Nonprofit · EIN 63-0353833
ALABAMA ONE CREDIT UNION
Tax-exempt · TUSCALOOSA, AL 35404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $79,240,379 | $75,340,161 | $3,900,218 | $1,326,232,250 | $1,240,294,577 | $85,937,673 |
| December 31, 2023 | 990 | $62,571,573 | $57,009,626 | $5,561,947 | $1,221,344,942 | $1,135,785,434 | $85,559,508 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $79,240,379
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $38,765
- Compensation of officers, directors and key employees
- $3,090,237
- Other salaries and wages
- $16,410,643
- Salaries, compensation and benefits (total)
- $24,736,422
- Professional fundraising fees
- $0
- Legal fees
- $251,874
- Accounting fees
- $141,000
- Occupancy
- $1,582,975
- Depreciation
- $3,614,174
Balance sheet and other
- Total assets, start of year
- $1,221,344,942
- Total assets, end of year
- $1,326,232,250
- Total liabilities, end of year
- $1,240,294,577
- Net assets, end of year
- $85,937,673
- Land, buildings and equipment
- $31,487,146
- Gross unrelated business income
- $1,833,496
- Gross receipts
- $79,240,379
- Employees
- 412
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM C WELLS | CEO Officer | 40 | $778,244 | $0 | $186,496 |
| WHITNEY OSWALT | CFO Officer | 40 | $448,846 | $0 | $104,967 |
| SHELBY GRANTHAM | SENIOR DIRECTOR OF OPERATIONS (TERM END 2024) Key employee | 40 | $418,458 | $0 | $42,574 |
| MARTIN HOUSTIN | CHIEF GROWTH OFFICER (TERM END 2024) Highest-paid employee | 40 | $317,365 | $0 | $42,196 |
| JASON HALPERIN | CHIEF RETAIL OFFICER Key employee | 40 | $273,086 | $0 | $57,085 |
| ROBERT LONG | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $240,530 | $0 | $41,833 |
| JARED KIRBY | SVP, AREA EXECUTIVE Highest-paid employee | 40 | $233,797 | $0 | $40,611 |
| WILLIAM TURNER | SENIOR DIRECTOR OF TREASURY Key employee | 40 | $218,286 | $5,200 | $47,172 |
| MICHAEL BROWN | SENIOR DIRECTOR OF RETAIL Highest-paid employee | 40 | $189,173 | $0 | $56,242 |
| WILLIAM R STALLINGS | CHIEF COMMERCIAL LENDING OFFICER (TERM END 2024) Key employee | 40 | $211,847 | $0 | $20,813 |
| WILLIAM RICKMAN | SVP, AREA EXECUTIVE Highest-paid employee | 40 | $157,970 | $0 | $34,534 |
| MINDY HILL | DIRECTOR OF MORTGAGE LENDING (TERM END 2024) Highest-paid employee | 40 | $180,682 | $0 | $9,128 |
| SCOTT BOBO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TAMIKA ALEXANDER | BOARD SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| FRANKLIN BOHANNON | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BJ STABLER | BOARD MEMBER Trustee or director | 1 | $0 |
| RON ABERNATHY | BOARD TREASURER Trustee or director | 1 | $0 |
| BILL WARREN | BOARD MEMBER Trustee or director | 1 | $0 |
| LUCY SELLERS | BOARD MEMBER Trustee or director | 1 | $0 |
| ED WILLIAMSON | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 |
| DAVID LOE | SUPERVISORY COMMITTEE CHAIRPERSON Trustee or director | 1 | $0 |
| LOO WHITFIELD | BOARD CHAIRPERSON Trustee or director | 1 | $0 |
| FRED BRASWELL | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 |
| SHELIA PENN | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM FANNING | BOARD MEMBER Trustee or director | 1 | $0 |
| BARRY MIXON | BOARD MEMBER Trustee or director | 1 | $0 |
| BYRON ABSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| APRIL HARROD | BOARD MEMBER Trustee or director | 1 | $0 |
| CRAIG PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM C WELLS | CEO Officer | 40 | $593,911 | $0 | $177,296 |
| WHITNEY OSWALT | CFO Officer | 40 | $292,763 | $0 | $101,335 |
| JASON HALPERIN | CHIEF RETAIL LENDING OFFIC Key employee | 40 | $266,804 | $0 | $57,350 |
| ROBERT LONG | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $227,889 | $0 | $89,296 |
| WILLIAM R STALLINGS | CHIEF COMMERCIAL LENDING O Key employee | 40 | $220,659 | $0 | $40,013 |
| MICHAEL BROWN | SENIOR DIRECTOR OF RETAIL OPERATI Highest-paid employee | 40 | $159,668 | $0 | $63,592 |
| SHELBY GRANTHAM | SENIOR DIRECTOR OF OPERATI Key employee | 40 | $165,416 | $0 | $55,786 |
