Civic Intelligence

Max Credit Union

990 • Fiscal year 2019 • EIN 36-4618706

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 08, 2020

PO Box 244040Montgomery, AL 36124-4040

(800) 776-6776

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.86x

Higher debt load relative to assets than 12% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

16.80x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Net Margin

36th percentile

15%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Top Officer Pay

2nd percentile

$365,477

Higher top officer pay than 2% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Asset Growth

42nd percentile

7.0%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

8.0%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,460,586,194

Up $95,523,134 (+7.0%) from 2018

Net Assets

Up

$204,773,107

Up $17,914,249 (+9.6%) from 2018

Liabilities

Up

$1,255,813,087

Up $77,608,885 (+6.6%) from 2018

Revenue

Up

$74,745,325

Up $5,513,424 (+8.0%) from 2018

Expenses

Up

$63,321,492

Up $4,693,278 (+8.0%) from 2018

Net Income

Up

$11,423,833

Up $820,146 (+7.7%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2010: $861,760,671Liabilities 2010: $738,242,591Net Assets 2010: $123,518,0802010Assets 2011: $913,542,767Liabilities 2011: $782,791,202Net Assets 2011: $130,751,5652011Assets 2012: $981,295,811Liabilities 2012: $838,849,330Net Assets 2012: $142,446,4812012Assets 2013: $1,034,932,163Liabilities 2013: $892,785,897Net Assets 2013: $142,146,2662013Assets 2014: $1,092,065,087Liabilities 2014: $934,973,511Net Assets 2014: $157,091,5762014Assets 2015: $1,178,199,681Liabilities 2015: $1,014,920,229Net Assets 2015: $163,279,4522015Assets 2016: $1,242,870,839Liabilities 2016: $1,072,629,833Net Assets 2016: $170,241,0062016Assets 2017: $1,315,416,754Liabilities 2017: $1,137,497,319Net Assets 2017: $177,919,4352017Assets 2018: $1,365,063,060Liabilities 2018: $1,178,204,202Net Assets 2018: $186,858,8582018Assets 2019: $1,460,586,194Liabilities 2019: $1,255,813,087Net Assets 2019: $204,773,1072019Assets 2020: $1,769,448,467Liabilities 2020: $1,547,841,679Net Assets 2020: $221,606,7882020Assets 2021: $2,021,706,470Liabilities 2021: $1,803,794,703Net Assets 2021: $217,911,7672021Assets 2022: $1,964,438,398Liabilities 2022: $1,824,298,110Net Assets 2022: $140,140,2882022Assets 2024: $2,149,434,453Liabilities 2024: $1,940,079,500Net Assets 2024: $209,354,9532024

Highlighted filing

2019

Assets$1,460,586,194
Liabilities$1,255,813,087
Net Assets$204,773,107

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2010: $43,063,6932010Expenses 2011: $40,411,7782011Expenses 2012: $43,034,6802012Revenue 2013: $55,116,384Expenses 2013: $48,175,602Net Income 2013: $6,940,7822013Revenue 2014: $57,625,876Expenses 2014: $46,902,404Net Income 2014: $10,723,4722014Revenue 2015: $59,535,668Expenses 2015: $50,831,569Net Income 2015: $8,704,0992015Revenue 2016: $61,073,107Expenses 2016: $52,920,659Net Income 2016: $8,152,4482016Revenue 2017: $63,858,807Expenses 2017: $54,547,429Net Income 2017: $9,311,3782017Revenue 2018: $69,231,901Expenses 2018: $58,628,214Net Income 2018: $10,603,6872018Revenue 2019: $74,745,325Expenses 2019: $63,321,492Net Income 2019: $11,423,8332019Revenue 2020: $78,182,943Expenses 2020: $67,246,495Net Income 2020: $10,936,4482020Revenue 2021: $76,797,432Expenses 2021: $60,006,358Net Income 2021: $16,791,0742021Revenue 2022: $81,267,225Expenses 2022: $62,954,777Net Income 2022: $18,312,4482022Revenue 2024: $123,834,123Expenses 2024: $100,536,448Net Income 2024: $23,297,6752024

Highlighted filing

2019

Revenue$74,745,325
Expenses$63,321,492
Net Income$11,423,833
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 8, 2020
Return Version
2019v5.1
Gross Receipts
$163,112,743
Mission and Program Overview

Mission

Max is a state-chartered community credit union serving approximately 117,000 members in the montgomery, alabama and surrounding areas.

