STATE CHARTERED CREDIT UNIONS INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- STATE CHARTERED CREDIT UNIONS INC (EIN 56-0475645)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-10
- IRS object ID
- 201311309349301021
- Schema version
- 2011v1.5
- 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) |
|---|---|---|
| Timestamp | 2013-05-10T07:44:54-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9515 DEERECO RD - SUITE 500 | AddressLine1 |
| City | TIMONIUM | City |
| State | MD | State |
| ZIP Code | 210932184 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560475645 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE EMPLOYEES' CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | STAT | NameControl |
| Phone | 9198395000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WADE AVENUE | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 276051157 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL J LORD | Name |
| Title | SVP - FINANCE & ACCOUNTING | Title |
| Phone | 9198395000 | Phone |
| Date Signed | 2013-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELISSA DYER CPA | Name |
| PTIN | P01222987 | PTIN |
| Phone | 4104530900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JAMES C BLAINE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WADE AVENUE | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 276051157 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 15592051306 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.NCSECU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1937 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | AS A FINANCIAL COOPERATIVE OWNED BY OUR MEMBERS, OUR MISSION IS TO IMPROVE THE ECONOMIC LIFE AND SOCIAL CONDITION OF MEMBERS TO ENCOURAGE THRIFT, TO PROVIDE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND TO BROADEN THE ECONOMIC AWARENESS OF MEMBERS THROUGH PROGRAMS OF CONSUMER PROTECTION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4986 | TotalNbrEmployees |
| Total Nbr Volunteers | 3352 | TotalNbrVolunteers |
| Total Gross UBI | 34544231 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -30191531 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 792315907 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 800509405 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 235255316 | InvestmentIncomePriorYear |
| Investment Income Current Year | 146827611 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1027571223 | TotalRevenuePriorYear |
| Total Revenue Current Year | 947337016 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 249038249 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 250320206 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 587503097 | OtherExpensePriorYear |
| Other Expenses Current Year | 525258221 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 836541346 | TotalExpensesPriorYear |
| Total Expenses Current Year | 775578427 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 191029877 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 171758589 | RevenuesLessExpensesCY |
| Total Assets BOY | 23061232954 | TotalAssetsBOY |
| Total Assets EOY | 25097413322 | TotalAssetsEOY |
| Total Liabilities BOY | 21404794165 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 23291853584 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1656438789 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1805559738 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | AS A FINANCIAL COOPERATIVE OWNED BY OUR MEMBERS, OUR MISSION IS TO IMPROVE THE ECONOMIC LIFE AND SOCIAL CONDITION OF MEMBERS, TO ENCOURAGE THRIFT, TO PROVIDE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND TO BROADEN THE ECONOMIC AWARENESS OF MEMBERS THROUGH PROGRAMS OF CONSUMER PROTECTION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 775578427 | Expense |
| Revenue | 912792785 | Revenue |
