Alabama Credit Union
Tuscaloosa, AL · EIN 63-0440014 · Rank 3,972 by total revenue
To provide thrift opportunities and low cost loans to members
Money, Form 990 for tax year 2024
- Total revenue
- $143,233,716
- Total expenses
- $131,954,975
- Total assets
- $1,953,300,236
- Salary base (all salaries and wages)
- $23,457,189
- Salaries, other pay and benefits
- $29,367,127
- Employees
- 489
- Salary base per employee
- $47,970
"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 (21)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Stephen K Swofford | CEO | Officer | 60 | $620,371 |
| Tommy Cobb | PRESIDENT OF ACUS HOLDINGS | Officer | 45 | $524,841 |
| Michael Goodman | CIO | Officer | 45 | $409,063 |
| June Landrum | PRESIDENT | Officer | 45 | $390,038 |
| Jim Pennington | VP, COLLECTIONS | Officer | 45 | $361,638 |
| Benson P Bolling | CHIEF LENDING OFFICER | Officer | 55 | $359,142 |
| Eleanor Brown | CFO | Officer | 45 | $341,729 |
| Michael R Shults | VP OF INFORMATION SYSTEMS | Officer | 45 | $326,805 |
| Brandi McKinney | CHIEF RISK OFFICER | Officer | 55 | $245,198 |
| Kelley Porter | CHIEF MEMBER EXPERIENCE OFFICER | Officer | 45 | $230,292 |
| Reba Essary | DIRECTOR | Board | 1 | None reported |
| Casey Taylor | SECRETARY/TREASURER | Board | 1 | None reported |
| Charlotte Harris | DIRECTOR | Board | 1 | None reported |
| Lynne April | BOARD VICE CHAIRPERSON | Board | 1 | None reported |
| Mark Nelson | DIRECTOR | Board | 1 | None reported |
| Marcus Jones | DIRECTOR | Board | 1 | None reported |
| Thomas West | DIRECTOR | Board | 1 | None reported |
| Robert Riley | DIRECTOR | Board | 1 | None reported |
| Ron Dulek | BOARD CHAIRPERSON | Board | 1 | None reported |
| Lisa Evans | DIRECTOR | Board | 1 | None reported |
| Tony Johnson | DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $4,202,865, which is 17.9% of the $23,457,189 salary base shared by 489 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Stephen K Swofford | CEO | Officer | 60 | $566,046 | $0 | $54,325 | $620,371 |
| Joseph Hardy | PRESIDENT OF ACUSI | Highly paid employee | 45 | $535,797 | $0 | $50,470 | $586,267 |
| Tommy Cobb | PRESIDENT OF ACUS HOLDINGS | Officer | 45 | $498,990 | $0 | $25,851 | $524,841 |
| Michael Goodman | CIO | Officer | 45 | $353,808 | $0 | $55,255 | $409,063 |
| June Landrum | PRESIDENT | Officer | 45 | $356,144 | $0 | $33,894 | $390,038 |
| Jim Pennington | VP, COLLECTIONS | Officer | 45 | $286,987 | $0 | $74,651 | $361,638 |
| Benson P Bolling | CHIEF LENDING OFFICER | Officer | 55 | $329,082 | $0 | $30,060 | $359,142 |
| Eleanor Brown | CFO | Officer | 45 | $314,064 | $0 | $27,665 | $341,729 |
| Michael R Shults | VP OF INFORMATION SYSTEMS | Officer | 45 | $298,340 | $0 | $28,465 | $326,805 |
| Elizabeth Cole | VP OF BRANCH OPERATIONS | Highly paid employee | 45 | $258,579 | $0 | $24,392 | $282,971 |
Sources
- IRS e-file return 202533149349305128 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 63-0440014
- Organization website (as filed): www.alabamacu.com