MONTGOMERY, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALABAMA STATE EMPLOYEES CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $27.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $23.1M left a modest 15% surplus.
THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN THE MONTGOMERY, ALABAMA AREA AND SURROUNDING COUNTIES. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 43,000.
IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND SHARE CERTIFICATES ACCOUNTS AS WELL AS IRA SAVINGS.
TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT COMPETITIVE RATES OF INTEREST.
THE CREDIT UNION OFFERS FINANCIAL SERVICES TO THE BENEFIT OF OUR MEMBERS WHICH INCLUDE: INTERNET BANKING, ONLINE BILLPAY AND SERVICE CENTER LOCATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $27,023,139 | $23,220,315 | +0.2% |
| Expenses | $23,079,652 | $19,643,903 | +0.2% |
| Net Income | $3,943,487 | $3,576,412 | +0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALESIA DOOLEY | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNETH BLANKENSHIP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PERRY TAYLOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL J PRESTON | PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN P GRAY | VICE PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN T GRAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BOBBY BRYAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM HATCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARON MILLS | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| MELINDA CLACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLIE LASSITER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON DEAN | CEO/CFO | 40.00 |
Officer
|
$246,105 | $42,552 | $288,657 |
| ALESIA DOOLEY | CFO | 40.00 |
Officer
|
$103,362 | $15,757 | $119,119 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $27,023,139 | $23,079,652 | $398,307,514 | $3,943,487 |
| 2022 | $23,220,315 | $19,643,903 | $417,583,945 | $3,576,412 |
| 2021 | $19,973,256 | $17,237,085 | $434,037,642 | $2,736,171 |
| 2020 | $20,573,433 | $19,513,056 | $393,125,165 | $1,060,377 |
| 2019 | $22,464,565 | $20,785,834 | $323,919,572 | $1,678,731 |
| 2018 | $21,683,573 | $19,176,927 | $294,473,218 | $2,506,646 |
Compare ALABAMA STATE EMPLOYEES CREDIT UNION with other nonprofits in Alabama and across the country.