MUTUAL SAVINGS CREDIT UNION
2040 VALLEYDALE ROAD, BIRMINGHAM, AL 35244 www.mutualsavings.org

Total Revenue
$11,531,711
Total Expenses
$10,971,723
Net Assets
$15,192,543

Organizations Filed Purposes: COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

COOPERATIVE CREDIT UNION

CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. MUTUAL SAVINGS CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO PRIMARILY RESIDE, WORK, ATTEND SCHOOL OR WORSHIP IN THIRTEEN ALABAMA COUNTIES, INCLUDING JEFFERSON, SHELBY, DALLAS, CHILTON, AND TALLAPOOSA COUNTIES, OR WHO ARE EMPLOYED BY A MUTUAL SAVINGS SPONSOR GROUP. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2018, THE CREDIT UNION PROVIDED SERVICES TO 28,970 MEMBERS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Kendall SpeedCEO/DIRECTOR - TREASURER40$214,199
Lynne LoftinCOO40$163,558
Mike ShawCHIEF TECHNOLOGY OFFICER40$153,881
Jimmie Rochester IiVICE-PRESIDENT BUSINESS BANKING40$137,584
Sonja PurvisCHIEF MARKETING OFFICER40$133,463
Susan LandrumCFO40$127,612
Keith NewtonDIRECTOR - BOARD VICE CHAIRPERSON1$0
Richard BrooksDIRECTOR - BOARD CHAIRMAN1$0
Richard McbeeDIRECTOR - BOARD SECRETARY1$0
Karl HendricksonSUPERVISORY COMMITTEE - MEMBER1$0
Derrell CrimmSUPERVISORY COMMITTEE - CHAIRPERSON1$0
Ralph A Ferguson JrDIRECTOR - BOARD MEMBER1$0
Allen RitterDIRECTOR - BOARD MEMBER1$0
Douglas KeyDIRECTOR - BOARD MEMBER1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201923199349311337_public.xml