Last December, the vote to merge Mutual Savings Credit Union (Mutual Savings) into Southern Energy Credit Union (Southern Energy, formerly APCO Employees Credit Union) was overwhelmingly positive, and effective January 1, 2025, Mutual Savings joined Southern Energy.
We are excited to officially welcome you as a fully integrated member of Southern Energy and have you join our Credit Union family. The final phase of this merger will occur October 1, 2025, and in the days preceding when our system integration takes place.
The entire team of the newly combined Credit Union has spent months preparing for a seamless transition for you, our members.
What does this system integration mean for you?
Our Merger Guide, available for download here, has also been mailed to you, and it contains an overview of our merger integration and what you can expect from your Credit Union as we move forward. Some aspects of this transition may require your involvement, but we have worked diligently to make this integration as stress-free as possible. We encourage you to make note of the key dates leading up to October 1, 2025, as well as the access you will enjoy after integration. We appreciate your patience and enthusiasm as we come together to offer you an extensive range of financial products and services combined with the level of service you expect from your Credit Union.
Should you have any additional questions, we’re here to help. Our Merger Guide contains an overview of our merger integration and what you can expect from your Credit Union as we move forward. There are also Question and Answer sections below that will provide details related to specific topics or accounts you may have. Our Contact Center can also be reached at 1-800-249-2726 with additional questions.
Thank you for your membership. We appreciate your business and look forward to serving your financial needs in the years to come.
Sincerely,
See Merger Guide
Digital Banking Details
Who is Southern Energy Credit Union?
Since 1953, Southern Energy Credit Union’s (formerly APCO Employees Credit Union) 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.
APCO Employees Credit Union was chartered in 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.
In April 2023, Powerco Federal Credit Union joined APCO Employees Credit Union through a merger, and in January of 2025, Mutual Savings Credit Union joined APCO Employees Credit Union through a merger. These significant partnerships have allowed for expanded 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, following the mergers of Powerco Federal Credit Union and Mutal Savings Credit Union into APCO Employees Credit Union, the Credit Union unveiled a new name and brand, Southern Energy Credit Union. The new name unites all three credit unions under a cohesive identity. Southern Energy Credit Union 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.
Learn more about Southern Energy Credit Union here.
Why did APCO Employees Credit Union change its name to Southern Energy Credit Union?
After recently merging Mutual Savings Credit Union and Powerco Federal Credit Union into APCO, APCO now serves members in branches across Alabama, Georgia and Mississippi. The rebrand to Southern Energy Credit Union unites three credit unions under a single, cohesive identity while also reflecting the growth, expanded footprint, and ongoing commitment to powering the financial success of Southern Company employees and their families.
Now that the merger is officially approved, can I conduct transactions at other Southern Energy Credit Union branches?
Southern Energy Credit Union participates in the CO-OP Shared Branch Network. This means you can visit many Southern Energy branches to conveniently access your accounts to make deposits or withdrawals and even transfer funds. Effective October 1, 2025, all Southern Energy branches are available for full account access.
Will the current branch at Southern Company Gas remain open?
Yes, the branch inside Southern Company Gas (10 Peachtree Place, NE, Atlanta, GA 30309) will remain open, and you will continue to work with the same great staff as you do now.
Will my accounts continue to be insured?
Your accounts will continue to be federally insured just as they are today through the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the U.S. Government and managed by the National Credit Union Administration (NCUA).
Where can I find the Merger Guide?
The Merger Guide has been mailed to all Mutual Savings members and can be viewed here.
If you do not receive a copy of the Merger Guide by Saturday, August 23, we encourage you to review your contact information to ensure you don’t miss any important merger information like account updates, reissued cards, statements, or essential documents, as well as to ensure you’re able to register for Digital Banking on October 1, 2025.
Updating your information is quick and easy: Log into Online Banking to review your information under Settings. Click Settings, then choose Profile, and review each of the below items, making sure to click Save after entering any updates.
