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Filing year 2024

ALABAMA STATE EMPLOYEES CREDIT UNION

Montgomery, Alabama·EIN 63-0348156·14
Total revenue
$28.8M
Total assets
$409.2M
Total expenses
$27.1M
Reported officers
16
Mission

THE CREDIT UNION'S 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.

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

Ceo/cfo
officer (unspecified)
$271k
$288k
Base
$198k
Bonus
$22k
Other
$7k
Benefits
$18k
CIO
chief information officer
$208k
$220k
Base
$148k
Bonus
$16k
Other
$1k
Benefits
$21k
Base
$118k
Bonus
$13k
Other
$2k
Benefits
$20k
$172k
$183k
Base
$134k
Bonus
$13k
Other
$2k
Benefits
$838
Director
board member
$5k
$5k
Director
board member
$1k
$1k
Director
board member
$1k
$1k
Director
board member
$796
$844
Director
board member
$650
$689

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Down 6%
from 2023

From $289k in 2023 to $271k in 2024.

$289k
2023
$271k
2024
In today's dollarsEst.
Down 9% in real terms$315k to $288k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ALABAMA STATE EMPLOYEES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$27M
$23.1M
2023
$28.8M
$27.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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