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Alabama Credit Union

TUSCALOOSA, AL EIN: 63-0440014 Website

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$1.9B

+17.2% YoY

Annual Giving

$21K

Grant Count

2

Avg Grant Size

$11K

About Alabama Credit Union

Based on IRS filings

Alabama Credit Union is a nonprofit organization, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.9B in total assets. In 2023, it awarded 2 grants totaling $21K. Net investment income was $7.4M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

MaconWedowee

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$29M$58M$88M$117M2020202120222023
Metric202320222021
Total Assets$1,922,294,287$1,640,689,087$1,400,922,106
Revenue$106,263,577$76,294,666$57,798,045
Expenses$101,381,357$63,024,332$47,077,943
Qualifying Distributions
Net Investment Income$7,434,355$5,461,425$5,164,988
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$11K$16K$21K0 grants20200 grants20210 grants20222 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

RESCUE MISSION OF MIDDLE…$15KCHRIS HAMMOND YOUTH FOUN…$6K

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

STEPHEN K SWOFFORDCEO$590KTOMMY COBBCHIEF DEVELOPMENT OFFICER$475KMICHAEL GOODMANCIO$333KJUNE LANDRUMINTERIM CEO/ PRESIDENT$323KBENSON P BOLLINGCHIEF LENDING OFFICER$317KELEANOR BROWNCFO$303KMICHAEL R SHULTSVP OF INFORMATION SYSTEMS$281KELIZABETH COLEAVP, AREA BRANCH OPERATIONS$226KJIM PENNINGTONVP, COLLECTIONS$225KJOSEPH HARDYMANAGER OF OUTSIDE SALES$211KBRANDI MCKINNEYVP-HUMAN RESOURCES & COMPLIA…$205KKELLEY PORTERVP MEMBER EXPERIENCE$194KJENNIFER BROWNINGACUIS PROGRAM MANAGER$185KAJAYKUMAR GUPTAAVP OF NETWORK ADMINISTRATION$166KJOHN EDINGTONCOMMERCIAL LENDING MANAGER$145K

From 2023 filing

NameTitleHoursCompensation
REBA ESSARYDIRECTOR1
CASEY TAYLORSECRETARY/TREASURER1
CHARLOTTE HARRISDIRECTOR1
LYNNE APRILBOARD VICE CHAIRPERSON1
MARK NELSONDIRECTOR1
MARCUS JONESDIRECTOR1
THOMAS WESTDIRECTOR1
ROBERT RILEYDIRECTOR1
RON DULEKBOARD CHAIRPERSON1
LISA EVANSDIRECTOR1
TONY JOHNSONDIRECTOR1
MICHAEL GOODMANCIO45$333,467
JUNE LANDRUMINTERIM CEO/ PRESIDENT45$323,346
JIM PENNINGTONVP, COLLECTIONS45$225,438
STEPHEN K SWOFFORDCEO60$589,817
ELEANOR BROWNCFO45$303,289
MICHAEL R SHULTSVP OF INFORMATION SYSTEMS45$280,905
BENSON P BOLLINGCHIEF LENDING OFFICER55$317,407
BRANDI MCKINNEYVP-HUMAN RESOURCES & COMPLIANCE55$205,002
TOMMY COBBCHIEF DEVELOPMENT OFFICER45$474,748
KELLEY PORTERVP MEMBER EXPERIENCE45$193,549
JOSEPH HARDYMANAGER OF OUTSIDE SALES45$210,569
ELIZABETH COLEAVP, AREA BRANCH OPERATIONS45$226,453
JENNIFER BROWNINGACUIS PROGRAM MANAGER45$185,449
AJAYKUMAR GUPTAAVP OF NETWORK ADMINISTRATION45$166,445
JOHN EDINGTONCOMMERCIAL LENDING MANAGER45$145,440

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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