Social Security Credit Union

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

EIN: 630332689 ✦ Birmingham, AL ✦ Designated as a 501(c)(14)

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Overview

What is Social Security Credit Union?

Social Security Credit Union is a nonprofit organization situated in Birmingham, Alabama, specifically at 1200 REV ABRAHAM WOODS JR BLVD. Their primary mission is to offer financial services to their approximately 2,975 members. This includes providing various loan options, savings plans, and other financial assistance. They have a dedicated team of six employees who work tirelessly to meet the financial needs of their members.


Official website here: www.ssacu.com

Is Social Security Credit Union legitimate?

Social Security Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Social Security 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: $434,098

For more financial information, click here


Official website here: www.ssacu.com

What is the mission statement of Social Security Credit Union?

The Social Security Credit Union's mission is centered around providing financial services to its members. Specifically, it aims to serve approximately 2,975 individuals by offering a range of financial solutions such as loans and savings options. The credit union's activities are primarily focused on meeting the financial needs of its members. While the specific details of their services are not outlined, it can be inferred that they strive to provide these services in a manner that benefits and satisfies their members.


Official website here: www.ssacu.com

Who is the CEO of Social Security Credit Union?

Angelic Pritchett is the Ceo/Manager of Social Security Credit Union. The CEO's salary of Social Security Credit Union is $142,210 and their total compensation is $164,502.


Official website here: www.ssacu.com

What is the revenue of Social Security Credit Union?

Social Security Credit Union's revenue in 2022 was $1,379,487.


Official website here: www.ssacu.com

Who are the executives of Social Security Credit Union and what are their salaries?

The average compensation at Social Security Credit Union during 2022 was $72,350. There are 6 employees and 8 volunteers at Social Security Credit Union.


Here are 11 key members and their salaries (Social Security Credit Union's CEO's salary is $142,210 and their total compensation is $164,502):


Angelic Pritchett (Ceo/Manager)
  • Compensation: $142,210
  • Related: $0
  • Other: $22,292
Henry Williams (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiffany Wiley (Sc Comm Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Gutierrez (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Winfred Walker (Board Treasu)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nilma Mecham (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilhelmenia Jones (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Flor Guanipa (Sc Comm Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee R Williamson (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dewayne Brown (Comm Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamael Johnson (Sc Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ssacu.com

Where can I find the form 990 for Social Security Credit Union?

Social Security Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ssacu.com

Learn more at the official website: www.ssacu.com

Mission Statement of Social Security Credit Union

Social Security Credit Union, as a credit union, is committed to providing financial services for its approximately 2,975 members. Its mission is multifaceted, encompassing the provision of loans, savings, and various other financial services. This credit union aims to cater to the financial needs of its members, offering them a range of loan services to help manage their finances effectively.

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Impact




October, 2024

Social Security Credit Union plays a significant role in enhancing the financial well-being of approximately 2,975 members in Birmingham, Alabama, by offering a range of financial services. By providing access to various loan options and savings opportunities, the credit union empowers its members to achieve their financial goals, whether through personal loans, home financing, or other financial products tailored to their needs.

The organization's commitment to serving its community extends beyond basic financial transactions. It fosters financial literacy and responsible money management among its members, contributing to greater economic stability and allowing individuals to navigate their financial journeys with confidence. The credit union's efforts not only help its members but also create a positive ripple effect within the local economy, promoting overall community development and resilience. Through its services, Social Security Credit Union plays an essential role in ensuring that members have access to the resources they need for financial success.




This information is meant to be a general summary of Social Security 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
$1,379,487 (2022)
Expenses
$1,267,586 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $254,352
  • Program Service Revenue: $997,273
  • Gross Receipts: $1,379,487

Assets and Liabilities:

  • Total Assets: $35,140,489
  • Total Liabilities: $28,274,820
  • Net Assets: $6,865,669

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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

$753,914

FEE INCOME

Revenue

$243,359

Organization Details

Founding Year

1947

Principal Officer

Angelic Pritchett

Main Address

1200 REV ABRAHAM WOODS JR BLVD, BIRMINGHAM, AL, 35285

NTEE Category

Code: W60 - Public benefit

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