Delta Community Credit Union
- Assets
- $6.1b
- Revenue
- $309.5m
- Investments
- $744.7m
- Employees
- 1,379
- Location
- Atlanta, GA
- Founding
- 11/2001
- Data as of
- 12/2019
- EIN
- 58-0904765
Organization Overview
Delta Community Credit Union is located in Atlanta, GA. The organization was established in 2001. 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 12/2019, Delta Community Credit Union employed 1,379 individuals.
For the year ending 12/2019, Delta Community Credit Union generated $309.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $240.6m during the year ending 12/2019. While expenses have increased by 8.3% per year over the past 5 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.
Since 2015, Delta Community Credit Union has awarded 51 individual grants totaling $882,650. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
HELP MEMBERS REACH A LEVEL OF FINANCIAL AWARENESS AND STABILITY THAT AFFORDS THEM PEACE OF MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELTA COMMUNITY WAS FOUNDED IN 1940 BY EIGHT EMPLOYEES OF DELTA AIR LINES AND HAS BECOME GEORGIA'S LARGEST CREDIT UNION WITH $7 BILLION IN ASSETS AND 28 BRANCH LOCATIONS. IN ADDITION TO PROUDLY SERVING DELTA AIR LINES' EMPLOYEES, THE CREDIT UNION NOW WELCOMES PEOPLE WHO LIVE OR WORK IN THE 14-COUNTY METRO ATLANTA AREA, AND EMPLOYEES OF MORE THAN 140 BUSINESSES INCLUDING CHICK-FIL-A, RACETRAC AND UPS.WE ARE ACTIVELY INVOLVED WITH LOCAL CHAMBERS OF COMMERCE, SCHOOLS AND CHARITABLE ORGANIZATIONS TO THIS END AND EMBRACE THE OPPORTUNITY TO GIVE BACK TO THE COMMUNITIES WHERE WE LIVE, WORK, AND SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hank Halter President & CEO | OfficerTrustee | 40 | $1,114,722 |
Matthew Shepherd Evp & COO | Officer | 40 | $579,489 |
Jay Gratwick Evp & CFO | Officer | 40 | $530,324 |
Suzanne Mitchell SVP Hr | Officer | 40 | $433,891 |
Bob Walsh Evp & Clo | Officer | 40 | $433,043 |
Bob Manning SVP & General Counsel | Officer | 40 | $398,860 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Insight Global Data Center Proj Mgr, , Sftware Develope | 12/30/19 | $2,388,997 |
Optomi Consulting Services (Sr. Developer & Qa | 12/30/19 | $283,300 |
Randstad Technologies It Solutions | 12/30/19 | $175,874 |
Presidio Network Solutions Consulting Services On Data Center | 12/30/19 | $241,265 |
The Intersect Group Staffing And Recruiting | 12/30/19 | $103,618 |
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 | $284,058,986 |
| Investment income | $21,305,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $178,400 |
| Net Gain/Loss on Asset Sales | $3,910,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,453,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $196,000 |
| Grants and other assistance to domestic individuals. | $30,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,638,663 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,668,813 |
| Pension plan accruals and contributions | $3,239,987 |
| Other employee benefits | $8,754,492 |
| Payroll taxes | $4,826,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $822,740 |
| Fees for services: Accounting | $200,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,154,050 |
| Advertising and promotion | $6,416,765 |
| Office expenses | $8,914,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,941,469 |
| Travel | $841,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $820,589 |
| Interest | $30,383,370 |
| Payments to affiliates | $333,868 |
| Depreciation, depletion, and amortization | $7,238,692 |
| Insurance | $526,017 |
| All other expenses | $431,689 |
| Total functional expenses | $240,571,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,733,680 |
| Savings and temporary cash investments | $229,027,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,350,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,804,602,617 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,343,636 |
| Net Land, buildings, and equipment | $87,099,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $744,669,291 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,033,518 |
| Total assets | $6,051,859,737 |
| Accounts payable and accrued expenses | $54,526,095 |
| Grants payable | $0 |
| Deferred revenue | $10,044,826 |
| 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 | $5,194,577,890 |
| Total liabilities | $5,259,148,811 |
| 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 | $792,710,926 |
| Total liabilities and net assets/fund balances | $6,051,859,737 |
Grants Awarded
Over the last fiscal year, Delta Community Credit Union has awarded $196,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: FAMILY SUPPORT SERVICES | $100,000 |
Atlanta, GA PURPOSE: EXECUTIVE TEAM SPONSORSHIP | $20,000 |
Tallahassee, FL PURPOSE: EXECUTIVE TEAM SPONSORSHIP | $15,000 |
Atlanta, GA PURPOSE: SUPPORT FOR JA DISCOVERY BIZTOWN | $10,000 |
ARTSBRIDGE FOUNDATION PURPOSE: SHULER HENSLEY AWARDS | $10,000 |
Newnan, GA PURPOSE: SUMMER LUNCH PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Chartered Credit Unions In Florida Jacksonville, FL | $9,117,136,795 | $471,645,316 |
Suncoast Credit Union Tampa, FL | $10,533,714,376 | $521,014,379 |
Delta Community Credit Union Atlanta, GA | $6,051,859,737 | $309,453,420 |
State Chartered Credit Unions In Florida Melbourne, FL | $5,959,003,296 | $246,524,634 |
Eastman Credit Union Kingsport, TN | $5,099,588,309 | $251,106,306 |
Midflorida Credit Union Lakeland, FL | $4,422,009,998 | $222,035,479 |
Georgia's Own Credit Union Atlanta, GA | $2,494,603,277 | $142,869,720 |
Fairwinds Credit Union Orlando, FL | $2,670,383,320 | $146,664,282 |
Robins Financial Credit Union Warner Robins, GA | $3,340,269,474 | $144,241,424 |
Vizo Financial Corporate Credit Union Greensboro, NC | $4,707,672,721 | $115,178,255 |
Knoxville Tva Employees Credit Unio Knoxville, TN | $2,430,831,235 | $127,770,701 |
State Chartered Credit Unions In Florida Jonesville, FL | $2,090,847,610 | $107,037,570 |