Alabama but having a resident employee in Alabama whose employment includes making consumer loans or taking assignments of consumer credit contracts shall obtain a license for the location where the creditor maintains its records regarding Alabama loans or Alabama consumer credit contracts; and provided further, that, banks chartered by this state or any other state, banks chartered by the United States,
trust companies, savings or building and loan associations, savings banks and other thrift institutions, credit unions,
life insurance companies, and federally
constituted agencies shall be exempt from licensing.