Nonprofit · EIN 63-0440014
ALABAMA CREDIT UNION
Tax-exempt · TUSCALOOSA, AL 35401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $143,233,716 | $131,954,975 | $11,278,741 | $1,953,300,236 | $1,831,595,042 | $121,705,194 |
| December 31, 2023 | 990 | $106,263,577 | $101,381,357 | $4,882,220 | $1,922,294,287 | $1,811,575,411 | $110,718,876 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $85,701,034
- Investment income
- $9,303,383
- Royalties
- $716,559
- Net gain from sales of assets
- $1,210
- Other revenue
- $48,229,299
Expenses
- Grants and similar amounts paid
- $98,948
- Compensation of officers, directors and key employees
- $3,809,117
- Other salaries and wages
- $19,648,072
- Salaries, compensation and benefits (total)
- $29,367,127
- Professional fundraising fees
- $0
- Legal fees
- $281,827
- Accounting fees
- $180,000
- Occupancy
- $2,014,058
- Travel
- $504,248
- Depreciation
- $3,172,672
Balance sheet and other
- Total assets, start of year
- $1,922,294,287
- Total assets, end of year
- $1,953,300,236
- Total liabilities, end of year
- $1,831,595,042
- Net assets, end of year
- $121,705,194
- Land, buildings and equipment
- $60,739,018
- Publicly traded securities
- $6,281,786
- Gross unrelated business income
- $1,937,208
- Gross receipts
- $143,295,806
- Employees
- 489
- Volunteers
- 14
- Year formed
- 1956
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN K SWOFFORD | CEO Officer | 60 | $566,046 | $54,325 |
| JOSEPH HARDY | PRESIDENT OF ACUSI Highest-paid employee | 45 | $535,797 | $50,470 |
| TOMMY COBB | PRESIDENT OF ACUS HOLDINGS Officer | 45 | $498,990 | $25,851 |
| MICHAEL GOODMAN | CIO Officer | 45 | $353,808 | $55,255 |
| JUNE LANDRUM | PRESIDENT Officer | 45 | $356,144 | $33,894 |
| JIM PENNINGTON | VP, COLLECTIONS Officer | 45 | $286,987 | $74,651 |
| BENSON P BOLLING | CHIEF LENDING OFFICER Officer | 55 | $329,082 | $30,060 |
| ELEANOR BROWN | CFO Officer | 45 | $314,064 | $27,665 |
| MICHAEL R SHULTS | VP OF INFORMATION SYSTEMS Officer | 45 | $298,340 | $28,465 |
| ELIZABETH COLE | VP OF BRANCH OPERATIONS Highest-paid employee | 45 | $258,579 | $24,392 |
| BRANDI MCKINNEY | CHIEF RISK OFFICER Officer | 55 | $220,330 | $24,868 |
| JENNIFER BROWNING | ACUIS PROGRAM MANAGER Highest-paid employee | 45 | $209,330 | $24,844 |
| KELLEY PORTER | CHIEF MEMBER EXPERIENCE OFFICER Officer | 45 | $211,681 | $18,611 |
| AJAYKUMAR GUPTA | AVP OF NETWORK ADMINISTRATION Highest-paid employee | 45 | $170,113 | $24,427 |
| JOHN EDINGTON | COMMERCIAL LENDING DIRECTOR Highest-paid employee | 45 | $152,465 | $22,079 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBA ESSARY | DIRECTOR Trustee or director | 1 | $0 |
| CASEY TAYLOR | SECRETARY/TREASURER Trustee or director | 1 | $0 |
| CHARLOTTE HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| LYNNE APRIL | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 |
| MARK NELSON | DIRECTOR Trustee or director | 1 | $0 |
| MARCUS JONES | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS WEST | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT RILEY | DIRECTOR Trustee or director | 1 | $0 |
| RON DULEK | BOARD CHAIRPERSON Trustee or director | 1 | $0 |
| LISA EVANS | DIRECTOR Trustee or director | 1 | $0 |
| TONY JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN K SWOFFORD | CEO Officer | 60 | $589,817 | $54,234 |
| TOMMY COBB | CHIEF DEVELOPMENT OFFICER Officer | 45 | $474,748 | $26,716 |
| MICHAEL GOODMAN | CIO Officer | 45 | $333,467 | $35,154 |
| JUNE LANDRUM | INTERIM CEO/ PRESIDENT Officer | 45 | $323,346 | $27,627 |
| BENSON P BOLLING | CHIEF LENDING OFFICER Officer | 55 | $317,407 | $26,234 |
| ELEANOR BROWN | CFO Officer | 45 | $303,289 | $28,080 |
| MICHAEL R SHULTS | VP OF INFORMATION SYSTEMS Officer | 45 | $280,905 | $27,349 |
| JIM PENNINGTON | VP, COLLECTIONS Officer | 45 | $225,438 | $25,544 |
