EASTMAN CREDIT UNION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- EASTMAN CREDIT UNION (EIN 62-6039479)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-11
- IRS object ID
- 202241319349305719
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-11T17:04:25-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 W RIVERSIDE AVENUE STE 1800 | AddressLine1Txt |
| City | SPOKANE | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 626039479 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EASTMAN CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EAST | BusinessNameControlTxt |
| Phone | 4232298200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1989 | AddressLine1Txt |
| City | KINGSPORT | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37662 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KELLY PRICE | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 4232298200 | PhoneNum |
| Signature | 2022-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KELLY | PersonFirstNm |
| Person Last | PRICE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EMINA O CRESSWELL CPA | PreparerPersonNm |
| PTIN | P01217304 | PTIN |
| Phone | 5097472600 | PhoneNum |
| Preparation | 2022-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KELLY PRICE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1989 | AddressLine1Txt |
| City | KINGSPORT | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37662 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $292,260,371 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ECU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | OPERATED DURING 2021 AS A STATE CHARTERED CREDIT UNION WHOSE PURPOSE IS (CONTINUED ON SCHEDULE O)TO BE THE PREFERRED FINANCIAL INSTITUTION IN THE COMMUNITIES WE SERVE BY PROVIDING FINANCIAL PRODUCTS AND SERVICES WHICH ADD VALUE TO MEMBERS, GUIDED BY CREDIT UNION CO-OPERATIVE VALUES AND SERVICE EXCELLENCE EXPECTATIONS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 1080 | TotalEmployeeCnt |
| Total Volunteers | 8 | TotalVolunteersCnt |
| Total Gross UBI | $840,201 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $269,461,956 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $289,341,485 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,316,386 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,703,158 | CYInvestmentIncomeAmt |
| PY Other Revenue | $209,925 | PYOtherRevenueAmt |
| CY Other Revenue | $190,145 | CYOtherRevenueAmt |
| PY Total Revenue | $271,988,267 | PYTotalRevenueAmt |
| CY Total Revenue | $291,234,788 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,006,234 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,655,888 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $66,144,415 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $69,918,430 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $128,153,203 | PYOtherExpensesAmt |
| CY Other Expenses | $118,424,321 | CYOtherExpensesAmt |
| PY Total Expenses | $195,303,852 | PYTotalExpensesAmt |
| CY Total Expenses | $190,998,639 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $76,684,415 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $100,236,149 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,139,596,788 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,123,603,375 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,409,549,664 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,292,378,428 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $730,047,124 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $831,224,947 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OPERATED DURING 2021 AS A STATE CHARTERED CREDIT UNION WHOSE PURPOSE IS TO BE THE PREFERRED FINANCIAL INSTITUTION IN THE COMMUNITIES WE SERVE BY PROVIDING FINANCIAL PRODUCTS AND SERVICES WHICH ADD VALUE TO MEMBERS, GUIDED BY CREDIT UNION (CONTINUED ON SCHEDULE O)CO-OPERATIVE VALUES AND SERVICE EXCELLENCE EXPECTATIONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | OPERATED DURING 2021 AS A STATE CHARTERED MUTUALLY OWNED CREDIT UNION THAT PROMOTED THRIFT BY MAINTAINING ACCOUNTS AND ISSUING SHARES RESULTING IN SUPERIOR VALUE. SERVED 283,812 MEMBERS WITH A VARIETY OF DEPOSIT PRODUCTS TOTALING $6,212,311,809. