BMFCU merges with AlabamaOne
Published 6:00 pm Tuesday, September 12, 2023
Alabama ONE Credit Union, a leading provider of financial services, announced that it has merged with Brewton Mill Federal Credit Union (BMFCU). This merger was approved by the membership of Brewton Mill Federal Credit Union and was made effective on September 1, 2023. The merger will extend Alabama ONE’s footprint into Conecuh and Escambia counties in South Alabama, enhancing the breadth and depth of financial products and services available to members of both institutions.
“We are thrilled to welcome Brewton Mill Federal Credit Union into the Alabama ONE family,” said Bill Wells, CEO of Alabama ONE. “This strategic merger aligns with our mission to empower our members and communities by providing greater access to comprehensive financial services.”
The affiliation was pursued in a bid to boost the array of services for the members of BMFCU. CEO, Linda Williamson, emphasized the alignment of values and goals between the two credit unions as a key factor in this decision.
“We conducted an extensive search within our area looking for an opportunity like this,” said Williamson. “Alabama ONE not only shares our values, but they exceeded our hopes for a credit union that we can merge with to continue our traditions of excellent service, expertise, and fostering an environment our members and employees want to be a part of.”
Post-merger, the combined organization will continue operating under the Alabama ONE brand, ensuring continuity of service for all members.
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 19 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 Brewton Mill Federal Credit Union
Brewton Mill Federal Credit Union is a member-owned financial institution based in Brewton, Alabama serving members within Conecuh and Escambia counties. It is dedicated to serving the financial needs of its members through personalized service and a variety of financial products.
For more information on Alabama ONE Credit Union: www.alabamaone.org
For more information on Brewton Mill Federal Credit Union: www.brewtonmillfcu.org.
Federally insured by NCUA. Equal Housing Opportunity. NMLS 401726. For more information, please visit www.alabamaone.org.