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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 2017. Filed on November 15, 2018.

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 2017 IRS Form 990 filing, Mutual Savings Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 96 total employees. Among the employees shown here, the average compensation is $164,474. The highest compensated employee at Mutual Savings Credit Union is Kendall Speed with fiscal year 2017 compensation of $216,622.

Revenue, expenses, and employee compensation

Revenue

$11,644,635

Expenses

$11,335,736

Employee compensation

$5,163,544
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kendall Speed
Chief Executive Officer
$216,622
$202,044 No related comp$14,578
Douglas Key
Vp/Director-Treasurer
$214,000
$199,557 No related comp$14,443
Lynne Loftin
Chief Operating Officer
$173,528
$158,713 No related comp$14,815
Mike Shaw
Chief Technology Officer
$164,023
$149,307 No related comp$14,716
Sonja Purvis
Chief Marketing Officer
$144,768
$129,528 No related comp$15,240
Jimmie Rochester II
Vice-President Business Banking
$134,517
$133,270 No related comp$1,247
Susan Landrum
Chief Financial Officer
$103,860
$98,145 No related comp$5,715

Benchmark Employee Compensation

Non-Employee Board Members

Allen Ritter
Director and Board Member
Derrell Crimm
Supervisory Committee Chairperson
Karl Hendrickson
Supervisory Committee Member
Keith Newton
Board Secretary and Director
Ralph A Ferguson
Director - Board Chairman
Richard Brooks
Director - Board VICE Chairperson
Richard McBee
Director and Board Member

Contractors

Flex Marketing Inspired
Marketing Mailings
$174,957
G4S Secure Solutions Inc
Security Guard
$121,670
Key Greer Harrison & Casey
Legal Counsel and Collections
$116,043

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