Alabama One Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Alabama One Credit Union is a 501(c)(14) organization based in Tuscaloosa, Alabama, registered in 1971, with $79,240,379 in FY2024 revenue. CharityIndex grades it A.
1215 Veterans Memorial Pkwy, Tuscaloosa, AL, 35404 EIN 63-0353833 Since 1971
Revenue (FY2024)
$79.2M
▲ 26.6% vs prior year
Expenses (FY2024)
$75.3M
Net assets
$85.9M
Employees
412
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Alabama One Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Alabama One Credit Union: 14 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Alabama One Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Alabama One Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Cooperative credit union
What they do
To meet the financial needs of our memebers, the credit union provides a source of credit by offering a variety of consumer and mortgage lending products at reasonable rates of interest.
Contact & location
- Address
- 1215 Veterans Memorial Pkwy, Tuscaloosa, AL, 35404
- City
- Tuscaloosa
- State
- Alabama
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $27.2M (FY2013) to $79.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $85.9M
Operating margin
4.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$1.2B
Net assets
$85.9M
Salaries & benefits
$24.7M
33% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $79,240,379▲26.6% | $75,340,161▲32.2% | $85,937,673▲0.4% | $1,326,232,250▲8.6% | 990 |
| 2023 | $62,571,573▲25.0% | $57,009,626▲30.2% | $85,559,508▲10.3% | $1,221,344,942▲26.0% | 990 |
| 2022 | $50,038,173▲19.9% | $43,777,146▲18.0% | $77,597,361▼3.1% | $969,346,923▲3.4% | 990 |
| 2021 | $41,746,504▲15.9% | $37,096,975▲13.0% | $80,073,286▲4.5% | $937,318,452▲17.3% | 990 |
| 2020 | $36,023,462▲1.9% | $32,816,258▲10.1% | $76,603,934▲11.2% | $798,798,961▲26.7% | 990 |
| 2019 | $35,348,396▲4.5% | $29,794,310▲7.3% | $68,859,305▲15.5% | $630,309,827▲3.9% | 990 |
| 2018 | $33,821,508▲21.8% | $27,770,467▲13.0% | $59,618,323▲11.3% | $606,535,762▲2.2% | 990 |
| 2017 | $27,775,871▲12.6% | $24,568,279▼0.1% | $53,561,936▲8.0% | $593,599,796▲1.9% | 990 |
| 2016 | $24,672,275▼0.7% | $24,601,413▼25.2% | $49,610,467▼4.8% | $582,725,571▲0.5% | 990 |
| 2015 | $24,855,855▲14.2% | $32,885,645▲11.1% | $52,116,658▼13.9% | $579,717,046▼3.8% | 990 |
| 2014 | $21,771,884▼20.1% | $29,588,616▲27.9% | $60,512,199▼7.8% | $602,659,759▼0.9% | 990 |
| 2013 | $27,249,722 | $23,125,366▼14.7% | $65,660,657▼3.2% | $607,946,390▼1.4% | 990 |
| 2012 | — | $27,124,171▲3.4% | $67,838,491▲2.7% | $616,579,082▲3.1% | 990 |
| 2011 | — | $26,226,031▼10.3% | $66,059,538▲8.8% | $598,041,442▲6.6% | 990 |
| 2010 | — | $29,223,720 | $60,708,829 | $560,866,975 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: William C Wells — $778,244 (1.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William C Wells | Ceo | 40 | $778,244 |
| Whitney Oswalt | Cfo | 40 | $448,846 |
| Shelby Grantham | Senior Director of Operations (term End 2024) | 40 | $418,458 |
| Martin Houstin | Chief Growth Officer (term End 2024) | 40 | $317,365 |
| Jason Halperin | Chief Retail Officer | 40 | $273,086 |
| Robert Long | Chief Technology Officer | 40 | $240,530 |
| Jared Kirby | Svp, Area Executive | 40 | $233,797 |
| William Turner | Senior Director of Treasury | 40 | $218,286 |
| William R Stallings | Chief Commercial Lending Officer (term End 2024) | 40 | $211,847 |
| Michael Brown | Senior Director of Retail | 40 | $189,173 |
| Mindy Hill | Director of Mortgage Lending (term End 2024) | 40 | $180,682 |
| William Rickman | Svp, Area Executive | 40 | $157,970 |
| April Harrod | Board Member | 1 | — |
| Barry Mixon | Board Member | 1 | — |
| Bill Warren | Board Member | 1 | — |
| Bj Stabler | Board Member | 1 | — |
| Byron Abston | Board Member | 1 | — |
| Craig Patterson | Board Member | 1 | — |
| David Loe | Supervisory Committee Chairperson | 1 | — |
| Ed Williamson | Supervisory Committee Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Quality Data Systems Inc | Atm/itm Servicing | $2,057,953 |
| Beasley Construction Services Inc | Construction Services | $1,602,873 |
| The Next Best Thing | Janitorial Services | $273,905 |
| Rosen Harwood PA | Legal Services | $237,816 |
| Redi Enterprise Development | Card Monitoring | $219,946 |
Grants made · $34K in FY2024
1 grant totaling $34K in FY2024. All grants made by Alabama One Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Alabama One Aspire Foundation | Donations to sponsor ao aspire's mission. | $33,765 |
Frequently asked questions
- Is Alabama One Credit Union a legitimate nonprofit?
- Yes. Alabama One Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 63-0353833, based in Tuscaloosa, Alabama.
- What is Alabama One Credit Union's EIN?
- Alabama One Credit Union's Employer Identification Number (EIN) is 63-0353833.
- How much revenue does Alabama One Credit Union report?
- Alabama One Credit Union reported $79,240,379 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Alabama One Credit Union have?
- CharityIndex grades Alabama One Credit Union A, based on financial health (reserves and operating margin).
- How much does Alabama One Credit Union's highest-paid employee make?
- The highest reported compensation on Alabama One Credit Union's latest Form 990 is $778,244, paid to William C Wells (Ceo).
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Explore more
Data for Alabama One Credit Union (EIN 63-0353833) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.