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Nonprofiteer
← NORTHEAST COMMUNITY CREDIT UNION

Form 990 for tax year 2025

Filed by NORTHEAST COMMUNITY CREDIT UNION.

Totals

Total revenue
$10,106,330
Total expenses
$7,754,087
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,676,749
Investment income
$2,218,978
Other revenue
$210,603
Total assets, end of year
$184,307,862
Total liabilities, end of year
$153,490,498
Net assets or fund balances, end of year
$30,817,364
Program services expenses (Part IX)
$0
Management and general expenses
$7,754,087
Fundraising expenses
$0
Program service expenses (Part III)
$7,754,087

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 ON LOANS

    total $5,584,029 · related or exempt $5,584,029

  • 2b · Program service revenue: FEE INCOME

    total $2,092,720 · related or exempt $2,092,720

  • 3 · Investment income

    total $2,218,978 · related or exempt $2,218,978

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $210,603 · related or exempt $210,603

  • 11e · Other revenue, total

    $210,603

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,068,161 · management and general $2,068,161

  • 8 · Pension plan contributions

    total $118,314 · management and general $118,314

  • 9 · Other employee benefits

    total $399,981 · management and general $399,981

  • 10 · Payroll taxes

    total $199,587 · management and general $199,587

  • 13 · Office expenses

    total $383,075 · management and general $383,075

  • 16 · Occupancy

    total $374,592 · management and general $374,592

  • 19 · Conferences, conventions and meetings

    total $90,297 · management and general $90,297

  • 20 · Interest

    total $2,046,406 · management and general $2,046,406

  • 23 · Insurance

    total $9,600 · management and general $9,600

  • 24a · Other expenses: PROF & OUTSIDE SERVICES

    total $1,551,056 · management and general $1,551,056

  • 24b · Other expenses: EDUCATIONAL & PROMO

    total $236,634 · management and general $236,634

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $160,100 · management and general $160,100

  • 24d · Other expenses: LOAN SERVICING EXPENSE

    total $63,687 · management and general $63,687

  • 24e · All other expenses

    total $52,597 · management and general $52,597

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,239,522 · end of year $33,287,239

  • 2 · Savings and temporary cash investments

    beginning of year $17,477,000 · end of year $16,477,000

  • 4 · Accounts receivable

    beginning of year $89,990,287 · end of year $97,724,301

  • 9 · Prepaid expenses and deferred charges

    beginning of year $716,355 · end of year $571,190

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

    $14,659,201

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

    $2,603,294

  • 10c · Land, buildings and equipment, net

    beginning of year $8,068,511 · end of year $12,055,907

  • 12 · Investments: other securities

    beginning of year $25,908,809 · end of year $22,269,781

  • 15 · Other assets

    beginning of year $1,846,363 · end of year $1,922,444

  • 17 · Accounts payable and accrued expenses

    beginning of year $923,725 · end of year -$2,222,991

  • 25 · Other liabilities

    beginning of year $152,668,932 · end of year $155,713,489

  • 31 · Retained earnings, endowment or other funds

    beginning of year $27,654,190 · end of year $30,817,364

Mission and programs · 2025

Mission

CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 12,507 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Activities or mission (Part I)

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $5,707,681

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $2,046,406

As filed on the 2025 return.

Listed in Part VII

  • David Leveau

    PRESIDENT/CE

    Total calculated
    $164,023
    From this org
    $145,085
    From related orgs
    $0
    Other
    $18,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,085
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,938
    Nontaxable benefits
    not reported
    Filer's total
    $164,023

  • Teresa Arnold

    BOARD TREAS/

    Total calculated
    $0
    Hours/week
    1

  • Kevin Buckles

    CFO

    Total calculated
    $92,923
    From this org
    $78,799
    From related orgs
    $0
    Other
    $14,124
    Hours/week
    40

  • Andy Hardin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Hayes

    BOARD VICE C

    Total calculated
    $0
    Hours/week
    1

  • John K Geagley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kay Arnold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dennis L Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathy Campbell

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dustin Duncan

    BOARD MEMBER

    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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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 April 2026
IRS schema version
2025v4.0
Source object
202631039349300608

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