Totals
- Total revenue
- $29,329,321
- Total expenses
- $26,581,499
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $17,796,358
- Investment income
- $650,037
- Other revenue
- $10,882,926
- Total assets, end of year
- $421,777,858
- Total liabilities, end of year
- $374,932,010
- Net assets or fund balances, end of year
- $46,845,848
- Program services expenses (Part IX)
- $26,581,499
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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 from Members
total $17,796,358 · unrelated business $0 · excluded $0
-
3 · Investment income
total $650,037 · unrelated business $0 · excluded $0
-
11a · Other revenue: Fee Income
total $9,838,020 · related or exempt $9,755,920 · unrelated business $82,100 · excluded $0
-
11b · Other revenue: Other Revenue
total $1,044,906 · related or exempt $1,044,906 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$10,882,926
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,735,712 · program services $2,735,712 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $6,200,061 · program services $6,200,061 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $723,907 · program services $723,907 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $1,141,176 · program services $1,141,176 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $627,861 · program services $627,861 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $12,864 · program services $12,864 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $44,846 · program services $44,846 · management and general $0 · fundraising $0
-
11g · Fees: other
total $1,265,533 · program services $1,265,533 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $1,227,327 · program services $1,227,327 · management and general $0 · fundraising $0
-
13 · Office expenses
total $4,800,206 · program services $4,800,206 · management and general $0 · fundraising $0
-
16 · Occupancy
total $680,028 · program services $680,028 · management and general $0 · fundraising $0
-
20 · Interest
total $277,355 · program services $277,355 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $927,480 · program services $927,480 · management and general $0 · fundraising $0
-
23 · Insurance
total $133,842 · program services $133,842 · management and general $0 · fundraising $0
-
24a · Other expenses: Dues
total $89,739 · program services $89,739 · management and general $0 · fundraising $0
-
24b · Other expenses: Loan Servicing
total $1,329,001 · program services $1,329,001 · management and general $0 · fundraising $0
-
24c · Other expenses: Provision for Loan Loss
total $2,248,257 · program services $2,248,257 · management and general $0 · fundraising $0
-
24d · Other expenses: Dividends Paid
total $1,973,881 · program services $1,973,881 · management and general $0 · fundraising $0
-
24e · All other expenses
total $142,423 · program services $142,423 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,749,557 · end of year $3,806,355
-
2 · Savings and temporary cash investments
beginning of year $18,716,536 · end of year $28,473,107
-
5 · Loans and receivables from officers and key people
beginning of year $786,749 · end of year $505,158
-
7 · Other notes and loans receivable
beginning of year $296,587,700 · end of year $337,310,845
-
9 · Prepaid expenses and deferred charges
beginning of year $1,078,556 · end of year $1,320,505
-
10a · Land, buildings and equipment: cost or other basis
$33,544,282
-
10b · Land, buildings and equipment: accumulated depreciation
$11,650,262
-
10c · Land, buildings and equipment, net
beginning of year $15,200,571 · end of year $21,894,020
-
11 · Investments: publicly traded securities
beginning of year $15,689,520 · end of year $11,728,132
-
12 · Investments: other securities
beginning of year $4,749,604 · end of year $1,254,000
-
15 · Other assets
beginning of year $18,362,800 · end of year $15,485,736
-
17 · Accounts payable and accrued expenses
beginning of year $6,539,061 · end of year $4,549,958
-
24 · Unsecured notes and loans payable
beginning of year $10,000,000 · end of year $20,000,000
-
25 · Other liabilities
beginning of year $310,954,919 · end of year $350,382,052
-
31 · Retained earnings, endowment or other funds
beginning of year $45,427,613 · end of year $46,845,848
Mission and programs · 2022
Mission
To be the preferred financial services provider for our membership
-
ECU offers its members federally isured certificates of deposit at competitive rates.
-
ECU offers share and deposit products that include savings, checking, health savings, and money market accounts.
-
ECU offers IRA products that are federally insured up to $250,000 per depositor, at competitive rates
As filed on the 2022 return.