You can also stop by the Southern Company Gas branch or call us at (470) 747-8163 to review your information.
How will my Southern Energy Credit Union account(s), formerly APCO Employees Credit Union account(s), be affected by the merger?
Your Southern Energy account(s), formerly APCO Employees Credit Union account(s), will not be affected. We have worked diligently to create a seamless integration of Mutual Savings accounts. Our goal is for all members of the combined credit union to continue conducting business as usual with as little interruption as possible. All Mutual Savings members have received detailed information about how their accounts will transition to Southern Energy accounts.
As a Southern Energy Credit Union Member, can I start using the Mutual Savings branch inside Southern Company Gas (10 Peachtree Place, NE, Atlanta, GA 30309) now?
Effective October 1, 2025, you can now enjoy full access to your Southern Energy Credit Union account(s) at this location.
When can I register for Southern Energy Credit Union’s Digital Banking Platform?
Starting October 1, 2025, you can register for Southern Energy Credit Union’s Digital Banking platform. There are detailed instructions for registering for Digital Banking on page 4 of the Merger Guide. You can also find a step-by-step guide to registering for Digital Banking here.
Do the credentials I set up during Digital Banking registration work for both Online Banking and Mobile Banking?
Yes, you will use the same credentials for both Online Banking and Mobile Banking.
How can I see my full account numbers?
Once logged into Online Banking or our Mobile Banking App, on the Account Summary screen, click on the account name, such as Main Share or First Mortgage, which will show you recent history/transactions. Click Details near the top of the screen and then select Show Full Account Number.
If I am currently enrolled with Mutual Savings Online Bill Pay, do I need to re-enroll with Southern Energy?
Yes. Your Bill Pay information will need to be set up within Southern Energy’s Online Banking or Mobile Banking App. Prior to September 30, we encourage you to review any payments currently set up with the Mutual Savings Online Bill Pay platform noting payees, payment addresses, amounts and dates.
Once logged into Online Banking or our Mobile Banking App, choose the Payment icon or menu item to get started with Bill Pay. When you log in for the first time, you’ll be guided through a simple 3-step process of adding and paying your first payees, similar to the process you are familiar with using the Mutual Savings platform. There is also a Help Center with FAQs available in Online Banking, and our Contact Center is available at 1-800-249-2726 if you have additional questions.
How do I transfer money between my Share (Savings) and Checking or other Southern Energy Accounts with Digital Banking?
Once logged into Online Banking, choose the Transfers menu at top and select Make a Transfer. In our Mobile Banking App, choose the Transfers option from the main menu at top right and select Make a Transfer. From there, you can designate details of your transfer and select a one[1]time or recurring transfer. If you choose the “Immediate” option, the transfer will occur instantly.
You can also find a step-by-step guide to setting up one-time or recurring transfers here.
Will my current recurring internal transfers (for loan payments, Christmas Club etc) continue after October 1?
No. Prior to September 30, we encourage you to review any automatic transfers currently set up, accounts involved, amounts and frequency to make this process as seamless as possible. These can be set up again in Southern Energy’s Digital Banking starting October 1.
You can find a step-by-step guide to setting up one-time or recurring transfers here.
How can I sign up for eStatements instead of paper statements?
Once you register for Digital Banking (accessible through Online or Mobile Banking), you will automatically be enrolled to receive eStatements. Once logged into your account, you can access your eStatements starting with the October 2025 statement by choosing Accounts and then selecting eStatements/Notices.
Are there any resources available for Digital Banking?
Yes, visit us online at southernenergycu.org/digital-banking to see step-by-step tutorials for registering for Digital Banking, setting up a one-time or recurring transfer and sending a secure message.
How will my Southern Energy Share Account differ from my Mutual Savings Share Account?
Your current Share Account will transition to Southern Energy’s Share Account. Please refer to the Truth in Savings disclosure included in the Merger Guide for detailed information regarding your new Southern Energy Share Account.
Will my Share Account number stay the same?
