Skip to content
Nonprofiteer
← STATE CHARTERED CREDIT UNIONS IN

Form 990 for tax year 2024

Filed by STATE CHARTERED CREDIT UNIONS IN.

Totals

Total revenue
$32,581,818
Total expenses
$29,325,921
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$32,581,818
Investment income
$0
Other revenue
$0
Total assets, end of year
$549,564,417
Total liabilities, end of year
$489,477,676
Net assets or fund balances, end of year
$60,086,741
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$29,325,921

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 to Members

    total $24,497,833 · related or exempt $24,497,833 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Investment Income

    total $3,862,211 · related or exempt $3,862,211 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Fee Income

    total $4,772,065 · related or exempt $4,772,065 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Other Operating Income

    total -$550,291 · related or exempt -$550,291 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $5,520,477

  • 5 · Compensation of officers, directors and key employees

    total $800,943

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,691,280

  • 8 · Pension plan contributions

    total $403,392

  • 9 · Other employee benefits

    total $1,303,709

  • 10 · Payroll taxes

    total $536,953

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $143,804

  • 11c · Fees: accounting

    total $71,412

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $727,975

  • 13 · Office expenses

    total $962,786

  • 14 · Information technology

    total $3,038,494

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $975,376

  • 17 · Travel

    total $72,288

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $74,374

  • 20 · Interest

    total $2,004,874

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $856,645

  • 23 · Insurance

    total $43,928

  • 24a · Other expenses: Loan Servicing

    total $2,162,120

  • 24b · Other expenses: Provision for Credit Losses

    total $1,765,948

  • 24c · Other expenses: Office Operations

    total $254,029

  • 24d · Other expenses: Operating Fees

    total $97,762

  • 24e · All other expenses

    total $817,352

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,448,423 · end of year $6,061,851

  • 2 · Savings and temporary cash investments

    beginning of year $47,632,721 · end of year $69,293,255

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $436,750,052 · end of year $412,741,702

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,239,409 · end of year $792,179

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

    $34,219,945

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

    $6,517,959

  • 10c · Land, buildings and equipment, net

    beginning of year $16,465,633 · end of year $27,701,986

  • 11 · Investments: publicly traded securities

    beginning of year $38,118,837 · end of year $22,905,962

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $3,823,770 · end of year $3,308,679

  • 14 · Intangible assets

    beginning of year $3,573,981 · end of year $2,528,737

  • 15 · Other assets

    beginning of year $4,101,892 · end of year $4,230,066

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,800,562 · end of year $6,126,411

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $541,384 · end of year $835,759

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $45,000,000 · end of year $30,000,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $446,652,567 · end of year $452,515,506

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $57,160,205 · end of year $60,086,741

Mission and programs · 2024

Mission

State chartered credit union mutually owned by our 36,379 members to promote deposits, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

Activities or mission (Part I)

State chartered credit union providing financial services to our 36,379 members.

  • State chartered credit union mutually owned by our 36,379 members to promote deposits, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

    Expenses $29,325,921 · Revenue $32,581,818

As filed on the 2024 return.

Listed in Part VII

  • Timothy Robinson

    President/CEO

    Total calculated
    $535,588
    From this org
    $481,556
    From related orgs
    $0
    Other
    $54,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,189
    Bonus
    $217,492
    Other
    $1,875
    Deferred
    $0
    Nontaxable benefits
    $54,032
    Filer's total
    $535,588

  • Brittainy Crawford

    CFO

    Total calculated
    $293,621
    From this org
    $240,943
    From related orgs
    $0
    Other
    $52,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,676
    Bonus
    $50,152
    Other
    $7,115
    Deferred
    $0
    Nontaxable benefits
    $52,678
    Filer's total
    $293,621

  • Marcus Trull

    Director of Organizational Strategy

    Total calculated
    $175,323
    From this org
    $140,534
    From related orgs
    $0
    Other
    $34,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,944
    Bonus
    $19,242
    Other
    $1,348
    Deferred
    $0
    Nontaxable benefits
    $34,789
    Filer's total
    $175,323

  • Melanie Mooney

    Director of HR

    Total calculated
    $173,570
    From this org
    $149,975
    From related orgs
    $0
    Other
    $23,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,760
    Bonus
    $20,657
    Other
    $3,558
    Deferred
    $0
    Nontaxable benefits
    $23,594
    Filer's total
    $173,569

  • Barbara Pinter

    Director of Lending

    Total calculated
    $169,517
    From this org
    $132,152
    From related orgs
    $0
    Other
    $37,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,670
    Bonus
    $18,912
    Other
    $1,569
    Deferred
    $0
    Nontaxable benefits
    $37,365
    Filer's total
    $169,516

  • Lorinda Whaley

    Director of Member Experience

    Total calculated
    $159,399
    From this org
    $127,751
    From related orgs
    $0
    Other
    $31,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,650
    Bonus
    $18,912
    Other
    $189
    Deferred
    $0
    Nontaxable benefits
    $31,648
    Filer's total
    $159,399

  • Christopher Wells

    Market Executive

    Total calculated
    $150,648
    From this org
    $130,172
    From related orgs
    $0
    Other
    $20,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,971
    Bonus
    $16,369
    Other
    $1,832
    Deferred
    $0
    Nontaxable benefits
    $20,476
    Filer's total
    $150,648

  • Bryan Trantham

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Mike Arnott

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Andrew Francis

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Stephany Semones

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Greg Boothroyd

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ron Mills

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Howard Taylor

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dean Pressley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Gary Hollifield

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Matthew Lehman

    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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2024
Filed
14 May 2025
IRS schema version
2024v5.0
Source object
202531349349310143

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.