| Description | THE STATE EMPLOYEES' CREDIT UNION IS OWNED BY OUR 1.8 MILLION MEMBERS. SECU PROVIDES SERVICES TO OUR MEMBERS THROUGH 245 BRANCH OFFICES, OVER 1,100 ATMS, 24/7 CONTACT CENTERS AND A WEBSITE - WWW.NCSECU.ORG. AS A CREDIT UNION, MEMBERS DEPOSIT FUNDS INTO SHARE ACCOUNTS WHICH ARE THEN LOANED TO OTHER MEMBERS. THE CREDIT UNION OFFERS SHARE ACCOUNTS OF VARIOUS TYPES: MEMBERSHIP SHARES, SHARE DRAFTS, MONEY MARKET SHARES, IRA SHARES AND SHARE TERM CERTIFICATES. LOANS TO MEMBERS CONSIST OF MORTGAGE, HOME EQUITY, AUTO AND OTHER CONSUMER LOANS. AT JUNE 30, 2012, THERE WERE 469,000 PERSONAL LOANS AND 131,000 FIRST AND SECOND MORTGAGE LOANS OUTSTANDING. THE CREDIT UNION RECEIVED $912,792,785 IN REVENUES FROM INTEREST ON LOANS, INTEREST ON INVESTMENTS AND OTHER NON INTEREST SOURCES DURING THE YEAR ENDING JUNE 30, 2012. THE COST OF PROVIDING SERVICES TO CREDIT UNION MEMBERS WAS $775,578,427 FOR THE YEAR. THE COST OF SERVICES CONSISTS OF INTEREST PAID ON SHARE ACCOUNTS, SALARIES, BUILDING EXPENSES, EQUIPMENT EXPENSES AND OTHER OPERATIONAL EXPENSES. | Description |
| Total Program Service Expense | 775578427 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 999999 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 4986 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9198395084 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WADE AVENUE | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 276051157 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JIM BARBER | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| MCKINLEY WOOTEN | ||||||||
| DIRECTOR, CHAIRMAN | 5.00 | X | 0 | 0 | 0 | X | ||
| JIM JOHNSON | ||||||||
| DIRECTOR, VICE-CHAIRMAN | 5.00 | X | 0 | 0 | 0 | X | ||
| KARAN BUNN | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| TOM KING | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| DAVID KING | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| BOB PARKER | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| CYNTHIA JOLLY | ||||||||
| DIRECTOR, SECRETARY/TREASURER | 5.00 | X | 0 | 0 | 0 | X | ||
| JOANNE SANFORD | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| BOB BRINSON | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| SHIRLEY BELL | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| JAMES C BLAINE | ||||||||
| PRESIDENT | 40.00 | 745992 | 0 | 12240 | X | |||
| ROBERT S HALL | ||||||||
| SR EXECUTIVE VP | 40.00 | 383667 | 0 | 29970 | X | |||
| MICHAEL J LORD | ||||||||
| SR VP - FINANCE AND ACCT | 40.00 | 236593 | 0 | 34401 | X | |||
| SUE A DOUGLAS | ||||||||
| SR VP | 40.00 | 193738 | 0 | 28475 | X | |||
| MARK TWISDALE | ||||||||
| SR VP/HR | 40.00 | 221075 | 0 | 42004 | X | |||
| CHRIS AYER | ||||||||
| SR VP/INFORMATION SERVICES | 40.00 | 193355 | 0 | 34624 | X | |||
| PHIL GREER | ||||||||
| SR VP/LOAN ADMINISTRATION | 40.00 | 204186 | 0 | 23706 | X | |||
| RANDY PARTIN | ||||||||
| SR VP/AUDIT SERVICES | 40.00 | 203854 | 0 | 36411 | X | |||
| JERRY HARMON | ||||||||
| SR VP/LOAN ADMINISTRATION | 40.00 | 171670 | 0 | 32120 | X | |||
| WALLACE W UMPHLETT | ||||||||
| SR VP/FINANCIAL SERVICES | 40.00 | 208560 | 0 | 33938 | X | |||
| EDWARD T HOFFMAN JR | ||||||||
| SR VP/DISTRICT | 40.00 | 182870 | 0 | 24853 | X | |||
| THOMAS K MARION | ||||||||
| SR VP/DISTRICT | 40.00 | 180108 | 0 | 23091 | X | |||
| JOSEPH M BANKS | ||||||||
| SR VP/DISTRICT | 40.00 | 174826 | 0 | 25687 | X | |||
| RANDALL WELBORN | ||||||||
| SR VP/DISTRICT | 40.00 | 175142 | 0 | 31860 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3475636 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 413380 | TotalOtherCompensation |
| Number Individuals GT100 K | 14 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CLANCY & THEYS CONSTRUCTION CO | |||||
| PO BOX 27608 | RALEIGH | NC | 27603 | CONSTRUCTION | 17684283 |
| AR CHESSON CONSTRUCTION CO | |||||
| PO BOX 1147 | WILLIAMSTON | NC | 27892 | CONSTRUCTION | 4561487 |
| KOURY CONTRUCTION SERVICE | |||||
| 400 FOUR SEASONS TOWN CENTRE | GREENSBORO | NC | 27407 | CONSTRUCTION | 2289019 |
| LECHASE CONSTRUCTION SERVICES | |||||
| 2820 SELWYN AVE SUITE 5002820 SE | CHARLOTTE | NC | 28209 | CONSTRUCTION | 1726636 |
| RL CASEY INC | |||||
| 4916 BARTLETT STREET | GREENSBORO | NC | 27409 | CONSTRUCTION | 1226718 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 50 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS - RE | 522100 | 504232251 | 504232251 | |
| INTEREST ON PERSONAL L | 522100 | 150265693 | 150265693 | |
| INTERCHANGE FEES | 522100 | 80995070 | 80995070 | |
| NON-MEMBER FEES | 541200 | 34544231 | 34544231 | |
| DEMAND DEPOSIT PROCESS | 522100 | 13590330 | 13590330 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16881830 | TotalRevenueColumn |
