Civic Intelligence

Social Security Credit Union

990 • Fiscal year 2023 • EIN 63-0332689

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

Organization ProfileWWW.SSACU.COM

View Organization Page

1200 Rev Abraham Woods Jr BlvdBirmingham, AL 35285

(205) 323-7028

Siviq Scores

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

Liabilities / Assets

10th percentile

0.78x

Higher debt load relative to assets than 10% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

29th percentile

14.99x

Higher debt load relative to revenue than 29% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$204,270

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2023

Asset Growth

56th percentile

-2.1%

Faster asset growth than 56% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

31%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets10th percentile

Assets

Flat

$34,400,273

Flat from 2023

Net Assets

Flat

$7,397,275

Flat from 2023

Liabilities

Flat

$27,002,998

Flat from 2023

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin82nd percentile

Revenue

Flat

$1,801,929

Flat from 2023

Expenses

Flat

$1,336,892

Flat from 2023

Net Income

Flat

$465,037

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$40M$30M$20M$10M$0Assets 2011: $27,015,364Liabilities 2011: $21,321,014Net Assets 2011: $5,694,3502011Assets 2012: $27,806,946Liabilities 2012: $21,996,256Net Assets 2012: $5,810,6902012Assets 2013: $27,653,293Liabilities 2013: $21,765,146Net Assets 2013: $5,888,1472013Assets 2014: $28,351,517Liabilities 2014: $22,425,420Net Assets 2014: $5,926,0972014Assets 2015: $28,462,420Liabilities 2015: $22,434,474Net Assets 2015: $6,027,9462015Assets 2016: $29,255,862Liabilities 2016: $23,127,826Net Assets 2016: $6,128,0362016Assets 2017: $29,375,879Liabilities 2017: $23,117,226Net Assets 2017: $6,258,6532017Assets 2018: $30,821,814Liabilities 2018: $24,353,006Net Assets 2018: $6,468,8082018Assets 2019: $31,042,523Liabilities 2019: $24,445,858Net Assets 2019: $6,596,6652019Assets 2020: $34,692,264Liabilities 2020: $27,921,050Net Assets 2020: $6,771,2142020Assets 2021: $36,284,039Liabilities 2021: $29,379,951Net Assets 2021: $6,904,0882021Assets 2022: $35,140,489Liabilities 2022: $28,274,820Net Assets 2022: $6,865,6692022Assets 2023: $34,400,273Liabilities 2023: $27,002,998Net Assets 2023: $7,397,2752023Assets 2023: $34,400,273Liabilities 2023: $27,002,998Net Assets 2023: $7,397,2752023Assets 2024: $35,036,256Liabilities 2024: $27,225,668Net Assets 2024: $7,810,5882024

Highlighted filing

2023

Assets$34,400,273
Liabilities$27,002,998
Net Assets$7,397,275
Open 2023 Filing

Operations Trend

Revenue Growth72nd percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $1,207,9802011Revenue 2012: $1,263,888Expenses 2012: $1,147,548Net Income 2012: $116,3402012Revenue 2013: $1,194,444Expenses 2013: $1,116,987Net Income 2013: $77,4572013Revenue 2014: $1,207,599Expenses 2014: $1,170,734Net Income 2014: $36,8652014Revenue 2015: $1,290,541Expenses 2015: $1,186,984Net Income 2015: $103,5572015Revenue 2016: $1,350,460Expenses 2016: $1,250,370Net Income 2016: $100,0902016Revenue 2017: $1,389,971Expenses 2017: $1,259,432Net Income 2017: $130,5392017Revenue 2018: $1,498,557Expenses 2018: $1,288,422Net Income 2018: $210,1352018Revenue 2019: $1,528,369Expenses 2019: $1,400,512Net Income 2019: $127,8572019Revenue 2020: $1,464,454Expenses 2020: $1,289,906Net Income 2020: $174,5482020Revenue 2021: $1,259,949Expenses 2021: $1,127,075Net Income 2021: $132,8742021Revenue 2022: $1,379,487Expenses 2022: $1,267,586Net Income 2022: $111,9012022Revenue 2023: $1,801,929Expenses 2023: $1,336,892Net Income 2023: $465,0372023Revenue 2023: $1,801,929Expenses 2023: $1,336,892Net Income 2023: $465,0372023Revenue 2024: $1,885,471Expenses 2024: $1,547,630Net Income 2024: $337,8412024

