Overview
What is Apco Employees Credit Union?
Apco Employees Credit Union is a cooperative society based in Birmingham, Alabama, with an address at 750 17th Street North. Established under the Code of Alabama, this credit union operates with a dual mission: promoting thrift among its members and creating a legitimate source of credit for them. The membership of Apco Employees Credit Union primarily consists of employees and their relatives of Alabama Power Company, along with affiliates of Alabama Power and certain select employee groups within the region. As of December 31, 2022, the credit union had approximately 73,138 members and employed a team of 172 individuals.
Official website here: www.apcocu.org
What do the Facebook reviews say about Apco Employees Credit Union?
90% of 29 reviewers on Facebook recommend Apco Employees Credit Union. Here is a summary of their reviews:
Many members express deep appreciation for the personalized service they receive, highlighting the dedication and competence of staff members, particularly Christopher Chapman and Lidia Ellenburg. Customers feel that their interactions with the credit union go beyond typical financial service; they describe their experiences as warm and family-like. The support offered by these associates has led to a strong sense of trust and a willingness to recommend the credit union to others.
Overall, it seems that the organization has successfully built a reputation for high-quality customer care, as evidenced by long-term members who rely on Apco for a range of financial services. This commitment to excellent service appears to resonate particularly well with users, contributing to a loyal membership.
This AI summary has been generated from reviews found on Facebook.
Is Apco Employees Credit Union legitimate?
Apco Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Apco Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,713,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,033,821
For more financial information, click here
Official website here: www.apcocu.org
What is the mission statement of Apco Employees Credit Union?
Apco Employees Credit Union is a cooperative society incorporated with a twofold purpose: encouraging savings among its members and serving as a legitimate source of credit for them. Established to cater to the financial needs of employees and their relatives of Alabama Power Company, this credit union has expanded its membership to include affiliates of Alabama Power and select employee groups within the region. As of December 31, 2022, the credit union had approximately 73,138 members and provided services to them. By promoting thrift and offering credit at reasonable rates, Apco Employees Credit Union aims to improve the financial lives of its members.
Official website here: www.apcocu.org
Who is the CEO of Apco Employees Credit Union?
Blane Mink is the Director of Apco Employees Credit Union. The CEO's salary of Apco Employees Credit Union is $670,337 and their total compensation is $1,265,097.
Official website here: www.apcocu.org
What is the revenue of Apco Employees Credit Union?
Apco Employees Credit Union's revenue in 2022 was $88,615,377.
Official website here: www.apcocu.org
Who are the executives of Apco Employees Credit Union and what are their salaries?
The average compensation at Apco Employees Credit Union during 2022 was $56,668. There are 172 employees and 16 volunteers at Apco Employees Credit Union.
Here are 22 key members and their salaries (Apco Employees Credit Union's CEO's salary is $670,337 and their total compensation is $1,265,097):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $8,190
- Related: $0
- Other: $0
- Compensation: $2,836
- Related: $0
- Other: $0
- Compensation: $4,851
- Related: $0
- Other: $0
- Compensation: $1,364
- Related: $0
- Other: $0
- Compensation: $6,016
- Related: $0
- Other: $0
- Compensation: $3,066
- Related: $0
- Other: $0
- Compensation: $6,929
- Related: $0
- Other: $0
- Compensation: $1,728
- Related: $0
- Other: $0
- Compensation: $1,645
- Related: $0
- Other: $0
- Compensation: $8,471
- Related: $0
- Other: $0
- Compensation: $7,059
- Related: $0
- Other: $0
- Compensation: $4,024
- Related: $0
- Other: $0
- Compensation: $670,337
- Related: $0
- Other: $594,760
- Compensation: $421,501
- Related: $0
- Other: $247,257
- Compensation: $311,246
- Related: $0
- Other: $144,831
- Compensation: $230,498
- Related: $0
- Other: $185,181
- Compensation: $157,227
- Related: $0
- Other: $133,687
- Compensation: $182,908
- Related: $0
- Other: $91,724
- Compensation: $139,156
- Related: $0
- Other: $61,122
- Compensation: $133,626
- Related: $0
- Other: $29,337
- Compensation: $116,185
- Related: $0
- Other: $0
Official website here: www.apcocu.org
Where can I find the form 990 for Apco Employees Credit Union?
Apco Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.apcocu.org
Learn more at the official website: www.apcocu.org
Mission Statement of Apco Employees Credit Union
Apco Employees Credit Union, a cooperative society incorporated in Alabama, was founded with a twofold mission: to encourage savings among its members and to serve as a legitimate source of credit for them. Established to cater to the financial needs of employees and their relatives of Alabama Power Company, the credit union's membership also extends to affiliates of Alabama Power and select employee groups within the region.
With over 73,000 members as of December 31, 2022, Apco Employees Credit Union plays a vital role in promoting thrift and financial stability within its community. By providing accessible credit and encouraging savings, the credit union empowers its members to improve their financial situation and build a stronger economic future. The cooperative structure of the organization ensures that it operates in the best interests of its members, fostering a sense of community and financial solidarity.
Apco Employees Credit Union's mission does not stop at financial services. It aims to create a supportive and inclusive environment for its members, offering them a range of benefits and resources to help them achieve their financial goals. Through its cooperative society structure, the credit union provides its members with a unique opportunity to pool their resources, enabling them to access better financial products and services than they might have been able to on their own.
In summary, Apco Employees Credit Union is a thriving financial cooperative dedicated to promoting thrift and creating a reliable source of credit for its members. By fostering a strong sense of community and solidarity, the credit union empowers its members to take control of their financial future and build a more secure and prosperous life for themselves and their families.
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Impact
October, 2024
Apco Employees Credit Union plays a vital role in promoting financial stability and empowering its members. By providing access to credit and encouraging thrift among employees and their families of the Alabama Power Company, as well as select affiliate groups, the credit union fosters a sense of community and financial well-being.
As a cooperative society, it creates a support system for its approximately 73,138 members, offering services tailored to meet their financial needs. Members can expect legitimate rates of interest, which contribute to a more accessible path to financial resources compared to traditional banking options. Through its mission, Apco Employees Credit Union not only enhances individual financial health but also strengthens the broader economy by promoting responsible borrowing and saving practices. This cooperative model ensures that profits are reinvested into the member community, amplifying its positive impact in the Birmingham area and beyond.
This information is meant to be a general summary of Apco Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $88,615,377
- Gross Receipts: $88,615,377
Assets and Liabilities:
- Total Assets: $3,420,389,538
- Total Liabilities: $3,288,884,735
- Net Assets: $131,504,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT INCOME
Revenue
$51,425,568
LOAN INTEREST INCOME-MEMBERS
Revenue
$29,947,518
FINANCIAL SERVICE FEES AND OTHER
Revenue
$7,242,291
Organization Details
Founding Year
1953
Phone
(205) 226-6800Principal Officer
Blane Mink
Main Address
750 17TH STREET NORTH, BIRMINGHAM, AL, 35203
Website
www.apcocu.orgNTEE Category
Code: W60 - Public benefit
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