Merger Information

Twice recognized by the Credit Union National Association as the nation’s top credit union for delivering benefits to members, APCO Employees Credit Union is a not-for-profit, full-service financial institution, headquartered in Birmingham, Alabama. APCO Employees Credit Union was chartered in 1953 when three established credit unions, all serving employees of Alabama Power, merged with the purpose of establishing a larger capital base that would allow greater Credit Union service to members.

Over the past 70 years, APCO has grown to become the second-largest credit union in Alabama, and the largest state-chartered credit union in the state, proudly serving 73,000 members with more than $3 billion in assets. We are excited to officially welcome Powerco members to the APCO family as a fully integrated members of APCO as of April 1, 2024.

The Merger Guide has been mailed to all Powerco members and can be viewed here.

Your accounts will continue to be federally insured just as they are today through the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the U.S. Government and managed by the National Credit Union Administration (NCUA).

Yes, Powerco members will enjoy access to 20 additional branch locations. View branch locations here.

Yes, in addition to account access at 20 additional APCO branches, Powerco members will gain access to both branches and ATMs through the CO-OP Shared Branch Network. When you’re on the go or on the road, you can still conveniently access your accounts to make deposits or withdrawals, and even transfer funds. APCO Employees Credit Union participates in the CO-OP Shared Branch Network, which means you have access to more than 30,000 surcharge-free ATMs and 5,600 Shared Branches throughout the country.

To find the nearest ATM or Shared Branch:

• Text* a zip code to 91989 to find nearby ATM and Shared Branch locations.
• Call 1-888-SITE-COOP (888-748-3266) to find a location by phone.
• Download the CO-OP ATM App* to your iPhone® or Android™ device.
• Visit co-opcreditunions.org/locator to locate ATMs and Shared Branches.

*Standard message and data rates may apply.

iPhone is a trademark of Apple Inc., registered in the U.S. and other countries and regions. Android is a trademark of Google LLC.

Your APCO account(s) will not be affected. We are working diligently to create a seamless integration of Powerco accounts. Our goal is for all members of the combined credit union to continue conducting business as usual with as little interruption as possible. All Powerco members have received detailed information about how their accounts will transition to APCO accounts.

Yes, you can now enjoy access to 7 additional branches in Georgia as well as a branch in Gulfport, MS. View available branches on our Locations page.

Digital Banking includes both Online Banking and APCO’s Mobile Banking App, available in your preferred app store. You can register for Digital Banking through Online Banking using a desktop, laptop, or tablet or by using the Mobile Banking App. Both platforms will utilize the same credentials to seamlessly access your accounts moving forward. Follow these steps to enjoy convenient account access or view the guide below:

1. Click “Register” at the top of our homepage or at the bottom of our Mobile Banking App.
2. Follow the prompts for enrollment. You will need your Share Account Number (sometimes called Member Number), social security number, birthdate, email address and zip code. This information must match the information we currently have on your account.
3. Verify your account by answering identification questions. You will be prompted to complete the confirmation process by entering a code that will be delivered via text or phone call to the number we have on file for the account.
4. Once the confirmation code is received, enter the code, and click the Submit button.
5. You will then be prompted to set up a new password and security questions. You can use the drop down menu to select each security question. Each answer must be at least 5 characters.
6. Once set-up is complete, you will be logged in and will need to accept the disclosures for Digital Banking.

For detailed instructions on registering for Digital Banking, see our step-by-step guide to enrolling in Online and Mobile Banking with APCO Employees Credit Union.

You will need to enter your Share Account Number (sometimes called Member Number) in the Account Number field during registration.

Other required fields include your social security number, birthdate, email address and zip code. This information must match the information we currently have on your account.

Yes, you will use the same credentials for both Online Banking and Mobile Banking.

Yes. Your Bill Pay information will need to be set up within APCO’s Online Banking or Mobile Banking App. Once logged into Online Banking or our Mobile Banking App, choose the Payment icon or menu item to get started with Bill Pay. When you log-in for the first time, you’ll be guided through a simple 3-step process of adding and paying your first payees.

There is also a Help Center with FAQs available in Online Banking, and our Contact Center is available at 1-800-249-2726 if you have additional questions.

Once logged into Online Banking, choose the Transfers menu and select Manage Transfers. In our Mobile Banking App, choose the Transfers icon on the menu at the bottom. From there, you can designate details of your transfer and select a one-time or recurring transfer. If you choose the “Immediate” option, the transfer will occur instantly.

For more detailed instructions, see our step-by-step guide to setting up a one-time or recurring transfer through Online and Mobile Banking.

Once you register for Digital Banking (accessible through Online or Mobile Banking), you will automatically be enrolled to receive eStatements. Once logged into your account, you can access your eStatements starting with the April 2024 statement by choosing “Accounts” and then selecting eStatements/Notices.

Your current Share Account will transition to APCO’s Share Account. Please refer to the Truth in Savings disclosure enclosed in your Merger Information Mailing Packet for detailed information regarding your new APCO Share Account.

Every effort will be made to maintain your current account number(s). If an account number was changing, we have notified you directly.

APCO offers Secondary Share Accounts, making it easy for you to save for specific goals. Current Powerco Secondary Share Accounts will be transitioned over to an APCO Secondary Share Account. Please refer to the Truth in Savings disclosure enclosed in your Merger Information Mailing Packet for detailed information regarding your new APCO Secondary Share Account.

