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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 Red Oak Credit Union

Red Oak Credit Union

Fiscal year ending 2023. Filed on May 14, 2024.

1008 Veterans Memorial Pkwy
Tuscaloosa, Alabama 35404

Red Oak Credit Union (EIN: 63-0476332) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, Red Oak Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 13 total employees. Among the employees shown here, the average compensation is $157,285. The highest compensated employee at Red Oak Credit Union is Shep Lowery with fiscal year 2023 compensation of $157,285. Red Oak Credit Union changed its name from Credit Unions IN the State of AL Dch Credit Union in 2020.

Revenue, expenses, and employee compensation

Revenue

$2,466,461

Expenses

$2,714,058

Employee compensation

$779,351
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Shep Lowery
President and Chief Executive Officer
$157,285
$130,785 No related comp$26,500
Bobbie Garner
Board Member
$0
Iris Robertson
SC Chair
$0
Tamatha Anthony
SC MEM
$0

Benchmark Employee Compensation

Non-Employee Board Members

Ben Horton
Board Vice Chair
Gregory Madrid
Board Member
Linda Forte
Board Secretary
Michael Wilson
Board Chair
Sammy Watson
Board Member
Susan Dowdle
Board Treasurer

Mission Statement

CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 4,377 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Revisions to this organization profile

May 14, 2024:
2023 Red Oak Credit Union 990 filed
April 12, 2023:
2022 Red Oak Credit Union 990 filed
March 31, 2022:
2021 Red Oak Credit Union 990 filed

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