Nonprofit · EIN 63-0328360
SOUTHERN ENERGY CREDIT UNION
Tax-exempt · BIRMINGHAM, AL 35203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $119,293,106 | $110,753,878 | $8,539,228 | $3,450,256,926 | $3,204,746,107 | $245,510,819 |
| December 31, 2023 | 990 | $118,347,236 | $100,998,695 | $17,348,541 | $3,501,472,069 | $3,288,093,222 | $213,378,847 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $119,293,106
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,510
- Compensation of officers, directors and key employees
- $2,954,163
- Other salaries and wages
- $10,400,451
- Salaries, compensation and benefits (total)
- $18,548,614
- Professional fundraising fees
- $0
- Legal fees
- $71,675
- Accounting fees
- $120,681
- Occupancy
- $1,009,681
- Depreciation
- $1,235,350
Balance sheet and other
- Total assets, start of year
- $3,501,472,069
- Total assets, end of year
- $3,450,256,926
- Total liabilities, end of year
- $3,204,746,107
- Net assets, end of year
- $245,510,819
- Land, buildings and equipment
- $27,164,977
- Gross unrelated business income
- $171,808
- Gross receipts
- $119,293,106
- Employees
- 204
- Volunteers
- 17
- Year formed
- 1953
- 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 |
|---|---|---|---|---|
| BLANE MINK | CFO/VP Officer | 40 | $993,121 | $299,405 |
| DERRICK RAGLAND | CEO Officer | 40 | $996,017 | $36,968 |
| ANDY RUSH | COO Officer | 40 | $409,902 | $154,351 |
| ANGELA WRIGHT | IT MANAGER Highest-paid employee | 40 | $255,131 | $216,626 |
| DANNA HORNE | ADMIN MANAGER Highest-paid employee | 40 | $187,588 | $162,223 |
| JACOB JULIAN | COMPTROLLER Highest-paid employee | 40 | $204,920 | $101,759 |
| PRESTON HOLDER | LENDING MANAGER Highest-paid employee | 40 | $154,290 | $73,412 |
| JONATHAN CANTRELL | LOAN OFFICER Highest-paid employee | 40 | $146,992 | $25,458 |
| DON MANUEL | FORMER KEY EMPLOYEE Former | 1 | $101,375 | $1,126 |
| CELIA YATES | DIRECTOR - SECRETARY Trustee or director | 1 | $10,453 | $0 |
| ALLISON BOONE | DIRECTOR - VICE CHAIRPERSON Trustee or director | 1 | $8,471 | $0 |
| ROBERT B ROY | DIRECTOR Trustee or director | 1 | $8,142 | $0 |
| GREGG SHIPP | DIRECTOR - CHAIRPERSON Trustee or director | 1 | $7,340 | $0 |
| DANIEL BLALOCK | DIRECTOR - TREASURER Trustee or director | 1 | $7,088 | $0 |
| CARLTON STEPHENS | DIRECTOR Trustee or director | 1 | $6,016 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG BASS | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $4,851 |
| JOHN VALEKIS | DIRECTOR Trustee or director | 1 | $4,162 |
| CARISSA LEDBETTER | SUPERVISORY COMMITTEE CHAIRPERSON Trustee or director | 1 | $3,845 |
| MARK WILKINSON | DIRECTOR Trustee or director | 1 | $2,049 |
| ANN WILKINSON | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $1,950 |
| CONSTANTINE SFAKIANOS | DIRECTOR Trustee or director | 1 | $33 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DERRICK RAGLAND | CEO Officer | 40 | $4,573,446 | $38,051 |
| BLANE MINK | CFO/VP Officer | 40 | $459,827 | $280,645 |
| ANDY RUSH | COO Officer | 40 | $373,569 | $154,007 |
| ANGELA WRIGHT | IT MANAGER Highest-paid employee | 40 | $240,893 | $132,106 |
| DANNA HORNE | ADMIN MANAGER Highest-paid employee | 40 | $167,861 | $142,974 |
| JACOB JULIAN | COMPTROLLER Highest-paid employee | 40 | $195,908 | $94,531 |
| PRESTON HOLDER | LENDING MANAGER Highest-paid employee | 40 | $144,992 | $65,887 |
| JONATHAN CANTRELL | LOAN OFFICER Highest-paid employee | 40 | $142,216 | $30,914 |
| DAVID A MARLOWE | FORMER COO OF POWERCO Former | 40 | $160,184 | $0 |
| MARCIA E TIDMORE | FORMER CFO OF POWERCO Former | 40 | $149,390 | $0 |
| DAN BLALOCK | DIRECTOR Trustee or director | 1 | $10,346 | $0 |
| ALLISON BOONE | DIRECTOR Trustee or director | 1 | $8,471 | $0 |
| ROBERT B ROY | DIRECTOR Trustee or director | 1 | $7,162 | $0 |
