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Nonprofiteer
← CORPORATE AMERICA CREDIT UNION

Form 990 for tax year 2025

Filed by CORPORATE AMERICA CREDIT UNION.

Totals

Total revenue
$247,648,664
Total expenses
$212,886,783
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$249,186,859
Investment income
-$1,538,195
Other revenue
$0
Total assets, end of year
$5,326,368,465
Total liabilities, end of year
$4,976,731,424
Net assets or fund balances, end of year
$349,637,041
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 INCOME ON INVESTMENTS

    total $239,594,823 · related or exempt $239,594,823

  • 2b · Program service revenue: FINANCIAL SERVICE FEES

    total $6,489,690 · related or exempt $6,489,690

  • 2c · Program service revenue: LOAN INTEREST INCOME

    total $1,580,744 · related or exempt $1,580,744

  • 2d · Program service revenue: ITEM PROCESSING FEES

    total $1,521,602 · related or exempt $1,521,602

  • 7a · Gross sales of assets other than inventory

    securities $417,259,514 · other assets $148,217

  • 7b · Less cost or other basis and sales expenses

    securities $418,941,748 · other assets $4,178

  • 7c · Gain or loss

    securities -$1,682,234 · other assets $144,039

  • 7d · Net gain or loss

    total -$1,538,195 · related or exempt -$1,538,195

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,863,027

  • 7 · Other salaries and wages

    total $9,482,125

  • 8 · Pension plan contributions

    total $2,667,336

  • 9 · Other employee benefits

    total $1,836,057

  • 10 · Payroll taxes

    total $849,556

  • 11a · Fees: management

    total $107

  • 11b · Fees: legal

    total $101,215

  • 11c · Fees: accounting

    total $178,546

  • 11g · Fees: other

    total $3,566,400

  • 12 · Advertising and promotion

    total $626,809

  • 13 · Office expenses

    total $14,737

  • 16 · Occupancy

    total $1,430,549

  • 17 · Travel

    total $758,359

  • 20 · Interest

    total $182,476,121

  • 22 · Depreciation, depletion and amortization

    total $660,844

  • 23 · Insurance

    total $335,480

  • 24a · Other expenses: COST OF FINANCIAL SERVI

    total $3,324,182

  • 24b · Other expenses: EXAMINATION FEES

    total $346,525

  • 24c · Other expenses: STAFF EDUCATION

    total $168,605

  • 24d · Other expenses: SECURITY

    total $131,365

  • 24e · All other expenses

    total $68,838

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $765,155,208 · end of year $766,614,009

  • 4 · Accounts receivable

    beginning of year $14,200,176 · end of year $12,709,288

  • 7 · Other notes and loans receivable

    beginning of year $41,319,060 · end of year $78,132,017

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

    $8,821,487

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

    $3,884,381

  • 10c · Land, buildings and equipment, net

    beginning of year $5,122,692 · end of year $4,937,106

  • 13 · Investments: program-related

    beginning of year $3,758,973,895 · end of year $4,444,398,293

  • 15 · Other assets

    beginning of year $19,159,634 · end of year $19,577,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,335,618 · end of year $9,490,449

  • 23 · Secured mortgages and notes payable

    beginning of year $300,000,000 · end of year $300,000,000

  • 25 · Other liabilities

    beginning of year $4,046,231,516 · end of year $4,667,240,975

  • 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 $251,363,531 · end of year $349,637,041

Mission and programs · 2025

Mission

COOPERATIVE SOCIETY INCORPORATED TO OPERATE AS A CORPORATE CREDIT UNION FOR THE MUTUAL BENEFIT OF THE CREDIT UNION MEMBERSHIP BY PROVIDING A SOUND FINANCIAL INSTITUTION THAT WILL MEET THE FINANCIAL NEEDS OF CREDIT UNIONS IN A MANNER CONSISTENT WITH THE CREDIT UNION PHILOSOPHY. THIS INCLUDES A SOURCE OF LIQUIDITY, CORRESPONDENT, INVESTMENT, AND RELATED EDUCATIONAL SERVICES.

Activities or mission (Part I)

COOPERATIVE CORPORATE 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. CORPORATE AMERICA CREDIT UNION IS AN ALABAMA STATE CHARTERED CORPORATE CREDIT UNION AND WAS ESTABLISHED TO OPERATE AS A CORPORATE CREDIT UNION FOR THE PURPOSE OF MEETING MEMBER CREDIT UNIONS' LIQUIDITY AND INVESTMENT NEEDS AS WELL AS PROVIDING SETTLEMENT AND OTHER FINANCIAL SERVICES. CORPORATE AMERICA'S MEMBERS CONSIST OF CREDIT UNIONS PRIMARILY LOCATED WITHIN ALABAMA AND THE SURROUNDING STATES. AS OF DECEMBER 31, 2025, CORPORATE AMERICA HAD 547 MEMBER CREDIT UNIONS.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joey Hand

    1ST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Olabode Ola Anise

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brad Long

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Steve Nix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Blane Mink

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mark Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • George Glasser

