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EIN 63-0328360

APCO Employees Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
172
City
Birmingham
State
Alabama
Year formed
1953
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
APCO Employees Credit Union is a not for profit, full service financial institution. The Credit Union was formed in 1953 for the purpose of promoting thrift and providing a source of low cost credit for its members. APCO is member owned and operated and its only reason for existence is to help its members do better financially. APCO is the second largest credit union in the state of Alabama and serves its members from a number of offices and CU Service Centers located throughout the state and across the nation.
Related structure
APCO Employees Credit Union is child organization, under the parent exemption from Alabama Credit Union Administration.
Also known as...
Credit Unions in the State of Alabama
Total revenues
$88,615,377
2022
Total expenses
$62,410,992
2022
Total assets
$3,420,389,538
2022
Num. employees
172
2022

Program areas at APCO Employees Credit Union

Code of Alabama, sec 5-17-1, states that a Credit Union is a cooperative society incorporated for the twofold purpose of promoting thrift among its members and creating a source of Credit for them at legitimate rates of interest. Apco Employees Credit union,an Alabama state chartered Credit Union, was established to provide these services to its members who are Employees and their relatives of Alabama power company. The Credit Union's membership also includes affiliates of Alabama power and selected employee groups within the region. As of december 31, 2022, the Credit Union had membership and provided services to approximately 73,138 members.

Grants made by APCO Employees Credit Union

GranteeGrant descriptionAmount
Apco Employees Cu Share the Care FoundationDonations To Sponsor Share the Care's Mission.$21,286

Personnel at APCO Employees Credit Union

NameTitleCompensation
Derrick RaglandChief Executive Officer / Chief Operating Officer and Facilities Manager$670,337
Andy RushChief Operating Officer / Accounting Manager$311,246
Blane MinkChief Financial Officer$421,501
Angela WrightIt Manager$230,498
Alan RussellMember Service Manager$222,890
...and 6 more key personnel

Financials for APCO Employees Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$88,615,377
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$88,615,377

Form 990s for APCO Employees Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-25990View PDF
2018-122020-01-24990View PDF
...and 10 more Form 990s

Organizations like APCO Employees Credit Union

OrganizationLocationRevenue
Alabama Teachers Credit Union (ATCU)Gadsden, AL$23,248,388
Alabama Credit UnionTuscaloosa, AL$76,294,666
Max Credit UnionMontgomery, AL$81,267,225
Alabama State Employees Credit UnionMontgomery, AL$23,220,315
Guardian Credit UnionMontgomery, AL$62,110,372
Alabama One Credit UnionTuscaloosa, AL$50,038,173
Corporate America Credit UnionIrondale, AL$74,719,214
Five Star Credit UnionDothan, AL$44,908,248
First Commerce Credit UnionTallahassee, FL$49,452,473
Memphis City Employees Credit UnionMemphis, TN$23,689,199
Data update history
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Updated personnel
Identified 2 new personnel
December 24, 2023
Used new vendors
Identified 1 new vendor, including
July 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
750 17th St North
Birmingham, AL 35203
Metro area
Birmingham-Hoover, AL
County
Jefferson County, AL
Website URL
apcocu.org/ 
Phone
(205) 226-6800
Facebook page
APCOCreditUnion 
Twitter profile
@apcocu 
IRS details
EIN
63-0328360
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1953
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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