Skip to content
Nonprofiteer
← LEADERS CREDIT UNION

Form 990 for tax year 2024

Filed by LEADERS CREDIT UNION.

Totals

Total revenue
$93,333,162
Total expenses
$77,538,876
Contributions and grants received
$0
Grants paid
$283,200
Program services expenses (Part IX)
$77,538,876
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.

Listed in Part VII

  • Dave Bratcher

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Rusty Butcher

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ricky Catlett

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Eddie Hays

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Currie Higgs

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Hill

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Diane Kelley

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kirk Newcom

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Bart Teague

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Todd Swims

    Manager/CEO

    Total calculated
    $1,013,164
    From this org
    $953,551
    From related orgs
    $0
    Other
    $59,613
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $517,830
    Bonus
    $201,984
    Other
    $233,737
    Deferred
    $48,046
    Nontaxable benefits
    $11,567
    Filer's total
    $1,013,164

  • Spencer Pratt

    Executive VP

    Total calculated
    $490,467
    From this org
    $425,818
    From related orgs
    $0
    Other
    $64,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,878
    Bonus
    $88,750
    Other
    $35,190
    Deferred
    $47,774
    Nontaxable benefits
    $16,875
    Filer's total
    $490,467

  • Seth Rudd

    CFO

    Total calculated
    $463,716
    From this org
    $397,697
    From related orgs
    $0
    Other
    $66,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,803
    Bonus
    $82,848
    Other
    $33,046
    Deferred
    $49,144
    Nontaxable benefits
    $16,875
    Filer's total
    $463,716

  • Ryan Platt

    CIO

    Total calculated
    $340,401
    From this org
    $281,365
    From related orgs
    $0
    Other
    $59,036
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,352
    Bonus
    $32,948
    Other
    $31,065
    Deferred
    $42,161
    Nontaxable benefits
    $16,875
    Filer's total
    $340,401

  • Chris Gray

    VP Mortgage

    Total calculated
    $367,963
    From this org
    $305,332
    From related orgs
    $0
    Other
    $62,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,699
    Bonus
    $43,093
    Other
    $25,540
    Deferred
    $45,756
    Nontaxable benefits
    $16,875
    Filer's total
    $367,963

  • Leigh Anne Bentley

    VP Marketing

    Total calculated
    $271,350
    From this org
    $225,936
    From related orgs
    $0
    Other
    $45,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,156
    Bonus
    $26,461
    Other
    $23,319
    Deferred
    $33,847
    Nontaxable benefits
    $11,567
    Filer's total
    $271,350

  • Joel Wyatt

    Chief Lending Office

    Total calculated
    $272,636
    From this org
    $222,424
    From related orgs
    $0
    Other
    $50,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,742
    Bonus
    $26,944
    Other
    $17,738
    Deferred
    $33,337
    Nontaxable benefits
    $16,875
    Filer's total
    $272,636

  • Karen Freeman

    COO

    Total calculated
    $262,693
    From this org
    $213,793
    From related orgs
    $0
    Other
    $48,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,530
    Bonus
    $25,699
    Other
    $18,564
    Deferred
    $32,025
    Nontaxable benefits
    $16,875
    Filer's total
    $262,693

  • Hinna Jamal

    Sales Strategy Officer

    Total calculated
    $192,541
    From this org
    $178,480
    From related orgs
    $0
    Other
    $14,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,000
    Bonus
    $21,450
    Other
    $20,030
    Deferred
    $0
    Nontaxable benefits
    $14,061
    Filer's total
    $192,541

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 — 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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Schedule J, Part I, Line 1a - Directors of the Credit Union and executives attend certain seminars and events that were for the business purposes of the Credit Union. Spouses of certain directors and executives also went on these trips and certain travel expenses were paid for by the Credit Union. The Credit Union was reimbursed by the directors, the expense was offset by mileage expense owed to the directors, and/or the spouse expense was reported to the spouse on a 1099-MISC. The executive's spouse travel expense was grossed up and reported as compensation on the executive's W-2. Country Club dues were paid on behalf of the CEO and were grossed up and reported as compensation on the CEO's W-2. Schedule J, Part I, Line 3 - Human resource manager uses Compease salary administration program to determine responsibilities and compensation for employees at all levels. Compease uses industry specific job descriptions, evaluation system, and geographic salary ranges to develop compensation ranges. A compensation committee approves overall salary budget and CEO compensation based on Compease research. Schedule J, Part I, Line 4 - The Executive VP and CFO of the Credit Union participated in a 457(f) plan.
Schedule J, Part I, Line 3
Schedule J, Part I, Line 3 - Human resource manager uses Compease salary administration program to determine responsibilities and compensation for employees at all levels. Compease uses industry specific job descriptions, evaluation system, and geographic salary ranges to develop compensation ranges. A compensation committee approves overall salary budget and CEO compensation based on Compease research.
Schedule J, Part I, Line 4
Schedule J, Part I, Line 4 - The Executive VP and CFO of the Credit Union participated in a 457(f) 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

Provenance

Return type
form_990
Tax year
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202533029349300108

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.