Totals
- Total revenue
- $580,572
- Total expenses
- $569,965
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $194,236
- Investment income
- $276,034
- Other revenue
- $110,302
- Total assets, end of year
- $11,597,217
- Total liabilities, end of year
- $8,841,653
- Net assets or fund balances, end of year
- $2,755,564
- Program services expenses (Part IX)
- $569,965
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $569,965
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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 $194,236 · related or exempt $194,236 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $276,034 · related or exempt $276,034 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: FEE INCOME
total $15,474 · related or exempt $15,474 · unrelated business $0 · excluded $0
-
11b · Other revenue: ERC
total $94,828 · related or exempt $94,828 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$110,302
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $56,048 · program services $56,048
-
7 · Other salaries and wages
total $270,909 · program services $270,909
-
8 · Pension plan contributions
total $39,235 · program services $39,235
-
9 · Other employee benefits
total $29,144 · program services $29,144
-
10 · Payroll taxes
total $20,486 · program services $20,486
-
11c · Fees: accounting
total $10,550 · program services $10,550
-
12 · Advertising and promotion
total $4,844 · program services $4,844
-
13 · Office expenses
total $51,902 · program services $51,902
-
14 · Information technology
total $34,285 · program services $34,285
-
16 · Occupancy
total $16,185 · program services $16,185
-
17 · Travel
total $776 · program services $776
-
19 · Conferences, conventions and meetings
total $1,004 · program services $1,004
-
22 · Depreciation, depletion and amortization
total $12,850 · program services $12,850
-
23 · Insurance
total $14,043 · program services $14,043
-
24a · Other expenses: LEAGUE DUES
total $7,704 · program services $7,704 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $277,194 · end of year $123,068
-
2 · Savings and temporary cash investments
beginning of year $485,518 · end of year $578,168
-
7 · Other notes and loans receivable
beginning of year $2,674,273 · end of year $2,581,602
-
9 · Prepaid expenses and deferred charges
beginning of year $26,654 · end of year $38,273
-
10a · Land, buildings and equipment: cost or other basis
$205,226
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $211,443 · end of year $205,226
-
12 · Investments: other securities
beginning of year $8,822,047 · end of year $8,070,880
-
17 · Accounts payable and accrued expenses
beginning of year $9,187 · end of year $39,079
-
25 · Other liabilities
beginning of year $9,742,985 · end of year $8,802,574
-
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 $2,744,957 · end of year $2,755,564
Mission and programs · 2023
Mission
PROMOTING THRIFT AMONG ITS MEMBERS AND PROVIDING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE INTEREST RATES.
Activities or mission (Part I)
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.
-
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.
Expenses $569,965 · Revenue $580,572
As filed on the 2023 return.
Listed in Part VII
-
Deborah DeanDEBORAH DEAN
ASST MANAGER
- Total calculated
- $111,768
- From this org
- $111,768
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kyler FrazierKYLER FRAZIER
MANAGER/BOARD TREASURER
- Total calculated
- $75,165
- From this org
- $75,165
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Danny F FaulkDANNY F FAULK
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Chris LawrenceCHRIS LAWRENCE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Jeffery BoutwellJEFFERY BOUTWELL
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Nathan StoudmireNATHAN STOUDMIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401359349302765
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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