Credit Unions In The State Of Alabama

Organization Overview

Credit Unions In The State Of Alabama is located in Anniston, AL. The organization was established in 1967. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Credit Unions In The State Of Alabama employed 81 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of Alabama is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Credit Unions In The State Of Alabama generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $7.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COOPERATIVE CREDIT UNION

Describe the Organization's Program Activity:

Part 3 - Line 4a

CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A 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. FORT MCCLELLAN CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS. THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PRIMARILY PERSONS WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN CALHOUN, CLEBURNE, TALLADEGA, CLAY, RANDOLPH, CHEROKEE, ETOWAH, ST. CLAIR, AND CHAMBERS COUNTIES, ALABAMA; CITY, COUNTY STATE, AND FEDERAL EMPLOYEES LIVING OR WORKING IN ST. CLAIR AND ETOWAH COUNTIES; NATIONAL GUARD AND US ARMY RESERVE PERSONNEL WITHIN THE TRADE AREA OF FMCU; AND THEIR RELATIVES. AS OF DECEMBER 31, 2021, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 16,370 MEMBERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$7,242,048
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,242,048

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