Nonprofit · EIN 63-0021787
ALATRUST CREDIT UNION
Tax-exempt · HOOVER, AL 35244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $12,023,741 | $10,187,352 | $1,836,389 | $213,231,947 | $189,447,515 | $23,784,432 |
| December 31, 2024 | 990 | $11,426,984 | $9,641,597 | $1,785,387 | $202,055,003 | $182,764,887 | $19,290,116 |
| December 31, 2023 | 990 | $9,937,960 | $8,033,194 | $1,904,766 | $199,335,118 | $183,108,794 | $16,226,324 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $12,023,741
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $604,095
- Other salaries and wages
- $1,961,741
- Salaries, compensation and benefits (total)
- $2,906,417
- Professional fundraising fees
- $0
- Legal fees
- $14,550
- Accounting fees
- $71,019
- Occupancy
- $416,553
- Travel
- $26,995
- Depreciation
- $222,797
Balance sheet and other
- Total assets, start of year
- $202,055,003
- Total assets, end of year
- $213,231,947
- Total liabilities, end of year
- $189,447,515
- Net assets, end of year
- $23,784,432
- Land, buildings and equipment
- $4,357,645
- Gross unrelated business income
- $52,658
- Gross receipts
- $12,023,741
- Employees
- 42
- Volunteers
- 8
- Year formed
- 1935
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE S STEVE NIX | CEO & BOARD TREASURER Trustee or director, Officer | 40 | $386,640 | $85,046 |
| SHELLEY MCLAUGHLIN | VP OF ADMINISTRATION Officer | 40 | $185,926 | $39,819 |
| KEVIN LOTT | LOAN MANAGER Highest-paid employee | 40 | $127,149 | $34,633 |
| MICHELLE CRUMBLEY | ACCOUNTING MANAGER Trustee or director | 40 | $113,112 | $19,297 |
| DONALD DUCK | CHAIRPERSON OF THE BOARD Trustee or director | 1 | $0 | $0 |
| MARTHA WISE | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| DR SIMPSON BERRY JR | SECRETARY Trustee or director | 1 | $0 | $0 |
| ALVIN WASHINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ROBERTS | SUPERVISORY COMMITTEE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| MIKE LOIACONO | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 |
| PERRY WARD | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 |
| KEN WASMUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE S STEVE NIX | CEO & BOARD TREASURER Trustee or director, Officer | 40 | $367,874 | $82,383 |
| SHELLEY MCLAUGHLIN | VP OF ADMINISTRATION Highest-paid employee | 40 | $164,157 | $37,399 |
| KEVIN LOTT | LOAN MANAGER Highest-paid employee | 40 | $118,917 | $33,136 |
| MICHELLE CRUMBLEY | ACCOUNTING MANAGER Officer | 40 | $99,667 | $17,402 |
| DR BASCOM HENRY WOODWARD RETIRED | FORMER CHAIRMAN Trustee or director | 1 | $0 | $0 |
| DONALD DUCK | BOARD CHAIRMAN Trustee or director | 1 | $0 | $0 |
| PHILLIP WOODS RETIRED | FORMER VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MARTHA WISE | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ALVIN WASHINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR SIMPSON BERRY JR | SECRETARY Trustee or director | 1 | $0 | $0 |
| KEN WASMUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ROBERTS | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 |
| DR PERRY WARD | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE S STEVE NIX | CEO & BOARD TREASURER Trustee or director, Officer | 40 | $333,966 | $47,246 |
| SHELLEY MCLAUGHLIN | VP OF ADMINISTRATION Highest-paid employee | 40 | $133,746 | $22,055 |
| KEVIN LOTT | LOAN MANAGER Highest-paid employee | 40 | $108,191 | $20,538 |
| MICHELLE CRUMBLEY | ACCOUNTING MANAGER Officer | 40 | $84,981 | $9,698 |
| DR BASCOM HENRY WOODWARD | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
| DONALD DUCK | DIRECTOR - SECRETARY Trustee or director | 1 | $0 | $0 |
| PHILLIP WOODS | DIRECTOR - VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MARTHA WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALVIN WASHINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR SIMPSON BERRY JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN WASMUND | SUPERVISORY COMMITTEE Trustee or director | 1 | $0 | $0 |
| JOHN ROBERTS | SUPERVISORY COMMITTEE Trustee or director | 1 | $0 | $0 |
| DR PERRY WARD | SUPERVISORY COMMITTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1810 MERCHANTS DR, HOOVER, AL 35244-1005
- In care of
- % STEVE NIX
- Principal officer (990 for 2025)
- STEVE NIX, PO BOX 36489, HOOVER, AL 35236
- Signed the 990
- STEVE NIX, PRESIDENT/CEO
- Phone
- (205) 581-8800
- Website
- WWW.ALATRUSTCU.COM
- Return prepared by
- PEARCE BEVILL CPAS & ADVISORS PC
Mission
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.
Program accomplishments
- 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. ALATRUST CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO ARE EMPLOYEES OF THE PUBLIC SCHOOLS LOCATED IN JEFFERSON, CALHOUN, WALKER, AND TALLADEGA COUNTIES AND THEIR RELATIVES. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 13,306 MEMBERS.Expenses $10,187,351
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 | 990 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
- 63-0021787
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1422: ALABAMA CREDIT UNION ADMINISTRATION
- Assets (IRS master file)
- $213,231,947
- Income (IRS master file)
- $12,023,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $12,023,741 | $10,187,352 | $213,231,947 | XML |
| 990 | December 2024 | $11,426,984 | $9,641,597 | $202,055,003 | XML |
| 990 | December 2023 | $9,937,960 | $8,033,194 | $199,335,118 | XML |
| 990 | December 2022 | $8,462,340 | $6,122,684 | $187,319,143 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 63-0021787).
Questions about ALATRUST CREDIT UNION
- What is the EIN of ALATRUST CREDIT UNION?
- The employer identification number (EIN) of ALATRUST CREDIT UNION is 63-0021787.
- Is ALATRUST CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1970.
- Are donations to ALATRUST CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALATRUST 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 ALATRUST CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALATRUST CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ALATRUST CREDIT UNION?
- The 990 for the year ended December 31, 2025 names STEVE NIX.
- Who are the officers and directors of ALATRUST CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 12 people; 4 received compensation from the organization, the highest $386,640 (GEORGE S STEVE NIX, CEO & BOARD TREASURER).
- How much revenue does ALATRUST CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $12,023,741, expenses of $10,187,352 and total assets of $213,231,947 at year end.
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