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Apco Employees Credit Union

Popular Accounts at this Credit Union

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

Overview / Commentary
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 71st largest credit union in the nation. It was established in 1953 and as of December of 2016, it had grown to 115 employees and 71,679 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.
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Reviews (3)

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.

APCO Credit Union Review

Posted by: BryanGF | Dec 29, 2016

I have personally held accounts with APCO credit union for 15 years and have had great experiences through them. Service is always really fast at the counter and drive-thru. They do not engage in friendly chit-chat that usually holds up lines for an unnecessary amount of time. This is not to say they are rude or unfriendly. They are nice and ask how things have been while they are processing your account but will not inconvenience the others in line by dragging conversations out like I have experienced at other institutions. This bank is one of the few left that still has an interest drawing checking account. It's a nice touch, but interest rates are very small right now (not a fault of the institution) and some interest is a lot better than none. The big drawback to APCO is the online banking. You can forget it if you want to bank by phone and the online (desktop) version isn't much better. The interface doesn't make much sense at all and the descriptions of transactions are not very good nor are the timely about posting said transactions. It really does feel like using an interface from 1998. Overall, I have had good experiences with this organization over the years and, while the technology is lacking for online, they are a good institution to do business with.


Health Grade Components

NCUA #62728
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD7.67%
Annual Interest Income$58.5MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.74B$2.60B
LoansQ4 2016vs Q4 2015$755.0MM$739.7MM
DepositsQ4 2016vs Q4 2015$2.47B$2.32B
Equity CapitalQ4 2016vs Q4 2015$263.6MM$272.1MM
Loan Loss AllowanceQ4 2016vs Q4 2015$2.5MM$2.5MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$3.7MM$4.2MM
Real Estate OwnedQ4 2016vs Q4 2015$386.00K$675.00K
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* 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

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

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

Apco Employees Credit Union CD Rates

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

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.