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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 Mutual Savings Credit Union

Mutual Savings Credit Union

Fiscal year ending 2024. Filed on November 17, 2025.

2040 Valleydale Road
Birmingham, Alabama 35244

Mutual Savings Credit Union (EIN: 63-0148940) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Mutual Savings Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 90 total employees. Among the employees shown here, the average compensation is $176,274. The highest compensated employee at Mutual Savings Credit Union is Kendall L Speed with fiscal year 2024 compensation of $329,554.

Revenue, expenses, and employee compensation

Revenue

$16,987,143

Expenses

$15,120,066

Employee compensation

$5,925,279
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kendall L Speed
Ceo/Director - Treasurer
$329,554
$309,111 No related comp$20,443
Lynne Loftin
Chief Operating Officer
$222,753
$204,892 No related comp$17,861
Sonja Purvis
Chief Marketing Officer
$216,354
$198,493 No related comp$17,861
Mike Shaw
Chief Technology Officer
$205,661
$185,218 No related comp$20,443
Jimmie Rochester II
Vice President Business Banking
$168,589
$165,669 No related comp$2,920
Michael Dyer
Vice President Collections
$144,176
$126,334 No related comp$17,842
Jeffrey Graham
Vice President Lending Services
$143,568
$123,125 No related comp$20,443
Kimberly Hunt
Vice President, Human Resources
$142,341
$121,898 No related comp$20,443
Susan Landrum
CFO (Retired in 2024)
$139,742
$132,829 No related comp$6,913
David Mooney
Chief Financial Officer
$120,754
$115,375 No related comp$5,379
Melissa Ficquette
Highest Compensated Employee
$105,522
$101,551 No related comp$3,971

Benchmark Employee Compensation

Non-Employee Board Members

Allen Ritter
Board Member
Derrell Crimm
Board Member
Karl Hendrickson
Supervisory Committee Chairperson
Keith Newton
Board Vice Chair
Linda Allison
Supervisory Committee Member
R A Ferguson Jr
Board Member
Richard Brooks
Board Chair
Richard McBee
Board Secretary

Contractors

Key Greer Harrison & Casey
Legal Counsel and Collections
$284,845
Flex Marketing Inspired
Marketing Mailings
$227,795
Iheartmedia Inc.
Advertising/Marketing
$173,095
Allied Universal Security
Security
$163,744
Pearce Bevill Leesburg Moore PC
Accounting
$161,171

Mission Statement

COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

Revisions to this organization profile

November 17, 2025:
2024 Mutual Savings Credit Union 990 filed
November 15, 2024:
2023 Mutual Savings Credit Union 990 filed
November 15, 2023:
2022 Mutual Savings Credit Union 990 filed

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Mutual Savings Credit Union
Birmingham, Alabama