September 29th, 20231194Tuscaloosa, AL – Just last month, Alabama ONE Credit Union, a leading provider of financial services, announced a merger with Brewton Mill Federal Credit Union (BMFCU) in Escambia County. Today, Alabama ONE Credit Union is pleased to announce an additional merger with McIntosh Chemical Federal Credit Union (MCFCU) in Washington County, AL. This merger was approved by the membership of McIntosh Chemical Federal Credit Union and will be made effective on October 1, 2023. The merger will further extend Alabama ONE's footprint into south Alabama, enhancing the breadth and depth of financial products and services available to members of both...
September 26th, 2023354Birmingham, Ala. – The Credit Union National Association (CUNA) announced that Avadian Credit Union won the 2022 Louise Herring Philosophy in Action Award for credit unions in the state of Alabama.
“The philosophy behind the credit union movement is ‘people helping people,’” said Linda Cencula, Avadian’s President and CEO, “so we are beyond delighted to receive the Philosophy in Action Award.”
The award is “given to a credit union for its practical application of credit union philosophy within the actual operation of the credit union.”
Avadian was recognized for its efforts in opening a new branch in the midtown...
September 7th, 20233311Tuscaloosa, AL – Alabama ONE Credit Union, a leading provider of financial services, announced that it has merged with Brewton Mill Federal Credit Union (BMFCU). This merger was approved by the membership of Brewton Mill Federal Credit Union and was made effective on September 1, 2023. The merger will extend Alabama ONE's footprint into Conecuh and Escambia counties in South Alabama, enhancing the breadth and depth of financial products and services available to members of both institutions.
"We are thrilled to welcome Brewton Mill Federal Credit Union into the Alabama ONE family," said Bill Wells, CEO of Alabama ONE. "This strategic...
September 1st, 20232443August 31, 2023 – Dothan, AL-based Five Star Credit Union announced today that it has entered into an agreement to acquire Abbeville, GA-based Wilcox County State Bank. The deal will be structured as a purchase and assumption transaction, and the consideration will be all-cash. Other financial terms were not disclosed.
Upon consummation, Five Star will have total assets of approximately $950 million and will expand its footprint to 23 full-service banking locations across lower Alabama and south and middle Georgia with the addition of Wilcox County State Bank’s four offices in Abbeville, Rochelle, Milan and Ocilla, GA.
“Five Star...
August 28th, 20231301August 28, 2023 – Dothan, AL-based Five Star Credit Union announced today that it has entered into an agreement to acquire Macon, GA-based OneSouth Bank, the banking subsidiary of OneSouth Financial, Inc. of Blakely, GA. The deal will be structured as a purchase and assumption transaction and the consideration will be all-cash. Other financial terms were not disclosed.
Upon consummation, Five Star will have total assets of approximately $950 million and will expand its footprint to 23 full-service banking locations across lower Alabama and south and middle Georgia with the addition of OneSouth Bank’s 4 offices in Macon, Blakely and...
August 21st, 2023072Coosa Pines Federal Credit Union announced that former Accounting Manager Benjamin Puckett has been promoted to Chief Financial Officer (CFO). Benjamin began his full-time career with the credit union over four years ago after interning for three years during college breaks. A Childersburg native, Benjamin received an undergraduate degree in accounting from the University of Montevallo and a master’s degree from the University of Alabama at Birmingham.
Benjamin went to Montevallo planning to study marketing, but one course in accounting changed that. “I realized that was where I was meant to be,” he said. “I just loved working...
August 16th, 20233082Mobile, AL: New Horizons Credit Union has earned the Military Saves Designation of Savings Excellence award for efforts in financial education stressing the importance of saving during National Military Saves Week. This honor is reserved for financial institutions that succeed in getting people to open or add to wealth-building accounts and take the pledge to save.
The economy and world affairs are an unfortunate situation that is currently impacting military families and their finances. Military Saves Week has helped to spearhead the conversation around the importance of saving and encourages service members and their families take...
August 15th, 20233094Birmingham, Ala. – Avadian Credit Union announced today that it has opened a new office space dedicated to serving its business members. It is located in Birmingham at 2200 Lakeshore Drive, near Covenant Presbyterian Church.
“We are delighted that we are able to serve our business members better at this new location,” said Billy Chancellor, Avadian’s Chief Lending Officer. “It houses all of our Business Services experts and provides a dedicated space we can use to meet with our business members, discuss business plans and close business loans.”
“This new location is fully dedicated to our business members,” said Linda...
July 25th, 20232798Birmingham, Ala. – On Monday, July 17, Avadian Credit Union’s Pelham branch opened in its new location at 2723 Pelham Parkway.
The branch features state-of-the-art design and technology throughout. It begins with three video-capable ATM Plus+ machines – one in the branch’s lobby and two in the drive-thru lanes. ATM Plus+ machines allow members to perform transactions plus talk to an Avadian team member, with hours that extend beyond normal business hours.
The new branch design provides the technology and space for both quick self-service and assisted transactions, conversations ranging from account maintenance to wealth...
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