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Nonprofiteer
← RADIANT CREDIT UNION

Form 990 for tax year 2024

Filed by RADIANT CREDIT UNION.

Totals

Total revenue
$55,611,981
Total expenses
$50,603,854
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$37,459,589
Investment income
$6,222,396
Other revenue
$11,929,996
Total assets, end of year
$855,283,975
Total liabilities, end of year
$190,174,455
Net assets or fund balances, end of year
$665,109,520
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: CONSUMER LOANS

    total $21,321,675 · related or exempt $21,321,675

  • 2b · Program service revenue: BUSINESS LOANS

    total $6,090,982 · related or exempt $6,090,982

  • 2c · Program service revenue: VISA

    total $4,096,803 · related or exempt $4,096,803

  • 2d · Program service revenue: MORTGAGE LOANS

    total $3,018,427 · related or exempt $3,018,427

  • 2e · Program service revenue: HELOC LOANS

    total $2,834,394 · related or exempt $2,834,394

  • 2f · All other program service revenue

    total $97,308 · related or exempt $97,308

  • 3 · Investment income

    total $6,052,124 · excluded $6,052,124

  • 7a · Gross sales of assets other than inventory

    other assets $170,272

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

    other assets $0

  • 7c · Gain or loss

    other assets $170,272

  • 7d · Net gain or loss

    total $170,272 · related or exempt $170,272

  • 11a · Other revenue: MISCELLANEOUS OPERATING INCOME

    total $6,247,483 · related or exempt $6,247,483

  • 11b · Other revenue: FEE INCOME

    total $4,469,668 · related or exempt $4,469,668

  • 11c · Other revenue: DEBT PROTECTION

    total $519,499 · unrelated business $519,499

  • 11d · All other revenue

    total $693,346 · unrelated business $693,346

  • 11e · Other revenue, total

    $11,929,996

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,796,630

  • 7 · Other salaries and wages

    total $11,723,222

  • 8 · Pension plan contributions

    total $516,381

  • 9 · Other employee benefits

    total $2,225,556

  • 11b · Fees: legal

    total $162,052

  • 11c · Fees: accounting

    total $101,396

  • 11g · Fees: other

    total $640,362

  • 12 · Advertising and promotion

    total $908,031

  • 13 · Office expenses

    total $883,196

  • 14 · Information technology

    total $3,585,727

  • 16 · Occupancy

    total $1,207,481

  • 17 · Travel

    total $363,286

  • 19 · Conferences, conventions and meetings

    total $2,000

  • 20 · Interest

    total $14,813,396

  • 22 · Depreciation, depletion and amortization

    total $1,132,318

  • 23 · Insurance

    total $208,804

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $4,683,250

  • 24b · Other expenses: LOAN SERVICING

    total $2,761,697

  • 24c · Other expenses: DEBIT CARD

    total $1,390,552

  • 24d · Other expenses: ATM

    total $646,861

  • 24e · All other expenses

    total $851,656

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,423,352 · end of year $6,859,917

  • 4 · Accounts receivable

    beginning of year $16,042,605 · end of year $18,532,792

  • 7 · Other notes and loans receivable

    beginning of year $621,808,062 · end of year $647,566,038

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,309,892 · end of year $5,813,302

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

    $35,316,290

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

    $11,835,109

  • 10c · Land, buildings and equipment, net

    beginning of year $22,125,703 · end of year $23,481,181

  • 12 · Investments: other securities

    beginning of year $128,230,055 · end of year $143,342,300

  • 14 · Intangible assets

    beginning of year $725,074 · end of year $478,079

  • 15 · Other assets

    beginning of year $8,822,310 · end of year $9,210,366

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,874,519 · end of year $4,177,571

  • 19 · Deferred revenue

    beginning of year $540,837 · end of year $453,005

  • 23 · Secured mortgages and notes payable

    beginning of year $40,000,000 · end of year $40,000,000

  • 25 · Other liabilities

    beginning of year $99,442,826 · end of year $145,543,879

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $659,628,871 · end of year $665,109,520

Mission and programs · 2024

Mission

WE WILL DELIVER A TIMELY, ATTENTIVE, PERSONALIZED EXPERIENCE THAT LEAVES OUR MEMBERS FEELING VALUED!

Activities or mission (Part I)

ORGANIZATION IS A NOT-FOR-PROFIT CREDIT UNION THAT OFFERS MEMBERS LOAN AND DEPOSIT SERVICES.

  • WE'RE A CREDIT UNION, A NOT-FOR-PROFIT FINANCIAL INSTITUTION PROUDLY SERVING OUR COMMUNITY AND MEMBERS SINCE 1957. WITH ALL THE CHOICES OUT THERE, WHY PICK RADIANT CREDIT UNION? YOU OWN US. OUR MEMBERS AREN'T JUST CUSTOMERS, THEY'RE OWNERS. THIS MEANS WHEN YOU JOIN RADIANT CREDIT UNION, YOU GET A VOICE IN HOW WE DO BUSINESS. AS A NOT-FOR-PROFIT COOPERATIVE, WE RETURN OUR PROFITS TO OUR MEMBER-OWNERS IN THE FORM OF BETTER RATES, LOWER FEES, A HIGHER RETURN ON DEPOSITS, AND PERSONALIZED SERVICE.

As filed on the 2024 return.

