Alabama Credit Union
To provide thrift opportunities and low cost loans to members
Alabama Credit Union at a glance
In short: Alabama Credit Union gave $73K across 4 grants in 2024 (avg $18K), mostly in Alabama. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $72,747
- +246.4% vs 2023
- Grants made (2024)
- 4
- +100.0% vs 2023
- Average grant
- $18,187
- +73.2% vs 2023
- Median grant
- $19,000
- Total assets
- $1,953,300,236
- +1.6% vs 2023
- Primary geography
- Alabama (62% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Alabama Credit Union funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was UAH Foundation ($25K). Together the top 4 received $73K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $21K (2023) to $73K (2024). In 2024 it made 4 grants totaling $73K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UAH Foundation Huntsville, AL | Sponsorship for Entrepreneurial Professorship | $25,000 |
| West Alabama Food Bank Tuscaloosa, AL | Pledge for 5 Year Plan to Alleviate Hunger | $20,000 |
| Kicks for Kids City of Orange, NJ | Listerhill Foundation Shoe Donation Sponsorship at Aliceville Elementary | $18,000 |
| Southeastern Credit Union Foundation Tallahassee, FL | Promoting Economic Wellness | $9,747 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,953,300,236 | $143,233,716 | $131,954,975 | $72,747 | 4 | $9,303,383 |
| 2023 | $1,922,294,287 | $106,263,577 | $101,381,357 | $21,000 | 2 | $7,434,355 |
| 2022 | $1,640,689,087 | $76,294,666 | $63,024,332 | — | — | $5,461,425 |
| 2021 | $1,400,922,106 | $57,798,045 | $47,077,943 | — | — | $5,164,988 |
| 2020 | $1,170,483,591 | $49,302,098 | $44,076,231 | — | — | $4,889,372 |
About Alabama Credit Union
Based on IRS filings
Alabama Credit Union is a public charity, based in Tuscaloosa, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0B in total assets. In 2024, it awarded 4 grants totaling $73K. Net investment income was $9.3M.
Leadership & Key People
Officers and directors from IRS filings
Alabama Credit Union is led by Stephen K. Swofford, CEO since 2023 (on filings since 2020); 15 of 26 officers listed in 2024 are compensated.
Officers on the 2024 filing
Stephen K. Swofford
CEO
CEO & President → CEO, 2023
On filings since 2020
60 hrs/week
$411K (2020) → $566K (2024)
June Landrum
President
COO → Interim CEO & President, 2023
Interim CEO & President → President, 2024
On filings since 2020
45 hrs/week
$152K (2020) → $356K (2024)
Tommy Cobb
President of Acus Holdings
Senior Vice President of Branch Operat → Chief Development Officer, 2022
Chief Development Officer → President of Acus Holdings, 2024
On filings since 2020
45 hrs/week
$233K (2020) → $499K (2024)
Joseph Hardy
President of Acusi
Manager of Outside Sales → President of Acusi, 2024
On filings since 2021
45 hrs/week
$155K (2021) → $536K (2024)
Ron Dulek
Board Chairperson
Director → Vice Chair, 2021
Vice Chair → Board Chairperson, 2023
On filings since 2020
1 hr/week
No compensation reported
John Edington
Commercial Lending Director
Commercial Lending Manager → Commercial Lending Director, 2024
On filings since 2023
45 hrs/week
$145K (2023) → $152K (2024)
Charlotte Harris
Director
On filings since 2020
1 hr/week
No compensation reported
Marcus Jones
Director
On filings since 2020
1 hr/week
No compensation reported
Mark Nelson
Director
On filings since 2020
1 hr/week
No compensation reported
Reba Essary
Director
Chairperson → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Robert Riley
Director
On filings since 2020
1 hr/week
No compensation reported
Thomas West
Director
On filings since 2020
1 hr/week
No compensation reported
Lisa Evans
Director
On filings since 2021
1 hr/week
No compensation reported
Tony Johnson
Director
On filings since 2022
1 hr/week
No compensation reported
Ajaykumar Gupta
Assistant Vice President of Network Administration
Manager & Network Services → Assistant Vice President of Network Administration, 2023
On filings since 2020
45 hrs/week
$126K (2020) → $170K (2024)
Benson P. Bolling
Chief Lending Officer
On filings since 2020
55 hrs/week
$190K (2020) → $329K (2024)
Brandi McKinney
Chief Risk Officer
Assistant Vice President & Human Resources → Vp-Human Resources & Compliance, 2023
Vp-Human Resources & Compliance → Chief Risk Officer, 2024
On filings since 2020
55 hrs/week
$136K (2020) → $220K (2024)
Eleanor Brown
CFO
On filings since 2020
45 hrs/week
$200K (2020) → $314K (2024)
Elizabeth Cole
Vice President of Branch Operations
Assistant Vice President & Branch Operations → Assistant Vice President & Area Branch Operations, 2023
Assistant Vice President & Area Branch Operations → Vice President of Branch Operations, 2024
On filings since 2020
45 hrs/week
$125K (2020) → $259K (2024)
Jim Pennington
Vice President & Collections
On filings since 2020
45 hrs/week
$138K (2020) → $287K (2024)
Kelley Porter
Chief Member Experience Officer
Assistant Vice President & Marketing → Vice President Member Experience, 2023
Vice President Member Experience → Chief Member Experience Officer, 2024
On filings since 2020
45 hrs/week
$130K (2020) → $212K (2024)
Michael Goodman
CIO
On filings since 2020
45 hrs/week
$215K (2020) → $354K (2024)
Michael R. Shults
Vice President of Information Systems
On filings since 2020
45 hrs/week
$169K (2020) → $298K (2024)
Jennifer Browning
Acuis Program Manager
On filings since 2022
45 hrs/week
$166K (2022) → $209K (2024)
Casey Taylor
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Lynne April
Board Vice Chairperson
Director → Chairperson, 2021
Chairperson → Board Vice Chairperson, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Doug Overton (2020) — Director
- Former: Gladys Jones (2020) — Vice Chairperson
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $566K, to Stephen K Swofford (CEO). 15 officers or directors reported compensation on that filing.
Frequently asked questions about Alabama Credit Union
How much does Alabama Credit Union give each year?
Alabama Credit Union gave $73K across 4 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $21K across 2 grants.
What is Alabama Credit Union's typical grant size?
Alabama Credit Union's median grant in 2024 was $19,000, and its average grant was $18,187, across 4 grants on its 2024 IRS Form 990.
Where does Alabama Credit Union give grants?
Alabama Credit Union gives mostly in Alabama: 62% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were New Jersey (25%) and Florida (13%).
Does Alabama Credit Union give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Alabama Credit Union's 2024 IRS Form 990 were described as general or operating support.
How large is Alabama Credit Union?
Alabama Credit Union reported $2.0B in total assets on its 2024 IRS Form 990. Its revenue that year was $143.2M.
What is Alabama Credit Union's EIN?
Alabama Credit Union's EIN (Employer Identification Number) is 63-0440014. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Added Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2023
Explore Open Grants
Browse active grant opportunities in Alabama Credit Union's focus areas in our free grants database
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