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← STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA

Form 990 for tax year 2023

Filed by STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA.

Totals

Total revenue
$177,857
Total expenses
$262,022
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$149,709
Investment income
$28,148
Other revenue
$0
Total assets, end of year
$1,857,647
Total liabilities, end of year
$1,167,783
Net assets or fund balances, end of year
$689,864
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: LOAN INTEREST

    total $149,703 · related or exempt $149,703

  • 2b · Program service revenue: FEE INCOME

    total $6 · related or exempt $6

  • 3 · Investment income

    total $28,148 · related or exempt $28,148

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $111,829

  • 9 · Other employee benefits

    total $8,692

  • 11g · Fees: other

    total $13,559

  • 13 · Office expenses

    total $31,759

  • 20 · Interest

    total $3,943

  • 24a · Other expenses: PROVISION FOR LOAN LOSSES

    total $87,992

  • 24b · Other expenses: LOAN SERVICING

    total $4,293

  • 24c · Other expenses: OPERATING EXPENSE

    total -$45

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $976,659 · end of year $866,779

  • 7 · Other notes and loans receivable

    beginning of year $1,124,490 · end of year $977,888

  • 15 · Other assets

    beginning of year $14,003 · end of year $12,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $936 · end of year $33,925

  • 25 · Other liabilities

    beginning of year $1,297,972 · end of year $1,133,858

  • 31 · Retained earnings, endowment or other funds

    beginning of year $816,244 · end of year $689,864

Mission and programs · 2023

Mission

TO PROVIDE SERVICES TO MEMBERS

Activities or mission (Part I)

TO PROVIDE SERVICES TO MEMBERS AND PAY DIVIDENDS AT REASONABLE RATES

  • TOTAL LOANS 169 TOTAL LOAN AMOUNT 1,067,980 TOTAL MEMBERS 343 TOTAL SHARES AMOUNT 1,133,858

  • TOTAL LOANS 169 TOTAL LOAN AMOUNT 1,067,980 TOTAL MEMBERS 343 TOTAL SHARES AMOUNT 1,133,858

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joshua Hopkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Potter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julia Potter

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Matthew Rivenbark

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    1

  • Terence Simmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Sireci

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alton Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tina Taylor

    MANAGER/SEC/

    Total calculated
    $0
    Hours/week
    20

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
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202411369349306326

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