EIN 63-0371386

Winsouth Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
171
State
Year formed
1951
Most recent tax filings
2022-12-01
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; Winsouth Community Credit Union
Total revenues
$20,131,767
2022
Total expenses
$16,720,847
2022
Total assets
$385,560,521
2022
Num. employees
171
2022

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

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 4 more key personnel

Financials for Winsouth Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$9,510,001
Investment income and dividends$2,352,111
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$14,413
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,255,242
Total revenues$20,131,767

Form 990s for Winsouth Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-02990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-08990View PDF
2018-122020-02-12990View PDF
...and 9 more Form 990s

Organizations like Winsouth Credit Union

OrganizationLocationRevenue
Guardian Credit UnionMontgomery, AL$62,110,372
Family Savings Credit UnionRainbow City, AL$50,899,243
Alabama Teachers Credit Union (ATCU)Gadsden, AL$23,248,388
Riverfall Credit UnionTuscaloosa, AL$6,975,921
Alabama State Employees Credit UnionMontgomery, AL$23,220,315
Riverdale Credit UnionSelma, AL$6,293,291
Listerhill Credit UnionSheffield, AL$65,807,803
Family Security Credit UnionDecatur, AL$43,290,857
APCO Employees Credit UnionBirmingham, AL$88,615,377
Fort McClellan Credit Union (FMCU)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/ 
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
Free account sign-up

Want updates when Winsouth Credit Union has new information, or want to find more organizations like Winsouth Credit Union?

Create free Cause IQ account