Interstate Paper Federal Credit Union
- Assets
- $308.6m
- Revenue
- $18.6m
- Investments
- $33.8m
- Employees
- 89
- Location
- Jesup, GA
- Founding
- Data as of
- 12/2022
- EIN
- 58-6075493
Organization Overview
Interstate Paper Federal Credit Union is located in Jesup, GA. 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, Interstate Paper Federal Credit Union employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interstate Paper Federal 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, Interstate Paper Federal Credit Union generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $12.8m during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 3 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 PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie B Branch President/ce | OfficerTrustee | 40 | $274,580 |
Pam Leggett Senior VP | Officer | 40 | $131,000 |
Harriett Cooper Secretary, A | OfficerTrustee | 1 | $0 |
Harley Grove Board/audit | OfficerTrustee | 1 | $0 |
Delinda Pattie Board/audit | OfficerTrustee | 1 | $0 |
Amelia Milligan Audit Comm M | 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 | $13,895,113 |
| Investment income | $696,966 |
| 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 | $18,616,471 |
| 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 | $3,771,784 |
| Pension plan accruals and contributions | $216,761 |
| Other employee benefits | $699,392 |
| Payroll taxes | $272,147 |
| 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 | $924,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $426,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,792 |
| Interest | $1,840,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $83,410 |
| Total functional expenses | $12,793,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,851,713 |
| Savings and temporary cash investments | $764,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253,128,478 |
| 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 | $3,672,537 |
| Net Land, buildings, and equipment | $6,252,468 |
| Investments—publicly traded securities | $551,822 |
| Investments—other securities | $33,831,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,588,587 |
| Total assets | $308,641,899 |
| Accounts payable and accrued expenses | $6,370,308 |
| 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 | $262,560,061 |
| Total liabilities | $268,930,369 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $660,723 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $39,050,807 |
| Total liabilities and net assets/fund balances | $308,641,899 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Interstate Paper Federal Credit Union has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Coastal Emc Foundation Inc Midway, GA PURPOSE: COMMUNITY ASSISTANCE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Of Alabama Tuscaloosa, AL | $1,400,922,106 | $57,798,045 |
Guardian Credit Union Montgomery, AL | $763,618,487 | $55,701,810 |
Avadian Credit Union Birmingham, AL | $1,107,599,442 | $50,956,352 |
Self Help Credit Union Durham, NC | $1,341,389,804 | $52,319,101 |
State Chartered Credit Unions In Florida Tallahassee, FL | $809,997,626 | $45,725,908 |
First Commerce Credit Union Tallahassee, FL | $972,658,522 | $46,857,921 |
Gulf Winds Credit Union Pensacola, FL | $1,014,783,334 | $45,342,070 |
Credit Unions In The State Of Alabama Rainbow City, AL | $666,462,536 | $43,280,897 |
State Chartered Credit Unions In Florida Jacksonville, FL | $1,319,070,045 | $41,838,326 |
Leaders Credit Union Jackson, TN | $642,989,895 | $47,507,703 |
State Chartered Credit Unions In Florida Miramar, FL | $964,049,184 | $39,741,302 |
State Chartered Credit Unions In Florida Rockledge, FL | $1,021,969,331 | $43,006,441 |