Civic Intelligence

Marshland Credit Union

EIN 58-0872500 • 501(c)14 • Brunswick, GA

Profile

Credit union - to provide services for approximately 19,139 members in the form of loans, savings, and other financial services.

PO Box 1957Brunswick, GA 31524

marshlandcu.com

Siviq Scores

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

Liabilities / Assets

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

15.99x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2023

Net Margin

46th percentile

10%

Higher net margin than 46% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

90th percentile

9.8%

Faster asset growth than 90% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$246,722,957

Up $24,104,652 (+11%) from 2023

Liabilities

Up

$229,578,395

Up $22,770,267 (+11%) from 2023

Net Assets

Up

$17,144,562

Up $1,334,385 (+8.4%) from 2023

Revenue

Up

$14,991,816

Up $2,056,013 (+16%) from 2023

Expenses

Up

$13,810,805

Up $2,226,340 (+19%) from 2023

Net Income

Down

$1,181,011

Down $170,327 (-13%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2020: $179,205,295Liabilities 2020: $160,833,386Net Assets 2020: $18,371,9092020Assets 2021: $202,229,939Liabilities 2021: $183,856,233Net Assets 2021: $18,373,7062021Assets 2022: $202,763,566Liabilities 2022: $189,253,469Net Assets 2022: $13,510,0972022Assets 2023: $222,618,305Liabilities 2023: $206,808,128Net Assets 2023: $15,810,1772023Assets 2024: $246,722,957Liabilities 2024: $229,578,395Net Assets 2024: $17,144,5622024

Highlighted filing

2024

Assets$246,722,957
Liabilities$229,578,395
Net Assets$17,144,562

Operations Trend

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

$15M$10M$5.0M$0Revenue 2020: $9,165,369Expenses 2020: $8,940,293Net Income 2020: $225,0762020Revenue 2021: $9,638,703Expenses 2021: $8,584,782Net Income 2021: $1,053,9212021Revenue 2022: $10,375,545Expenses 2022: $10,001,804Net Income 2022: $373,7412022Revenue 2023: $12,935,803Expenses 2023: $11,584,465Net Income 2023: $1,351,3382023Revenue 2024: $14,991,816Expenses 2024: $13,810,805Net Income 2024: $1,181,0112024

Highlighted filing

2024

Revenue$14,991,816
Expenses$13,810,805
Net Income$1,181,011

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 8, 2025
Return Version
2024v5.0
Gross Receipts
$14,991,816
Mission and Program Overview

Mission

Credit union - to provide services for approximately 17,256 members in the form of loans, savings, and other financial services.

Credit union - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$146,612,298$175,844,214▲ $29,231,916
Investments Other Securities$47,759,166$44,406,305▼ $3,352,861
Rtn Earn Endowment Incm Other Fnds$13,031,753$14,366,138▲ $1,334,385
Cash and Non-Interest-Bearing Accounts$13,860,029$11,110,182▼ $2,749,847
Land, Buildings, and Equipment, Net$5,151,422$5,933,978▲ $782,556
Cap Stk Tr Prin Current Funds$2,778,424$2,778,424→ $0
Savings and Temporary Cash Investments$3,057,371$2,341,316▼ $716,055
Prepaid Expenses and Deferred Charges$303,955$256,712▼ $47,243
Total Assets$222,618,305$246,722,957▲ $24,104,652
Other Assets Total$5,874,064$6,830,250▲ $956,186
Liabilities
Other Liabilities$202,898,118$226,085,584▲ $23,187,466
Accounts Payable and Accrued Expenses$3,910,010$3,492,811▼ $417,199
Total Liabilities$206,808,128$229,578,395▲ $22,770,267
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,810,177$17,144,562▲ $1,334,385
Total Liabilities and Net Assets / Fund Balance$222,618,305$246,722,957▲ $24,104,652

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,389,413$4,873,931$6,263,344
Buildings$2,485,550$1,984,411$4,469,961
Other Land Buildings$1,134,809$199,047$1,333,856
Land$744,375-$744,375
Leasehold Improvements$179,831$10,639$190,470
Other Securities$259,752--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary JenrettePres/CEO/bodFT$243,541$15,423$258,964
Mary JenrettePres/CEO/bod Mem-$222,789$36,175$258,964
Millie RayCOOFT$150,010$27,102$177,112
Samuel Heath DawsonFormer COO-$144,997$17,547$162,544
Rick CassidyFormervp/CIO-$145,000$7,428$152,428

