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Family Savings Credit Union

  • Rainbow City, AL
  • Tax-exempt since June 1971
  • EIN: 63-0355713

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
$50.9M (2022)

Expenses
$41.4M (2022)

Total Assets
$757M (2022)

Total Liabilities
$681M (2022)

Source: Form 990 tax filings from 2013 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
$50,899,243
Expenses
$41,445,214
Net Income
$9,454,029
Net Assets
$75,361,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,254,177
57.5%
Investment Income $945,597
1.9%
Bond Proceeds $0
Royalties $152,970
0.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,546,499
40.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,867,006
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $11,777,006
28.4%
Assets/Debt
Total Assets $756,761,608
Total Liabilities $681,399,923
Net Assets $75,361,685
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Danny Varnon (President) $502,962 $0 $72,419
Amy Jackson (Mortgage Loan Officer) $320,092 $0 $33,420
Curtis Letson (Executive Vice President) $274,359 $0 $55,492
Deborah Gray (Chief Financial Officer) $254,302 $0 $77,034
Robert Rayburn (Chief Lending Officer) $233,793 $0 $69,049
John Riddle (Accounting Assistant) $207,730 $0 $42,652
Marcie Riddle (Accounting Assistant) $139,569 $0 $40,960
Jonathan Roland (Cheif Information Officer) $126,275 $0 $38,819
Lesli Bishop (Chief Marketing Officer) $114,056 $0 $48,445
Scotty Bell (Accounting Assistant) $114,009 $0 $40,406
Darrell Swann (Accounting Assistant) $106,329 $0 $56,934
Hacky Jaggers (Secretary) $1,706 $0 $0
Lp Williamson (Board Chair) $0 $0 $0
Bill Willard (Vice Chairman) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Randel Mountain (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
James Wilkes (Treasurer) $0 $0 $0
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Document Links

990
Filed on Nov. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,280,897
Expenses
$35,911,852
Net Income
$7,369,045
Net Assets
$66,446,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,415,886
54.1%
Investment Income $364,635
0.8%
Bond Proceeds $0
Royalties $144,778
0.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$26,167
Net Inventory Sales $0
Other Revenue $19,381,765
44.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,387,208
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $9,385,906
26.1%
Assets/Debt
Total Assets $666,462,536
Total Liabilities $600,016,036
Net Assets $66,446,500
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Monte J Hill (Former Ceo) $701,990 $0 $71,322
Amy Jackson (Mortgage Loan Officer) $416,531 $0 $55,841
Danny Varnon (President) $398,249 $0 $69,484
Robert Rayburn (Chief Lending Officer) $354,996 $0 $71,163
Curtis Letson (Executive Vice President) $229,596 $0 $48,212
Deborah Gray (Chief Financial Officer) $226,965 $0 $72,697
John Riddle (Accounting Assistant) $150,192 $0 $10,969
Marcie Riddle (Accounting Assistant) $128,333 $0 $35,975
Jonathan Roland (Cheif Information Officer) $106,913 $0 $35,620
Scotty Bell (Accounting Assistant) $104,707 $0 $34,257
Hacky Jaggers (Secretary) $748 $0 $0
Lp Williamson (Board Chair) $140 $0 $0
Bill Willard (Board Chair) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Randel Mountain (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
James Wilkes (Treasurer) $0 $0 $0
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Document Links

