Apco Employees Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.97% | 5-year CD | 60 Months CD 1.85% - Synchrony Bank 60 Month CD |
| 1.16% | 1-year CD | 366 Days CD 1.05% - Ally Bank High Yield 12-Month CD |
| 1.00% | Savings | Share Account 1.00% - Ally Bank Online Savings Account |
Apco Employees Credit Union is headquartered in Birmingham and is the 2nd largest credit union in the state of Alabama. It is also the 65th largest credit union in the nation. It was established in 1953 and as of June of 2016, it had grown to 113 employees and 71,797 members at 15 locations. Apco Employees Credit Union's savings rates are 92% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Apco Employees Credit Union is open to employees and retirees of Alabama Power Company, Southern Nuclear, Southern Company Services, or other affiliated companies of the Southern Company.
See current membership details
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Never An Issue
I collect credit unions whenever I'm eligible. I only have a savings account and I have previously held a CD.
Rates are fantastic. The online account interface is an older-looking system and it's not always intuitive. This was never a problem for me - it met my needs and I usually all or visit if I have something complicated.
Interest is paid quarterly, which is unusual but does not undo the higher rates. It's a smaller credit union so there may not be a convenient location near you, but for me it's a place to stash cash so it's never been an issue.
1.26% Savings Rate (Share Account)
Recently opened an account here. My mother is a member which was my "in" but I asked the teller and she said they take customers words for it so if you were to join and say you worked for apco or one of the other groups, they wouldnt question you over it.
The share account pays interest quarterly which is unusual.
Im not clear on how long their rate has been 1.26% or how long it will continue.
But, since capone has taken over ING, I began seriously looking for a better place for my 6 figure account and APCO was the best i could find. I just hope it continues.
I guess they have a free checking account that pays interest too.
But, I maintain my ING account for my checking for now as well as a small savings there. I had intended to switch my checking to Ally but their format is not as good. And you cant tell from your account any future trransfers.
Hopefully, I will get off my duff and invest most of my money rather than letting it sit at such low rates.
I did recently buy shares in APCOs parent, Southern Company. Nice dividend yield at about 4.5% and a terrific long term track record of total returns. My first utility. Considering buying others because a number of them also have good long term track records and good yields.
In the past, I took much more risk as an investor but over the last 7-8 years, Ive had a number of situations work out via buyouts mergers or sales and I have not been able to reinvest all the proceeds. So the cash sits in savings accounts.
Thats got to change.
My goal for SO is at least a 10% total return but even if I just earn the dividend and no capital gains over the long term, thats better than a savings account or a CD.
And I set my account up to reinvest the dividends since I dont need the cash.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62728 |
| Year Chartered | 1953 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 7.87% |
| Annual Interest Income | $29.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $2.71B$2.58B |
| Loans | Q2 2016vs Q2 2015 | $745.3MM$707.7MM |
| Deposits | Q2 2016vs Q2 2015 | $2.41B$2.31B |
| Equity Capital | Q2 2016vs Q2 2015 | $288.3MM$263.9MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $2.4MM$2.7MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $2.7MM$3.5MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $477.00K$1.1MM |
Always verify rates and promotions with the bank or credit union. We are not Apco Employees Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Apco Employees Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $25 | - | IRA Share Account | |
| 1.51% | $25 | - | Roth IRA Share Account | |
| 1.00% | $25 | - | Share Account | |
| 1.00% | $25 | - | Christmas Club Account |
Apco Employees Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $2k* | - | Checking Account | ||
| OTHER TIERS: 0.15% → Up to $2k | |||||
Apco Employees Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.97% | $2,500 | - | 60 Months CD | |
| 1.71% | $2,500 | - | 48 Months CD | |
| 1.51% | $2,500 | - | 36 Months CD | |
| 1.46% | $2,500 | - | 37 Months 1 Time Step Up CD | |
| 1.41% | $2,500 | - | 30 Months CD | |
| 1.36% | $2,500 | - | 24 Months CD | |
| 1.26% | $2,500 | - | 18 Months CD | |
| 1.16% | $2,500 | - | 366 Days CD | |
| 0.80% | $2,500 | - | 182 Days CD | |
| 0.70% | $2,500 | - | 91 Days CD | |
| 0.60% | $2,500 | - | 30 Days CD | |
| 0.60% | $2,500 | - | 45 Days CD | |
| 0.60% | $2,500 | - | 60 Days CD |
Apco Employees Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.97% | $500 | - | 60 Months IRA | |
| 1.71% | $500 | - | 48 Months IRA | |
| 1.51% | $500 | - | 36 Months IRA | |
| 1.46% | $500 | - | 37 Months 1 Time Step Up IRA | |
| 1.41% | $500 | - | 30 Months IRA | |
| 1.36% | $500 | - | 24 Months IRA | |
| 1.26% | $500 | - | 18 Months IRA | |
| 1.16% | $500 | - | 366 Days IRA | |
| 0.80% | $500 | - | 182 Days IRA |
Apco Employees Credit Union has 15 locations. Click to view all Apco Employees Credit Union locations.