The Southern Credit Union
Fayetteville, GA · EIN 58-0905515 · Rank 17,362 by total revenue
As a state-chartered credit union, we provide thrift savings, loans and other financial services to our members.
Money, Form 990 for tax year 2024
- Total revenue
- $24,902,758
- Total expenses
- $21,164,745
- Total assets
- $533,936,060
- Salary base (all salaries and wages)
- $8,165,878
- Salaries, other pay and benefits
- $9,385,708
- Employees
- 92
- Salary base per employee
- $88,760
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (14)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Ray Hull | CEO/TREASURER | Board, Officer | 40 | $1,275,779 |
| Jim Phillips | EVP | Officer | 40 | $742,553 |
| Kris Trainor | CFO | Officer | 40 | $435,375 |
| Morris Kelly | CHAIRMAN | Board, Officer | 2 | $19,871 |
| Wilton Marchman | VICE CHAIR | Board, Officer | 2 | $19,871 |
| John Rick Halbert | SECRETARY | Board, Officer | 1.5 | $19,871 |
| James Richards | VP OF MORTGAGES | Key employee | 40 | $319,577 |
| Tim Pless | CHIEF TECHNOLOGY OFFICER | Key employee | 40 | $242,028 |
| John Purdy | CHIEF LENDING OFFICER | Key employee | 40 | $240,826 |
| Barry Griffin | VP BRANCH SERVICES | Key employee | 40 | $239,515 |
| Keith Saltzman | SENIOR DATA ANALYST | Key employee | 40 | $204,594 |
| Randy Hobbs | DIRECTOR | Board | 1.5 | $19,871 |
| Michael Foran | DIRECTOR | Board | 1.5 | $19,871 |
| Robert Matthews | DIRECTOR | Board | 1.5 | $18,294 |
Top 10 paid people listed
These 10 people received $4,018,284, which is 49.2% of the $8,165,878 salary base shared by 92 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Ray Hull | CEO/TREASURER | Board, Officer | 40 | $1,055,275 | $0 | $220,504 | $1,275,779 |
| Jim Phillips | EVP | Officer | 40 | $482,305 | $0 | $260,248 | $742,553 |
| Kris Trainor | CFO | Officer | 40 | $362,352 | $0 | $73,023 | $435,375 |
| James Richards | VP OF MORTGAGES | Key employee | 40 | $258,226 | $0 | $61,351 | $319,577 |
| Tim Pless | CHIEF TECHNOLOGY OFFICER | Key employee | 40 | $210,772 | $0 | $31,256 | $242,028 |
| John Purdy | CHIEF LENDING OFFICER | Key employee | 40 | $218,767 | $0 | $22,059 | $240,826 |
| Barry Griffin | VP BRANCH SERVICES | Key employee | 40 | $194,412 | $0 | $45,103 | $239,515 |
| Keith Saltzman | SENIOR DATA ANALYST | Key employee | 40 | $176,251 | $0 | $28,343 | $204,594 |
| Shannon Meserole | VP RISK MANAGEMENT | Highly paid employee | 40 | $152,860 | $0 | $15,236 | $168,096 |
| Steven Richardson | HR DIRECTOR | Highly paid employee | 40 | $127,408 | $0 | $22,533 | $149,941 |
Sources
- IRS e-file return 202532799349301818 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 58-0905515
- Organization website (as filed): www.southernonline.org