Civic Intelligence

Holley Credit Union

990 • Fiscal year 2020 • EIN 62-0576362

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 05, 2021

Organization ProfileWWW.HOLLEYCREDITUNION.ORG

View Organization Page

P O Box 607Paris, TN 38242

(731) 644-9031

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.88x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

18.81x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Net Margin

78th percentile

17%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$157,955

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Asset Growth

49th percentile

15%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

0.9%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$69,522,551

Up $9,050,613 (+15%) from 2019

Net Assets

Up

$8,220,433

Up $546,155 (+7.1%) from 2019

Liabilities

Up

$61,302,118

Up $8,504,458 (+16%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin78th percentile

Revenue

Up

$3,259,464

Up $27,644 (+0.9%) from 2019

Expenses

Up

$2,714,000

Up $105,469 (+4.0%) from 2019

Net Income

Down

$545,464

Down $77,825 (-12%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $34,219,798Liabilities 2010: $30,200,149Net Assets 2010: $4,019,6492010Assets 2011: $36,640,469Liabilities 2011: $32,446,020Net Assets 2011: $4,194,4492011Assets 2012: $40,306,841Liabilities 2012: $35,924,139Net Assets 2012: $4,382,7022012Assets 2013: $42,332,322Liabilities 2013: $37,770,519Net Assets 2013: $4,561,8032013Assets 2014: $45,910,283Liabilities 2014: $40,929,769Net Assets 2014: $4,980,5142014Assets 2015: $47,301,591Liabilities 2015: $41,898,704Net Assets 2015: $5,402,8872015Assets 2016: $51,184,965Liabilities 2016: $45,323,547Net Assets 2016: $5,861,4182016Assets 2017: $54,561,067Liabilities 2017: $48,069,839Net Assets 2017: $6,491,2282017Assets 2018: $55,886,429Liabilities 2018: $48,836,082Net Assets 2018: $7,050,3472018Assets 2019: $60,471,938Liabilities 2019: $52,797,660Net Assets 2019: $7,674,2782019Assets 2020: $69,522,551Liabilities 2020: $61,302,118Net Assets 2020: $8,220,4332020Assets 2021: $77,470,734Liabilities 2021: $68,493,692Net Assets 2021: $8,977,0422021Assets 2022: $80,913,431Liabilities 2022: $70,949,957Net Assets 2022: $9,963,4742022Assets 2023: $85,520,531Liabilities 2023: $74,474,818Net Assets 2023: $11,045,7132023Assets 2024: $92,552,544Liabilities 2024: $80,354,375Net Assets 2024: $12,198,1692024

Highlighted filing

2020

Assets$69,522,551
Liabilities$61,302,118
Net Assets$8,220,433
Open 2020 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $1,758,3542010Expenses 2011: $1,710,9222011Expenses 2012: $1,662,5912012Revenue 2013: $1,830,801Expenses 2013: $1,652,167Net Income 2013: $178,6342013Revenue 2014: $2,188,804Expenses 2014: $1,770,663Net Income 2014: $418,1412014Revenue 2015: $2,415,585Expenses 2015: $1,993,781Net Income 2015: $421,8042015Revenue 2016: $2,666,116Expenses 2016: $2,208,056Net Income 2016: $458,0602016Revenue 2017: $3,015,753Expenses 2017: $2,386,433Net Income 2017: $629,3202017Revenue 2018: $2,913,352Expenses 2018: $2,354,672Net Income 2018: $558,6802018Revenue 2019: $3,231,820Expenses 2019: $2,608,531Net Income 2019: $623,2892019Revenue 2020: $3,259,464Expenses 2020: $2,714,000Net Income 2020: $545,4642020Revenue 2021: $3,106,337Expenses 2021: $2,350,353Net Income 2021: $755,9842021Revenue 2022: $3,269,395Expenses 2022: $2,283,711Net Income 2022: $985,6842022Revenue 2023: $4,426,253Expenses 2023: $3,344,687Net Income 2023: $1,081,5662023Revenue 2024: $5,540,283Expenses 2024: $4,397,070Net Income 2024: $1,143,2132024

