L & N EMPLOYEES CREDIT UNION

EIN: 630371534

Birmingham, AL

Total Revenue
$581,891
Total Expenses
$744,069
Total Assets
$7,992,445
Net Assets
$1,585,945
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
AL
Principal Officer
Michelle Cooper
Phone
2058412544
Tax Period
2025-01-01 to 2025-12-31

L & N Employees Credit Union, founded in 1952, is a small nonprofit that reported $602K in total revenue in fiscal year 2018. Net assets of $2.0M represent 39 months of operating reserves.

Mission

To be the primary financial institution within our field of membership. We will provide quality financial products and services to our members. Our goal is to offer value to our membership in loan rates, deposit rates, products, and exceptional member service. We will strive to provide a challenging work environment for our employees that encourage, develops, and rewards hard work and excellence.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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 $466,769
Investment Income $115,122
Other Revenue $0
TOTAL REVENUE $581,891

Expense Breakdown

Grants Paid $0
Salaries & Benefits $320,214
Fundraising Expenses $0
Program Expenses $0
Other Expenses $423,855
TOTAL EXPENSES $744,069

Year-over-Year Comparison

2025 2024 Change
Revenue $581,891 $607,866 0.0%
Expenses $744,069 $701,241 +0.1%
Net Income $-162,178 $-93,375 +0.7%
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
5
Independent Members
5
Employees
8
Volunteers
5

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
5
$0
Total Directors
5
$0
Key Employees
1
$103,860
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Cooper Manager/President 40
Key Emp Highest
$103,860 $0 $103,860
David Honeycutt Director 1
Officer Director
$0 $0 $0
Earnest Long Sr Chairman 1
Officer Director
$0 $0 $0
Ralph Sullins Secretary 1
Officer Director
$0 $0 $0
John Pate Treasurer 1
Officer Director
$0 $0 $0
Dwight Miller Vice Chair 1
Officer Director
$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 $581,891 $744,069 $7,992,445 $-162,178
2024 $607,866 $701,241 $8,190,034 $-93,375
2023 $603,931 $601,786 $8,639,376 $2,145
2022 $561,023 $622,655 $9,744,761 $-61,632
2021 $513,722 $586,097 $9,696,088 $-72,375
2020 $532,088 $547,613 $9,972,301 $-15,525
2019 $595,202 $572,996 $8,491,542 $22,206
2018 $602,496 $588,321 $8,695,601 $14,175
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