Overview
What is Alabama Central Credit Union?
Alabama Central Credit Union is a nonprofit organization dedicated to promoting thrift among its members in Alabama. With a base in Birmingham, the credit union offers a range of competitive savings products such as savings, checking, money market, certificate of deposit accounts, and IRAs and CDs. Its mission is to provide thrift opportunities and affordable loans to its members, serving over 16,000 members across several counties in the state. The credit union's activities are focused on offering savings and credit services to its members, ensuring they have access to legitimate interest rates. With a dedicated workforce of 72 employees, the Alabama Central Credit Union strives to support its members in managing their finances.
Official website here: www.alabamacentral.org
Is Alabama Central Credit Union legitimate?
Alabama Central Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alabama Central Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $479,309
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,760,408
For more financial information, click here
Official website here: www.alabamacentral.org
What is the mission statement of Alabama Central Credit Union?
Alabama Central Credit Union's mission is centered around promoting thrift among its members and serving as a reliable source of affordable credit. The credit union encourages savings through competitive savings products such as savings, checking, money market, certificate of deposit accounts, and IRA savings and certificate of deposit accounts. With a membership base exceeding 16,000, the credit union extends its services to various counties across Alabama. Its mission is to promote thrift among its members and offer them credit at reasonable interest rates.
Official website here: www.alabamacentral.org
Who is the CEO of Alabama Central Credit Union?
Jessica Baker is the Secretary of Alabama Central Credit Union. The CEO's salary of Alabama Central Credit Union is $188,613 and their total compensation is $213,808.
Official website here: www.alabamacentral.org
What is the revenue of Alabama Central Credit Union?
Alabama Central Credit Union's revenue in 2022 was $10,136,034.
Official website here: www.alabamacentral.org
Who are the executives of Alabama Central Credit Union and what are their salaries?
The average compensation at Alabama Central Credit Union during 2022 was $44,996. There are 72 employees and 10 volunteers at Alabama Central Credit Union.
Here are 10 key members and their salaries (Alabama Central Credit Union's CEO's salary is $188,613 and their total compensation is $213,808):
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Compensation: $188,613
- Related: $0
- Other: $25,195
- Compensation: $113,829
- Related: $0
- Other: $16,662
- Compensation: $118,771
- Related: $0
- Other: $16,239
Official website here: www.alabamacentral.org
Where can I find the form 990 for Alabama Central Credit Union?
Alabama Central Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alabamacentral.org
Learn more at the official website: www.alabamacentral.org
Mission Statement of Alabama Central Credit Union
Alabama Central Credit Union, with a membership exceeding 16,000, is committed to fostering thrift among its members and serving as a reliable source of credit. The credit union's mission is to encourage savings among its members and provide them with loans at reasonable interest rates. To achieve this, Alabama Central Credit Union offers a variety of competitive savings products, including savings, checking, money market, certificate of deposit accounts, and even IRAs and certificate of deposit accounts. These savings options empower members to save and build financial stability, while the credit union's lending services ensure that members can access credit when they need it. By promoting thrift and offering affordable credit, Alabama Central Credit Union plays a vital role in helping its members manage their finances more effectively.
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Impact
October, 2024
Alabama Central Credit Union plays a vital role in bolstering the financial well-being of its members and the wider community. By providing thrift opportunities and low-cost loans, it fosters a culture of savings and responsible financial management. The credit union offers a range of competitive savings products, such as savings accounts, checking accounts, money market accounts, and certificates of deposit, including IRA options.
With more than 16,000 members across several counties in Alabama, Alabama Central Credit Union serves as a crucial source of credit, offering legitimate interest rates that help individuals access the funds they need. Its mission to promote thrift not only supports individual financial goals but also contributes to the economic stability of the community in Birmingham and beyond. Through its dedicated services, the credit union enhances financial literacy and empowers members to achieve their financial aspirations.
This information is meant to be a general summary of Alabama Central Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $351,163
- Program Service Revenue: $6,685,712
- Gross Receipts: $10,136,036
Assets and Liabilities:
- Total Assets: $204,184,392
- Total Liabilities: $192,086,391
- Net Assets: $12,098,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$6,685,712
Organization Details
Founding Year
1938
Phone
(205) 510-1316Principal Officer
Jessica Baker
Main Address
3601 4TH AVENUE SOUTH, BIRMINGHAM, AL, 35222
Website
www.alabamacentral.orgNTEE Category
Code: W60 - Public benefit
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