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Alabama Stories

United Bank
Dedicated to meeting the needs of economically disadvantaged and underserved communities.
Inclusiv Story – Sixth Avenue Baptist FCU
Sixth Avenue Baptist FCU’s mission is to create quality financial relationships for a lifetime by providing valuable financial products and Christian-based financial services to our membership. We are a member-focused organization committed to exceeding expectations in everything we do and improving the lives of others.
Embroidery Business Sews a Missing Thread in Alabama
Alabama-based Epiphanys recently received a $350,000 acquisition loan from LISC to expand its capacity to serve federal agencies and fuel growth through new contracts. The loan was supported by Truist, Mackenzie Scott, and the Wells Fargo Open for Business Fund.
Autaugaville Senior Center Success Story
Construction/permanent financing for a new $419,000 senior Center in Autaugaville. The funding was provided through the Community Facilities Lending Program, which makes access to capital in rural areas more affordable.
City of Montevallo, a UB Community Development Success Story
$2,050,000 in Community Facilities Lending funds for the redevelopment of the historic Victory building, the construction of city storm shelters and park upgrades in the city of Montevallo.
Edwards Motor Company
UB Community Development, LLC, a community development partner of United Bank, has provided a $5.5 million for the renovation of the historic 90-year-old Edwards Motor Company building in downtown Birmingham, Alabama.
HarbisonWalker International Plant
Nearly $8 million to support the modernization and restarting of the HarbisonWalker International plant in Fairfield, Alabama. United Bank also made a loan of $2.9 million to support the project.
Hueytown Fire Department
UB Community Development, LLC, a community development partner of United Bank, has announced $1,000,000 in Community Facilities Lending funds designated to the Hueytown Fire Department for the purchase of a new fire engine.
Jackson Village Apartments Success Story
United Bank and UB Community Development provided $3,300,000 in construction financing to The Bennett Group for the renovation of Jackson Johnson Townhomes, a 42-unit affordable multifamily project in Marion, Alabama. United Bank also provided a $350,000 permanent loan to the development upon construction completion. Funding for this loan was made possible due to the bank’s Capital Magnet Fund award.
Abbeville Fiber Sawmill
Funding for a new fiber sawmill in Abbeville, Alabama.
Athens Limestone Hospital
UB Community Development, LLC, a community development partner of United Bank, has provided $5MM in financing for the Athens-Limestone Hospital Project. The total amount for the project is $20MM and will include a surgery center, pharmacy and internal medicine space.
Brown Precision Success Story
Brown Precision, Inc., a Huntsville, Alabama based company providing precision machining for the aerospace and medical industries planned to open a new 30,000 square foot manufacturing facility in Southwest Alabama. While the company entertained several possible locations, the New Market Tax Credit allocation introduced in connection with the Atmore site made Escambia County a very desirable option for Brown Precision.
CDFIs with Branches in the State
AOD Federal Credit Union
AOD Federal Credit Union
AOD Federal Credit Union
AOD Federal Credit Union
AOD Federal Credit Union
AOD Federal Credit Union
AOD Federal Credit Union
Bank of Moundville
Bank of Moundville
Bank of Vernon
Bank of Vernon
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankFirst Financial Services
BankPlus
BankPlus
BankPlus
BankPlus
BankPlus
BankPlus
BankPlus
BankPlus
Birmingham City Credit Union
Bronze Valley Corp
Citizens Bank & Trust
Citizens Bank & Trust
Citizens Bank & Trust
Citizens Bank & Trust
Citizens Bank & Trust