2026-06-16T13:07:59-05:00 2025-12-31 630813240 PEARCE BEVILL LEESBURG MOORE PC 110 OFFICE PARK DR BIRMINGHAM AL 35223 990 2025-01-01 630437941 RAILROAD COMMUNITY CREDIT UNION RAIL 2059560678 PO BOX 100185 IRONDALE AL 35210 DOUG WATSON CEO/MANAGER 2059560678 2026-05-14 1 EMILY MCEUEN P01923867 2053235440 2026-05-14 2025 2025-03-06 01:10:19Z DOUG WATSON PO BOX 100185 IRONDALE AL 35210 3501290 0 1422 X WWW.RAILROADFCU.COM X STATE CHARTERED COOPERATIVE CREDIT U 1956 AL COOPERATIVE CREDIT UNION 7 7 9 10 3386 0 0 0 3084830 3501290 0 0 0 0 3084830 3501290 0 0 0 0 790208 835809 0 0 0 2122032 2311153 2912240 3146962 172590 354328 102299401 99753818 89568687 86126831 12730714 13626987 X THIS CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON-PROFIT FINANCIAL INSTITUTION, CHARTERED UNDER THE ALABAMA CREDIT UNION ACT. ITS PRIMARY PURPOSE IS THE ENCOURAGEMENT OF THRIFT, THE CREATION OF A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND THE PROVISION OF OPPORTUNITIES FOR ITS MEMBERS TO CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 3146964 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. RAILROAD COMMUNITY CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE UNDER THE EXISTING EMPLOYER GROUP OF NORFOLK SOUTHERN, CITY OF IRONDALE AND MORRIS SHEA BRIDGE, AND RESIDENTS OR PERSONS WORKING OR ATTENDING SCHOOL WITHIN JEFFERSON, BLOUNT, ST. CLAIR, SHELBY, WALKER AND TUSCALOOSA COUNTIES. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD APPROXIMATELY 4,765 MEMBERS. 3146964 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2226 0 9 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 1 1 0 0 0 X DOUG WATSON 2059560678 1808 2ND AVENUE SOUTH IRONDALE AL 352101512 PATRICIA SHEETS SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 ANITA L AARON SUPERVISORY COMMITTEE CHAIRPERSON 1.00 X 0 0 0 BRENDA ALDRIDGE BOARD SECRETARY 1.00 X 0 0 0 MARSHALL W WALK BOARD VICE CHAIRPERSON 1.00 X 0 0 0 MICHAEL L DARDEN BOARD MEMBER 1.00 X 0 0 0 MARY WADE-GREER BOARD MEMBER 1.00 X 0 0 0 ALVIN ASH JR BOARD MEMBER 1.00 X 0 0 0 FREDDY WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 LINDA G BASS SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 SHARON M HAZELWOOD CEO/PRESIDENT 40.00 X 115940 0 23432 115940 0 23432 1 0 0 0 0 INVESTMENT INCOME 522100 2607147 2607147 LOAN INTEREST INCOME 522100 771924 771924 FINANCIAL SERVICE FEE 522100 122219 118833 3386 3501290 3501290 3497904 3386 0 139372 480357 65936 102509 47635 33000 3061 38698 79459 76875 1901 17310 18963 51754 DIVIDEND EXPENSE ON MEM 1712953 COST OF FINANCIAL SERVI 193670 ASSOCIATION DUES AND SU 33146 PROVISION FOR LOAN LOSS 27886 22477 3146962 488013 608118 13346587 11918950 65299 50077 783826 673839 122373 109987 86981365 85684571 1295764 1382115 102299401 99753818 227178 141771 89341509 85985060 89568687 86126831 X 0 0 0 0 12730714 13626987 12730714 13626987 102299401 99753818 354328 541945 0 X X 0 0 0 76000 76000 552729 549038 3691 155097 124801 30296 109987 FEDERAL AGENCY SECURITIES 66096739 C CUSO 210 C CERTIFICATES OF DEPOSIT 19587622 C 85684571 MEMBER SHARES AND SHARE CERTIFICATES 85985060 85985060 FORM 990, PART VI, SECTION A, LINE 6 ALABAMA BANKING CODE, SECTION 5-17-5 STATES THAT, "CREDIT UNION MEMBERSHIP SHALL CONSIST OF THE INCORPORATORS AND SUCH OTHER PERSONS AS