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Alabama State Employees Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$23.2M (2022)

Expenses
$19.6M (2022)

Total Assets
$418M (2022)

Total Liabilities
$385M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,220,315
Expenses
$19,643,903
Net Income
$3,576,412
Net Assets
$33,023,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,110,730
56.5%
Investment Income $2,509,123
10.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $45,015
0.2%
Net Inventory Sales $0
Other Revenue $7,555,447
32.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $489,074
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $6,632,447
33.8%
Assets/Debt
Total Assets $417,583,945
Total Liabilities $384,560,907
Net Assets $33,023,038
Compensation
Key Employees and Officers Compensation Related Other
Mike Hart (Ceo) $224,730 $0 $20,859
Jason Dean (Ceo) $212,933 $0 $30,551
Alesia Dooley (Secretary) $0 $0 $0
Kenneth Blankenship (Director) $0 $0 $0
Perry Taylor (Director) $0 $0 $0
Carol J Preston (President) $0 $0 $0
John P Gray (Vice President) $0 $0 $0
John T Gray (Director) $0 $0 $0
Bobby Bryan (Director) $0 $0 $0
Tim Hatch (Director) $0 $0 $0
Sharon Mills (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,973,256
Expenses
$17,237,085
Net Income
$2,736,171
Net Assets
$37,266,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,694,895
58.6%
Investment Income $1,069,549
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,612
0.0%
Net Inventory Sales $0
Other Revenue $7,207,200
36.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,036,377
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,983,780
34.7%
Assets/Debt
Total Assets $434,037,642
Total Liabilities $396,770,858
Net Assets $37,266,784
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mike Hart (Ceo) $244,470 $0 $29,058
Ed Mccurdy (Coo) $171,665 $0 $19,000
Andrea Mccain (Cxo) $170,119 $0 $18,937
Jason Dean (Cfo) $169,515 $0 $28,274
John David Lambert (Cio) $157,604 $0 $27,732
Alesia Dooley (Treasurer) $0 $0 $0
Kenneth Blankenship (President) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
Carol J Preston (Secretary) $0 $0 $0
John Gray (Director) $0 $0 $0
Rachel Bostic (Director) $0 $0 $0
Bobby Bryan (Director) $0 $0 $0
Tim Hatch (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,573,433
Expenses
$19,513,056
Net Income
$1,060,377
Net Assets
$35,331,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,076,669
58.7%
Investment Income $1,198,921
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $66,353
0.3%
Net Inventory Sales $0
Other Revenue $7,231,490
35.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $941,836
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $5,425,906
27.8%
Assets/Debt
Total Assets $393,125,165
Total Liabilities $357,793,628
Net Assets $35,331,537
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mike Hart (Ceo) $212,400 $0 $21,598
Ed Mccurdy (Coo) $159,772 $0 $17,404
Jason Dean (Cfo) $159,383 $0 $24,546
Andrea Mccain (Cxo) $158,993 $0 $17,491
John David Lambert (Cio) $150,500 $0 $19,750
Alesia Dooley (Treasurer) $0 $0 $0
Kenneth Blankenship (President) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
Carol J Preston (Secretary) $0 $0 $0
John Gray (Director) $0 $0 $0
Rachel Bostic (Director) $0 $0 $0
Bobby Bryan (Director) $0 $0 $0
Jason Ryan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,464,565
Expenses
$20,785,834
Net Income
$1,678,731
Net Assets
$33,080,037
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,359,732
55.0%
Investment Income $1,664,514
7.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,440,319
37.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $882,382
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $5,433,321
26.1%
Assets/Debt
Total Assets $323,919,572
Total Liabilities $290,839,535
Net Assets $33,080,037
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mike Hart (Ceo) $229,595 $0 $21,034
Ed Mccurdy (Coo) $160,649 $0 $11,532
Andrea Mccain (Cxo) $159,371 $0 $10,975
Jason Dean (Cfo) $130,814 $0 $23,239
John David Lambert (Cio) $121,386 $0 $13,788
Alesia Dooley (Treasurer) $0 $0 $0
