Compensation 990

Max Credit Union

Fiscal year ending 2020. Filed on November 8, 2021.

PO Box 244040
Montgomery, Alabama 36124

Max Credit Union (EIN: 36-4618706) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Max Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 12 out of 357 total employees. Among the employees shown here, the average compensation is $266,357. The highest compensated employee at Max Credit Union is Martin Edward Head with fiscal year 2020 compensation of $562,368.

Revenue, expenses, and employee compensation

Revenue

$78,182,943

Expenses

$67,246,495

Employee compensation

$26,625,630
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Martin Edward Head
President and Chief Executive Officer
$562,368
$504,366 from orgNo related comp$58,002 other
Kenneth Hill
Vice President Mortgage Services
$299,314
$270,482 from orgNo related comp$28,832 other
Wayne Blackwell
Svp/Chief Retail Officer
$289,649
$250,058 from orgNo related comp$39,591 other
Tim Marquardt
Senior Vice President and Chief Financial Officer
$288,046
$246,310 from orgNo related comp$41,736 other
Scott Lindley
Senior Vice President and Chief Information Officer
$263,617
$223,223 from orgNo related comp$40,394 other
Cheryl Payson
Svp/Chief Support Officer
$253,343
$223,060 from orgNo related comp$30,283 other
Sandra Stenger
SVC CTR Consultant III
$232,052
$197,001 from orgNo related comp$35,051 other
Ken Peavy
Advisor
$219,921
$183,880 from orgNo related comp$36,041 other
Ron Creel
Senior Vice President Business Services
$210,747
$178,791 from orgNo related comp$31,956 other
Bruce Chafin
Senior Vice President MAX Capital
$200,067
$168,849 from orgNo related comp$31,218 other
Dg Markwell
Chief Marketing Officer
$191,908
$161,882 from orgNo related comp$30,026 other
Wendy Anderson
AVP Consumer Underwriting
$185,253
$156,669 from orgNo related comp$28,584 other

Non-Employee Board Members

A Kelli Wise
Director
Barbara T Starr
Chair
Carl L Whatley Jr
Director
Gary Tomlin
Director
James W Solze Jr
Treasurer
John Averrett
Vice Chair
K Sue Jackson
Secretary
Lloyd Woodman Jr
Director

Contractors

High Cotton
Statement
$1,051,591
Q2 Software
Homebanking Software
$874,007
Jack Henry & Associates Inc.
Core IT Processing
$815,138
Windstream
Communications
$734,648
Salesforcecom Inc.
Software
$722,424

Mission Statement

THE CREDIT UNION IS A COOPERATIVE COMMUNITY FINANCIAL INSTITUTION WHICH WAS ORGANIZED TO PROMOTE THRIFT AMONG ITS MEMBERS AS WELL AS TO PROVIDE A SOURCE OF CREDIT FOR ITS MEMBERS.

Revisions to this organization profile

November 17, 2025:
Amended (originally filed November 13, 2023)2022 Max Credit Union 990 filed
October 13, 2025:
2024 Max Credit Union 990 filed
November 8, 2024:
2023 Max Credit Union 990 filed

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