Nonprofit · EIN 36-4618706
MAX CREDIT UNION
Tax-exempt · MONTGOMERY, AL 36124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $123,834,123 | $100,536,448 | $23,297,675 | $2,149,434,453 | $1,940,079,500 | $209,354,953 |
| December 31, 2023 | 990 | $110,340,417 | $84,301,649 | $26,038,768 | $2,080,252,064 | $1,900,849,004 | $179,403,060 |
| December 31, 2022 | 990 (amended) | $81,267,225 | $62,954,777 | $18,312,448 | $1,964,438,398 | $1,824,298,110 | $140,140,288 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $98,922,948
- Investment income
- $24,911,175
- Net gain from sales of assets
- $203,004
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $89,500
- Benefits paid to members
- $27,451,008
- Compensation of officers, directors and key employees
- $3,157,152
- Other salaries and wages
- $20,701,393
- Salaries, compensation and benefits (total)
- $30,850,134
- Professional fundraising fees
- $0
- Legal fees
- $253,225
- Accounting fees
- $177,055
- Occupancy
- $1,629,397
- Travel
- $111,424
- Depreciation
- $3,294,680
Balance sheet and other
- Total assets, start of year
- $2,080,252,064
- Total assets, end of year
- $2,149,434,453
- Total liabilities, end of year
- $1,940,079,500
- Net assets, end of year
- $209,354,953
- Land, buildings and equipment
- $34,631,626
- Publicly traded securities
- $711,197,102
- Gross unrelated business income
- $737,784
- Gross receipts
- $123,939,217
- Employees
- 341
- Volunteers
- 13
- Year formed
- 1955
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARTIN E HEAD | PRESIDENT/CEO Officer | 40 | $662,803 | $64,856 |
| TIMOTHY MARQUARDT | CHIEF FINANCIAL OFFICER Officer | 40 | $308,014 | $50,939 |
| MIKE HART | EVP CHIEF OPERATIONS OFFICER Officer | 40 | $300,185 | $53,323 |
| CHERYL PAYSON | CHIEF OPTNS EXCEL OFFICER Key employee | 40 | $274,621 | $46,755 |
| MARTEE MOSELEY | MARKET PRESIDENT Highest-paid employee | 40 | $272,813 | $45,244 |
| CLINTON DALE WATKINS | CHIEF INFORMATION OFFICER Key employee | 40 | $260,944 | $50,773 |
| SANDRA BRANCH | CHIEF TALENT OFFICER Key employee | 40 | $244,207 | $48,950 |
| KEN PEAVY | VP WEALTH MANAGEMENT Highest-paid employee | 40 | $239,896 | $52,882 |
| WILLIAM EPPERSON | CHIEF RETAIL OFFICER Key employee | 40 | $228,900 | $48,685 |
| WENDY ANDERSON | CHIEF LENDING OFFICER Key employee | 40 | $230,704 | $44,904 |
| RON CREEL | SVP BUSINESS SERVICES Highest-paid employee | 40 | $218,435 | $47,167 |
| KENNETH HILL | VP MORTGAGE SERVICES Highest-paid employee | 40 | $203,053 | $43,596 |
| LYNETTE CUPPS | CHIEF GROWTH OFFICER Officer | 40 | $193,901 | $43,688 |
| TARA MCDOWELL | VP HUMAN RESOURCES Highest-paid employee | 40 | $189,570 | $46,285 |
| A KELLI WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| K SUE JACKSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| BARBARA T STARR | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JAMES W SOLZE JR | TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN AVERRETT | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| LLOYD WOODMAN JR | DIRECTOR Trustee or director | 1 | $0 |
| CARL WHATLEY | DIRECTOR Trustee or director | 1 | $0 |
| GARY TOMLIN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES LITTLEJOHN | DIRECTOR Trustee or director | 1 | $0 |
| BEA FORNISS | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD CROWELL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARTIN E HEAD | PRESIDENT/CEO Officer | 40 | $559,994 | $61,893 |
| TIMOTHY MARQUARDT | CHIEF FINANCIAL OFFICER Officer | 40 | $296,664 | $48,715 |
| CLINTON DALE WATKINS | CHIEF INFORMATION OFFICER Key employee | 40 | $286,218 | $48,433 |
| CHERYL PAYSON | CHIEF OPTNS EXCEL OFFICER Key employee | 40 | $264,614 | $45,139 |
| MIKE HART | EVP CHIEF OPERATIONS OFFICER Officer | 40 | $260,204 | $34,991 |
| RON CREEL | SVP BUSINESS SERVICES Highest-paid employee | 40 | $241,957 | $45,102 |
| SANDRA BRANCH | CHIEF TALENT OFFICER Key employee | 40 | $233,128 | $48,580 |
| KEN PEAVY | VP WEALTH MANAGEMENT Highest-paid employee | 40 | $224,594 | $50,481 |
| WENDY ANDERSON | CHIEF LENDING OFFICER Key employee | 40 | $220,088 | $43,288 |
| ELIZABETH MOSELEY | VP BUSINESS SERVICES Highest-paid employee | 40 | $217,548 | $43,175 |
| WILLIAM EPPERSON | CHIEF RETAIL OFFICER Highest-paid employee | 40 | $209,643 | $46,859 |
| SANDRA DOWNING | WEALTH ADVISOR Highest-paid employee | 40 | $223,732 | $30,346 |
| LYNETTE CUPPS | CHIEF GROWTH OFFICER Officer | 40 | $185,818 | $41,702 |