Kenneth Blankenship (President) $0 $0 $0
William Ashmore (Director) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
Carol J Preston (Secretary) $0 $0 $0
Jason Ryan (Director) $0 $0 $0
Rachel Bostic (Director) $0 $0 $0
Bobby Bryan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,683,573
Expenses
$19,176,927
Net Income
$2,506,646
Net Assets
$31,281,647
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,021,673
55.4%
Investment Income $1,091,449
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,975
Net Inventory Sales $0
Other Revenue $8,578,426
39.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $803,950
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,619,001
24.1%
Assets/Debt
Total Assets $294,473,218
Total Liabilities $263,191,571
Net Assets $31,281,647
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jared Freeman (Former Ceo) $388,314 $0 $22,502
Jason Dean (Cfo) $123,610 $0 $10,759
David Tatum (Cio) $114,977 $0 $16,862
Mike Hart (Ceo) $63,705 $0 $4,388
Ned Mchenry (Interim Ceo) $57,167 $0 $1,667
Alesia Dooley (Treasurer) $0 $0 $0
Kenneth Blankenship (President) $0 $0 $0
William Ashmore (Director) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
John Cloud (Secretary) $0 $0 $0
Carol J Preston (Director) $0 $0 $0
Jason Ryan (Director) $0 $0 $0
Rachel Bostic (Director) $0 $0 $0
Bobby Bryan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,319,157
Expenses
$15,533,832
Net Income
$1,785,325
Net Assets
$27,950,216
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,342,070
53.9%
Investment Income $1,298,607
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $87,394
0.5%
Net Inventory Sales $0
Other Revenue $6,591,086
38.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $832,376
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,263,662
27.4%
Assets/Debt
Total Assets $259,603,314
Total Liabilities $231,653,098
Net Assets $27,950,216
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jared Freeman (Ceo) $192,375 $0 $93,477
Vikki Kizziah (Clo) $116,670 $0 $11,712
David Tatum (Cio) $111,110 $0 $26,427
Brooke Covington (Evp/Coo) $91,632 $0 $18,859
Jason Dean (Vp Of Finance) $79,940 $0 $11
Candace Garner (Cfo) $78,960 $0 $11,203
Roland Buffington (Director) $0 $0 $0
Kenneth Blankenship (President) $0 $0 $0
William Ashmore (Director) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
John Cloud (Secretary) $0 $0 $0
Carol J Preston (Treasurer) $0 $0 $0
Charles Clack (Director) $0 $0 $0
Jw Godwin (Director) $0 $0 $0
Alecia Dooley (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,507,890
Expenses
$11,890,298
Net Income
$1,617,592
Net Assets
$26,499,569
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,736,631
49.9%
Investment Income $1,670,867
12.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $123,793
0.9%
Net Inventory Sales $0
Other Revenue $4,976,599
36.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $687,337
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,444,960
29.0%
Assets/Debt
Total Assets $249,392,290
Total Liabilities $222,892,721
Net Assets $26,499,569
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jared Freeman (Ceo) $204,631 $0 $12,509
Brooke Covington (Evp/Coo) $126,951 $0 $18,614
Vikki Kizziah (Clo) $101,757 $0 $6,684
David Tatum (Cio) $98,260 $0 $20,812
Candace Garner (Cfo) $86,864 $0 $10,255
Roland Buffington (Director) $0 $0 $0
Kennith Blankenship (President) $0 $0 $0
William Ashmore (Director) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
Mark Yarbrough (Director) $0 $0 $0
John Cloud (Secretary) $0 $0 $0
Carol J Preston (Treasurer) $0 $0 $0
Charles Clack (Director) $0 $0 $0
Jw Godwin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,682,150
Expenses
$10,231,758
Net Income
$450,392
Net Assets
$25,164,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,164,209
48.3%
Investment Income $1,702,827
15.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $26,420
0.2%
Net Inventory Sales $0
Other Revenue $3,788,694
35.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $549,561
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,897,525
28.3%
Assets/Debt
