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For additional information, contact: Vanessa Walters Marketing Copywriter Alabama Telco Credit Union Phone: (205) 985-2872 Fax: (205) 444-3745 August 13, 2014 FOR IMMEDIATE RELEASE Alabama Telco Reports Strong First Half for 2014 With the economy holding steady and the housing market picking up again, Alabama Telco Credit Union reports a strong first half of the year. Alabama Telco is currently celebrating its 80th year in the banking industry, and the credit union continues to prove their financial strength with a strong start to 2014. Financial reports for the first half of 2014 show a steady increase in deposits and loans. They reported a growth of $8 million in deposits and booked $76 million in new loans. Part of the loan growth stems from the upswing in real estate loans, both in home equity lines of credit and first and secondary mortgages. “Each year brings new challenges as the economy is ever changing. By holding true to our commitment of providing excellent service and working toward the goal of improving our members' financial well-being, we continue to see growth as well. We look forward to what the rest of 2014 holds,” states Linda Cencula, President and CEO of Alabama Telco. Alabama Telco Credit Union is a full service financial institution with branches located across the state of Alabama. With assets in excess of $607 million, Alabama Telco serves more than 65,000 members with friendly and professional service. Alabama Telco Credit Union has a “5 STAR” Superior Rating by Bauer Financial for Safety and Soundness. Alabama Telco Credit Union is a not-for-profit, financial cooperative that is solely owned by its members. For more information on Alabama Telco Credit Union, visit www.alatelco.org or call 1-800-24TELCO. Alabama Telco Credit Union is also on Facebook and Twitter.