Liabilities / Assets
27th percentile
Higher debt load relative to assets than 27% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
27th percentile
Higher debt load relative to assets than 27% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
58th percentile
Faster asset growth than 58% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Assets
Up$117,229,806
Up $6,235,080 (+5.6%) from 2010
Net Assets
Down$14,381,687
Down $841,996 (-5.5%) from 2010
Liabilities
Up$102,848,119
Up $7,077,076 (+7.4%) from 2010
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$6,172,000
Down $869,935 (-12%) from 2010
Net Income
-
No earlier filing loaded for comparison.
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.
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReview | 0 | 0 |
| IRS990/AccountsPayableAccruedExpenses/BOY | 0 | 271811 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 1200622 |
| IRS990/AccountsReceivable/EOY | 0 | 200169 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | COOPERATIVE CREDIT UNION |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | PO BOX 36489 |
| IRS990/AddressPrincipalOfficerUS/City | 0 | HOOVER |
| IRS990/AddressPrincipalOfficerUS/State | 0 | AL |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 35236 |
| IRS990/Advertising/Total | 0 | 180000 |
| IRS990/AllOtherExpenses/Total | 0 | 155524 |
| IRS990/BenefitsPaidToMembersCY | 0 | 0 |
| IRS990/BenefitsPaidToMembersPriorYear | 0 | 0 |
| IRS990/BsnssRltnshpThruFamilyMember | 0 | 0 |
| IRS990/BsnssRltnshpWithOrganization | 0 | 0 |
| IRS990/CapStckTrstPrinCurrentFunds/BOY | 0 | 0 |
| IRS990/CapStckTrstPrinCurrentFunds/EOY | 0 | 0 |
| IRS990/CashNonInterestBearing/BOY | 0 | 1 |
| IRS990/ChangesToOrganizingDocs | 0 | 0 |
| IRS990/CollectionsOfArt | 0 | 0 |
| IRS990/CompCurrentOfficersDirectors/Total | 0 | 296315 |
| IRS990/CompensationFromOtherSources | 0 | 0 |
| IRS990/CompensationProcessCEO | 0 | 1 |
| IRS990/CompensationProcessOther | 0 | 0 |
| IRS990/ConflictOfInterestPolicy | 0 | 0 |
| IRS990/ConservationEasements | 0 | 0 |
| IRS990/ConsolidatedAuditFinancialStmt | 0 | 0 |
| IRS990/ContributionsGrantsCurrentYear | 0 | 0 |
| IRS990/ContributionsGrantsPriorYear | 0 | 0 |
| IRS990/CreditCounseling | 0 | 1 |
| IRS990/DecisionsSubjectToApproval | 0 | 1 |
| IRS990/DeductibleContributionsOfArt | 0 | 0 |
| IRS990/DeductibleNonCashContributions | 0 | 0 |
| IRS990/DelegationOfManagementDuties | 0 | 0 |
| IRS990/DepreciationDepletion/Total | 0 | 163185 |
| IRS990/DescribedIn501C3 | 0 | 0 |
| IRS990/Description | 0 | CODE OF ALABAMA, SEC 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. FIRST EDUCATORS CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO ARE EMPLOYEES OF THE PUBLIC SCHOOLS LOCATED IN JEFFERSON, CALHOUN, WALKER AND TALLADEGA COUNTIES AND THEIR RELATIVES. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2011, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 16,065 MEMBERS. |
| IRS990/DisregardedEntity | 0 | 0 |
| IRS990/DocumentRetentionPolicy | 0 | 1 |
| IRS990/DonorAdvisedFunds | 0 | 0 |
| IRS990/DoNotFollowSFAS117 | 0 | X |
| IRS990/ElectionOfBoardMembers | 0 | 1 |
| IRS990/EmploymentTaxReturnsFiled | 0 | 1 |
| IRS990/EscrowAccountLiability/BOY | 0 | 6559 |
| IRS990/EscrowAccountLiability/EOY | 0 | 38002 |
| IRS990/Expense | 0 | 6172000 |
| IRS990/FamilyOrBusinessRelationship | 0 | 0 |
| IRS990/FederalGrantAuditRequired | 0 | 0 |
| IRS990/FeesForServicesOther/Total | 0 | 752887 |
| IRS990/ForeignActivities | 0 | 0 |
| IRS990/ForeignFinancialAccount | 0 | 0 |
| IRS990/ForeignOffice | 0 | 0 |
