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Filing year 2024

ALABAMA STATE EMPLOYEES CREDIT UNION

Montgomery, Alabama·EIN 63-0348156·501(c)(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 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Ceo/cfo
Officer (Unspecified)
$271k
$288k
Base
$198k
Bonus
$22k
Other
$7k
Benefits
$18k
CIO
Chief Information Officer
Median to 75th percentile
$208k
$220k
Base
$148k
Bonus
$16k
Other
$1k
Benefits
$21k
CFO
75th to 90th percentile
$185k
$196k
Base
$118k
Bonus
$13k
Other
$2k
Benefits
$20k
Interim CEO
75th to 90th percentile
$172k
$183k
Base
$134k
Bonus
$13k
Other
$2k
Benefits
$838
Director
Board Member
25th percentile to median
$5k
$5k
Director
Board Member
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$796
$844
Director
Board Member
Below 10th percentile
$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.

Pay for the position

Chief Financial Officer pay rose 55% from 2023 to 2024, while revenue rose 7%.

$119k in 2023 to $185k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about ALABAMA STATE EMPLOYEES CREDIT UNION

What does the Chief Information Officer of ALABAMA STATE EMPLOYEES CREDIT UNION earn?

In 2024, the Chief Information Officer of ALABAMA STATE EMPLOYEES CREDIT UNION received $207,869 in total compensation. This pay is above the median (the midpoint) for Chief Information Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Information Officer pay at ALABAMA STATE EMPLOYEES CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Information Officer at ALABAMA STATE EMPLOYEES CREDIT UNION falls between the median and the 75th percentile.

What are ALABAMA STATE EMPLOYEES CREDIT UNION's revenue and expenses?

In 2024, ALABAMA STATE EMPLOYEES CREDIT UNION reported $28.8M in total revenue and $27.1M in total expenses on its IRS Form 990.

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