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ALABAMA STATE EMPLOYEES CREDIT UNION

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Public IRS 990 nonprofit record

ALABAMA STATE EMPLOYEES CREDIT UNION

EIN 63-0348156 · Mutual & Membership Benefit (Y)

What they do

THE CREDIT UNIONS MISSION is to PROMOTE THRIFT AMONG ITS MEMBERS and CREATE A SOURCE of CREDIT for THEM AT LEGITIMATE RATES of INTEREST. THE CREDIT UNION SERVES MEMBERS IN THE MONTGOMERY, ALABAMA AREA and SURROUNDING COUNTIES. THE TOTAL NUMBER of MEMBERS is IN EXCESS of 43,000.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$93.91spent for every $100 of revenueRevenue covered expenses this year.
$15.10in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $271,078 for JASON DEAN (CEO/CFO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$28,846,539
Expenses$27,090,163
Annual surplus $1,756,376 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$28,846,539
Expenses$27,090,163
Assets$409,170,750
Income$28,846,539
Stocks and bonds$64,500,054
Accounting fees$62,000
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JASON DEANCEO/CFO · 40 hrs/week $271,078Base $227,439 · Other $43,639
JOHN DAVID LAMBERTCIO · 40 hrs/week $207,869Base $164,494 · Other $43,375
ALESIA DOOLEYCFO · 40 hrs/week $184,774Base $132,760 · Other $52,014
SHANNON WATKINSINTERIM CEO · 40 hrs/week $172,495Base $148,646 · Other $23,849
PERRY TAYLORDIRECTOR · 2 hrs/week $4,500
BOBBY BRYANDIRECTOR · 2 hrs/week $1,160
SCOTT GRIERDIRECTOR · 2 hrs/week $1,126
TIM HATCHDIRECTOR · 2 hrs/week $796
LORRAINE DERAMUSDIRECTOR · 2 hrs/week $650

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

JASON DEANCEO/CFO

JOHN DAVID LAMBERTCIO

ALESIA DOOLEYCFO

SHANNON WATKINSINTERIM CEO

PERRY TAYLORDIRECTOR

BOBBY BRYANDIRECTOR

SCOTT GRIERDIRECTOR

TIM HATCHDIRECTOR

LORRAINE DERAMUSDIRECTOR

CAROL J PRESTONBOARD PRESIDENT

CHARLIE LASSITERDIRECTOR

CLAUDIA SMITHDIRECTOR

JOHN PHILIP GRAYBOARD VICE-PRESIDENT

JOHN TYLER GRAYDIRECTOR

MELINDA CLACKBOARD SECRETARY

SHARON MILLSBOARD TREASURER

About this charity

Recognized since
January 1971
Location
4217 LOMAC ST, MONTGOMERY, AL 36106-2816
County
Montgomery
In care of
SHANNON WATKINS
Primary officer
SHANNON WATKINS, INTERIM CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
WARREN AVERETT LLC
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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