| IRS990/Form8282PropertyDisposedOf | 0 | 0 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 0 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 2 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 3 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 4 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 5 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 6 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 7 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 8 | 0.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 9 | 40.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 10 | 40.00 |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 0 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 1 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 2 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 3 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 4 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 5 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 6 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 7 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 8 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | CLAUDE O VAUGHN |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | DONALD DUCK |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | DR WAYMON SHIVER |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | DR BASCOM WOODWARD |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | PHILP WOODS |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | DR BILLY T MARSH |
| IRS990/Form990PartVIISectionA/NamePerson | 6 | DR SIMPSON BERRY |
| IRS990/Form990PartVIISectionA/NamePerson | 7 | DR THAMAR BARRETT |
| IRS990/Form990PartVIISectionA/NamePerson | 8 | DEBORAH HORN |
| IRS990/Form990PartVIISectionA/NamePerson | 9 | STEVE NIX |
| IRS990/Form990PartVIISectionA/NamePerson | 10 | JOHN WHEELER |
| IRS990/Form990PartVIISectionA/Officer | 0 | X |
| IRS990/Form990PartVIISectionA/Officer | 1 | X |
| IRS990/Form990PartVIISectionA/OtherCompensation | 0 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 1 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 2 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 3 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 4 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 5 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 6 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 7 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 8 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 9 | 8164 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 10 | 24460 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 4 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 8 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 9 | 176244 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 10 | 104701 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 4 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 5 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 6 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 8 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 9 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 10 | 0 |
| IRS990/Form990PartVIISectionA/Title | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionA/Title | 7 | SUPERVISOR COMMITTEE |
| IRS990/Form990PartVIISectionA/Title | 8 | SUPERVISOR COMMITTEE |
| IRS990/Form990PartVIISectionA/Title | 9 | PRESIDENT |
| IRS990/Form990PartVIISectionA/Title | 10 | VICE PRESIDENT |
| IRS990/Form990ProvidedToGoverningBody | 0 | 0 |
| IRS990/Form990-TFiled | 0 | 1 |
| IRS990/FormersListed | 0 | 0 |
| IRS990/FSAudited | 0 | 0 |
| IRS990/FundraisingActivities | 0 | 0 |
| IRS990/FundsToPayPremiums | 0 | 0 |
| IRS990/Gaming | 0 | 0 |
| IRS990/GrantsAndSimilarAmntsCY | 0 | 0 |
| IRS990/GrantsAndSimilarAmntsPriorYear | 0 | 0 |
| IRS990/GrantsToIndividuals | 0 | 0 |
| IRS990/GrantsToOrganizations | 0 | 0 |
| IRS990/GrantToRelatedPerson | 0 | 0 |
| IRS990/GrossReceipts | 0 | 6778937 |
| IRS990/GroupExemptionNumber | 0 | 1422 |
