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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 2019. Filed on November 16, 2020.

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 2019 IRS Form 990 filing, Mutual Savings Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 96 total employees. Among the employees shown here, the average compensation is $157,327. The highest compensated employee at Mutual Savings Credit Union is Kendall Speed with fiscal year 2019 compensation of $249,509.

Revenue, expenses, and employee compensation

Revenue

$11,441,733

Expenses

$10,920,567

Employee compensation

$5,288,593
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kendall Speed
Ceo/Director - Treasurer
$249,509
$232,149 No related comp$17,360
Lynne Loftin
Chief Operating Officer
$187,202
$169,891 No related comp$17,311
Mike Shaw
Chief Technology Officer
$177,299
$160,028 No related comp$17,271
Sonja Purvis
Chief Marketing Officer
$155,869
$138,666 No related comp$17,203
Jimmie Rochester II
Vice-President Business BA
$144,244
$142,967 No related comp$1,277
Susan Landrum
Chief Financial Officer
$144,022
$136,724 No related comp$7,298
Kim Hunt
Vice President, Human Resources
$120,114
$103,224 No related comp$16,890
Jeff Graham
Vice President, Lending
$119,409
$102,657 No related comp$16,752
Mike Dyer
Vice President Collections
$118,279
$101,570 No related comp$16,709

Benchmark Employee Compensation

Non-Employee Board Members

Allen Ritter
Secretary and Director
Derrell Crimm
Supervisory Committee Chair
Douglas Key
Director and Board Member
Karl Hendrickson
Supervisory Committee Member
Keith Newton
Director - Board Chairman
Ralph A Ferguson Jr
Director and Board Member
Richard Brooks
Director and Board Member
Richard McBee
Vice Chair and Director

Contractors

Flex Marketing Inspired
Marketing Mailings
$177,975
Sts Group
Security
$118,983
G4S Secure Solutions Inc
Security Guard
$118,965
Cn Bailey and CO
Repairs Paiting and Carpeting Contract
$112,027
Key Greer Harrison & Casey
Legal Counsel and Collections
$100,182

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