Civic Intelligence

Max Credit Union

990 • Fiscal year 2020 • EIN 36-4618706

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

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

14th percentile

0.87x

Higher debt load relative to assets than 14% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

19.80x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Net Margin

44th percentile

14%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Top Officer Pay

14th percentile

$562,368

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2020 filings • 501(c)14 • $1B+ nonprofits • Source year 2020

Asset Growth

66th percentile

21%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

4.6%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,769,448,467

Up $308,862,273 (+21%) from 2019

Net Assets

Up

$221,606,788

Up $16,833,681 (+8.2%) from 2019

Liabilities

Up

$1,547,841,679

Up $292,028,592 (+23%) from 2019

Revenue

Up

$78,182,943

Up $3,437,618 (+4.6%) from 2019

Expenses

Up

$67,246,495

Up $3,925,003 (+6.2%) from 2019

Net Income

Down

$10,936,448

Down $487,385 (-4.3%) from 2019

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

2020

Assets$1,769,448,467
Liabilities$1,547,841,679
Net Assets$221,606,788

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

2020

Revenue$78,182,943
Expenses$67,246,495
Net Income$10,936,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$78,212,801
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$914,777,387$926,496,100▲ $11,718,713
Investments in Publicly Traded Securities$352,417,276$545,596,473▲ $193,179,197
Rtn Earn Endowment Incm Other Fnds$204,773,107$221,606,788▲ $16,833,681
Savings and Temporary Cash Investments$79,440,015$144,002,487▲ $64,562,472
Land, Buildings, and Equipment, Net$36,929,468$37,100,833▲ $171,365
Cash and Non-Interest-Bearing Accounts$22,724,497$30,226,335▲ $7,501,838
Accounts Receivable$4,175,099$6,426,270▲ $2,251,171
Prepaid Expenses and Deferred Charges$2,925,867$3,721,622▲ $795,755
Investments Other Securities$1,271,100$1,357,100▲ $86,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,460,586,194$1,769,448,467▲ $308,862,273
Other Assets Total$45,925,485$74,521,247▲ $28,595,762
Liabilities
Other Liabilities$1,243,235,114$1,533,452,882▲ $290,217,768
Accounts Payable and Accrued Expenses$11,757,911$13,314,238▲ $1,556,327
Escrow Account Liability$820,062$1,074,559▲ $254,497
Total Liabilities$1,255,813,087$1,547,841,679▲ $292,028,592
Net Assets / Fund Balance
Total Net Assets Fund Balance$204,773,107$221,606,788▲ $16,833,681
Total Liabilities and Net Assets / Fund Balance$1,460,586,194$1,769,448,467▲ $308,862,273

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,047,523$19,579,048$41,626,571
Equipment$5,016,853$17,518,580$22,535,433
Land$9,811,230-$9,811,230
Leasehold Improvements$0$793,952$793,952
Other Land Buildings$225,227-$225,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Martin Edward HeadPresident/CEOFT$410,969$151,399$562,368
Kenneth HillVP Mortgage ServicesFT$120,051$179,263$299,314
Wayne BlackwellSVP/chief Retail OfficerFT$215,756$73,893$289,649
Tim MarquardtSVP/CFOFT$209,560$78,486$288,046
Scott LindleySVP/CIOFT$190,723$72,894$263,617
Cheryl PaysonSVP/chief Support OfficerFT$182,586$70,757$253,343
Sandra StengerSvc CTR Consultant IiiFT$169,001$63,051$232,052
Ken PeavyFinancial AdvisorFT$31,921$188,000$219,921
Ron CreelSVP Business ServicesFT$141,767$68,980$210,747
Bruce ChafinSVP Max CapitalFT$141,713$58,354$200,067
Dg MarkwellChief Marketing OfficerFT$137,037$54,871$191,908
Wendy AndersonAvp Consumer UnderwritingFT$133,069$52,184$185,253