| IRS990/GroupReturnForAffiliates | 0 | 0 |
| IRS990/Hospital | 0 | 0 |
| IRS990/IndependentAuditFinancialStmt | 0 | 0 |
| IRS990/IndoorTanningServices | 0 | 0 |
| IRS990/InfoInScheduleOPartVI | 0 | X |
| IRS990/InfoInScheduleOPartXI | 0 | X |
| IRS990/InfoInScheduleOPartXII | 0 | X |
| IRS990/Insurance/Total | 0 | 352404 |
| IRS990/InvestmentIncomeCurrentYear | 0 | 0 |
| IRS990/InvestmentIncomePriorYear | 0 | 0 |
| IRS990/InvestmentInJointVenture | 0 | 0 |
| IRS990/InvestmentsProgramRelated/BOY | 0 | 21626397 |
| IRS990/InvestmentsProgramRelated/EOY | 0 | 34955480 |
| IRS990/LandBldgEquipmentAccumDeprec | 0 | 1691922 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 5089694 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 3054387 |
| IRS990/LandBuildingsEquipmentBasisNet/EOY | 0 | 3397772 |
| IRS990/LoanToOfficerOrDQP | 0 | 0 |
| IRS990/LocalChapters | 0 | 0 |
| IRS990/MaterialDiversionOrMisuse | 0 | 0 |
| IRS990/MembersOrStockholders | 0 | 1 |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfCommittees | 0 | 1 |
| IRS990/MinutesOfGoverningBody | 0 | 1 |
| IRS990/MissionDescription | 0 | 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. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | STEVE NIX |
| IRS990/NbrIndependentVotingMembers | 0 | 7 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 7 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 7 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 15223683 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 14381687 |
| IRS990/NetUnrelatedBusinessTxblIncome | 0 | 0 |
| IRS990/NonDeductibleContributions | 0 | 0 |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 4495 |
| IRS990/NumberIndependentVotingMembers | 0 | 7 |
| IRS990/NumberIndividualsGT100K | 0 | 2 |
| IRS990/NumberOfContractorsGT100K | 0 | 0 |
| IRS990/NumberOfEmployees | 0 | 59 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/Total | 0 | 179203 |
| IRS990/OfficeExpenses/Total | 0 | 403984 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 0 |
| IRS990/OfficerMailingAddress | 0 | 0 |
| IRS990/Organization501c | 0 | X |
| IRS990/OtherAssetsTotal/BOY | 0 | 4617450 |
| IRS990/OtherAssetsTotal/EOY | 0 | 3953176 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 592116 |
| IRS990/OtherExpensePriorYear | 0 | 4961626 |
| IRS990/OtherExpensesCurrentYear | 0 | 4043577 |
| IRS990/OtherExpenses/Description | 0 | MEMBER SHARE DIVIDENDS |
| IRS990/OtherExpenses/Description | 1 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpenses/Description | 2 | LOAN SERVICING |
| IRS990/OtherExpenses/Description | 3 | DATA PROCESSING |
| IRS990/OtherExpenses/Total | 0 | 840159 |
| IRS990/OtherExpenses/Total | 1 | 715000 |
| IRS990/OtherExpenses/Total | 2 | 149517 |
| IRS990/OtherExpenses/Total | 3 | 121874 |
| IRS990/OtherLiabilities/BOY | 0 | 95492673 |
| IRS990/OtherLiabilities/EOY | 0 | 101609495 |
| IRS990/OtherNotesLoansReceivableNet/BOY | 0 | 72150319 |
| IRS990/OtherNotesLoansReceivableNet/EOY | 0 | 64877553 |
| IRS990/OtherRevenueCurrentYear | 0 | 0 |
| IRS990/OtherRevenuePriorYear | 0 | 0 |
| IRS990/OtherSalariesAndWages/Total | 0 | 1239992 |
| IRS990/PaidInCapSrplsLandBldgEqpFund/BOY | 0 | 0 |
| IRS990/PaidInCapSrplsLandBldgEqpFund/EOY | 0 | 0 |
| IRS990/PartialLiquidation | 0 | 0 |
| IRS990/PoliticalActivities | 0 | 0 |
| IRS990/PremiumsPaid | 0 | 0 |
| IRS990/PrepaidExpensesDeferredCharges/BOY | 0 | 126913 |
| IRS990/PrepaidExpensesDeferredCharges/EOY | 0 | 118893 |
| IRS990/ProfessionalFundraising | 0 | 0 |
| IRS990/ProgramServiceRevenue/BusinessCode | 0 | 522100 |
| IRS990/ProgramServiceRevenue/BusinessCode | 1 | 522100 |
| IRS990/ProgramServiceRevenue/BusinessCode | 2 | 522100 |
| IRS990/ProgramServiceRevenueCY | 0 | 6778937 |
| IRS990/ProgramServiceRevenue/Description | 0 | INTEREST INCOME FROM L |