Your current direct deposits will continue to be processed as they are today.

Your current Money Market Account will transition to APCO’s Money Market Account. Please refer to the Truth in Savings disclosure enclosed in your Merger Information Mailing Packet for detailed information regarding your new APCO Money Market Account.

No. Check-writing privileges will be discontinued once your Money Market Account transitions to APCO, but you will have the ability to transfer funds between your Money Market, Share and Checking Accounts within our Online Banking or Mobile Banking App. For detailed instructions on completing transfers in Digital Banking, see our step-by-step guide to setting up a one-time or recurring transfer through Online and Mobile Banking.

Your current Christmas Club Account will transition to APCO’s Christmas Club Account. Please refer to the Truth in Savings disclosure enclosed in your Merger Information Mailing Packet for detailed information regarding your new APCO Christmas Club Account.

Your Christmas Club Account funds will be distributed to your Share Account each year in October.

To create more automated savings, consider setting up recurring transfers to your Christmas Club Account within our Online Banking or Mobile Banking App. For detailed instructions on completing transfers in Digital Banking, see our step-by-step guide to setting up a one-time or recurring transfer through Online and Mobile Banking.

Yes. The terms of your current Powerco CDs will remain the same until maturity. Beginning April 1, 2024, upon maturity, CDs will have a 5-business day grace period for modifications. Upon maturity and renewal of your CD, you will be given an APCO Truth in Savings disclosure with detailed information on your new APCO CD.

Your CD dividend will continue to be paid as it is currently.

Continue using your Powerco debit card as you do now. Members with upcoming expirations will receive a new debit card ahead of expiration.

Effective April 1, 2024, you will enjoy expanded access to your Checking Account at more than 30,000 surcharge-free ATMs nationwide through the CO-OP Shared Network. Learn more about how to locate fee-free ATMs here.

During the weekend of March 29-31, 2024, although unlikely, you may experience intermittent interruptions to the use of your debit card. We will do everything possible to limit any interruptions. We encourage you to check your current balance ahead of this time.

You will not need to change any automatic payments tied to your existing Powerco Checking Account or debit card unless your account number changes, or your debit card is reissued.

You can continue using your current checks until further notice.

APCO Checking Accounts offer overdraft protection from your Share Account. If you previously selected to have overdraft protection from your Share Account at Powerco, your overdraft protection will continue with your APCO Checking Account. If you would like to change this, reach out to your local branch or our Contact Center at 1-800-249-2726 on or after April 1, 2024. Please refer to the Overdraft Services Consent enclosed in your Merger Information Mailing Packet for detailed information regarding overdraft protection.

If you have a Prestige Line of Credit or a Home Equity Line of Credit, these loans will no longer function as overdraft protection for your Checking Account. Please refer to the Overdraft Services Consent enclosed in your Merger Information Mailing Packet for detailed information regarding overdraft protection.

Use the account number listed on the bottom of your check.

Information is available on our website about check reorders, or you can reach out to your local branch or our Contact Center with any questions.

No. Your existing card will not work after March 24, but your new card can be activated on Monday, March 25, 2024. Current Powerco Visa® Credit Cardholders have received an additional mailing with more details.

You will be able to access your credit card history online starting April 1, 2024, by accessing your credit card account through our Digital Banking platform.

To ensure there is no interruption in recurring or preauthorized payments (utility companies, gym memberships, subscription services etc.), contact the merchant immediately on or after March 25, 2024, with the new card number and expiration date.

For added convenience and security, your APCO Visa Rewards Credit Card is compatible with Apple Pay®, Google PayTM, and Samsung Pay®. All three platforms use contactless payment without the need to present your credit card. Learn more about Digital Wallets in our blog post.

Current Powerco Visa Credit Card benefits will transition to APCO Visa Rewards Credit Card benefits on March 25, 2024.

Current payment due dates will remain in place for the life of your loan.

You will be able to view your loan details in Online and Mobile Banking.

Current Powerco online and mobile banking transfers will not transfer over. You will need to set these up using APCO’s Digital Banking on or after April 1, 2024. Existing auto-transfers (excluding Visa Credit Card payments) previously set up by a Powerco team member will continue as they are now.

Here are helpful links for enrolling in Digital Banking and setting up transfers:

For detailed instructions on registering for Digital Banking, see our step-by-step guide to enrolling in Online and Mobile Banking with APCO Employees Credit Union

For detailed instructions on completing transfers in Digital Banking, see our step-by-step guide to setting up a one-time or recurring transfer through Online and Mobile Banking.

Effective April 1, 2024, you will make your loan payments payable to APCO Employees Credit Union. We offer several convenient options for loan payment. Choose the option that best fits your needs from our payment methods below.

• Digital Banking: Pay with a one-time or recurring transfer in our Online Banking or Mobile Banking App. See our step-by-step guide to setting up a one-time or recurring transfer through Online and Mobile Banking.
• Branch: Stop by any branch.
• Mail a Check: Note your loan number in your check’s memo line and mail to APCO Employees Credit Union, PO Box 2288, Birmingham, AL 35201.
• Contact Center: We can transfer your payment from your APCO Share (Savings) or Checking Account to your loan.
• Automated Teller System: Payments can be transferred from your APCO Share (Savings) or Checking Account by calling 1-800-249-2726 and selecting “Automated Teller System” from the menu.