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Alabama One 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.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$50M (2022)

Expenses
$43.8M (2022)

Total Assets
$969M (2022)

Total Liabilities
$892M (2022)

Source: Form 990 tax filings from 2012 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
$50,038,173
Expenses
$43,777,146
Net Income
$6,261,027
Net Assets
$77,597,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $50,038,173
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,185,743
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $12,853,029
29.4%
Assets/Debt
Total Assets $969,346,923
Total Liabilities $891,749,562
Net Assets $77,597,361
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
William C Wells (Ceo) $517,300 $0 $163,528
Whitney Oswalt (Cfo) $267,700 $0 $83,327
Jason Halperin (Chief Retail Lending Officer) $237,609 $0 $34,974
Robert Long (Chief Technology Officer) $214,500 $11,000 $78,801
Shelby Grantham (Senior Director Of Operations) $158,000 $500 $47,924
William Turner (Senior Director Of Treasury & Strategic Analysis) $155,500 $0 $38,006
William R Stallings (Chief Commercial Lending Officer) $152,062 $0 $36,512
Michael Brown (Director Of Retail Operati) $147,349 $0 $51,278
Audrey O'neal (Chief People Officer (Term. 2022)) $140,345 $0 $13,400
Tyler Foster (Director Of Wealth Advisory) $139,721 $0 $22,530
Martin Houstin (Chief Growth Officer) $130,000 $0 $41,550
Bobby Umfress (Director Of It Infrastructure & Operations) $125,500 $0 $30,397
Ron Abernathy (Board Member) $0 $0 $0
Tamika Alexander (Board Secretary) $0 $0 $0
Franklin Bohannon (Supervisory Committee Chair) $0 $0 $0
Marion Dodson (Board Treasurer) $0 $0 $0
Tom Fanning (Board Member) $0 $0 $0
Barry Mixon (Board Member Vice Chairperson) $0 $0 $0
Lucy Sellers (Board Member) $0 $0 $0
Julie Smith (Supervisory Committee Memb) $0 $0 $0
Jonathan Walker (Supervisory Committee Memb) $0 $0 $0
Loo Whitfield (Board Member Chairperson) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
David Loe (Supervisory Committee Memb) $0 $0 $0
Shelia Penn (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,746,504
Expenses
$37,096,975
Net Income
$4,649,529
Net Assets
$80,073,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,746,504
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,312,176
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $10,631,064
28.7%
Assets/Debt
Total Assets $937,318,452
Total Liabilities $857,245,166
Net Assets $80,073,286
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
William C Wells (Ceo) $436,807 $0 $156,632
Whitney Oswalt (Cfo) $255,859 $0 $87,496
Jason Halperin (Clo) $239,236 $0 $92,889
Robert Long (Chief Technology Officer) $214,856 $4,500 $82,064
Shelby Grantham (Controller) $142,649 $0 $46,863
Michael Brown (Director Of Retail Operati) $140,068 $0 $53,575
Tyler Foster (Director Of Wealth Advisory) $137,359 $0 $19,223
William R Stallings (Senior Commercial Loan Off) $125,386 $0 $35,470
Jack Ham (Cco) $18,167 $0 $25,090
Ron Abernathy (Board Member) $0 $0 $0
Tamika Alexander (Board Secretary) $0 $0 $0
Franklin Bohannon (Supervisory Committee Chai) $0 $0 $0
Marion Dodson (Board Treasurer) $0 $0 $0
Tom Fanning (Board Member) $0 $0 $0
Barry Mixon (Board Member Vice Chairp) $0 $0 $0
Lucy Sellers (Board Member) $0 $0 $0
Julie Smith (Supervisory Committee Memb) $0 $0 $0
Jonathan Walker (Supervisory Committee Memb) $0 $0 $0
Loo Whitfield (Board Member Chairperson) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
David Loe (Supervisory Committee Memb) $0 $0 $0
Shelia Penn (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,023,462
Expenses
$32,816,258
Net Income
$3,207,204
Net Assets
$76,603,934
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,023,462
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,369,930
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $8,922,586
27.2%
Assets/Debt
Total Assets $798,798,961
Total Liabilities $722,195,027
Net Assets $76,603,934
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bill Wells (Ceo) $436,507 $0 $100,660
Jason Halperin (Clo) $227,683 $0 $117,663
Whitney Oswalt (Cfo) $224,145 $0 $87,283
Robert Long (Chief Technology Officer) $161,709 $0 $29,423
Jack Ham (Cco) $138,099 $0 $37,890
Shelby Grantham (Controller) $135,979 $0 $46,489
Michael Brown (Director Of Retail Operati) $125,617 $0 $53,252
Lindsey Nance (Mortgage Production Supervisor) $124,208 $0 $12,709
Ryan Stallings (Senior Commercial Loan Off) $108,881 $0 $27,728
Ron Abernathy (Board Member) $0 $0 $0
Tamika Alexander (Board Secretary) $0 $0 $0
