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EIN 63-0438963

Lauderdale County Teachers Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
6
City
Florence
State
Alabama
Year formed
1956
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Lauderdale County Teachers Credit Union operates as a cooperative credit union, following the Code of Alabama's definition of a credit union as a cooperative society created to promote thrift among members and provide legitimate rates of interest.
Related structure
Lauderdale County Teachers Credit Union is child organization, under the parent exemption from Alabama Credit Union Administration.
Also known as...
Credit Unions in the State of Alabama; Lauderdale County Tea Cu
Total revenues
$1,104,401
2023
Total expenses
$885,457
2023
Total assets
$36,428,586
2023
Num. employees
6
2023

Program areas at Lauderdale County Teachers Credit Union

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. Lauderdale County Teachers Credit Union, an Alabama state chartered Credit Union, was established to provide these services primarily to employees and family members of the Lauderdale County school system. As of december 31, 2023, the Credit Union had membership and provided services to approximately 2,117 members.

Personnel at Lauderdale County Teachers Credit Union

NameTitleCompensation
Sherry FulksManager$95,910

Financials for Lauderdale County Teachers Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$1,104,401
Investment income and dividends$0
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$0
Total revenues$1,104,401

Form 990s for Lauderdale County Teachers Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-29990View PDF
2022-122023-11-15990View PDF
2021-122022-05-16990View PDF
2020-122021-11-15990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s

Organizations like Lauderdale County Teachers Credit Union

OrganizationLocationRevenue
Credit Unions in the State of Alabama Azalea City Credit UnionMobile, AL$2,228,511
Shoreline Credit UnionTuscaloosa, AL$1,027,947
Alabama Credit Union Administration / Opp-Michals Credit UnionOpp, AL$580,572
Secure First Credit UnionBirmingham, AL$2,026,221
Firemans Credit UnionBirmingham, AL$333,232
Mobile Government Employees Credit UnionMobile, AL$620,832
City Credit UnionTuscaloosa, AL$944,905
Wcu Credit UnionDecatur, AL$1,433,001
Alabama River Credit UnionMonroeville, AL$847,705
L and N Employees Credit UnionBirmingham, AL$561,023
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 5, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
103 Mangum St
Florence, AL 35630
Metro area
Florence-Muscle Shoals, AL
County
Lauderdale County, AL
Website URL
lctcu.org/ 
Phone
(256) 766-2936
IRS details
EIN
63-0438963
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1956
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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