Carolinas Credit Union League
- Assets
- $6.7m
- Revenue
- $2.5m
- Investments
- $906.9k
- Employees
- 35
- Location
- Columbia, SC
- Founding
- 01/1943
- Data as of
- 12/2022
- EIN
- 56-0340527
Organization Overview
Carolinas Credit Union League is located in Columbia, SC. The organization was established in 1943. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Carolinas Credit Union League employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolinas Credit Union League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Carolinas Credit Union League generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELP CREDIT UNIONS SUCCEED BY PROVIDING ADVOCACY AND COOPERATIVE SOLUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CREDIT UNIONS ADVOCACY, COMPLIANCE SERVICES AND EDUCATIONAL DEVELOPMENT, PROMOTE AND ASSIST ORGANIZATION OF NEW CREDIT UNIONS, ADVISE ON POLICY MATTERS AND PROCEDURES, PROVIDE SERVICES AND PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Schline Ceo/presiden | Officer | 40 | $186,756 |
Stephen Beach Coo/vice Pre | Officer | 40 | $128,015 |
Lauren Deangelis Chief Learni | Officer | 40 | $168,827 |
William Boylston VP Govt Affa | 40 | $146,619 | |
Susanne Witteborg VP Hr Consul | 40 | $141,449 | |
Brandon Pugh VP Public Re | 40 | $136,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,207,208 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,207,208 |
| Total Program Service Revenue | $107,333 |
| Investment income | $47,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,470,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $890,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $129,286 |
| Payroll taxes | $61,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,337 |
| Fees for services: Accounting | $14,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,318 |
| Advertising and promotion | $0 |
| Office expenses | $47,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,454 |
| Travel | $108,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,876 |
| Insurance | $22,514 |
| All other expenses | $74,253 |
| Total functional expenses | $2,294,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,560,263 |
| Savings and temporary cash investments | $38,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $649,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,017,531 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,889 |
| Net Land, buildings, and equipment | $196,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $906,944 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $286,609 |
| Total assets | $6,746,524 |
| Accounts payable and accrued expenses | $1,252,950 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $757,480 |
| Total liabilities | $2,010,430 |
| Net assets without donor restrictions | $3,481,665 |
| Net assets with donor restrictions | $1,254,429 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,746,524 |