Alabama’s second largest credit union has merged with an Atlanta-based firm that also serves Southern Company workers.

APCO Employees Credit Union merged with Powerco Federal Credit Union of Atlanta on April 1, according to an announcement from the companies.

The terms of the merger were not disclosed.

The largest state-chartered credit union in Alabama, APCO ECU has about 73,000 members, 20 branch locations and more than $3 billion in assets. Both credit unions will work toward a full systems conversion by the end of 2024.

Powerco Federal Credit Union will now operate as Powerco Credit Union, a division of APCO Employees Credit Union. Powerco announced to its customers that they will receive information when all branches across the region are available for joint transactions.

An FAQ page for customers is available here.

Derrick Ragland, APCO ECU President and CEO, said the merger will allow its customers more access to more financial services across Alabama, as well as Georgia and Mississippi.

“APCO Employees Credit Union and Powerco Federal Credit Union both have strong financial foundations and have many shared members, values, and approaches to serving our memberships,” Ragland said. “This partnership is a proactive step to capitalize on our strengths and aligned missions as we build for the future and allow a unified financial experience.”

Powerco CEO Dan Blalock said in a statement that the merger will ensure “long-term sustainability with a credit union who provides secure financial products and exceptional member service.”