Featured Savings Rates
Featured Accounts

Apco Employees Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.97%5-year CD60 Months CD
1.16%1-year CD366 Days CD
1.00%SavingsShare Account

Overview / Commentary
205-226-6800
750 17th St N
Birmingham, AL 35203

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 March of 2016, it had grown to 110 employees and 71,626 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

APCO Employees CU is open to employees, current or retired, of the Alabama Power Company, Southern Company Services, Southern Nuclear, the Southern Company associated affiliates, and any CU-affiliated SEG's or organizations. The membership eligibility extends to include the family members of current CU members.
See current membership details

Related Posts

View all posts from:


Reviews (2)

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)

Posted by: RJM | Feb 18, 2013

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.



Health
A

Health Grade Components

Overall
NCUA #62728
Year Chartered1953
Employees110
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD8.79%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$2.71B$2.58B
LoansQ1 2016vs Q1 2015$742.1MM$688.3MM
DepositsQ1 2016vs Q1 2015$2.42B$2.32B
Equity CapitalQ1 2016vs Q1 2015$282.0MM$261.0MM
Loan Loss AllowanceQ1 2016vs Q1 2015$2.4MM$2.5MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.5MM$2.7MM
Real Estate OwnedQ1 2016vs Q1 2015$767.00K$630.00K
Rates
Skip to rates for:
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$2k*-Checking Account
OTHER TIERS: 0.15% Up to $2k

Apco Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations

Apco Employees Credit Union has 15 locations. Click to view all Apco Employees Credit Union locations.