Overview
What is Tuscaloosa County Credit Union?
Tuscaloosa County Credit Union, based in Tuscaloosa, Alabama, operates as a cooperative society primarily for the benefit of its members. Established under the Alabama Banking Code, its primary objectives are to foster savings among its members and provide them with affordable credit. As a state-chartered credit union, it caters primarily to residents of Tuscaloosa County, Alabama. As of December 31, 2022, the credit union had approximately 1,416 members. Their services include financial assistance and promotion of thrift, ensuring that members receive credit at reasonable rates. The credit union employs a small workforce of five individuals.
Official website here: www.tuscaloosacountycu.com
Is Tuscaloosa County Credit Union legitimate?
Tuscaloosa County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tuscaloosa County 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: $177,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,148
For more financial information, click here
Official website here: www.tuscaloosacountycu.com
What is the mission statement of Tuscaloosa County Credit Union?
Tuscaloosa County Credit Union operates as a cooperative society, incorporating two primary objectives: encouraging savings among its members and providing them with accessible credit at reasonable interest rates. This cooperative structure, as outlined in the Alabama Banking Code, serves to promote financial prudence and offer credit solutions within a legitimate framework for its members. The credit union, primarily catering to residents of Tuscaloosa County, Alabama, provides these services with the aim of fostering financial stability among its members. As of December 31, 2022, the credit union boasted approximately 1,416 members.
Official website here: www.tuscaloosacountycu.com
Who is the CEO of Tuscaloosa County Credit Union?
Steve Swofford is the Asst. Mgr. (Ret. 2022)/Svc Mbr of Tuscaloosa County Credit Union. The CEO's salary of Tuscaloosa County Credit Union is $92,800 and their total compensation is $99,482.
Official website here: www.tuscaloosacountycu.com
What is the revenue of Tuscaloosa County Credit Union?
Tuscaloosa County Credit Union's revenue in 2022 was $667,897.
Official website here: www.tuscaloosacountycu.com
Who are the executives of Tuscaloosa County Credit Union and what are their salaries?
The average compensation at Tuscaloosa County Credit Union during 2022 was $49,847. There are 5 employees and 8 volunteers at Tuscaloosa County Credit Union.
Here are 10 key members and their salaries (Tuscaloosa County Credit Union's CEO's salary is $92,800 and their total compensation is $99,482):
- Compensation: $2,800
- Related: $0
- Other: $6,681
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $92,800
- Related: $0
- Other: $6,682
- Compensation: $61,440
- Related: $0
- Other: $6,682
Official website here: www.tuscaloosacountycu.com
Where can I find the form 990 for Tuscaloosa County Credit Union?
Tuscaloosa County Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tuscaloosacountycu.com
Learn more at the official website: www.tuscaloosacountycu.com
Mission Statement of Tuscaloosa County Credit Union
Tuscaloosa County Credit Union, as a cooperative society, is established with a dual purpose. Its primary objective is to encourage savings among its members, fostering a culture of thrift. Simultaneously, it serves as a reliable source of credit for its members, offering loans at reasonable interest rates. This credit union, incorporated under Alabama banking laws, caters to its members who are primarily residents of Tuscaloosa County, Alabama. As of December 31, 2022, the credit union boasts an impressive membership of approximately 1,416 individuals, demonstrating its commitment to serving its community.
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Impact
October, 2024
Tuscaloosa County Credit Union plays a significant role in its community by promoting thrift and providing accessible credit to its members. As a cooperative organization, it caters primarily to residents of Tuscaloosa County, Alabama, fostering a sense of community and mutual support among its approximately 1,416 members.
The credit union operates under the Alabama Banking Code and focuses on offering financial services at legitimate interest rates, making it easier for members to save and borrow. This accessibility helps cultivate financial stability and empowerment within the community, allowing individuals to improve their economic well-being.
By prioritizing the financial needs of its members, Tuscaloosa County Credit Union contributes to the overall economic health of the region, encouraging responsible financial practices and fostering a supportive environment for its members’ financial growth.
This information is meant to be a general summary of Tuscaloosa County 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: $667,897
- Gross Receipts: $667,897
Assets and Liabilities:
- Total Assets: $12,299,821
- Total Liabilities: $11,604,535
- Net Assets: $695,286
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS TO M
Revenue
$529,939
FINANCIAL SERVICE FEES
Revenue
$113,486
INVESTMENT INCOME
Revenue
$24,472
Organization Details
Founding Year
1959
Phone
(205) 344-5100Principal Officer
Steve Swofford
Main Address
2605 7TH STREET, TUSCALOOSA, AL, 35401
Website
www.tuscaloosacountycu.comNTEE Category
Code: W60 - Public benefit
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