Franklin Bohannon (Supervisory Committee Chai) $0 $0 $0
Marion Dodson (Board Member) $0 $0 $0
Tom Fanning (Board Member) $0 $0 $0
Barry Mixon (Board Member Vice Chairp) $0 $0 $0
Lucy Sellers (Board Treasurer) $0 $0 $0
Julie Smith (Supervisory Committee Memb) $0 $0 $0
Jonathan Walker (Supervisory Committee Memb) $0 $0 $0
Loo Whitfield (Board Member Chairperson) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
David Loe (Supervisory Committee Memb) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,348,396
Expenses
$29,794,310
Net Income
$5,554,086
Net Assets
$68,859,305
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,348,396
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,239,620
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $8,384,710
28.1%
Assets/Debt
Total Assets $630,309,827
Total Liabilities $561,450,522
Net Assets $68,859,305
Compensation
Key Employees and Officers Compensation Related Other
Bill Wells (Ceo) $428,734 $0 $92,727
Jason Halperin (Clo) $194,007 $0 $72,944
Whitney Oswalt (Cfo) $181,087 $0 $71,408
Jack Ham (Cco) $153,438 $0 $45,275
Shelby Grantham (Controller) $115,326 $0 $46,024
Michael Brown (Director Of Retail Operations) $106,706 $0 $48,550
Ryan Stallings (Senior Commercial Loan Officer) $101,696 $0 $29,251
Ron Abernathy (Board Member) $0 $0 $0
Tamika Alexander (Board Secretary) $0 $0 $0
Franklin Bohannon (Supervisory Committee Chai) $0 $0 $0
Marion Dodson (Board Member) $0 $0 $0
Tom Fanning (Board Member) $0 $0 $0
Barry Mixon (Board Member Vice Chairp) $0 $0 $0
Lucy Sellers (Board Treasurer) $0 $0 $0
Julie Smith (Supervisory Committee Memb) $0 $0 $0
Jonathan Walker (Supervisory Committee Memb) $0 $0 $0
Loo Whitfield (Board Member Chairperson) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,821,508
Expenses
$27,770,467
Net Income
$6,051,041
Net Assets
$59,618,323
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,821,508
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $960,205
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $7,241,166
26.1%
Assets/Debt
Total Assets $606,535,762
Total Liabilities $546,917,439
Net Assets $59,618,323
Compensation
Key Employees and Officers Compensation Related Other
Bill Wells (Ceo) $246,592 $0 $67,225
Jason Halperin (Clo) $180,884 $0 $53,169
Whitney Oswalt (Cfo) $169,313 $0 $59,458
Jack Ham (Cco) $136,188 $0 $47,376
Shelby Grantham (Controller) $106,704 $0 $35,739
Doug Killough (Business Development And Security) $100,934 $0 $11,265
Ron Abernathy (Board Member) $0 $0 $0
Tamika Alexander (Board Secretary) $0 $0 $0
Franklin Bohannon (Supervisory Committee Chai) $0 $0 $0
Marion Dodson (Board Member) $0 $0 $0
Tom Fanning (Board Member Chairperson) $0 $0 $0
Barry Mixon (Board Treasurer) $0 $0 $0
Lucy Sellers (Board Member) $0 $0 $0
Julie Smith (Supervisory Committee Memb) $0 $0 $0
Jonathan Walker (Supervisory Committee Memb) $0 $0 $0
Loo Whitfield (Board Member Vice Chairp) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,775,871
Expenses
$24,568,279
Net Income
$3,207,592
Net Assets
$53,561,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,775,871
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $784,097
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $6,536,673
26.6%
Assets/Debt
Total Assets $593,599,796
Total Liabilities $540,037,860
Net Assets $53,561,936
Compensation
Key Employees and Officers Compensation Related Other
Bill Wells (Ceo) $224,929 $0 $35,430
Jason Halperin (Clo) $169,941 $0 $27,026
Whitney Oswalt (Cfo) $143,898 $0 $26,772
Jack Ham (Cco) $130,842 $0 $25,258
Ron Abernathy (Board Member) $0 $0 $0
Tamika Alexander (Board Member) $0 $0 $0
Franklin Bohannon (Supervisory Committee Chairperson) $0 $0 $0
Marion Dodson (Board Member) $0 $0 $0
Tom Fanning (Board Member Chairperson) $0 $0 $0
Barry Mixon (Board Secretary, Board Treasurer) $0 $0 $0
Lucy Sellers (Board Member) $0 $0 $0
Julie Smith (Supervisory Committee Member) $0 $0 $0
Jonathan Walker (Supervisory Committee Member) $0 $0 $0
Loo Whitfield (Board Member Vice Chairperson) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,672,275
Expenses
$24,601,413
Net Income
$70,862
Net Assets
$49,610,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,672,275
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $524,809
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $6,354,680
25.8%
Assets/Debt
Total Assets $582,725,571
Total Liabilities $533,115,104
Net Assets $49,610,467
Compensation
Key Employees and Officers Compensation Related Other
Jason Halperin (Clo) $168,562 $0 $27,375
Bill Wells (Ceo) $147,012 $0 $22,481
Whitney Oswalt (Cfo) $132,920 $0 $26,459
Jack Ham (Cco) $132,103 $0 $27,460

