Carolinas Credit Union League
- Assets
- $5.9m
- Revenue
- $2.3m
- Investments
- $998.2k
- Employees
- 37
- Location
- Columbia, SC
- Founding
- 01/1943
- Data as of
- 12/2021
- EIN
- 56-0340527
Organization Overview
Carolinas Credit Union League is located in Columbia, SC. The organization was established in 1943. 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, Carolinas Credit Union League employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolinas Credit Union League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Carolinas Credit Union League generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
HELP CREDIT UNIONS SUCCEED BY PROVIDING ADVOCACY AND COOPERATIVE SOLUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CREDIT UNIONS ADVOCACY, COMPLIANCE SERVICES AND EDUCATIONAL DEVELOPMENT, PROMOTE AND ASSIST ORGANIZATION OF NEW CREDIT UNIONS, ADVISE ON POLICY MATTERS AND PROCEDURES, PROVIDE SERVICES AND PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Schline Ceo/presiden | Officer | 40 | $369,715 |
Stephen Beach Coo/vice Pre | Officer | 40 | $240,464 |
Lauren Deangelis Chief Learni | Officer | 40 | $153,054 |
Susanne Witteborg VP Hr Consul | 40 | $133,947 | |
Brandon Pugh VP Public Re | 40 | $130,645 | |
Evelyn Hawthorne VP Govt Affa | 40 | $128,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,073,992 |
| 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 | $2,073,992 |
| Total Program Service Revenue | $84,301 |
| Investment income | $3,032 |
| 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 | $2,302,391 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $838,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,928 |
| Payroll taxes | $57,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,920 |
| Fees for services: Accounting | $15,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,348 |
| Advertising and promotion | $0 |
| Office expenses | $48,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,565 |
| Travel | $49,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,965 |
| Insurance | $20,945 |
| All other expenses | $54,226 |
| Total functional expenses | $2,018,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,751,261 |
| Savings and temporary cash investments | $38,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $762,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,017,531 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,956 |
| Net Land, buildings, and equipment | $231,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $998,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,879,933 |
| Accounts payable and accrued expenses | $759,515 |
| 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 | $561,024 |
| Total liabilities | $1,320,539 |
| Net assets without donor restrictions | $3,343,878 |
| Net assets with donor restrictions | $1,215,516 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,879,933 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Union Of Georgia Kennesaw, GA | $568,450,220 | $21,135,096 |
State Chartered Credit Unions In North Carolina Winston Salem, NC | $450,735,683 | $18,534,745 |
State Chartered Credit Unions In Canton, NC | $412,728,875 | $18,530,317 |
State Chartered Credit Unions In North Carolina Greensboro, NC | $337,571,406 | $18,300,511 |
State Chartered Credit Unions In North Carolina Winston Salem, NC | $454,901,827 | $18,489,124 |
Interstate Paper Federal Credit Union Jesup, GA | $308,641,899 | $18,616,471 |
Membersfirst Credit Union 2050 Lawrenceville Hwy Ste C-40 Decatur, GA | $348,729,006 | $15,204,020 |
Southeastern Federal Credit Union Valdosta, GA | $334,399,365 | $14,490,315 |
Spc Credit Union Hartsville, SC | $231,524,692 | $12,295,768 |
State Chartered Credit Unions In North Carolina Waynesville, NC | $320,707,218 | $13,383,027 |
Telco Community Credit Union Candler, NC | $337,573,645 | $13,700,591 |
Marshland Credit Union Brunswick, GA | $202,763,566 | $10,375,545 |