Coosa Valley Credit Union
- Assets
- $521.2m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 120
- Location
- Rome, GA
- Founding
- Data as of
- 12/2021
- EIN
- 58-0664019
Organization Overview
Coosa Valley Credit Union is located in Rome, GA. As of 12/2021, Coosa Valley Credit Union employed 120 individuals. Coosa Valley Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SAVINGS AND LENDING ACTIVITIES TO MEMBER OWNERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy F Harris President/ceo | Officer | 40 | $500,999 |
Guy Chambless CFO | Officer | 40 | $272,994 |
Saunders Jones III Clo | Officer | 40 | $263,439 |
A Dawn Harris COO | Officer | 40 | $262,882 |
Sean G Gauldin VP - Information Technology | Officer | 40 | $208,950 |
Serena L Stevenson VP - Hr/staff Development | Officer | 40 | $188,995 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fis Card Processing | 12/30/21 | $1,304,111 |
Graham Construction Construction/builder | 12/30/21 | $568,010 |
Route 66 Member Insurance | 12/30/21 | $2,306,311 |
Jack Henry & Associates Inc Core Processor | 12/30/21 | $1,132,339 |
Cmg Atlanta Radio Advertising | 12/30/21 | $464,200 |
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 | $27,010,541 |
| Investment income | $334,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,000 |
| 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 | $27,380,590 |
| 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 | $3,372,956 |
| 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 | $5,024,148 |
| Pension plan accruals and contributions | $380,148 |
| Other employee benefits | $1,208,755 |
| Payroll taxes | $491,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,849 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,061,941 |
| Advertising and promotion | $1,039,009 |
| Office expenses | $1,619,858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,199,075 |
| Travel | $156,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $636,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,258,185 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,037,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,939,437 |
| Savings and temporary cash investments | $57,161,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $347,043,563 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $930,173 |
| Net Land, buildings, and equipment | $21,215,779 |
| Investments—publicly traded securities | $59,884,242 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,047,731 |
| Total assets | $521,231,072 |
| Accounts payable and accrued expenses | $8,554,231 |
| 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 | $470,575,147 |
| Total liabilities | $479,129,378 |
| 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 | $42,101,694 |
| Total liabilities and net assets/fund balances | $521,231,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cornerstones Of Care Kansas City, MO | $33,252,192 | $62,036,711 |
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
Wheaton Franciscan Healthcare - Southeast Wisconsin Inc St Louis, MO | $170,280,677 | $49,335,705 |
Industrial Manufacturing Professional And Commercial Trust Lexington, KY | $8,502,513 | $49,520,230 |
Tideland Electric Membership Corp Pantego, NC | $155,003,665 | $49,716,262 |
Goodwill Industries Of Arkansas Inc Little Rock, AR | $54,825,832 | $52,717,160 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Trustbridge Inc West Palm Beach, FL | $246,958,049 | $48,624,490 |
Brevard Health Alliance Inc West Melbourne, FL | $40,519,404 | $57,510,485 |
Breeders Cup Limited Lexington, KY | $117,837,245 | $60,542,303 |