Leaders Credit Union

Organization Overview

Leaders Credit Union is located in Jackson, 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 12/2021, Leaders Credit Union employed 201 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Leaders 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 12/2021, Leaders Credit Union generated $47.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $35.0m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVISION OF FINANCIAL SERVICES TO MEMBERS IN THE FORM OF LOANS, SHARE ACCOUNTS AND OTHER FINANCIAL INSTITUTIONAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF FINANCIAL SERVICES TO MEMBERS IN THE FORM OF LOANS, SHARE ACCOUNTS AND OTHER FINANCIAL INSTITUTIONAL SERVICES (54,249 MEMBERS).


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Board, Officers & Key Employees

Name (title)Compensation
Todd Swims
Manager/ceo
$734,811
Spencer Pratt
Executive VP
$337,280
Tim Sikes
Mortgage Loan Originator
$329,022
Seth Rudd
Chief Financial Officer
$294,820
Ross Priddy
Mortgage Lending
$279,173
Chris Gray
VP Mortgage
$242,124

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pscu
Debit And Credit Card Services
$1,982,859
Fiserv
Data Processing
$1,013,207
Pentecost And Glenn
Real Estate Purchase
$799,403
Qsi Inc
Bank Equipment And Servicing
$695,993
Ncr
Home Banking Services
$957,628
View All Vendors

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$22,743,418
Investment income $399,209
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $87,563
Net Gain/Loss on Asset Sales $675
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,507,703

Grants Awarded

Over the last fiscal year, Leaders Credit Union has awarded $159,723 in support to 3 organizations.

Grant RecipientAmount

LEADERS EDUCATION FOUNDATION

Org PageRecipient Profile

Jackson, TN

PURPOSE: Provides educational grants, scholarships, and resources to our community that supports lifelong learning, workforce development, and educational opportunities.

$143,723

JACKSON-MADISON COUNTY SCHOOL SYSTEM

PURPOSE: Annual teacher in-service and general funds.

$10,000

JACKSON & MADISON COUNTY CHAMBER OF COMMERCEDBA JACKSON CHAMBER

Org PageRecipient Profile

Jackson, TN

PURPOSE: Forward Jackson campaign to improve Jackson. Economic development capital campaign funded by local investors and focused on four initiatives: region and local economic development, tourism, workforce development and small businesses.

$6,000
View Grant Profile

Peer Organizations

Organization NameAssets
Georgia's Own Credit Union
Atlanta, GA
$147,500,350
Knoxville Tva Employees Credit Unio
Knoxville, TN
$162,152,547
Robins Financial Credit Union
Warner Robins, GA
$147,788,018
Atlanta Postal Credit Union
Atlanta, GA
$86,141,254
Commonwealth Credit Union
Frankfort, KY
$88,350,902
Georgia United Credit Union
Duluth, GA
$80,835,681
Lge Community Credit Union
Atlanta, GA
$81,568,561
Associated Credit Union
Norcross, GA
$74,274,351
Max Credit Union
Montgomery, AL
$76,797,432
Vizo Financial Corporate Credit Union
Greensboro, NC
$155,341,145
Credit Unions In The State Of Alabama
Birmingham, AL
$74,996,749
Park Community Credit Union Inc
Louisville, KY
$53,014,034

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