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATED DURING 2021 AS A STATE CHARTERED MUTUALLY OWNED CREDIT UNION THAT MADE LOANS TO ITS MEMBERS AT REASONABLE RATES OF INTEREST. MAINTAINED A LOAN PORTFOLIO COMPOSED OF CONSUMER, MORTGAGE, HOME EQUITY, VISA AND MEMBER BUSINESS LOANS THAT TOTALED $5,515,171,591. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTED ANY SURPLUS NOT REQUIRED FOR LOANS TO EXERCISE THOSE FUNCTIONS DESCRIBED IN THE LAW OF THE STATE OF TENNESSEE AUTHORIZING THE ORGANIZATION OF CREDIT UNIONS THEREBY FURNISHING OTHER COOPERATIVE FINANCIAL SERVICES TO MEMBERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 440076 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1080 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCOTT DAVIS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4235787587 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 MEADOWVIEW LANE | AddressLine1Txt |
| City | KINGSPORT | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37660 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| JEFF ANDERSON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| GARY BASS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE CRAWFORD | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KYLE MACIONE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER WOLFE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| E WAYNE KIRK | ||||||||
| CHAIRMAN OF THE BOARD | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| NORRIS SNEED | ||||||||
| VICE CHAIRMAN OF THE BOARD | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JENNIFER STEWART | ||||||||
| SECRETARY/TREASURER OF THE BOARD | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| KELLY PRICE | ||||||||
| PRESIDENT, CEO | 40.00 | Yes (X) | $933,614 | $0 | $17,092 | Yes (X) | ||
| DARRELL DINSMORE | ||||||||
| SVP, CHIEF ADMINISTRATIVE OFFICER | 40.00 | $404,935 | $0 | $30,672 | Yes (X) | |||
| TONJA FISH | ||||||||
| VP, CHIEF FINANCIAL OFFICER | 40.00 | $402,184 | $0 | $23,044 | Yes (X) | |||
| DEBRA BRIDWELL | ||||||||
| SVP, CHIEF MARKETING / FACILITIES OFFICER | 40.00 | $371,282 | $0 | $25,548 | Yes (X) | |||
| MATT WIMBERLEY | ||||||||
| VP, CHIEF LEGAL OFFICER/GEN. COUNSEL | 40.00 | $297,820 | $0 | $68,737 | Yes (X) | |||
| JEREMIAH LOUNDS | ||||||||
| VP, CHIEF OPERATING OFFICER | 40.00 | $282,893 | $0 | $51,860 | Yes (X) | |||
| MARK MILLWOOD | ||||||||
| VP, CHIEF HUMAN RESOURCE OFFICER | 40.00 | $268,392 | $0 | $49,632 | Yes (X) | |||
| TAMMY LATTURE THROUGH 0521 | ||||||||
| SVP, MEMBER SERVICE/LENDING | 40.00 | $256,107 | $0 | $30,470 | Yes (X) | |||
| DOLLY LINKOUS | ||||||||
| VP, CHIEF LENDING OFFICER | 40.00 | $239,636 | $0 | $28,326 | Yes (X) | |||
| RUSSELL AYSCUE | ||||||||
| VP, CHIEF INFORMATION OFFICER | 40.00 | $205,682 | $0 | $42,569 | Yes (X) | |||
| THOMAS KENNEDY | ||||||||
| DIRECTOR BUSINESS SERVICES | 40.00 | $246,746 | $0 | $52,828 | Yes (X) | |||
| ROBIN WILKERSON | ||||||||
| ENTERPRISE PROJECT MANAGER | 40.00 | $222,363 | $0 | $44,291 | Yes (X) | |||
| DEBORAH BYERS | ||||||||
| REGIONAL DIRECTOR | 40.00 | $193,815 | $0 | $18,387 | Yes (X) | |||
| LINDA COX | ||||||||
| DIRECTOR FACILITIES | 40.00 | $201,303 | $0 | $6,996 | Yes (X) | |||
| MICHELLE CLARK | ||||||||
| DIRECTOR INTERNAL AUDIT | 40.00 | $183,470 | $0 | $13,477 | Yes (X) | |||
| OLAN JONES | ||||||||
