Overview
What is Alabama Teachers Credit Union?
Alabama Teachers Credit Union is a cooperative society based in Gadsden, Alabama, with a mission to promote savings among its members and provide affordable credit to them. This nonprofit organization, chartered in Alabama, caters to employees and their relatives of public schools in Etowah, Dekalb, Marshall, Cherokee, and Calhoun counties. Additionally, select employee groups and individuals residing in these counties are also eligible to join. The credit union served approximately 30,877 members as of December 31, 2022, and employed a team of 106 individuals to fulfill its purpose.
Official website here: www.atcu.com
Is Alabama Teachers Credit Union legitimate?
Alabama Teachers Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alabama Teachers 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,469,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,802,167
For more financial information, click here
What is the mission statement of Alabama Teachers Credit Union?
The Alabama Teachers Credit Union is a cooperative society, incorporated with a twofold purpose: fostering thrift among its members and serving as a legitimate source of credit for them. This credit union caters to the financial needs of its members, who are primarily employees and their relatives in the public schools of Etowah, Dekalb, Marshall, Cherokee, and Calhoun counties. Additionally, it extends its membership to select employee groups and individuals residing in these areas. As of December 31, 2022, the credit union has served approximately 30,877 members. By offering financial services, the credit union plays a vital role in promoting savings and providing affordable credit to its members.
Official website here: www.atcu.com
Who is the CEO of Alabama Teachers Credit Union?
Ron Summerall is the Board Chairperson of Alabama Teachers Credit Union. The CEO's salary of Alabama Teachers Credit Union is $1,200,153 and their total compensation is $1,239,144.
Official website here: www.atcu.com
What is the revenue of Alabama Teachers Credit Union?
Alabama Teachers Credit Union's revenue in 2022 was $23,248,388.
Official website here: www.atcu.com
Who are the executives of Alabama Teachers Credit Union and what are their salaries?
The average compensation at Alabama Teachers Credit Union during 2022 was $59,169. There are 106 employees and 10 volunteers at Alabama Teachers Credit Union.
Here are 16 key members and their salaries (Alabama Teachers Credit Union's CEO's salary is $1,200,153 and their total compensation is $1,239,144):
- Ron Summerall (President/Ceo)
- Jd Holt (Financial Advisor)
- Jeff Napper (Vice-President/Cfo)
- Mike Self (Vice President)
- Gina Chambers (Vice President)
- Joey Clark (Vice President)
- Danny L Golden (Supervisory Committee) [Trustee/Director]
- Dr Ronald T Mosley (Supervisory Committee Chair) [Trustee/Director]
- Tony Reddick (Board Chairperson) [Trustee/Director]
- Dr Martha Lavender (Board Chairperson) [Trustee/Director]
- Chuck Roden (Board Member) [Trustee/Director]
- Sonny Kirby (Board Vice Chairperson) [Trustee/Director]
- Dr Tony J Catanzaro (Board Member) [Trustee/Director]
- Joseph Sawyer (Board Secretary/Treasurer) [Trustee/Director]
- Joan Lee (Supervisory Committee Mbr) [Trustee/Director]
- Emily H Mills (Board Member) [Trustee/Director]
Official website here: www.atcu.com
Where can I find the form 990 for Alabama Teachers Credit Union?
The Alabama Teachers Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.atcu.com
Learn more at the official website: www.atcu.com
Mission Statement of Alabama Teachers Credit Union
Alabama Teachers Credit Union, a cooperative society incorporated in Alabama, is dedicated to encouraging savings among its members and serving as a legitimate source of credit for them. According to the Alabama Banking Code, a credit union operates with a twofold purpose: promoting thrift and providing affordable credit to its members. Alabama Teachers Credit Union extends these services to its members who are employees and their relatives of public schools located in Etowah, DeKalb, Marshall, Cherokee, and Calhoun Counties. The credit union's membership also includes selected employee groups and individuals living in these counties.
Alabama Teachers Credit Union, in fulfilling its mission, offers its members various financial products and services, such as savings accounts, loans, and credit cards, at reasonable rates. The credit union's primary objective is to help its members improve their financial well-being and achieve their financial goals. By pooling their resources, members can benefit from the cooperative structure of the credit union, ensuring better financial opportunities for all.
Furthermore, the credit union's cooperative nature allows it to prioritize the needs of its members above those of outside shareholders. This focus on member-centric services creates a unique financial institution that fosters a strong sense of community and trust among its members. With a passion for empowering its members to take control of their financial futures, Alabama Teachers Credit Union continues to thrive and serve its approximately 30,877 members.
Impact
This information is meant to be a general summary of Alabama Teachers Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Alabama Teachers Credit Union's impact is significant in promoting thrift among its members and providing a legitimate source of credit at reasonable rates of interest. As a cooperative credit union, its mission is to cater to employees and their relatives of public schools in Etowah, DeKalb, Marshall, Cherokee, and Calhoun counties, along with selected employee groups and individuals residing in these areas. With approximately 30,877 members as of December 31, 2022, the credit union plays a vital role in supporting the financial well-being of its community by offering essential financial services to its members.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS TO MEMBERS
Revenue
$14,076,950
FINANCIAL SERVICE FEE AND OTHER I
Revenue
$6,998,200
INVESTMENT INCOME
Revenue
$2,173,238
Organization Details
Founding Year
1959
Phone
(256) 543-7040
Principal Officer
Ron Summerall
Main Address
702 WALNUT STREET, GADSDEN, AL, 35901
Website
www.atcu.com
If you are a representative of Alabama Teachers Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.