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Nonprofiteer
← CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE

Form 990 for tax year 2025

Filed by CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE.

Totals

Total revenue
$43,133,868
Total expenses
$35,669,192
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$35,937,413
Investment income
$2,269,917
Other revenue
$4,926,538
Total assets, end of year
$677,710,277
Total liabilities, end of year
$609,928,099
Net assets or fund balances, end of year
$67,782,178
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$28,580,929

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Interest Income Loans

    total $33,707,916 · related or exempt $33,707,916

  • 2b · Program service revenue: Loan servicing fees

    total $2,229,497 · related or exempt $2,229,497

  • 3 · Investment income

    total $1,725,524 · related or exempt $1,725,524

  • 6a · Gross rents

    real property $81,336

  • 6c · Rental income or loss

    real property $81,336

  • 6d · Net rental income or loss

    total $81,336 · related or exempt $81,336

  • 7a · Gross sales of assets other than inventory

    other assets $20,399,557

  • 7b · Less cost or other basis and sales expenses

    other assets $19,855,164

  • 7c · Gain or loss

    other assets $544,393

  • 7d · Net gain or loss

    total $544,393 · related or exempt $544,393

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Interchange revenue

    total $2,899,242 · related or exempt $2,899,242

  • 11b · Other revenue: Deposit servicing fees

    total $1,184,476 · related or exempt $1,169,419 · unrelated business $15,057

  • 11d · All other revenue

    total $761,484 · related or exempt $667,146 · unrelated business $94,338

  • 11e · Other revenue, total

    $4,845,202

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,157,281

  • 7 · Other salaries and wages

    total $6,842,295

  • 8 · Pension plan contributions

    total $318,517

  • 9 · Other employee benefits

    total $1,042,373

  • 10 · Payroll taxes

    total $621,147

  • 11b · Fees: legal

    total $94,759

  • 11c · Fees: accounting

    total $47,050

  • 12 · Advertising and promotion

    total $750,208

  • 13 · Office expenses

    total $913,508

  • 14 · Information technology

    total $1,811,441

  • 16 · Occupancy

    total $839,485

  • 19 · Conferences, conventions and meetings

    total $155,446

  • 20 · Interest

    total $11,261,004

  • 22 · Depreciation, depletion and amortization

    total $822,498

  • 23 · Insurance

    total $161,417

  • 24a · Other expenses: Provision for credit loss

    total $3,125,000

  • 24b · Other expenses: Card processing

    total $1,896,976

  • 24c · Other expenses: Loan servicing

    total $1,316,337

  • 24d · Other expenses: Deposit servicing

    total $998,237

  • 24e · All other expenses

    total $494,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,180,288 · end of year $2,966,818

  • 2 · Savings and temporary cash investments

    beginning of year $30,125,980 · end of year $34,907,504

  • 5 · Loans and receivables from officers and key people

    beginning of year $665,557 · end of year $495,844

  • 7 · Other notes and loans receivable

    beginning of year $516,670,920 · end of year $565,515,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,884,434 · end of year $7,760,420

  • 10a · Land, buildings and equipment: cost or other basis

    $28,441,691

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,064,945

  • 10c · Land, buildings and equipment, net

    beginning of year $13,358,985 · end of year $16,376,746

  • 11 · Investments: publicly traded securities

    beginning of year $26,523,067 · end of year $30,308,040

  • 13 · Investments: program-related

    beginning of year $3,039,051

  • 15 · Other assets

    beginning of year $25,417,837 · end of year $19,379,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,310,164 · end of year $9,941,020

  • 19 · Deferred revenue

    beginning of year $1,011,033 · end of year $819,733

  • 25 · Other liabilities

    beginning of year $556,820,541 · end of year $599,167,346

  • 29 · Capital stock, trust principal or current funds

    beginning of year $26,000,000 · end of year $29,000,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,724,381 · end of year $38,782,178

