Overview
What is Alabama One Credit Union?
Alabama One Credit Union is a cooperative society based in Tuscaloosa, Alabama, with a primary mission to promote thrift and offer credit to its members at fair rates. Established under the Alabama Banking Code, the credit union serves a diverse membership, including residents and employees of certain counties and medical providers, employees of specified employers, retirees, and their families. As of December 31, 2022, the credit union had approximately 77,610 members and employed 326 people. This nonprofit financial institution provides various financial services to its members and aims to foster financial well-being within its community.
Official website here: www.alabamaone.org
What do the Facebook reviews say about Alabama One Credit Union?
56% of the 13 reviewers on Facebook recommend Alabama One Credit Union. The prevailing sentiment among those who commented reflects frustration with the customer service experience. A common point raised is the difficulty in communicating with representatives, particularly due to the reliance on automated phone systems.
One reviewer explicitly highlighted the need for improvements, emphasizing the desire to eliminate the automated phone tree to facilitate easier access to real people. This concern indicates a gap in service that some customers feel is crucial for a better banking experience.
Overall, while a segment of users appreciates the services, the dissatisfaction regarding accessibility to customer support suggests that enhancements in communication could significantly impact user satisfaction positively.
This AI summary has been generated from reviews found on Facebook.
Is Alabama One Credit Union legitimate?
Alabama One Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alabama One 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: $2,185,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,853,029
For more financial information, click here
Official website here: www.alabamaone.org
What is the mission statement of Alabama One Credit Union?
Alabama One Credit Union is a cooperative society incorporated with a twofold purpose: encouraging savings among its members and providing them with legitimate access to credit. According to the Alabama Banking Code, the credit union functions as a cooperative, aiming to foster thrift and serve as a reliable credit source for its members. The financial institution offers various financial services to its diverse membership base, which includes individuals living and working in specific counties, employees and residents of various medical providers, credit union employees, retirees, and their immediate family members. As of December 31, 2022, the credit union catered to approximately 77,610 members.
Official website here: www.alabamaone.org
Who is the CEO of Alabama One Credit Union?
Whitney Oswalt is the Cfo of Alabama One Credit Union. The CEO's salary of Alabama One Credit Union is $517,300 and their total compensation is $680,828.
Official website here: www.alabamaone.org
What is the revenue of Alabama One Credit Union?
Alabama One Credit Union's revenue in 2022 was $50,038,173.
Official website here: www.alabamaone.org
Who are the executives of Alabama One Credit Union and what are their salaries?
The average compensation at Alabama One Credit Union during 2022 was $46,131. There are 326 employees and 17 volunteers at Alabama One Credit Union.
Here are 25 key members and their salaries (Alabama One Credit Union's CEO's salary is $517,300 and their total compensation is $680,828):
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- Compensation: $517,300
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- Other: $163,528
- Compensation: $267,700
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- Other: $83,327
- Compensation: $237,609
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- Other: $34,974
- Compensation: $158,000
- Related: $500
- Other: $47,924
- Compensation: $152,062
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- Other: $36,512
- Compensation: $214,500
- Related: $11,000
- Other: $78,801
- Compensation: $155,500
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- Other: $38,006
- Compensation: $147,349
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- Other: $51,278
- Compensation: $139,721
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- Other: $22,530
- Compensation: $140,345
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- Other: $13,400
- Compensation: $125,500
- Related: $0
- Other: $30,397
- Compensation: $130,000
- Related: $0
- Other: $41,550
Official website here: www.alabamaone.org
Where can I find the form 990 for Alabama One Credit Union?
Alabama One Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alabamaone.org
Learn more at the official website: www.alabamaone.org
Mission Statement of Alabama One Credit Union
Alabama One Credit Union, a cooperative society incorporated in Alabama, is dedicated to two primary objectives: encouraging thrift among its members and serving as a legitimate source of credit for them. In simple terms, this financial institution exists to help its members save and borrow money at reasonable rates. With a diverse membership base, Alabama One Credit Union primarily serves individuals living and working in various counties across West, Central, and South Alabama, as well as employees, residents, and patients of specific medical providers within the state. Furthermore, it extends its membership to employees of the credit union and other specified employers, retirees, and their families. As of December 31, 2022, the credit union catered to approximately 77,610 members. Through its cooperative structure, Alabama One Credit Union offers a range of financial services to its diverse membership.
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Impact
October, 2024
Alabama One Credit Union plays a significant role in fostering financial well-being within its community. With a mission centered on promoting thrift and providing accessible credit, it serves approximately 77,610 members, primarily in Tuscaloosa County and surrounding areas in Alabama.
By offering a diverse array of financial services at legitimate rates, the credit union not only helps individuals manage their finances but also empowers them to achieve their financial goals. This cooperative model enables members to benefit from lower fees and better rates compared to traditional banking institutions, enhancing their overall economic stability.
Furthermore, Alabama One Credit Union connects with various groups, including employees and patients of local medical providers, which strengthens community ties and ensures that financial services are tailored to the needs of its members. This inclusive approach fosters a sense of belonging and shared purpose, significantly impacting the lives of its members and the broader community.
This information is meant to be a general summary of Alabama One 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.
- Program Service Revenue: $50,038,173
- Gross Receipts: $50,038,173
Assets and Liabilities:
- Total Assets: $969,346,923
- Total Liabilities: $891,749,562
- Net Assets: $77,597,361
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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
$28,029,951
FINANCIAL SERVICE FEE AND OPERATI
Revenue
$19,017,124
INVESTMENT INCOME
Revenue
$2,991,098
Organization Details
Founding Year
1951
Phone
(205) 759-1595Principal Officer
Whitney Oswalt
Main Address
1215 VETERANS MEMORIAL PARKWAY, TUSCALOOSA, AL, 35404
Website
www.alabamaone.orgNTEE Category
Code: W60 - Public benefit
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