| IRS990/ProgramServiceRevenue/Description | 1 | FINANCIAL SERVICE FEES |
| IRS990/ProgramServiceRevenue/Description | 2 | INVESTMENT INCOME |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 7041936 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 5117991 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 1 | 1276284 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 2 | 375566 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 5117991 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 1 | 1285380 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 2 | 375566 |
| IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue | 0 | 9096 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 0 |
| IRS990/ReconcilationOtherChanges | 0 | -1448933 |
| IRS990/ReconcilationRevenueExpenses | 0 | 606937 |
| IRS990/RelatedEntity | 0 | 0 |
| IRS990/RelatedOrgControlledEntity | 0 | 0 |
| IRS990/ReportFin48Footnote | 0 | 0 |
| IRS990/ReportInvestOthSecurities | 0 | 0 |
| IRS990/ReportLandBldgEquip | 0 | 1 |
| IRS990/ReportOtherAssets | 0 | 0 |
| IRS990/ReportOtherLiabilities | 0 | 1 |
| IRS990/ReportProgRelInvest | 0 | 1 |
| IRS990/RetainedEarningsEndowmentEtc/BOY | 0 | 15223683 |
| IRS990/RetainedEarningsEndowmentEtc/EOY | 0 | 14381687 |
| IRS990/RevenuesLessExpensesCY | 0 | 606937 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | 1 |
| IRS990/SalariesEtcCurrentYear | 0 | 2128423 |
| IRS990/SalariesEtcPriorYear | 0 | 2080309 |
| IRS990/SavingsAndTempCashInvestments/BOY | 0 | 9419259 |
| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 9726763 |
| IRS990/ScheduleBRequired | 0 | 0 |
| IRS990ScheduleD/AgentTrusteeEtc | 0 | 0 |
| IRS990ScheduleD/Buildings/BookValue | 0 | 2381701 |
| IRS990ScheduleD/Buildings/Depreciation | 0 | 495184 |
| IRS990ScheduleD/Buildings/OtherCostOrOtherBasis | 0 | 2876885 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 190032 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 1156704 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 1346736 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE CREDIT UNION ACCEPTS AND MAINTAINS ESCROW PAYMENTS TO PAY ANNUAL TAXES AND INSURANCE ON MORTGAGED PROPERTY. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION PERFORMS A REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT AS OF SEPTEMBER 30 EACH YEAR IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR DEPOSITORY AND LENDING FINANCIAL INSTITUTIONS. AS A LENDING AND DEPOSIT-TAKING FINANCIAL INSTITUTION, THE CREDIT UNION IS NOT REQUIRED TO PREPARE IT'S FINANCIAL STATEMENTS IN ACCORDANCE WITH SFAS 117. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | PART IV, LINE 2B: |
| IRS990ScheduleD/IncludedOnFS | 0 | 1 |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 0 | 3849877 |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 1 | 26997711 |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 2 | 179435 |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 3 | 50000 |
| IRS990ScheduleD/InvestmentsProgramRelated/BookValue | 4 | 3878457 |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 0 | AFS INVESTMENT SECURITIES |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 1 | CORPORATE CREDIT UNION DEPOSITS |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 2 | FHLB INVESTMENTS |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 3 | CUSO INVESTMENT |
| IRS990ScheduleD/InvestmentsProgramRelated/Description | 4 | INVESTMENT LIFE IN INSURANCE CONTRACTS |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 0 | F |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 1 | C |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 2 | C |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 3 | C |
| IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation | 4 | C |
