Tuscaloosa, Ala. — June 30, 2026 — Alabama ONE Credit Union today issued the following statement regarding the recent closure of the BFGoodrich plant in Tuscaloosa and the significant impact this decision will have on employees, families, and communities across West Alabama.

Alabama ONE Credit Union is deeply saddened by last week’s announcement regarding the upcoming closure of the BFGoodrich tire plant in Tuscaloosa—an event that represents not only an economic loss for our region, but a deeply personal moment for our organization and many of the members we serve.

Our roots are closely tied to this legacy. Alabama ONE was originally chartered in 1951 with a singular purpose: to serve the hardworking employees of BFGoodrich and their families. For decades, these individuals helped shape our identity, values, and commitment to community.

“This news is especially significant to us because of where we come from,” said Whitney Oswalt, Chief Executive Officer of Alabama ONE. “BFGoodrich employees are not just part of our history—they are part of our present. Many of our members, and even members of our team, are directly affected by this closure. We are committed to supporting them during this difficult time.”

Alabama ONE recognizes the uncertainty and financial strain this transition may bring to many families. In response, the credit union is mobilizing a range of resources and support programs designed to help employees of the Tuscaloosa plant navigate this period with confidence and clarity.

“We want every impacted employee and family to know that they are not alone,” added Whitney Oswalt. “Our mission has always been to improve the financial lives of our members, and in times like this, that mission matters more than ever. We are here to listen and to help our community every step of the way.”

Alabama ONE encourages those affected—whether current members or not—to visit their nearest branch or go to alabamaone.org to learn more about available resources.

Supporting BFG employees is our origin. We will support our BFG members through life’s challenges as we have done over the last 75 years. We will respond as needed to our affected BFG members with solutions tailored to each member and their household needs. This is what we do. Events like these are where the value of a credit union relationship rises to the top.

 About Alabama ONE

Alabama ONE Credit Union, headquartered in Tuscaloosa, Alabama, has been serving members since its charter in 1951 as the TRW Federal Credit Union. Today, Alabama ONE is a thriving financial cooperative with approximately $1.5 billion in assets and 31 branches statewide. Serving more than 96,000 members across Alabama, the credit union offers membership to individuals and businesses associated with 23 Alabama Rural Electric Cooperatives, covering approximately 58 of 67 counties in Alabama. Alabama ONE provides a comprehensive suite of financial products and services, including consumer, business, agricultural, and mortgage-related offerings, as well as wealth management and full-service insurance solutions. The credit union is dedicated to empowering its members with the resources they need to build a strong financial future.

Federally Insured by NCUA. Equal Housing Opportunity. NMLS 401726.