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 institution. 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, 2022 the Credit Union provided services to over 35,000 members.
Personnel at Winsouth Credit Union
Name | Title | Compensation | Date of data |
---|
David Eubanks | Chief Executive Officer | $232,387 | 2023-11-02 |
Dow Hill | Chief Executive Officer Landmark | $182,026 | 2022-12-31 |
Joan Smith | Chief Operating Officer and Vice President | $169,705 | 2022-12-31 |
Giorgio Torregrosa | Chief Technology Officer | $90,594 | 2022-12-31 |
Rachael Lee | Director of Human Resource | $89,572 | 2022-12-31 |
...and 4 more key personnel |
Financials for Winsouth Credit Union
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $0 | $0 | - |
Program services | $9,510,001 | $8,123,536 | 17.1% |
Investment income and dividends | $2,352,111 | $1,546,804 | 52.1% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $14,413 | $-323,505 | 104.5% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $8,255,242 | $11,686,988 | -29.4% |
Total revenues | $20,131,767 | $21,033,823 | -4.3% |
Organizations like Winsouth Credit Union
Organization | Type | Location | Revenue |
---|
Guardian Credit Union | 501(c)(14) | Montgomery, AL | $62,110,372 |
Family Savings Credit Union | 501(c)(14) | Rainbow City, AL | $50,899,243 |
Alabama Teachers Credit Union (ATCU) | 501(c)(14) | Gadsden, AL | $23,248,388 |
Riverfall Credit Union | 501(c)(14) | Tuscaloosa, AL | $6,975,921 |
Alabama State Employees Credit Union | 501(c)(14) | Montgomery, AL | $23,220,315 |
Riverdale Credit Union | 501(c)(14) | Selma, AL | $6,293,291 |
Listerhill Credit Union | 501(c)(14) | Sheffield, AL | $65,807,803 |
Family Security Credit Union | 501(c)(14) | Decatur, AL | $43,290,857 |
APCO Employees Credit Union | 501(c)(14) | Birmingham, AL | $88,615,377 |
Fort McClellan Credit Union (FMCU) | 501(c)(14) | Anniston, AL | $8,315,286 |
Data update history
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
July 13, 2023
Used new vendors
Identified 2 new vendors, including , and
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/Â
- 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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