2025-11-12T11:08:35-08:00 2024-12-31 850609477 M ZACHARY MILLER - CPA 7804 7th Court South Birmingham AL 35206 990 2024-01-01 630390327 JEFFERSON CREDIT UNION JEFF 2054444528 5261 ROSS BRIDGE PARKWAY HOOVER AL 35226 RICHARD MORRIS PRESIDENT/CEO 2054444528 2025-05-11 true true M Zachary Miller CPA P02360863 2055773577 2025-11-12 X 2024 2025-03-06 01:10:19Z RICHARD MORRIS 5261 ROSS BRIDGE PARKWAY BIRMINGHAM AL 35226 5000369 false 1422 X N/A X STATE 1941 AL 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. 7 7 30 10 65332 0 0 0 4360262 5000369 0 0 0 0 4360262 5000369 0 0 0 0 1427870 1289137 0 0 0 2914035 3677812 4341905 4966949 18357 33420 74207450 83358762 67673282 76337390 6534168 7021372 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. false false 4966949 ALABAMA BANKING CODE, SECTION 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. JEFFERSON CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY EMPLOYEES, AND THEIR RELATIVES, OF JEFFERSON COUNTY, ALABAMA MUNICIPALITY. ADDITIONALLY, DONATIONS OF $25.00 MADE TO THE ALABAMA YOUTH SHERIFFS RANCH ALLOWS AN INDIVIDUAL WHO LIVES OUTSIDE OF THE BIRMINGHAM METROPOLITAN AREA BUT WITHIN THE STATE OF ALABAMA THE OPPORTUNITY TO QUALIFY FOR MEMBERSHIP IN JEFFERSON CREDIT UNION. AS OF DECEMBER 31, 2024, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 6,858 MEMBERS. 4966949 false false false false false false false false false true false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true X 0 0 30 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true false false X RICHARD MORRIS 2058958935 5261 ROSS BRIDGE PARKWAY BIRMINGHAM AL 35226 X RICHARD MORRIS PRESIDENT/CEO 40.00 X 135878 0 -69410 M ZACHARY MILLER CHIEF FINANCIAL OFFICER 40.00 X 38461 0 0 LISA COOPER CHIEF OPERATING OFFICER 40.00 X 92733 0 18611 REBECCA SMITH CONTROLLER 40.00 X 84949 0 5973 JONATHAN SHORTS BOARD CHAIRMAN 1.00 X 0 0 0 DAREN LANIER BOARD TREASURER 1.00 X 0 0 0 PATRICK NICOVICH BOARD SECRETARY 1.00 X 0 0 0 CHARLES KNIGHT BOARD MEMBER 1.00 X 0 0 0 BARRY STEPHENSON BOARD MEMBER 1.00 X 0 0 0 TRACIE HODGE BOARD MEMBER 1.00 X 0 0 0 LEN GEDGOUDAS SPERVISORY COMMITTEE CHAIR 1.00 X 0 0 0 CHRIS WILLIS SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 PAM BILLUPS SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 352021 0 -44826 0 false false false 0 0 0 0 0 0 0 0 0 INTEREST ON LOANS 522100 2963418 0 0 FINC SVCS FEE/MISC INC 522100 1254417 65332 0 INVESTMENTS 522100 782534 0 0 5000369 0 0 0 0 0 0 0 0 5000369 4935037 65332 0 0 0 0 0 307196 0 0 0 0 0 0 0 864425 0 0 0 -130314 0 0 0 151823 0 0 0 96007 0 0 0 0 0 0 0 25839 0 0 0 23162 0 0 0 0 0 0 0 0 0 0 0 0 0 140031 0 0 0 82427 0 0 0 289178 0 0 0 0 0 0 0 0 0 0 0 143951 0 0 0 21122 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 177078 0 0 0 43542 0 0 0 LOAN SERVICING EXPENSE 474985 0 0 0 PROCESSING EXPENSE 678812 0 0 0 MEMBER DIVIDEND EXPENSE 999801 0 0 0 PROVISION FOR LOAN LOASS 507448 0 0 0 70436 0 0 0 4966949 0 0 0 1145814 679848 3788743 14139339 0 0 0 0 0 0 0 0 44993514 43234851 0 0 1223557 1150210 3819311 1080581 2809307 2738730 16419078 16042716 0 3827437 5373068 74207450 83358762 682950 579673 0 0 0 0 0 0 0 0 0 0 0 0 0 0 66990332 75757717 67673282 76337390 X 0 0 0 0 6534168 7021372 6534168 7021372 74207450 83358762 