| CELIA YATES | DIRECTOR - SECRETARY Trustee or director | 1 | $6,351 | $0 |
| CARISSA LEDBETTER | SUPERVISORY COMMITTEE Trustee or director | 1 | $6,280 | $0 |
| CARLTON STEPHENS | DIRECTOR Trustee or director | 1 | $6,016 | $0 |
| GREG BASS | SUPERVISORY COMMITTEE CHAIR Trustee or director | 1 | $4,851 | $0 |
| GREGG SHIPP | DIRECTOR - VICE CHAIRPERSON Trustee or director | 1 | $4,817 | $0 |
| WENDELL PATE | DIRECTOR Trustee or director | 1 | $3,256 | $0 |
| MARK WILKINSON | DIRECTOR - CHAIRPERSON Trustee or director | 1 | $1,805 | $0 |
| JOHN VALEKIS | DIRECTOR - TREASURER Trustee or director | 1 | $1,754 | $0 |
| ANN WILKINSON | SUPERVISORY COMMITTEE Trustee or director | 1 | $1,718 | $0 |
Address and contacts
- Address (IRS master file)
- 750 17TH ST N, BIRMINGHAM, AL 35203-2020
- In care of
- % DERRICK RAGLAND JR
- Principal officer (990 for 2024)
- BLANE MINK, 750 17TH STREET NORTH, BIRMINGHAM, AL 35203
- Signed the 990
- BLANE MINK, CFO
- Phone
- (205) 226-6800
- Website
- WWW.APCOCU.ORG
- Return prepared by
- PEARCE BEVILL LEESBURG MOORE 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. APCO EMPLOYEES CREDIT UNION,AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE THESE SERVICES TO ITS MEMBERS WHO ARE EMPLOYEES AND THEIR RELATIVES OF ALABAMA POWER COMPANY. THE CREDIT UNION'S MEMBERSHIP ALSO INCLUDES AFFILIATES OF ALABAMA POWER AND SELECTED EMPLOYEE GROUPS WITHIN THE REGION. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 85,419 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
- 63-0328360
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1422: ALABAMA CREDIT UNION ADMINISTRATION
- Assets (IRS master file)
- $3,450,256,926
- Income (IRS master file)
- $119,293,106
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $119,293,106 | $110,753,878 | $3,450,256,926 | XML |
| 990 | December 2023 | $118,347,236 | $100,998,695 | $3,501,472,069 | XML |
| 990 | December 2022 | $88,615,377 | $62,410,992 | $3,420,389,538 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 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 63-0328360).
Questions about SOUTHERN ENERGY CREDIT UNION
- What is the EIN of SOUTHERN ENERGY CREDIT UNION?
- The employer identification number (EIN) of SOUTHERN ENERGY CREDIT UNION is 63-0328360.
- Is SOUTHERN ENERGY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1941.
- Are donations to SOUTHERN ENERGY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN ENERGY 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 SOUTHERN ENERGY 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 SOUTHERN ENERGY 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 SOUTHERN ENERGY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names BLANE MINK.
- Who are the officers and directors of SOUTHERN ENERGY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 21 people; 21 received compensation from the organization, the highest $993,121 (BLANE MINK, CFO/VP).
- How much revenue does SOUTHERN ENERGY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $119,293,106, expenses of $110,753,878 and total assets of $3,450,256,926 at year end.
Other nonprofits in BIRMINGHAM
- UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION PC EIN 63-0649108 · last filed 990 for 2025
- SOUTHEASTERN CONFERENCE EIN 63-0377461 · last filed 990 for 2025
- NAVIGATE AFFORDABLE HOUSING PARTNERS INC EIN 63-0985617 · last filed 990 for 2024
- SAMFORD UNIVERSITY EIN 63-0312914 · last filed 990 for 2025
- ST VINCENTS BIRMINGHAM EIN 63-0288864 · last filed 990 for 2024
- UNITED WAY OF CENTRAL ALABAMA INC EIN 63-0288846 · last filed 990 for 2024
- THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM EIN 63-1209631 · last filed 990 for 2024
- ST VINCENTS EAST EIN 63-0578923 · last filed 990 for 2024