CUs for Alabama

Rooted in
Alabama

Alabama credit unions are invested in the local communities they serve.

Credit unions are growing the local economy by expanding small business loans and empowering job growth. Credit unions are helping more consumers achieve the American Dream.

How Credit Unions Help Move Alabama Forward

Credit unions are not-for-profit financial cooperatives owned by and operated for the benefit of the members they serve.  Credit unions provide resources to their members and families to help them obtain financial well-being. This includes improving financial education, food security, housing security, and more. Learn how Alabama credit unions are working to achieve this mission from Alabama Credit Union President/CEO Steve Swofford.

Credit unions in Alabama

Credit Union Members

of Credit Unions Provide Financial Education Services

Amount of Small Business Loans

Total Economic Impact

ROOTED IN ALabama Communities

Here to help you when you need it most.

I am a Vietnam Veteran and due to injuries I received, I had to have a revision surgery. I had to file bankruptcy due to the medical expenses and the medication wasn’t covered by insurance. Alabama Teachers Credit Union stood side by side with me and my family to help us get through the tough times. Alabama Teacher’s Credit Union believed in me when it was difficult to believe in myself. They are a loyal and dependable friend.

Gregory S.Alabama Teacher’s Credit Union

I became an ATCU member after switching from a large bank that liked to charge all kinds of fees just to have an account with them. I stayed because I felt like part of the family. When I need something, I talk to a real human on the phone. When I go into my local branches, they know me by name and are happy to help. The best money decision I ever made was to become a member.

Joshua D.Alabama Teacher’s Credit Union

I chose ATCU because I’ve had several bad experiences with our local banks. My mother suggested I open an account here, so I finally took her advice. To this day, I’ve had nothing but good overall services from ATCU. My only regret is that I didn’t join much sooner!

Cindy M.Alabama Teacher’s Credit Union

Moving Alabama’s economy forward…

Through jobs.

Credit unions employ nearly 5,700 people in Alabama. Employees of credit unions help stimulate the local economy, pay state and local taxes, and contribute to the overall well-being of the state’s economy.

By putting more money into tax coffers.

Alabama credit unions and their members make substantial contributions to tax revenues. In the most recent tax year, Alabama credit unions generated over $XXX million in tax revenue through their economic activities such as contracting employees, purchasing, and credit union employees spending in the local economy.

On the local level, over $XX million was generated through their economic activity— all of which helps fund schools, roads, and other vital parts of our state’s economy and infrastructure.

By keeping more money right here at home.

Alabama’s not-for-profit, member-owned credit unions delivered $XXX million in direct financial benefits to consumers in 2023. Not surprisingly, in 2023, memberships in the state’s credit unions increased by over X times the rate of Alabama’s population growth. More people are choosing credit unions every day.

Through education and financial literacy.

Credit unions proactively reach out to consumers to put them on a path to financial success and independence. Alabama credit unions played a key role in passing legislation to promote financial literacy in public high school classrooms, ensuring that students have the knowledge and tools needed to succeed before graduating.

Alabama credit unions, rooted in local communities in every corner of the state, often partner with local high schools to create student-run branches – furthering students’ understanding of the importance of finance.

STORY GALLERY

Credit unions understand life happens.
We’re here to help support you when it does.

Aileen | Five Star Credit Union

Austin | All In Credit Union

Caitlin | APCO Employees Credit Union

Donna | Mayor of Wadley, AL

Michele | Sixth Avenue Baptist FCU

Shelley | Alabama Credit Union

Latest News

Get the latest news from our community.

Credit Unions Strive to Make a Difference in Their Local Communities

There’s more to credit unions than checking and savings accounts, loans, and other financial products.
From Business Alabama:

All In Credit Union Awards $450,000 in Grants

More than $1.2 million in grants have been awarded to 74 organizations over the past six years. From the Dothan Eagle:

First Student-Ran Credit Branch Opens in Jackson County

Redstone Federal Credit Union’s newest branch has opened up inside Scottsboro High School. From WHNT News 19: