Small Local Outfit Merges with Tuscaloosa’s Alabama Credit Union After 65 Years

After serving the community for 65 years, a small, local credit union merged with a much larger one also headquartered in Tuscaloosa Friday.

Tuscaloosa County Credit Union publicly announced its merger with Alabama Credit Union Friday, and said all its employees will be retained and offered new positions to work within the larger organization.

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The smaller credit union boasted assets totaling $11 million and maintained a small brick-and-mortar branch on 7th Street in Tuscaloosa, which will close as a result of the merger.

The much larger Alabama Credit Union was founded in Tuscaloosa to serve the University of Alabama. The member-owned institution holds $1.9 billion in assets and has 37 branches across the Yellowhammer State, they said in a press release. They employ around 400 people and serve 130,000 customers.

"We are thrilled to welcome TCCU members to our ACU family," said Steve Swofford,
CEO of Alabama Credit Union. "We are confident that this merger will bring significant
benefits to the members, employees, and the Tuscaloosa community."

Former TCCU members can have their frequently asked questions answered here, where ACU explains how to get new debit cards and checks, where to find their nearest branch and much more.

For more business news from in and around west Alabama, stay connected to the Tuscaloosa Thread.