Totals
- Total revenue
- $5,000,369
- Total expenses
- $4,966,949
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,000,369
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $83,358,762
- Total liabilities, end of year
- $76,337,390
- Net assets or fund balances, end of year
- $7,021,372
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,966,949
Program services were 0.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: INTEREST ON LOANS
total $2,963,418 · unrelated business $0 · excluded $0
-
2b · Program service revenue: FINC SVCS FEE/MISC INC
total $1,254,417 · unrelated business $65,332 · excluded $0
-
2c · Program service revenue: INVESTMENTS
total $782,534 · unrelated business $0 · excluded $0
-
3 · Investment income
total $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $307,196 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $864,425 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total -$130,314 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $151,823 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $96,007 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $25,839 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $23,162 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $140,031 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $82,427 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $289,178 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $143,951 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $21,122 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $177,078 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $43,542 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: LOAN SERVICING EXPENSE
total $474,985 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: PROCESSING EXPENSE
total $678,812 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: MEMBER DIVIDEND EXPENSE
total $999,801 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: PROVISION FOR LOAN LOASS
total $507,448 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $70,436 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,145,814 · end of year $679,848
-
2 · Savings and temporary cash investments
beginning of year $3,788,743 · end of year $14,139,339
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $44,993,514 · end of year $43,234,851
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,223,557 · end of year $1,150,210
-
10a · Land, buildings and equipment: cost or other basis
$3,819,311
-
10b · Land, buildings and equipment: accumulated depreciation
$1,080,581
-
10c · Land, buildings and equipment, net
beginning of year $2,809,307 · end of year $2,738,730
-
13 · Investments: program-related
beginning of year $16,419,078 · end of year $16,042,716
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $3,827,437 · end of year $5,373,068
-
17 · Accounts payable and accrued expenses
beginning of year $682,950 · end of year $579,673
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $66,990,332 · end of year $75,757,717
-
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 $6,534,168 · end of year $7,021,372
Mission and programs · 2024
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.
-
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. ADDITIONALLY, DONATIONS OF $25.00 MADE TO THE ALABAMA YOUTH SHERIFFS RANCH ALLOWS AN INDIVIDUAL WHO LIVES OUTSIDE OF THE BIRMINGHAM METROPOLITAN AREA BUT WITHIN THE STATE OF ALABAMA THE OPPORTUNITY TO QUALIFY FOR MEMBERSHIP IN JEFFERSON CREDIT UNION. AS OF DECEMBER 31, 2024, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 6,858 MEMBERS.
Expenses $4,966,949
As filed on the 2024 return.
Listed in Part VII
-
Richard MorrisRICHARD MORRIS
PRESIDENT/CEO
- Total calculated
- $66,468
- From this org
- $135,878
- From related orgs
- $0
- Other
- -$69,410
- Hours/week
- 40
-
M Zachary MillerM ZACHARY MILLER
CHIEF FINANCIAL OFFICER
- Total calculated
- $38,461
- From this org
- $38,461
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lisa CooperLISA COOPER
CHIEF OPERATING OFFICER
- Total calculated
- $111,344
- From this org
- $92,733
- From related orgs
- $0
- Other
- $18,611
- Hours/week
- 40
-
Rebecca SmithREBECCA SMITH
CONTROLLER
- Total calculated
- $90,922
- From this org
- $84,949
- From related orgs
- $0
- Other
- $5,973
- Hours/week
- 40
-
Jonathan ShortsJONATHAN SHORTS
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Daren LanierDAREN LANIER
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Patrick NicovichPATRICK NICOVICH
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Charles KnightCHARLES KNIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Barry StephensonBARRY STEPHENSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracie HodgeTRACIE HODGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Len GedgoudasLEN GEDGOUDAS
SPERVISORY COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chris WillisCHRIS WILLIS
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pam BillupsPAM BILLUPS
SUPERVISORY COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
- 2024
- Filed
- 11 May 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513169349305706
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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