Program areas at Mutual Savings Credit Union
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. Mutual Savings Credit Union, an Alabama state chartered Credit Union, provides a variety of financial services to its members, who primarily reside, work, attend school or worship in fourteen Alabama counties, including jefferson, shelby, dallas, chilton, and tallapoosa counties, or who are employed by a Mutual Savings sponsor group. The Credit Union's field of membership also includes selected employee groups and individuals that reside in these counties. As of december 31, 2022, the Credit Union provided services to 23,016 members.
Personnel at Mutual Savings Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Kendall Speed | Chief Executive Officer | $285,016 | 2023-11-15 |
| Lynne Loftin | Chief Operating Officer | $193,931 | 2022-12-31 |
| Susan Landrum | Chief Financial Officer | $157,759 | 2022-12-31 |
| Sonja Purvis | Chief Marketing Officer | $165,609 | 2022-12-31 |
| Mike Shaw | Chief Technology Officer | $175,307 | 2022-12-31 |
| ...and 3 more key personnel |
Financials for Mutual Savings Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $12,277,489 | $10,770,188 | 14% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $12,277,489 | $10,770,188 | 14% |
Organizations like Mutual Savings Credit Union
| Organization | Type | Location | Revenue |
|---|
| Alabama State Employees Credit Union | 501(c)(14) | Montgomery, AL | $23,220,315 |
| Family Security Credit Union | 501(c)(14) | Decatur, AL | $43,290,857 |
| Tuscaloosa Credit Union | 501(c)(14) | Tuscaloosa, AL | $4,141,284 |
| Mobile Educators Credit Union | 501(c)(14) | Mobile, AL | $3,200,193 |
| Fort McClellan Credit Union (FMCU) | 501(c)(14) | Anniston, AL | $8,315,286 |
| Alabama Central Credit Union | 501(c)(14) | Birmingham, AL | $10,136,034 |
| Riverfall Credit Union | 501(c)(14) | Tuscaloosa, AL | $6,975,921 |
| Alatrust Credit Union | 501(c)(14) | Hoover, AL | $8,462,340 |
| Family Savings Credit Union | 501(c)(14) | Rainbow City, AL | $50,899,243 |
| New Horizons Credit Union | 501(c)(14) | Mobile, AL | $11,191,194 |
Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 8 new personnel
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 21, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- 2040 Valleydale Rd
- Birmingham, AL 35244
- Metro area
- Birmingham-Hoover, AL
- County
- Shelby County, AL
- Website URL
- mutualsavings.org/
- Phone
- (205) 682-1170
- Facebook page
- MutualSavingsCreditUnion
IRS details
- EIN
- 63-0148940
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1936
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
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