2026-08-17T10:43:23-05:00 2025-12-31 630813240 PEARCE BEVILL CPAS & ADVISORS PC 110 OFFICE PARK DR BIRMINGHAM AL 35223 990 2025-01-01 630021787 ALATRUST CREDIT UNION CRED 2055818800 PO BOX 36489 HOOVER AL 35236 STEVE NIX PRESIDENT/CEO 2055818800 2026-07-24 1 EMILY MCEUEN P01923867 2053235440 2026-07-24 2025 2025-03-06 01:10:19Z STEVE NIX PO BOX 36489 HOOVER AL 35236 12023741 0 X WWW.ALATRUSTCU.COM X STATE CHARTERED COOPERATIVE CREDIT U 1935 AL COOPERATIVE CREDIT UNION 6 5 42 8 52658 0 0 0 11426984 12023741 0 0 0 0 11426984 12023741 0 0 0 0 2814675 2906417 0 0 0 6826922 7280935 9641597 10187352 1785387 1836389 202055003 213231947 182764887 189447515 19290116 23784432 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. 0 0 10187351 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. ALATRUST CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO ARE EMPLOYEES OF THE PUBLIC SCHOOLS LOCATED IN JEFFERSON, CALHOUN, WALKER, AND TALLADEGA COUNTIES AND THEIR RELATIVES. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 13,306 MEMBERS. 10187351 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 6544 0 1 42 1 1 1 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 1 0 0 X STEVE NIX 2055818800 1810 MERCHANTS DRIVE BIRMINGHAM AL 35244 GEORGE S STEVE NIX CEO & BOARD TREASURER 40.00 X X 386640 0 85046 DONALD DUCK CHAIRPERSON OF THE BOARD 1.00 X 0 0 0 MARTHA WISE VICE CHAIRPERSON 1.00 X 0 0 0 DR SIMPSON BERRY JR SECRETARY 1.00 X 0 0 0 ALVIN WASHINGTON DIRECTOR 1.00 X 0 0 0 JOHN ROBERTS SUPERVISORY COMMITTEE CHAIRPERSON 1.00 X 0 0 0 MIKE LOIACONO SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 PERRY WARD SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 MICHELLE CRUMBLEY ACCOUNTING MANAGER 40.00 X 113112 0 19297 KEN WASMUND DIRECTOR 1.00 X 0 0 0 SHELLEY MCLAUGHLIN VP OF ADMINISTRATION 40.00 X 185926 0 39819 KEVIN LOTT LOAN MANAGER 40.00 X 127149 0 34633 812827 0 178795 4 0 1 0 0 INTEREST INCOME FROM LOANS TO MEM 522100 7495062 7495062 INVESTMENT INCOME 522100 2523458 2523458 FINANCIAL SERVICE FEES AND OTHER 522100 2005221 1952563 52658 12023741 12023741 11971083 52658 0 604095 1961741 -82179 248201 174559 14550 71019 424940 154241 416553 26995 222797 86354 MEMBER SHARE DIVIDENDS 3195830 COST OF FINANCIAL SERVI 1913702 PROVISION FOR LOAN LOSS 600000 OTHER OPERATING EXPENSE 147886 6068 10187352 2111242 1686007 16037814 18062543 110364562 117875068 771271 695006 7831398 3473753 4387971 4357645 61275784 62971485 7106359 7584193 202055003 213231947 894695 1037322 2810429 1554223 179059763 186855970 182764887 189447515 X 0 0 0 0 19290116 23784432 19290116 23784432 202055003 213231947 X 1836389 2641367 16560 X X 0 0 0 0 1 X 839162 839162 4947994 1689384 3258610 2044242 1784369 259873 4357645 AFS INVESTMENT SECURITIES 60809335 F CORPORATE CREDIT UNION DEPOSITS 2020550 C FHLB INVESTMENTS 141600 C 62971485 MEMBER SHARES AND CERTIFICATE SHARES 186855970 186855970 PART IV, LINE 2B: THE CREDIT UNION ACCEPTS AND MAINTAINS ESCROW PAYMENTS TO PAY ANNUAL TAXES AND INSURANCE ON MEMBER-BORROWER MORTGAGE LOANS. X X 0 0 0 GEORGE S STEVE NIX CEO & BOARD TREASURER 340503 0 46137 0 0 0 67695 0 17351 0 471686 0 0 0 SHELLEY MCLAUGHLIN VP OF ADMINISTRATION 161135 0 24791 0 0 0 16831 0 22988 0 225745 0 0 0 KEVIN LOTT LOAN MANAGER 114404 0 12745 0 0 0 12139 0 22494 0 161782 0 0 0 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 ALATRUST CREDIT UNION WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO ARE EMPLOYEES OF THE PUBLIC SCHOOLS LOCATED IN JEFFERSON, CALHOUN, WALKER, AND TALLADEGA COUNTIES AND THEIR RELATIVES. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 13,306 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 MAY ALSO BE MADE BY PETITION. ELECTION BY THE MEMBERSHIP IS PERFORMED THROUGH WRITTEN BALLOTS, UNLESS THERE IS ONLY ONE NOMINEE. ALL ELECTIONS ARE DETERMINED BY A PLURALITY VOTE. 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 DECISIONS, 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 MANAGEMENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CREDIT UNION'S CEO IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. TO DETERMINE THE CEO'S SALARY, THE BOARD CONSIDERS AMONG OTHER THINGS, PUBLISHED PEER SALARY GUIDES/DATA AND THE CREDIT UNION'S FINANCIAL CONDITION AND RESULTS OF OPERATIONS. THE CEO SETS THE COMPENSATION OF THE VICE PRESIDENT AND THE VICE PRESIDENT SETS THE SALARIES OF ALL OTHER EMPLOYEE BASED ON SIMILAR GUIDELINES. 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 CAN BE FOUND ON THE WEBSITE OF THE NCUA AT NCUA.GOV. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME FOR PENSION PLAN 16,560. FORM 990, PART XII, LINE 2B: ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND/OR THE NATIONAL CREDIT UNION ADMINISTRATION PERFORM A REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE SUBJECT TO A SUPERVISORY COMMITTEE AUDIT/AGREED UPON PROCEDURES PERFORMED BY AN INDEPENDENT THIRD PARTY AS OF SEPTEMBER 30 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 SUPERVISORY COMMITTEE AUDIT/AGREED UPON PROCEDURES AND THE SELECTION OF THE INDEPENDENT AUDITOR/ACCOUNTANT. THE ALATRUST4U FOUNDATION 1810 MERCHANTS DR HOOVER AL 35244 883602190 TO HELP THOSE IN OUR COMMUNITIES BE FINANCIALLY SMART AND HEALTHY AL 501(C)(3) LINE 7 ALATRUST CREDIT UNION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0