Totals
- Total revenue
- $1,778,489
- Total expenses
- $2,003,808
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,251,471
- Investment income
- $394,887
- Other revenue
- $132,131
- Total assets, end of year
- $37,971,210
- Total liabilities, end of year
- $34,669,660
- Net assets or fund balances, end of year
- $3,301,550
- 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: INTEREST MEMBER LOAN
total $1,192,049 · related or exempt $1,192,049
-
2b · Program service revenue: INTEREST CREDIT CARD
total $46,905 · related or exempt $46,905
-
2c · Program service revenue: INTEREST PARTICIPATION
total $12,517 · related or exempt $12,517
-
3 · Investment income
total $394,887 · related or exempt $394,887
-
11a · Other revenue: DEBITCRD NET I/CCR
total $72,550 · related or exempt $72,550
-
11b · Other revenue: FEE INCOME
total $24,834 · related or exempt $24,834
-
11c · Other revenue: CR CARD NET I/C
total $19,077 · related or exempt $19,077
-
11d · All other revenue
total $15,670 · related or exempt $15,670
-
11e · Other revenue, total
$132,131
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $533,798
-
9 · Other employee benefits
total $149,501
-
20 · Interest
total $483,214
-
24a · Other expenses: PROFESSIONAL & OUTSIDE
total $371,207
-
24b · Other expenses: OFFICE OPERATIONS
total $174,253
-
24c · Other expenses: LOAN SERVICE EXPENSE
total $99,191
-
24d · Other expenses: OFFICE OCCUPANCY
total $62,100
-
24e · All other expenses
total $130,544
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $138,006 · end of year $158,463
-
7 · Other notes and loans receivable
beginning of year $23,985,490 · end of year $23,812,090
-
9 · Prepaid expenses and deferred charges
beginning of year $154,612 · end of year $122,351
-
10a · Land, buildings and equipment: cost or other basis
$397,706
-
10b · Land, buildings and equipment: accumulated depreciation
$243,763
-
10c · Land, buildings and equipment, net
beginning of year $218,456 · end of year $153,943
-
13 · Investments: program-related
beginning of year $13,688,921 · end of year $13,307,716
-
15 · Other assets
beginning of year $347,512 · end of year $416,647
-
17 · Accounts payable and accrued expenses
beginning of year $53,816 · end of year $37,917
-
25 · Other liabilities
beginning of year $34,952,312 · end of year $34,631,743
-
29 · Capital stock, trust principal or current funds
beginning of year $1,306,664 · end of year $1,306,664
-
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 $2,220,205 · end of year $1,994,886
Mission and programs · 2024
Mission
THE PURPOSES OF THIS CREDIT UNION SHALL BE TO PROMOTE GOOD ECONOMIC MANAGEMENT, TO ISSUE SHARES AND MAINTAIN ACCOUNTS, TO MAKE LOANS TO ITS MEMEBERS AT RESONABLE RATES OF INTEREST FOR PRUDENT PURPOSES, TO INVEST ANY SURPLUS NOT REQUIRED FOR LANS TO MEMEBERS IN THE WAY AND MANNER PROVIDED BY LAW, AND TO EXERCISE THOSE FUNCTIONS DESCRIBED IN THE LAWS OF THE STATE OF TENNESSEE AUTHORIZING THE ORGANZIATION OF CREDIT UNIONS.
-
AT 12/31/24, KOIN CREDIT UNION (KCU) HAS 1 LOCATION IN BRENTWOOD, TN. KCU OFFERS A WIDE RANGE OF CONSUMER CREDIT AND DEPOSIT PRODUCTS & SERVICES. THESE INCLUDE CREDIT CARDS, SECURED AND UNSECURED TERM AND REVOLVING LOANS, RESIDENTIAL CONSTRUCTION AND PERMANENT MORTGAGE LENDING. KEY DATA AS OF DECEMBER 31, 2024 INCLUDE 1 LOCATION, 9 EMPLOYEES, 1,959 MEMBERS, 1,711 LOAN ACCOUNTS, 323 PARTICIPATION LOANS AND 3,916 DEPOSIT ACCOUNTS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Steve AcklinSTEVE ACKLIN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Shawn TobeSHAWN TOBE
SUPERVISORY COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristen LandersKRISTEN LANDERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sara MofieldSARA MOFIELD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Janice BellJANICE BELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shayne GilpinSHAYNE GILPIN
SUPERVISORY COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jayson ByrdJAYSON BYRD
SUPERVISORY COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shelby SawyerSHELBY SAWYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike NeillMIKE NEILL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jason HendersonJASON HENDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Doug ClintonDOUG CLINTON
CEO
- Total calculated
- $147,477
- From this org
- $147,477
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531339349302203
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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