| IRS990ScheduleD/Land/BookValue | 0 | 822660 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 822660 |
| IRS990ScheduleD/LeaseholdImprovements/BookValue | 0 | 3379 |
| IRS990ScheduleD/LeaseholdImprovements/Depreciation | 0 | 40034 |
| IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis | 0 | 43413 |
| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 101609495 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | MEMBER SHARES AND CERTIFICATE SHARES |
| IRS990ScheduleD/TotalOfAmounts | 0 | 101609495 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 3397772 |
| IRS990ScheduleD/TotalOfBookValueProgramRelated | 0 | 34955480 |
| IRS990ScheduleJ/BoardOrCommitteeApproval | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrangement | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg | 0 | 166317 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg | 0 | 6803 |
| IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg | 0 | 7908 |
| IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson | 0 | STEVE NIX |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg | 0 | 256 |
| IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg | 0 | 3124 |
| IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs | 0 | 0 |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg | 0 | 184408 |
| IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs | 0 | 0 |
| IRS990/ScheduleJRequired | 0 | 1 |
| IRS990ScheduleJ/SeverancePayment | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRetirePlan | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | ALABAMA BANKING CODE, SECTION 5-17-5 STATES THAT, "CREDIT UNION MEMBERSHIP SHALL CONSIST OF THE INCORPORATORS AND SUCH OTHER PERSONS AS MAY BE ELECTED TO MEMBERSHIP AND WHO SUBSCRIBE TO AT LEAST ONE SHARE AND PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE. ORGANIZATIONS, INCORPORATED OR OTHERWISE, COMPOSED FOR THE MOST PART OF THE SAME GENERAL GROUP AS THE CREDIT UNION MEMBERSHIP MAY BE MEMBERS. CREDIT UNION ORGANIZATION SHALL BE LIMITED TO GROUPS, OF BOTH LARGE AND SMALL MEMBERSHIP, HAVING A COMMON BOND OF OCCUPATION OR ASSOCIATION OR TO GROUPS WITHIN A WELL- DEFINED NEIGHBORHOOD, COMMUNITY OR RURAL DISTRICT." THE MEMBERSHIP OF FIRST EDUCATORS CREDIT UNION WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO ARE EMPLOYEES OF THE PUBLIC SCHOOLS LOCATED IN JEFFERSON, CALHOUN, WALKER AND TALLADEGA COUNTIES AND THEIR RELATIVES. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2011, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 16,065 MEMBERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | ALABAMA BANKING CODE, SECTION 5-17-10 STATES THAT, "AT THE ANNUAL MEETING, THE CREDIT UNION SHALL ELECT A BOARD OF DIRECTORS OF NOT LESS THAN FIVE MEMBERS, A CREDIT COMMITTEE OF NOT LESS THAN THREE MEMBERS AND A SUPERVISORY COMMITTEE OF THREE MEMBERS, ALL TO HOLD OFFICE FOR SUCH TERMS RESPECTIVELY AS THE BYLAWS PROVIDE AND UNTIL SUCCESSORS QUALIFY. A RECORD OF THE NAMES AND ADDRESSES OF THE MEMBERS OF THE BOARD AND COMMITTEES AND THE OFFICERS SHALL BE FILED WITH THE ADMINISTRATOR OF THE ALABAMA CREDIT UNION ADMINISTRATION WITHIN 10 DAYS OF THEIR ELECTION. IF, HOWEVER, THE BYLAWS SO PROVIDE, THE BOARD OF DIRECTORS SHALL CARRY OUT THE FUNCTIONS AND DUTIES OF THE CREDIT COMMITTEE AND THE CREDIT UNION SHALL NOT ELECT A CREDIT COMMITTEE." THE BYLAWS OF FIRST EDUCATORS CREDIT UNION GOVERNING ELECTIONS ARE AS FOLLOWS: SEC. 1. AT LEAST ONE HUNDRED TWENTY (120) DAYS PRIOR TO EACH ANNUAL MEETING, THE CHAIRMAN OF THE BOARD OF DIRECTORS SHALL APPOINT A NOMINATING COMMITTEE OF NOT LESS THAN THREE (3) MEMBERS. IT SHALL BE THE DUTY OF THE NOMINATING COMMITTEE TO NOMINATE ONE MEMBER FOR EACH VACANCY (INCLUDING ANY UNEXPIRED VACANCY) ON THE BOARD OF DIRECTORS AND ON THE SUPERVISORY COMMITTEE FOR