Overview
What is Alabama Credit Union?
Alabama Credit Union is a nonprofit organization based in Tuscaloosa, Alabama, with a PO Box address (35486). They serve over 134,000 members and aim to promote thrift opportunities and offer affordable loans to their clientele. Their mission revolves around extending these financial benefits to their members. With a workforce of approximately 460 employees, they remain dedicated to this purpose.
Official website here: www.alabamacu.com
Is Alabama Credit Union legitimate?
Alabama Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alabama Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,228,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,018,894
For more financial information, click here
Official website here: www.alabamacu.com
What is the mission statement of Alabama Credit Union?
The Alabama Credit Union is dedicated to offering thrift opportunities and providing affordable loans to its members. This mission is aimed at empowering individuals to save and borrow money in a cost-effective manner. With over 134,000 members served, the credit union is committed to promoting thrift and accessible financial services to its community. Through these efforts, the credit union strives to make a positive impact on the lives of its members by providing them with valuable financial resources. Additionally, it is focused on ensuring that the loans offered are kept at a minimal cost, thereby making financial services more accessible and inclusive for all.
Official website here: www.alabamacu.com
Who is the CEO of Alabama Credit Union?
Stephen K Swofford is the Director of Alabama Credit Union. The CEO's salary of Alabama Credit Union is $450,800 and their total compensation is $497,980.
Official website here: www.alabamacu.com
What is the revenue of Alabama Credit Union?
Who are the executives of Alabama Credit Union and what are their salaries?
The average compensation at Alabama Credit Union during 2022 was $37,494. There are 460 employees and 14 volunteers at Alabama Credit Union.
Here are 24 key members and their salaries (Alabama Credit Union's CEO's salary is $450,800 and their total compensation is $497,980):
- Stephen K Swofford (Ceo/President)
- Tommy Cobb (Chief Development Officer)
- Michael Goodman (Cio)
- Eleanor Brown (Cfo)
- June Landrum (Coo)
- Benson P Bolling (Chief Lending Officer)
- Michael R Shults (Vp Of Information Systems)
- Joseph Hardy (Manager Of Outside Sales)
- Jennifer Browning (Acuis Program Manager)
- Jim Pennington (Vp, Collections)
- Brandi Mckinney (Avp, Human Resources)
- Elizabeth Cole (Avp, Branch Operations)
- Ajaykumar Gupta (Manager, Network Services)
- Reba Essary (Director)
- Casey Taylor (Secretary/Treasurer) [Trustee/Director]
- Charlotte Harris (Director)
- Lynne April (Chairperson) [Trustee/Director]
- Mark Nelson (Director)
- Marcus Jones (Director)
- Thomas West (Director)
- Robert Riley (Director)
- Ron Dulek (Vice Chair) [Trustee/Director]
- Lisa Evans (Director)
- Tony Johnson (Director)
Official website here: www.alabamacu.com
Where can I find the form 990 for Alabama Credit Union?
The Alabama Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.alabamacu.com
Learn more at the official website: www.alabamacu.com
Mission Statement of Alabama Credit Union
Alabama Credit Union, a thriving organization, is dedicated to providing member-exclusive thrift opportunities and affordable loans. With a membership base of over 134,000 individuals, the credit union's primary mission is to promote financial well-being by offering access to savings and borrowing services at reasonable rates.
At the heart of Alabama Credit Union's operations lies its commitment to empowering its members. By offering thrift opportunities, the credit union encourages its members to save and build a solid financial foundation. Additionally, the availability of low-cost loans enables members to address their financial needs effectively, without being burdened by exorbitant interest rates.
Alabama Credit Union's services extend beyond basic banking, fostering a sense of community among its members. The organization's mission to provide thrift opportunities and low-cost loans is not just a tagline but a guiding principle that influences every aspect of its operations. Members benefit from a collaborative and supportive environment, where they can work towards their financial goals and receive assistance when needed. Together, through the credit union, members can pool their resources and create a positive impact on each other's lives.
In summary, Alabama Credit Union is a member-focused organization that offers thrift opportunities and low-cost loans to its diverse base. By prioritizing the financial well-being of its members, the credit union has become an essential pillar of the financial landscape, empowering individuals to save, borrow, and build a secure financial future.
Impact
This information is meant to be a general summary of Alabama Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Alabama Credit Union's impact lies in its provision of thrift opportunities and low-cost loans to its 134,896 members. This serves to promote financial resilience and stability among its members in Tuscaloosa, Alabama. The credit union's mission is to support its members by offering affordable financial services, thereby contributing to the economic well-being of the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$47,815,360
Organization Details
Founding Year
1956
Phone
(205) 469-5944
Principal Officer
Stephen K Swofford
Main Address
PO BOX 862998, TUSCALOOSA, AL, 35486
Website
www.alabamacu.com
NTEE Category
Code: W60 - Public benefit
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