Totals
- Total revenue
- $56,357,889
- Total expenses
- $49,571,185
- Contributions and grants received
- $0
- Grants paid
- $53,995
- Program service revenue
- $35,308,698
- Investment income
- $3,781,618
- Other revenue
- $17,267,573
- Total assets, end of year
- $1,250,063,338
- Total liabilities, end of year
- $1,169,317,671
- Net assets or fund balances, end of year
- $80,745,667
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOAN INTEREST INCOME
total $35,308,698 · related or exempt $35,308,698
-
3 · Investment income
total $4,154,278 · excluded $4,154,278
-
5 · Royalties
total $113,105 · excluded $113,105
-
7a · Gross sales of assets other than inventory
securities $68,397,601 · other assets $10,000,000
-
7b · Less cost or other basis and sales expenses
securities $69,810,804 · other assets $8,959,457
-
7c · Gain or loss
securities -$1,413,203 · other assets $1,040,543
-
7d · Net gain or loss
total -$372,660 · excluded -$372,660
-
11a · Other revenue: OTHER ACCOUNT FEES
total $6,057,874 · related or exempt $6,057,874
-
11b · Other revenue: CREDIT CARD FEES
total $5,689,264 · related or exempt $5,689,264
-
11c · Other revenue: NSF ACCOUNT CHARGES
total $4,736,478 · related or exempt $4,736,478
-
11d · All other revenue
total $670,852 · related or exempt $612,839 · unrelated business $58,013
-
11e · Other revenue, total
$17,154,468
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $53,995
-
5 · Compensation of officers, directors and key employees
total $1,906,176
-
7 · Other salaries and wages
total $16,119,744
-
8 · Pension plan contributions
total $867,829
-
9 · Other employee benefits
total $2,111,035
-
10 · Payroll taxes
total $1,326,821
-
11b · Fees: legal
total $82,368
-
11c · Fees: accounting
total $270,472
-
11g · Fees: other
total $365,280
-
12 · Advertising and promotion
total $1,285,637
-
13 · Office expenses
total $4,093,880
-
14 · Information technology
total $3,343,317
-
16 · Occupancy
total $1,433,763
-
17 · Travel
total $261,045
-
19 · Conferences, conventions and meetings
total $111,798
-
20 · Interest
total $5,606,772
-
22 · Depreciation, depletion and amortization
total $1,829,875
-
23 · Insurance
total $276,016
-
24a · Other expenses: CHECK AND LOAN SERVICIN
total $3,766,505
-
24b · Other expenses: BAD DEBTS
total $1,922,466
-
24c · Other expenses: OTHER OPERATING EXPENSE
total $1,546,860
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $414,879
-
24e · All other expenses
total $574,652
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $51,704,356 · end of year $9,211,735
-
2 · Savings and temporary cash investments
beginning of year $53,958,028 · end of year $60,921,479
-
7 · Other notes and loans receivable
beginning of year $719,288,360 · end of year $939,417,179
-
9 · Prepaid expenses and deferred charges
beginning of year $4,035,146 · end of year $5,101,384
-
10a · Land, buildings and equipment: cost or other basis
$50,198,079
-
10b · Land, buildings and equipment: accumulated depreciation
$16,644,030
-
10c · Land, buildings and equipment, net
beginning of year $32,807,772 · end of year $33,554,049
-
11 · Investments: publicly traded securities
beginning of year $228,888,545 · end of year $168,299,115
-
14 · Intangible assets
beginning of year $2,379,513 · end of year $15,547,528
-
15 · Other assets
beginning of year $14,537,722 · end of year $18,010,869
-
17 · Accounts payable and accrued expenses
beginning of year $3,431,769 · end of year $3,901,540
-
19 · Deferred revenue
beginning of year $1,101,339 · end of year $912,946
-
23 · Secured mortgages and notes payable
beginning of year $10,000,000 · end of year $39,707,670
-
25 · Other liabilities
beginning of year $1,005,912,083 · end of year $1,124,795,515
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $87,154,251 · end of year $80,745,667
Mission and programs · 2022
Mission
TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS.
Activities or mission (Part I)
TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS
-
92,042 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS
As filed on the 2022 return.
