Alabama Law Enforcement Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 630022431 ✦ Birmingham, AL ✦ Designated as a 501(c)(14)

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Overview

What is Alabama Law Enforcement Credit Union?

Alabama Law Enforcement Credit Union, located in Birmingham, Alabama, is a financial institution committed to serving its approximately 1,783 members. The credit union's main mission is to provide various financial services, such as loans, savings accounts, and other financial assistance. With a modest workforce of 11 employees, the credit union has established its presence in Birmingham, AL, specifically at 3712 4th Avenue South. The credit union's primary activity revolves around offering financial services, enabling its members to manage their finances effectively.


Official website here: www.allecu.org

Is Alabama Law Enforcement Credit Union legitimate?

Alabama Law Enforcement Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alabama Law Enforcement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,233

For more financial information, click here


Official website here: www.allecu.org

What is the mission statement of Alabama Law Enforcement Credit Union?

The Alabama Law Enforcement Credit Union is established with the mission to provide financial services for its members. specifically, it aims to serve approximately 1,783 individuals by offering loans, savings, and various other financial services. The credit union's activities are centered around providing these financial services to its members, ensuring they have access to necessary financial tools. The credit union's service offerings include a variety of loan options, demonstrating its commitment to its members' financial well-being.


Official website here: www.allecu.org

Who is the CEO of Alabama Law Enforcement Credit Union?

Kayla Southerland is the Ceo of Alabama Law Enforcement Credit Union. The CEO's salary of Alabama Law Enforcement Credit Union is $0 and their total compensation is $0.


Official website here: www.allecu.org

What is the revenue of Alabama Law Enforcement Credit Union?

Alabama Law Enforcement Credit Union's revenue in 2022 was $1,322,070.


Official website here: www.allecu.org

Who are the executives of Alabama Law Enforcement Credit Union and what are their salaries?

The average compensation at Alabama Law Enforcement Credit Union during 2022 was $14,294. There are 11 employees and 10 volunteers at Alabama Law Enforcement Credit Union.


Here are 11 key members and their salaries (Alabama Law Enforcement Credit Union's CEO's salary is $0 and their total compensation is $0):


Kayla Southerland (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Culberson (Board Presid)
  • Compensation: $0
  • Related: $0
  • Other: $0
Otis Luke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hunsinger (Board Co-Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juanita Hull (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Wilson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Boswell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Carr (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamal Mccaskey (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deangelo Hall (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wd Foster (Sc Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.allecu.org

Where can I find the form 990 for Alabama Law Enforcement Credit Union?

Alabama Law Enforcement Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.allecu.org

Learn more at the official website: www.allecu.org

Mission Statement of Alabama Law Enforcement Credit Union

Alabama Law Enforcement Credit Union, as a credit union, is dedicated to serving its approximately 1,783 members. The primary mission of this financial institution is to offer a range of financial services, including loans and savings programs. By doing so, it aims to cater to the financial needs of its members, providing them with the necessary tools to manage their finances effectively. The credit union's activities are centered around offering these services, thereby contributing to the financial well-being of its members.

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Impact




October, 2024

Alabama Law Enforcement Credit Union significantly impacts its community by offering a range of financial services tailored for its members, which include approximately 1,783 individuals primarily from law enforcement and related fields. The credit union provides various loan options, helping members access the funds they need for personal, educational, or professional purposes. This access to financial resources fosters stability and growth, enabling members to better manage their finances and invest in their futures.

In addition to loan services, the credit union offers savings accounts and other financial products that promote sound financial management among its members. By facilitating better access to financial tools and resources, Alabama Law Enforcement Credit Union plays a vital role in enhancing the overall well-being of its members, contributing to the economic health of the Birmingham area and supporting the public benefit of law enforcement personnel and their families.




This information is meant to be a general summary of Alabama Law Enforcement 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.

Revenue
$1,322,070 (2022)
Expenses
$1,421,341 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27,324
  • Program Service Revenue: $1,238,065
  • Gross Receipts: $1,322,070

Assets and Liabilities:

  • Total Assets: $14,241,050
  • Total Liabilities: $12,474,009
  • Net Assets: $1,767,041

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$879,687

FEE INCOME

Revenue

$358,378

Organization Details

Founding Year

1939

Principal Officer

Kayla Southerland

Main Address

3712 4TH AVENUE SOUTH, BIRMINGHAM, AL, 35222

NTEE Category

Code: W60 - Public benefit

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