WHICH ELECTIONS WILL BE HELD AT THE ANNUAL MEETING. IN THE EVENT THAT A VACANCY ARISES SUBSEQUENT TO THE REPORT OF THE NOMINATING COMMITTEE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER TO HOLD SUCH ELECTION IN CONJUNCTION WITH THE ELECTIONS ALREADY SCHEDULED FOR THE ANNUAL MEMBERSHIP MEETING OR TO HOLD SUCH ELECTION AS SOON AS PRACTICABLE FOLLOWING THE ANNUAL MEMBERSHIP MEETING. THE NOMINATING COMMITTEE SHALL FILE NOMINATIONS FOR ELECTIONS TO BE HELD IN CONJUNCTION WITH THE ANNUAL MEETING AT LEAST NINETY (90) DAYS PRIOR TO THE ANNUAL MEETING, AND THE SECRETARY SHALL NOTIFY, IN WRITING, ALL MEMBERS ELIGIBLE TO VOTE AT LEAST SEVENTY-FIVE (75) DAYS PRIOR TO THE ANNUAL MEETING, SAID NOTIFICATION TO CONTAIN THE FOLLOWING: A. THE NAMES OF THE NOMINEES OF THE NOMINATING COMMITTEE AND SUCH OTHER INFORMATION IS DEEMED DESIRABLE. B. A STATEMENT THAT PETITIONS SIGNED BY ONE (1) PERCENT OF THE MEMBERS (WITH A MAXIMUM OF FIVE HUNDRED (500)) ARE REQUIRED TO NOMINATE OTHER CANDIDATES. C. A STATEMENT OF A DEADLINE BEYOND WHICH NOMINATIONS BY PETITIONS WILL NOT BE ACCEPTED (PROVIDED THAT SUCH DEADLINE IS AT LEAST THIRTY (30) DAYS AFTER THE MAILING OF THE NOTICE). SEC. 2. ALL ELECTIONS SHALL BE DETERMINED BY PLURALITY VOTE AND SHALL BE BY BALLOT EXCEPT WHERE THERE IS ONLY ONE (1) NOMINEE FOR EACH POSITION TO BE FILLED. NOMINATIONS SHALL NOT BE MADE FROM THE FLOOR UNLESS SUFFICIENT NOMINATIONS HAVE NOT BEEN MADE BY THE NOMINATING COMMITTEE OR BY PETITION TO PROVIDE FOR ONE (1) NOMINEE FOR EACH POSITION TO BE FILLED OR UNLESS CIRCUMSTANCES PREVENT THE CANDIDACY OF ONE (1) NOMINEE FOR A POSITION TO BE FILLED. ONLY THOSE POSITIONS WITHOUT A NOMINEE SHALL BE SUBJECT TO NOMINATIONS FROM THE FLOOR OR SUBJECT TO BALLOTING AT THE ANNUAL MEETING; PROVIDED THAT ANY VACANCY OCCURRING AFTER APPOINTMENT OF THE NOMINATING COMMITTEE SHALL NOT BE SUBJECT TO NOMINATION OR VOTING IF THE BOARD HAS DETERMINED TO NOT CONDUCT SUCH ELECTION IN CONJUNCTION WITH THE ANNUAL MEETING. IF NOMINATIONS AND VOTING ARE APPROPRIATE, THE CHAIRMAN OF THE BOARD SHALL APPOINT TELLERS. WRITTEN BALLOTS SHALL BE DISTRIBUTED,THE VOTE TAKEN, THE RESULTS TALLIED BY THE TELLERS AND THE RESULTS ANNOUNCED. ELECTION MAY BE BY SEPARATE BALLOT FOR EACH VACANCY OR BY ONE (1) BALLOT FOR ALL VACANCIES AT THE DISCRETION OF THE PRESIDING OFFICER. SEC. 3. BALLOTS SHALL BE MAILED TO THE MEMBERSHIP AT LEAST THIRTY (30) DAYS PRIOR TO THE ANNUAL MEETING AND BALLOTS RECEIVED THROUGH THE DAY PRIOR TO THE ANNUAL MEETING SHALL BE COUNTED. THE RESULTS SHALL BE ANNOUNCED AT THE ANNUAL MEETING. THE MAILING PROCEDURES, VERIFICATION PROCEDURES AND VOTE TALLYING PROCEDURES SHALL BE BY SUCH PERSONS AND PURSUANT TO SUCH PROCEDURES AS ARE APPROVED BY THE BOARD OF DIRECTORS. SEC. 4. NO MEMBER SHALL BE ENTITLED TO VOTE BY PROXY, EXCEPT AS PR |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S MEMBERS: ELECTION & TERMINATION OF BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS, EXPULSION OF CREDIT UNION MEMBERS,CONVERSION FROM STATE TO FEDERAL CHARTER, AND MERGER DECISIONS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | MANAGEMENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. THE RETURN IS REVIEWED BY THE BOARD AT A LATER DATE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | MANAGEMENT'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS CAN BE FOUND ON THE WEBSITE OF THE NCUA AT NCUA.GOV. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | CHANGE IN INVESTMENT VALUATION 10,991. CHANGE IN OTHER COMPREHENSIVE INCOME -1,459,924. TOTAL TO FORM 990, PART XI, LINE 5: -1,448,933. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND/OR THE NATIONAL CREDIT UNION ADMINISTRATION PERFORM A REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT AS OF SEPTEMBER 30 EACH YEAR. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | THE CREDIT UNION'S HAS A SUPERVISORY COMMITTEE THAT IS RESPONSIBLE FOR ENSURING THAT THE BOARD OF DIRECTORS AND MANAGEMENT OF THE CREDIT UNION - (1)MEET REQUIRED FINANCIAL REPORTING OBJECTIVES AND (2) ESTABLISH PRACTICES AND PROCEDURES SUFFICIENT TO SAFEGUARD MEMBERS' ASSETS. THIS INCLUDES OVERSEEING THE ANNUAL FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR/ACCOUNTANT. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | CHANGES IN NET ASSETS OR FUND BALANCES: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART XI, LINE 5: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART XII, LINE 2B: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PART XII, LINE 2C: |
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| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | AL |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 1810 MERCHANTS DRIVE |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | BIRMINGHAM |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | AL |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 35244 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | STEVE NIX |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 2055818800 |
| IRS990/TotalAssets/BOY | 0 | 110994726 |
| IRS990/TotalAssetsBOY | 0 | 110994726 |
| IRS990/TotalAssets/EOY | 0 | 117229806 |
| IRS990/TotalAssetsEOY | 0 | 117229806 |
| IRS990/TotalCompGT150K | 0 | 1 |
| IRS990/TotalExpensesCurrentYear | 0 | 6172000 |
| IRS990/TotalExpensesPriorYear | 0 | 7041935 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 6172000 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 9096 |
| IRS990/TotalLiabilities/BOY | 0 | 95771043 |
| IRS990/TotalLiabilitiesBOY | 0 | 95771043 |
| IRS990/TotalLiabilities/EOY | 0 | 102848119 |
| IRS990/TotalLiabilitiesEOY | 0 | 102848119 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 110994726 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 117229806 |
| IRS990/TotalNbrEmployees | 0 | 59 |
| IRS990/TotalNbrVolunteers | 0 | 9 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 15223683 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 14381687 |
| IRS990/TotalOtherCompensation | 0 | 32624 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceExpense | 0 | 6172000 |
| IRS990/TotalProgramServiceRevenue | 0 | 6778937 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 280945 |
| IRS990/TotalRevenueCurrentYear | 0 | 6778937 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 0 |
| IRS990/TotalRevenuePriorYear | 0 | 7041936 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 6769841 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 6778937 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 9096 |
| IRS990/TransactionRelatedEntity | 0 | 0 |
| IRS990/Travel/Total | 0 | 29840 |
| IRS990/TypeOfOrganizationOther | 0 | X |
| IRS990/TypeOfOrgOtherDescription | 0 | STATE CHARTERED COOPERATIVE CREDIT UNION |
| IRS990/UnrelatedBusinessIncome | 0 | 1 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.FIRSTEDUCATORSCU.COM |
| IRS990/WhistleblowerPolicy | 0 | 0 |
| IRS990/YearFormation | 0 | 1935 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 630021787 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | FIRST EDUCATORS CREDIT UNION |
| ReturnHeader/Filer/NameControl | 0 | CRED |
| ReturnHeader/Filer/Phone | 0 | 2055818800 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 36489 |
| ReturnHeader/Filer/USAddress/City | 0 | HOOVER |
| ReturnHeader/Filer/USAddress/State | 0 | AL |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 35236 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2012-11-05 |
| ReturnHeader/Officer/Name | 0 | STEVE NIX |
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Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.