Tuscaloosa Credit Union
- Assets
- $0.0
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 37
- Location
- Tuscaloosa, AL
- Founding
- Data as of
- 12/2017
- EIN
- 63-0362347
Organization Overview
Tuscaloosa Credit Union is located in Tuscaloosa, AL. As of 12/2017, Tuscaloosa Credit Union employed 37 individuals. Tuscaloosa Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2017, Tuscaloosa Credit Union generated $4.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.7m during the year ending 12/2017. While expenses have increased by 1.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATIVE CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. TUSCALOOSA CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY RESIDENTS OF TUSCALOOSA COUNTY, ALABAMA. THE CREDIT UNION'S FIELD OF MEMBERSHIP IS ALSO OPEN TO ANYONE WORKING OR PERFORMING BUSINESS IN TUSCALOOSA COUNTY. AT DECEMBER 31, 2017, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 7,130 MEMBERS.
CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. TUSCALOOSA CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY RESIDENTS OF TUSCALOOSA COUNTY, ALABAMA. THE CREDIT UNION'S FIELD OF MEMBERSHIP IS ALSO OPEN TO ANYONE WORKING OR PERFORMING BUSINESS IN TUSCALOOSA COUNTY. AT DECEMBER 31, 2017, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 7,130 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Terry Board President | Trustee | 1 | $0 |
Joe Brown Board Vice President | Trustee | 1 | $0 |
Doug Overton Director | Trustee | 1 | $0 |
Janice Wright Board Secretary/treasurer | Trustee | 1 | $0 |
Nathaniel Howard Director | Trustee | 1 | $0 |
Willie Fort Supervisory Commitee Membe | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lyons Hr Payroll And Hr Services | 12/30/17 | $129,346 |
John Floyd & Associates Check Courtesy Pay | 12/30/17 | $118,760 |
John Floyd & Associates Check Courtesy Pay | 12/30/17 | $118,760 |
Lyons Hr Payroll And Hr Services | 12/30/17 | $129,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,141,284 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,141,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $355,391 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $772,722 |
| Pension plan accruals and contributions | $65,608 |
| Other employee benefits | $195,552 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,380 |
| Fees for services: Accounting | $18,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $113,621 |
| Office expenses | $57,538 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,705 |
| Travel | $53,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,225 |
| Insurance | $48,754 |
| All other expenses | $210,043 |
| Total functional expenses | $3,730,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |