STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA

As filed

Subsection

14

Classification

1000

Street

100 W MORGAN ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA (EIN 56-6062100). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

• CREDIT UNION PROGRAMS: PROVIDE MORTGAGES AND CONSUMER LOANS TO MEMBERS AT AFFORDABLE RATES. THERE WERE 7,548 LOANS GRANTED DURING 2024 TO THE CREDIT UNION'S MEMBERS. OF THE 430 HOME LOANS MADE TO MEMBERS, 264 WERE TO FIRST-TIME HOMEBUYERS.

• OFFER COMPETITIVE RATES ON SHARE DEPOSITS AND SERVICES. LCCU PAID OUT $21,768,667 IN DIVIDENDS FOR ITS 226,594 MEMBER ACCOUNTS IN 2024.

• PROVIDE FINANCIAL EDUCATION TO OVER 144,214 MEMBERS AND TO THE BROADER COMMUNITY. OFFER FREE FINANCIAL EDUCATION WORKSHOPS TO THE COMMUNITY, DEVELOP AND DISTRIBUTE CURRICULUM AND EDUCATIONAL VIDEOS TO INTERESTED PARTIES. IN 2024, LCCU PROVIDED 49 SCHOLARSHIPS FOR HIGHER EDUCATION TO MEMBERS FOR A TOTAL OF $155,500.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $82,531,419

  Expenses

  $70,582,981

  Contributions

  $5,000,000

  Grants paid

  $142,500

• 2023

  Revenue

  $73,382,404

  Expenses

  $52,597,358

  Contributions

  $4,395,258

  Grants paid

  $143,000

• 2022

  Revenue

  $57,822,762

  Expenses

  $34,036,462

  Contributions

  $694,400

  Grants paid

  $114,475

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $47,882,386

  Expenses

  $28,488,931

  Assets (EOY)

  $720,522,330

• 2020 · 990

  Revenue

  $46,210,133

  Expenses

  $27,188,689

  Assets (EOY)

  $594,710,945

• 2019 · 990

  Revenue

  $30,343,569

  Expenses

  $23,031,163

  Assets (EOY)

  $491,046,563

• 2018 · 990

  Revenue

  $24,899,231

  Expenses

  $18,033,938

  Assets (EOY)

  $339,723,304

• 2017 · 990

  Revenue

  $19,500,214

  Expenses

  $14,719,818

  Assets (EOY)

  $276,798,268

• 2016 · 990

  Revenue

  $17,759,207

  Expenses

  $12,260,033

  Assets (EOY)

  $242,315,733

• 2015 · 990

  Revenue

  $16,636,561

  Expenses

  $10,300,031

  Assets (EOY)

  $198,187,409

• 2014 · 990

  Revenue

  $12,114,552

  Expenses

  $8,575,875

  Assets (EOY)

  $151,199,398

• 2013 · 990

  Revenue

  $9,284,825

  Expenses

  $7,565,959

  Assets (EOY)

  $126,076,847

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $6,951,783

  Assets (EOY)

  $114,615,587

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• LATINO COMMUNITY DEVELOPMENT CENTER

  $5,000,000

  2024 · OPERATIONAL IMPROVEMENTS TO INCREASE ACCESS TO FINANCIAL SERVICES

• INCLUSIV INC

  $300,000

  2024 · EDWARD JONES - SUBGRANT-LATINO COMM, 300K

• INCLUSIV INC

  $0

  2025 · INCLUSIV - BUILD AND SAVE SUBGRANT 2025

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files