Board Members and Trustees

NameTitle
Paul MckenzieBod Chair/ac
Alan VolskayBoard Mem
Delria BaisdenBoard Mem
John CatronBoard Mem
Shannon WebbBoard Mem
Kathy GraceBod Treas/ac
Jim AndersenBod Vice CHA
Orion DouglasBod/ac Mem
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,991,244
Investment Income
$2,267,966
Other Revenue
$1,732,606
Change in Net Assets
$1,181,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,658,053
Salaries, Compensation, and Employee Benefits$5,152,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$4,002,728-$4,002,728
Interest-$3,909,503-$3,909,503
Office Expenses-$2,310,669-$2,310,669
Other Employee Benefits-$624,917-$624,917
Occupancy-$544,478-$544,478
Payroll Taxes-$292,655-$292,655
All Other Expenses-$234,504-$234,504
Pension Plan Contributions-$232,452-$232,452
Other Expenses-$230,708-$230,708
Travel-$21,230-$21,230
Total Functional Expenses$0$13,810,805$0$13,810,805
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$1,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
All Other Shares$101,816,660
Regular Drafts$75,574,913
Share Drafts$48,694,011
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 6

The credit union is owned by the members.

Form 990, Page 6, Part VI, Line 7A

The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting each year.

Form 990, Page 6, Part VI, Line 7B

Some decisions made by the board of directors are affirmed by the members.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the manager. The form 990 is available for review by the board of directors upon request.

Form 990, Page 6, Part VI, Line 12C

The board of directors monitor and enforce the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

Financial documents are posted in the credit union lobby by the 15th of the subsequent month.

Filing and Contact Details

Filer

Filer Name
Marshland Credit Union
EIN
58-0872500
Phone
9122792000
Address
PO BOX 1957, BRUNSWICK, GA 31524

Signing Officer

Name
Justin Callaway
Title
VP of Finance
Phone
9122792000
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jenrette
Formed
1953
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
8
Employees
77
Volunteers
9

Preparer

Firm
Cu Audit & Compliance Group
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Amanda Onkst
Phone
2054372176
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Due to rounding 0 cecl implmentation - acct adj 0

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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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09567810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11423434
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03909358
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01808100
IRS990/PYOtherExpensesAmt06860733
IRS990/PYOtherRevenueAmt01895141
IRS990/PYProgramServiceRevenueAmt09232562
IRS990/PYRevenuesLessExpensesAmt01351338
IRS990/PYSalariesCompEmpBnftPaidAmt04723732
IRS990/PYTotalExpensesAmt011584465
IRS990/PYTotalRevenueAmt012935803
IRS990/ReconcilationRevenueExpnssAmt01181011
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013031753
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014366138
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03057371
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02341316
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/PoliticalExpendituresAmt01000
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTION TO THE GEORGIA CREDIT UNION LEAGUE PAC.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleD/BuildingsGrp/BookValueAmt02485550
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01984411
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04469961
IRS990ScheduleD/EquipmentGrp/BookValueAmt01389413
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04873931
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06263344
IRS990ScheduleD/LandGrp/BookValueAmt0744375
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0744375
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0179831
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010639
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0190470
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01134809
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0199047
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01333856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0101816660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt175574913
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt248694011
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt044146553
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1259752
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PERPETUAL CONTRIBUTED CAPITAL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05933978
IRS990ScheduleD/TotalBookValueSecuritiesAmt044406305
IRS990ScheduleD/TotalLiabilityAmt0226085584
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0222789
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1150010
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2144997
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3145000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount020752
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount115300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount27700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt015423
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt111802
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt29847
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt37428
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARY JENRETTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MILLIE RAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SAMUEL HEATH DAWSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3RICK CASSIDY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRES/CEO/BOD MEM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2FORMER COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3FORMERVP/CIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0258964
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1177112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2162544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3152428
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE MANAGER. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DUE TO ROUNDING 0 CECL IMPLMENTATION - ACCT ADJ 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0222618305
IRS990/TotalAssetsEOYAmt0246722957
IRS990/TotalAssetsGrp/BOYAmt0222618305
IRS990/TotalAssetsGrp/EOYAmt0246722957
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt077
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013810805
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt013810805
IRS990/TotalGrossUBIAmt08003
IRS990/TotalLiabilitiesBOYAmt0206808128
IRS990/TotalLiabilitiesEOYAmt0229578395
IRS990/TotalLiabilitiesGrp/BOYAmt0206808128
IRS990/TotalLiabilitiesGrp/EOYAmt0229578395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015810177
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017144562
IRS990/TotalOtherCompensationAmt044500
IRS990/TotalProgramServiceExpensesAmt013810805
IRS990/TotalProgramServiceRevenueAmt010991244
IRS990/TotalReportableCompFromOrgAmt0706548
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014983813
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014991816
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08003
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0222618305
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0246722957
IRS990/TravelGrp/ManagementAndGeneralAmt021230
IRS990/TravelGrp/TotalAmt021230
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true

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