St Thomas Credit Union
- Assets
- $33.4m
- Revenue
- $1.5m
- Investments
- $9.4m
- Employees
- 11
- Location
- Nashville, TN
- Founding
- 06/1952
- Data as of
- 12/2021
- EIN
- 62-6047295
Organization Overview
St Thomas 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 12/2021, St Thomas Credit Union employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Thomas 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, St Thomas Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 0.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION PROVIDING FINANCIAL SERVICE AND EDUCATION TO ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNION PROVIDES FINANCIAL AND EDUCATIONAL SERVICES TO OUR MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chloe Nguyen Vice President | Officer | 40 | $69,742 |
William Dunn President | Officer | 40 | $64,527 |
John Raphael Board Of Directors-Chairperson | OfficerTrustee | 2 | $0 |
Robert Poteete Board Of Directors-Vice Chair Person | OfficerTrustee | 1 | $0 |
Beth Smith Board Member-Secretary | OfficerTrustee | 1 | $0 |
Sherry Warren Board Of Directors-Treasurer | OfficerTrustee | 2 | $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 | $1,430,934 |
| Investment income | $40,953 |
| 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 | $1,471,887 |
| 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. | $134,270 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,008 |
| Pension plan accruals and contributions | $6,549 |
| Other employee benefits | $60,825 |
| Payroll taxes | $29,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $364,168 |
| Advertising and promotion | $18,740 |
| Office expenses | $98,389 |
| Information technology | $37,543 |
| Royalties | $0 |
| Occupancy | $133,827 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,761 |
| Interest | $155 |
| Payments to affiliates | $17,608 |
| Depreciation, depletion, and amortization | $14,383 |
| Insurance | $21,670 |
| All other expenses | $0 |
| Total functional expenses | $1,380,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,532 |
| Savings and temporary cash investments | $199,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$41,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,784,430 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $183,978 |
| Net Land, buildings, and equipment | $77,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,354,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $261,360 |
| Total assets | $33,409,683 |
| Accounts payable and accrued expenses | $39,149 |
| 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 | $29,999,759 |
| Total liabilities | $30,038,908 |
| 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 | $3,370,775 |
| Total liabilities and net assets/fund balances | $33,409,683 |
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State Chartered Credit Unions In North Carolina Greensboro, NC | $337,571,406 | $18,300,511 |
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Arsenal Credit Union Arnold, MO | $349,876,786 | $18,878,245 |