Skip to content
Nonprofiteer
← TNCONNECT CREDIT UNION

Form 990 for tax year 2025

Filed by TNCONNECT CREDIT UNION.

Totals

Total revenue
$4,828,666
Total expenses
$4,347,023
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,828,666
Investment income
$0
Other revenue
$0
Total assets, end of year
$85,995,229
Total liabilities, end of year
-$1,172,432
Net assets or fund balances, end of year
$87,167,661
Program services expenses (Part IX)
$4,347,023
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,347,023

Program services were 100.0% 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 ON LOANS

    total $3,674,990 · related or exempt $3,674,990

  • 2b · Program service revenue: INTEREST ON INVESTMENTS

    total $443,738 · related or exempt $443,738

  • 2c · Program service revenue: COURTESY PAY INCOME

    total $73,024 · related or exempt $73,024

  • 2d · Program service revenue: LATE CHARGES ON LOANS

    total $42,401 · related or exempt $42,401

  • 2e · Program service revenue: ACH NSF FEE INCOME

    total $23,360 · related or exempt $23,360

  • 2f · All other program service revenue

    total $571,153 · related or exempt $571,153

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $298,151 · program services $298,151

  • 7 · Other salaries and wages

    total $850,439 · program services $850,439

  • 8 · Pension plan contributions

    total $60,618 · program services $60,618

  • 9 · Other employee benefits

    total $151,985 · program services $151,985

  • 10 · Payroll taxes

    total $85,787 · program services $85,787

  • 11b · Fees: legal

    total $7,200 · program services $7,200

  • 11c · Fees: accounting

    total $9,700 · program services $9,700

  • 12 · Advertising and promotion

    total $34,496 · program services $34,496

  • 13 · Office expenses

    total $147,735 · program services $147,735

  • 14 · Information technology

    total $290,551 · program services $290,551

  • 16 · Occupancy

    total $132,772 · program services $132,772

  • 17 · Travel

    total $71 · program services $71

  • 19 · Conferences, conventions and meetings

    total $34,256 · program services $34,256

  • 20 · Interest

    total $673,932 · program services $673,932

  • 22 · Depreciation, depletion and amortization

    total $95,817 · program services $95,817

  • 23 · Insurance

    total $44,010 · program services $44,010

  • 24a · Other expenses: CREDIT CARD PROGRAM EXPENSES

    total $83,839 · program services $83,839

  • 24b · Other expenses: PROVISION FOR LOAN LOSSES

    total $445,154 · program services $445,154

  • 24c · Other expenses: DEBIT CARD PROGRAM EXPENSE

    total $372,095 · program services $372,095

  • 24d · Other expenses: PROFESSIONAL & OUTSIDE SVCS

    total $218,264 · program services $218,264

  • 24e · All other expenses

    total $310,151 · program services $310,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $652,542 · end of year $690,947

  • 2 · Savings and temporary cash investments

    beginning of year $13,115,759 · end of year $15,343,634

  • 5 · Loans and receivables from officers and key people

    beginning of year $244,511 · end of year $335,378

  • 7 · Other notes and loans receivable

    beginning of year $57,723,739 · end of year $63,157,447

  • 9 · Prepaid expenses and deferred charges

    beginning of year $588,988 · end of year $523,707

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

    $4,567,937

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

    $1,641,273

  • 10c · Land, buildings and equipment, net

    beginning of year $2,965,857 · end of year $2,926,664

  • 11 · Investments: publicly traded securities

    beginning of year $1,000,798 · end of year $500,000

  • 13 · Investments: program-related

    beginning of year $1,130,927 · end of year $1,189,911

  • 15 · Other assets

    beginning of year $2,518,874 · end of year $1,327,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,011,130 · end of year -$1,172,432

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

    beginning of year $72,988,330 · end of year $80,743,483

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,942,535 · end of year $6,424,178

Mission and programs · 2025

Mission

TNCONNECT CREDIT UNION IS A STATE-CHARTERED CREDIT UNION MUTUALLY OWNED BY 6,316 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES, MAINTAIN ACCOUNTS, AND TO MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED CURRENTLY FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.

  • OPERATED DURING 2025 AS A STATE-CHARTERED CREDIT UNION, MUTUALLY OWNED BY OUR 6,316 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES, MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED CURRENTLY FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. ALL OF OUR REVENUES AND EXPENSES ARE RELATED TO THIS PURPOSE.

    Expenses $4,347,023

As filed on the 2025 return.

Listed in Part VII

  • Martin T Bradley

    PRESIDENTCEO

    Total calculated
    $140,856
    From this org
    $140,856
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Thomas Lumadue

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $80,920
    From this org
    $80,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Suzanne Summerville

    CHIEF FINANCIAL OFFICER

    Total calculated
    $76,375
    From this org
    $76,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Timothy Sawyer

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Daniel Goleach

    BOARD VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Chuck Brantley

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Joann Jeter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Melvin Teaster

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ron Hutchens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cassidy Carroll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
14 April 2026
IRS schema version
2025v4.1
Source object
202601289349302330

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.