Civic Intelligence

State Chartered Credit Union in North

EIN 56-1139784 • 501(c)14 • Pigsah Forest, NC

Profile

To provide financial services to its members at a reasonable rate and to be able to pay reasonable dividends on member share accounts.

PO Box 910Pigsah Forest, NC 28768

www.ecustacu.com

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.90x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

23.84x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Net Margin

10th percentile

-1.7%

Higher net margin than 10% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$50M-$100M nonprofits • Source year 2021

Asset Growth

60th percentile

1.6%

Faster asset growth than 60% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

26th percentile

5.0%

Faster revenue growth than 26% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $79,720,628 (-100%) from 2022

Liabilities

Down

$0

Down $71,994,301 (-100%) from 2022

Net Assets

Down

$0

Down $7,726,327 (-100%) from 2022

Revenue

Down

$2,577,274

Down $442,185 (-15%) from 2022

Expenses

Down

$2,440,905

Down $630,547 (-21%) from 2022

Net Income

Up

$136,369

Up $188,362 (+362%) from 2022

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $50,575,467Liabilities 2010: $43,854,487Net Assets 2010: $6,720,9802010Assets 2011: $48,937,059Liabilities 2011: $42,174,720Net Assets 2011: $6,762,3392011Assets 2012: $49,743,824Liabilities 2012: $43,060,869Net Assets 2012: $6,682,9552012Assets 2013: $50,835,315Liabilities 2013: $44,267,529Net Assets 2013: $6,567,7862013Assets 2014: $52,607,351Liabilities 2014: $46,180,960Net Assets 2014: $6,426,3912014Assets 2015: $56,486,242Liabilities 2015: $50,010,395Net Assets 2015: $6,475,8472015Assets 2016: $58,628,250Liabilities 2016: $52,122,752Net Assets 2016: $6,505,4982016Assets 2017: $60,237,833Liabilities 2017: $53,767,720Net Assets 2017: $6,470,1132017Assets 2018: $62,207,511Liabilities 2018: $55,520,131Net Assets 2018: $6,687,3802018Assets 2019: $60,385,067Liabilities 2019: $53,384,126Net Assets 2019: $7,000,9412019Assets 2020: $69,627,390Liabilities 2020: $62,309,105Net Assets 2020: $7,318,2852020Assets 2021: $78,454,235Liabilities 2021: $70,749,938Net Assets 2021: $7,704,2972021Assets 2022: $79,720,628Liabilities 2022: $71,994,301Net Assets 2022: $7,726,3272022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,503,1602010Revenue 2011: $2,306,440Expenses 2011: $2,244,462Net Income 2011: $61,9782011Expenses 2012: $2,185,5932012Revenue 2013: $2,040,429Expenses 2013: $2,155,598Net Income 2013: -$115,1692013Revenue 2014: $2,008,832Expenses 2014: $2,149,352Net Income 2014: -$140,5202014Revenue 2015: $2,052,365Expenses 2015: $2,002,909Net Income 2015: $49,4562015Revenue 2016: $2,101,071Expenses 2016: $2,071,420Net Income 2016: $29,6512016Revenue 2017: $2,174,640Expenses 2017: $2,210,025Net Income 2017: -$35,3852017Revenue 2018: $2,523,595Expenses 2018: $2,306,328Net Income 2018: $217,2672018Revenue 2019: $2,796,017Expenses 2019: $2,482,456Net Income 2019: $313,5612019Revenue 2020: $2,714,002Expenses 2020: $2,396,658Net Income 2020: $317,3442020Revenue 2021: $2,874,308Expenses 2021: $2,488,296Net Income 2021: $386,0122021Revenue 2022: $3,019,459Expenses 2022: $3,071,452Net Income 2022: -$51,9932022Revenue 2023: $2,577,274Expenses 2023: $2,440,905Net Income 2023: $136,3692023

Highlighted filing

2023

Revenue$2,577,274
Expenses$2,440,905
Net Income$136,369

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.58$2.44$0.14
2022Detailed filing. Detailed filing data is available for this year.$79.7$72.0$7.73$3.02$3.07$0.05
2021Detailed filing. Detailed filing data is available for this year.$78.5$70.7$7.70$2.87$2.49$0.39
2020Detailed filing. Detailed filing data is available for this year.$69.6$62.3$7.32$2.71$2.40$0.32
2019Detailed filing. Detailed filing data is available for this year.$60.4$53.4$7.00$2.80$2.48$0.31
2018Detailed filing. Detailed filing data is available for this year.$62.2$55.5$6.69$2.52$2.31$0.22
2017Detailed filing. Detailed filing data is available for this year.$60.2$53.8$6.47$2.17$2.21$0.04
2016Detailed filing. Detailed filing data is available for this year.$58.6$52.1$6.51$2.10$2.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$56.5$50.0$6.48$2.05$2.00$0.05
2014Detailed filing. Detailed filing data is available for this year.$52.6$46.2$6.43$2.01$2.15$0.14
2013Detailed filing. Detailed filing data is available for this year.$50.8$44.3$6.57$2.04$2.16$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.7$43.1$6.68$2.19
2011Summary only. Only limited summary data is available for this year.$48.9$42.2$6.76$2.31$2.24$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.6$43.9$6.72$2.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Oct 31, 2023
Signed
Jul 19, 2024
Return Version
2023v5.1
Gross Receipts
$2,577,274
Mission and Program Overview

