NGH Credit Union
- Assets
- $6.3m
- Revenue
- $496.3k
- Investments
- $802.2k
- Employees
- 7
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2017
- EIN
- 62-0679725
Organization Overview
NGH Credit Union is located in Nashville, TN. As of 12/2017, NGH Credit Union employed 7 individuals. NGH 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 12/2017, NGH Credit Union generated $496.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $632.8k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robbie Newlin Director | Trustee | 5 | $0 |
Melva Cox Director | Trustee | 1 | $0 |
Willie Hannah Director | Trustee | 1 | $0 |
Zachary Ingram Director | Trustee | 1 | $0 |
Sharon Piphus Director | Trustee | 1 | $0 |
Laws Rushing Director | Trustee | 1 | $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 | $398,541 |
| Investment income | $23,845 |
| 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 | $496,258 |
| 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. | $188,763 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,265 |
| Payroll taxes | $14,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $746 |
| Fees for services: Accounting | $16,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,517 |
| Office expenses | $136,952 |
| Information technology | $10,470 |
| Royalties | $0 |
| Occupancy | $17,992 |
| Travel | $2,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,714 |
| Interest | $5,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,315 |
| Insurance | $11,077 |
| All other expenses | $7,930 |
| Total functional expenses | $632,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,330,347 |
| Savings and temporary cash investments | $380,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,648,993 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $802,199 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,549 |
| Total assets | $6,278,500 |
| Accounts payable and accrued expenses | $18,583 |
| 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 | $5,898,869 |
| Total liabilities | $5,917,452 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $336,502 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $361,048 |