990
Filed on Nov. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,344,332
Expenses
$31,951,911
Net Income
$5,392,421
Net Assets
$59,236,761
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,150,925
56.6%
Investment Income $483,883
1.3%
Bond Proceeds $0
Royalties $134,664
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$42,346
Net Inventory Sales $0
Other Revenue $15,617,206
41.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,441,079
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $8,684,639
27.2%
Assets/Debt
Total Assets $572,938,486
Total Liabilities $513,701,725
Net Assets $59,236,761
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Monte J Hill (Chief Executive Officer) $370,168 $0 $82,137
Amy Jackson (Mortgage Loan Officer) $368,612 $0 $45,529
Danny Varnon (Executive Vice President) $231,422 $0 $63,224
Deborah Gray (Chief Financial Officer) $196,468 $0 $61,378
Robert Rayburn (Chief Lending Officer) $179,715 $0 $70,253
Curtis Letson (Director Of Branch Operati) $147,808 $0 $38,508
Lp Williamson (Board Chair) $1,164 $0 $0
Hacky Jaggers (Secretary) $661 $0 $0
Dale Boyd (Vice Board Chair) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Randel Mountain (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
James Wilkes (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 12, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,416,050
Expenses
$31,115,740
Net Income
$5,300,310
Net Assets
$53,144,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,760,331
54.3%
Investment Income $810,934
2.2%
Bond Proceeds $0
Royalties $131,201
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$74,645
Net Inventory Sales $0
Other Revenue $15,788,229
43.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,300,020
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $7,783,048
25.0%
Assets/Debt
Total Assets $434,577,972
Total Liabilities $381,433,490
Net Assets $53,144,482
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Monte J Hill (Chief Executive Officer) $327,961 $0 $72,270
Amy Jackson (Mortgage Loan Officer) $286,606 $0 $43,796
Danny Varnon (Executive Vice President) $206,063 $0 $59,666
Deborah Gray (Chief Financial Officer) $180,666 $0 $58,129
Robert Rayburn (Chief Lending Officer) $164,429 $0 $65,737
Curtis Letson (Director Of Branch Operations) $129,152 $0 $35,947
Lp Williamson (Board Chair) $8,713 $0 $0
Hacky Jaggers (Secretary) $506 $0 $0
Dale Boyd (Vice Board Chair) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Randel Mountain (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
James Wilkes (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 26, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,874,477
Expenses
$29,548,434
Net Income
$4,326,043
Net Assets
$47,634,975
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,747,330
52.4%
Investment Income $1,007,216
3.0%
Bond Proceeds $0
Royalties $122,406
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,259
0.1%
Net Inventory Sales $0
Other Revenue $14,975,266
44.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,352,806
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $7,354,331
24.9%
Assets/Debt
Total Assets $404,958,311
Total Liabilities $357,323,336
Net Assets $47,634,975
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Monte J Hill (Chief Executive Officer) $296,352 $0 $65,795
Amy Jackson (Mortgage Loan Officer) $270,716 $0 $46,490
Danny Varnon (Executive Vice President) $198,685 $0 $58,796
Deborah Gray (Chief Financial Officer) $179,476 $0 $87,546
Robert Rayburn (Chief Lending Officer) $152,541 $0 $63,385
Curtis Letson (Director Of Branch Operations) $121,412 $0 $36,316
Victor (Morales (Partial Year)) $72,000 $0 $20,502
Lp Williamson (Board Chair) $6,225 $0 $0
Hacky Jaggers (Secretary) $360 $0 $0
Dale Boyd (Vice Board Chair) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Randel Mountain (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
James Wilkes (Treasurer) $0 $0 $0
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990
Filed on Oct. 21, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,567,470
Expenses
$30,846,074
Net Income
$721,396
Net Assets
$43,407,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,899,071
53.5%
Investment Income $863,688
2.7%
Bond Proceeds $0
Royalties $116,210
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$77,151
Net Inventory Sales $0
Other Revenue $13,765,652
43.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,284,814
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $6,969,444
22.6%
Assets/Debt
Total Assets $397,339,051
Total Liabilities $353,931,111
Net Assets $43,407,940
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Danny Varnon (Executive Vice President) $323,140 $0 $108,778
Deborah Huff (Chief Financial Officer) $302,722 $0 $78,300
Monte J Hill (Chief Executive Officer) $288,894 $0 $572,268
Amy Jackson (Mortgage Loan Officer) $230,075 $0 $42,883
Robert Rayburn (Chief Lending Officer) $143,377 $0 $148,345
Victor Morales (Chief Information Officer) $127,007 $0 $35,524
