Welcome to Homeroom

Supporting Educators, One Home at a Time

 

AlaTrust Credit Union was founded by educators for educators in 1935. We now have expanded our services offerings to those outisde of the classroom, but we always strive to honor our roots and take care of the group that helped us get to where we are today. Through our Homeroom program, we offer specialized mortgage services tailored to meet the unique needs of educators. Our commitment extends beyond just providing the best mortgage rates; we support educators with exclusive offers and benefits all year round. Educators and retired educators, apply now by clicking the button below!

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Homeroom Mortgage Perks

1. Discounted Closing Costs: Up to $800 in additional reduced closing costs, we put our money where our mouth is when it comes to financially supporting teachers.

2. Discounted Preferred Agent Fees: Up to $800 credited to you from our local real estate partners who have joined in our commitment to give back.

   • Preferred Realtor List

3. Donation to Your School: We donate up to $200 on home purchases to a school program of your choice (cheer team, science lab, teacher’s lounge, etc.)

4. Best Rates and Products: We are a not-for-profit organization, meaning we are tax exempt and don’t have to factor in profit for ourselves when offering a rate allowing us to give the best rates we can!

   • Current Mortgage Rates 

5. Guaranteed Pre-Approval Letter: Receive a guaranteed pre-approval letter from AlaTrust to boost your offer acceptance and have a smoother faster closing experience

6. Personalized Service and Support: Finding the right mortgage can be challenging. At AlaTrust, we prioritize our members and personalize our services to meet your specific financial situation. Our team is here to answer any questions and guide you through the process.
7. Grant Assistance: We offer a unique financial opportunity for current or retired educators to access up to $20,000 (in grant funding) to assist with the down payment, closing costs, and rehabilitation costs incurred when purchasing a home.⁠ ⁠Funding is available to qualified homebuyers that meet product and income eligibility requirements.⁠ ⁠Please call our mortgage loan officer, Shelby, at 205.397.3577 to determine if you are eligible for funding support to begin your application process.

Why Choose AlaTrust?

• Founded by Educators: Established in 1935 by the Birmingham Board of Education, we've been dedicated to serving educators ever since. To this day, the majority of our board are retired educators. 
• Beyond Mortgage Benefits: Enjoy our back-to-school specials, educator-exclusive loans, snack cart treats, and free financial literacy simulations for Alabama schools.
• Nonprofit Advantage: As a not-for-profit organization, we offer the best possible rates without the need to factor in profits.

Download our Homeroom Brochure 

Contact Us

We're Here to Help

Phone: 1-800-264-8031
Email: mortgages@alatrustcu.com

Chat now with your local mortgage lender

Payroll Deduction is an authorized portion that comes out of your paycheck, whether it’s weekly, bi-weekly, monthly, semi-monthly, etc., that allows you to

• Conveniently pay on a loan without ever missing a payment
• Deposit money into your and/or family members account without visiting a branch
• Establish and maintain a savings plan

Gain peace of mind while never having to manually touch your accounts.

Sign Up Today

 At AlaTrust Credit Union, we believe that financial literacy is one of the most important skills for young people to develop. It helps them make better decisions about their money, and it can also help them avoid mistakes that could cause a lifetime of financial difficulties.

Our goal is to teach young people about budgeting, saving for the future and other valuable skills that will help them throughout their lives. Providing financial literacy is one way we give back to our community and Sponsor Employer Groups (SEG). Financial literacy is offered to students of all grade levels. We hope you'll join us in supporting this important program!

To set up a financial literacy class or fiancial literacy simulation (Bite of Reality), click the schedule a class button below and complete the form. 

 Schedule a Class Financial Literacy Overview 

AlaTrust Credit Union is available to address your school/ company with our interactive financial education program whether it’s during a staff meeting or an event. If you’re interested in an on-site presentation for your company, school or group please email marketing@alatrustcu.com.

SEG List

Download and print a free AlaTrust Planner for the 2024-2025 school year!

PDF Planner

We want our educators to know how grateful we are for all the hard work they put in every day!

In order to express our appreciation for all they do for our kids, we started providing appreciation goodies in hopes that this small token will help them feel supported and loved by their financial partner.

We Love Our Educators!

Schedule a Snack Cart Delivery