State Chartered Credit Unions In North Carolina

Organization Overview

State Chartered Credit Unions In North Carolina is located in Monroe, NC. The organization was established in 1969. 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, State Chartered Credit Unions In North Carolina employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. State Chartered Credit Unions In North Carolina 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, State Chartered Credit Unions In North Carolina generated $248.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $310.9k during the year ending 12/2021. 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

ALLVAC SAVINGS AND CREDIT UNION WAS ORGANIZED IN 1964 TO PROVIDE A BENEFIT FOR THE EMPLOYEES OF ALLVAC AND THEIR IMMEDIATE FAMILY MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NA


NA


NA


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Board, Officers & Key Employees

Name (title)Compensation
Joy Page
Manager
$54,339
Bruce Leckey
Secretary
$0
Randy Ferguson
Vice Preside
$0
Michael Bethea
Treasurer
$0
Susan Cole
Board Member
$0
Kim Edwards
Board Member
$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$206,174
Investment income $10,214
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 $248,854

Grants Recieved

Over the last fiscal year, we have identified 1 grants that State Chartered Credit Unions In North Carolina has recieved totaling $8,000.

Awarding OrganizationAmount
Carolinas Credit Union Foundation Inc

Columbia, SC

PURPOSE: GENERAL SUPPORT

$8,000
View Grant Recipient Profile

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