Listed in Part VII

  • Chad King

    CHAIRMAN

    Total calculated
    $3,203
    From this org
    $3,203
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Cynthia S Brochu

    VICE CHAIRPERSON

    Total calculated
    $1,492
    From this org
    $1,492
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jane Taylor

    SECRETARY

    Total calculated
    $1,173
    From this org
    $1,173
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Nicholson

    TREASURER

    Total calculated
    $2,846
    From this org
    $2,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Calvin Decoursey

    DIRECTOR

    Total calculated
    $1,006
    From this org
    $1,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sharon Papciak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Power

    DIRECTOR

    Total calculated
    $1,659
    From this org
    $1,659
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • April Savarese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Geiger Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Barnard

    PRESIDENT/CEO

    Total calculated
    $557,692
    From this org
    $521,286
    From related orgs
    $0
    Other
    $36,406
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $436,093
    Bonus
    $83,066
    Other
    $2,127
    Deferred
    $20,700
    Nontaxable benefits
    $15,706
    Filer's total
    $557,692

  • Kelly Chesser

    COO

    Total calculated
    $274,118
    From this org
    $245,708
    From related orgs
    $0
    Other
    $28,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,914
    Bonus
    $38,203
    Other
    $591
    Deferred
    $13,847
    Nontaxable benefits
    $14,563
    Filer's total
    $274,118

  • Brandon Love

    CIO

    Total calculated
    $173,688
    From this org
    $158,026
    From related orgs
    $0
    Other
    $15,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,425
    Bonus
    $14,601
    Other
    $0
    Deferred
    $7,167
    Nontaxable benefits
    $8,495
    Filer's total
    $173,688

  • Matthew Braddy

    CLO

    Total calculated
    $250,191
    From this org
    $222,318
    From related orgs
    $0
    Other
    $27,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,676
    Bonus
    $35,642
    Other
    $0
    Deferred
    $13,310
    Nontaxable benefits
    $14,563
    Filer's total
    $250,191

  • Andrew Cuomo

    CPO

    Total calculated
    $262,037
    From this org
    $233,509
    From related orgs
    $0
    Other
    $28,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,266
    Bonus
    $37,243
    Other
    $0
    Deferred
    $13,965
    Nontaxable benefits
    $14,563
    Filer's total
    $262,037

  • Trey Presnell

    CFO

    Total calculated
    $267,524
    From this org
    $238,996
    From related orgs
    $0
    Other
    $28,528
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $201,752
    Bonus
    $37,244
    Other
    $0
    Deferred
    $13,965
    Nontaxable benefits
    $14,563
    Filer's total
    $267,524

  • Josh Emerson

    VP OF CREDIT

    Total calculated
    $165,134
    From this org
    $155,844
    From related orgs
    $0
    Other
    $9,290
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,411
    Bonus
    $25,433
    Other
    $0
    Deferred
    $9,290
    Nontaxable benefits
    $0
    Filer's total
    $165,134

  • Kimberly Maxwell

    VP OF IT

    Total calculated
    $157,353
    From this org
    $148,410
    From related orgs
    $0
    Other
    $8,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,682
    Bonus
    $24,728
    Other
    $0
    Deferred
    $8,943
    Nontaxable benefits
    $0
    Filer's total
    $157,353

  • Wes Strickland

    VP OF MARKETING

    Total calculated
    $179,949
    From this org
    $169,516
    From related orgs
    $0
    Other
    $10,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,181
    Bonus
    $28,335
    Other
    $0
    Deferred
    $10,433
    Nontaxable benefits
    $0
    Filer's total
    $179,949

  • Tannia Weaver

    VP OF RISK/COMPLIANCE

    Total calculated
    $167,177
    From this org
    $158,029
    From related orgs
    $0
    Other
    $9,148
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $132,959
    Bonus
    $25,070
    Other
    $0
    Deferred
    $9,148
    Nontaxable benefits
    $0
    Filer's total
    $167,177

  • Eric Whisler

    CONTACT CENTER DIRECTOR

    Total calculated
    $139,475
    From this org
    $131,575
    From related orgs
    $0
    Other
    $7,900
    Hours/week
    40 + 1 related

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
DEFERRED COMPENSATION PLAN 457(F): DURING THE YEAR ENDED DECEMBER 31, 2024, THE CREDIT UNION ESTABLISHED A SUPPLEMENTARY RETIREMENT PLAN (PLAN) WITH CERTAIN EXECUTIVE OFFICERS. THESE OFFICERS WERE TOM BARNARD, KELLY CHESSER, GEORGE PRESNELL, MATTHEW BRADDY, ANDREW CUOMO, AND BRANDON LOVE. THE UNDERLYING ASSET IN THE PLAN IS LIFE INSURANCE. THE POLICIES ARE RECORDED AT CASH SURRENDER VALUE, OR THE AMOUNT THAT CAN BE CURRENTLY REALIZED AS OF THE BALANCE SHEET DATE. THE OBLIGATIONS OF THE CREDIT UNION ARE BASED ON THE CONTRACTED AGREEMENTS WITH APPLICABLE EXECUTIVE OFFICERS. NO PAYMENTS WERE MADE FROM THE 457(F) PLAN IN 2024. THE ORGANIZATION HAS A SPLIT DOLLAR RETIREMENT PLAN IN PLACE FOR OFFICER TOM BARNARD. THERE ARE NO FUNDS PAID CURRENTLY AS THE OFFICER DOES NOT MEET THE AGE REQUIREMENT. THE CREDIT UNION FUNDED THE PRESENT CASH VALUE OF THE POLICY FOR WHICH IT RETAINS ON THE BALANCE SHEET AS AN ASSET AND ADJUSTS IT MONTHLY TO MARKET VALUE.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • RAYS OF HOPE FOUNDATION INC

    501(C)(3) · TO PROMOTE AND PROVIDE CHARITABLE ASSISTANCE · FL · controlled entity

    Directly controlled by RADIANT CREDIT UNION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RADIANT FINANCIAL SOLUTIONS LLC

    S · CREDIT UNION SERVICE ORGANIZATION · FL · 100% owned · controlled entity

    Directly controlled by RADIANT CREDIT UNION

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202522879349300422

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