Credit Unions In The State Of Alabama

Organization Overview

Credit Unions In The State Of Alabama is located in Birmingham, AL. The organization was established in 1958. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of Alabama 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 12/2021, Credit Unions In The State Of Alabama generated $85.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $88.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.


THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Debra York
Treasurer/ma
$47,210
Richard Phillips
Chairman
$0
Shea Kennedy
Vice Chairma
$0
Theresa Ratliff
Secretary
$0
Joseph Kolaczek
Board Member
$0
Mike Loiacona
Supervisory
$0

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$83,275
Investment income $1,517
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 $85,359

Peer Organizations

Organization NameAssets
Bowater Employees Credit Union
Calhoun, TN
$12,161,157
New Horizons Credit Union
Mobile, AL
$11,191,194
Alabama Central Credit Union
Birmingham, AL
$10,136,034
Heritage South Credit Union
Sylacauga, AL
$9,575,524
Scenic Community Credit Union
Hixson, TN
$8,288,565
State Chartered Credit Unions In Florida
Chipley, FL
$10,944,013
Lowland Credit Union
Morristown, TN
$7,302,104
Members Exchange Credit Union
Jackson, MS
$9,495,349
Riverfall Credit Union
Tuscaloosa, AL
$8,173,855
Mygeorgia Credit Union
Gainesville, GA
$10,094,883
State Chartered Credit Unions In Florida
Miami, FL
$8,027,074
Naheola Credit Union
Pennington, AL
$9,386,778
State Chartered Credit Unions In Florida
Miami, FL
$8,250,585
Kimberly Clark Credit Union
Memphis, TN
$7,706,688
Eco Credit Union
Birmingham, AL
$7,754,194
Northeast Community Credit Union
Elizabethton, TN
$8,780,666
Alatrust Credit Union
Hoover, AL
$8,462,340
State Chartered Credit Unions In Florida
Jacksonville, FL
$6,857,488
State Chartered Credit Unions In Florida
Panama City, FL
$7,848,025
Tru Fi Credit Union
Macclenny, FL
$7,665,148
Employee Resources Credit Union
Lawrenceburg, TN
$7,210,233
Magnify Credit Union
Mulberry, FL
$4,016,216
Go Energy Financial Credit Union
Tucker, GA
$6,270,517
Core Credit Union
Statesboro, GA
$6,307,163
State Chartered Credit Unions In Florida
Sunrise, FL
$5,882,262

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