Alabama Credit Union

Fiscal year ending 2024. Filed on November 10, 2025.

PO Box 862998
Tuscaloosa, Alabama 35486

Alabama Credit Union (EIN: 63-0440014) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Alabama Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 15 out of 489 total employees. Among the employees shown here, the average compensation is $352,108. The highest compensated employee at Alabama Credit Union is Stephen K Swofford with fiscal year 2024 compensation of $620,371.

Revenue, expenses, and employee compensation

Revenue

$143,233,716

Expenses

$131,954,975

Employee compensation

$29,367,127

Reported Compensated Employees

Stephen K Swofford

Chief Executive Officer

$620,371

$566,046 No related comp$54,325

Joseph Hardy

President of Acusi

$586,267

$535,797 No related comp$50,470

Tommy Cobb

President of ACUS Holdings

$524,841

$498,990 No related comp$25,851

Michael Goodman

Chief Information Officer

$409,063

$353,808 No related comp$55,255

June Landrum

President

$390,038

$356,144 No related comp$33,894

Jim Pennington

Vice President, Collections

$361,638

$286,987 No related comp$74,651

Benson P Bolling

Chief Lending Officer

$359,142

$329,082 No related comp$30,060

Eleanor Brown

Chief Financial Officer

$341,729

$314,064 No related comp$27,665

Michael R Shults

Vice President, Information Systems

$326,805

$298,340 No related comp$28,465

Elizabeth Cole

Vice President of Branch Operations

$282,971

$258,579 No related comp$24,392

Brandi McKinney

Chief Risk Officer

$245,198

$220,330 No related comp$24,868

Jennifer Browning

Acuis Program Manager

$234,174

$209,330 No related comp$24,844

Benchmark Employee Compensation

Non-Employee Board Members

Secretary and Treasurer

Charlotte Harris

Board Vice Chair

Contractors

Digital Banking

Payment and Fintech Provider

ATM/Itm/Alarm/Tcr

Windstream Services LLC

Telecommunications

M2 the Agency Inc.

Marketing Advertising

Mission Statement

TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS

Revisions to this organization profile

November 10, 2025:

2024 Alabama Credit Union 990 filed

November 14, 2024:

2023 Alabama Credit Union 990 filed

November 13, 2023:

2022 Alabama Credit Union 990 filed

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