Consumer Credit Union
- Assets
- $557.2m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 106
- Location
- Greeneville, TN
- Founding
- 06/1952
- Data as of
- 12/2021
- EIN
- 62-0962107
Organization Overview
Consumer Credit Union is located in Greeneville, TN. The organization was established in 1952. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Consumer Credit Union employed 106 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Consumer 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 12/2021, Consumer Credit Union generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $14.3m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SERVICES FOR MEMBERS IN THE FORM OF LOANS, SAVINGS AND CHECKING ACCOUNTS, CERTIFICATES OF DEPOSITS, IRAS ECT. ALSO PROVIDE OTHER SERVICES SUCH AS ATM/DEBIT CARDS, CREDIT CARDS, TRAVEL CARDS, GIFT CARDS, MONEY ORDERS, AND LOCK BOXES. ( 36,010 MEMBERS AS OF 12/31/21)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Kilday President | OfficerTrustee | 40 | $333,213 |
Leroy Gray Executive VP | 40 | $178,243 | |
Brian Allen Svp/chief Information Officer/compliance | 40 | $167,663 | |
Susan Acuff Svp/cfo | 40 | $164,782 | |
Debbie Collins Svp/coo | 40 | $157,523 | |
Daniel Hawk Svp/commercial Lending | 40 | $139,027 |
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 | $10,624,868 |
| Investment income | $1,455,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$70,298 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,832,085 |
| 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. | $333,213 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,104,832 |
| Pension plan accruals and contributions | $480,000 |
| Other employee benefits | $579,595 |
| Payroll taxes | $339,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,087 |
| Fees for services: Accounting | $78,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $169,394 |
| Office expenses | $1,116,000 |
| Information technology | $2,212,314 |
| Royalties | $0 |
| Occupancy | $546,173 |
| Travel | $22,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,602 |
| Interest | $2,751,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $556,842 |
| Insurance | $166,495 |
| All other expenses | $808,853 |
| Total functional expenses | $14,271,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,597,891 |
| Savings and temporary cash investments | $74,483,296 |
| 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 | $324,572,684 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $289,782 |
| Net Land, buildings, and equipment | $10,039,985 |
| Investments—publicly traded securities | $125,634,775 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $121,575 |
| Other assets | $14,421,222 |
| Total assets | $557,161,210 |
| Accounts payable and accrued expenses | $12,865,472 |
| 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 | $493,850,081 |
| Total liabilities | $506,715,553 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $19,359,977 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $31,085,680 |
| Total liabilities and net assets/fund balances | $557,161,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Union Greeneville, TN | $557,161,210 | $15,832,085 |
Freedom Rain Inc Birmingham, AL | $1,488,299 | $8,388,398 |
Consumer Education Services Inc Raleigh, NC | $23,360,630 | $7,529,671 |
Housing Consultants Group Greensboro, NC | $1,106,215 | $2,683,425 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Usa Cares Inc Louisville, KY | $1,622,546 | $2,426,137 |
Financial Pathways Of The Piedmont Inc Winstonsalem, NC | $1,642,751 | $1,849,365 |
Consumer Credit Counseling Service Of Western North Carolina Inc Asheville, NC | $2,015,987 | $1,072,793 |
Prosperity Connection St Louis, MO | $1,393,127 | $1,257,430 |
Credit Counseling Of Arkansas Inc Fayetteville, AR | $985,008 | $1,311,283 |
A Debt Coach Credit Counseling Service Inc Florence, KY | $126,947 | $911,124 |
Consumer Credit Insurance Association Rocky Mount, NC | $1,066,199 | $942,381 |