Civic Intelligence

Greater Kinston Credit Union

EIN 56-0895888 • 501(c)14 • Kinston, NC

Profile

To provide provident savings and credit services to members, particularly in low-income communities.

901 N Queen StreetKinston, NC 28501

www.greaterkcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.86x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

13.68x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Net Margin

37th percentile

2.4%

Higher net margin than 37% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

44th percentile

-1.2%

Faster asset growth than 44% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

5.7%

Faster revenue growth than 43% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$13,884,520

Down $175,426 (-1.2%) from 2023

Liabilities

Down

$11,959,311

Down $196,387 (-1.6%) from 2023

Net Assets

Up

$1,925,209

Up $20,961 (+1.1%) from 2023

Operations
Liabilities / Revenue30th percentileNet Margin37th percentile

Revenue

Up

$874,245

Up $47,107 (+5.7%) from 2023

Expenses

Up

$853,284

Up $96,999 (+13%) from 2023

Net Income

Down

$20,961

Down $49,892 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $16,054,487Liabilities 2010: $14,144,044Net Assets 2010: $1,910,4432010Assets 2011: $16,744,005Liabilities 2011: $15,443,682Net Assets 2011: $1,300,3232011Assets 2012: $11,348,629Liabilities 2012: $10,135,552Net Assets 2012: $1,213,0772012Assets 2013: $11,397,133Liabilities 2013: $10,386,547Net Assets 2013: $1,010,5862013Assets 2014: $10,436,988Liabilities 2014: $9,404,305Net Assets 2014: $1,032,6832014Assets 2015: $11,083,892Liabilities 2015: $10,042,459Net Assets 2015: $1,041,4332015Assets 2016: $11,240,038Liabilities 2016: $10,130,005Net Assets 2016: $1,110,0332016Assets 2017: $10,554,688Liabilities 2017: $9,394,952Net Assets 2017: $1,159,7362017Assets 2018: $11,407,950Liabilities 2018: $10,211,762Net Assets 2018: $1,196,1882018Assets 2019: $11,624,191Liabilities 2019: $10,287,945Net Assets 2019: $1,336,2462019Assets 2020: $13,521,029Liabilities 2020: $11,987,921Net Assets 2020: $1,533,1082020Assets 2021: $13,281,741Liabilities 2021: $11,580,115Net Assets 2021: $1,701,6262021Assets 2022: $13,523,496Liabilities 2022: $11,690,101Net Assets 2022: $1,833,3952022Assets 2023: $14,059,946Liabilities 2023: $12,155,698Net Assets 2023: $1,904,2482023Assets 2024: $13,884,520Liabilities 2024: $11,959,311Net Assets 2024: $1,925,2092024

Highlighted filing

2024

Assets$13,884,520
Liabilities$11,959,311
Net Assets$1,925,209
Open 2024 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,373,6302010Revenue 2011: $791,594Expenses 2011: $1,187,667Net Income 2011: -$396,0732011Revenue 2012: $636,188Expenses 2012: $724,535Net Income 2012: -$88,3472012Revenue 2013: $591,113Expenses 2013: $755,726Net Income 2013: -$164,6132013Revenue 2014: $600,125Expenses 2014: $578,028Net Income 2014: $22,0972014Revenue 2015: $618,206Expenses 2015: $609,456Net Income 2015: $8,7502015Revenue 2016: $639,341Expenses 2016: $570,741Net Income 2016: $68,6002016Revenue 2017: $658,407Expenses 2017: $608,704Net Income 2017: $49,7032017Revenue 2018: $678,452Expenses 2018: $642,000Net Income 2018: $36,4522018Revenue 2019: $863,244Expenses 2019: $723,186Net Income 2019: $140,0582019Revenue 2020: $938,867Expenses 2020: $742,005Net Income 2020: $196,8622020Revenue 2021: $793,355Expenses 2021: $624,837Net Income 2021: $168,5182021Revenue 2022: $756,469Expenses 2022: $624,700Net Income 2022: $131,7692022Revenue 2023: $827,138Expenses 2023: $756,285Net Income 2023: $70,8532023Revenue 2024: $874,245Expenses 2024: $853,284Net Income 2024: $20,9612024

