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Nonprofit · EIN 63-0390327

JEFFERSON CREDIT UNION

Tax-exempt · HOOVER, AL 35226

Financials

$4.4M$4.3M2023$5M$5M2024
Revenue Expenses · by fiscal year end
Financials of JEFFERSON CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,000,369$4,966,949$33,420$83,358,762$76,337,390$7,021,372
December 31, 2023990$4,360,262$4,341,905$18,357$74,207,450$67,673,282$6,534,168
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,000,369
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$307,196
Other salaries and wages
$864,425
Salaries, compensation and benefits (total)
$1,289,137
Professional fundraising fees
$0
Legal fees
$25,839
Accounting fees
$23,162
Occupancy
$143,951
Travel
$21,122
Depreciation
$177,078

Balance sheet and other

Total assets, start of year
$74,207,450
Total assets, end of year
$83,358,762
Total liabilities, end of year
$76,337,390
Net assets, end of year
$7,021,372
Land, buildings and equipment
$2,738,730
Gross unrelated business income
$65,332
Gross receipts
$5,000,369
Employees
30
Volunteers
10
Year formed
1941
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.

NameTitleHours / weekCompensationOther / benefits
LISA COOPERCHIEF OPERATING OFFICER
Officer
40$92,733$18,611
REBECCA SMITHCONTROLLER
Officer
40$84,949$5,973
RICHARD MORRISPRESIDENT/CEO
Officer
40$135,878-$69,410
M ZACHARY MILLERCHIEF FINANCIAL OFFICER
Officer
40$38,461$0
JONATHAN SHORTSBOARD CHAIRMAN
Trustee or director
1$0$0
DAREN LANIERBOARD TREASURER
Trustee or director
1$0$0
PATRICK NICOVICHBOARD SECRETARY
Trustee or director
1$0$0
CHARLES KNIGHTBOARD MEMBER
Trustee or director
1$0$0
BARRY STEPHENSONBOARD MEMBER
Trustee or director
1$0$0
TRACIE HODGEBOARD MEMBER
Trustee or director
1$0$0
LEN GEDGOUDASSPERVISORY COMMITTEE CHAIR
Trustee or director
1$0$0
CHRIS WILLISSUPERVISORY COMMITTEE MEMBER
Trustee or director
1$0$0
PAM BILLUPSSUPERVISORY COMMITTEE MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
LISA COOPERCOO
Officer
40$82,578$18,611
DANNY GOOLSBYCLO
Officer
40$82,165$16,427
REBECCA SMITHCONTROLLER (INTERIM TOP FINC OFFICIAL)
Officer
40$77,056$5,973
RUSSELL ADAMSCFO - LEFT DEC 2023
Officer
40$77,793$80
RICHARD MORRISPRESIDENT/CEO
Officer
40$131,479-$69,410
PATTI BURTCFO - RETIRED JAN 2023
Officer
40$24,124$32
PATRICK NICOVICHBOARD MEMBER
Trustee or director
1$0$0
TRACIE HODGEBOARD TREASURER
Trustee or director
1$0$0
CARL JOHNSONBOARD VICE CHAIR
Trustee or director
1$0$0
JONATHAN SHORTSBOARD SECRETARY
Trustee or director
1$0$0
DAREN LANIERBOARD CHAIRMAN
Trustee or director
1$0$0
BARRY STEPHENSONBOARD MEMBER
Trustee or director
1$0$0
CHARLES KNIGHTBOARD MEMBER
Trustee or director
1$0$0
CHRISTOPHER WILLISSUPERVISORY COMMITTEE MEMB
Trustee or director
1$0$0
LEONARD GEDGOUDASSUPERVISORY COMMITTEE CHAI
Trustee or director
1$0$0
PAMELA BILLUPSSUPERVISORY COMMITTEE MEMB
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
5261 ROSS BRIDGE PKWY, HOOVER, AL 35226-5011
In care of
% RICHARD MORRIS
Principal officer (990 for 2024)
RICHARD MORRIS, 5261 ROSS BRIDGE PARKWAY, BIRMINGHAM, AL 35226
Signed the 990
RICHARD MORRIS, PRESIDENT/CEO
Phone
(205) 444-4528
Return prepared by
M ZACHARY MILLER - CPA

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.

990 for the year ended December 31, 2024

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. JEFFERSON CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY EMPLOYEES, AND THEIR RELATIVES, OF JEFFERSON COUNTY, ALABAMA MUNICIPALITY. ADDITIONALLY, DONATIONS OF $25.00 MADE TO THE ALABAMA YOUTH SHERIFFS RANCH ALLOWS AN INDIVIDUAL WHO LIVES OUTSIDE OF THE BIRMINGHAM METROPOLITAN AREA BUT WITHIN THE STATE OF ALABAMA THE OPPORTUNITY TO QUALIFY FOR MEMBERSHIP IN JEFFERSON CREDIT UNION. AS OF DECEMBER 31, 2024, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 6,858 MEMBERS.
    Expenses $4,966,949

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
63-0390327
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
Assets (IRS master file)
$83,358,762
Income (IRS master file)
$5,000,369

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,000,369$4,966,949$83,358,762XML
990December 2023$4,360,262$4,341,905$74,207,450XML
990December 2022$4,362,568$3,837,714$78,709,342IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 63-0390327).

Questions about JEFFERSON CREDIT UNION

What is the EIN of JEFFERSON CREDIT UNION?
The employer identification number (EIN) of JEFFERSON CREDIT UNION is 63-0390327.
Is JEFFERSON CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
Are donations to JEFFERSON CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does JEFFERSON 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 JEFFERSON 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 JEFFERSON 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 JEFFERSON CREDIT UNION?
The 990 for the year ended December 31, 2024 names RICHARD MORRIS.
Who are the officers and directors of JEFFERSON CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 13 people; 4 received compensation from the organization, the highest $92,733 (LISA COOPER, CHIEF OPERATING OFFICER).
How much revenue does JEFFERSON CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,000,369, expenses of $4,966,949 and total assets of $83,358,762 at year end.

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