Curtis Letson (Director Of Branch Operati) $115,503 $0 $35,854
Lp Williamson (Board Chair) $5,102 $0 $0
Dale Boyd (Vice Board Chair) $0 $0 $0
Hacky Jaggers (Secretary) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Randel Mountain (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
James Wilkes (Treasurer) $0 $0 $0
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990
Filed on Oct. 22, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,044,227
Expenses
$27,080,181
Net Income
$2,964,046
Net Assets
$42,753,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,045,670
53.4%
Investment Income $721,913
2.4%
Bond Proceeds $0
Royalties $44,291
0.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$114,617
Net Inventory Sales $0
Other Revenue $13,346,970
44.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,061,603
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $6,956,217
25.7%
Assets/Debt
Total Assets $381,122,633
Total Liabilities $338,368,661
Net Assets $42,753,972
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Monte J Hill (Chief Executive Officer) $312,050 $0 $561,612
Danny Varnon (Executive Vice President) $177,581 $0 $217,004
Amy Jackson (Mortgage Loan Officer) $177,003 $0 $37,450
Deborah Huff (Chief Financial Officer) $160,020 $0 $216,128
Robert Rayburn (Chief Lending Officer) $138,421 $0 $125,097
Victor Morales (Chief Information Officer) $113,947 $0 $32,821
Curtis Letson (Director Of Branch Operations) $110,499 $0 $33,687
Lp Williamson (Board Chair) $6,920 $0 $0
Dale Boyd (Vice Board Chair) $0 $0 $0
Audra Burger (Treasurer) $0 $0 $0
Hacky Jaggers (Secretary) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Bill Willard (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
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990
Filed on Oct. 17, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,522,914
Expenses
$23,589,100
Net Income
$2,933,814
Net Assets
$39,909,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,046,110
53.0%
Investment Income $736,925
2.8%
Bond Proceeds $0
Royalties $94,193
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$38,957
Net Inventory Sales $0
Other Revenue $11,684,643
44.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,798,035
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $5,686,226
24.1%
Assets/Debt
Total Assets $356,725,017
Total Liabilities $316,815,034
Net Assets $39,909,983
Compensation
Key Employees and Officers Compensation Related Other
Monte J Hill (Chief Executive Officer) $842,952 $0 $215,303
Danny Varnon (Executive Vice President) $162,197 $0 $71,938
Deborah Huff (Chief Financial Officer) $149,077 $0 $68,185
Robert Rayburn (Chief Lending Officer) $131,547 $0 $53,422
Victor Morales (Chief Information Officer) $79,720 $0 $16,296
Lp Williamson (Board Chair) $7,398 $0 $0
Dale Boyd (Vice Board Chair) $0 $0 $0
Audra Burger (Treasurer) $0 $0 $0
Hacky Jaggers (Secretary) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Bill Willard (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
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990
Filed on Sept. 19, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,958,478
Expenses
$21,077,266
Net Income
$2,881,212
Net Assets
$37,107,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,274,977
51.2%
Investment Income $898,671
3.8%
Bond Proceeds $0
Royalties $76,415
0.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$146,100
Net Inventory Sales $0
Other Revenue $10,854,515
45.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,083,803
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $5,511,911
26.2%
Assets/Debt
Total Assets $325,998,206
Total Liabilities $288,890,887
Net Assets $37,107,319

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,313,555
Expenses
$21,059,756
Net Income
$1,253,799
Net Assets
$33,534,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,405,148
51.1%
Investment Income $802,967
3.6%
Bond Proceeds $0
Royalties $83,735
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$13,963
Net Inventory Sales $0
Other Revenue $10,035,668
45.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $626,920
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,534,781
26.3%
Assets/Debt
Total Assets $317,242,656
Total Liabilities $283,707,854
Net Assets $33,534,802
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Monte J Hill (Chief Executive Officer) $189,728 $0 $32,881
Danny Varnon (Executive Vice President) $124,604 $0 $27,397
Deborah Huff (Chief Financial Officer) $115,579 $0 $23,191
Robert Rayburn (Chief Lending Officer) $91,587 $0 $21,953
Lp Williamson (Board Chair) $9,038 $0 $0
Hacky Jaggers (Secretary) $5,079 $0 $0
Dale Boyd (Vice Board Chair) $0 $0 $0
Audra Burger (Treasurer) $0 $0 $0
Wally Burns (Director) $0 $0 $0
Bill Willard (Director) $0 $0 $0
Ronnie Reed (Director) $0 $0 $0
+ View more people

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990
Filed on Oct. 27, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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