    2ND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Alicia Quezada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kendall Speed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Renaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael L Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heath Harrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Pritts

    PRESIDENT/CEO

    Total calculated
    $1,386,149
    From this org
    $1,084,178
    From related orgs
    $0
    Other
    $301,971
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,084,178
    Bonus
    $0
    Other
    $0
    Deferred
    $280,000
    Nontaxable benefits
    $21,971
    Filer's total
    $1,386,149

  • David Filby

    CHIEF INVESTMENT OFFICER

    Total calculated
    $499,601
    From this org
    $460,499
    From related orgs
    $0
    Other
    $39,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $460,499
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $21,602
    Filer's total
    $499,601

  • Lauren Howle

    CHIEF STRATEGY OFFICER

    Total calculated
    $404,392
    From this org
    $364,921
    From related orgs
    $0
    Other
    $39,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,921
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $21,971
    Filer's total
    $404,392

  • Donald Eagen

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $420,379
    From this org
    $381,300
    From related orgs
    $0
    Other
    $39,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,300
    Bonus
    $0
    Other
    $0
    Deferred
    $17,358
    Nontaxable benefits
    $21,721
    Filer's total
    $420,379

  • Lisa Coffey

    CHIEF INNOVATION OFFICER

    Total calculated
    $402,952
    From this org
    $363,731
    From related orgs
    $0
    Other
    $39,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,731
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $21,721
    Filer's total
    $402,952

  • Rachel M Dodson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $402,133
    From this org
    $362,662
    From related orgs
    $0
    Other
    $39,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,662
    Bonus
    $0
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $21,971
    Filer's total
    $402,133

  • Alison Dagnan

    CHIEF OPERATIONS OFFICER

    Total calculated
    $347,421
    From this org
    $310,476
    From related orgs
    $0
    Other
    $36,945
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,476
    Bonus
    $0
    Other
    $0
    Deferred
    $14,974
    Nontaxable benefits
    $21,971
    Filer's total
    $347,421

  • Robert Rudder

    SVP STRATEGIC BALANCE SHEET

    Total calculated
    $241,780
    From this org
    $209,923
    From related orgs
    $0
    Other
    $31,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,923
    Bonus
    $0
    Other
    $0
    Deferred
    $10,136
    Nontaxable benefits
    $21,721
    Filer's total
    $241,780

  • Michael Kennedy

    VP ELECTRONIC PAYMENTS

    Total calculated
    $239,910
    From this org
    $211,923
    From related orgs
    $0
    Other
    $27,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,923
    Bonus
    $0
    Other
    $0
    Deferred
    $6,266
    Nontaxable benefits
    $21,721
    Filer's total
    $239,910

  • Kayla Barnett

    SVP, HUMAN RESOURCES AND CULTURE

    Total calculated
    $282,136
    From this org
    $248,022
    From related orgs
    $0
    Other
    $34,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,022
    Bonus
    $0
    Other
    $0
    Deferred
    $11,103
    Nontaxable benefits
    $23,011
    Filer's total
    $282,136

  • Shane St John

    VP OF INFORMATION TECHNOLO

    Total calculated
    $229,157
    From this org
    $197,061
    From related orgs
    $0
    Other
    $32,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,061
    Bonus
    $0
    Other
    $0
    Deferred
    $10,125
    Nontaxable benefits
    $21,971
    Filer's total
    $229,157

  • Brit Shelton

    MEMBER INVESTMENT DIRECTOR

    Total calculated
    $225,627
    From this org
    $194,147
    From related orgs
    $0
    Other
    $31,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,147
    Bonus
    $0
    Other
    $0
    Deferred
    $9,759
    Nontaxable benefits
    $21,721
    Filer's total
    $225,627

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I
CORPORATE AMERICA CREDIT UNION'S PERSONNEL POLICY GOVERNS THE AUTHORIZATION FOR ALL TRAVEL AND DISCRETIONARY SPENDING AND REIMBURSEMENTS. THIS POLICY REQUIRES THE ELECTED TREASURER "A MEMBER OF THE BOARD OF DIRECTORS" TO REVIEW ALL TRAVEL AND DISCRETIONARY EXPENDITURES AND REIMBURSEMENTS MADE BY/TO THE CEO AND BOARD OF DIRECTORS. THE CEO, EVP, COO, AND/OR THE CFO APPROVE THE TRAVEL AND DISCRETIONARY EXPENDITURES AND REIMBURSEMENTS OF ALL EMPLOYEES WHICH REPORT DIRECTLY TO THEM. A YMCA MEMBERSHIP IS OFFERED TO ALL EMPLOYEES.
SCHEDULE J, PART I LINE 4B
THE FOLLOWING EMPLOYEES PARTICIPATED IN THE NONQUALIFIED RETIREMENT PLAN: PAUL PRITTS

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.

  • SMARTSOURCE SOLUTIONS LLC

    FINANCIAL SERVICES · AL · income $110,876 · assets $644,566

Provenance

Return type
form_990
Tax year
2025
Filed
12 August 2026
IRS schema version
2025v4.2
Source object
202602449349301235

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