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)
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
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
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
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
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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
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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
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Number of affiliated organizations
Total78 is not associated with, endorsed by, or sponsored by North Alabama Educators Credit Union and has no official or unofficial affiliation with North Alabama Educators Credit Union