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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 2020. Filed on November 15, 2021.

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 2020 IRS Form 990 filing, Mutual Savings Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 89 total employees. Among the employees shown here, the average compensation is $157,140. The highest compensated employee at Mutual Savings Credit Union is Kendall Speed with fiscal year 2020 compensation of $240,010.

Revenue, expenses, and employee compensation

Revenue

$10,057,708

Expenses

$10,403,873

Employee compensation

$5,444,322
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kendall Speed
Ceo/Director - Treasurer
$240,010
$223,444 No related comp$16,566
Lynne Loftin
Chief Operating Officer
$181,654
$160,889 No related comp$20,765
Mike Shaw
Chief Technology Officer
$167,785
$150,821 No related comp$16,964
Sonja Purvis
Chief Marketing Officer
$147,636
$130,596 No related comp$17,040
Susan Landrum
Chief Financial Officer
$147,385
$136,570 No related comp$10,815
Jimmie Rochester II
Vice-President Business BA
$135,965
$135,086 No related comp$879
Mike Dyer
Vice President Collections
$119,618
$103,111 No related comp$16,507
Jeff Graham
Vice President, Lending
$117,068
$100,671 No related comp$16,397

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Flex Marketing Inspired
Marketing Mailings
$149,354
Key Greer Harrison & Casey
Legal Counsel and Collections
$104,706

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