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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.
Annual membership meetings are held to give progress reports, elect a board of directors, a supervisory committee, and conduct credit union business. The board of directors appoints committees to oversee the credit union. All board members and committee members are volunteers and receive no compensation for their service.
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.
What started as one branch has expanded into 31 locations statewide, ensuring convenient access for our members. Recent growth highlights include:
Alabama ONE is now a statewide franchise in Alabama. Alabama ONE provides a unique offering of consumer and commercial-related products, as well as wealth management and an in-house insurance agency. Alabama ONE is dedicated to giving members the resources they need to build the strong financial future they deserve.
It is no secret to say that most checking accounts are kind of the same. They are one of the primary tools for managing your finances. What makes a checking account different, though, is who offers it. How easy do they make it? How much do they charge you for it? What limitations do they put on it?
Our checking account is free. Online Banking is free. The e-ONE mobile app is free. There are no minimum balances and you even get a free debit card.
Alabama ONE Credit Union, headquartered in Tuscaloosa, Alabama, has been serving members since its charter in 1951 as the TRW Federal Credit Union. Today, Alabama ONE is a thriving financial cooperative with over $1.4 billion in assets and 31 branches statewide. Serving more than 97,000 members across Alabama, the credit union offers membership to individuals and businesses associated with 23 Alabama Rural Electric Cooperatives, covering approximately 58 of 67 counties in Alabama. Alabama ONE provides a comprehensive suite of financial products and services, including consumer, business, agricultural, and mortgage-related offerings, as well as wealth management and full-service insurance solutions. The credit union is dedicated to empowering its members with the resources they need to build a strong financial future.
What’s Your ONE?
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