Nonprofit · EIN 63-0371386
WINSOUTH CREDIT UNION
Tax-exempt · GADSDEN, AL 35904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $29,117,164 | $26,148,242 | $2,968,922 | $452,065,537 | $418,449,914 | $33,615,623 |
| December 31, 2024 | 990 | $26,739,338 | $24,150,505 | $2,588,833 | $440,950,957 | $415,184,560 | $25,766,397 |
| December 31, 2023 | 990 | $23,682,218 | $19,557,797 | $4,124,421 | $393,632,161 | $373,535,532 | $20,096,629 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,228,830
- Investment income
- $4,105,629
- Net gain from sales of assets
- -$171,494
- Tax-exempt bond proceeds
- $4,277,123
- Other revenue
- $7,782,705
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $1,298,939
- Other salaries and wages
- $4,445,295
- Salaries, compensation and benefits (total)
- $8,114,977
- Professional fundraising fees
- $0
- Legal fees
- $233,216
- Accounting fees
- $199,053
- Occupancy
- $404,745
- Travel
- $267,653
- Depreciation
- $374,926
- Program services (functional)
- $26,148,242
Balance sheet and other
- Total assets, start of year
- $440,950,957
- Total assets, end of year
- $452,065,537
- Total liabilities, end of year
- $418,449,914
- Net assets, end of year
- $33,615,623
- Land, buildings and equipment
- $5,093,799
- Publicly traded securities
- $77,851,568
- Gross unrelated business income
- $82,600
- Gross receipts
- $29,905,758
- Employees
- 150
- Volunteers
- 9
- Year formed
- 1951
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID EUBANKS | CEO/PRESIDENT Officer | 40 | $298,153 | $22,032 |
| NATHAN CLOUGH | COO Officer | 40 | $172,740 | $25,081 |
| TRACI HIGGINS | CFO Officer | 40 | $155,704 | $24,631 |
| MARK SHADDIX | DIRECTOR OF LENDING Officer | 40 | $144,265 | $24,866 |
| KELLY WHISENANT | COMPTROLLER Officer | 40 | $145,088 | $16,363 |
| RACHAEL LEE | DIRECTOR OF HR Officer | 40 | $131,678 | $21,081 |
| KEITH SILLS | CONSUMER LENDING MANAGER Highest-paid employee | 40 | $111,042 | $10,644 |
| SCOTTY WILSON | COMM/MORTGAGE MANAGER Highest-paid employee | 40 | $110,764 | $10,714 |
| GIORGIO TORREGROSA | CTO Officer | 40 | $96,421 | $20,836 |
| GARY KENNEDY | BOARD MEMBER THROUGH MAY 2025 Trustee or director | 2 | $0 | $0 |
| DON SMITH | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| RONALD PATRICK | VICE CHAIRMAN Trustee or director | 2 | $0 | $0 |
| CORY SKELTON | SECRETARY Trustee or director | 2 | $0 | $0 |
| BRETT POSEY | TREASURY Trustee or director | 2 | $0 | $0 |
| CHAD HOUZE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RYAN FRAZIER | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID EUBANKS | CEO/PRESIDENT Officer | 40 | $271,394 | $19,243 |
| NATHAN CLOUGH | COO Officer | 40 | $150,190 | $21,827 |
| TRACI HIGGINS | CFO Officer | 40 | $133,737 | $21,377 |
| MARK SHADDIX | DIRECTOR OF LENDING Officer | 40 | $128,423 | $21,612 |
| KELLY WHISENANT | COMPTROLLER Officer | 40 | $132,913 | $14,312 |
| RACHAEL LEE | DIRECTOR OF HR Officer | 40 | $116,567 | $18,293 |
| SCOTTY WILSON | COMM/MORTGAGE MANAGER Highest-paid employee | 40 | $108,131 | $9,444 |
| GIORGIO TORREGROSA | CTO Officer | 40 | $95,881 | $18,047 |
| KEITH SILLS | CONSUMER LENDING Highest-paid employee | 40 | $104,547 | $9,375 |
| GARY KENNEDY | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| DON SMITH | VICE CHAIRMAN Trustee or director | 2 | $0 | $0 |
| RONALD PATRICK | TREASURER Trustee or director | 2 | $0 | $0 |
| CHARLES ATCHLEY | SECRETARY (DECEASED 12/20/24) Trustee or director | 2 | $0 | $0 |
