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Alabama Telco Credit Union

1849 Data Drive
Birmingham, AL 35244
Tel. 205-985-2826
Fax. 205-985-2894
www.alatelco.org
License # Exempt

General Information

HISTORY OF ALABAMA TELCO CREDIT UNION

Alabama Telco Credit Union began operations in December of 1934 with seven charter members and a capital base of $70. Formed to serve the Southern Bell employees and their families, our founding principles were to assist members in maintaining good credit and offering them a systematic plan of saving.

Steady progress characterized our years until World War II began, when savings deposits began to grow dramatically. That first $70 had turned into $396,000 by 1945. By 1955, our assets had reached $2.35 million, with well over 5,000 members.

This remarkable growth continued with computerization in the 1970s and a field of membership expansion in the 1980s to include groups outside of the Bell Telephone System. At our 50-year anniversary in 1984, we were serving over 15,000 members with assets topping $46 million.

Today we have many accomplishments of which we can be proud. Alabama Telco currently provides financial service to approximately 50,000 members through ever-increasing delivery points, including Alabama Telco branches throughout Alabama, a shared network of Credit Union Service Centers across the United States, telephone, and now internet access.

MEMBERSHIP INFORMATION

Membership in Alabama Telco Credit Union is open to:

• County Eligibility:
  Individuals who live, work, worship or attend school in the following counties: Autauga, Baldwin, Calhoun, Coffee, Elmore, Geneva, Houston, Jefferson, Madison, Mobile, Montgomery, Pike, Shelby, St. Clair, Talladega, Tuscaloosa.
  
  
• Employees and Retirees of:
  Alabama Telco Credit Union
  AT&T Corporation
  BellSouth Corporation
  The Berry Company
  Lucent Technologies
  Other telephone operating systems in Alabama
  
• Members and Employees of CWA in Alabama
  (The Communication Workers of America in Alabama)
  
• Other groups as approved; please call any office of Alabama Telco to see if your group is eligible
  
• Persons related by blood or marriage to members of Alabama Telco Credit Union
  

For information on how your company or association can offer Alabama Telco service, please call our Marketing Department at (205) 985-2842 or toll free at 1-800-350-6281.

To become a member

Complete a membership request form.
Make a minimum $5 deposit in an Alabama Telco savings (share) account.

If offered by your employer, you may use payroll deduction and/or direct deposit by also completing a Payroll Allotment Authorization card. Please contact any of our branch locations for further information about payroll deduction/direct deposit.

Local Branch / Office Locations

ADDRESS

TELEPHONE NO.

Colonnade - 03 3439 Colonnade Parkway, Suite 100 Birmingham, AL 35243 Dothan - 55 2378 West Main Street Dothan, AL 36301 Downtown - 30 613 19th Street North Birmingham, AL 35203 Geneva-56 309 West Maple Avenue Geneva, AL 36340 Homewood - 42 103 Oxmoor Road Birmingham, AL 35209 Hueytown - 08 148 River Square Plaza Hueytown, AL 35023 Huntsville - 44 2207-B University Drive, N.W. Huntsville, AL 35816 Mobile - 22 809 Downtowner Blvd. Mobile, AL 36609 Montgomery - 20 1451 Eastern Boulevard Montgomery, AL 36117 Oxford - 10 1209 Snow Street Oxford, AL 36203 Pelham - 33 3016 Pelham Parkway Pelham, AL 35124 Riverchase - 01 1849 Data Drive Birmingham, AL 35244-1202 SAMC - 52 1118 Ross Clark Circle Suite 102 Dothan, AL 36301 Trussville - 11 2150 Gadsden Highway Birmingham, AL 35235

205-967-2993 800-874-3925   334-702-8759 800-874-3943 205-252-8024 800-874-3930 334-684-2241 888-642-3213 205-942-9977 800-720-7832 205-491-6217; 877-764-4742 256-533-5076 800-874-3942 251-343-2027 800-874-3945 334-271-4526 800-874-3938 256-835-7800 800-874-3931 205-620-2332 866-744-9651 205-985-2828 800-248-3526 334-702-8741 800-874-3944 205-661-9712 800-874-3929

FEES RELATED TO EACH LOAN

The following are fees related to a typical $175,000 purchase loan transaction in the Birmingham area, with this company. This does not include points, if any, nor does it include title insurance, local taxes, prepaid interest payments or prepaid escrow payments for home insurance or real estate taxes. A more complete list, tailored to your specific loan transaction, entitled "Good Faith Estimate of Settlement Costs" should be provided to you when you actually apply for a loan. All fees are believed to be accurate, but cannot be guaranteed and are subject to change without notice.

Appraisal	350
Credit Report	35
Application
Inspection	75
Document Prep/Review
Underwriting	595
Processing
Flood Certification	20
Tax Service	58
Notary
Settlement/Closing Fees	150
Attorney	500
Recording	200
Survey	175
Messenger/Courier	40
Wire Transfer
Administrative
Mortgage Broker Fee
Funding and Review
Payment Processing
Title Ins. (lender's)
Commitment	425
TOTAL	$2,623

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