Mutual Savings Credit Union & APCO Employees Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – December 31, 2024 – McQueen Financial Advisors provided exclusive financial advisory services.
As of Jan. 1, APCO Employees Credit Union based in Birmingham, Alabama, and Mutual Savings Credit Union based in Atlanta, Georgia, have announced the official approval of a merger as voted with overwhelmingly positive support by the Mutual Savings membership. The merger demonstrates both Credit Unions' commitment to continue serving employees of Southern Company and its affiliates.
By merging Mutual Savings with APCO's 85,000 members, 28 branch locations, and more than $3 billion in assets, the combined Credit Union will provide economies of scale to offer the collective membership competitive products, benefits and enhanced digital options.
About Mutual Savings Credit Union
Established in 1933, Atlanta-based Mutual Savings Credit Union has more than $70 million in assets and more than 5,000 members. Mutual Savings serves members through a branch in Midtown Atlanta, a digital banking platform, and through more than 5,000 Credit Union Service Centers located throughout the nation.
About APCO Employees Credit Union
Founded in 1953, APCO Employees Credit Union has grown to become the second largest credit union in Alabama, and the largest state-chartered credit union in the state, with more than $3 billion in assets
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen advises on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director of Transaction Advisory & Valuation
André Gard
Associate