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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 66th largest credit union in the nation. It was established in 1953 and as of September of 2016, it had grown to 120 employees and 71,801 members at 15 locations. Apco Employees Credit Union's savings rates are 92% higher than the national average, and it boasts 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 (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 Grade Components

NCUA #62728
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD7.42%
Annual Interest Income$43.9MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$2.74B$2.58B
LoansQ3 2016vs Q3 2015$749.6MM$729.5MM
DepositsQ3 2016vs Q3 2015$2.44B$2.31B
Equity CapitalQ3 2016vs Q3 2015$289.2MM$270.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$2.4MM$2.8MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.8MM$4.0MM
Real Estate OwnedQ3 2016vs Q3 2015$451.00K$1.4MM
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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.