| FORMER PRESIDENT/CEO | 40.00 | $104,931 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,815,173 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $503,929 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 91 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GOINS RASH CAIN INC | |||||
| 130 REGIONAL PARK DRIVE | KINGSPORT | TN | 37660 | CONTRACTING/BUILDING SERVICES | $4,538,364 |
| IDSCOM - INTELLIGENT DOCUMENT SOLUTIONS | |||||
| 747 E WHITCOMB AVENUE | MADISON HEIGHTS | MI | 48071 | STATEMENT PROCESSING/MAILING SERVICES | $3,084,666 |
| NCR CORPORATION | |||||
| 864 SPRINGS STREET NW | ATLANTA | GA | 30308 | ONLINE BANKING/BILL PAY SERVICES | $2,248,175 |
| FISERV SOLUTIONS INC | |||||
| PO BOX 934057 | ATLANTA | GA | 311934057 | SOFTWARE SOLUTIONS SERVICES | $2,201,009 |
| MICROSOFT CORPORATION | |||||
| ONE WAY MICROSOFT | REDMOND | WA | 98052 | SOFTWARE SOLUTIONS SERVICES | $1,423,404 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 85 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST INCOME | 522100 | $229,335,017 | $229,335,017 | |
| FEES AND CHARGES | 522100 | $55,208,699 | $54,368,498 | $840,201 |
| OTHER INCOME | 522100 | $4,797,769 | $4,797,769 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $289,341,485 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,645,800 | TotalRevenueColumnAmt |
| Exclusion | $1,645,800 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $190,145 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $190,145 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $190,145 | TotalRevenueColumnAmt |
| Exclusion | $190,145 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $125,755 | SecuritiesAmt |
| Other | $957,186 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $122,898 | SecuritiesAmt |
| Other | $902,685 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,857 | SecuritiesAmt |
| Other | $54,501 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,358 | TotalRevenueColumnAmt |
| Exclusion | $57,358 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $291,234,788 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $288,501,284 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $840,201 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,893,303 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,655,888 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,030,494 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,912,881 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,124,902 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,509,151 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,341,002 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,210 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,236 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $487,084 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,968,906 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,021,138 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,886,209 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,656,610 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,155 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $396,473 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,098,474 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,465,174 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $357,395 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DEPOSIT & LENDING SVCS | $19,406,257 |
| OVERDRAFT FEES EXPENSE | $3,250,000 |
| PROVISION FOR LOAN LOSS | $2,700,000 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,998,639 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,612,740 | BOYAmt |
| EOY | $44,232,301 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $924,041,750 | BOYAmt |
| EOY | $1,372,143,929 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,991,140,317 | BOYAmt |
| EOY | $5,515,171,591 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,987,468 | BOYAmt |