Board Members and Trustees

NameTitle
Barbara T StarrChairman
John AverrettVice-chair
A Kelli WiseDirector
Carl L Whatley JrDirector
Gary TomlinDirector
Lloyd Woodman JrDirector
K Sue JacksonSecretary
James W Solze JrTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
High CottonStatement ServicesPO BOX 101568, Birmingham, AL 35210-6568$1,051,591
Q2 SoftwareHomebanking SoftwarePO BOX 205970, Dallas, TX 75320-5970$874,007
Jack Henry & Associates INCCore It ProcessingPO BOX 609, Monett, MO 65708$815,138
WindstreamCommunicationsPO BOX 3177, Cedar Rapids, IA 52406-3177$734,648
Salesforcecom INCSoftwarePO BOX 203141, Dallas, TX 75320-3141$722,424
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$68,808,960
Investment Income
$9,373,983
Other Revenue
$0
Change in Net Assets
$10,936,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,501,289
Revenue Not Reported on Financial Statements
$-318,346
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-318,346
Total Revenue per Audited Statements
$78,501,289
Total Revenue per Form 990
$78,182,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,526,188
Salaries, Compensation, and Employee Benefits$26,625,630
Grants and Similar Amounts Paid$95,225
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$18,803,811
Office Expenses---$13,928,182
Benefits to Members---$9,999,452
Other Employee Benefits---$2,985,371
Depreciation Depletion---$2,337,823
Current Officers, Directors, Trustees, and Key Employees---$2,074,328
Occupancy---$1,572,868
Payroll Taxes---$1,406,947
Pension Plan Contributions---$1,355,173
Advertising---$1,275,590
Other Expenses---$166,014
Fees for Services Accounting---$125,739
Fees for Services Legal---$109,274
All Other Expenses---$97,781
Grants to Domestic Orgs---$95,225
Conferences and Meetings---$18,506
Travel---$16,191
Total Functional Expenses$0$0$0$67,246,495

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$67,564,659
Total Expenses per Audited Statements$67,564,659
Total Expenses per Form 990$67,246,495
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-318,164
Other Expense Adjustments$-318,164
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
River Region United WayMontgomery, AL501(c)3Community Giving$12,000
Storybook FarmsOpelika, AL501(c)3Community Giving$10,000
Montgomery Museum of Fine ArtsMontgomery, AL501(c)3Community Giving$8,000
Eat SouthMontgomery, AL501(c)3Community Giving$7,000
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$1,531,625,153
Interest Payable on Deposits$1,827,729
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
No
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
2021-11-08
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
357
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, 2020 and 2019. The credit union's 2017 through 2019 tax years are open for examination by federal and state taxing authorities.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rev recorded as exp -318,164. Rounding -182.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rev recorded as exp -318,164.

