Totals
- Total revenue
- $10,075,031
- Total expenses
- $10,847,503
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $10,075,031
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $234,158,502
- Total liabilities, end of year
- $217,675,633
- Net assets or fund balances, end of year
- $16,482,869
- Program services expenses (Part IX)
- $10,847,503
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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 $5,432,838 · related or exempt $5,432,838
-
2b · Program service revenue: INVESTMENT INCOME
total $2,600,053 · related or exempt $2,600,053
-
2c · Program service revenue: FINANCIAL SERVICES INCOME
total $2,042,140 · related or exempt $1,923,161 · unrelated business $118,979
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $479,866 · program services $479,866
-
7 · Other salaries and wages
total $2,672,091 · program services $2,672,091
-
8 · Pension plan contributions
total $85,046 · program services $85,046
-
9 · Other employee benefits
total $192,636 · program services $192,636
-
10 · Payroll taxes
total $224,717 · program services $224,717
-
11b · Fees: legal
total $21,308 · program services $21,308
-
11c · Fees: accounting
total $122,464 · program services $122,464
-
11g · Fees: other
total $1,425,273 · program services $1,425,273
-
12 · Advertising and promotion
total $116,068 · program services $116,068
-
13 · Office expenses
total $521,278 · program services $521,278
-
16 · Occupancy
total $510,466 · program services $510,466
-
17 · Travel
total $29,455 · program services $29,455
-
20 · Interest
total $697,507 · program services $697,507
-
22 · Depreciation, depletion and amortization
total $644,846 · program services $644,846
-
23 · Insurance
total $145,442 · program services $145,442
-
24a · Other expenses: MEMBER SHARE DIVIDENDS
total $2,402,207 · program services $2,402,207
-
24b · Other expenses: COST OF FINANCIAL SERVI
total $400,059 · program services $400,059
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $135,227 · program services $135,227
-
24d · Other expenses: ASSOCIATION DUES AND SU
total $21,547 · program services $21,547
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,001,052 · end of year $2,268,122
-
2 · Savings and temporary cash investments
beginning of year $10,328,376 · end of year $14,830,224
-
5 · Loans and receivables from officers and key people
beginning of year $287,566 · end of year $251,392
-
7 · Other notes and loans receivable
beginning of year $101,622,717 · end of year $101,876,543
-
9 · Prepaid expenses and deferred charges
beginning of year $398,287 · end of year $193,875
-
10a · Land, buildings and equipment: cost or other basis
$18,456,793
-
10b · Land, buildings and equipment: accumulated depreciation
$3,642,841
-
10c · Land, buildings and equipment, net
beginning of year $16,330,145 · end of year $14,813,952
-
13 · Investments: program-related
beginning of year $96,904,001 · end of year $94,837,232
-
15 · Other assets
beginning of year $5,352,779 · end of year $5,087,162
-
17 · Accounts payable and accrued expenses
beginning of year $2,699,390 · end of year $1,513,694
-
25 · Other liabilities
beginning of year $215,097,989 · end of year $216,161,939
-
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 $15,427,544 · end of year $16,482,869
Mission and programs · 2023
Mission
THIS CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON-PROFIT FINANCIAL INSTITUTION, CHARTERED UNDER THE ALABAMA CREDIT UNION ACT (CODE OF ALABAMA, 1975, TITLE 5 CHAPTER 17). ITS PRIMARY PURPOSE IS THE ENCOURAGEMENT OF THRIFT, THE CREATION OF A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND THE PROVISION OF OPPORTUNITIES FOR ITS MEMBERS TO CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
Activities or mission (Part I)
COOPERATIVE CREDIT UNION
-
CODE OF ALABAMA, SEC 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. FORT MCCLELLAN CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS. THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PRIMARILY PERSONS WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN CALHOUN, CLEBURNE, TALLADEGA, CLAY, RANDOLPH, CHEROKEE, ETOWAH, ST. CLAIR, AND CHAMBERS COUNTIES, ALABAMA; CITY, COUNTY STATE, AND FEDERAL EMPLOYEES LIVING OR WORKING IN ST. CLAIR AND ETOWAH COUNTIES; NATIONAL GUARD AND US ARMY RESERVE PERSONNEL WITHIN THE TRADE AREA OF FMCU; AND THEIR RELATIVES. AS OF DECEMBER 31, 2023, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 15,904 MEMBERS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jospeh RobertsonJOSPEH ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Kenneth JoinerKENNETH JOINER
BOARD VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2.5
-
Darrell WaldrupDARRELL WALDRUP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Susan TrammellSUSAN TRAMMELL
BOARD SECRETARY, TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Sybil BordenSYBIL BORDEN
DIRECTOR (END 2023)
- Total calculated
- $0
- Hours/week
- 2.5
-
Jeff LeonardJEFF LEONARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Kyle MeddersKYLE MEDDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Kim McCarsonKIM MCCARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Van RobertsVAN ROBERTS
BOARD CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2.5
-
Pamela RobertsonPAMELA ROBERTSON
SUPERVISORY COMMITTEE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2.5
-
Jonathon BoboJONATHON BOBO
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 2.5
-
Robert DaffronROBERT DAFFRON
SUPERVISORY COMMITTEE MEMBER (END 2023)
- Total calculated
- $0
- Hours/week
- 2.5
-
Michael McDermottMICHAEL MCDERMOTT
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 2.5
-
Angela SmithANGELA SMITH
CHIEF EXECUTIVE OFFICER
- Total calculated
- $174,815
- From this org
- $150,623
- From related orgs
- $0
- Other
- $24,192
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,923
- Bonus
- $400
- Other
- $1,300
- Deferred
- $17,909
- Nontaxable benefits
- $6,283
- Filer's total
- $174,815
-
John TerranoJOHN TERRANO
CHIEF OPERATING OFFICER
- Total calculated
- $152,915
- From this org
- $135,900
- From related orgs
- $0
- Other
- $17,015
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,200
- Bonus
- $400
- Other
- $1,300
- Deferred
- $10,812
- Nontaxable benefits
- $6,203
- Filer's total
- $152,915
-
Trent BarnettTRENT BARNETT
CHIEF FINANCIAL OFFICER
- Total calculated
- $48,637
- From this org
- $44,350
- From related orgs
- $0
- Other
- $4,287
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $43,500
- Bonus
- $400
- Other
- $450
- Deferred
- $0
- Nontaxable benefits
- $4,287
- Filer's total
- $48,637
-
Christin GlanzeCHRISTIN GLANZE
SVP COMPLIANCE
- Total calculated
- $103,499
- From this org
- $88,652
- From related orgs
- $0
- Other
- $14,847
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $86,952
- Bonus
- $400
- Other
- $1,300
- Deferred
- $8,901
- Nontaxable benefits
- $5,946
- Filer's total
- $103,499
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 · Form 990 of other organizations
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION FOR THE CEO IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, A PERSONNEL COMMITTEE EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE CEO WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. THE COMMITTEE USES NATIONAL PEER GROUP SALARY GUIDES PROVIDED BY CUNA AS AN INDEPENDENT SALARY GUIDE. THE PERSONNEL COMMITTEE THEN PRESENTS THE SALARY TO THE BOARD OF DIRECTORS FOR APPROVAL.
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.
-
LLCU REAL ESTATE LLC
HOLDING AND RENTING COMMERCIAL REAL ESTATE · AL · income $48,000 · assets $1,497,646
Directly controlled by FORT MCCLELLAN CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431929349300448
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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