The credit union is a cooperative community financial institution which was organized to promote thrift among its members as well as to provide a source of credit for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$877,444,861$914,777,387▲ $37,332,526
Investments in Publicly Traded Securities$319,905,168$352,417,276▲ $32,512,108
Rtn Earn Endowment Incm Other Fnds$186,858,858$204,773,107▲ $17,914,249
Savings and Temporary Cash Investments$59,384,864$79,440,015▲ $20,055,151
Land, Buildings, and Equipment, Net$35,664,599$36,929,468▲ $1,264,869
Cash and Non-Interest-Bearing Accounts$21,120,842$22,724,497▲ $1,603,655
Accounts Receivable$3,187,438$4,175,099▲ $987,661
Prepaid Expenses and Deferred Charges$2,325,188$2,925,867▲ $600,679
Investments Other Securities$1,226,400$1,271,100▲ $44,700
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,365,063,060$1,460,586,194▲ $95,523,134
Other Assets Total$44,803,700$45,925,485▲ $1,121,785
Liabilities
Other Liabilities$1,165,807,806$1,243,235,114▲ $77,427,308
Accounts Payable and Accrued Expenses$11,580,078$11,757,911▲ $177,833
Escrow Account Liability$816,318$820,062▲ $3,744
Total Liabilities$1,178,204,202$1,255,813,087▲ $77,608,885
Net Assets / Fund Balance
Total Net Assets Fund Balance$186,858,858$204,773,107▲ $17,914,249
Total Liabilities and Net Assets / Fund Balance$1,365,063,060$1,460,586,194▲ $95,523,134

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,685,974$18,666,767$41,352,741
Equipment$3,022,626$16,397,752$19,420,378
Land$10,891,847-$10,891,847
Leasehold Improvements$0$793,952$793,952
Other Land Buildings$329,021-$329,021
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin Edward HeadPresident/CEOFT$253,530$111,947$365,477
Greg McclellanPresident/CEOFT$237,467$72,136$309,603
Tim MarquardtSVP/CFOFT$207,139$70,346$277,485
Wayne BlackwellSVP/chief Retail OfficerFT$194,960$64,828$259,788
Scott LindleySVP/CIOFT$184,437$69,834$254,271
Cheryl PaysonSVP/chief Support OfficerFT$182,341$59,042$241,383
Ken PeavyFinancial AdvisorFT$48,527$181,056$229,583
Kenneth HillVP Mortgage ServicesFT$122,993$101,001$223,994
Bruce ChafinSVP Max CapitalFT$155,505$58,554$214,059
Ron CreelSVP Business ServicesFT$150,468$60,546$211,014
Dg MarkwellChief Marketing OfficerFT$155,712$53,941$209,653
Sandra StengerSvc CTR Consultant IiiFT$145,695$56,917$202,612
Martee MoseleyVP Business ServicesFT$116,048$68,393$184,441
Barbara T StarrChairman-$1,150-$1,150
James W Solze JrDirector-$787-$787

Board Members and Trustees

NameTitle
Keivan DeraviChairman
A Kelli WiseDirector
Gary TomlinDirector
John AverrettDirector
Lloyd Woodman JrDirector
K Sue JacksonSecretary
Bradley L SandersTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
NewgroundContractor For New Building15450 SOUTH OUTER FORTY DRIVE STE 3, Chesterfield, MO 63017$1,754,294
High CottonStatement ServicesPO BOX 101568, Birmingham, AL 35210-6568$917,331
Q2 SoftwareHomebanking SoftwarePO BOX 205970, Dallas, TX 75320-5970$907,981
Jack Henry & Associates INCCore It ProcessingPO BOX 609, Monett, MO 65708$832,206
Temenos USA INCSoftwarePO BOX 2252, Birmingham, AL 35246-1058$776,706
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$65,330,563
Investment Income
$9,414,762
Other Revenue
$0
Change in Net Assets
$11,423,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,762,518
Salaries, Compensation, and Employee Benefits$25,857,828
Grants and Similar Amounts Paid$108,716
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$17,725,808
Office Expenses---$12,237,543
Benefits to Members---$9,592,430
Other Employee Benefits---$3,359,958
Depreciation Depletion---$2,548,921
Current Officers, Directors, Trustees, and Key Employees---$2,122,209
Advertising---$1,630,208
Occupancy---$1,484,270
Pension Plan Contributions---$1,328,332
Payroll Taxes---$1,321,521
Fees for Services Accounting---$212,062
Travel---$164,612
Other Expenses---$155,507
All Other Expenses---$144,228
Grants to Domestic Orgs---$108,716
Conferences and Meetings---$92,824
Fees for Services Legal---$84,252
Total Functional Expenses$0$0$0$63,321,492
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Certificates$1,241,168,347
Interest Payable on Deposits$2,066,767
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union is owned by its members.