Highlighted filing

2020

Revenue$3,259,464
Expenses$2,714,000
Net Income$545,464
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 5, 2021
Return Version
2020v4.0
Gross Receipts
$3,259,464
Mission and Program Overview

Mission

To provide financial services for approximately 9,154 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$43,072,050$51,978,825▲ $8,906,775
Cash and Non-Interest-Bearing Accounts$12,963,371$11,547,765▼ $1,415,606
Rtn Earn Endowment Incm Other Fnds$4,555,200$5,100,665▲ $545,465
Cap Stk Tr Prin Current Funds$3,119,078$3,119,768▲ $690
Prepaid Expenses and Deferred Charges$2,144,850$2,429,197▲ $284,347
Investments Other Securities$920,374$1,382,248▲ $461,874
Savings and Temporary Cash Investments-$743,768-
Land, Buildings, and Equipment, Net$725,600$722,177▼ $3,423
Total Assets$60,471,938$69,522,551▲ $9,050,613
Other Assets Total$645,693$718,571▲ $72,878
Liabilities
Other Liabilities$52,383,485$60,165,043▲ $7,781,558
Accounts Payable and Accrued Expenses$414,175$1,137,075▲ $722,900
Total Liabilities$52,797,660$61,302,118▲ $8,504,458
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,674,278$8,220,433▲ $546,155
Total Liabilities and Net Assets / Fund Balance$60,471,938$69,522,551▲ $9,050,613

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$519,881$269,812$789,693
Equipment$44,615$249,296$293,911
Land$157,681-$157,681
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Van BowdenCEO/managerFT$89,754$68,201$157,955
Jenny McclainVP of OperatFT$62,664$8,398$71,062
Amanda PhiferVP of CompliFT$53,650$10,299$63,949

Board Members and Trustees

NameTitle
Dale Mitchell EvansBoard Chairm
David JacksonBoard Member
Greg LassiterBoard Member
Tommy HayesBoard Member
Jennifer PerryBoard Treasu
Gale TharpeBoard Vice C
Kathy VeazeySecretary
Peggy J NanceSuperviosry
Gerald HowardSupervisory
Linda NealSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,815,452
Investment Income
$78,648
Other Revenue
$365,364
Change in Net Assets
$545,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,839,077
Salaries, Compensation, and Employee Benefits$874,923
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$657,302-$657,302
Interest-$350,510-$350,510
Other Employee Benefits-$143,475-$143,475
Occupancy-$101,990-$101,990
Office Expenses-$98,528-$98,528
All Other Expenses-$59,091-$59,091
Other Expenses-$57,977-$57,977
Payroll Taxes-$48,081-$48,081
Pension Plan Contributions-$26,065-$26,065
Conferences and Meetings-$10,985-$10,985
Total Functional Expenses$0$2,714,000$0$2,714,000
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
Regular Shares$30,828,283
All Other Shares$19,092,263
Share Drafts$10,244,497
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 every 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 19

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

Filing and Contact Details

Filer

Filer Name
Holley Credit Union
EIN
62-0576362
Phone
7316449031
Address
P O BOX 607, PARIS, TN 38242

Signing Officer

Name
Van Bowden
Title
CEO/manager
Phone
7316449031
Signed
2021-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Van Bowden
Formed
1993
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
17
Volunteers
10

Preparer

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

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors and the supervisory committee without compensation.”

Form 990, Page 5, Part V, Line 3B

“The credit union had no unrealted business income.”

