Since 1953, our mission has been to power our members’ financial success with personalized service, trusted solutions, and a commitment to their long-term growth. As a not-for-profit, full-service financial institution, Southern Energy Credit Union offers the modern financial products and services you would find at a typical bank and combines them with the personal attention and advantages of a Credit Union. We combine industry leading savings rates with competitive loan rates, and we have lower fees than those you would find at a common bank.
APCO Employees Credit Union was chartered on July 1, 1953 when three established credit unions, Western Division Credit Union, the Birmingham Electric Company Credit Union and the General Office Credit Union, all serving employees of Alabama Power, merged with the purpose of establishing a larger capital base that would allow greater Credit Union service to members. At the time of the merger, Credit Union assets were $85,000. Since then, APCO Employees Credit Union has grown to be the largest state-chartered credit union in Alabama with over $3 billion in assets.
In April 2023, Powerco Federal Credit Union joined Southern Energy Credit Union through a merger, and in January of 2025, Mutual Savings Credit Union joined Southern Energy Credit Union through a merger. These significant partnerships have allowed us to expand Credit Union access to Georgia and Mississippi while remaining dedicated to our continued mission of providing Credit Union benefits and financial services to the employees of Southern Company and its affiliates.
In 2025, APCO Employees Credit Union unveiled a new name and brand, Southern Energy Credit Union, uniting all three credit unions under a cohesive identity. We proudly serve over 90,000 members through 29 Credit Union branches across Alabama, Georgia, and Mississippi, our Digital Banking platform, and through more than 5,000 Credit Union Service Centers located throughout the nation. We invite you to learn more about all of the benefits of becoming a Southern Energy Credit Union Member.
Learn more about APCO Employees Credit Union in our 2023 Annual Report.
Ready to get started? Use these links to learn more:
Click here to learn about becoming a Member.
Click here to join Southern Energy online as a new Member.
Click here to see current savings rates.
Click here to find a location near you.
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