Greater Piedmont Credit Union
- Assets
- $15.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Durham, NC
- Founding
- Data as of
- 12/2015
- EIN
- 56-1231894
Organization Overview
Greater Piedmont Credit Union is located in Durham, NC. As of 12/2015, Greater Piedmont Credit Union employed 18 individuals. Greater Piedmont Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SERVICE TO THE MEMBERSHIP AT A REASONABLE COST
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A FULL RANGE OF SERVICES TO THE MEMBERS/OWNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Holland Presidentceo | Officer | 40 | $90,535 |
David Kearns Chairperson | Trustee | 1 | $0 |
Veronica Logan-Person Bdo Member | Trustee | 1 | $0 |
Lois Pantazis Secretary | Trustee | 1 | $0 |
Elizabeth Smith Bod Member | Trustee | 1 | $0 |
William Mccoy Bod Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $758,169 |
| Investment income | $30,793 |
| 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 | $1,321,680 |
| 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. | $90,535 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,339 |
| Pension plan accruals and contributions | $8,550 |
| Other employee benefits | $65,658 |
| Payroll taxes | $36,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $475 |
| Fees for services: Accounting | $40,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $250 |
| Fees for services: Other | $22,530 |
| Advertising and promotion | $11,357 |
| Office expenses | $249,659 |
| Information technology | $27,002 |
| Royalties | $0 |
| Occupancy | $48,209 |
| Travel | $1,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,166 |
| Interest | $73 |
| Payments to affiliates | $9,469 |
| Depreciation, depletion, and amortization | $90,028 |
| Insurance | $29,443 |
| All other expenses | $29,100 |
| Total functional expenses | $1,367,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,157 |
| Savings and temporary cash investments | $5,152,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,774 |
| Loans from Officers, Directors, or Controlling Persons | $381,407 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,739,371 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,311 |
| Net Land, buildings, and equipment | $230,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,384 |
| Total assets | $15,069,169 |
| Accounts payable and accrued expenses | $80,137 |
| 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 | $0 |
| Total liabilities | $80,137 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $14,038,037 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $14,989,032 |
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