| CORY SKELTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID EUBANKS | CEO/PRESIDENT Officer | 40 | $246,373 | $23,944 |
| NATHAN CLOUGH | COO Officer | 40 | $115,951 | $22,864 |
| MARK SHADDIX | DIRECTOR OF LENDING Officer | 40 | $114,392 | $22,966 |
| KELLY WHISENANT | COMPTROLLER Officer | 40 | $119,576 | $14,997 |
| RACHEL LEE | DIRECTOR OF HR Officer | 40 | $98,449 | $19,328 |
| GIORGIO TORREGROSA | CTO Officer | 40 | $93,653 | $19,289 |
| TRACI HIGGINS | CFO Officer | 40 | $60,889 | $22,720 |
| GARY KENNEDY | VICE CHAIRMAN Trustee or director | 2 | $0 | $0 |
| DON SMITH | TREASURER Trustee or director | 2 | $0 | $0 |
| RONALD PATRICK | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| GREG GREGERSON | SECRETARY Trustee or director | 2 | $0 | $0 |
| CHARLES ATCHLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 S 26TH ST, GADSDEN, AL 35904-1935
- Principal officer (990 for 2025)
- TRACI HIGGINS, 110 SOUTH 26TH STREET, GADSDEN, AL 359041935
- Signed the 990
- TRACI HIGGINS, CFO
- Phone
- (256) 543-7302
- Website
- WWW.WINSOUTHCU.COM
- Return prepared by
- BMSS LLC
Mission
TO ENCOURAGE THRIFT, CREATE A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDE OPPORTUNITIES FOR ITS MEMBERS TO CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
Program accomplishments
- 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. WINSOUTH CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NONPROFIT FINANCIAL INSTITUION. ITS PRIMARY PURPOSE IS TO ENCOURAGE THRIFT, CREATE A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDE OPPORTUNITIES FOR ITS MEMBERS TO CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. THE CREDIT UNION STRIVES TO ACHIEVE ITS PURPOSE BY CONDUCTING ANY BUSINESS, ENGAGING IN ANY ACTIVITY, AND PROVIDING ANY SERVICE THAT MAY BENEFIT ITS MEMBERS, SUBJECT TO THE ALABAMA CREDIT UNION ACT AND THE RULES AND REGULATIONS ADOPTED THEREUNDER BY THE ALABAMA CREDIT UNION ADMINISTRATION. AS OF DECEMBER 31, 2025 THE CREDIT UNION PROVIDED SERVICES TO 35,968 MEMBERS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 63-0371386
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1422: ALABAMA CREDIT UNION ADMINISTRATION
- Assets (IRS master file)
- $452,065,537
- Income (IRS master file)
- $29,905,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $29,117,164 | $26,148,242 | $452,065,537 | IRS |
| 990 | December 2024 | $26,739,338 | $24,150,505 | $440,950,957 | IRS |
| 990 | December 2023 | $23,682,218 | $19,557,797 | $393,632,161 | XML |
| 990 | December 2022 | $20,131,767 | $16,720,847 | $385,560,521 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 63-0371386).
Questions about WINSOUTH CREDIT UNION
- What is the EIN of WINSOUTH CREDIT UNION?
- The employer identification number (EIN) of WINSOUTH CREDIT UNION is 63-0371386.
- Is WINSOUTH CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
- Which annual return does WINSOUTH 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 WINSOUTH CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WINSOUTH CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WINSOUTH CREDIT UNION?
- The 990 for the year ended December 31, 2025 names TRACI HIGGINS.
- Who are the officers and directors of WINSOUTH CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 16 people; 9 received compensation from the organization, the highest $298,153 (DAVID EUBANKS, CEO/PRESIDENT).
- How much revenue does WINSOUTH CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $29,117,164, expenses of $26,148,242 and total assets of $452,065,537 at year end.
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