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  4. Red Oak Credit Union
EIN 63-0476332

Red Oak Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
13
City
Tuscaloosa
State
Alabama
Year formed
1955
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Red Oak Credit Union provides financial services for its members and approximately 4,725 individuals are able to access loans, savings, and other financial services. The credit union offers a variety of deposit and loan programs to its members.
Related structure
Red Oak Credit Union is child organization, under the parent exemption from Alabama Credit Union Administration.
Also known as...
Credit Unions in the State of Al DCH Credit Union
Total revenues
$2,466,461
2023
Total expenses
$2,714,058
2023
Total assets
$43,079,437
2023
Num. employees
13
2023

Program areas at Red Oak Credit Union

The Credit Union provided a variety of loan services for its members.
The Credit Union provided a variety of deposit services for its members.

Personnel at Red Oak Credit Union

NameTitleCompensation
Shep LoweryPresident and Chief Executive Officer$116,750
Chad DavisPast Chief Executive Officer
Angelic PritchettPast Chief Executive Officer and Manager$99,726

Financials for Red Oak Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$1,566,548
Investment income and dividends$398,435
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$501,478
Total revenues$2,466,461

Form 990s for Red Oak Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990View PDF
2022-122023-04-12990View PDF
2021-122022-03-31990View PDF
2020-122021-11-15990View PDF
2019-122022-03-18990OView PDF
...and 10 more Form 990s

Organizations like Red Oak Credit Union

OrganizationLocationRevenue
Shoreline Credit UnionTuscaloosa, AL$1,027,947
Mutual Savings Credit UnionBirmingham, AL$12,277,489
Naheola Credit UnionPennington, AL$9,386,778
Secure First Credit UnionBirmingham, AL$2,026,221
Mobile Government Employees Credit UnionMobile, AL$620,832
Heritage South Credit UnionSylacauga, AL$9,575,524
Valley Credit Union (VCU)Tuscumbia, AL$4,170,298
Riverdale Credit UnionSelma, AL$6,293,291
Landmark Credit UnionFairfield, AL$2,082,933
Wcu Credit UnionDecatur, AL$1,433,001
Data update history
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 1 new personnel
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 30, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
1008 Veterans Memorial Pkwy
Tuscaloosa, AL 35404
Metro area
Tuscaloosa, AL
County
Tuscaloosa County, AL
Website URL
redoakcu.com/auto.html 
Phone
(205) 759-1371
IRS details
EIN
63-0476332
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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