Listed in Part VII
-
Terry DavisTERRY DAVIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Deborah GivenDEBORAH GIVEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Linda RuethemannLINDA RUETHEMANN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Roland CoburnROLAND COBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith MillingKEITH MILLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy KillenCINDY KILLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brenda WelbornBRENDA WELBORN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mike JamisonMIKE JAMISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John MorrisJOHN MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda CenculaLINDA CENCULA
CEO
- Total calculated
- $539,953
- From this org
- $474,234
- From related orgs
- $0
- Other
- $65,719
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $435,534
- Bonus
- $38,700
- Other
- $0
- Deferred
- $58,716
- Nontaxable benefits
- $7,003
- Filer's total
- $539,953
-
William R ChancellorWILLIAM R CHANCELLOR
CHIEF LENDING OFFICER
- Total calculated
- $271,682
- From this org
- $223,002
- From related orgs
- $0
- Other
- $48,680
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $216,679
- Bonus
- $6,323
- Other
- $0
- Deferred
- $37,639
- Nontaxable benefits
- $11,041
- Filer's total
- $271,682
-
Stanton DavisSTANTON DAVIS
CHIEF EXPERIENCE & INNOVAT
- Total calculated
- $110,838
- From this org
- $83,537
- From related orgs
- $0
- Other
- $27,301
- Hours/week
- 48
-
Parker SteelePARKER STEELE
CHIEF LEGAL & COMPLIANCE O
- Total calculated
- $251,609
- From this org
- $218,130
- From related orgs
- $0
- Other
- $33,479
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $212,477
- Bonus
- $5,653
- Other
- $0
- Deferred
- $17,220
- Nontaxable benefits
- $16,259
- Filer's total
- $251,609
-
Adrienne BreckenridgeADRIENNE BRECKENRIDGE
CHIEF FINANCIAL OFFICER
- Total calculated
- $245,469
- From this org
- $217,229
- From related orgs
- $0
- Other
- $28,240
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $210,878
- Bonus
- $6,351
- Other
- $0
- Deferred
- $11,981
- Nontaxable benefits
- $16,259
- Filer's total
- $245,469
-
Eric HamERIC HAM
CHIEF INFORMATION OFFICER
- Total calculated
- $242,305
- From this org
- $215,093
- From related orgs
- $0
- Other
- $27,212
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $210,721
- Bonus
- $4,372
- Other
- $0
- Deferred
- $10,953
- Nontaxable benefits
- $16,259
- Filer's total
- $242,305
-
Gayla KuykendallGAYLA KUYKENDALL
SR VICE PRESIDENT OPERATIO
- Total calculated
- $244,319
- From this org
- $180,638
- From related orgs
- $0
- Other
- $63,681
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $176,695
- Bonus
- $3,943
- Other
- $0
- Deferred
- $47,422
- Nontaxable benefits
- $16,259
- Filer's total
- $244,319
-
Steven ThrasherSTEVEN THRASHER
VP MORTGAGE LENDING
- Total calculated
- $256,140
- From this org
- $228,726
- From related orgs
- $0
- Other
- $27,414
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $228,726
- Bonus
- $0
- Other
- $0
- Deferred
- $16,038
- Nontaxable benefits
- $11,376
- Filer's total
- $256,140
-
Cynthia SharpCYNTHIA SHARP
MORTGAGE LOAN OFFICER
- Total calculated
- $223,129
- From this org
- $197,031
- From related orgs
- $0
- Other
- $26,098
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $197,031
- Bonus
- $0
- Other
- $0
- Deferred
- $15,229
- Nontaxable benefits
- $10,869
- Filer's total
- $223,129
-
James DismukesJAMES DISMUKES
AFS PROGRAM MANAGER
- Total calculated
- $329,539
- From this org
- $281,518
- From related orgs
- $0
- Other
- $48,021
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $129,381
- Bonus
- $152,137
- Other
- $0
- Deferred
- $32,003
- Nontaxable benefits
- $16,018
- Filer's total
- $329,539
-
Brandon WatkinsBRANDON WATKINS
VP CARD SERVICES AND PAYME
- Total calculated
- $240,515
- From this org
- $229,350
- From related orgs
- $0
- Other
- $11,165
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $179,350
- Bonus
- $50,000
- Other
- $0
- Deferred
- $9,703
- Nontaxable benefits
- $1,462
- Filer's total
- $240,515
-
Randall PhillipsRANDALL PHILLIPS
VP COMMERCIAL CREDIT
- Total calculated
- $184,460
- From this org
- $160,175
- From related orgs
- $0
- Other
- $24,285
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $155,377
- Bonus
- $4,798
- Other
- $0
- Deferred
- $8,143
- Nontaxable benefits
- $16,142
- Filer's total
- $184,460
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$29,620
GENERAL SUPPORT
-
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · HELPING COMMUNITIES SERVED BY SUPPORTING THEIR FINANCIAL WELL-BEING · AL
Directly controlled by AVADIAN CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343119349302314
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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