| EOY | $8,918,278 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $153,363,721 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $61,542,975 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,150,475 | BOYAmt |
| EOY | $91,820,746 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,999,891 | BOYAmt |
| EOY | $24,490,502 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,664,147 | BOYAmt |
| EOY | $66,826,028 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,139,596,788 | BOYAmt |
| EOY | $7,123,603,375 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,210,321 | BOYAmt |
| EOY | $71,519,417 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,767,569 | BOYAmt |
| EOY | $8,547,202 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,326,571,774 | BOYAmt |
| EOY | $6,212,311,809 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,409,549,664 | BOYAmt |
| EOY | $6,292,378,428 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $730,047,124 | BOYAmt |
| EOY | $831,224,947 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $730,047,124 | BOYAmt |
| EOY | $831,224,947 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,139,596,788 | BOYAmt |
| EOY | $7,123,603,375 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $100,236,149 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$7,627 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $949,301 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $11,875 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $11,875 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $11,875 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Paid Internal FundsPaidInternalFundsAmt | Contributions Rcvd DlvrContributionsRcvdDlvrAmt |
|---|---|---|---|---|---|---|
| TENNESSEE CREDIT UNION LEAGUE PAC | ||||||
| PO BOX 21550 | CHATTANOOGA | TN | 37424 | 462728395 | $1,000 | $0 |
| CUNA NATIONAL ADVOCACY FUND | ||||||
| 99 M STREET SE NO 300 | WASHINGTON | DC | 20003 | 237065623 | $10,875 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | EASTMAN CREDIT UNION CONTRIBUTES $250 PER QUARTER TO THE TENNESSEE CREDIT UNION LEAGUE PAC. EASTMAN CREDIT UNION CONTRIBUTED $10,875 TO THE CUNA NATIONAL ADVOCACY FUND. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,851,782 | OtherCostOrOtherBasisAmt |
| Book Value | $22,851,782 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $87,881,391 | OtherCostOrOtherBasisAmt |
| Depreciation | $29,586,952 | DepreciationAmt |
| Book Value | $58,294,439 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,535,987 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,023,401 | DepreciationAmt |
| Book Value | $512,586 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,789,573 | OtherCostOrOtherBasisAmt |
| Depreciation | $29,932,622 | DepreciationAmt |
| Book Value | $7,856,951 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,304,988 | OtherCostOrOtherBasisAmt |
| Book Value | $2,304,988 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $91,820,746 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | STATE CHARTERED CREDIT UNION DEPOSITS | Desc |
| Amt | $6,212,311,809 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,212,311,809 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | ECU MAINTAINS ESCROW ACCOUNTS ON THE LOANS IN THE MORTGAGE PORTFOLIO FOR PAYMENT OF PROPERTY TAXES AND HOMEOWNER'S INSURANCE. THE ACCOUNTS ARE TREATED AS OTHER DEPOSIT ACCOUNTS AND EARN INTEREST AT THE REGULAR SHARE ACCOUNT RATE AS LONG AS THE ESCROW BALANCE IS POSITIVE. AMOUNTS ARE DEPOSITED MONTHLY AND PAYMENTS ARE MADE AS NECESSARY DURING THE YEAR. ESCROWS ARE "TRUED" ONCE A YEAR TO PREVENT EXCESS OR CORRECT SHORT-FALLS. |
