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Nonprofit · EIN 63-0476332

RED OAK CREDIT UNION

Tax-exempt · TUSCALOOSA, AL 35404

Financials

$2.5M$2.7M2023$2.7M$3.3M2024$2.7M$3.4M2025
Revenue Expenses · by fiscal year end
Financials of RED OAK CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,684,829$3,356,828-$671,999$41,064,206$39,450,111$1,614,095
December 31, 2024990$2,685,782$3,335,071-$649,289$43,943,621$42,305,673$1,637,948
December 31, 2023990$2,466,461$2,714,058-$247,597$43,079,437$41,238,351$1,841,086
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,810,953
Investment income
$462,646
Other revenue
$411,230

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$538,796
Salaries, compensation and benefits (total)
$652,574
Professional fundraising fees
$0
Occupancy
$179,584
Management and general (functional)
$3,356,828

Balance sheet and other

Total assets, start of year
$43,943,621
Total assets, end of year
$41,064,206
Total liabilities, end of year
$39,450,111
Net assets, end of year
$1,614,095
Land, buildings and equipment
$1,851,941
Gross receipts
$2,684,829
Employees
9
Volunteers
9
Year formed
1955
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.

NameTitleHours / weekCompensation
SUSAN DOWDLEBOARD TREASU
Trustee or director
1$0
LINDA FORTEBOARD SECRET
Trustee or director
1$0
BEN HORTONBOARD VICE C
Trustee or director
1$0
GREGORY MADRIDBOARD MEM
Trustee or director
1$0
SAMMY WATSONBOARD MEM
Trustee or director
1$0
MICHAEL WILSONBOARD CHAIR
Trustee or director
1$0
TAMATHA ANTHONYSC MEM
Officer
1$0
BOBBIE GARNERBOARD MEM
Officer
1$0
IRIS ROBERTSONSC CHAIR
Officer
1$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
SHEP LOWERYPRESIDENT/CE
Officer
40$123,500$24,820
SUSAN DOWDLEBOARD TREASU
Trustee or director
1$0$0
LINDA FORTEBOARD SECRET
Trustee or director
1$0$0
BEN HORTONBOARD VICE C
Trustee or director
1$0$0
GREGORY MADRIDBOARD MEM
Trustee or director
1$0$0
SAMMY WATSONBOARD MEM
Trustee or director
1$0$0
MICHAEL WILSONBOARD CHAIR
Trustee or director
1$0$0
TAMATHA ANTHONYSC MEM
Officer
1$0$0
BOBBIE GARNERBOARD MEM
Officer
1$0$0
IRIS ROBERTSONSC CHAIR
Officer
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
SHEP LOWERYPRESIDENT/CE
Officer
40$130,785$26,500
SUSAN DOWDLEBOARD TREASU
Trustee or director
1$0$0
LINDA FORTEBOARD SECRET
Trustee or director
1$0$0
BEN HORTONBOARD VICE C
Trustee or director
1$0$0
GREGORY MADRIDBOARD MEM
Trustee or director
1$0$0
SAMMY WATSONBOARD MEM
Trustee or director
1$0$0
MICHAEL WILSONBOARD CHAIR
Trustee or director
1$0$0
TAMATHA ANTHONYSC MEM
Officer
1$0$0
BOBBIE GARNERBOARD MEM
Officer
1$0$0
IRIS ROBERTSONSC CHAIR
Officer
1$0$0

Address and contacts

Address (IRS master file)
1008 VETERANS MEMORIAL PKWY, TUSCALOOSA, AL 35404-5811
In care of
% DAPHNE NEWELL
Principal officer (990 for 2025)
DAPHNE NEWELL, 1008 VETERANS MEMORIAL PKWY, TUSCALOOSA, AL 35404
Signed the 990
DAPHNE NEWELL, PRESIDENT/CEO
Phone
(205) 759-1371
Return prepared by
CREDIT UNION AUDIT GROUP

Mission

CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 4,629 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
    Expenses $2,854,425
  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
    Expenses $475,403

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
63-0476332
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$41,064,206
Income (IRS master file)
$2,684,829

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,684,829$3,356,828$41,064,206XML
990December 2024$2,685,782$3,335,071$43,943,621IRS
990December 2023$2,466,461$2,714,058$43,079,437XML
990December 2022$2,234,656$2,156,522$40,895,274IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 63-0476332).

Questions about RED OAK CREDIT UNION

What is the EIN of RED OAK CREDIT UNION?
The employer identification number (EIN) of RED OAK CREDIT UNION is 63-0476332.
Is RED OAK CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
Are donations to RED OAK CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does RED OAK 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 RED OAK 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 RED OAK 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 RED OAK CREDIT UNION?
The 990 for the year ended December 31, 2025 names DAPHNE NEWELL.
Who are the officers and directors of RED OAK CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does RED OAK CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,684,829, expenses of $3,356,828 and total assets of $41,064,206 at year end.

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