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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 The Southern Credit Union

The Southern Credit Union

Fiscal year ending 2019. Filed on November 17, 2020.

430 East Lanier Avenue
Fayetteville, Georgia 30214

The Southern Credit Union (EIN: 58-0905515) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, The Southern Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 96 total employees. Among the employees shown here, the average compensation is $294,699. The highest compensated employee at The Southern Credit Union is Ray Hull with fiscal year 2019 compensation of $777,577.

Revenue, expenses, and employee compensation

Revenue

$18,184,933

Expenses

$15,841,168

Employee compensation

$7,877,949
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Ray Hull
Chief Executive Officer and Treasurer
$777,577
$485,913 No related comp$291,664
Trisha Sherpy
Executive Vice President
$425,657
$295,681 No related comp$129,976
Jim Phillips
Chief Financial Officer
$425,381
$295,552 No related comp$129,829
James Richards
Vice President of Mortgages
$246,940
$197,168 No related comp$49,772
Samuel Posey
Chief Information Officer
$204,993
$176,579 No related comp$28,414
Barry Griffin
Vice President of Branch Services
$194,606
$149,410 No related comp$45,196
Michael Lear
Former Chief Marketing Officer
$181,306
$161,565 No related comp$19,741
John Purdy
Chief Lending Officer
$173,208
$157,016 No related comp$16,192
Keith Saltzman
Senior DATA Analyst
$161,193
$138,792 No related comp$22,401
Ryan Edge
Former Regional Vice President
$156,133
$143,587 No related comp$12,546

Benchmark Employee Compensation

Non-Employee Board Members

Robert Matthews
Director
$11,400
$11,400 No related compNo other comp
Randy Hobbs
Director
$11,400
$11,400 No related compNo other comp
Wilton Marchman
Vice Chair
$11,400
$11,400 No related compNo other comp
Morris Kelly
Chair
$11,400
$11,400 No related compNo other comp
John Rick Halbert
Secretary
$11,400
$11,400 No related compNo other comp
Michael Foran
Director
$11,400
$11,400 No related compNo other comp

Contractors

Fiserv
Card and Core Processing
$1,091,487
Digital Insight
Homebanking
$649,895
Bitdiamond Communications Solutions
Statement Processor
$209,318
Dieboldnixdorf
ATM and ATM
$162,353

Mission Statement

AS A STATE-CHARTERED CREDIT UNION, WE PROVIDE THRIFT SAVINGS, LOANS AND OTHER FINANCIAL SERVICES TO OUR MEMBERS.

Revisions to this organization profile

October 6, 2025:
2024 The Southern Credit Union 990 filed
October 2, 2024:
2023 The Southern Credit Union 990 filed
September 18, 2023:
2022 The Southern Credit Union 990 filed

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