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. MANAGEMENT OF THE CREDIT UNION BELIEVES THERE WAS NO UNRELATED BUSINESS INCOME TAX (UBIT) FOR THE YEARS ENDED DECEMBER 31, 2021 OR 2020. HOWEVER, THE CREDIT UNION MAY BE SUBJECT TO UBIT, AS THERE IS UNCERTAINTY REGARDING WHETHER THE CREDIT UNION SHOULD PAY INCOME TAXES ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES AS FURTHER DISCUSSED IN NOTE 9 OF FINANCIAL STATEMENTS. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. THE CREDIT UNION FILES EXEMPT ORGANIZATION AND UNRELATED BUSINESS INCOME TAX RETURNS WITH THE FEDERAL JURISDICTION. NOTE 9 - THE INTERNAL REVENUE SERVICE (IRS) AND CERTAIN STATE TAXING AUTHORITIES ARE CURRENTLY REVISITING WHAT, IF ANY, PRODUCTS AND SERVICES PROVIDED BY CREDIT UNIONS ARE SUBJECT TO UBIT. THERE IS CURRENTLY VERY LITTLE GUIDANCE IN THE IRC ON WHAT ACTIVITIES SHOULD BE SUBJECT TO UBIT. THE IRS HAS INDICATED THEY ARE STUDYING THE ISSUE AND MAY ISSUE ADDITIONAL GUIDANCE. AS A RESULT, AT THIS TIME THERE IS UNCERTAINTY REGARDING WHETHER THE CREDIT UNION SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR CERTAIN POTENTIAL TAXABLE ACTIVITIES. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (34 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| BALLAD HEALTH FOUNDATION | ||||||||
| 1019 W OAKLAND AVENUE SUITE 2 | JOHNSON CITY | TN | 37604 | 581594191 | 501(C)(3) | $1,271,965 | $0 | BLOODMOBILE SPONSORSHIP, PROJECT SPONSORSHIP, AND EVENT SPONSORSHIP |
| BARTER THEATRE | ||||||||
| PO BOX 867 | ABINGDON | VA | 24212 | 546000120 | 501(C)(3) | $30,000 | $0 | ANNUAL SPONSORSHIP |
| BAYS MOUNTAIN PARK AND PLANETARIUM | ||||||||
| 853 BAYS MOUNTAIN PARK RD | KINGSPORT | TN | 37660 | 621042329 | 501(C)(3) | $15,000 | $0 | PROJECT SPONSORSHIP |
| BIRTHPLACE OF COUNTRY MUSIC | ||||||||
| PO BOX 1927 | BRISTOL | VA | 24203 | 621580405 | 501(C)(3) | $25,000 | $0 | EVENT SPONSORSHIP |
| BOONES CREEK HISTORICAL TRUST | ||||||||
| 632 HALES CHAPEL ROAD | GRAY | TN | 37615 | 800288021 | 501(C)(3) | $35,000 | $0 | PROJECT SPONSORSHIP |
| BOYS & GIRLS CLUB OF THE BIG PINES | ||||||||
| PO BOX 2041 | MARSHALL | TX | 75671 | 752318241 | 501(C)(3) | $10,000 | $0 | GENERAL CONTRIBUTION |
| CITY OF KINGSPORT | ||||||||
| 415 BROAD STREET | KINGSPORT | TN | 37660 | 626000323 | GOVERNMENT | $30,000 | $0 | PROJECT SPONSORSHIP |
| COALITION FOR KIDS INC | ||||||||
| PO BOX 3156 | JOHNSON CITY | TN | 37602 | 621765487 | 501(C)(3) | $25,000 | $0 | GENERAL CONTRIBUTION |
| COVENANT COUNSELING CENTER | ||||||||
| PO BOX 1323 | KINGSPORT | TN | 37662 | 471983943 | 501(C)(3) | $7,500 | $0 | "PATH TO HOPE: BREAKING DOWN BARRIERS" PROGRAM |
| ETSU FOUNDATION | ||||||||
| PO BOX 70721 | JOHNSON CITY | TN | 37614 | 237092731 | 501(C)(3) | $362,500 | $0 | ARTS INITIATIVE |
| FRONTIER HEALTH FOUNDATION | ||||||||
| PO BOX 9054 | GRAY | TN | 37615 | 461432508 | 501(C)(3) | $8,500 | $0 | GENERAL CONTRIBUTION AND EVENT SPONSORSHIP |
| GIRLS INC OF KINGSPORT | ||||||||
| 1100 GIRLS PLACE/PO BOX 891 | KINGSPORT | TN | 37662 | 626064042 | 501(C)(3) | $8,088 | $0 | CAPITAL CAMPAIGN, GENERAL CONTRIBUTION, AND EVENT SPONSORSHIP |
| GREATER KINGSPORT FAMILY YMCA | ||||||||
| 1840 MEADOWVIEW PARKWAY | KINGSPORT | TN | 37660 | 581564232 | 501(C)(3) | $15,000 | $0 | CAPITAL CAMPAIGN |
| HOPE TRI-CITIES | ||||||||
| PO BOX 7632 | KINGSPORT | TN | 37664 | 461500067 | 501(C)(3) | $6,000 | $0 | ASSIST WITH ORGANIZATION'S RENT (1 YEAR) |
| HOLSTON ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH INC - CAMP BAYS | ||||||||
| PO BOX 3706 | KINGSPORT | TN | 37664 | 626045878 | 501(C)(3) | $20,539 | $0 | KITCHEN EQUIPMENT |
| JOHNSON CITY CHAMBER OF COMMERCE | ||||||||
| 603 E MARKET STREET | JOHNSON CITY | TN | 37601 | 620252764 | 501(C)(6) | $151,000 | $0 | EVENT SPONSORSHIP AND GENERAL ASSISTANCE |
| KEYSTONE DENTAL | ||||||||
| 603 BERT STREET BOX 12 | JOHNSON CITY | TN | 37601 | 621762300 | 501(C)(3) | $9,000 | $0 | GENERAL CONTRIBUTION |
| KINGSPORT CHAMBER OF COMMERCE | ||||||||
| 400 CLINCHFIELD STREET SUITE 100 | KINGSPORT | TN | 37660 | 620446834 | 501(C)(6) | $16,975 | $0 | EVENT SPONSORSHIP AND GENERAL ASSISTANCE |
| KINGSPORT CHAMBER OF COMMERCE FOUNDATION | ||||||||
| 400 CLINCHFIELD STREET SUITE 100 | KINGSPORT | TN | 37660 | 581453565 | 501(C)(3) | $26,000 | $0 | EVENT SPONSORSHIP AND GENERAL ASSISTANCE |
| K-PLAY SPORTS COUNCIL INC | ||||||||
| 400 CLINCHFIELD STREET SUITE 100 | KINGSPORT | TN | 37660 | 412045125 | 501(C)(3) | $100,000 | $0 | PROJECT SPONSORSHIP |
| LONGVIEW ARBORETUM & NATURE CENTER | ||||||||
| 706 W COTTON STREET | LONGVIEW | TX | 75604 | 461383538 | 501(C)(3) | $29,500 | $0 | EVENT SPONSORSHIP AND PROJECT SPONSORSHIP |
| LONGVIEW CHAMBER OF COMMERCE | ||||||||
| 410 N CENTER STREET | LONGVIEW | TX | 75601 | 750400490 | 501(C)(6) | $25,000 | $0 | GENERAL ASSISTANCE |
| NEWGATE MISSION | ||||||||
| 207 S MOBBERLY AVENUE | LONGVIEW | TX | 75602 | 752663844 | 501(C)(3) | $10,000 | $0 | PROJECT SPONSORSHIP |
| PETWORKS ANIMAL SERVICES | ||||||||
| 3101 E STONE DRIVE | KINGSPORT | TN | 37660 | 371624021 | 501(C)(3) | $50,000 | $0 | CAPITAL CAMPAIGN |
| PROVIDENCE MEDICAL CLINIC | ||||||||
| 441 CLAY STREET | KINGSPORT | TN | 37660 | 264547646 | 501(C)(3) | $20,000 | $0 | GENERAL CONTRIBUTION |
| SALVATION ARMY OF KINGSPORT | ||||||||
| 505 DALE STREET | KINGSPORT | TN | 37660 | 580660607 | 501(C)(3) | $6,708 | $0 | RED KETTLE MATCH |
| SYMPHONY OF THE MOUNTAINS | ||||||||
| 1200 E CENTER STREET/PO BOX 13 | KINGSPORT | TN | 37660 | 620534228 | 501(C)(3) | $10,000 | $0 | SEASON SPONSOR |
| UNITED WAY OF BRISTOL TNVA | ||||||||
| PO BOX 696 | BRISTOL | TN | 37621 | 620476656 | 501(C)(3) | $7,000 | $0 | GENERAL CONTRIBUTION |
| UNITED WAY OF EAST TN HIGHLANDS | ||||||||
| 1907 N ROAN STREET SUITE 409 | JOHNSON CITY | TN | 37601 | 626001105 | 501(C)(3) | $17,500 | $0 | GENERAL CONTRIBUTION |
| UNITED WAY OF GREATER KINGSPORT | ||||||||
| 301 LOUIS STREET SUITE 201 | KINGSPORT | TN | 37660 | 620481461 | 501(C)(3) | $20,000 | $0 | GENERAL CONTRIBUTION |
| UNITED WAY OF HAWKINS COUNTY | ||||||||
| 405 S ARMSTRONG RD SUITE B | ROGERSVILLE | TN | 37857 | 620731420 | 501(C)(3) | $7,000 | $0 | GENERAL CONTRIBUTION |
| UNITED WAY OF SOUTHWEST VIRGINIA | ||||||||
| PO BOX 644 | ABINGDON | VA | 24212 | 540718860 | 501(C)(3) | $7,000 | $0 | GENERAL CONTRIBUTION |
| YMCA OF BRISTOL | ||||||||
| 400 MARTIN LUTHER KING JR BLVD | BRISTOL | TN | 37620 | 620521204 | 501(C)(3) | $8,333 | $0 | CAPITAL CAMPAIGN |
| YWCA NORTHEAST TNSW VA | ||||||||
| 106 STATE STREET | BRISTOL | TN | 37620 | 620488044 | 501(C)(3) | $80,000 | $0 | GENERAL ASSISTANCE AND CAPITAL CAMPAIGN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 31 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS WILL BE RESEARCHED BY THE ECU STAFF, APPROVED BY THE CEO/PRESIDENT AND REPORTED TO THE BOARD OF DIRECTORS ANNUALLY. ECU MAINTAINS RECORDS SUBSTANTIATING AMOUNTS PAID TO QUALIFYING ORGANIZATIONS AND CONFIRMS THE EXEMPT STATUS OF THE GRANTEE. ECU DOES NOT MONITOR THE FUNDS USE, AS USE OF FUNDS IS AT THE DISCRETION OF THE GRANTEE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KELLY PRICE | ||||||||||||||
| PRESIDENT, CEO | $601,521 | $0 | $319,125 | $0 | $12,968 | $0 | -$8,100 | $0 | $25,192 | $0 | $950,706 | $0 | $0 | $0 |
| DARRELL DINSMORE | ||||||||||||||
| SVP, CHIEF ADMINISTRATIVE OFFICER | $314,667 | $0 | $86,656 | $0 | $3,612 | $0 | $11,900 | $0 | $18,772 | $0 | $435,607 | $0 | $0 | $0 |
| TONJA FISH | ||||||||||||||
| VP, CHIEF FINANCIAL OFFICER | $315,478 | $0 | $84,774 | $0 | $1,932 | $0 | $12,900 | $0 | $10,144 | $0 | $425,228 | $0 | $0 | $0 |
| DEBRA BRIDWELL | ||||||||||||||
| SVP, CHIEF MARKETING / FACILITIES OF | $282,901 | $0 | $77,712 | $0 | $10,669 | $0 | $14,900 | $0 | $10,648 | $0 | $396,830 | $0 | $0 | $0 |
| MATT WIMBERLEY | ||||||||||||||
| VP, CHIEF LEGAL OFFICER/GEN. COUNSEL | $231,127 | $0 | $65,291 | $0 | $1,402 | $0 | $44,155 | $0 | $24,582 | $0 | $366,557 | $0 | $0 | $0 |