33420 226363 227421 X X false false false false false false 0 645580 645580 2118650 547751 1570899 480157 258084 222073 574924 274746 300178 2738730 AFS INVESTMENTS 14609331 F OTHER INVESTMENTS 1433385 F 16042716 OTHER ASSETS 4692839 NCUA INS DEP 680229 5373068 MEMBER SHARES & CERT SHARES 75757717 MEMBER SHARES & CERT SHARES 0 75757717 Pt IV, Line 2b NOT APPLICABLE Pt V, Line 3b A 990-T FOR 2024 WAS FILED. Pt VI, Line 6 Alabama banking code section 5175 states that credit union membership shall consist of the incorporators and such other persons as may be elected to membership and who subscribed to at least one chair and pay the initial installment theyre on and the entrance fee. Organizations, Incorporated, or otherwise, composed for the most part of the same general group as the credit union membership may be members. Credit union organization shall be limited to groups, of both large and small membership, having a common bond of occupation or association or two groups within any well defined neighborhood, community or rule district. The membership of Jefferson credit union as of December 31, 2024 was open to anyone that is an employee, or their relatives, of Jefferson County, Alabama, and any Alabama resident who has made a $25 donation to the Alabama youth sheriffs Ranch. And consisted of approximately 7000 members. Pt VI, Line 7a The board of directors are elected by the credit unions membership at the annual meeting. The credit unions bylaws governed the election procedures. The terms of the board of directors, as set by the bylaws, are three years and our staggered so that an equal number expire at each annual meeting. 120 days prior to the annual meeting, the board chairman appoints a nominating committee to nominate a candidate for each vacancy. 90 days prior to the annual meeting the nominating committee must file the nominations with the secretary, who must notify the members of the nominations 75 days prior to the annual meeting. Nominations may not be called for from the floor at the annual meeting, except for possessions for which no one has been nominated. Election by the membership is performed through written and ballots, unless there is only one nominee. All elections are determined by a plurality vote. Pt VI, Line 7b The following types of decisions are subject to approval by the credit unions members. Dissolution and merger of the credit union, election and termination of board members, election and termination of supervisory committee members, and conversion from state to Federal charter. Pt VI, Line 12c SELF MONITORING AND ANNUAL REVIEW OF THE POLICY Pt VI, Line 15a MANAGEMENTS COMPENSATION IS DETERMNINED BY THE CREDIT UNIONS BOARD OF DIRECTORS. Pt VI, Line 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL INFORMATION CAN BE FOUND AT NCUA.GOV. Pt XII, Line 2c THE CREDIT UNION HAS A SIPERVISORY COMMITTEE THAT IS RESPONSIBLE FOR ENSURING THAT THE BOARD OF DIRECTORS AND MANAGEMENT OF THE CREDIT UNION MEET REQUIRED FINANCIAL REPORTING OBJECTIVES AND ESTABLISH PRACTICES AND PROCEDURES SUFFICIENT TO SAFEGUARD MEMBERS ASSETS. Pt VI, Line 8a MONTHLY BOARD MEETINGS ARE DOUCMENTED VIA MINUTES. Pt VII, Col (E) NOT APPLICABLE Pt VI, Line 11b MANAGEMENT PERFORMS A REVIEW OF THE 990 PRIOR TO FILING