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,855,855
Expenses
$32,885,645
Net Income
-$8,029,790
Net Assets
$52,116,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,855,855
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $235,414
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $5,717,330
17.4%
Assets/Debt
Total Assets $579,717,046
Total Liabilities $527,600,388
Net Assets $52,116,658
Compensation
Key Employees and Officers Compensation Related Other
John D Carruth (Former Ceo) $213,593 $0 $41,335
Whitney Oswalt (Cfo) $133,345 $0 $25,845
Martie Patton (Former Coo) $132,294 $0 $20,409
Jack Ham (Cco) $67,855 $0 $8,371

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,771,884
Expenses
$29,588,616
Net Income
-$7,816,732
Net Assets
$60,512,199
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,574,349
71.5%
Investment Income $4,277,893
19.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,966
0.1%
Net Inventory Sales $0
Other Revenue $1,890,676
8.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $851,704
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $5,475,454
18.5%
Assets/Debt
Total Assets $602,659,759
Total Liabilities $542,147,560
Net Assets $60,512,199
Compensation
Key Employees and Officers Compensation Related Other
John Dee Carruth (President/Ceo) $309,891 $0 $48,291
Martie Patton (Coo) $194,557 $0 $30,675
Whitney Oswalt (Cfo) $129,460 $0 $21,926
Tim Powell (Cio) $102,000 $0 $14,904
Edwin D Harrell (President/Chairman) $0 $0 $0
Darlene Wallace (Secretary) $0 $0 $0
Richard Powell (Director) $0 $0 $0
Larry Sexton (Director) $0 $0 $0
Ad Sanders (Director) $0 $0 $0
Flora Gay (Vice Chairman) $0 $0 $0
Jerry Hewitt (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,249,722
Expenses
$23,125,366
Net Income
$4,124,356
Net Assets
$65,660,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,540,311
57.0%
Investment Income $4,315,121
15.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $59,630
0.2%
Net Inventory Sales $0
Other Revenue $7,334,660
26.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $688,715
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,205,825
22.5%
Assets/Debt
Total Assets $607,946,390
Total Liabilities $542,285,733
Net Assets $65,660,657
Compensation
Key Employees and Officers Compensation Related Other
John Dee Carruth (President/Ceo) $294,640 $0 $45,140
Martie Patton (Coo) $176,475 $0 $28,035
Whitney Oswalt (Cfo) $116,659 $0 $27,766
William G Roberts (President/Chairman) $0 $0 $0
Edwin D Harrell (President/Chairman) $0 $0 $0
Darlene Wallace (Secretary) $0 $0 $0
Richard Powell (Vice President/Treasurer) $0 $0 $0
Larry Sexton (Director) $0 $0 $0
Ad Sanders (Director) $0 $0 $0
Flora Gay (Director) $0 $0 $0
Jerry Hewitt (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,524,829
Expenses
$27,124,171
Net Income
$1,400,658
Net Assets
$67,838,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,184,583
60.2%
Investment Income $5,016,644
17.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $191,485
0.7%
Net Inventory Sales $0
Other Revenue $6,132,117
21.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $693,095
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,850,764
17.9%
Assets/Debt
Total Assets $616,579,082
Total Liabilities $548,740,591
Net Assets $67,838,491

Document Links

Fiscal Year Ending Dec.
2011

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.
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

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 »

Get the Data

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.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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