| JEREMIAH LOUNDS | ||||||||||||||
| VP, CHIEF OPERATING OFFICER | $220,920 | $0 | $61,133 | $0 | $840 | $0 | $27,278 | $0 | $24,582 | $0 | $334,753 | $0 | $0 | $0 |
| MARK MILLWOOD | ||||||||||||||
| VP, CHIEF HUMAN RESOURCE OFFICER | $206,414 | $0 | $58,366 | $0 | $3,612 | $0 | $26,100 | $0 | $23,532 | $0 | $318,024 | $0 | $0 | $0 |
| TAMMY LATTURE THROUGH 0521 | ||||||||||||||
| SVP, MEMBER SERVICE/LENDING | $253,193 | $0 | $0 | $0 | $2,914 | $0 | $11,220 | $0 | $19,250 | $0 | $286,577 | $0 | $0 | $0 |
| DOLLY LINKOUS | ||||||||||||||
| VP, CHIEF LENDING OFFICER | $204,784 | $0 | $31,290 | $0 | $3,562 | $0 | $8,249 | $0 | $20,077 | $0 | $267,962 | $0 | $0 | $0 |
| RUSSELL AYSCUE | ||||||||||||||
| VP, CHIEF INFORMATION OFFICER | $174,506 | $0 | $26,005 | $0 | $5,171 | $0 | $20,037 | $0 | $22,532 | $0 | $248,251 | $0 | $0 | $0 |
| THOMAS KENNEDY | ||||||||||||||
| DIRECTOR BUSINESS SERVICES | $208,778 | $0 | $34,356 | $0 | $3,612 | $0 | $27,246 | $0 | $25,582 | $0 | $299,574 | $0 | $0 | $0 |
| ROBIN WILKERSON | ||||||||||||||
| ENTERPRISE PROJECT MANAGER | $179,478 | $0 | $32,228 | $0 | $10,657 | $0 | $24,210 | $0 | $20,081 | $0 | $266,654 | $0 | $0 | $0 |
| DEBORAH BYERS | ||||||||||||||
| REGIONAL DIRECTOR | $160,030 | $0 | $28,819 | $0 | $4,966 | $0 | -$1,119 | $0 | $19,506 | $0 | $212,202 | $0 | $0 | $0 |
| LINDA COX | ||||||||||||||
| DIRECTOR FACILITIES | $167,158 | $0 | $29,124 | $0 | $5,021 | $0 | -$994 | $0 | $7,990 | $0 | $208,299 | $0 | $0 | $0 |
| MICHELLE CLARK | ||||||||||||||
| DIRECTOR INTERNAL AUDIT | $153,367 | $0 | $26,686 | $0 | $3,417 | $0 | -$954 | $0 | $14,431 | $0 | $196,947 | $0 | $0 | $0 |
| OLAN JONES | ||||||||||||||
| FORMER PRESIDENT/CEO | $104,931 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $104,931 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE CREDIT UNION'S EXPENSE POLICY INCLUDES AN ACCOUNTABLE PLAN WHEREBY BUSINESS EXPENSES ARE PAID BY THE CREDIT UNION AND WHEREBY ANY PERMISSIBLE TRAVEL FOR COMPANIONS PERMITTED BY STATE AND FEDERAL CREDIT UNION REGULATIONS ARE INCLUDED AS INCOME TO THE OFFICIAL. |
| PART II, COLUMN (C): | SCHEDULE J PART II, COLUMN (C) SHOWS NEGATIVE AMOUNTS DUE TO ACTUARIAL DECREASES IN VALUES AS REQUIRED TO BE REPORTED PER IRS INSTRUCTIONS FOR FORM 990, PART VII. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | EASTMAN CREDIT UNION IS A MEMBER OWNED NON-PROFIT TAX EXEMPT CORPORATION IN WHICH EACH MEMBER OWNS AN EQUAL SHARE. |
| FORM 990, PART VI, SECTION A, LINE 7A | AT THE ANNUAL MEETING OF THE MEMBERS, EASTMAN CREDIT UNION'S MEMBERS ELECT INDIVIDUALS FROM THE CREDIT UNION'S MEMBERSHIP TO SERVE ON THE BOARD OF DIRECTORS FOR THREE YEAR TERMS. IN THE EVENT THERE IS A VACANCY ON THE BOARD, THE DIRECTORS MAY APPOINT AN INTERIM MEMBER TO SERVE OUT THE TERM OF THE VACANT BOARD POSITION. |
| FORM 990, PART VI, SECTION A, LINE 7B | EASTMAN CREDIT UNION'S MEMBERS HAVE THE RIGHT TO VOTE, ON A PER CAPITA BASIS, ON DISSOLUTION OF THE CREDIT UNION, MERGER WITH ANOTHER CREDIT UNION, EXPULSION OF A MEMBER, CONVERSION FROM A STATE TO A FEDERALLY CHARTERED CREDIT UNION, CONVERSION TO ANOTHER TYPE OF FINANCIAL INSTITUTION, OR TO OVERRULE A DECISION OF THE CREDIT UNION'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | EASTMAN CREDIT UNION'S FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND THEN REVIEWED BY ECU'S CEO, CFO, VP, CHIEF LEGAL OFFICER AND GENERAL COUNSEL, VP, CHIEF HUMAN RESOURCE OFFICER, AND CONTROLLER. A COMPLETE COPY OF THIS FORM 990 IS PROVIDED TO ALL MEMBERS OF THE ECU BOARD OF DIRECTORS BEFORE FILING THE FORM. |