Highlighted filing

2024

Revenue$874,245
Expenses$853,284
Net Income$20,961
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$13,884,520
Liabilities
$11,959,311
Net assets
$1,925,209
Revenue
$874,245
Expenses
$853,284
Net income
$20,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$12.0$1.93$0.87$0.85$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$12.2$1.90$0.83$0.76$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$11.7$1.83$0.76$0.62$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$11.6$1.70$0.79$0.62$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$12.0$1.53$0.94$0.74$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$10.3$1.34$0.86$0.72$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$10.2$1.20$0.68$0.64$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$9.39$1.16$0.66$0.61$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$10.1$1.11$0.64$0.57$0.07
2015Detailed filing. Detailed filing data is available for this year.$11.1$10.0$1.04$0.62$0.61$0.01
2014Detailed filing. Detailed filing data is available for this year.$10.4$9.40$1.03$0.60$0.58$0.02
2013Detailed filing. Detailed filing data is available for this year.$11.4$10.4$1.01$0.59$0.76$0.16
2012Summary only. Only limited summary data is available for this year.$11.3$10.1$1.21$0.64$0.72$0.09
2011Summary only. Only limited summary data is available for this year.$16.7$15.4$1.30$0.79$1.19$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$14.1$1.91$1.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$874,245
Mission and Program Overview

Mission

To provide provident savings and credit services to members, particularly in low-income communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,517,272$9,384,742▲ $867,470
Savings and Temporary Cash Investments$4,642,653$3,574,398▼ $1,068,255
Rtn Earn Endowment Incm Other Fnds$1,904,248$1,925,209▲ $20,961
Land, Buildings, and Equipment, Net$303,218$290,173▼ $13,045
Cash and Non-Interest-Bearing Accounts$220,971$277,896▲ $56,925
Investments Other Securities$120,579$120,579→ $0
Accounts Receivable$57,816$42,440▼ $15,376
Pledges and Grants Receivable$50,000$37,500▼ $12,500
Prepaid Expenses and Deferred Charges$15,517$16,281▲ $764
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$14,059,946$13,884,520▼ $175,426
Other Assets Total$131,920$140,511▲ $8,591
Liabilities
Other Liabilities$12,009,778$11,836,096▼ $173,682
Deferred Revenue$67,366$63,200▼ $4,166
Accounts Payable and Accrued Expenses$78,554$60,015▼ $18,539
Total Liabilities$12,155,698$11,959,311▼ $196,387
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,904,248$1,925,209▲ $20,961
Total Liabilities and Net Assets / Fund Balance$14,059,946$13,884,520▼ $175,426

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$215,529$346,430$561,959
Equipment$6,644$279,792$286,436
Land$68,000-$68,000
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jontae SherrodCEO Eff. Feb 2024FT$70,707$2,684$73,391
Jaimie SpruillCEO Through Jan 2024FT$5,848$603$6,451

Board Members and Trustees

NameTitle
Jimmy CochranChairperson Jan. 2024- June 2024
Christoher SuggsChairperson July 2024- Dec. 2024
Natasha RouseVice Chairperson
Faith BynumDirector
John W JonesDirector
Preston HarrisDirector
Rich HutsonDirector
Robert Swinson IvDirector
Virginia Cox-daughertyDirector
Joshua KellySecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
State Employees' Credit UnionFinancial Accounting And Data Processing119 N SALISBURY ST, Raleigh, NC 27603$132,200
Revenue and Support

Revenue Composition

Contributions and Grants
$2,083
Program Service Revenue
$707,184
Investment Income
$164,978
Other Revenue
$0
Change in Net Assets
$20,961

Audited Revenue Reconciliation

Revenue per Audited Statements
$874,245
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$874,245
Total Revenue per Form 990
$874,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$562,831
Salaries, Compensation, and Employee Benefits$290,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$181,432
Other Salaries and Wages---$166,622
Fees for Services Other---$161,752
Current Officers, Directors, Trustees, and Key Employees---$79,842
Other Employee Benefits---$43,744
Occupancy---$41,175
Office Expenses---$24,030
Depreciation Depletion---$13,045
Other Expenses---$12,656
Insurance---$9,509
Advertising---$1,850
Conferences and Meetings---$1,529
Payroll Taxes---$245
Total Functional Expenses$0$0$0$853,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$853,284
Total Expenses per Audited Statements$853,284
Total Expenses per Form 990$853,284
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$4,756,413
Share Term Certificates$4,617,965
Money Market$1,228,193
Share Drafts$707,155
Ira Shares$526,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Our members of the credit union are also shareholders of the credit union. Each member is entitled to one vote on matters subject to member approval as they occur.”