| Related Or Exempt Function Income | 16881830 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 800509405 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 48755093 | TotalRevenueColumn |
| Related Or Exempt Function Income | 48755093 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14700562679 | Securities |
| Other | 42224129 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14604246891 | Securities |
| Other | 40467399 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 96315788 | Securities |
| Other | 1756730 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 98072518 | TotalRevenueColumn |
| Related Or Exempt Function Income | 98072518 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 947337016 | TotalRevenueColumn |
| Related Or Exempt Function Income | 912792785 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 34544231 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3905963 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 181663966 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17143025 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32777106 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14830146 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 216168 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 369544 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1242477 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21769860 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6013436 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25010137 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2515684 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 355446 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 271068084 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34529337 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 253509 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 57000000 |
| EQUIPMENT REPAIR AND MA | 28840148 |
| CARD PROCESSING FEES | 24920871 |
| NCUSIF INSURANCE EXPENS | 24597707 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26555813 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 775578427 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 495257368 | BOY |
| EOY | 371148393 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3174313059 | BOY |
| EOY | 9060683353 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13419655833 | BOY |
| EOY | 13353901392 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13906783 | BOY |
| EOY | 13471323 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 855283931 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 303980640 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 497197984 | BOY |
| EOY | 551303291 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4924621094 | BOY |
| EOY | 1211625000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 236102469 | BOY |
| EOY | 226963861 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 300178364 | BOY |
| EOY | 308316709 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23061232954 | BOY |
| EOY | 25097413322 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25362333 | BOY |
| EOY | 25959243 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102016809 | BOY |
| EOY | 113570360 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21277415023 | BOY |
| EOY | 23152323981 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21404794165 | BOY |
| EOY | 23291853584 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1656438789 | BOY |
| EOY | 1805559738 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1656438789 | BOY |
| EOY | 1805559738 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23061232954 | BOY |
| EOY | 25097413322 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 171758589 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -22637640 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 154053042 | InvestmentCostOrOtherBasis |
| Book Value | 154053042 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 432242386 | InvestmentCostOrOtherBasis |
| Depreciation | 97930571 | Depreciation |
| Book Value | 334311815 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 9232395 | InvestmentCostOrOtherBasis |
| Depreciation | 8728988 | Depreciation |
