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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 2022. Filed on November 15, 2023.

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 2022 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 $178,824. The highest compensated employee at Mutual Savings Credit Union is Kendall L Speed with fiscal year 2022 compensation of $301,946.

Revenue, expenses, and employee compensation

Revenue

$12,277,489

Expenses

$10,984,804

Employee compensation

$5,479,035
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kendall L Speed
Ceo/Director - Treasurer
$301,946
$285,016 No related comp$16,930
Lynne Loftin
Chief Operating Officer
$210,851
$193,931 No related comp$16,920
Mike Shaw
Chief Technology Officer
$192,227
$175,307 No related comp$16,920
Sonja Purvis
Chief Marketing Officer
$182,529
$165,609 No related comp$16,920
Susan Landrum
Chief Financial Officer
$164,601
$157,759 No related comp$6,842
Jimmie Rochester II
Vice-President Business BA
$156,261
$156,261 No related compNo other comp
Mike Dyer
Vice President Collections
$135,377
$118,457 No related comp$16,920
Jeffrey Graham
Vice President, Lending
$133,527
$116,607 No related comp$16,920
Kimberly Hunt
Vice President, Human Resources
$132,093
$115,173 No related comp$16,920

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Flex Marketing Inspired
Marketing Mailings
$165,866
Key Greer Harrison & Casey
Legal Counsel and Collections
$138,489
Allied Universal Security
Security
$127,299

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