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Nonprofit · EIN 63-0338577

AZALEA CITY CREDIT UNION

Tax-exempt · MOBILE, AL 36609

Financials

$2.7M$2.1M2023$3.1M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of AZALEA CITY CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,131,618$2,843,469$288,149$43,077,807$36,578,248$6,499,559
December 31, 2023990$2,662,808$2,145,116$517,692$42,434,958$36,073,548$6,361,410
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,898,230
Investment income
$487,382
Other revenue
$746,006

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$222,226
Other salaries and wages
$797,916
Salaries, compensation and benefits (total)
$1,148,871
Professional fundraising fees
$0
Legal fees
$12,263
Accounting fees
$16,304
Occupancy
$139,148
Travel
$20,716
Depreciation
$85,752

Balance sheet and other

Total assets, start of year
$42,434,958
Total assets, end of year
$43,077,807
Total liabilities, end of year
$36,578,248
Net assets, end of year
$6,499,559
Land, buildings and equipment
$2,422,925
Gross unrelated business income
$14,450
Gross receipts
$3,131,618
Employees
17
Volunteers
7
Year formed
1954
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
OLABODE ANISEPRESIDENT/CEO
Trustee or director, Highest-paid employee
40$222,226
JERRY BYRDCHAIRMAN
Trustee or director
0$0
LAWRENCE WOODVICE-CHAIRMAN
Trustee or director
0$0
AARON ANDRYSECRETARY
Trustee or director
0$0
MONA WILLIAMSDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
OLABODE ANISEPRESIDENT/CEO
Trustee or director, Highest-paid employee
40$224,663
JERRY BYRDCHAIRMAN
Trustee or director
0.5$0
LAWRENCE WOODVICE-CHAIRMAN
Trustee or director
0.5$0
AARON ANDRYSECRETARY
Trustee or director
0.5$0
MONA WILLIAMSDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
5662 COTTAGE HILL RD, MOBILE, AL 36609-4233
In care of
% LATOYA BAKER
Principal officer (990 for 2024)
AZALEA CITY CREDIT UNION, 5662 COTTAGE HILL RD, MOBILE, AL 36609
Signed the 990
LaToya Baker, Sr. Accountant
Phone
(251) 316-0000

Mission

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • Members served to promote thrift opportunities and low cost loans.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
63-0338577
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1941
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$43,077,807
Income (IRS master file)
$3,131,618

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,131,618$2,843,469$43,077,807XML
990December 2023$2,662,808$2,145,116$42,434,958XML
990December 2022$2,228,511$1,620,460$34,244,152IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 63-0338577).

Questions about AZALEA CITY CREDIT UNION

What is the EIN of AZALEA CITY CREDIT UNION?
The employer identification number (EIN) of AZALEA CITY CREDIT UNION is 63-0338577.
Is AZALEA CITY CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1941.
Are donations to AZALEA CITY CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AZALEA CITY CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AZALEA CITY CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AZALEA CITY CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AZALEA CITY CREDIT UNION?
The 990 for the year ended December 31, 2024 names AZALEA CITY CREDIT UNION.
Who are the officers and directors of AZALEA CITY CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $222,226 (OLABODE ANISE, PRESIDENT/CEO).
How much revenue does AZALEA CITY CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,131,618, expenses of $2,843,469 and total assets of $43,077,807 at year end.

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