TY 2020 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) Billy W Lawley......................................................................
Manager CEO

40
.................
0

64,000

(2) James A Schilling......................................................................
Chairman

1
.................
0

(3) Joseph Guarino......................................................................
Director

1
.................
0

(4) Leon Henderson......................................................................
Director

1
.................
0

(5) Billy Darty......................................................................
Director

1
.................
0

(6) Lillian Gresham......................................................................
Supervisor Committee

1
.................
0

(7) Byron Wesley......................................................................
Supervisory Committee

1
.................
0

(8) Solomon Mitchell......................................................................
Supervisory Committee

1
.................
0

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

1.(a) Description of liability	(b) Book value
(1) Federal income taxes	0
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	4,721,586
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

ALABAMA POSTAL CREDIT UNION

Employer identification number

63-0305308

Return Reference	Explanation
Form 990, Part VI, Section A, Line 6	Alabama Banking Code, Section 5-17-5 states that, "Credit Union Memberships shall consist of the incorporators and such other persons as may be elected to membership and who subscribe to at least one share and pay the initial installment thereon and the entrance fee. Organization, Incorporated or otherwise composed for the most part of the same general group as the Credit Union Membership may be members. Credit Union Organization shall be limited to groups, of both large and small membership having a common bond of occupation or association or to groups within a well defined neighborhood, community or rural district". The membership of Alabama Postal Credit Union as of December 31, 2020 was open to individuals who work as postal employees or their family. As of December 31, 2020, the Credit Union had membership and provided services to approximately 822 members.
Form 990, Part VI, Section A, Line 7a	The Board of Directors are elected by the Credit Union's membership at the Annual Meeting. The Credit Union's bylaws govern the election procedures. The terms of the Board of Director's, as set by the bylaws are 3 years and are staggered so that an equal number expire at each Annual Meeting. Prior to the Annual Meeting the Board Chairman appoints a nominating committee to nominate a candidate for each vacancy. Can also be taken through absentee ballots or called for from the floor at the Annual Meeting. Election by the membership is performed through written ballots, unless there is only one nominee. All elections are determined by a plurality vote.
Form 990, Part VI, Section A, Line 7b	The following types of decisions are subject to approval by the Credit Unions Members Dissolutions of the Credit Union election & termination of Board of Directors and Conversion from State to Federal Charter
Form 990, Part VI, Section A, Line 8a	2020 Covid Pandemic squelched in person meetings whereas meetings were held telephonically with the Board.
Form 990, Part VI, Section B, Line 11b	Management and Board of Directors perform a review of the form 990 prior to filing.
Form 990, Part VI, Section B, Line 15	Management's compensation is determined annually by the Credit Union's Board of Directors
Form 990, Part VI, Section C, Line 19	The Credit Union makes its Governing Documents Available to the Public Upon Request. The Credit Unions financial statements can be found on the website of the NCUA at NCUA.GOV

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:	20012124
Software Version:	v1.00

1	Briefly describe the organization’s mission or most significant activities: Cooperative Society incorporated for the two fold purpose of promoting thrift among its members and creating a source of credit for them at legitimate rates of interest.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	5
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	4
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	4
6	Total number of volunteers (estimate if necessary) .............	6	5
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	368,353	313,754
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....		0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	368,353	313,754
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	176,908	143,806
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	155,419	115,557
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	332,327	259,363
19	Revenue less expenses. Subtract line 18 from line 12.......	36,026	54,391
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	6,450,935	7,044,162
21	Total liabilities (Part X, line 26).............	4,189,010	4,727,846
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,261,925	2,316,316

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 259,363 including grants of $ 0 ) (Revenue $ 0 )
	Code of Alabama SEC 5-17-1 states that a credit Union is a cooperative society incorporated for the two fold purpose of promoting thrift among its members and creating a source of credit for them at legitimate rates of interest. Alabama Postal Credit Union, an Alabama State Chartered Credit Union, provides a variety of financial services to its members who are Postal Employees or their family. As of December 31, 2020, the Credit Union provided services to approximately 815 members.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0 )
4e	Total program service expenses259,363

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	64,000	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		0

		Business Code
2a	Interest on Loan s	522130	260,257	260,257	0	0
b	Investment Income	522130	46,184	46,184	0	0
c	Fees & Charges	522130	7,313	7,313	0	0
d
e
f	All other program service revenue.		0	0	0	0
g	Total. Add lines 2a–2f .....		313,754

3 Investment income (including dividends, interest, and othersimilar amounts) ......			0	0	0	0
4 Income from investment of tax-exempt bond proceeds			0	0	0	0
5 Royalties...........			0	0	0	0
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)	0	0	6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)	0	0	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See instructions.....			313,754	313,754	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	64,000
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	69,251
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	10,555
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	10,133
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	506
13	Office expenses .......	14,301
14	Information technology ......	11,885
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	2,305
23	Insurance ...	6,023
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Provision for Loan Losses	0
b	Member Share Dividends	53,443
c	Operating Expenses	16,961
d
e	All other expenses	0
25	Total functional expenses. Add lines 1 through 24e	259,363	0	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			250,335	1	205,396
2	Savings and temporary cash investments .........			127,236	2	538,535
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			2,435,204	7	2,121,415
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			13,333	9	13,229
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	79,846
b	Less: accumulated depreciation	10b	76,040	5,341	10c	3,806
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..			3,612,566	13	4,159,805
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			6,920	15	1,976
16	Total assets. Add lines 1 through 15 (must equal line 33)...			6,450,935	16	7,044,162

17	Accounts payable and accrued expenses .....	8,500	17	6,260
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	4,180,510	25	4,721,586
26	Total liabilities. Add lines 17 through 25..	4,189,010	26	4,727,846

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	2,261,925	31	2,316,316
32	Total net assets or fund balances ...........	2,261,925	32	2,316,316
33	Total liabilities and net assets/fund balances ........	6,450,935	33	7,044,162

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	0	0		0
b	Buildings ....	0	0	0	0
c	Leasehold improvements	0	24,851	24,851	0
d	Equipment ....	0	54,995	51,189	3,806
e	Other .....	0	0	0	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					3,806

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Cost	4,159,805	F
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)	4,159,805