Listed in Part VII
-
Daniel Coward
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Linda Purdy
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kel Spradling
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Leonida Cleveland
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy Marrs
Director
- Total calculated
- $0
- Hours/week
- 1
-
Buddy Stephens
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cody Myers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Duane Chapman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steve West
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marcus Smith
President/CEO
- Total calculated
- $408,573
- From this org
- $357,585
- From related orgs
- $0
- Other
- $50,988
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,505
- Bonus
- $57,080
- Other
- $0
- Deferred
- $30,151
- Nontaxable benefits
- $20,837
- Filer's total
- $408,573
-
Claudia Burkett
Executive VP
- Total calculated
- $560,188
- From this org
- $512,655
- From related orgs
- $0
- Other
- $47,533
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $428,339
- Bonus
- $84,316
- Other
- $0
- Deferred
- $30,500
- Nontaxable benefits
- $17,033
- Filer's total
- $560,188
-
Eric Jenkins
Former CEO
- Total calculated
- $560,297
- From this org
- $512,486
- From related orgs
- $0
- Other
- $47,811
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $411,561
- Bonus
- $100,925
- Other
- $0
- Deferred
- $30,500
- Nontaxable benefits
- $17,311
- Filer's total
- $560,297
-
Jacque Bagot
Sr VP of Information Sys
- Total calculated
- $317,561
- From this org
- $284,458
- From related orgs
- $0
- Other
- $33,103
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,507
- Bonus
- $54,951
- Other
- $0
- Deferred
- $22,951
- Nontaxable benefits
- $10,152
- Filer's total
- $317,561
-
Melissa Durling
VP of Lending
- Total calculated
- $171,962
- From this org
- $153,942
- From related orgs
- $0
- Other
- $18,020
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,387
- Bonus
- $16,555
- Other
- $0
- Deferred
- $13,739
- Nontaxable benefits
- $4,281
- Filer's total
- $171,962
-
Amy Hamilton
VP Lending
- Total calculated
- $190,591
- From this org
- $166,660
- From related orgs
- $0
- Other
- $23,931
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,302
- Bonus
- $17,358
- Other
- $0
- Deferred
- $14,930
- Nontaxable benefits
- $9,001
- Filer's total
- $190,591
-
Johnny Harris
VP Branch Operations
- Total calculated
- $174,519
- From this org
- $151,824
- From related orgs
- $0
- Other
- $22,695
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,330
- Bonus
- $19,494
- Other
- $0
- Deferred
- $13,233
- Nontaxable benefits
- $9,462
- Filer's total
- $174,519
-
Lindsey Murphy
VP Marketing
- Total calculated
- $163,304
- From this org
- $138,032
- From related orgs
- $0
- Other
- $25,272
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,901
- Bonus
- $18,131
- Other
- $0
- Deferred
- $11,990
- Nontaxable benefits
- $13,282
- Filer's total
- $163,304
-
Beth Ashe
VP Member Exp.
- Total calculated
- $157,214
- From this org
- $136,388
- From related orgs
- $0
- Other
- $20,826
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,633
- Bonus
- $16,755
- Other
- $0
- Deferred
- $11,963
- Nontaxable benefits
- $8,863
- Filer's total
- $157,214
-
William Glass
VP of Operations
- Total calculated
- $192,063
- From this org
- $167,803
- From related orgs
- $0
- Other
- $24,260
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,832
- Bonus
- $16,971
- Other
- $0
- Deferred
- $15,113
- Nontaxable benefits
- $9,147
- Filer's total
- $192,063
-
Adrian Aleandre
VP Mortgage Lending
- Total calculated
- $167,547
- From this org
- $153,879
- From related orgs
- $0
- Other
- $13,668
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,845
- Bonus
- $10,034
- Other
- $0
- Deferred
- $4,495
- Nontaxable benefits
- $9,001
- Filer's total
- $167,375
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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Pt I Line 4b
- Eric Jenkins,Claudia Burkett, and Marcus Smith participate in a SERP retirement plan
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
- 2022
- Filed
- 4 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311349349301066
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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