Highlighted filing

2023

Revenue$1,801,929
Expenses$1,336,892
Net Income$465,037
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.0
Gross Receipts
$1,801,929
Mission and Program Overview

Mission

Credit union - to provide services for approximately 2,657 members in the form of loans, savings, and other financial services.

Credit union - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$13,849,001$13,779,950▼ $69,051
Savings and Temporary Cash Investments-$11,571,000-
Investments Other Securities$16,737,367$7,327,935▼ $9,409,432
Rtn Earn Endowment Incm Other Fnds$3,899,552$4,431,158▲ $531,606
Cap Stk Tr Prin Current Funds$2,966,117$2,966,117→ $0
Cash and Non-Interest-Bearing Accounts$4,113,513$1,275,730▼ $2,837,783
Prepaid Expenses and Deferred Charges$31,556$31,926▲ $370
Land, Buildings, and Equipment, Net$53,291$21,235▼ $32,056
Total Assets$35,140,489$34,400,273▼ $740,216
Other Assets Total$355,761$392,497▲ $36,736
Liabilities
Other Liabilities$28,077,925$26,845,920▼ $1,232,005
Accounts Payable and Accrued Expenses$196,895$157,078▼ $39,817
Total Liabilities$28,274,820$27,002,998▼ $1,271,822
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,865,669$7,397,275▲ $531,606
Total Liabilities and Net Assets / Fund Balance$35,140,489$34,400,273▼ $740,216

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5$352,066$352,071
Leasehold Improvements$21,230$85,223$106,453
Other Securities$40,688--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angelic PritchettCEO/managerFT$128,546$75,724$204,270

Board Members and Trustees

NameTitle
Jamael JohnsonSc Chair
Lee WilliamsonBoard Member
Nilma MechamBoard Secret
Winfred WalkerBoard Treasu
Henry WilliamsBod Presiden
Carlos GutierrezBod Vice Pre
Dewayne BrownNom COM Chai
Flor GuanipaNom COM Mem
Tiffany WileySc Mem
Wilhelmenia JonesSc Mem
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,044,106
Investment Income
$622,569
Other Revenue
$135,254
Change in Net Assets
$465,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$920,575
Salaries, Compensation, and Employee Benefits$416,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$363,564-$363,564
Occupancy-$130,767-$130,767
Office Expenses-$80,904-$80,904
Other Expenses-$62,695-$62,695
Other Employee Benefits-$61,041-$61,041
Pension Plan Contributions-$58,405-$58,405
Interest-$40,860-$40,860
Conferences and Meetings-$26,096-$26,096
All Other Expenses-$20,674-$20,674
Payroll Taxes-$-66,693-$-66,693
Total Functional Expenses$0$1,336,892$0$1,336,892
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
Regular Shares$17,604,737
Share Drafts$6,013,500
All Other Shares$3,227,683
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Page 6, Part VI, Line 6

“The credit union is owned by the members.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting every year.”

Form 990, Page 6, Part VI, Line 7B

“Some decisions made by the board of directors are affirmed by the members.”

Form 990, Page 6, Part VI, Line 11B

“The manager reviews the form 990. The form 990 is presented to the board of directors for review.”

Form 990, Page 6, Part VI, Line 12C

“Enforcement of policy is overseen by the board of directors.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors evaluates and approves the compensation of the ceo each year. Industry compensation surveys are also consulted periodically by the board and makes adjustments if/as necessary.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors evaluates and approves the compensation of all employees each year. Industry compensation surveys are consulted periodically by the board of directors and makes adjustments if/as necessary.”