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IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/OfficerInd5X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt858002
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt941736
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1039591
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1140394
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1230283
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1335051
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1428584
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1528832
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1636041
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1731956
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1831218
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1930026
IRS990/Form990PartVIISectionAGrp/PersonNm0BARBARA T STARR
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN AVERRETT
IRS990/Form990PartVIISectionAGrp/PersonNm2K SUE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES W SOLZE JR
IRS990/Form990PartVIISectionAGrp/PersonNm4A KELLI WISE
IRS990/Form990PartVIISectionAGrp/PersonNm5LLOYD WOODMAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm6GARY TOMLIN
IRS990/Form990PartVIISectionAGrp/PersonNm7CARL L WHATLEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm8MARTIN EDWARD HEAD
IRS990/Form990PartVIISectionAGrp/PersonNm9TIM MARQUARDT
IRS990/Form990PartVIISectionAGrp/PersonNm10WAYNE BLACKWELL
IRS990/Form990PartVIISectionAGrp/PersonNm11SCOTT LINDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm12CHERYL PAYSON
IRS990/Form990PartVIISectionAGrp/PersonNm13SANDRA STENGER
IRS990/Form990PartVIISectionAGrp/PersonNm14WENDY ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm15KENNETH HILL
IRS990/Form990PartVIISectionAGrp/PersonNm16KEN PEAVY
IRS990/Form990PartVIISectionAGrp/PersonNm17RON CREEL
IRS990/Form990PartVIISectionAGrp/PersonNm18BRUCE CHAFIN
IRS990/Form990PartVIISectionAGrp/PersonNm19DG MARKWELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8504366
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9246310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10250058
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11223223
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12223060
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13197001
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14156669
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15270482
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16183880
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17178791
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18168849
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19161882
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10SVP/CHIEF RETAIL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP/CHIEF SUPPORT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVC CTR CONSULTANT III
IRS990/Form990PartVIISectionAGrp/TitleTxt14AVP CONSUMER UNDERWRITING
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP MORTGAGE SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt16FINANCIAL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SVP BUSINESS SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt18SVP MAX CAPITAL
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF MARKETING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-29858
IRS990/GainOrLossGrp/SecuritiesAmt01522853
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/TotalAmt095225
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01522853
IRS990/GrossReceiptsAmt078212801
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt07880988
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07880988
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01271100
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01357100
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0352417276
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0545596473
IRS990/IRPDocumentCnt039765
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037891580
IRS990/LandBldgEquipBasisNetGrp/BOYAmt036929468
IRS990/LandBldgEquipBasisNetGrp/EOYAmt037100833
IRS990/LandBldgEquipCostOrOtherBssAmt074992413
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt029858
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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 117,000 MEMBERS IN THE MONTGOMERY, ALABAMA AND SURROUNDING AREAS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0204773107
IRS990/NetAssetsOrFundBalancesEOYAmt0221606788
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01492995
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01492995
IRS990/NetUnrelatedBusTxblIncmAmt056843
IRS990/NetUnrlzdGainsLossesInvstAmt05897233
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01572868
IRS990/OfficeExpensesGrp/TotalAmt013928182
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt045925485
IRS990/OtherAssetsTotalGrp/EOYAmt074521247
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02985371
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2MISC. OPERATING FEES
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt07028000
IRS990/OtherExpensesGrp/TotalAmt12767595
IRS990/OtherExpensesGrp/TotalAmt21082625
IRS990/OtherExpensesGrp/TotalAmt3166014
IRS990/OtherLiabilitiesGrp/BOYAmt01243235114
IRS990/OtherLiabilitiesGrp/EOYAmt01533452882
IRS990/OtherOrganizationDsc0CU
IRS990/OtherSalariesAndWagesGrp/TotalAmt018803811
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0914777387
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0926496100
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01406947
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01355173
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02925867
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03721622
IRS990/PrincipalOfficerNm0MARTIN HEAD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042074861
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113018647
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212364398
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042876659
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113201280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212731021
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0801798
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1182633
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2366623
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/PYBenefitsPaidToMembersAmt09592430
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0108716
IRS990/PYInvestmentIncomeAmt09414762
IRS990/PYOtherExpensesAmt027762518
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt065330563
IRS990/PYRevenuesLessExpensesAmt011423833
IRS990/PYSalariesCompEmpBnftPaidAmt025857828
IRS990/PYTotalExpensesAmt063321492
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt074745325
IRS990/ReconcilationRevenueExpnssAmt010936448
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0204773107
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0221606788
IRS990/SavingsAndTempCashInvstGrp/BOYAmt079440015
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0144002487
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt022047523
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019579048
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt041626571
IRS990ScheduleD/EquipmentGrp/BookValueAmt05016853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017518580
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022535433
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-318164
IRS990ScheduleD/ExpensesSubtotalAmt067564659

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2020Detailed filing. Detailed filing data is available for this year.$1,769$1,548$222$78.2$67.2$10.9
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Peer Organizations

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