To ensure access to all functionality and services offered, your Share Account number and all other account numbers such as your Checking Account will need to be changed as part of this transition. You will receive a separate notification with your new account number(s) ahead of October 1, 2025.
Do I need to make updates to ensure my direct deposit is deposited into my Share or Secondary Share Account?
On October 1, 2025, you will want to update any current direct deposits to your new Share Account number. You will receive a separate notification with your new account number(s) ahead of October 1, 2025.
How will my Southern Energy Money Market Account differ from my Mutual Savings Money Market Account?
Your current Money Market Account will transition to Southern Energy’s Money Market Account. Please refer to the Truth in Savings disclosure included in the Merger Guide for detailed information regarding your new Southern Energy Money Market Account.
Will I be able to write checks from my Southern Energy Money Market Account?
No. Check-writing privileges will be discontinued once your Money Market Account transitions to Southern Energy, but you will have the ability to transfer funds between your Money Market, Share and Checking Accounts within our Online Banking or Mobile Banking App. You can find a step-by-step guide to setting up one-time or recurring transfers here.
How will my Southern Energy Christmas Club Account differ from my Mutual Savings Christmas Club Account?
Your current Christmas Club Account will transition to Southern Energy’s Christmas Club Account. Please refer to the Truth in Savings disclosure included in the Merger Guide for detailed information regarding your new Southern Energy Christmas Club Account.
When will Southern Energy’s Christmas Club funds be distributed and how will I receive my funds?
Just as it is now, your Christmas Club Account funds will be distributed to your Share Account each year in October.
How can I make it easier to save more for the holidays?
To create more automated savings, consider setting up recurring transfers to your Christmas Club Account within our Online Banking or Mobile Banking App. You can find a step-by-step guide to setting up one-time or recurring transfers here.
How will my Mutual Savings Vacation Club Account transition to a Southern Energy Account?
Your current Mutual Savings Vacation Club Account will transition to a Southern Energy Secondary Share Account. Our Secondary Share Account makes it easy to save for specific goals. Please refer to the Truth in Savings disclosure included in the Merger Guide for detailed information regarding your new Southern Energy Secondary Share Account.
Will my current Mutual Savings CDs or IRA CDs transition over to Southern Energy?
Yes. The terms of your current Mutual Savings CDs will remain the same until maturity. Beginning October 1, 2025, upon maturity, CDs will have a 5-business day grace period for modifications. Upon maturity and renewal of your CD, you will be given a Southern Energy Truth in Savings disclosure with detailed information on your new Southern Energy CD.
How will I receive my CD or IRA CD dividends?
Your CD dividend will continue to be paid as it is currently
Will I receive a new debit card?
Yes. If you have a Mutual Savings Debit Card, it will continue to function as it does now until September 30, 2025. You will receive a new card with a new number and details on the timeline for activating your new card ahead of October 1, 2025.
How can I find fee-free ATMs to use starting October 1, 2025?
Just as you do now, you’ll continue to have access to your Checking Account at more than 30,000 surcharge-free ATMs nationwide through the CO-OP Shared Network. Learn more about this convenient access on page 12 of the Merger Guide or read our blog post about CO-OP Shared Network access.
Will there be any disruption to debit card service during the transition?
Between September 30 and October 1, 2025, although unlikely, you may experience intermittent interruptions to the use of your debit card. We will do everything possible to limit any interruptions. We encourage you to check your current balance ahead of this time.
Will I need to change any automatic payments tied to my current Mutual Savings Checking Account?
No. Any existing automatic payments currently tied to your Mutual Savings Checking Account and routing number will continue to process as they do they. Any future payments you set up tied to your Southern Energy Checking Account will need to use your Southern Energy Checking Account number and routing number (262087609).
Will I need to change any automatic payments tied to my current Mutual Savings debit or credit card?
