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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Alabama Credit Union

Alabama Credit Union

Fiscal year ending 2019. Filed on November 5, 2020.

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 2019 IRS Form 990 filing, Alabama Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 13 out of 336 total employees. Among the employees shown here, the average compensation is $261,505. The highest compensated employee at Alabama Credit Union is Kay M Bell with fiscal year 2019 compensation of $756,705.

Revenue, expenses, and employee compensation

Revenue

$48,611,443

Expenses

$43,225,495

Employee compensation

$16,173,654
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kay M Bell
Chief Operating Officer
$756,705
$739,585 No related comp$17,120
Stephen K Swofford
President and Chief Executive Officer
$614,667
$558,790 No related comp$55,877
Tommy Cobb
Senior Vice President of Branch Operat
$296,795
$271,679 No related comp$25,116
Michael Goodman
Chief Information Officer
$234,176
$211,765 No related comp$22,411
Eleanor Brown
Chief Financial Officer
$231,776
$205,618 No related comp$26,158
Benson P Bolling
Chief Lending Officer
$215,257
$196,320 No related comp$18,937
Michael R Shults
Vice President, Information Systems
$197,602
$184,694 No related comp$12,908
June Landrum
AVP, Branch Operations
$164,530
$145,669 No related comp$18,861
Jim Pennington
Vice President, Collections
$158,264
$138,740 No related comp$19,524
Elizabeth Cole
AVP, Branch Operations
$157,016
$138,698 No related comp$18,318
Ajaykumar Gupta
Manager, Network Services
$127,780
$114,196 No related comp$13,584
Jennifer Beatty
Financial Services Representative
$125,269
$107,902 No related comp$17,367

Benchmark Employee Compensation

Non-Employee Board Members

Casey Taylor
Secretary and Treasurer
Charlotte Harris
Director
Doug Overton
Director
Gladys Jones
Vice Chair
Lynne April
Director
Marcus Jones
Director
Mark Nelson
Director
Reba Essary
Chair
Robert Riley
Director
Ron Dulek
Director
Thomas West
Director

Contractors

Lscu Corp. Inc.
Audit/Co-Op
$1,181,766
Windstream Services LLC
Telecommunications
$824,927
Velocity Solutions Inc.
Ars/Ics Programs
$762,868
M2 the Agency Inc.
Marketing
$499,867
Fundsxpress Financial Network Inc.
Bill Pay
$444,816

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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Other organizations also named Alabama Credit Union

Alabama Credit Union Administration
Opp, Alabama
Alabama Credit Union Foundation Inc.
Tuscaloosa, Alabama