| Book Value | 503407 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 259756108 | InvestmentCostOrOtherBasis |
| Depreciation | 197321081 | Depreciation |
| Book Value | 62435027 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 551303291 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBER DEPOSITS | $23,107,388,591 |
| OTHER LIABILITIES | $44,935,390 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 23152323981 | TotalOfAmounts |
| Total Revenue | 947337016 | TotalRevenue |
| Total Expenses | 775578427 | TotalExpenses |
| Excess Or Deficit For Year | 171758589 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -22637640 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -22637640 | TotalAdjustments |
| Excess Or Deficit Per FS | 149120949 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 945872602 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 385738 | OtherRevenues |
| Revenue Not Rptd F990 | 385738 | RevenueNotRptdF990 |
| Revenue Subtotal | 945486864 | RevenueSubtotal |
| Other Revenues Not Included | 1850152 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1850152 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 947337016 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 774152499 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 424224 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 424224 | ExpensesNotRptdF990 |
| Expenses Subtotal | 773728275 | ExpensesSubtotal |
| Other Expenses Not Included | 1850152 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1850152 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 775578427 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS ON MEMBERS' FIRST MORTGAGE LOANS AS A SERVICE TO OUR MEMBERS. INTEREST IS PAID AT A SAVINGS ACCOUNT RATE AS AN ADDITIONAL BENEFIT. THESE ACCOUNTS ARE FUNDED ON A MONTHLY BASIS BY THE MEMBERS. THE PROCEEDS ARE USED TO PAY THE PROPERTY TAXES AND INSURANCE ON THE REAL PROPERTY SECURED BY THE FIRST MORTGAGE. | |
| REVENUE FROM SUBSIDIARY 292,316. LOSS ON SALE OF FIXED ASSETS 93,422. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| GAIN ON REO 1,850,152. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| EXPENSES FROM SUBSIDIARY 330,802. LOSS ON SALE OF FIXED ASSETS 93,422. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| GAIN ON REO 1,850,152. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (14 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES C BLAINE | |||||||||||||
| 718928 | 0 | 0 | 0 | 27064 | 0 | 0 | 0 | 12684 | 0 | 758676 | 0 | 0 | 0 |
| ROBERT S HALL | |||||||||||||
| 344900 | 0 | 0 | 0 | 38767 | 0 | 22050 | 0 | 8266 | 0 | 413983 | 0 | 0 | 0 |
| MICHAEL J LORD | |||||||||||||
| 204908 | 0 | 0 | 0 | 31685 | 0 | 22281 | 0 | 12372 | 0 | 271246 | 0 | 0 | 0 |
| SUE A DOUGLAS | |||||||||||||
| 146585 | 0 | 0 | 0 | 47153 | 0 | 18435 | 0 | 11428 | 0 | 223601 | 0 | 0 | 0 |
| MARK TWISDALE | |||||||||||||
| 177643 | 0 | 0 | 0 | 43432 | 0 | 21324 | 0 | 21190 | 0 | 263589 | 0 | 0 | 0 |
| CHRIS AYER | |||||||||||||
| 174242 | 0 | 0 | 0 | 19113 | 0 | 18944 | 0 | 17330 | 0 | 229629 | 0 | 0 | 0 |
| PHIL GREER | |||||||||||||
| 180982 | 0 | 0 | 0 | 23204 | 0 | 18810 | 0 | 5148 | 0 | 228144 | 0 | 0 | 0 |
| RANDY PARTIN | |||||||||||||
| 173143 | 0 | 0 | 0 | 30711 | 0 | 19491 | 0 | 17250 | 0 | 240595 | 0 | 0 | 0 |
| JERRY HARMON | |||||||||||||
| 142283 | 0 | 0 | 0 | 29387 | 0 | 16640 | 0 | 15810 | 0 | 204120 | 0 | 0 | 0 |
| WALLACE W UMPHLETT | |||||||||||||
| 177797 | 0 | 0 | 0 | 30763 | 0 | 19874 | 0 | 14394 | 0 | 242828 | 0 | 0 | 0 |
| EDWARD T HOFFMAN JR | |||||||||||||
| 136806 | 0 | 0 | 0 | 46064 | 0 | 17077 | 0 | 8410 | 0 | 208357 | 0 | 0 | 0 |
| THOMAS K MARION | |||||||||||||
| 135544 | 0 | 0 | 0 | 44564 | 0 | 16799 | 0 | 6544 | 0 | 203451 | 0 | 0 | 0 |
| JOSEPH M BANKS | |||||||||||||
| 145439 | 0 | 0 | 0 | 29387 | 0 | 16567 | 0 | 9450 | 0 | 200843 | 0 | 0 | 0 |
| RANDALL WELBORN | |||||||||||||
| 141578 | 0 | 0 | 0 | 33564 | 0 | 16684 | 0 | 15428 | 0 | 207254 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | ROBERT S. HALL, SENIOR EXECUTIVE VICE-PRESIDENT AND SUE A. DOUGLAS, SENIOR VICE-PRESIDENT ARE BROTHER-IN-LAW AND SISTER-IN-LAW. | |
