Forgot Password? Register
It is with great excitement that the APCO Employees Credit Union Board of Directors and Executive Team announce a proposed merger with Mutual Savings Credit Union based in Atlanta, Georgia, pending a supportive vote from the current Mutual Savings membership.
Chartered in 1933, Mutual Savings serves 5,500 members through 1 branch location in Atlanta, Georgia, and has approximately $74 million in total assets. Like APCO, Mutual Savings has a strong financial foundation, serves employees of Southern Company and its affiliates, and shares a thoughtful approach to serving its membership. We believe the joining of our Credit Unions is representative of an ideal partnership.
By merging Mutual Savings with APCO’s 86,000 members, 28 branch locations and approximately $3.5 billion in total assets, the combined credit union will continue to operate as APCO Employees Credit Union and will allow you to be a member of a financial institution that is able to provide a wider range of products, a greater investment in technology, and enhanced service for our combined members, Select Employee Groups, and employees.
As thrilled as we are about the potential this merger offers, we understand our members and partners may have questions. We encourage you to review the questions below to learn more about Mutual Savings Credit Union as well as answer any questions you have about the merger and the merger process.
Sincerely,
Why is there a merger?
This proposed merger is a proactive step by two financially sound credit unions to capitalize on their strengths and aligned missions as they build for the future. The combined credit union will continue to operate as APCO Employees Credit Union and will allow you to be a member of a financial institution that is able to provide a wider range of products, enhanced service, and greater investment in technology.
What does Mutual Savings joining APCO Credit Union mean for me as an APCO Credit Union Member?
The experienced employees, current branches, and reliable financial products you currently enjoy will stay the same. Your accounts and services will also remain the same. As a valued APCO Credit Union member, you will have expanded branch access with an additional location in Atlanta in the future.
How will my APCO Credit Union account(s) be affected by the merger?
Your APCO Credit Union account(s) will not be affected. We will work diligently to create a seamless integration of Mutual Savings 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 Mutual Savings members will receive detailed information about how their accounts will transition to APCO Credit Union accounts once the merger is approved.
Why Mutual Savings Credit Union?
Like APCO, Mutual Savings has a strong financial foundation, serves employees of Southern Company and its affiliates, and shares a thoughtful approach to serving its membership. With many shared members and values, we believe Mutual Savings members joining the APCO Credit Union family is representative of an ideal partnership.
Do both credit unions support this partnership?
Yes. Both APCO Credit Union and Mutual Savings’ Boards and Management Teams are excited about this potential merger and the benefits it will offer to members.
What is the process for approval of this merger?
On September 26, 2024, the National Credit Union Administration (NCUA) granted permission to proceed with the merger. To finalize the merger, a special meeting of the Mutual Savings Credit Union membership must be held to vote for and approve the merger with APCO Credit Union. The special meeting of the Mutual Savings membership is scheduled for December 30, 2024, at 11:00 AM ET, with a completed merger target date of January 1, 2025.
Will there be any branch closures?
No, APCO Credit Union branches will not be affected by the merger. Once the credit unions are fully combined, the result will be greater branch coverage for Members of the combined credit union to include 29 branches across Alabama, Georgia, and Mississippi.
As an APCO Credit Union Member, can I begin using the Mutual Savings branch now?
Like APCO, Mutual Savings participates in the CO-OP Shared Branch Network. This means you can visit the Mutual Savings branch in Atlanta to conveniently access your APCO accounts to make deposits or withdrawals, and even transfer funds. You will receive information when this branch is available for full account access.
Will the name of Mutual Savings Credit Union change?
Initially, no. Mutual Savings will continue to operate as a division of APCO Employees Credit Union.
If you have questions not addressed in the FAQs above, simply complete the form below, and click on the “Submit” button. You may also call our Contact Center at 1-800-249-2726.
You are about to navigate away from our site.
LOCATIONS
