Totals
- Total revenue
- $61,040,712
- Total expenses
- $40,574,703
- Contributions and grants received
- $0
- Grants paid
- $5,000
- Program service revenue
- $26,897,051
- Investment income
- $15,810,101
- Other revenue
- $18,333,560
- Total assets, end of year
- $974,844,524
- Total liabilities, end of year
- $810,016,194
- Net assets or fund balances, end of year
- $164,828,330
- 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: LOAN INTEREST INCOME
total $26,897,051 · related or exempt $26,897,051
-
3 · Investment income
total $15,776,579 · excluded $15,776,579
-
5 · Royalties
total $218,983 · excluded $218,983
-
7a · Gross sales of assets other than inventory
other assets $33,522
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $33,522
-
7d · Net gain or loss
total $33,522 · related or exempt $33,522
-
11a · Other revenue: INTERCHANGE ACCOUNT CHARGES
total $7,002,346 · related or exempt $7,002,346
-
11b · Other revenue: OTHER ACCOUNT & LOAN FEES
total $5,318,693 · related or exempt $5,318,693
-
11c · Other revenue: OVERDRAFT PRIVILEGE FEES
total $5,201,920 · related or exempt $5,201,920
-
11d · All other revenue
total $591,618 · related or exempt $538,860 · unrelated business $52,758
-
11e · Other revenue, total
$18,114,577
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,000
-
5 · Compensation of officers, directors and key employees
total $1,727,058
-
7 · Other salaries and wages
total $10,912,818
-
9 · Other employee benefits
total $2,118,138
-
10 · Payroll taxes
total $899,342
-
11b · Fees: legal
total $65,095
-
11c · Fees: accounting
total $137,500
-
11g · Fees: other
total $1,490,535
-
12 · Advertising and promotion
total $153,944
-
13 · Office expenses
total $1,939,221
-
16 · Occupancy
total $2,078,659
-
17 · Travel
total $142,648
-
19 · Conferences, conventions and meetings
total $152,671
-
20 · Interest
total $9,741,462
-
22 · Depreciation, depletion and amortization
total $1,068,328
-
23 · Insurance
total $221,898
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $2,750,316
-
24b · Other expenses: CHECK AND LOAN SERVICIN
total $2,091,034
-
24c · Other expenses: ATM AND DEBIT CARD FEES
total $2,028,420
-
24d · Other expenses: TAXES AND LICENSES
total $402,138
-
24e · All other expenses
total $448,478
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,540,413 · end of year $11,192,276
-
2 · Savings and temporary cash investments
beginning of year $155,404,573 · end of year $228,266,631
-
4 · Accounts receivable
beginning of year $7,928,839 · end of year $11,987,089
-
7 · Other notes and loans receivable
beginning of year $452,394,754 · end of year $435,472,708
-
9 · Prepaid expenses and deferred charges
beginning of year $746,409 · end of year $898,444
-
10a · Land, buildings and equipment: cost or other basis
$48,374,647
-
10b · Land, buildings and equipment: accumulated depreciation
$15,667,052
-
10c · Land, buildings and equipment, net
beginning of year $31,044,967 · end of year $32,707,595
-
12 · Investments: other securities
beginning of year $241,891,158 · end of year $226,113,467
-
13 · Investments: program-related
beginning of year $131,684 · end of year $138,302
-
15 · Other assets
beginning of year $27,461,760 · end of year $28,068,012
-
17 · Accounts payable and accrued expenses
beginning of year $10,848,473 · end of year $6,958,093
-
25 · Other liabilities
beginning of year $776,803,672 · end of year $803,058,101
-
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 $142,892,412 · end of year $164,828,330
Mission and programs · 2024
Mission
TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS
-
88,574 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS
As filed on the 2024 return.
Listed in Part VII
-
James JeffreysJAMES JEFFREYS
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
James McLinJAMES MCLIN
BOARD VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Ray DurhamRAY DURHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas JohnsonTHOMAS JOHNSON
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Bruce GarrisonBRUCE GARRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth LivingstonKENNETH LIVINGSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Larry AkinLARRY AKIN
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Milford WomackMILFORD WOMACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
M Shane NobbleyM SHANE NOBBLEY
MANAGER OR CEO
- Total calculated
- $550,145
- From this org
- $518,477
- From related orgs
- $0
- Other
- $31,668
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $518,477
- Bonus
- $0
- Other
- $0
- Deferred
- $17,250
- Nontaxable benefits
- $14,418
- Filer's total
- $550,145
-
J Cole SharpJ COLE SHARP
VP LENDING & BRANCH OPS.
- Total calculated
- $280,982
- From this org
- $259,285
- From related orgs
- $0
- Other
- $21,697
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $259,285
- Bonus
- $0
- Other
- $0
- Deferred
- $12,957
- Nontaxable benefits
- $8,740
- Filer's total
- $280,982
-
Zachary HowellZACHARY HOWELL
VP MARKETING & ADMIN.
- Total calculated
- $263,660
- From this org
- $236,972
- From related orgs
- $0
- Other
- $26,688
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,972
- Bonus
- $0
- Other
- $0
- Deferred
- $12,411
- Nontaxable benefits
- $14,277
- Filer's total
- $263,660
-
Shawn MetzSHAWN METZ
VP COMPUTER INFO SYS
- Total calculated
- $273,524
- From this org
- $259,016
- From related orgs
- $0
- Other
- $14,508
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $259,016
- Bonus
- $0
- Other
- $0
- Deferred
- $12,887
- Nontaxable benefits
- $1,621
- Filer's total
- $273,524
-
Machelle KellyMACHELLE KELLY
AVP OF OPERATIONS
- Total calculated
- $162,403
- From this org
- $147,030
- From related orgs
- $0
- Other
- $15,373
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,030
- Bonus
- $0
- Other
- $0
- Deferred
- $7,346
- Nontaxable benefits
- $8,027
- Filer's total
- $162,403
-
Tiffany MorganTIFFANY MORGAN
VP OF FINANCE AND BACK OFF
- Total calculated
- $196,345
- From this org
- $173,242
- From related orgs
- $0
- Other
- $23,103
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,242
- Bonus
- $0
- Other
- $0
- Deferred
- $9,215
- Nontaxable benefits
- $13,888
- Filer's total
- $196,345
-
Jennifer N ChenaultJENNIFER N CHENAULT
HUMAN RESOURCE MANAGER
- Total calculated
- $113,993
- From this org
- $107,783
- From related orgs
- $0
- Other
- $6,210
- Hours/week
- 40
-
Jamie L GatlinJAMIE L GATLIN
AVP OF INFORMATIONS SYSTEMS
- Total calculated
- $132,762
- From this org
- $113,024
- From related orgs
- $0
- Other
- $19,738
- Hours/week
- 40
-
Jennifer L ThomasJENNIFER L THOMAS
AVP OF OPERATIONS
- Total calculated
- $138,071
- From this org
- $118,100
- From related orgs
- $0
- Other
- $19,971
- 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. 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 · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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
- 6 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531419349301113
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