U S Community Credit Union
- Assets
- $215.5m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 144
- Location
- Nashville, TN
- Founding
- 06/1952
- Data as of
- 12/2019
- 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 12/2018, U S Community Credit Union employed 144 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 12/2019, U S Community Credit Union generated $14.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $13.7m during the year ending 12/2019. While expenses have increased by 6.0% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM REVENUE: 9,883,448
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Johnson CEO | Officer | 40 | $267,025 |
Kathy Watson VP | Officer | 40 | $148,046 |
Ben Johnson Empoyee | Officer | 40 | $143,126 |
Gregory Brent Employee | Officer | 40 | $134,042 |
Nathan Brown CFO | Officer | 40 | $126,261 |
Hewitt Sawyers Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,398 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,802,772 |
| Statement of Expenses | |
|---|---|
| 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. | $1,407,891 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,780,362 |
| Pension plan accruals and contributions | $257,951 |
| Other employee benefits | $1,030,651 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,002,117 |
| 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 | $2,089,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $455,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,614 |
| Interest | $428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540,353 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,712,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,341,658 |
| Savings and temporary cash investments | $11,700,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,503,856 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $160,104,763 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,104,833 |
| Intangible assets | $0 |
| Other assets | $13,769,298 |
| Total assets | $215,456,515 |
| Accounts payable and accrued expenses | $1,226,647 |
| 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 | $188,112,437 |
| Total liabilities | $189,339,084 |
| 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 |
| Total liabilities and net assets/fund balances | $26,117,431 |
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