| FORM 990, PART VI, SECTION A, LINE 6 | SECU IS A NON-PROFIT FINANCIAL COOPERATIVE OWNED BY AND OPERATED FOR THE BENEFIT OF ITS 1,772,000 MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | SECU MEMBER/OWNERS ELECT THE BOARD OF DIRECTORS. EACH MEMBER OF THE ORGANIZATION IS ENTITLED TO ONE VOTE. ELEVEN BOARD MEMBERS SERVE THREE YEAR STAGGERED TERMS. ELECTIONS FOR OPEN SEATS ARE HELD EACH YEAR DURING THE ANNUAL MEMBERS' MEETING. | |
| FORM 990, PART VI, SECTION A, LINE 7B | SECU MEMBERS HAVE THE RIGHT TO VOTE ON THE MERGER OF THE ORGANIZATION INTO ANOTHER FINANCIAL INSTITUTION, DISSOLUTION OF THE CREDIT UNION, CONVERSION FROM A STATE TO A FEDERALLY CHARTERED CREDIT UNION OR THE CONVERSION TO ANOTHER TYPE OF FINANCIAL INSTITUTION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE RETURN IS COMPLETED BY THE FINANCE AND ACCOUNTING DEPARTMENT STAFF OF THE ORGANIZATION AND REVIEWED BY THE SR VP-FINANCE AND ACCOUNTING AND THE PRESIDENT BEFORE FILING. A COPY OF THE 990 FORM IS MADE AVAILABLE TO THE BOARD OF DIRECTORS AFTER IT IS FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH EMPLOYEE OF THE ORGANIZATION MUST ACKNOWLEDGE HAVING READ THE CODE OF ETHICS ANNUALLY. THE ORGANIZATION PROVIDES A TOLL FREE ANONYMOUS HONOR LINE THROUGH AN OUTSIDE, INDEPENDENT VENDOR. EMPLOYEES ARE ENCOURAGED TO REPORT ALL VIOLATIONS OF THE ETHICS, OPERATIONS, LENDING, AND PERSONNEL POLICIES. ALL INFORMATION RECEIVED THROUGH THE HONOR LINE IS FORWARDED TO AUDIT SERVICES AND HUMAN RESOURCES DEPARTMENTS FOR REVIEW AND ACTION. DETAILS OF ALL REPORTED INCIDENTS AND RESOLUTIONS ARE SHARED WITH SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS ON A MONTHLY BASIS. ALL REPORTS ARE INVESTIGATED THOROUGHLY AND RESOLVED IN A TIMELY MANNER. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS SETS THE SALARY AND BENEFITS OF THE PRESIDENT. A FORMAL ANNUAL REVIEW OF THE PERFORMANCE OF THE PRESIDENT IS CONDUCTED BY THE BOARD OF DIRECTORS. IN ADDITION, A COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS, UTILIZES SURVEYS AND MARKET COMPARISONS OF PEER CREDIT UNIONS AND OTHER FINANCIAL INSTITUTIONS TO BENCHMARK THE COMPENSATION PACKAGE OF THE PRESIDENT. THESE SURVEYS ARE INDEPENDENTLY OBTAINED FROM COMPENSATION CONSULTANTS CONTRACTED BY THE SECU HR DEPARTMENT. THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION SURVEYS, RECOMMENDATIONS OF THE COMPENSATION COMMITTEE, THE PERFORMANCE OF THE PRESIDENT AND THE CREDIT UNION AND SETS THE SALARY AND BENEFITS LEVEL OF THE PRESIDENT. PERIODIC SALARY SURVEYS AND BENCHMARKING ARE LIKEWISE OBTAINED FOR ALL STAFF AND MANAGEMENT POSITIONS OF THE ORGANIZATION. THERE IS NO INCENTIVE OR COMMISSION BASED COMPENSATION FOR ANY EMPLOYEE. ALL EMPLOYEES RECEIVE A SALARY AND SET DOLLAR AMOUNT OF BOARD APPROVED BENEFIT DOLLARS THROUGH A CAFETERIA PLAN. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS OF THE ORGANIZATION ARE MADE AVAILABLE UPON REQUEST. A SUMMARY OF THE FINANCIAL STATEMENTS IS MADE AVAILABLE MONTHLY ON THE ORGANIZATION'S WEB SITE ALONG WITH PERIODIC UPDATES ON THE FINANCIAL CONDITION OF THE ORGANIZATION. THE ANNUAL REPORT TO THE MEMBERSHIP AND THE COMPLETE AUDITED FINANCIAL STATEMENTS WITH FOOTNOTES ARE AVAILABLE ON THE ORGANIZATION'S WEB SITE PAPER COPIES AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -22,637,640. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS FOR ITS ANNUAL AUDIT. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SECU FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WADE AVENUE | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27605 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562255292 | EIN |
| Primary Activities | PROMOTES LOCAL AND COMMUNITY DEVELOPMENT | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | PF | PublicCharityStatus |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CREDIT UNION INVESTMENT SERVICES | |||||||||||
| 1000 WADE AVENUE | RALEIGH | NC | 27605 | 260627380 | INVESTMENT ADVISOR | NC | STATE EMPLOYEES' CREDIT UNION | C | 39389 | 1030228 | 1.00000 |
| SECU BROKERAGE SERVICES | |||||||||||
| 1000 WADE AVENUE | RALEIGH | NC | 27605 | 262442926 | BROKER/DEALER | NC | CREDIT UNION INVESTMENT SERVICES | C | -77874 | 832029 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CUIS AND SBS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | N | TransactionType |
| Amount Involved | 899329 | AmountInvolved |
| Method Of Amt Determination | PRORATED | MethodOfAmtDetermination |
Comments