Founded in 1951 as TRW Federal Credit Union, Alabama ONE began with a simple mission: to empower members with the resources they need to build strong financial futures. Over the decades, we evolved from serving a single employer group into a statewide financial cooperative, now proudly serving more than 97,000 members across 58 of Alabama’s 67 counties. Headquartered in Tuscaloosa, Alabama ONE has grown to over $1.4 billion in assets and offers a full suite of financial solutions—from personal and business banking to wealth management and insurance services. Our commitment to innovation and community impact drives everything we do.
To ensure transparency and member involvement, annual membership meetings are held to provide progress reports, elect a board of directors and a supervisory committee, and conduct credit union business. The board of directors appoints committees to oversee operations, and all board and committee members serve as uncompensated volunteers, reflecting our dedication to cooperative principles.
In 2020, Alabama ONE welcomed Alabama Rural Electric Credit Union, organized in 1969 to serve the 23 Alabama Rural Electric Cooperatives, their employees, and members across Alabama. Together, Alabama ONE and ARECU, in both services offered and geographic presence, offer an unparalleled field of membership and opportunities to serve communities across Alabama.
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