January 6th, 20250194Birmingham, Ala. (January 6, 2025) – As of January 1, 2025, APCO Employees Credit Union (APCO) based in Birmingham, Alabama, and Mutual Savings Credit Union (Mutual Savings) based in Atlanta, Georgia, have announced the official approval of a merger as voted with overwhelmingly positive support by the Mutual Savings membership. The merger demonstrates both Credit Unions’ commitment to continue serving employees of Southern Company and its affiliates.
“The merger of Mutual Savings Credit Union into APCO Employees Credit Union represents an ideal partnership as we both have strong financial foundations and have shared values and...
December 19th, 2024737Birmingham, Ala. – On Wednesday, Dec. 11, the Avadian Foundation awarded its third round of grants to organizations in the state of Alabama that are addressing needs in four key areas identified as the focus for the Foundation.
“We formed the Foundation as an outgrowth of our commitment to helping people,” said Linda Cencula, retiring President and CEO of Avadian. “We want to support the financial well-being of the people in the communities around us to create a more inclusive future for all by investing in affordable housing, financial health, small business development, and education across our membership...
December 12th, 2024746Birmingham, Ala. -- On Thursday, Dec. 5, Avadian Credit Union recognized its 90th anniversary with a celebration at its corporate office in Hoover.
Avadian was formed in 1934 by seven telephone company employees with a capital base of just $70. Their aim was to serve people with the financial products and services they needed to excel.
“It’s always been about service for us,” Avadian’s retiring president and CEO Linda Cencula said. “That approach has allowed us to survive and even thrive when other financial institutions have come and gone.”
Brenda Welborn, the vice-chairperson of Avadian’s Board of Directors, said,...
November 20th, 20244168HUNTSVILLE, Ala. (Nov. 19, 2024) – Redstone Federal Credit Union is pleased to welcome Samarpreet "Sam" Sohi as its new chief financial officer (CFO) and executive vice president (EVP).
Sohi succeeds Wayne Sisco, Redstone’s current CFO and Senior EVP, who is set to retire in March of 2025 after a 38-year tenure.Sohi is a chartered financial analyst who brings more than 15 years of experience to Redstone. He joins the credit union from Keesler Federal Credit Union in Biloxi, MS, where he served as CFO. He has a proven track record in leading transformational change, developing internal talent, driving digital transformation, optimizing...
November 6th, 202413131Tuscaloosa, AL – The Alabama ONE Board of Directors recently approved Whitney Oswalt as CEO of Alabama ONE. Today, Oswalt announced the formation of its newly established Executive Leadership Team to leverage their extensive expertise to foster growth, enhance operational efficiency, and drive innovation for all Alabama ONE members.
Oswalt expressed his confidence in the team, stating, "It is my pleasure to announce the newly formed Executive Leadership Team. This team is comprised of highly skilled and experienced individuals who will continue to build on our strong foundation and focus more on our strategic priorities for our members....
November 4th, 20241225HUNTSVILLE, Ala. (Oct. 31, 2024) – For the ninth consecutive year, Redstone Federal Credit Union honored the community’s first responders with a special meal and appreciation gifts.
The First Responders Appreciation Luncheons were held to serve both Alabama and Tennessee communities, offering meals on-site and packed to go. Redstone’s initiative aligns with Congress’s designation of October 28th as National First Responders Day in 2017. Since then, the credit union has served thousands of meals to firefighters, police officers, EMTs and all who respond first on the scene of a traumatic situation.
Deemed as one of Redstone’s...
November 1st, 2024730BIRMINGHAM, Ala. — Credit Unions for Kids is a collaborative network of credit unions that assist nonprofit children's hospitals in the United States, enabling credit unions to promote families' financial and emotional well-being in addition to their physical health. Since 2009, ēCO Credit Union has consistently been one of the top fundraising credit unions in the state of Alabama. This year marked the fifteenth year of support for Children’s of Alabama.
ēCO Credit Union’s 2024 Change for Children’s fundraiser, created to support Children’s of Alabama, took place from September 9th through October 18th. Donations were accepted...
October 8th, 20241536Mobile, Alabama - September 2024: BauerFinancial, Inc., the Nation’s Premier Credit Union Rating Firm, is pleased to acknowledge New Horizons Credit Union, Mobile, AL, for its 5-Star status. This rating is based on financial data and signifies that New Horizons Credit Union continues to be one of the strongest credit unions in the nation.
“Bauer rates credit unions based on their overall financial condition,” reports Karen Dorway, President of the rating firm, “and has been doing so for four decades. Bauer’s approach of taking current financial data along with historical trends has enabled Bauer to anticipate certain events...
September 25th, 20241551September 24, 2024 _ Redstone Federal Credit Union and the University of Alabama in Huntsville (UAH) marked five successful years of partnership and student achievement on Tuesday, Sept. 24, from 11 a.m. to 1 p.m. at the UAH Charger Union (4705 Holmes Avenue, Huntsville, AL 35899).
The UAH branch, primarily staffed by UAH students, offers valuable services and convenience to the university’s students, faculty and staff. Alongside providing work experience and career opportunities, the branch’s affinity debit card has generated $23,240 in revenue for the university since its launch. Each time a member uses the UAH-linked debit card,...
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