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SOUTHERN ENERGY CREDIT UNION

EIN 63-0328360 BIRMINGHAM, AL

Revenue 2024
$119,293,106
Expenses 2024
$110,753,878

As filed

Subsection
14
Classification
1000
Street
750 17TH ST N

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of ALABAMA CREDIT UNION ADMINISTRATION (EIN 63-1091725). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

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.

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. APCO EMPLOYEES CREDIT UNION,AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE THESE SERVICES TO ITS MEMBERS WHO ARE EMPLOYEES AND THEIR RELATIVES OF ALABAMA POWER COMPANY. THE CREDIT UNION'S MEMBERSHIP ALSO INCLUDES AFFILIATES OF ALABAMA POWER AND SELECTED EMPLOYEE GROUPS WITHIN THE REGION. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 85,419 MEMBERS.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JOHN VALEKIS

    DIRECTOR

    Total calculated
    $4,162
    From this org
    $4,162
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CONSTANTINE SFAKIANOS

    DIRECTOR

    Total calculated
    $33
    From this org
    $33
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • GREG BASS

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $4,851
    From this org
    $4,851
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CARLTON STEPHENS

    DIRECTOR

    Total calculated
    $6,016
    From this org
    $6,016
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • GREGG SHIPP

    DIRECTOR - CHAIRPERSON

    Total calculated
    $7,340
    From this org
    $7,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ROBERT B ROY

    DIRECTOR

    Total calculated
    $8,142
    From this org
    $8,142
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARK WILKINSON

    DIRECTOR

    Total calculated
    $2,049
    From this org
    $2,049
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ANN WILKINSON

    SUPERVISORY COMMITTEE MEMBER

    Total calculated
    $1,950
    From this org
    $1,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ALLISON BOONE

    DIRECTOR - VICE CHAIRPERSON

    Total calculated
    $8,471
    From this org
    $8,471
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CELIA YATES

    DIRECTOR - SECRETARY

    Total calculated
    $10,453
    From this org
    $10,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CARISSA LEDBETTER

    SUPERVISORY COMMITTEE CHAIRPERSON

    Total calculated
    $3,845
    From this org
    $3,845
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DANIEL BLALOCK

    DIRECTOR - TREASURER

    Total calculated
    $7,088
    From this org
    $7,088
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DERRICK RAGLAND

    CEO

    Total calculated
    $1,032,985
    From this org
    $996,017
    From related orgs
    $0
    Other
    $36,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $752,613
    Bonus
    $162,683
    Other
    $80,721
    Deferred
    $17,210
    Nontaxable benefits
    $19,758
    Filer's total
    $1,032,985

  • BLANE MINK

    CFO/VP

    Total calculated
    $1,292,526
    From this org
    $993,121
    From related orgs
    $0
    Other
    $299,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,901
    Bonus
    $101,075
    Other
    $492,145
    Deferred
    $272,435
    Nontaxable benefits
    $26,970
    Filer's total
    $1,292,526

  • ANDY RUSH

    COO

    Total calculated
    $564,253
    From this org
    $409,902
    From related orgs
    $0
    Other
    $154,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,761
    Bonus
    $78,416
    Other
    $1,725
    Deferred
    $130,400
    Nontaxable benefits
    $23,951
    Filer's total
    $564,253

  • ANGELA WRIGHT

    IT MANAGER

    Total calculated
    $471,757
    From this org
    $255,131
    From related orgs
    $0
    Other
    $216,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,517
    Bonus
    $36,569
    Other
    $11,045
    Deferred
    $208,417
    Nontaxable benefits
    $8,209
    Filer's total
    $471,757

  • DANNA HORNE

    ADMIN MANAGER

    Total calculated
    $349,811
    From this org
    $187,588
    From related orgs
    $0
    Other
    $162,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,394
    Bonus
    $31,686
    Other
    $508
    Deferred
    $153,275
    Nontaxable benefits
    $8,948
    Filer's total
    $349,811

  • JACOB JULIAN

    COMPTROLLER

    Total calculated
    $306,679
    From this org
    $204,920
    From related orgs
    $0
    Other
    $101,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,975
    Bonus
    $30,727
    Other
    $218
    Deferred
    $80,034
    Nontaxable benefits
    $21,725
    Filer's total
    $306,679

  • PRESTON HOLDER

    LENDING MANAGER

    Total calculated
    $227,702
    From this org
    $154,290
    From related orgs
    $0
    Other
    $73,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,615
    Bonus
    $22,532
    Other
    $143
    Deferred
    $50,851
    Nontaxable benefits
    $22,561
    Filer's total
    $227,702

  • JONATHAN CANTRELL

    LOAN OFFICER

    Total calculated
    $172,450
    From this org
    $146,992
    From related orgs
    $0
    Other
    $25,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,121
    Bonus
    $22,799
    Other
    $72
    Deferred
    $5,360
    Nontaxable benefits
    $20,098
    Filer's total
    $172,450

  • DON MANUEL

    FORMER KEY EMPLOYEE

    Total calculated
    $102,501
    From this org
    $101,375
    From related orgs
    $0
    Other
    $1,126
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $101,375
    Deferred
    $0
    Nontaxable benefits
    $1,126
    Filer's total
    $102,501

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $119,293,106
    Expenses
    $110,753,878
    Contributions
    $0
    Grants paid
    $2,510
  • 2023
    Revenue
    $118,347,236
    Expenses
    $100,998,695
    Contributions
    $0
    Grants paid
    $53,775
  • 2022
    Revenue
    $88,615,377
    Expenses
    $62,410,992
    Contributions
    $0
    Grants paid
    $21,286

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $74,996,749
    Expenses
    $53,186,389
    Assets (EOY)
    $3,681,543,052

  • 2020 · 990

    Revenue
    $76,503,998
    Expenses
    $56,771,594
    Assets (EOY)
    $3,376,053,353

  • 2019 · 990

    Revenue
    $87,214,671
    Expenses
    $61,192,307
    Assets (EOY)
    $3,006,802,231

  • 2018 · 990

    Revenue
    $82,398,540
    Expenses
    $56,912,477
    Assets (EOY)
    $2,863,040,688

  • 2017 · 990

    Revenue
    $73,884,594
    Expenses
    $47,970,754
    Assets (EOY)
    $2,814,712,539

  • 2016 · 990

    Revenue
    $64,652,524
    Expenses
    $44,443,289
    Assets (EOY)
    $2,736,929,669

  • 2015 · 990

    Revenue
    $63,522,880
    Expenses
    $42,440,269
    Assets (EOY)
    $2,599,286,234

  • 2014 · 990

    Revenue
    $62,324,490
    Expenses
    $42,389,160
    Assets (EOY)
    $2,496,951,040

  • 2013 · 990

    Revenue
    $56,779,150
    Expenses
    $40,719,359
    Assets (EOY)
    $2,417,665,714

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $42,942,068
    Assets (EOY)
    $2,305,460,528

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • COMMON BOND MORTGAGE LLC

    ORIGINATION, PURCHASE, SALE, BROKERING, AND SERVICING OF MORTGAGES · AL · income $7,547 · assets $652,740

Related corporations and trusts on its 2024 return

  • APCO CUSO INC

    C · FINANCIAL SERVICES · AL · 100% owned · share of assets $670,895 · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.