| A KELLI WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| K SUE JACKSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA T STARR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES W SOLZE JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN AVERRETT | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LLOYD WOODMAN JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL WHATLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY TOMLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES LITTLEJOHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARTIN E HEAD | PRESIDENT/CEO Officer | 40 | $505,566 | $67,634 |
| TIMOTHY MARQUARDT | CHIEF FINANCIAL OFFICER Officer | 40 | $279,075 | $48,457 |
| WAYNE BLACKWELL | SVP/CHIEF RETAIL OFFICER Key employee | 40 | $273,009 | $46,877 |
| DG MARKWELL | CHIEF MARKETING OFFICER Former | 40 | $292,906 | $2,181 |
| CHERYL PAYSON | SVP/CHIEF SUPPORT OFFICER Key employee | 40 | $249,583 | $37,686 |
| SANDRA BRANCH | CHIEF TALENT OFFICER Key employee | 40 | $213,756 | $45,171 |
| KEN PEAVY | VP WEALTH MANAGEMENT Highest-paid employee | 40 | $209,648 | $48,367 |
| KENNETH HILL | VP MORTGAGE SERVICES Highest-paid employee | 40 | $218,848 | $38,358 |
| WENDY ANDERSON | CHIEF LENDING OFFICER Key employee | 40 | $204,403 | $42,946 |
| ELIZABETH MOSELEY | VP BUSINESS SERVICES Highest-paid employee | 40 | $203,845 | $39,355 |
| CLINTON DALE WATKINS | CHIEF INFORMATION OFFICER Key employee | 40 | $213,616 | $29,306 |
| RON CREEL | SVP BUSINESS SERVICES Highest-paid employee | 40 | $197,076 | $43,372 |
| WILLIAM EPPERSON | SVP CUSTOMER EXPERIENCE Highest-paid employee | 40 | $176,691 | $43,888 |
| A KELLI WISE | DIRECTOR Trustee or director | 1 | $1,913 | $0 |
| K SUE JACKSON | SECRETARY Trustee or director, Officer | 1 | $1,574 | $0 |
| BARBARA T STARR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES W SOLZE JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN AVERRETT | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LLOYD WOODMAN JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL L WHATLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY TOMLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES LITTLEJOHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 244040, MONTGOMERY, AL 36124-4040
- In care of
- % NATASHA PARKER
- Mailing address (990-N for 2018)
- 125 Chennault Circle, Maxwell AFB AL 36112
- Principal officer (990 for 2024)
- MARTIN HEAD, PO BOX 244040, MONTGOMERY, AL 361244040
- Principal officer (990-N for 2018)
- Daneta Harrington, 8724 Robins Look Court, Montgomery AL 36117
- Signed the 990
- BRANTLEY LEVERETTE, SVP-FINANCE
- Phone
- (800) 776-6776
- Website
- WWW.MYMAX.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
MAX IS A STATE-CHARTERED COMMUNITY CREDIT UNION SERVING APPROXIMATELY 126,000 MEMBERS IN THE MONTGOMERY, ALABAMA AND SURROUNDING AREAS.
Program accomplishments
- IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, MAX PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, ANDCERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS ACCOUNTS.
- TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, MAX PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER, REAL ESTATE, AND BUSINESS LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
- IN ADDITION TO THE SAVINGS AND LENDING PRODUCTS WE OFFER, MAX PROVIDES A VARIETY OF OTHER FINANCIAL SERVICES TO MEET THE NEEDS OF OUR MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-4618706
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1422: ALABAMA CREDIT UNION ADMINISTRATION
- Assets (IRS master file)
- $2,149,434,453
- Income (IRS master file)
- $123,939,217
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $123,834,123 | $100,536,448 | $2,149,434,453 | XML |
| 990 | December 2023 | $110,340,417 | $84,301,649 | $2,080,252,064 | XML |
| 990 | December 2022 | $81,267,225 | $62,954,777 | $1,964,438,398 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Daneta Harrington | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-4618706).
Questions about MAX CREDIT UNION
- What is the EIN of MAX CREDIT UNION?
- The employer identification number (EIN) of MAX CREDIT UNION is 36-4618706.
- Is MAX CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
- Are donations to MAX CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAX CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAX CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAX CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAX CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MARTIN HEAD.
- Who are the officers and directors of MAX CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 25 people; 14 received compensation from the organization, the highest $662,803 (MARTIN E HEAD, PRESIDENT/CEO).
- How much revenue does MAX CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $123,834,123, expenses of $100,536,448 and total assets of $2,149,434,453 at year end.
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