Total Assets $238,594,617
Total Liabilities $213,430,387
Net Assets $25,164,230
Compensation
Key Employees and Officers Compensation Related Other
Ned Mchenry (Ceo) $148,918 $0 $11,469
Brooke Covington (Evp/Coo) $109,246 $0 $17,638
Jerry Majors (Director Of It) $105,170 $0 $9,636
David Tatum (Cio) $86,646 $0 $16,993
Candace Garner (Cfo) $64,838 $0 $6,847
Jared Freeman (Ceo) $41,259 $0 $2,310
Valerie Sharpless (Cfo) $20,553 $0 $8,366
Vikki Kizziah (Clo) $13,649 $0 $829
Roland Buffington (Director) $0 $0 $0
Kennith Blankenship (President) $0 $0 $0
William Ashmore (Director) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
Mark Yarbrough (Director) $0 $0 $0
John Cloud (Secretary) $0 $0 $0
Carol J Preston (Treasurer) $0 $0 $0
Charles Clack (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,618,887
Expenses
$8,684,283
Net Income
$934,604
Net Assets
$25,425,701
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,714,056
49.0%
Investment Income $1,698,820
17.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,206,011
33.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $375,051
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,692,947
31.0%
Assets/Debt
Total Assets $225,925,568
Total Liabilities $200,499,867
Net Assets $25,425,701
Compensation
Key Employees and Officers Compensation Related Other
Ned Mchenry (Ceo) $158,154 $0 $11,245
Jerry Majors (Director Of It) $107,662 $0 $9,223
Brooke Covington (Evp/Coo) $97,769 $0 $13,699
Valerie Sharpless (Cfo) $84,686 $0 $9,498
Roland Buffington (Director) $0 $0 $0
Kennith Blankenship (President) $0 $0 $0
William Ashmore (Director) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
Mark Yarbrough (Director) $0 $0 $0
John Cloud (Secretary) $0 $0 $0
Carol J Preston (Treasurer) $0 $0 $0
Brian Corbett (Director) $0 $0 $0
Charles Clack (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,240,189
Expenses
$8,486,375
Net Income
$753,814
Net Assets
$23,891,956
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,352,912
47.1%
Investment Income $1,791,392
19.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,429
0.0%
Net Inventory Sales $0
Other Revenue $3,091,456
33.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $438,100
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,606,494
30.7%
Assets/Debt
Total Assets $215,811,965
Total Liabilities $191,920,009
Net Assets $23,891,956
Compensation
Key Employees and Officers Compensation Related Other
Ned Mchenry (Ceo) $151,550 $0 $10,653
Jerry Majors (Director Of It) $105,110 $0 $40,353
Brooke Covington (Evp/Coo) $90,642 $0 $15,433
Valerie Sharpless (Cfo) $77,472 $0 $11,677
Dave Brewer (Evp/Coo) $37,923 $0 $42,750
Roland Buffington (Director) $0 $0 $0
Kennith Blankenship (President) $0 $0 $0
William Ashmore (Director) $0 $0 $0
Perry Taylor (Vice President) $0 $0 $0
Sarah L Williams (Director) $0 $0 $0
Mark Yarbrough (Director) $0 $0 $0
John Cloud (Secretary) $0 $0 $0
Carol J Preston (Treasurer) $0 $0 $0
Brian Corbett (Director) $0 $0 $0
Charles Clack (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,706,610
Expenses
$7,622,023
Net Income
$2,084,587
Net Assets
$24,478,822
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,585,913
47.2%
Investment Income $2,196,479
22.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,924,218
30.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $250,335
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,790,001
36.6%
Assets/Debt
Total Assets $206,097,231
Total Liabilities $181,618,409
Net Assets $24,478,822

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,423,434
Expenses
$8,471,970
Net Income
$1,951,464
Net Assets
$22,759,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,162,066
49.5%
Investment Income $2,434,550
23.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,826,818
27.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $236,424
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,692,210
31.8%
Assets/Debt
Total Assets $195,366,710
Total Liabilities $172,607,496
Net Assets $22,759,214

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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