Form 990, Part XI, Line 9

“Membership fees 690 due to rounding 1 total 691”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

Raw XML Appendix400 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0414175
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01137075
IRS990/AccountsReceivableGrp/BOYAmt043072050
IRS990/AccountsReceivableGrp/EOYAmt051978825
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt059091
IRS990/AllOtherExpensesGrp/TotalAmt059091
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0VAN BOWDEN
IRS990/BooksInCareOfDetail/PhoneNum07316449031
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 398
IRS990/BooksInCareOfDetail/USAddress/CityNm0PARIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038242
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt03119078
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt03119768
IRS990/CashNonInterestBearingGrp/BOYAmt012963371
IRS990/CashNonInterestBearingGrp/EOYAmt011547765
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt010985
IRS990/ConferencesMeetingsGrp/TotalAmt010985
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt078648
IRS990/CYOtherExpensesAmt01839077
IRS990/CYOtherRevenueAmt0365364
IRS990/CYProgramServiceRevenueAmt02815452
IRS990/CYRevenuesLessExpensesAmt0545464
IRS990/CYSalariesCompEmpBnftPaidAmt0874923
IRS990/CYTotalExpensesAmt02714000
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03259464
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt02363489
IRS990/FamilyOrBusinessRlnInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt062239
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110299
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt28398
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0VAN BOWDEN
IRS990/Form990PartVIISectionAGrp/PersonNm1AMANDA PHIFER
IRS990/Form990PartVIISectionAGrp/PersonNm2JENNY MCCLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm3DALE MITCHELL EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHY VEAZEY
IRS990/Form990PartVIISectionAGrp/PersonNm6GALE THARPE
IRS990/Form990PartVIISectionAGrp/PersonNm7GREG LASSITER
IRS990/Form990PartVIISectionAGrp/PersonNm8GERALD HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm9JENNIFER PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm10PEGGY J NANCE
IRS990/Form990PartVIISectionAGrp/PersonNm11LINDA NEAL
IRS990/Form990PartVIISectionAGrp/PersonNm12TOMMY HAYES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt095716
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt153650
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt262664
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP OF COMPLI
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP OF OPERAT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD CHAIRM
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt10SUPERVIOSRY
IRS990/Form990PartVIISectionAGrp/TitleTxt11SUPERVISORY
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03259464
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0350510
IRS990/InterestGrp/TotalAmt0350510
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt078648
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt078648
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0920374
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01382248
IRS990/IRPDocumentCnt0797
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0519108
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0725600
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0722177
IRS990/LandBldgEquipCostOrOtherBssAmt01241285
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE FINANCIAL SERVICES FOR APPROXIMATELY 7,011 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07674278
IRS990/NetAssetsOrFundBalancesEOYAmt08220433
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0101990
IRS990/OccupancyGrp/TotalAmt0101990
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt098528
IRS990/OfficeExpensesGrp/TotalAmt098528
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0645693
IRS990/OtherAssetsTotalGrp/EOYAmt0718571
IRS990/OtherChangesInNetAssetsAmt0691
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0143475
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0143475
IRS990/OtherExpensesGrp/Desc0PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL & PROMO
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0408936
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1396060
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2355000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt357977
IRS990/OtherExpensesGrp/TotalAmt0408936
IRS990/OtherExpensesGrp/TotalAmt1396060
IRS990/OtherExpensesGrp/TotalAmt2355000
IRS990/OtherExpensesGrp/TotalAmt357977
IRS990/OtherLiabilitiesGrp/BOYAmt052383485
IRS990/OtherLiabilitiesGrp/EOYAmt060165043
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0365364
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0365364
IRS990/OtherRevenueTotalAmt0365364
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0657302
IRS990/OtherSalariesAndWagesGrp/TotalAmt0657302
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048081
IRS990/PayrollTaxesGrp/TotalAmt048081
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt026065
IRS990/PensionPlanContributionsGrp/TotalAmt026065
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02144850
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02429197
IRS990/PrincipalOfficerNm0VAN BOWDEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02307686
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1507766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02307686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1507766
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0350510
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0161320
IRS990/PYOtherExpensesAmt01806882
IRS990/PYOtherRevenueAmt0327899
