintains a loan-to-share ratio of 31.54%, indicating a conservative lending strategy that prioritizes member deposits and financial security. This approach has helped the credit union weather economic changes in the manufacturing sector.

Personalized Service: With a small staff serving approximately 1,505 members, the credit union offers highly personalized banking relationships. This intimate scale allows staff to know members personally and understand their individual financial needs.

Question 7

What type of financial institution is Mead Coated Board Credit Union of Eufaula?

Accepted Answer

Mead Coated Board Credit Union of Eufaula is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). As Charter Number 18192, it operates under NCUA Region 2 supervision.

As a federal credit union, it operates as a not-for-profit cooperative financial institution owned by its members. The credit union follows an occupational common bond structure, with membership restricted to employees and family members connected to the coated board manufacturing industry in the Eufaula area.

Credit unions like Mead Coated Board operate under the principle of "people helping people," with any earnings returned to members through better rates, lower fees, and improved services rather than distributed as profits to outside shareholders.

Question 8

How has the manufacturing industry affected Mead Coated Board Credit Union?

Accepted Answer

The credit union's membership and operations have been closely tied to the evolution of the paper and packaging manufacturing industry. The Mead Corporation underwent significant changes over the decades, merging with Westvaco in 2001 to form MeadWestvaco, which later became part of WestRock in 2016.

WestRock subsequently merged with Smurfit Kappa in 2024 to form Smurfit WestRock, one of the world's largest sustainable packaging companies. Throughout these corporate transformations, the credit union has continued serving workers connected to the region's paperboard manufacturing operations.

The credit union has adapted to industry changes while maintaining its mission to serve the financial needs of workers in the paper and packaging sector, demonstrating resilience through decades of industrial evolution.

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