Totals
- Total revenue
- $83,393,539
- Total expenses
- $76,035,896
- Contributions and grants received
- $0
- Grants paid
- $15,000
- Program service revenue
- $53,293,292
- Investment income
- $6,270,911
- Other revenue
- $23,829,336
- Total assets, end of year
- $1,043,596,288
- Total liabilities, end of year
- $953,464,409
- Net assets or fund balances, end of year
- $90,131,879
- 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 $53,293,292 · related or exempt $53,293,292
-
3 · Investment income
total $6,400,551 · excluded $6,400,551
-
5 · Royalties
total $122,768 · excluded $122,768
-
7a · Gross sales of assets other than inventory
other assets $2,501,021
-
7b · Less cost or other basis and sales expenses
other assets $2,630,661
-
7c · Gain or loss
other assets -$129,640
-
7d · Net gain or loss
total -$129,640 · excluded -$129,640
-
11a · Other revenue: ACCOUNT, LOAN, AND INTERCHANGE FE
total $18,700,831 · related or exempt $18,700,831
-
11b · Other revenue: OTHER OPERATING INCOME
total $2,337,212 · related or exempt $2,337,212
-
11c · Other revenue: MTG LOAN ORIG FEES BUSINESS ACCOU
total $1,364,374 · related or exempt $1,364,374
-
11d · All other revenue
total $1,304,151 · related or exempt $1,045,046 · unrelated business $259,105
-
11e · Other revenue, total
$23,706,568
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,000
-
5 · Compensation of officers, directors and key employees
total $2,174,199
-
7 · Other salaries and wages
total $15,587,302
-
8 · Pension plan contributions
total $1,162,148
-
9 · Other employee benefits
total $4,731,135
-
10 · Payroll taxes
total $1,179,524
-
11b · Fees: legal
total $67,320
-
11c · Fees: accounting
total $121,404
-
12 · Advertising and promotion
total $1,514,810
-
13 · Office expenses
total $1,910,960
-
14 · Information technology
total $1,207,223
-
16 · Occupancy
total $869,410
-
17 · Travel
total $239,195
-
19 · Conferences, conventions and meetings
total $592,536
-
20 · Interest
total $22,617,101
-
22 · Depreciation, depletion and amortization
total $2,674,201
-
23 · Insurance
total $345,492
-
24a · Other expenses: CHECK AND LOAN SERVICIN
total $9,957,697
-
24b · Other expenses: BAD DEBTS
total $5,800,000
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $2,191,391
-
24d · Other expenses: OTHER EXPENSES-PROGSERV
total $310,406
-
24e · All other expenses
total $767,442
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,017,176 · end of year $15,987,782
-
2 · Savings and temporary cash investments
beginning of year $93,601,065 · end of year $98,198,695
-
5 · Loans and receivables from officers and key people
beginning of year $2,584,039 · end of year $2,614,273
-
7 · Other notes and loans receivable
beginning of year $774,776,325 · end of year $849,601,063
-
9 · Prepaid expenses and deferred charges
beginning of year $4,343,358 · end of year $4,269,067
-
10a · Land, buildings and equipment: cost or other basis
$51,330,014
-
10b · Land, buildings and equipment: accumulated depreciation
$23,793,004
-
10c · Land, buildings and equipment, net
beginning of year $24,983,161 · end of year $27,537,010
-
11 · Investments: publicly traded securities
beginning of year $27,057,842 · end of year $10,754,373
-
13 · Investments: program-related
beginning of year $587,281 · end of year $1,587,281
-
15 · Other assets
beginning of year $24,852,348 · end of year $33,046,744
-
17 · Accounts payable and accrued expenses
beginning of year $16,624,621 · end of year $12,072,398
-
23 · Secured mortgages and notes payable
beginning of year $59,900,000 · end of year $59,900,000
-
25 · Other liabilities
beginning of year $806,003,907 · end of year $881,492,011
-
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 $83,274,067 · end of year $90,131,879
Mission and programs · 2024
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
-
76,476 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS
As filed on the 2024 return.