| ELIZABETH COLE | AVP, AREA BRANCH OPERATIONS Highest-paid employee | 45 | $226,453 | $23,198 |
| JOSEPH HARDY | MANAGER OF OUTSIDE SALES Highest-paid employee | 45 | $210,569 | $25,271 |
| BRANDI MCKINNEY | VP-HUMAN RESOURCES & COMPLIANCE Officer | 55 | $205,002 | $21,497 |
| KELLEY PORTER | VP MEMBER EXPERIENCE Officer | 45 | $193,549 | $18,070 |
| JENNIFER BROWNING | ACUIS PROGRAM MANAGER Highest-paid employee | 45 | $185,449 | $24,156 |
| AJAYKUMAR GUPTA | AVP OF NETWORK ADMINISTRATION Highest-paid employee | 45 | $166,445 | $21,775 |
| JOHN EDINGTON | COMMERCIAL LENDING MANAGER Highest-paid employee | 45 | $145,440 | $22,459 |
| REBA ESSARY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CASEY TAYLOR | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| CHARLOTTE HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNNE APRIL | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| MARK NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCUS JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS WEST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT RILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON DULEK | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| LISA EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 910 PROFESSIONAL PLZ, TUSCALOOSA, AL 35401-2002
- In care of
- % STEVE SWOFFORD
- Principal officer (990 for 2024)
- STEPHEN K SWOFFORD, PO BOX 862998, TUSCALOOSA, AL 35486
- Signed the 990
- STEPHEN K SWOFFORD, PRESIDENT
- Phone
- (205) 469-5944
- Website
- WWW.ALABAMACU.COM
- Return prepared by
- BMSS LLC
Mission
TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS
Program accomplishments
- 146,856 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 63-0440014
- 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
- Group exemption
- 1422: ALABAMA CREDIT UNION ADMINISTRATION
- Assets (IRS master file)
- $1,953,300,236
- Income (IRS master file)
- $143,295,806
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $143,233,716 | $131,954,975 | $1,953,300,236 | IRS |
| 990 | December 2023 | $106,263,577 | $101,381,357 | $1,922,294,287 | XML |
| 990 | December 2022 | $76,294,666 | $63,024,332 | $1,640,689,087 | 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 63-0440014).
Questions about ALABAMA CREDIT UNION
- What is the EIN of ALABAMA CREDIT UNION?
- The employer identification number (EIN) of ALABAMA CREDIT UNION is 63-0440014.
- Is ALABAMA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1941.
- Are donations to ALABAMA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALABAMA 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 ALABAMA 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 ALABAMA 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 ALABAMA CREDIT UNION?
- The 990 for the year ended December 31, 2024 names STEPHEN K SWOFFORD.
- Who are the officers and directors of ALABAMA CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 26 people; 15 received compensation from the organization, the highest $566,046 (STEPHEN K SWOFFORD, CEO).
- How much revenue does ALABAMA CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $143,233,716, expenses of $131,954,975 and total assets of $1,953,300,236 at year end.
Other nonprofits in TUSCALOOSA
- ALABAMA ONE CREDIT UNION EIN 63-0353833 · last filed 990 for 2024
- WEST ALABAMA AIDS OUTREACH INC EIN 63-0995963 · last filed 990 for 2025
- CAPSTONE HEALTH SERVICES FOUNDATION P C EIN 63-0810661 · last filed 990 for 2025
- WHATLEY HEALTH SERVICES INC EIN 63-0727781 · last filed 990 for 2024
- STILLMAN COLLEGE EIN 63-0315935 · last filed 990 for 2025
- COMMUNITY SERVICE PROGRAMS OF WEST ALABAMA INC EIN 63-0671915 · last filed 990 for 2025
- COMMUNITY FOUNDATION OF WEST ALABAMA EIN 63-1225003 · last filed 990 for 2025
- FILTER OF HOPE INC EIN 37-1751688 · last filed 990 for 2025