September 7th, 20233341Tuscaloosa, 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, 20232457August 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, 20231319August 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, 2023074Coosa 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, 20233085Mobile, 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, 202330103Birmingham, 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, 202327100Birmingham, 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...
July 11th, 20232586Tuscaloosa, AL – July 10, 2023 – The Alabama ONE Aspire Foundation will host its 2nd annual Builders Awards presentation on Tuesday, September 19 at the Alberta School of Performing Arts, presented by Tellerix. The Builders Awards precedes the Alabama ONE Aspire Foundation’s annual Bridge Builders Conference to commence on November 16, 2023, at Bryant Conference Center on The University of Alabama campus.
The 2023 Builders Awards nominees were selected by a nomination committee. “We are excited to celebrate the achievements of some of the best community partners and non-profit agencies in West Alabama at the Builders Awards!”...
July 3rd, 20233054Birmingham, Ala. – The United States Attorney’s Office for the Northern District of Alabama has indicted six individuals on federal charges relating to the alleged card fraud committed on Avadian Credit Union on Sunday, June 18.
Avadian would like to express its sincere appreciation to the FBI, the U.S. Secret Service, and all Birmingham-area law enforcement officials for working in conjunction with Avadian Credit Union to swiftly identify the perpetrators and bring them into custody.
We also appreciate our members’ patience while we worked with law enforcement to rectify the situation.
At this time, we cannot comment further...
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