RAILROAD COMMUNITY CREDIT UNION

EIN: 630437941

IRONDALE, AL

Total Revenue
$3,501,290
Total Expenses
$3,146,962
Total Assets
$99,753,818
Net Assets
$13,626,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
AL
Principal Officer
DOUG WATSON
Phone
2059560678
Tax Period
2025-01-01 to 2025-12-31

RAILROAD COMMUNITY CREDIT UNION, founded in 1956, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 10% surplus.

Mission

THIS CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON-PROFIT FINANCIAL INSTITUTION, CHARTERED UNDER THE ALABAMA CREDIT UNION ACT. ITS PRIMARY PURPOSE IS THE ENCOURAGEMENT OF THRIFT, THE CREATION OF A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND THE PROVISION OF OPPORTUNITIES FOR ITS MEMBERS TO CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.

Program Service Accomplishments

Program 1
Expenses: $3,146,964

ALABAMA BANKING CODE, SECTION 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...

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ALABAMA BANKING CODE, SECTION 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. RAILROAD COMMUNITY CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE UNDER THE EXISTING EMPLOYER GROUP OF NORFOLK SOUTHERN, CITY OF IRONDALE AND MORRIS SHEA BRIDGE, AND RESIDENTS OR PERSONS WORKING OR ATTENDING SCHOOL WITHIN JEFFERSON, BLOUNT, ST. CLAIR, SHELBY, WALKER AND TUSCALOOSA COUNTIES. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD APPROXIMATELY 4,765 MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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 $3,501,290
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,501,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $835,809
Fundraising Expenses $0
Program Expenses $3,146,964
Other Expenses $2,311,153
TOTAL EXPENSES $3,146,962

Year-over-Year Comparison

2025 2024 Change
Revenue $3,501,290 $3,084,830 +0.1%
Expenses $3,146,962 $2,912,240 +0.1%
Net Income $354,328 $172,590 +1.1%
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
9
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
1
$139,372
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA SHEETS SUPERVISORY COMMITTEE MEMBER 1.00
Director
$0 $0 $0
ANITA L AARON SUPERVISORY COMMITTEE CHAIRPERSON 1.00
Director
$0 $0 $0
BRENDA ALDRIDGE BOARD SECRETARY 1.00
Director
$0 $0 $0
MARSHALL W WALK BOARD VICE CHAIRPERSON 1.00
Director
$0 $0 $0
MICHAEL L DARDEN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY WADE-GREER BOARD MEMBER 1.00
Director
$0 $0 $0
ALVIN ASH JR BOARD MEMBER 1.00
Director
$0 $0 $0
FREDDY WILLIAMSON BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA G BASS SUPERVISORY COMMITTEE MEMBER 1.00
Director
$0 $0 $0
SHARON M HAZELWOOD CEO/PRESIDENT 40.00
Officer
$115,940 $23,432 $139,372
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 $3,501,290 $3,146,962 $99,753,818 $354,328
2024 No data No data No data No data
2023 $2,209,679 $2,109,553 $104,913,454 $100,126
2022 $1,723,193 $1,508,767 $109,116,520 $214,426
2021 $1,772,194 $1,664,255 $112,826,528 $107,939
2020 $2,217,603 $2,192,218 $112,106,768 $25,385
2019 $2,610,795 $2,583,206 $106,268,219 $27,589
2018 $2,346,773 $2,308,560 $105,747,027 $38,213
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