Tuscaloosa, AL – Just last month, Alabama ONE Credit Union, a leading provider of financial services, announced a merger with Brewton Mill Federal Credit Union (BMFCU) in Escambia County. Today, Alabama ONE Credit Union is pleased to announce an additional merger with McIntosh Chemical Federal Credit Union (MCFCU) in Washington County, AL. This merger was approved by the membership of McIntosh Chemical Federal Credit Union and will be made effective on October 1, 2023. The merger will further extend Alabama ONE’s footprint into south Alabama, enhancing the breadth and depth of financial products and services available to members of both institutions.
“We are very excited to welcome McIntosh Chemical Federal Credit Union into the Alabama ONE family,” said Bill Wells, CEO of Alabama ONE. “Alabama ONE believes in a community first approach and is excited to bring the best products and services to the McIntosh area. This merger aligns with our mission to provide all of our Members greater access to comprehensive financial services, especially to those in rural Alabama communities.”
The relationship was pursued in an effort to improve the portfolio of services for the Members of MCFCU. Katrina Dearman, the CEO of McIntosh Chemical Federal Credit Union, emphasized the alignment of values and goals between the two credit unions as a key factor in this decision.
“We are very excited for an opportunity like this,” said Dearman. “Alabama ONE not only shares our core values, but they exceeded our hopes for a credit union that we can merge with to continue our traditions of excellent service, while providing a depth of products that can help our Members achieve their financial goals.”
About Alabama ONE
Alabama ONE Credit Union, based in Tuscaloosa, Alabama, was chartered in 1951 as the TRW Federal Credit Union. Today, Alabama ONE is a ONE billion-dollar, full-service financial institution currently with 20 branches serving more than 80,000 Members across Alabama. Alabama ONE offers membership to persons or businesses (relatives and owners thereof) living, working, attending school, doing business, or receiving power from any of the 23 Alabama Rural Electric Cooperatives – a field of membership covering approximately 58 of 67 counties in Alabama. Alabama ONE provides a unique offering of consumer, business, agricultural, and mortgage related products, as well as wealth management and a full-service insurance agency. Alabama ONE is dedicated to giving members the resources they need to build the strong financial future they deserve.
About McIntosh Chemical Federal Credit Union
McIntosh Chemical Federal Credit Union is a member-owned financial institution based in McIntosh, Alabama serving members within Washington County. It is dedicated to serving the financial needs of its members through personalized service and a variety of financial products.
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Federally insured by NCUA. Equal Housing Opportunity. NMLS 401726. For more information, please visit www.alabamaone.org.