March 3rd, 20250119TUSCALOOSA, AL – The Alabama ONE Aspire Foundation, committed to helping individuals achieve their financial goals, is proud to announce the launch of its 2025 Aspire Foundation Scholarships. These scholarships aim to support Alabama ONE members in their pursuit of higher education, reinforcing our commitment to growth, innovation, and community support.
“We believe education is a powerful catalyst for personal and professional development. The Aspire Foundation Scholarships are designed to elevate our members' aspirations and provide financial assistance to support them though their desires to pursue higher education," said...
February 25th, 2025029Gadsden, Ala.– In honor of National Random Acts of Kindness Day, Family Savings CU partnered with The Outreach Program and United Way of East Central Alabama to pack 50,000 meal kits for local food pantries. The event, held at the Venue in Gadsden, Ala., saw every Family Savings CU employee roll up their sleeves for a day dedicated to community service.
Nearly 300 employees across every branch dedicated approximately two hours to assembling macaroni and oatmeal meal kits—each kit containing all the ingredients needed to prepare a complete, hearty meal. After the packing session, teams personally delivered the kits to food pantries in...
February 14th, 2025034HAZEL GREEN, Ala. – Redstone Federal Credit Union cut the ribbon today at its first full-service branch in Hazel Green. Located at 14395 US Hwy 231/43, the highly anticipated branch is in answer to the area’s growing demand and members’ request. As Hazel Green experiences significant growth, Redstone is expanding its presence to ensure local residents have convenient access to essential financial services. The new 5,400 sq. ft. branch also serves to support Redstone’s existing student-run branch at Hazel Green High School.
“We are thrilled to open this new branch in a community that’s seeing such exciting growth,” said...
February 6th, 2025099BIRMINGHAM, Ala. — Each year, ēCO Credit Union provides pencils to schools in Jefferson County for academic testing. ēCO is proud to announce the successful delivery of over 50,000 pencils to schools throughout Jefferson County. This initiative aims to support schools and their students during academic testing periods. The delivery is a testament to ēCO Credit Union’s long-standing commitment to uplifting educators and the community.
For over 80 years, ēCO Credit Union has been dedicated to giving back to the community and supporting our schools. By providing these essential supplies, schools can focus on supporting the academic...
January 6th, 20250204Birmingham, 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, 2024749Birmingham, 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, 20247147Birmingham, 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, 20245188HUNTSVILLE, 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, 202413326Tuscaloosa, 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....
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