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Hours of Operation
Monday thru Friday
7:45 a.m. - 4:15 p.m.
Lobby Hours
7:45 a.m. - 4:15 p.m.

340 TechnaCenter Drive
Montgomery. AL 36117

Mailing Address:
PO Box 240547
Montgomery, AL 36124

Phone: (334) 215-7328
Toll Free: (800) 381-7328
Fax: (334) 215-7946

CREDIT UNION
A credit union is a member-owned, nonprofit cooperative financial institution, formed to encourage savings and make loans to its members. Chartered in 1969 with seven members, Alabama Rural Electric Credit Union has grown to over 3,800 members and over $25 million in assets.

MEMBERSHIP
We invite employees and retirees of the Alabama Rural Electric Association of Cooperatives and of its member electric cooperatives, and the member(s) of those cooperatives, to share the outstanding benefits of Alabama Rural Electric Credit Union. 
We offer you the ultimate in financial convenience. No waiting in long lines with us! We’ll handle your finances by phone or mail. Plus, a co-op representative is at your service for your one-on-one needs.  Since we’re nonprofit, we’re here only to serve you. Our board of directors consists of people, just like you, who work for Alabama Rural Electric Cooperatives. Join us today and take advantage of the services we offer.

RETIREES WELCOME!
You're never too old to be a credit union member. Some people think just because they retire from their electric cooperative, they can no longer be members of the credit union. Not so. Once a credit union member, always a credit union member! In fact, the folks at your credit union can help you deposit your Social Security checks directly and safely into your account every month.

FAMILY MEMBERS WELCOME!
Every credit union is bound by a "field of membership", which outlines who's eligible to join. Your credit union is open to employees and members of Alabama's electric cooperatives and their immediate families, which include grandparents, parents, stepparents, spouses, children, stepchildren, grandchildren, brothers, and sisters. In order to join the credit union, an eligible person simply fills out and signs a membership card, and sends in $10.25 to open a basic share account. Copies of two forms of identification (social security card, driver's license, employee ID, military ID, or other) must accompany the membership card.

PREFERRED MEMBERSHIP
Our Preferred Member Program is designed to reward you, the member, for using ARECU as your primary financial institution. We provide our preferred members with special benefits to show you our appreciation for bringing your financial business to your credit union.
Member must have 5 of the 9 following services
1. An active checking account-both deposits and check clearing activity within the past 30 days
2. A Visa Credit Card
3. Direct deposit or payroll deduction of at least $50 month
4. Automated payment on any ARECU loan(payroll or automatic transfer)
5. Any auto loan
6. A Life Benefit Share Account with at least a $1000 balance
7. Homebanking, E-Statements
8. Every $25,000 aggregate balance (excluding checking) counts as one service
9. Active Debit Card
Preferred Member Benefits
  • Free Debit Card
  • Free Homebanking and E-Statements
  • $10 Credit to be used toward your next box of checks
  • Preferred members who quality for a Visa will be eligible for visa scorecard cash back reward
  • One Free stop payment per year
  • Loan Rate Discount:
    · One loan – Rate discount of .10% on 1st loan
    · Two loans – Rate discount of .25% on 2nd loan
    · Three loans – Rate discount of .50% on 3rd loan
VISA AND LOC LOAN DISCOUNTS ARE EXCLUDED
EXAMPLE: YOU HAVE YOUR VISA & LOC LOAN AT ARECU. YOU CAN COUNT THOSE AS YOUR FIRST TWO LOANS, EVEN THOUGH THE DISCOUNT DOES NOT APPLY TO THOSE LOAN RATES. APPLY FOR A CAR LOAN AS YOUR THIRD LOAN AND AUTOMATICALLY RECEIVE A RATE DISCOUNT OF .50%.
Phone: (334) 215-7328 | Toll Free: (800) 381-7328 | Fax: (334) 215-7946
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency
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