Form 990, Part VI, Section A, Line 7A

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

Form 990, Part VI, Section A, Line 7B

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body. Decisions are made by the governing body who represents the membership of the credit union.”

Form 990, Part VI, Section B, Line 11B

“The form 990 will be reviewed by the supervisory committee and the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The code of ethics and conflict of interest are reviewed and approved by the board annually and signed by board and staff.”

Form 990, Part VI, Section B, Line 15

“The board reviews and approves all salaries based on review of comparable salaries at other credit unions.”

Form 990, Part VI, Section C, Line 19

“Governing documents are not made available to the public. The credit union's quarterly financial statements are available to view on ncua.gov via the call report.”

Filing and Contact Details

Filer

Filer Name
Greater Kinston Credit Union
EIN
56-0895888
Phone
2525274002
Address
901 N QUEEN STREET, KINSTON, NC 28501

Signing Officer

Name
Jontae Sherrod
Title
Branch Manager & CEO
Phone
2525274002
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jontae Sherrod
Formed
1952
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
15

Preparer

Firm
Doeren Mayhew
Address
8785 SW 165TH AVENUE SUITE 303, MIAMI, FL 33193
Preparer
Aubrey Clegg
Phone
3052328272
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Secu accounting and data processing services 132,200. Other professional services 29,552.”

FORM 990, PART XII, LINE 2C:

“The credit union has a committee that assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt from most federal, state, and local income taxes under the provisions of the internal revenue code (irc) and state tax laws. However, irc section 511 imposes a tax on the unrelated business income derived by state-chartered credit unions. Generally, these taxes are insignificant to the credit union.”