| FORM 990, PART VI, SECTION B, LINE 12C | PRIOR TO EMPLOYMENT ALL EMPLOYEES AND OFFICERS OF EASTMAN CREDIT UNION ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST AND MUST AGREE TO UPDATE THE DISCLOSURE IN THE EVENT ANY CONFLICTS ARISE SUBSEQUENT TO EMPLOYMENT. PRIOR TO SERVING ON THE BOARD OF DIRECTORS, ALL PROSPECTIVE BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. ALL EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO REQUIRED TO COMPLETE AN UPDATED DISCLOSURE AT LEAST ANNUALLY. IT IS THE RESPONSIBILITY OF THE PRESIDENT OR CHAIR OF THE BOARD OF DIRECTORS TO DETERMINE THE RESOLUTION OF ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. MEMBERS OF THE BOARD OF DIRECTORS DO NOT PARTICIPATE IN THE DELIBERATIONS OR VOTING ON MATTERS WHERE AN ACTUAL OR APPARENT CONFLICT OF INTEREST EXISTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | EASTMAN CREDIT UNION ANNUALLY PARTICIPATES IN EXECUTIVE COMPENSATION SURVEYS OF REPUTABLE COMPENSATION CONSULTANTS BY PROVIDING CURRENT BASE AND TOTAL COMPENSATION INFORMATION OF THE ECU OFFICERS. THE CONSULTING GROUPS FOCUS ON COMPARATIVE COMPENSATION INFORMATION WITHIN THE CREDIT UNION INDUSTRY. AS A RESULT OF PARTICIPATION, ECU RECEIVES DATA COMPILATION REPORTS AND ANALYSES FROM THE STUDIES CONDUCTED BY THESE COMPENSATION EXPERTS. RANKING AND COMPARATIVE INFORMATION FOR EACH RELEVANT POSITION IS PROVIDED IN BOTH STUDIES. ECU STUDIES AND UTILIZES PEER GROUP INFORMATION RELATIVE TO ECU'S ASSET SIZE AS BENCHMARK DATA. EASTMAN CREDIT UNION WORKS WITH CONSULTANTS FROM EACH RESPECTIVE CONSULTING FIRM TO OBTAIN SPECIAL DATA CUTS, CLARIFYING INFORMATION, AND ADVICE REGARDING MATCHING OF ECU POSITIONS TO BENCHMARK JOBS, INDUSTRY AVERAGE INCREASE IN EXECUTIVE COMPENSATION, AND OTHER INFORMATION RELATED TO EXECUTIVE BASE AND TOTAL COMPENSATION FACTORS. THE VICE PRESIDENT OF HUMAN RESOURCES PROVIDES A RECAP OF COMPENSATION STUDY INFORMATION IN A PRESENTATION FORMAT DURING A MEETING OF THE COMPENSATION COMMITTEE (SUBCOMMITTEE OF THE ECU BOARD OF DIRECTORS). THE COMPENSATION COMMITTEE REVIEWS THE DATA AND DISCUSSES AND PRESENTS QUESTIONS RELATED TO THE INFORMATION PROVIDED. WHEN NECESSARY, THE VP, CHIEF HUMAN RESOURCE OFFICER WILL FOLLOW UP WITH COMPENSATION CONSULTANTS FOR ADDITIONAL INFORMATION TO BE PRESENTED FOR DISCUSSION AND CONSIDERATION. THE COMPENSATION COMMITTEE APPROVES AN AVERAGE SALARY INCREASE FOR THE CEO'S DIRECT REPORTS AND AUTHORIZES THE CEO TO AWARD INDIVIDUAL SALARY INCREASES ACCORDINGLY. FINAL AWARDS ARE DOCUMENTED AND SIGNED BY BOTH THE CEO AND THE CHAIR OF THE COMPENSATION COMMITTEE. THIS DOCUMENT IS SUBMITTED TO PAYROLL VIA THE VP, CHIEF HUMAN RESOURCE OFFICER. THE COMPENSATION COMMITTEE MEETS IN EXECUTIVE SESSION TO FURTHER CONSIDER COMPENSATION DATA FOR THE CEO. FINAL AWARD IS DOCUMENTED AND SIGNED AS APPROVED BY THE CHAIR OF THE COMPENSATION COMMITTEE. THIS DOCUMENT IS SUBMITTED TO PAYROLL VIA THE VP, CHIEF HUMAN RESOURCE OFFICER. ORIGINAL DOCUMENTS ARE MAINTAINED ON FILE IN THE HUMAN RESOURCES DEPARTMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND OTHER RECORDS AND POLICIES OF ECU ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. ECU MEMBERS ARE ENTITLED TO INSPECT CERTAIN RECORDS OF THE CREDIT UNION AFTER COMPLYING WITH THE REQUIREMENTS OF STATE LAW. FINANCIAL INFORMATION IS POSTED ON ECU'S WEBSITE AND PUBLISHED IN THE ANNUAL REPORT. |
| FORM 990, PART XI, LINE 9: | NET DEFINED BENEFIT PENSION PLAN COST ADJUSTMENT 1,035,514. NET POST-RETIREMENT BENEFIT PLAN COST ADJUSTMENT -86,213. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECU TITLE SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 S WILCOX DR | AddressLine1Txt |
| City | KINGSPORT | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37660 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464133177 | EIN |
| Primary Activities | TITLE AND ESCROW SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Total Income | $410,859 | TotalIncomeAmt |
| End Of Year Assets | $3,893,171 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EASTMAN CREDIT UNION | BusinessNameLine1Txt |
Comments