Genuine Parts Credit Union
- Assets
- $14.2m
- Revenue
- $696.9k
- Investments
- $30.5k
- Employees
- 3
- Location
- Norcross, GA
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 58-6037585
Organization Overview
Genuine Parts Credit Union is located in Norcross, GA. The organization was established in 2001. 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, Genuine Parts Credit Union employed 3 individuals. Genuine Parts Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Genuine Parts Credit Union generated $696.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $647.0k during the year ending 12/2022. While expenses have increased by 4.1% 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
CREDIT UNION - TO PROVIE FINANCIAL SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON INTEREST INCOME AND PROVISION FOR LOAN LOSSES
INTEREST EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Mcpherson President/ce | Officer | 40 | $216,609 |
Nesha Woods Elliott Credit Com M | Officer | 40 | $62,092 |
Bryan Benton Bod/marketin | OfficerTrustee | 1 | $0 |
Aaron Capshaw Credit Com C | OfficerTrustee | 1 | $0 |
Carla Chung-Mcbride Audit Com | OfficerTrustee | 1 | $0 |
Leslie Beck Audit Comm C | Officer | 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 | $146,762 |
| Investment income | $544,848 |
| 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 | $696,940 |
| 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 | $299,174 |
| Pension plan accruals and contributions | $34,831 |
| Other employee benefits | $0 |
| Payroll taxes | $18,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $143,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $800 |
| Total functional expenses | $646,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,996 |
| Savings and temporary cash investments | $10,656,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,503,704 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,753 |
| Net Land, buildings, and equipment | $3,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,475 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,329 |
| Total assets | $14,172,994 |
| Accounts payable and accrued expenses | $603,214 |
| 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 | $10,940,888 |
| Total liabilities | $11,544,102 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $225,767 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,403,125 |
| Total liabilities and net assets/fund balances | $14,172,994 |
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