Alabama

Montgomery, Alabama

REGULATING AGENCY: Alabama Credit Union Administration

ACCREDITED: 1998

LEAGUE: League of Southeastern Credit Unions & Affiliates, Alabama Credit Union Association (ACUA)

PRIVATE SHARE INSURANCE: YES



2023 STATS 
  • Largest SCU: APCO EMPLOYEES CU $3.5B in assets
  • Largest FCU: REDSTONE FCU $7.55B in assets
Fourth Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 52 41 93 55.91%
Credit Union Members 1.33M 1.38M 2.72M 49.07%
Credit Union Assets $20B $15.54B $35.54B 56.28%


FUN FACT

The first Electric Trolley System in the world was brought to life in Montgomery in 1886.


RECENT NEWS
Alabama Credit Union Administration Receives NASCUS Accreditation

The National Association of State Credit Union Supervisors (NASCUS) is proud to announce that the Alabama Credit Union Administration (ACUA) has earned Accreditation following a series of in-depth reviews and assessments by a panel of veteran state supervisors.

‘The Alabama Credit Union Administration (ACUA) is a small and independent agency within our state’s framework. The NASCUS Accreditation program provides a review of our operations, assures that quality standards for examination and supervision are appropriate and identifies practices to improve upon,” commented H. Greg McClellan, Administrator at the Alabama Credit Union Administration. “The process measures our state regulatory agency’s ability and resources to effectively carry out our regulatory and supervisory programs.”


STORY ARCHIVE

Click here to take a look at the stories that have been collected over the years in Alabama.

What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!