Credit Unions Chartered In The State Of Tn
- Assets
- $12.8m
- Revenue
- $427.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2016
- EIN
- 62-0680604
Organization Overview
Credit Unions Chartered In The State Of Tn is located in Nashville, TN. As of 12/2016, Credit Unions Chartered In The State Of TN employed 5 individuals. Credit Unions Chartered In The State Of TN 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 12/2016, Credit Unions Chartered In The State Of TN generated $427.3k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $451.9k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION ORGANIZED TO BENEFIT ITS' MEMBERS IN THE OFFERING OF LOANS AND ACCOUNTS FOR THE MEMBERS' PERSONAL USE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CHARTERED CREDIT UNION SERVING IT'S MEMBERS, WHICH ARE CURRENT AND FORMER EMPLOYEES, OF THE TENNESSEE DEPARTMENT OF EMPLOYEE SECURITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Armstrong Treasurer | OfficerTrustee | 40 | $55,308 |
Doris Ashley Vice President | OfficerTrustee | 1 | $0 |
Mike Daniel President | OfficerTrustee | 1 | $0 |
Kendra Reeves Secretary | OfficerTrustee | 1 | $0 |
Eddie Chisholm Director | Trustee | 1 | $0 |
Rusty Felts Director | 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 | $330,165 |
| Investment income | $97,166 |
| 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 | $427,331 |
| 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. | $55,308 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,026 |
| Pension plan accruals and contributions | $715 |
| Other employee benefits | $23,732 |
| Payroll taxes | $8,617 |
| 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 | $14,682 |
| Advertising and promotion | $0 |
| Office expenses | $12,589 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,616 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,876 |
| Insurance | $0 |
| All other expenses | $38,100 |
| Total functional expenses | $451,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,451,086 |
| Savings and temporary cash investments | $6,335,899 |
| 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 | $3,894,240 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,440 |
| Net Land, buildings, and equipment | $19,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,211 |
| Total assets | $12,841,562 |
| Accounts payable and accrued expenses | $23,466 |
| 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 | $9,680,478 |
| Total liabilities | $9,703,944 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,137,618 |
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