Mission

To provide financial services to its members at a reasonable rate and to be able to pay reasonable dividends on member share accounts

To provide financial services to its members at a reasonable rate and to be able to pay reasonable dividends on member share accounts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$36,871,083$0▼ $36,871,083
Other Notes and Loans Receivable, Net$21,725,361$0▼ $21,725,361
Savings and Temporary Cash Investments$18,734,342$0▼ $18,734,342
Cap Stk Tr Prin Current Funds$7,726,327$0▼ $7,726,327
Cash and Non-Interest-Bearing Accounts$749,487$0▼ $749,487
Land, Buildings, and Equipment, Net$484,061$0▼ $484,061
Prepaid Expenses and Deferred Charges$107,625$0▼ $107,625
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$79,720,628$0▼ $79,720,628
Other Assets Total$1,048,669$0▼ $1,048,669
Liabilities
Other Liabilities$71,711,521$0▼ $71,711,521
Accounts Payable and Accrued Expenses$282,780$0▼ $282,780
Total Liabilities$71,994,301$0▼ $71,994,301
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,726,327$0▼ $7,726,327
Total Liabilities and Net Assets / Fund Balance$79,720,628$0▼ $79,720,628
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dora BlanchardManagerFT$39,763$11,230$50,993
Elvira Adame-tapiaAccounting ClerkFT$35,767$5,116$40,883
Lisa RathburnManagerFT$37,368$3,318$40,686

Board Members and Trustees

NameTitle
Martha M MccraryBoard Chairperson
Bill Bryson JrBoard Vice Chairperson
Diane LandrethBoard Member
Helen YoungBoard Member
William GarberBoard Member
Gary HollifieldBoard Secretary
Michael G WoodBoard Tressurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv PorticoCore ProcessorPO BOX 745148, Atlanta, GA 30374$680,243
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,642,174
Investment Income
$935,100
Other Revenue
$0
Change in Net Assets
$136,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,922,283
Salaries, Compensation, and Employee Benefits$517,622
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology---$679,422
Office Expenses---$364,074
Other Salaries and Wages---$301,315
Current Officers, Directors, Trustees, and Key Employees---$132,562
Interest---$111,191
Fees for Services Other---$97,526
Advertising---$91,664
Depreciation Depletion---$87,749
Other Employee Benefits---$83,745
Occupancy---$68,499
Other Expenses---$21,879
Fees for Services Accounting---$10,268
Grants to Domestic Individuals---$1,000
Conferences and Meetings---$292
Total Functional Expenses$0$0$0$2,440,905
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 4

Ecusta credit union merged its assets into champion credit union effective november 1, 2023. Credit union deposit and lending services for the former members will continue under champion credit union.

Form 990, Part VI, Section A, Line 6

Ecusta credit union is a state-chartered credit union. Every individual who has a share account with the credit union is considered a member of the organization.

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

Every member has one vote. 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

Every member has one vote. 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 B, Line 11B

A draft of the final form 990 will be reviewed by members of management prior to filing. A copy of the return will be provided to the board of directors of champion credit union subsequent to filing.

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

The credit union monitors and enforces the conflict-of-interest policy through requiring employees, management, and directors to disclose conflicts of interest on a regular basis.

Form 990, Part VI, Section B, Line 15

Compensation is determined by an annual performance review conducted by the board of directors.

Form 990, Part VI, Section C, Line 19

Financial statements and governing documents are displayed in each of the credit union's branches. The conflict of interest policy is not made available to the public.

Filing and Contact Details

Filer

Filer Name
State Chartered Credit Union in North
EIN
56-1139784
Phone
8288847283
Address
PO BOX 910, PIGSAH FOREST, NC 28768
Doing Business As
Ecusta Credit Union

Signing Officer

Name
Dora Blanchard
Title
Manager
Phone
8288847283
Signed
2024-07-19

Organization Details

Principal Officer
Dora Blanchard
Formed
1976
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
7

Preparer

Firm
Doeren Mayhew
Address
8785 SW 165TH AVENUE SUITE 103, MIAMI, FL 33193
Preparer
John J Murnane Jr
Phone
3052328272
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Ecusta credit union merged its assets into champion credit union effective november 1, 2023. Credit union deposit and lending services for the former members will continue under champion credit union.