| WILLIAM TURNER | SENIOR DIRECTOR OF TREASURY Key employee | 40 | $166,042 | $1,125 | $42,843 |
| BRITTANY FLOYD | SENIOR DIRECTOR OF MARKETING & BUSINESS DEVELOPMEN Highest-paid employee | 40 | $139,894 | $0 | $60,149 |
| MARTIN HOUSTIN | CHIEF GROWTH OFFICER Highest-paid employee | 40 | $143,832 | $0 | $55,085 |
| WILLIAM RICKMAN | AREA EXECUTIVE Highest-paid employee | 40 | $163,744 | $0 | $28,077 |
| TYLER FOSTER | DIRECTOR OF WEALTH ADVISOR Highest-paid employee | 40 | $137,980 | $0 | $34,756 |
| RON ABERNATHY | BOARD TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| TAMIKA ALEXANDER | BOARD SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| FRANKLIN BOHANNON | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARION DODSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TOM FANNING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BARRY MIXON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LUCY SELLERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE SMITH | SUPERVISORY COMMITTEE MEMB Trustee or director | 1 | $0 | $0 | $0 |
| JONATHAN WALKER | SUPERVISORY COMMITTEE MEMB Trustee or director | 1 | $0 | $0 | $0 |
| LOO WHITFIELD | BOARD CHAIRPERSON Trustee or director | 1 | $0 | $0 | $0 |
| FRED BRASWELL | BOARD VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 | $0 |
| DAVID LOE | SUPERVISORY COMMITTEE CHAIRPERSON Trustee or director | 1 | $0 | $0 | $0 |
| SHELIA PENN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1215 VETERANS MEMORIAL PKWY, TUSCALOOSA, AL 35404-5842
- In care of
- % WHITNEY OSWALT
- Principal officer (990 for 2024)
- WHITNEY OSWALT, 1215 VETERANS MEMORIAL PARKWAY, TUSCALOOSA, AL 35404
- Signed the 990
- WHITNEY OSWALT, CEO
- Phone
- (205) 759-1595
- Website
- WWW.ALABAMAONE.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
- ALABAMA BANKING CODE, SECTION 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. ALABAMA ONE CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS. THE CREDIT UNION'S MEMBERSHIP IS PRIMARILY COMPRISED OF PERSONS WHO LIVE AND WORK IN TUSCALOOSA COUNTY, ALABAMA AND THIRTY-THREE OTHER COUNTIES THROUGHOUT ALABAMA; EMPLOYEES, RESIDENTS, AND/OR PATIENTS OF VARIOUS MEDICAL PROVIDERS WITHIN THE STATE OF ALABAMA; EMPLOYEES OF THE CREDIT UNION AND OTHER SPECIFIED EMPLOYERS; RETIREES OF ALL AFOREMENTIONED GROUPS; AND SPOUSES, WIDOWS, AND IMMEDIATE FAMILY MEMBERS OF ALL AFOREMENTIONED GROUPS. AS OF DECEMBER 31, 2024, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 93,807 MEMBERS.Expenses $75,340,161
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
- 63-0353833
- 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)
- $1,326,232,250
- Income (IRS master file)
- $79,240,379
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $79,240,379 | $75,340,161 | $1,326,232,250 | XML |
| 990 | December 2023 | $62,571,573 | $57,009,626 | $1,221,344,942 | XML |
| 990 | December 2022 | $50,038,173 | $43,777,146 | $969,346,923 | 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 63-0353833).
Questions about ALABAMA ONE CREDIT UNION
- What is the EIN of ALABAMA ONE CREDIT UNION?
- The employer identification number (EIN) of ALABAMA ONE CREDIT UNION is 63-0353833.
- Is ALABAMA ONE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
- Are donations to ALABAMA ONE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALABAMA ONE 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 ALABAMA ONE 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 ALABAMA ONE 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 ALABAMA ONE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names WHITNEY OSWALT.
- Who are the officers and directors of ALABAMA ONE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 29 people; 12 received compensation from the organization, the highest $778,244 (WILLIAM C WELLS, CEO).
- How much revenue does ALABAMA ONE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $79,240,379, expenses of $75,340,161 and total assets of $1,326,232,250 at year end.
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