Form 990, Page 6, Part VI, Line 19

“The by-laws and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Social Security Credit Union
EIN
63-0332689
Phone
2053237028
Address
1200 REV ABRAHAM WOODS JR BLVD, BIRMINGHAM, AL 35285

Signing Officer

Name
Angelic Pritchett
Title
CEO/manager
Phone
2053237028
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelic Pritchett
Formed
1947
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
10

Preparer

Firm
Cu Audit & Compliance Group
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Amanda Onkst
Phone
2054372176
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors and supervisory committee without compensation.”

Form 990, Part XI, Line 9

“0 due to rounding 1 other adjustments 0 total 1”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

Raw XML AppendixShowing 400 of 406 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt05657
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0363564
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0823036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1221070
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0352066
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0352071
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021230
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt085223
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0106453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017604737
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16013500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23227683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ALL OTHER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07287247
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt140688
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORP AMERICA MEMBERSHIP CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021235
IRS990ScheduleD/TotalBookValueSecuritiesAmt07327935
IRS990ScheduleD/TotalLiabilityAmt026845920
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0128546
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025359
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt050365
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGER REVIEWS THE FORM 990. THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ENFORCEMENT OF POLICY IS OVERSEEN BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS EVALUATES AND APPROVES THE COMPENSATION OF THE CEO EACH YEAR. INDUSTRY COMPENSATION SURVEYS ARE ALSO CONSULTED PERIODICALLY BY THE BOARD AND MAKES ADJUSTMENTS IF/AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS EVALUATES AND APPROVES THE COMPENSATION OF ALL EMPLOYEES EACH YEAR. INDUSTRY COMPENSATION SURVEYS ARE CONSULTED PERIODICALLY BY THE BOARD OF DIRECTORS AND MAKES ADJUSTMENTS IF/AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BY-LAWS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt90 DUE TO ROUNDING 1 OTHER ADJUSTMENTS 0 TOTAL 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XII
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt035140489
IRS990/TotalAssetsEOYAmt034400273
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IRS990/TotalAssetsGrp/EOYAmt034400273
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01336892
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IRS990/TotalProgramServiceExpensesAmt01336892
IRS990/TotalProgramServiceRevenueAmt01044106
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01801929
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323117890
ReturnHeader/PreparerPersonGrp/PhoneNum02054372176
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMANDA ONKST
ReturnHeader/ReturnTs02024-05-08T10:05:09-04:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,400,273
Liabilities
$27,002,998
Net assets
$7,397,275
Revenue
$1,801,929
Expenses
$1,336,892
Net income
$465,037
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$27.2$7.81$1.89$1.55$0.34
2023Detailed filing. Detailed filing data is available for this year.$34.4$27.0$7.40$1.80$1.34$0.47
2023Summary only. Only limited summary data is available for this year.$34.4$27.0$7.40$1.80$1.34$0.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.1$28.3$6.87$1.38$1.27$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$29.4$6.90$1.26$1.13$0.13
2020Summary only. Only limited summary data is available for this year.$34.7$27.9$6.77$1.46$1.29$0.17
2019Summary only. Only limited summary data is available for this year.$31.0$24.4$6.60$1.53$1.40$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.8$24.4$6.47$1.50$1.29$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$23.1$6.26$1.39$1.26$0.13
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$23.1$6.13$1.35$1.25$0.10
2015Detailed filing. Detailed filing data is available for this year.$28.5$22.4$6.03$1.29$1.19$0.10
2014Detailed filing. Detailed filing data is available for this year.$28.4$22.4$5.93$1.21$1.17$0.04
2013Summary only. Only limited summary data is available for this year.$27.7$21.8$5.89$1.19$1.12$0.08
2012Summary only. Only limited summary data is available for this year.$27.8$22.0$5.81$1.26$1.15$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$21.3$5.69$1.21