North Alabama Educators Credit Union in Huntsville, Alabama (AL)

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North Alabama Educators Credit Union
Employer Identification Number (EIN)636023153
Name of OrganizationNorth Alabama Educators Credit Union
In Care of NameGreg Olmstead
AddressPO BOX 128, Huntsville, AL 35804-0128
ActivitiesLoans or credit reporting, Other services or benefits to members or employees
SubsectionCredit Union
Ruling Date06/1971
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$81,069,140
Amount of Income$4,003,316
Form 990 Revenue Amount$4,003,316


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$4,003,316
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$2,143,858
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$521,231
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$17,000
Gross rents (Real / Personal)$17,000 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$17,000 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,321,227
Statement of Functional Expenses (for 2012)
Total functional expenses$3,608,601
Compensation of current officers, directors, trustees, and key employees$105,944
Other salaries and wages$1,093,622
Payroll taxes$97,148
Professional fundraising services$0
Other$2,311,887
Balance Sheet (for 2012)
Total assets$81,069,140
Total liabilities$74,887,439
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$74,887,439
Total net assets or fund balances$6,181,701
Retained earnings, endowment, accumulated income, or other funds$6,181,701
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralAlabama Credit Union Administration, Group Return100 N Union St Ste 650, Montgomery, AL 36104-3719AL1941-12$0
SubordinateMax Credit UnionPO BOX 244040, Montgomery, AL 36124-4040AL1971-06$101,576,488
SubordinateAvadian Credit Union1 Riverchase Pkwy S, Hoover, AL 35244-2008AL1971-06$99,165,377
SubordinateAlabama One Credit Union1215 Veterans Memorial Pkwy, Tuscaloosa, AL 35404-5842AL1971-06$59,693,284
SubordinateCredit Unions In The State Of Alabama, Apco Employees750 17th St N, Birmingham, AL 35203-2020AL1941-12$56,779,150
SubordinateCredit Unions Of Alabama, Alabama Credit Union220 Paul Bryant Drive, Tuscaloosa, AL 35401AL1941-12$42,131,102
SubordinateCredit Unions In The State Of Alabama, Listerhill C UPO BOX 566, Sheffield, AL 35660-0566AL1971-06$39,283,152
SubordinateCredit Unions In The State Of Alabama, Family Security Credit Union1806 Carridale St Sw, Decatur, AL 35601-4625AL1958-08$36,614,500
SubordinateCredit Unions In The State Of Alabama, Family Savings711 E Meighan Blvd, Gadsden, AL 35903-1917AL1971-06$22,444,584
SubordinateCorporate America Credit Union, Corporate America4365 Crescent Rd, Irondale, AL 35210-1774AL1971-06$20,318,113
SubordinateGuardian Credit Union1789 Cong W L Dickinson Dr, Montgomery, AL 36109-2601AL1971-06$18,151,024
SubordinateFive Star Credit Union411 N Foster St, Dothan, AL 36303-4623AL1971-06$15,965,829
SubordinateCredit Unions In The State Of Alabama, Winsouth Community Credit Union110 S 26th St, Gadsden, AL 35904-1935AL1971-06$15,556,896
SubordinateCredit Union, New Horizons622 Azalea Rd, Mobile, AL 36609-1530AL1972-12$13,961,495
SubordinateAlabama Teachers Credit Union702 Walnut St, Gadsden, AL 35901-4139AL1971-06$13,419,678
SubordinateTva Community Credit UnionPO BOX 1010, Muscle Shoals, AL 35662-1010AL1971-06$10,403,388
SubordinateAlabama State Employees Credit UnionPO BOX 231150, Montgomery, AL 36123-1150AL1971-06$10,048,633
SubordinateMutual Savings, Credit Nions In The State Of Alabam2040 Valleydale Rd, Hoover, AL 35244-2006AL1971-06$9,158,661
SubordinateAlabama Credit Union Adminstration, Alabama Central Credit Union3601 4th Ave S, Birmingham, AL 35222-2417AL1971-06$7,513,670
SubordinateCredit Unions In The State Of Alabama, Fort Mcclellan Credit UnionPO BOX 5250, Anniston, AL 36205-0250AL1967-01$6,619,129
Number of affiliated organizations
Alabama78
Total78

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