Credit union
Alabama One Credit Union
Tuscaloosa, Alabama, Tuscaloosa County, AL
$1.5B in total assets and 96,594 members, the 321st largest of 4,298 US credit unions and 7th of 88 headquartered in Alabama.
- NCUA charter
- 68595
- Charter
- State chartered (AL)
- Chartered
- 1951
- NCUA insured since
- 1971
- Low-income designation
- Yes
- Website
- http://www.alabamaone.org
At a glance
Compared with 12 federally insured credit unions in Alabama with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.5B | 50% | $1.8B | |
| Loans | $1.1B | 50% | $1.1B | |
| Deposits (shares) | $1.4B | 50% | $1.6B | |
| Members | 96,594 | 58% | 93,786 | |
| Return on assets | 0.60% | 17% | 1.13% | |
| Net interest income to assets | 2.90% | 17% | 3.59% | |
| Efficiency ratio | 81.4% | 83% | 67.7% | |
| Net worth ratio | 9.08% | 8% | 11.66% | |
| Loans to shares | 82% | 42% | 84% | |
| Cost of deposits | 2.02% | 50% | 1.99% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 10.0% a year over 10 years and 10.4% a year over the last 5, including 5 mergers in the last 10 years. Membership grew 5.9% a year over 5 years, to 96,594.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Dec 2023 | First Bank Bank, Wadley, AL | $126M |
| Oct 2023 | McIntosh Chemical Federal Credit Union Credit union, Mc Intosh, AL | $29M |
| Sep 2023 | Brewton Mill Federal Credit Union Credit union, Brewton, AL | $26M |
| May 2021 | First Bank of Linden Bank, Linden, AL | $87M |
| Jul 2020 | Alabama Rural Electric Credit Union Credit union, Montgomery, AL | $49M |
| Nov 2011 | Birmingham News Employees Credit Union Credit union, Birmingham, AL | $3M |
Where they operate
32 branches in 17 counties.
2 of 32 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Tuscaloosa County, AL | 11 | 12.6% | 2 of 35 |
| Coosa County, AL | 2 | 66.7% | 1 of 2 |
| Marengo County, AL | 2 | 13.3% | 3 of 8 |
| Montgomery County, AL | 2 | 2.6% | 11 of 29 |
| Pickens County, AL | 2 | 18.2% | 3 of 3 |
| Randolph County, AL | 2 | 20.0% | 2 of 6 |
| Chambers County, AL | 1 | 11.1% | 3 of 7 |
| Cherokee County, AL | 1 | 10.0% | 3 of 8 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 11 | |
| 2017 | 11 | 0 |
| 2018 | 12 | +1 |
| 2019 | 13 | +1 |
| 2020 | 14 | +1 |
| 2021 | 18 | +4 |
| 2022 | 18 | 0 |
| 2023 | 22 | +4 |
| 2024 | 28 | +6 |
| 2025 | 31 | +3 |
| Jun 2026 | 32 | +1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.85% | 0.74% |
| Net worth ratio | 9.08% | 11.66% |
| Loans to shares | 82% | 84% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Alabama
Most branches in Tuscaloosa County, AL
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.