Raw XML AppendixShowing 400 of 407 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt078554
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt060015
IRS990/AccountsReceivableGrp/BOYAmt057816
IRS990/AccountsReceivableGrp/EOYAmt042440
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE PROVIDENT SAVINGS AND CREDIT SERVICES TO MEMBERS, PARTICULARLY IN LOW-INCOME COMMUNITIES.
IRS990/AdvertisingGrp/TotalAmt01850
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0JONTAE SHERROD
IRS990/BooksInCareOfDetail/PhoneNum02525274002
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0901 N QUEEN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0KINSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028501
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0220971
IRS990/CashNonInterestBearingGrp/EOYAmt0277896
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt079842
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt01529
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0132200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0119 N SALISBURY ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RALEIGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027603
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0STATE EMPLOYEES' CREDIT UNION
IRS990/ContractorCompensationGrp/ServicesDesc0FINANCIAL ACCOUNTING AND DATA PROCESSING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02083
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0164978
IRS990/CYOtherExpensesAmt0562831
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0707184
IRS990/CYRevenuesLessExpensesAmt020961
IRS990/CYSalariesCompEmpBnftPaidAmt0290453
IRS990/CYTotalExpensesAmt0853284
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0874245
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt067366
IRS990/DeferredRevenueGrp/EOYAmt063200
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt013045
IRS990/Desc0GKCU PROVIDED A WIDE RANGE OF FINANCIAL SERVICES TO 3,935 MEMBERS, INCLUDING NEW LENDING OF APPROXIMATELY $1.9 MILLION DURING 2024.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/TotalAmt0161752
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10603
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt112684
IRS990/Form990PartVIISectionAGrp/PersonNm0JIMMY COCHRAN
IRS990/Form990PartVIISectionAGrp/PersonNm1NATASHA ROUSE
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSHUA KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm3PRESTON HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm4FAITH BYNUM
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT SWINSON IV
IRS990/Form990PartVIISectionAGrp/PersonNm6VIRGINIA COX-DAUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN W JONES
IRS990/Form990PartVIISectionAGrp/PersonNm8RICH HUTSON
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRISTOHER SUGGS
IRS990/Form990PartVIISectionAGrp/PersonNm10JAIMIE SPRUILL
IRS990/Form990PartVIISectionAGrp/PersonNm11JONTAE SHERROD
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1170707
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON JAN. 2024- JUNE 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRPERSON JULY 2024- DEC. 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO THROUGH JAN 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO EFF. FEB 2024
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt02083
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0874245
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt09509
IRS990/InterestGrp/TotalAmt0181432
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0164978
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0164978
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0120579
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0120579
IRS990/IRPDocumentCnt0314
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0626222
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0303218
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0290173
IRS990/LandBldgEquipCostOrOtherBssAmt0916395
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE PROVIDENT SAVINGS AND CREDIT SERVICES TO MEMBERS, PARTICULARLY IN LOW-INCOME COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01904248
IRS990/NetAssetsOrFundBalancesEOYAmt01925209
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt041175
IRS990/OfficeExpensesGrp/TotalAmt024030
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0131920
IRS990/OtherAssetsTotalGrp/EOYAmt0140511
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043744
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1SECONDARY MARKET LOAN E
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0103000
IRS990/OtherExpensesGrp/TotalAmt112853
IRS990/OtherExpensesGrp/TotalAmt212656
IRS990/OtherLiabilitiesGrp/BOYAmt012009778
IRS990/OtherLiabilitiesGrp/EOYAmt011836096
IRS990/OtherSalariesAndWagesGrp/TotalAmt0166622
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08517272
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09384742
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0245
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt037500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015517
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016281
IRS990/PrincipalOfficerNm0JONTAE SHERROD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOANS TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0541225
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1165959
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0541225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1165959
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029633
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0139157
IRS990/PYOtherExpensesAmt0447569
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0658348
IRS990/PYRevenuesLessExpensesAmt070853
IRS990/PYSalariesCompEmpBnftPaidAmt0308716
IRS990/PYTotalExpensesAmt0756285
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0827138
IRS990/ReconcilationRevenueExpnssAmt020961
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01904248
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01925209
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04642653
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03574398
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0215529
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0346430
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0561959
IRS990ScheduleD/EquipmentGrp/BookValueAmt06644
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0279792
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0286436
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0853284
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt068000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0526370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11228193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2707155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34617965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt44756413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IRA SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MONEY MARKET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE TERM CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0874245
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0290173
IRS990ScheduleD/TotalExpensesPerForm990Amt0853284
IRS990ScheduleD/TotalLiabilityAmt011836096
IRS990ScheduleD/TotalRevenuePerForm990Amt0874245
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0874245
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0853284
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MEMBERS OF THE CREDIT UNION ARE ALSO SHAREHOLDERS OF THE CREDIT UNION. EACH MEMBER IS ENTITLED TO ONE VOTE ON MATTERS SUBJECT TO MEMBER APPROVAL AS THEY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY. DECISIONS ARE MADE BY THE GOVERNING BODY WHO REPRESENTS THE MEMBERSHIP OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WILL BE REVIEWED BY THE SUPERVISORY COMMITTEE AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CODE OF ETHICS AND CONFLICT OF INTEREST ARE REVIEWED AND APPROVED BY THE BOARD ANNUALLY AND SIGNED BY BOARD AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REVIEWS AND APPROVES ALL SALARIES BASED ON REVIEW OF COMPARABLE SALARIES AT OTHER CREDIT UNIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE TO VIEW ON NCUA.GOV VIA THE CALL REPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SECU ACCOUNTING AND DATA PROCESSING SERVICES 132,200. OTHER PROFESSIONAL SERVICES 29,552.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014059946
IRS990/TotalAssetsEOYAmt013884520
IRS990/TotalAssetsGrp/BOYAmt014059946
IRS990/TotalAssetsGrp/EOYAmt013884520
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02083
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0853284
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012155698
IRS990/TotalLiabilitiesEOYAmt011959311
IRS990/TotalLiabilitiesGrp/BOYAmt012155698
IRS990/TotalLiabilitiesGrp/EOYAmt011959311
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01904248
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01925209
IRS990/TotalOtherCompensationAmt03287
IRS990/TotalProgramServiceRevenueAmt0707184
IRS990/TotalReportableCompFromOrgAmt076555
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0872162
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0874245
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014059946
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013884520
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0901 N QUEEN STREET
IRS990/USAddress/CityNm0KINSTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028501
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.GREATERKCU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JONTAE SHERROD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BRANCH MANAGER & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02525274002
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREATER KINSTON CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0560895888
ReturnHeader/Filer/PhoneNum02525274002
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 N QUEEN STREET
ReturnHeader/Filer/USAddress/CityNm0KINSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0994260840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DOEREN MAYHEW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08785 SW 165TH AVENUE SUITE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIAMI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033193
ReturnHeader/PreparerPersonGrp/PhoneNum03052328272

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