Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
ALABAMA TEACHERS CREDIT UNION
 
Employer identification number

63-6046132
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
 
b
Any related organization? .......................
5b
 
 
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
 
b
Any related organization? ......................
6b
 
 
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
 
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2023
Page 2

Schedule J (Form 990) 2023
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits
(E) Total of columns
(B)(i)-(D)
(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation
(ii) Bonus & incentive
compensation
(iii) Other reportable compensation
1RON SUMMERALL
PRESIDENT/CEO
(i)

(ii)
435,906
-------------
0
525,057
-------------
0
460,294
-------------
0
32,020
-------------
0
1,883
-------------
0
1,455,160
-------------
0
0
-------------
0
2JD HOLT
FINANCIAL ADVISOR
(i)

(ii)
433,988
-------------
0
0
-------------
0
0
-------------
0
34,815
-------------
0
24,363
-------------
0
493,166
-------------
0
0
-------------
0
3JEFF NAPPER
VICE-PRESIDENT/CFO
(i)

(ii)
182,089
-------------
0
14,528
-------------
0
0
-------------
0
1,999
-------------
0
24,363
-------------
0
222,979
-------------
0
0
-------------
0
4MIKE SELF
VICE PRESIDENT
(i)

(ii)
134,849
-------------
0
37,402
-------------
0
0
-------------
0
17,634
-------------
0
24,363
-------------
0
214,248
-------------
0
0
-------------
0
5GINA CHAMBERS
VICE PRESIDENT
(i)

(ii)
140,661
-------------
0
15,691
-------------
0
0
-------------
0
15,948
-------------
0
16,414
-------------
0
188,714
-------------
0
0
-------------
0
6JOEY CLARK
VICE PRESIDENT
(i)

(ii)
114,117
-------------
0
11,981
-------------
0
0
-------------
0
12,834
-------------
0
17,552
-------------
0
156,484
-------------
0
0
-------------
0
Schedule J (Form 990) 2023
Page 3

Schedule J (Form 990) 2023
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A SPOUSES ARE ALLOWED TO ACCOMPANY ALL OF THE CREDIT UNION'S EMPLOYEES AND DIRECTORS WHEN SUCH PERSONS TRAVEL TO CONFERENCES OR TRAINING. THE SPOUSES' ATTENDANCE WAS NOT FOR A BONA FIDE BUSINESS PURPOSE. THIS BENEFIT IS TREATED AS TAXABLE COMPENSATION TO THE SPOUSE, AND THE CREDIT UNION ISSUES A 1099-MISC TO THE SPOUSE IF THE BENEFIT EXCEEDS APPLICABLE IRS REPORTING THRESHOLDS.
PART I, LINE 3 COMPENSATION FOR THE CREDIT UNION'S CEO IS REVIEWED BY THE BOARD OF DIRECTORS. TO DETERMINE THE CEO'S SALARY, THE BOARD CONSIDERS, AMONG OTHER THINGS, PUBLISHED PEER SALARY GUIDE/DATA AND THE CREDIT UNION'S FINANCIAL CONDITION AND RESULTS OF OPERATIONS. THE CEO SETS ALL OTHER MANAGEMENT AND EMPLOYEE SALARIES BASED ON SIMILAR GUIDELINES.
PART I, LINE 4B THE CREDIT UNION ESTABLISHED ALABAMA TEACHERS CREDIT UNION 457(B) AND (F) PLANS. THE 457(B) PLAN WAS INTENTED TO BE AN ELIGIBLE DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) OF THE INTERNAL REVENUE CODE. THE 457(F) PLAN WAS INTENDED TO BE INELIGIBLE DEFERRED COMPENSATION PLANS UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THESE PLANS WERE AGREEMENTS BETWEEN THE CREDIT UNION AND THE CREDIT UNION'S PRESIDENT/CEO ("PLAN PARTICIPANT"). SUBJECT TO THE PROVISIONS OF THE PLANS, THE CREDIT UNION SET ASIDE FUNDS ("EMPLOYER FUND") TO BE INVESTED AT THE DIRECTION OF THE PLAN PARTICIPANT. ON SPECIFIED MEASUREMENT DATES OF THE EMPLOYER FUND, TO THE EXTENT THE EMPLOYER FUND HAD EARNINGS, AN AMOUNT EQUAL TO THE MAXIMUM PERMISSIBLE CONTRIBUTION FOR THE PLAN PARTICIPANT WAS TRANSFERRED TO THE ALABAMA TEACHERS CREDIT UNION 457(F)/(B) PLANS. BOTH PLANS WERE TERMINATED EFFECTIVE MAY 29, 2023, AND THE AMOUNTS DUE TO THE CREDIT UNION'S PRESIDENT/CEO WILL BE AVAILABLE FOR DISTRIBUTION UPON THE PLAN PARTICIPANT'S SEVERANCE OF EMPLOYMENT.
Schedule J (Form 990) 2023

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