ECO CREDIT UNION

EIN: 630288906

BIRMINGHAM, AL

Total Revenue
$9,301,400
Total Expenses
$8,546,783
Total Assets
$187,890,989
Net Assets
$13,831,780
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
AL
Principal Officer
JOSEPH HAND
Phone
2052263900
Tax Period
2025-01-01 to 2025-12-31

ECO CREDIT UNION, founded in 1939, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $6.1M left a modest 13% surplus.

Mission

CREDIT UNION - TO PROVIE SERVICES TO APPROXIMATELY 14,830 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,168,015
Investment Income $2,022,853
Other Revenue $1,110,532
TOTAL REVENUE $9,301,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,203,352
Fundraising Expenses $0
Program Expenses $8,546,783
Other Expenses $5,343,431
TOTAL EXPENSES $8,546,783

Year-over-Year Comparison

2025 2024 Change
Revenue $9,301,400 $9,097,715 +0.0%
Expenses $8,546,783 $8,511,690 +0.0%
Net Income $754,617 $586,025 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
45
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
3
$962,150
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH HAND CEO 40.00
Key Emp
$349,515 $207,260 $556,775
JEFFREY JONES CIO 40.00
Key Emp
$155,488 $63,352 $218,840
LAVELLE NOBLITT COO 40.00
Key Emp
$158,003 $28,532 $186,535
SHELIA DEMBOWSKI BOARD SECRET 1.00
Director
$0 $0 $0
CHRISTOPHER GORDON BOARD MEMBER 1.00
Director
$0 $0 $0
HAROLD GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE KELLY BOARD CHAIR 1.00
Director
$0 $0 $0
JONATHAN LEMSKY BOARD VICE C 1.00
Director
$0 $0 $0
JERRY MITCHELL BOARD MEMBER 1.00
Director
$0 $0 $0
JIMMIE PEARSON BOARD MEMBER 1.00
Director
$0 $0 $0
ALLYSON EDWARDS SUPERVISORY 1.00
Officer
$0 $0 $0
BILLY JOE HUGHES SUPERVISORY 1.00
Officer
$0 $0 $0
RANDY MCCARTY SUPERVISORY 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,301,400 $8,546,783 $187,890,989 $754,617
2024 No data No data No data No data
2023 $9,085,732 $7,575,494 $201,054,027 $1,510,238
2022 $7,754,194 $6,649,920 $186,172,963 $1,104,274
2021 $7,547,136 $5,767,969 $187,884,349 $1,779,167
2020 $6,963,589 $5,938,680 $170,130,913 $1,024,909
2019 $6,957,227 $6,276,253 $144,668,392 $680,974
2018 $7,027,596 $6,121,629 $141,452,420 $905,967
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