Form 990, Part VI, Section A, Line 7A

The credit union board of directors consists of nine members nominated from the general membership. Each board member serves a term of three years. A nominating committee is appointed by the board each year to nominate at least one member to fill each vacancy. Nominations for vacancies may also be made by petition from the membership. The membership votes on the nominees.

Form 990, Part VI, Section A, Line 7B

Members must vote on the removal of members of the board of directors, approval to dissolve the credit union, and merger into another credit union.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the svp/cfo and ceo prior to filing.

Form 990, Part VI, Section B, Line 12C

If a conflict of interest is reported, human resources will investigate the situation and consult with the ceo to determine appropriate action.

Form 990, Part VI, Section B, Line 15

Max uses a credit union compensation system called compease through hr performance solutions to establish salary ranges. The compease system looks at surveys/comparability data and market data to establish ranges. Max also uses the ultipro talent management system to formally document ratings of individual performance. The performance score is part of a system to calculate the percentage used for the annual merit increase, based also on the current salary and position in range. The ceo signs off on all increases. The board of directors approves the annual salary for the ceo based on recommendations of the hr committee.

Form 990, Part VI, Section C, Line 19

Financial statements are posted in all branches on a monthly basis. Financial statements are also included in the annual report each year and distributed to everyone who comes to the annual meeting. In addition, our call report is available on the ncua's website on a quarterly basis.

Filing and Contact Details

Filer

Filer Name
Max Credit Union
EIN
36-4618706
Phone
8007766776
Address
PO BOX 244040, MONTGOMERY, AL 36124-4040

Signing Officer

Name
Tim Marquardt
Title
SVP/CFO
Phone
8007766776
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Head
Formed
1955
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
355
Volunteers
15

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The credit union has a supervisory committee consisting of three volunteers from its membership who assume the responsibility for the oversight of the financial statement audit and selection of the independent accountant.

Financial Statement Notes

PART IV, LINE 2B:

The credit union holds escrowed funds for payment of property taxes and homeowner's insurance as a service to our members who have mortgages with us.

PART X, LINE 2:

The credit union is exempt, under irc 501 (c) (14), from federal and state income taxes. The credit union has filed tax returns in the past for activities it has deemed taxable. The taxing authorities have the ability to assess taxes, penalties and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2019 and 2018. The credit union's 2016 through 2018 tax years are open for examination by federal and state taxing authorities.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt945374
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1026761
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1137846
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1235828
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1337334
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1426944
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1531441
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1632417
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1735392
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1828334
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1932054
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2031699
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2129119
IRS990/Form990PartVIISectionAGrp/PersonNm0BARBARA T STARR
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES W SOLZE JR
IRS990/Form990PartVIISectionAGrp/PersonNm2KEIVAN DERAVI
IRS990/Form990PartVIISectionAGrp/PersonNm3BRADLEY L SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm4K SUE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm5A KELLI WISE
IRS990/Form990PartVIISectionAGrp/PersonNm6LLOYD WOODMAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm7GARY TOMLIN
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN AVERRETT
IRS990/Form990PartVIISectionAGrp/PersonNm9MARTIN EDWARD HEAD
IRS990/Form990PartVIISectionAGrp/PersonNm10GREG MCCLELLAN
IRS990/Form990PartVIISectionAGrp/PersonNm11TIM MARQUARDT
IRS990/Form990PartVIISectionAGrp/PersonNm12WAYNE BLACKWELL
IRS990/Form990PartVIISectionAGrp/PersonNm13SCOTT LINDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14CHERYL PAYSON
IRS990/Form990PartVIISectionAGrp/PersonNm15DG MARKWELL
IRS990/Form990PartVIISectionAGrp/PersonNm16SANDRA STENGER
IRS990/Form990PartVIISectionAGrp/PersonNm17KEN PEAVY
IRS990/Form990PartVIISectionAGrp/PersonNm18KENNETH HILL
IRS990/Form990PartVIISectionAGrp/PersonNm19BRUCE CHAFIN
IRS990/Form990PartVIISectionAGrp/PersonNm20RON CREEL
IRS990/Form990PartVIISectionAGrp/PersonNm21MARTEE MOSELEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt01150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1787
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9320103
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10282842
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11239639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12223960
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13216937
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14214439
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15178212
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16170195
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17194191
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18195660
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19182005
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20179315
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21155322
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP/CHIEF RETAIL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP/CHIEF SUPPORT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16SVC CTR CONSULTANT III
IRS990/Form990PartVIISectionAGrp/TitleTxt17FINANCIAL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP MORTGAGE SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt19SVP MAX CAPITAL
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP BUSINESS SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP BUSINESS SERVICES
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-77768
IRS990/GainOrLossGrp/SecuritiesAmt061003
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0108716
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt021728
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt088328925
IRS990/GrossReceiptsAmt0163112743
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt013
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt09431527
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09431527
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01226400
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01271100
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0319905168
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0352417276
IRS990/IRPDocumentCnt036529
IRS990/IRPDocumentW2GCnt0362
IRS990/LandBldgEquipAccumDeprecAmt035858471
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035664599
IRS990/LandBldgEquipBasisNetGrp/EOYAmt036929468
IRS990/LandBldgEquipCostOrOtherBssAmt072787939
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt099496
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt088267922
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MAX IS A STATE-CHARTERED COMMUNITY CREDIT UNION SERVING APPROXIMATELY 114,000 MEMBERS IN THE MONTGOMERY, ALABAMA AND SURROUNDING AREAS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0186858858
IRS990/NetAssetsOrFundBalancesEOYAmt0204773107
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-16765
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-16765
IRS990/NetUnrelatedBusTxblIncmAmt0173828
IRS990/NetUnrlzdGainsLossesInvstAmt06490416
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01484270
IRS990/OfficeExpensesGrp/TotalAmt012237543
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt044803700
IRS990/OtherAssetsTotalGrp/EOYAmt045925485
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03359958
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2MISC. OPERATING FEES
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt04920000
IRS990/OtherExpensesGrp/TotalAmt12721240
IRS990/OtherExpensesGrp/TotalAmt21366851
IRS990/OtherExpensesGrp/TotalAmt3155507
IRS990/OtherLiabilitiesGrp/BOYAmt01165807806
IRS990/OtherLiabilitiesGrp/EOYAmt01243235114
IRS990/OtherOrganizationDsc0CU
IRS990/OtherSalariesAndWagesGrp/TotalAmt017725808
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0877444861
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0914777387
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01321521
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01328332
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02325188
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02925867
IRS990/PrincipalOfficerNm0MARTIN HEAD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041391978
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111499207
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210884570
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042446833
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111821552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211062178
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01054855
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1322345
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2177608
IRS990/ProgSrvcAccomActy2Grp/Desc0TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, MAX PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER, REAL ESTATE, AND BUSINESS LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
IRS990/ProgSrvcAccomActy3Grp/Desc0IN ADDITION TO THE SAVINGS AND LENDING PRODUCTS WE OFFER, MAX PROVIDES A VARIETY OF OTHER FINANCIAL SERVICES TO MEET THE NEEDS OF OUR MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt06439864
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt012100
IRS990/PYInvestmentIncomeAmt08455826
IRS990/PYOtherExpensesAmt027183457
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt060776075
IRS990/PYRevenuesLessExpensesAmt010603687
IRS990/PYSalariesCompEmpBnftPaidAmt024992793
IRS990/PYTotalExpensesAmt058628214
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt069231901
IRS990/ReconcilationRevenueExpnssAmt011423833
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,149$1,940$209$124$101$23.3
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,964$1,824$140$81.3$63.0$18.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,022$1,804$218$76.8$60.0$16.8
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,769$1,548$222$78.2$67.2$10.9
2019Detailed filing. Detailed filing data is available for this year.$1,461$1,256$205$74.7$63.3$11.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,365$1,178$187$69.2$58.6$10.6
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,315$1,137$178$63.9$54.5$9.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,243$1,073$170$61.1$52.9$8.15
2015Detailed filing. Detailed filing data is available for this year.$1,178$1,015$163$59.5$50.8$8.70
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,092$935$157$57.6$46.9$10.7
2013Detailed filing. Detailed filing data is available for this year.$1,035$893$142$55.1$48.2$6.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$981$839$142$43.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$914$783$131$40.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$862$738$124$43.1