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Alabama Credit Union Administration

Not tax-deductible

Opp, ALMutual-benefit / member-servingSince 1954Mutual / membership EIN 63-0337813Revenue $528K in FY2025

On file with the IRSPo Box 70, 36467-0070 · Opp, ALTax-exempt since Dec 1972

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Promoting thrift among its members and providing a source of Credit for them at legitimate interest rates.

100¢ of each $1 spent went to programs.
Run by 11 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $95K a year · 21% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Plus $7.0M in investments, Pt X · Ln 11–13
Looks good: 15.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.7M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$528K
-8% vs prior year
Spent
$580K
To programs
100%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$528K
FY2025▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$396K
FY2021$289K
FY2022$323K
FY2023$581K
FY2024$571K
FY2025$528K
Expenses
$580K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$491K
FY2021$501K
FY2022$502K
FY2023$570K
FY2024$614K
FY2025$580K
Net assets
$2.7M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$2.9M
FY2022$2.7M
FY2023$2.8M
FY2024$2.7M
FY2025$2.7M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $580K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation
$120,359Pt VII · Sec A
$50,110Pt VII · Sec A
Danny F Faulk
Board President
$0Pt VII · Sec A
Chris Lawrence
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Nathan Stoudmire
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Deborah Dean$120,359$115,988$111,768$106,426$103,856$102,689
Kyler Frazier$50,110$75,165$75,165$75,165$75,165$75,536

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Alabama Credit Union Administration executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps members save money and borrow responsibly at fair interest rates.

Questions for Alabama Credit Union Administration

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Your first name shows with your question. Alabama Credit Union Administration answers here, for everyone.

Provided by the organization

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1 program · $580K · in their own filed words · FY2025
01

Code of alabama, sec. 5-17-1, 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.

$580Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$528K
Ln 12
Investment incomeLn 3$315K
Fees for servicesLn 2g$195K
Other incomeLn 4–11$17K
Money outPt IX
$580K
Ln 25
Programscol B$580K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$751K
Total assetsLn 16$10.4M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$195K
Investment incomeLn 3$315K
Other incomeLn 4–11$17K
Total revenueLn 12$528K
Assets in detailPt X, end of year
CashLn 1$147K
SavingsLn 2$604K
Cash and savings togetherLn 1–2$751K
InvestmentsLn 11–13$7.0M
Land, buildings, equipmentLn 10c$181K
Total assetsLn 16$10.4M
LiabilitiesLn 26$7.7M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 54
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$751K
InvestmentsLn 11–13$6.8M$7.0M
Land, buildings, equipmentLn 10c$192K$181K
Total assetsLn 16$10.9M$10.4M
LiabilitiesLn 26$8.2M$7.7M
Net assetsLn 32$2.7M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$85K
Other salaries and wagesLn 7$261K
Pension plan contributionsLn 8$42K
Other employee benefitsLn 9$23K
Payroll taxesLn 10$21K
Accounting feesLn 11c$6K
Advertising and promotionLn 12$3K
Office expensesLn 13$53K
Information technologyLn 14$33K
OccupancyLn 16$18K
Conferences, conventions and meetingsLn 19$1K
Depreciation, depletion and amortizationLn 22$12K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$6K
Total functional expensesLn 25$580K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $528K$580K−$53K$2.7M 990 PDF
FY2024 $571K$614K−$43K$2.7M 990 PDF
FY2023 $581K$570K$11K$2.8M 990 PDF
FY2022 $323K$502K−$179K$2.7M 990 PDF
FY2021 $289K$501K−$212K$2.9M 990 PDF
FY2020 $396K$491K−$95K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $527,632 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $201,865$195,494
I-10 Investment incomePrior year $354,335$314,983
I-11 Other revenuePrior year $14,405$17,155
I-12 Total revenuePrior year $570,605$527,632
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $97,603$84,788
I-15 Salaries and benefitsPrior year $366,717$346,557
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $149,388$149,031
I-18 Total expensesPrior year $613,708$580,376
I-19 Revenue less expensesPrior year −$43,103−$52,744
Part VI · Governance 2 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $527,632 across 6 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $195,494 · Unrelated business $0 · Excluded from tax $0$195,494
VIII-3 Investment incomeRelated to mission $314,983 · Unrelated business $0 · Excluded from tax $0$314,983
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,155 · Unrelated business $0 · Excluded from tax $0$17,155
VIII-12 Total revenueRelated to mission $527,632 · Unrelated business $0 · Excluded from tax $0$527,632
Part IX · Statement of functional expenses $580,376 across 14 lines filed
IX-4 Benefits paid to or for members$84,788
IX-7 Other salaries and wages$261,013
IX-8 Pension plan contributions$41,954
IX-9 Other employee benefits$22,950
IX-10 Payroll taxes$20,640
IX-11c Accounting fees$6,500
IX-12 Advertising and promotion$2,834
IX-13 Office expenses$53,020
IX-14 Information technology$33,458
IX-16 Occupancy$17,647
IX-19 Conferences, conventions and meetings$1,131
IX-22 Depreciation, depletion and amortization$12,383
IX-23 Insurance$16,089
IX-24 Other expenses (24a–d)$5,969
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$580,376
Part X · Balance sheet $10,360,171 assets, 11 lines filed
Asset lines not itemized here account for $2,378,644; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $189,294$146,869
X-2 Savings and temporary cash investmentsStart of year $962,888$603,881
X-9 Prepaid expenses and deferred chargesStart of year $37,964$35,904
X-10c Land, buildings and equipment, netStart of year $192,010$180,957
X-12 Other securitiesStart of year $6,818,951$7,013,916
X-16 Total assetsStart of year $10,883,206$10,360,171
X-17 Accounts payable and accrued expensesStart of year $34,925$28,353
X-25 Other liabilitiesStart of year $8,135,820$7,672,101
X-26 Total liabilitiesStart of year $8,170,745$7,700,454
X-32 Total net assets or fund balancesStart of year $2,712,461$2,659,717
X-33 Total liabilities and net assetsStart of year $10,883,206$10,360,171
Part XI · Reconciliation of net assets $2,659,717 net assets at year end
XI-1 Total revenue$527,632
XI-2 Total expenses$580,376
XI-3 Revenue less expenses−$52,744
XI-4 Net assets at start of year$2,712,461
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,659,717

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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