Nonprofit · EIN 63-6046132
EMBLEM CREDIT UNION
Tax-exempt · GADSDEN, AL 35901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $33,680,669 | $30,233,481 | $3,447,188 | $566,922,579 | $513,313,521 | $53,609,058 |
| December 31, 2023 | 990 | $28,308,124 | $24,087,717 | $4,220,407 | $531,369,874 | $482,361,594 | $49,008,280 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $33,680,669
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $121,018
- Compensation of officers, directors and key employees
- $1,040,843
- Other salaries and wages
- $5,490,212
- Salaries, compensation and benefits (total)
- $8,957,751
- Professional fundraising fees
- $0
- Legal fees
- $129,861
- Accounting fees
- $224,453
- Occupancy
- $761,888
- Depreciation
- $680,379
Balance sheet and other
- Total assets, start of year
- $531,369,874
- Total assets, end of year
- $566,922,579
- Total liabilities, end of year
- $513,313,521
- Net assets, end of year
- $53,609,058
- Land, buildings and equipment
- $10,356,037
- Gross unrelated business income
- $61,869
- Gross receipts
- $33,680,669
- Employees
- 111
- Volunteers
- 10
- Year formed
- 1959
- 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 |
|---|---|---|---|---|
| RON SUMMERALL | PRESIDENT/CEO - RETIRED DECEMBER 2024 Officer | 40 | $697,266 | $66,970 |
| JD HOLT | FINANCIAL ADVISOR Highest-paid employee | 40 | $446,725 | $82,639 |
| JEFF NAPPER | VICE PRESIDENT/CFO, CEO - STARTING JANUARY 2025 Officer | 40 | $225,574 | $46,940 |
| GINA CHAMBERS | VP, OPERATIONS Highest-paid employee | 40 | $161,216 | $46,429 |
| PAM BOOZER | ASSISTANT VP, HR DIRECTOR Highest-paid employee | 40 | $129,809 | $35,286 |
| MIKE SELF | VP, BUSINESS SERVICES Highest-paid employee | 40 | $115,991 | $36,261 |
| RACHEL YOUNG | VP, CONSUMER LENDING Highest-paid employee | 40 | $108,009 | $38,522 |
| DANNY L GOLDEN | SUPERVISORY COMMITTEE MBR Trustee or director | 1 | $0 | $2,434 |
| DR RONALD T MOSLEY | SUPERVISORY COMMITTEE CHAIR Trustee or director | 1 | $0 | $1,415 |
| TONY REDDICK | BOARD MEMBER Trustee or director | 1 | $0 | $244 |
| DR MARTHA LAVENDER | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| SONNY KIRBY | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| DR TONY J CATANZARO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH SAWYER | BOARD SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| EMILY H MILLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD W BILL LOWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| SABRINA BEVIS | SUPERVISORY COMMITTEE MBR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RON SUMMERALL | PRESIDENT/CEO Officer | 40 | $1,421,257 | $33,903 |
| JD HOLT | FINANCIAL ADVISOR Highest-paid employee | 40 | $433,988 | $59,178 |
| JEFF NAPPER | VICE-PRESIDENT/CFO Officer | 40 | $196,617 | $26,362 |
| MIKE SELF | VICE PRESIDENT Highest-paid employee | 40 | $172,251 | $41,997 |
| GINA CHAMBERS | VICE PRESIDENT Highest-paid employee | 40 | $156,352 | $32,362 |
| JOEY CLARK | VICE PRESIDENT Highest-paid employee | 40 | $126,098 | $30,386 |
| DANNY L GOLDEN | SUPERVISORY COMMITTEE MBR Trustee or director | 1 | $0 | $2,285 |
| DR RONALD T MOSLEY | SUPERVISORY COMMITTEE CHAIR Trustee or director | 1 | $0 | $1,267 |
| TONY REDDICK | BOARD MEMBER Trustee or director | 1 | $0 | $262 |
| DR MARTHA LAVENDER | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| CHUCK RODEN | BOARD MEMBER THRU FEB 2023 Trustee or director | 1 | $0 | $0 |
| SONNY KIRBY | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| DR TONY J CATANZARO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH SAWYER | BOARD SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| JOAN LEE | SUPERVISORY COMMITTEE THRU FEB 2023 Trustee or director | 1 | $0 | $0 |
| EMILY H MILLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RONALD W BILL LOWMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SABRINA BEVIS | SUPERVISORY COMMITTEE MBR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 702 WALNUT ST, GADSDEN, AL 35901-4139
- In care of
- % JEFF NAPPER
- Principal officer (990 for 2024)
- JEFF NAPPER, 702 WALNUT STREET, GADSDEN, AL 35901
- Signed the 990
- JEFF NAPPER, CFO
- Phone
- (256) 543-7040
- Website
- WWW.EMBLEMCU.COM
- Return prepared by
- PEARCE BEVILL LEESBURG MOORE PC
Mission
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.
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. ALABAMA TEACHERS CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE THESE SERVICES TO ITS MEMBERS WHO ARE EMPLOYEES, AND THEIR RELATIVES, OF THE PUBLIC SCHOOLS LOCATED IN ETOWAH, DEKALB, MARSHALL, CHEROKEE, AND CALHOUN COUNTIES. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2024, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 30,573 MEMBERS.Expenses $30,233,481
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
- 63-6046132
- 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
- Group exemption
- 1422: ALABAMA CREDIT UNION ADMINISTRATION
- Assets (IRS master file)
- $566,922,579
- Income (IRS master file)
- $33,680,669
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $33,680,669 | $30,233,481 | $566,922,579 | IRS |
| 990 | December 2023 | $28,308,124 | $24,087,717 | $531,369,874 | XML |
| 990 | December 2022 | $23,248,388 | $18,657,736 | $479,200,439 | 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 63-6046132).
Questions about EMBLEM CREDIT UNION
- What is the EIN of EMBLEM CREDIT UNION?
- The employer identification number (EIN) of EMBLEM CREDIT UNION is 63-6046132.
- Is EMBLEM CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
- Are donations to EMBLEM CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EMBLEM 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 EMBLEM 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 EMBLEM 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 EMBLEM CREDIT UNION?
- The 990 for the year ended December 31, 2024 names JEFF NAPPER.
- Who are the officers and directors of EMBLEM CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 17 people; 7 received compensation from the organization, the highest $697,266 (RON SUMMERALL, PRESIDENT/CEO - RETIRED DECEMBER 2024).
- How much revenue does EMBLEM CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $33,680,669, expenses of $30,233,481 and total assets of $566,922,579 at year end.
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