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Nonprofiteer
← LEADERS CREDIT UNION

Form 990 for tax year 2023

Filed by LEADERS CREDIT UNION.

Totals

Total revenue
$75,354,463
Total expenses
$60,458,045
Contributions and grants received
$0
Grants paid
$250,200
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.

Listed in Part VII

  • TODD SWIMS

    MANAGER/CEO

    Total calculated
    $900,071
    From this org
    $843,895
    From related orgs
    $0
    Other
    $56,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $438,416
    Bonus
    $53,600
    Other
    $351,879
    Deferred
    $43,500
    Nontaxable benefits
    $12,676
    Filer's total
    $900,071

  • SPENCER PRATT

    EXECUTIVE VP

    Total calculated
    $412,634
    From this org
    $344,626
    From related orgs
    $0
    Other
    $68,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,013
    Bonus
    $55,694
    Other
    $23,919
    Deferred
    $49,500
    Nontaxable benefits
    $18,508
    Filer's total
    $412,634

  • SETH RUDD

    CFO

    Total calculated
    $390,543
    From this org
    $323,532
    From related orgs
    $0
    Other
    $67,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,390
    Bonus
    $51,780
    Other
    $24,362
    Deferred
    $48,503
    Nontaxable benefits
    $18,508
    Filer's total
    $390,543

  • RYAN PLATT

    CIO

    Total calculated
    $301,713
    From this org
    $246,289
    From related orgs
    $0
    Other
    $55,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,723
    Bonus
    $29,953
    Other
    $24,613
    Deferred
    $36,916
    Nontaxable benefits
    $18,508
    Filer's total
    $301,713

  • CHRIS GRAY

    VP MORTGAGE

    Total calculated
    $267,684
    From this org
    $241,847
    From related orgs
    $0
    Other
    $25,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,846
    Bonus
    $21,299
    Other
    $5,702
    Deferred
    $25,404
    Nontaxable benefits
    $433
    Filer's total
    $267,684

  • KEVIN SMITH

    VP INVESTMEN

    Total calculated
    $251,091
    From this org
    $223,792
    From related orgs
    $0
    Other
    $27,299
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,000
    Bonus
    $117,532
    Other
    $2,260
    Deferred
    $18,441
    Nontaxable benefits
    $8,858
    Filer's total
    $251,091

  • LEIGH ANNE BENTLEY

    VP MARKETING

    Total calculated
    $243,298
    From this org
    $200,576
    From related orgs
    $0
    Other
    $42,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,825
    Bonus
    $24,501
    Other
    $19,250
    Deferred
    $30,046
    Nontaxable benefits
    $12,676
    Filer's total
    $243,298

  • JOEL WYATT

    CHIEF LENDIN

    Total calculated
    $243,013
    From this org
    $195,243
    From related orgs
    $0
    Other
    $47,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,783
    Bonus
    $24,494
    Other
    $13,966
    Deferred
    $29,262
    Nontaxable benefits
    $18,508
    Filer's total
    $243,013

  • 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

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 III
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.

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
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202443209349305534

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