EIN 63-0371386

Winsouth Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
168
State
Year formed
1951
Most recent tax filings
2023-12-01
Description
Winsouth Credit Union promotes thrift among its members and creates a source of credit at fair and reasonable rates of interest. It encourages members to control their own money in order to improve their economic and social condition, which aligns with the Alabama banking code that defines a credit union as a cooperative society formed for such purposes. Winsouth Credit Union is located in Gadsden, AL.
Related structure
Winsouth Credit Union is child organization, under the parent exemption from Alabama Credit Union Administration.
Also known as...
Credit Unions in the State of Alabama Community Credit Union
Total revenues
$23,682,218
2023
Total expenses
$19,557,797
2023
Total assets
$393,632,161
2023
Num. employees
168
2023

Program areas at Winsouth Credit Union

Alabama banking code, section 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. Winsouth Credit Union is a voluntary, cooperative, nonprofit financial instituion. Its primary purpose is to encourage thrift, create a source of Credit at fair and reasonable rates of interest, and provide opportunities for its members to control their own money in order to improve their economic and social condition. The Credit Union strives to achieve its purpose by conducting any business, engaging in any activity, and providing any service that may benefit its members, subject to the Alabama Credit Union act and the rules and regulations adopted thereunder by the Alabama Credit Union administration. As of december 31, 2023 the Credit Union provided services to 39,232 members.

Personnel at Winsouth Credit Union

NameTitleCompensation
David EubanksChief Executive Officer$232,387
Dow HillChief Executive Officer Landmark$182,026
Joan SmithChief Operating Officer and Vice President$169,705
Giorgio TorregrosaChief Technology Officer$90,594
Rachael LeeDirector of Human Resource$89,572
...and 5 more key personnel

Financials for Winsouth Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$13,299,129
Investment income and dividends$0
Tax-exempt bond proceeds$2,343,465
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,387
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,038,237
Total revenues$23,682,218

Form 990s for Winsouth Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-02990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like Winsouth Credit Union

OrganizationLocationRevenue
Guardian Credit UnionMontgomery, AL$79,832,389
Riverfall Credit UnionTuscaloosa, AL$8,173,855
Alabama Teachers Credit Union (ATCU)Gadsden, AL$28,308,124
Family Savings Credit UnionRainbow City, AL$68,085,407
Avadian Credit UnionBirmingham, AL$76,914,615
TVA Community Credit UnionMuscle Shoals, AL$15,805,515
Naheola Credit UnionPennington, AL$9,386,778
Mutual Savings Credit UnionBirmingham, AL$13,969,345
Heritage South Credit UnionSylacauga, AL$11,239,124
Family Security Credit UnionDecatur, AL$54,916,130
Data update history
February 6, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 2 new personnel
December 27, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelProvides scholarships
General information
Address
110 S 26th St
Gadsden, AL 35904
Metro area
Gadsden, AL
County
Etowah County, AL
Website URL
winsouthcu.com/ 
Phone
(256) 543-7302
IRS details
EIN
63-0371386
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1951
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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