MAY BE ELECTED TO MEMBERSHIP AND WHO SUBSCRIBE TO AT LEAST ONE SHARE AND PAY THE INITIAL INSTALLMENT THEREON 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 TO GROUPS WITHIN A WELL-DEFINED NEIGHBORHOOD, COMMUNITY OR RURAL DISTRICT." THE MEMBERSHIP OF RAILROAD COMMUNITY CREDIT UNION AS OF DECEMBER 31, 2025, WAS OPEN TO ANYONE THAT IS UNDER THE EXISTING EMPLOYER GROUP OF NORFOLK SOUTHERN, CITY OF IRONDALE AND MORRIS SHEA BRIDGE, AND RESIDENTS OR PERSONS WORKING OR ATTENDING SCHOOL WITHIN JEFFERSON, BLOUNT, ST. CLAIR, SHELBY, WALKER AND TUSCALOOSA COUNTIES. THE CREDIT UNION CONSISTED OF APPROXIMATELY 4,765 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION'S MEMBERSHIP AT THE ANNUAL MEETING. THE CREDIT UNION'S BYLAWS GOVERN THE ELECTION PROCEDURES. THE TERMS OF THE BOARD OF DIRECTORS, AS SET BY THE BYLAWS, ARE 3 YEARS AND ARE STAGGERED SO THAT AN EQUAL NUMBER EXPIRE AT EACH ANNUAL MEETING. PRIOR TO THE ANNUAL MEETING, THE BOARD CHAIRMAN APPOINTS A NOMINATING COMMITTEE TO NOMINATE A CANDIDATE FOR EACH VACANCY. NOMINATIONS CAN ALSO BE CALLED FOR FROM THE FLOOR AT THE ANNUAL MEETING. ELECTION BY THE MEMBERSHIP IS PERFORMED THROUGH WRITTEN BALLOTS, UNLESS THERE IS ONLY ONE NOMINEE. ALL ELECTIONS ARE DETERMINED BY A PLURALITY VOTE. PROXY VOTING IS NOT ALLOWED BUT ABSENTEE BALLETS ARE ALLOWED. IN THE EVENT OF A VACANCY, THE BOARD OF DIRECTORS MAY APPOINT A NEW DIRECTOR TO SERVE UNTIL THE NEXT ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S 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. FORM 990, PART VI, SECTION B, LINE 11B THE CREDIT UNION'S BOARD OF DIRECTORS REVIEWS THE ANNUAL FORMS 990 AND 990-T IN THEIR ENTIRETY PRIOR TO FILING DURING THE REGULAR MONTHLY BOARD MEETING, AS LONG AS THE RETURNS ARE RECEIVED PRIOR TO THAT MEETING. OTHERWISE, THE RETURNS ARE REVIEWED BY MANAGEMENT PRIOR TO FILING, AND BY THE BOARD AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12 THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, AND EMPLOYEES OF THE CREDIT UNION ARE REQUIRED TO SIGN A STATEMENT ATTESTING TO THE REQUIREMENTS OF THE CONFLICT OF INTEREST POLICY ANNUALLY. THE POLICY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 MANAGEMENT'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE CREDIT UNION MAKES ITS FORM 990 AND 990-T DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED MONTHLY IN THE LOBBY FOR VIEWING. FORM 990, PART XII, LINE 2B THE ALABAMA CREDIT UNION ADMINISTRATION PERFORMS AN ANNUAL REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. THE NATIONAL CREDIT UNION ADMINISTRATION, AT ITS DISCRETION, MAY PERFORM A JOINT EXAMINATION TO CONSIDER THE CREDIT UNION'S SAFETY AND SOUNDNESS. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE SUBJECT TO A SUPERVISORY COMMITTEE AUDIT/AGREED UPON PROCEDURES PERFORMED BY AN EXTERNAL THIRD PARTY AS OF AUGUST 31 EACH YEAR. FORM 990, PART XII, LINE 2C THE CREDIT UNION HAS A SUPERVISORY COMMITTEE THAT IS RESPONSIBLE FOR ENSURING THAT THE BOARD OF DIRECTORS AND MANAGEMENT OF THE CREDIT UNION - (1) MEET REQUIRED FINANCIAL REPORTING OBJECTIVES AND (2) ESTABLISH PRACTICES AND PROCEDURES SUFFICIENT TO SAFEGUARD MEMBERS' ASSETS. THIS INCLUDES OVERSEEING THE ANNUAL FINANCIAL STATEMENT AUDIT/AGREED UPON PROCEDURES AND THE SELECTION OF THE INDEPENDENT AUDITOR/ACCOUNTANT.