Listed in Part VII
-
Lp WilliamsonLP WILLIAMSON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Bill WillardBILL WILLARD
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Hacky JaggersHACKY JAGGERS
SECRETARY
- Total calculated
- $1,116
- From this org
- $1,116
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Wally BurnsWALLY BURNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Randel MountainRANDEL MOUNTAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ronnie ReedRONNIE REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James WilkesJAMES WILKES
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Danny VarnonDANNY VARNON
PRESIDENT/CEO
- Total calculated
- $625,453
- From this org
- $567,097
- From related orgs
- $0
- Other
- $58,356
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $491,897
- Bonus
- $75,200
- Other
- $0
- Deferred
- $25,013
- Nontaxable benefits
- $33,343
- Filer's total
- $625,453
-
Deborah GrayDEBORAH GRAY
CHIEF FINANCIAL OFFICER
- Total calculated
- $364,171
- From this org
- $303,179
- From related orgs
- $0
- Other
- $60,992
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $265,514
- Bonus
- $37,665
- Other
- $0
- Deferred
- $22,384
- Nontaxable benefits
- $38,608
- Filer's total
- $364,171
-
Robert RayburnROBERT RAYBURN
CHIEF LENDING OFFICER
- Total calculated
- $338,248
- From this org
- $283,478
- From related orgs
- $0
- Other
- $54,770
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $245,748
- Bonus
- $37,730
- Other
- $0
- Deferred
- $20,880
- Nontaxable benefits
- $33,890
- Filer's total
- $338,248
-
Curtis LetsonCURTIS LETSON
EXECUTIVE VICE PRESIDENT
- Total calculated
- $408,371
- From this org
- $341,487
- From related orgs
- $0
- Other
- $66,884
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $303,827
- Bonus
- $37,660
- Other
- $0
- Deferred
- $24,992
- Nontaxable benefits
- $41,892
- Filer's total
- $408,371
-
Jonathan RolandJONATHAN ROLAND
CHEIF INFORMATION OFFICER
- Total calculated
- $227,104
- From this org
- $169,364
- From related orgs
- $0
- Other
- $57,740
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $159,269
- Bonus
- $10,095
- Other
- $0
- Deferred
- $12,475
- Nontaxable benefits
- $45,265
- Filer's total
- $227,104
-
Lesli BishopLESLI BISHOP
CHIEF MARKETING OFFICER
- Total calculated
- $210,852
- From this org
- $167,796
- From related orgs
- $0
- Other
- $43,056
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $157,606
- Bonus
- $10,190
- Other
- $0
- Deferred
- $12,458
- Nontaxable benefits
- $30,598
- Filer's total
- $210,852
-
Amy JacksonAMY JACKSON
MORTGAGE SERVICES DIRECTOR
- Total calculated
- $377,155
- From this org
- $323,058
- From related orgs
- $0
- Other
- $54,097
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $40,695
- Bonus
- $282,363
- Other
- $0
- Deferred
- $23,651
- Nontaxable benefits
- $30,446
- Filer's total
- $377,155
-
John RiddleJOHN RIDDLE
COMMERCIAL LENDER
- Total calculated
- $759,017
- From this org
- $725,187
- From related orgs
- $0
- Other
- $33,830
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $240,813
- Bonus
- $484,374
- Other
- $0
- Deferred
- $25,012
- Nontaxable benefits
- $8,818
- Filer's total
- $759,017
-
Marcie RiddleMARCIE RIDDLE
DIRECTOR OF BUSINESS SERVI
- Total calculated
- $247,264
- From this org
- $161,462
- From related orgs
- $0
- Other
- $85,802
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $140,087
- Bonus
- $21,375
- Other
- $0
- Deferred
- $11,820
- Nontaxable benefits
- $73,982
- Filer's total
- $247,264
-
Brandon HesterBRANDON HESTER
COMMERICAL LOAN UNDERWRITER
- Total calculated
- $155,781
- From this org
- $124,571
- From related orgs
- $0
- Other
- $31,210
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $123,246
- Bonus
- $1,325
- Other
- $0
- Deferred
- $9,218
- Nontaxable benefits
- $21,992
- Filer's total
- $155,781
-
Chelsea McCaryCHELSEA MCCARY
COMMERCIAL LOAN ASSISTANT
- Total calculated
- $228,468
- From this org
- $182,904
- From related orgs
- $0
- Other
- $45,564
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $53,588
- Bonus
- $129,316
- Other
- $0
- Deferred
- $13,393
- Nontaxable benefits
- $32,171
- Filer's total
- $228,468
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
- 1a · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- FAMILY SAVINGS CREDIT UNION PROVIDES ALL VOLUNTEERS NUMBERING 12 IN TOTAL WITH A $700 STIPEND AS AN INSURANCE ALLOWANCE JANUARY TO MARCH 2024.
- PART I, LINE 4B
- THE FOLLOWING PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DANNY VARNON DEBORAH GRAY ROBERT RAYBURN FRANKIE LETSON
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
FAMILY SAVINGS SERVICES LLC
FINANCIAL SERVICES · AL · income $0 · assets $291,981
Directly controlled by FAMILY SAVINGS CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523119349302797
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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