Totals
- Total revenue
- $4,362,568
- Total expenses
- $3,837,714
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,362,568
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $78,709,342
- Total liabilities, end of year
- $72,893,172
- Net assets or fund balances, end of year
- $5,816,170
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $3,837,714
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: INTEREST ON LOANS
total $2,351,369 · related or exempt $2,351,369
-
2b · Program service revenue: FINC SVCS FEE/MISC INC
total $1,501,704 · related or exempt $1,425,494 · unrelated business $76,210
-
2c · Program service revenue: INVESTMENTS
total $509,495 · related or exempt $509,495
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $350,668
-
7 · Other salaries and wages
total $860,074
-
8 · Pension plan contributions
total $23,858
-
9 · Other employee benefits
total $125,841
-
10 · Payroll taxes
total $86,262
-
11b · Fees: legal
total $23,440
-
11c · Fees: accounting
total $48,531
-
12 · Advertising and promotion
total $82,108
-
13 · Office expenses
total $50,098
-
16 · Occupancy
total $180,120
-
17 · Travel
total $32,783
-
22 · Depreciation, depletion and amortization
total $160,947
-
23 · Insurance
total $53,784
-
24a · Other expenses: OTHER PROFESSIONAL AND
total $841,066
-
24b · Other expenses: FINANCIAL SERVICES
total $356,283
-
24c · Other expenses: MEMBER DIVIDENDS/INTERE
total $241,015
-
24d · Other expenses: PROVISION FOR LOAN LOSS
total $110,000
-
24e · All other expenses
total $210,836
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,070,140 · end of year $1,026,398
-
2 · Savings and temporary cash investments
beginning of year $7,578,160 · end of year $7,306,806
-
7 · Other notes and loans receivable
beginning of year $36,523,619 · end of year $42,007,545
-
9 · Prepaid expenses and deferred charges
beginning of year $180,681 · end of year $374,861
-
10a · Land, buildings and equipment: cost or other basis
$3,912,768
-
10b · Land, buildings and equipment: accumulated depreciation
$1,018,971
-
10c · Land, buildings and equipment, net
beginning of year $2,937,459 · end of year $2,893,797
-
13 · Investments: program-related
beginning of year $29,106,382 · end of year $21,438,103
-
15 · Other assets
beginning of year $3,874,283 · end of year $3,661,832
-
17 · Accounts payable and accrued expenses
beginning of year $565,317 · end of year $1,270,626
-
25 · Other liabilities
beginning of year $72,626,710 · end of year $71,622,546
-
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 $8,078,697 · end of year $5,816,170
Mission and programs · 2022
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.
Activities or mission (Part I)
COOPERATIVE CREDIT UNION
-
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. JEFFERSON CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY EMPLOYEES, AND THEIR RELATIVES, OF JEFFERSON COUNTY, ALABAMA MUNICIPALITY. AS OF DECEMBER 31, 2022, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 7,137 MEMBERS.
Expenses $3,837,714
As filed on the 2022 return.
Listed in Part VII
-
Patrick NicovichPATRICK NICOVICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracie HodgeTRACIE HODGE
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Carl JohnsonCARL JOHNSON
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan ShortsJONATHAN SHORTS
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Daren LanierDAREN LANIER
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Barry StephensonBARRY STEPHENSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles KnightCHARLES KNIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christopher WillisCHRISTOPHER WILLIS
SUPERVISORY COMMITTEE MEMB
- Total calculated
- $0
- Hours/week
- 1
-
Leonard GedgoudasLEONARD GEDGOUDAS
SUPERVISORY COMMITTEE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Pamela BillupsPAMELA BILLUPS
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard MorrisRICHARD MORRIS
PRESIDENT/CEO
- Total calculated
- $166,473
- From this org
- $132,045
- From related orgs
- $0
- Other
- $34,428
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,045
- Bonus
- $0
- Other
- $0
- Deferred
- $34,060
- Nontaxable benefits
- $368
- Filer's total
- $166,473
-
Patti BurtPATTI BURT
VP OF FINANCE/CFO
- Total calculated
- $126,026
- From this org
- $101,098
- From related orgs
- $0
- Other
- $24,928
- Hours/week
- 40
-
Lisa CooperLISA COOPER
OPERATIONS OFFICER
- Total calculated
- $58,169
- From this org
- $52,985
- From related orgs
- $0
- Other
- $5,184
- Hours/week
- 40
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
- 3 · Independent compensation consultant
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349311042
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.