IRS990/PYProgramServiceRevenueAmt02742601
IRS990/PYRevenuesLessExpensesAmt0623289
IRS990/PYSalariesCompEmpBnftPaidAmt0801649
IRS990/PYTotalExpensesAmt02608531
IRS990/PYTotalRevenueAmt03231820
IRS990/ReconcilationRevenueExpnssAmt0545464
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04555200
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05100665
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0743768
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/PoliticalExpendituresAmt01000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0462728395
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0TENNESSEE CREDIT UNION LEAGUE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01317 HICKORY VALLEY RD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0CHATTANOOGA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd037421
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTION TO TENNESSEE CREDIT UNION LEAGUE PAC
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleD/BuildingsGrp/BookValueAmt0519881
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0269812
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0789693
IRS990ScheduleD/EquipmentGrp/BookValueAmt044615
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0249296
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0293911
IRS990ScheduleD/LandGrp/BookValueAmt0157681
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030828283
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119092263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210244497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0722177
IRS990ScheduleD/TotalLiabilityAmt060165043
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt089754
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05962
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt062239
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VAN BOWDEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0157955
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION HAD NO UNREALTED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS REVIEWED BY THE MANAGER. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERSHIP FEES 690 DUE TO ROUNDING 1 TOTAL 691
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt060471938
IRS990/TotalAssetsEOYAmt069522551
IRS990/TotalAssetsGrp/BOYAmt060471938
IRS990/TotalAssetsGrp/EOYAmt069522551
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02714000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02714000
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052797660
IRS990/TotalLiabilitiesEOYAmt061302118
IRS990/TotalLiabilitiesGrp/BOYAmt052797660
IRS990/TotalLiabilitiesGrp/EOYAmt061302118
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07674278
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08220433
IRS990/TotalOtherCompensationAmt080936
IRS990/TotalProgramServiceExpensesAmt02713999
IRS990/TotalProgramServiceRevenueAmt02815452
IRS990/TotalReportableCompFromOrgAmt0212030
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03259464
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03259464
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt060471938
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt069522551
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 398
IRS990/USAddress/CityNm0PARIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038242
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HOLLEYCREDITUNION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VAN BOWDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07316449031
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOLLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HOLL
ReturnHeader/Filer/EIN0620576362
ReturnHeader/Filer/PhoneNum07316449031
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 607
ReturnHeader/Filer/USAddress/CityNm0PARIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038242
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CU AUDIT & COMPLIANCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03692 COOLIDGE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323117890
ReturnHeader/PreparerPersonGrp/PhoneNum02054372176
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARCUS KING
ReturnHeader/ReturnTs02021-04-05T09:17:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOWDEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$69,522,551
Liabilities
$61,302,118
Net assets
$8,220,433
Revenue
$3,259,464
Expenses
$2,714,000
Net income
$545,464
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$92.6$80.4$12.2$5.54$4.40$1.14
2023Detailed filing. Detailed filing data is available for this year.$85.5$74.5$11.0$4.43$3.34$1.08
2022Detailed filing. Detailed filing data is available for this year.$80.9$70.9$9.96$3.27$2.28$0.99
2021Detailed filing. Detailed filing data is available for this year.$77.5$68.5$8.98$3.11$2.35$0.76
2020Detailed filing. Detailed filing data is available for this year.$69.5$61.3$8.22$3.26$2.71$0.55
2019Detailed filing. Detailed filing data is available for this year.$60.5$52.8$7.67$3.23$2.61$0.62
2018Detailed filing. Detailed filing data is available for this year.$55.9$48.8$7.05$2.91$2.35$0.56
2017Detailed filing. Detailed filing data is available for this year.$54.6$48.1$6.49$3.02$2.39$0.63
2016Detailed filing. Detailed filing data is available for this year.$51.2$45.3$5.86$2.67$2.21$0.46
2015Detailed filing. Detailed filing data is available for this year.$47.3$41.9$5.40$2.42$1.99$0.42
2014Detailed filing. Detailed filing data is available for this year.$45.9$40.9$4.98$2.19$1.77$0.42
2013Detailed filing. Detailed filing data is available for this year.$42.3$37.8$4.56$1.83$1.65$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.3$35.9$4.38$1.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.6$32.4$4.19$1.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$30.2$4.02$1.76