U S Community Credit Union
- Assets
- $294.7m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 119
- Location
- Nashville, TN
- Founding
- 06/1952
- Data as of
- 12/2023
- EIN
- 62-0517615
Organization Overview
U S Community Credit Union is located in Nashville, TN. The organization was established in 1952. 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 12/2023, U S Community Credit Union employed 119 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. U S Community 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 12/2023, U S Community Credit Union generated $19.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $17.3m during the year ending 12/2023. While expenses have increased by 5.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED SCHEDULES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Johnson Presidentceo | Officer | 40 | $750,309 |
Gregory Brent Cro | Officer | 40 | $194,598 |
Kameran Laux CFO | Officer | 40 | $188,803 |
Jr Jernigan COO | Officer | 40 | $159,880 |
Kim Lamont Sr VP Lending | 40 | $147,471 | |
Lauren Bolus VP Mtg Lending & Business Ser | 40 | $134,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $273,939 |
| 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 | $273,939 |
| Total Program Service Revenue | $11,996,373 |
| Investment income | $1,092,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,517,866 |
| 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. | $1,293,590 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,121,744 |
| Pension plan accruals and contributions | $386,222 |
| Other employee benefits | $1,042,427 |
| Payroll taxes | $394,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $180,000 |
| Fees for services: Accounting | $52,200 |
| 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 | $356,453 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $329,346 |
| Interest | $155,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,464 |
| Insurance | $0 |
| All other expenses | $8,653,112 |
| Total functional expenses | $17,344,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,083,819 |
| Savings and temporary cash investments | $14,206,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $217,655,738 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $198,566 |
| Net Land, buildings, and equipment | $10,869,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $29,740,772 |
| Intangible assets | $0 |
| Other assets | $19,976,956 |
| Total assets | $294,732,281 |
| Accounts payable and accrued expenses | $0 |
| 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 | $264,725,293 |
| Total liabilities | $264,725,293 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $30,006,988 |
| Total liabilities and net assets/fund balances | $294,732,281 |