FORM 990, PART XI, LINE 9:

Transfer of net assets (which included member deposits in the 2022 form 990) through a merger into champion credit union -7,862,696.

Raw XML AppendixShowing 400 of 438 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.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS AT A REASONABLE RATE AND TO BE ABLE TO PAY REASONABLE DIVIDENDS ON MEMBER SHARE ACCOUNTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07726327
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt068499
IRS990/OfficeExpensesGrp/TotalAmt0364074
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01048669
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-7862696
IRS990/OtherEmployeeBenefitsGrp/TotalAmt083745
IRS990/OtherExpensesGrp/Desc0PLL
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt0307441
IRS990/OtherExpensesGrp/TotalAmt182278
IRS990/OtherExpensesGrp/TotalAmt221879
IRS990/OtherLiabilitiesGrp/BOYAmt071711521
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0301315
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt021725361
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0107625
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DORA BLANCHARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEE & OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01170560
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1471614
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01170560
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1471614
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0733783
IRS990/PYOtherExpensesAmt02415107
IRS990/PYOtherRevenueAmt0142608
IRS990/PYProgramServiceRevenueAmt02143068
IRS990/PYRevenuesLessExpensesAmt0-51993
IRS990/PYSalariesCompEmpBnftPaidAmt0656345
IRS990/PYTotalExpensesAmt03071452
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03019459
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0136369
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018734342
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH AND CASH EQUIVALENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LOANS TO MEMBERS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2PROPERTY AND EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3INVESTMENT SECURITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CHAMPION CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1CHAMPION CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2CHAMPION CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3CHAMPION CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4CHAMPION CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-10-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12023-10-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22023-10-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32023-10-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42023-10-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0560172675
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1560172675
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2560172675
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3560172675
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN4560172675
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt04568448
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt125752948
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2406211
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt342099413
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt41282642
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt4501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt03 ACADEMY ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt13 ACADEMY ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt23 ACADEMY ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt33 ACADEMY ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt43 ACADEMY ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0CANTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1CANTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2CANTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3CANTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4CANTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd028716
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd128716
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd228716
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd328716
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd428716
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: GARY HOLLIFELDDORA BLANCHARDELVIRA ADAME-TAPIA
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: GARY HOLLIFIELD RECEIVED A SEAT ON CHAMPION CREDIT UNION'S BOARD OF DIRECTORS.DORA BLANCHARD WAS THE MANAGER OF ECUSTA CREDIT UNION AND BECAME A BRANCH MANAGER FOR CHAMPION CREDIT UNION.ELVIRA ADAME-TAPIA WAS THE ACCOUNTING CLERK OF ECUSTA CREDIT UNION AND BECAME AN ACCOUNTING ASSOCIATE FOR CHAMPION CREDIT UNION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ECUSTA CREDIT UNION MERGED ITS ASSETS INTO CHAMPION CREDIT UNION EFFECTIVE NOVEMBER 1, 2023. CREDIT UNION DEPOSIT AND LENDING SERVICES FOR THE FORMER MEMBERS WILL CONTINUE UNDER CHAMPION CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ECUSTA CREDIT UNION MERGED ITS ASSETS INTO CHAMPION CREDIT UNION EFFECTIVE NOVEMBER 1, 2023. CREDIT UNION DEPOSIT AND LENDING SERVICES FOR THE FORMER MEMBERS WILL CONTINUE UNDER CHAMPION CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ECUSTA CREDIT UNION IS A STATE-CHARTERED CREDIT UNION. EVERY INDIVIDUAL WHO HAS A SHARE ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVERY MEMBER HAS ONE VOTE. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EVERY MEMBER HAS ONE VOTE. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A DRAFT OF THE FINAL FORM 990 WILL BE REVIEWED BY MEMBERS OF MANAGEMENT PRIOR TO FILING. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD OF DIRECTORS OF CHAMPION CREDIT UNION SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION MONITORS AND ENFORCES THE CONFLICT-OF-INTEREST POLICY THROUGH REQUIRING EMPLOYEES, MANAGEMENT, AND DIRECTORS TO DISCLOSE CONFLICTS OF INTEREST ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION IS DETERMINED BY AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE DISPLAYED IN EACH OF THE CREDIT UNION'S BRANCHES. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRANSFER OF NET ASSETS (WHICH INCLUDED MEMBER DEPOSITS IN THE 2022 FORM 990) THROUGH A MERGER INTO CHAMPION CREDIT UNION -7,862,696.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt079720628
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt079720628
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/TotalAmt02440905
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071994301
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt071994301
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07726327
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt019664
IRS990/TotalProgramServiceRevenueAmt01642174
IRS990/TotalReportableCompFromOrgAmt0112898
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02577274
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02577274
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt079720628
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 910
IRS990/USAddress/CityNm0PIGSAH FOREST
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028768

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