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Nonprofiteer
← MOBILE EDUCATORS CREDIT UNION

Form 990 for tax year 2025

Filed by MOBILE EDUCATORS CREDIT UNION.

Totals

Total revenue
$4,682,184
Total expenses
$3,317,215
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,682,184
Investment income
$0
Other revenue
$0
Total assets, end of year
$110,446,183
Total liabilities, end of year
$96,616,275
Net assets or fund balances, end of year
$13,829,908
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$3,317,214

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: INCOME FROM INVESTMENT

    total $2,833,863 · related or exempt $2,833,863

  • 2b · Program service revenue: FINANCIAL SERVICES FEE

    total $1,042,437 · related or exempt $1,034,834 · unrelated business $7,603

  • 2c · Program service revenue: INTEREST ON LOANS

    total $805,884 · related or exempt $805,884

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $326,468

  • 7 · Other salaries and wages

    total $686,332

  • 8 · Pension plan contributions

    total $21,170

  • 9 · Other employee benefits

    total $149,057

  • 10 · Payroll taxes

    total $79,876

  • 11b · Fees: legal

    total $12,123

  • 11c · Fees: accounting

    total $42,000

  • 11g · Fees: other

    total $24,143

  • 12 · Advertising and promotion

    total $13,461

  • 13 · Office expenses

    total $222,417

  • 16 · Occupancy

    total $213,903

  • 17 · Travel

    total $2,744

  • 19 · Conferences, conventions and meetings

    total $3,247

  • 20 · Interest

    total $16

  • 22 · Depreciation, depletion and amortization

    total $135,675

  • 23 · Insurance

    total $56,232

  • 24a · Other expenses: COST OF FINANCIAL SERVI

    total $757,538

  • 24b · Other expenses: MEMBER SHARES DIVIDENDS

    total $337,395

  • 24c · Other expenses: MISCELLANEOUS

    total $69,358

  • 24d · Other expenses: PROVISIONS AND WRITE-OF

    total $61,139

  • 24e · All other expenses

    total $102,921

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,192,146 · end of year $1,442,370

  • 4 · Accounts receivable

    beginning of year $17,181 · end of year $29,514

  • 7 · Other notes and loans receivable

    beginning of year $15,626,120 · end of year $13,913,375

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,219 · end of year $78,049

  • 10a · Land, buildings and equipment: cost or other basis

    $5,250,893

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,128,334

  • 10c · Land, buildings and equipment, net

    beginning of year $3,236,872 · end of year $3,122,559

  • 13 · Investments: program-related

    beginning of year $87,330,653 · end of year $90,254,778

  • 15 · Other assets

    beginning of year $1,612,451 · end of year $1,605,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $603,736 · end of year $334,763

  • 25 · Other liabilities

    beginning of year $96,293,801 · end of year $96,281,512

  • 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 $12,210,105 · end of year $13,829,908

Mission and programs · 2025

Mission

THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST.

Activities or mission (Part I)

THE CREDIT UNION IS A FINANCIAL COOPERATIVE SERVICING A SELECT FIELD OF MEMBERSHIP FOR THE PURPOSE OF PROVIDING FINANCIAL SERVICES TO ITS MEMBERS.

  • 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. MOBILE EDUCATORS CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO PRIMARILY WORK IN VARIOUS SCHOOLS AND UNIVERSITIES IN MOBILE COUNTY AND BALDWIN COUNTY, ALABAMA. AS OF DECEMBER 31, 2025, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 8,215 MEMBERS.

    Expenses $3,317,214

As filed on the 2025 return.

Listed in Part VII

  • Christine Nassar

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Howell

    BOARD VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • D Lloyd Scott

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Smith

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mildred Blass

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Desiree Duke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shelia Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eveline Dennis

    SUPERVISORY COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Virginia Sue Smith

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Scarbrough

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tina B Williams

    PRESIDENT/CEO

    Total calculated
    $207,566
    From this org
    $187,209
    From related orgs
    $0
    Other
    $20,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,259
    Bonus
    $6,950
    Other
    $0
    Deferred
    $9,013
    Nontaxable benefits
    $11,344
    Filer's total
    $207,566

  • Jason Singley

    VP OPERATIONS & COMPLIANCE

    Total calculated
    $118,903
    From this org
    $104,706
    From related orgs
    $0
    Other
    $14,197
    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 · Compensation committee
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
19 August 2026
IRS schema version
2025v4.2
Source object
202632539349301883

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