Yes. Any automatic payments currently tied to your Mutual Savings debit card or credit card will need to updated with the merchant starting October 1 for debit card and October 13 for credit card. Prior to September 30, we encourage you to review any automatic payments currently set up, noting merchants, amounts and dates to make this process as seamless as possible.
Can I continue using the Mutual Savings checks I have?
You can continue using your current checks until further notice. When reordering checks, you will want to update your Southern Energy account number and routing number.
Will my Southern Energy Checking Account have overdraft protection?
Southern Energy Checking Accounts offer overdraft protection from your Share Account. If you previously elected to have overdraft protection from your Share Account at Mutual Savings, your overdraft protection will continue with your Southern Energy Checking Account. If you would like to change this, reach out to your local branch or our Contact Center at 1-800-249-2726 on or after October 1, 2025. Please refer to the Overdraft Services Consent included in the Merger Guide for detailed information regarding overdraft protection.
Can I link my new Southern Energy Checking Account to a loan product for overdraft protection?
If you have utilized a Mutual Savings Overdraft Loan previously, these loans will no longer function as overdraft protection for your Checking Account. Please refer to the Overdraft Services Consent included in the Merger Guide for detailed information regarding overdraft protection.
If I want to set up a direct deposit to or a draft charge from my Checking Account, what account number should I use?
To ensure access to all functionality and services offered, your Checking Account number and all other account numbers associated with your Credit Union account will need to be changed as part of this transition. Mutual Savings members will receive an additional mailing with more details. For any direct deposit or draft charge taking place on or after October 1, 2025, you will want to update your account number and routing number (262087609) with your employer or the merchant involved.
How do I reorder checks?
Information is available on our website about check reorders, or you can reach out to your local branch or our Contact Center with any questions.
Can I continue using my Mutual Savings Visa® Credit Card?
No. Your existing card will not work after October 12, 2025, but your new card can be activated on October 13, 2025. Mutual Savings cardholders will receive an additional mailing with more details.
Will my Mutual Savings card history transfer to my new card number so I have access to the information if needed?
You will be able to access your credit card history online starting October 13, 2025, by accessing your credit card account through our Digital Banking platform. This will not include history prior to October 13.
Will I need to update payment information for my new card with current recurring payments tied to my existing Mutual Savings Visa Credit Card?
To ensure there is no interruption in recurring or preauthorized payments (utility companies, gym memberships, subscription services etc.), contact the merchant immediately on or after October 13, 2025, with the new card number and expiration date.
Will my Visa Credit Card rewards continue?
No, we encourage you to review your current ScoreCardTM Rewards balance and redemption options. Cardholders will receive an additional mailing with more information.
You will be automatically enrolled in uChoose Rewards® and will start earning points the first time you make a transaction with your Southern Energy credit card. You’ll earn a highly competitive 1.75% points on every $1.00 you spend. Plus, you can earn additional points by shopping in-store or online with participating retailers. Learn more about uChoose Rewards here.
Will my loan due date(s) change?
Current payment due dates will remain in place for the life of your loan.
Where can I see my loan account number, balance, payment amount and amount due?
You will be able to view your loan details in Online and Mobile Banking. To see your account number, once logged into Online Banking or our Mobile Banking App, on the Account Summary screen, click on the loan account name, such as First Mortgage, which will show you recent history after October 1. Click Details near the top of the screen and then select Show Full Account Number.
Will recurring payments or transfers continue?
Current Mutual Savings online and mobile banking transfers will not transfer over. You will need to set these up using Southern Energy’s Digital Banking on or after October 1, 2025. You can find a step-by-step guide to registering for Digital Banking here and a step-by-step guide to setting up one-time or recurring transfers here.
How can I make my loan payments with Southern Energy Credit Union?
Starting October 1, 2025, you will make your loan payments payable to Southern Energy Credit Union. We offer several convenient options for loan payment. Choose the option that best fits your needs from our payment methods below.
If you have questions not addressed in the FAQs above, simply complete the form below, and click on the “Submit” button. You may also call our Contact Center at 1-800-249-2726.
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