Mission and programs · 2025

Mission

State chartered credit union providing full range of financial services

  • Interest expense

    Expenses $11,261,004

  • Employee salaries and benefits

    Expenses $10,981,612

  • Provision for loan losses

    Expenses $3,125,000

  • Card processing

    Expenses $1,896,976

  • Loan servicing

    Expenses $1,316,337

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donna Young

    President

    Total calculated
    $930,342
    From this org
    $651,014
    From related orgs
    $0
    Other
    $279,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $558,156
    Bonus
    $92,858
    Other
    not reported
    Deferred
    $262,616
    Nontaxable benefits
    $16,712
    Filer's total
    $930,342

  • Laura Williamson

    EVP

    Total calculated
    $647,201
    From this org
    $428,913
    From related orgs
    $0
    Other
    $218,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $362,555
    Bonus
    $66,358
    Other
    not reported
    Deferred
    $201,576
    Nontaxable benefits
    $16,712
    Filer's total
    $647,201

  • Jennifer Rawls

    VP Lending

    Total calculated
    $302,824
    From this org
    $209,289
    From related orgs
    $0
    Other
    $93,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,525
    Bonus
    $33,764
    Other
    not reported
    Deferred
    $80,093
    Nontaxable benefits
    $13,442
    Filer's total
    $302,824

  • Rob Byrd

    CFO

    Total calculated
    $295,071
    From this org
    $254,817
    From related orgs
    $0
    Other
    $40,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,966
    Bonus
    $40,851
    Other
    not reported
    Deferred
    $17,974
    Nontaxable benefits
    $22,280
    Filer's total
    $295,071

  • William Frye

    VP Marketing

    Total calculated
    $271,418
    From this org
    $194,124
    From related orgs
    $0
    Other
    $77,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,254
    Bonus
    $35,870
    Other
    not reported
    Deferred
    $55,014
    Nontaxable benefits
    $22,280
    Filer's total
    $271,418

  • Matt Mielke

    VP IT

    Total calculated
    $253,821
    From this org
    $221,780
    From related orgs
    $0
    Other
    $32,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,839
    Bonus
    $36,941
    Other
    not reported
    Deferred
    $10,829
    Nontaxable benefits
    $21,212
    Filer's total
    $253,821

  • Kallar McCown

    VP Branch Operations

    Total calculated
    $207,872
    From this org
    $197,344
    From related orgs
    $0
    Other
    $10,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,495
    Bonus
    $30,849
    Other
    not reported
    Deferred
    $10,399
    Nontaxable benefits
    $129
    Filer's total
    $207,872

  • Kraig Van Dyke

    IT Manager

    Total calculated
    $151,531
    From this org
    $120,236
    From related orgs
    $0
    Other
    $31,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,011
    Bonus
    $12,225
    Other
    not reported
    Deferred
    $9,042
    Nontaxable benefits
    $22,253
    Filer's total
    $151,531

  • Katherine Morley

    AVP Mortgage Lending

    Total calculated
    $140,275
    From this org
    $132,614
    From related orgs
    $0
    Other
    $7,661
    Hours/week
    40

  • Marck Parris

    AVP Risk Manager

    Total calculated
    $140,265
    From this org
    $124,527
    From related orgs
    $0
    Other
    $15,738
    Hours/week
    40

  • Elizabeth Robinson

    AVP Branch Operations

    Total calculated
    $133,176
    From this org
    $117,807
    From related orgs
    $0
    Other
    $15,369
    Hours/week
    40

  • Susan Manor

    AVP Human Resources

    Total calculated
    $132,001
    From this org
    $117,082
    From related orgs
    $0
    Other
    $14,919
    Hours/week
    40

  • Gary Cowan

    Director

    Total calculated
    $0
    Hours/week
    2

  • Roberta Hill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lelan Statom

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Clabough

    Director

    Total calculated
    $0
    Hours/week
    1

  • Aaron Jewell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andy Graham

    Director

    Total calculated
    $0
    Hours/week
    1

  • Spencer Smith

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

None.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
13 May 2026
IRS schema version
2025v4.1
Source object
202601339349308825

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