Civic Intelligence

Collegedale Credit Union

990 • Fiscal year 2020 • EIN 62-0577184

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 16, 2021

Organization ProfileWWW.COLLEGEDALE.ORG

View Organization Page

P O Box 2098Collegedale, TN 37315

(423) 396-2101

Siviq Scores

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

Liabilities / Assets

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

86th percentile

26.56x

Higher debt load relative to revenue than 86% of similar nonprofits.

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

Net Margin

5th percentile

-6.8%

Higher net margin than 5% of similar nonprofits.

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

Top Officer Pay

10th percentile

$91,698

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

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

Asset Growth

72nd percentile

19%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

33rd percentile

-6.3%

Faster revenue growth than 33% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$50,951,849

Up $8,070,785 (+19%) from 2019

Net Assets

Down

$3,695,248

Down $121,286 (-3.2%) from 2019

Liabilities

Up

$47,256,601

Up $8,192,071 (+21%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin5th percentile

Revenue

Down

$1,779,234

Down $120,602 (-6.3%) from 2019

Expenses

Up

$1,900,519

Up $18,393 (+1.0%) from 2019

Net Income

Down

-$121,285

Down $138,995 (-785%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$60M$40M$20M$0Assets 2010: $33,639,771Liabilities 2010: $30,287,950Net Assets 2010: $3,351,8212010Assets 2011: $37,606,937Liabilities 2011: $34,172,583Net Assets 2011: $3,434,3542011Assets 2012: $34,875,225Liabilities 2012: $31,355,686Net Assets 2012: $3,519,5392012Assets 2013: $40,077,546Liabilities 2013: $36,492,177Net Assets 2013: $3,585,3692013Assets 2014: $37,769,625Liabilities 2014: $34,134,134Net Assets 2014: $3,635,4912014Assets 2015: $41,215,231Liabilities 2015: $37,558,555Net Assets 2015: $3,656,6762015Assets 2016: $43,620,708Liabilities 2016: $40,018,636Net Assets 2016: $3,602,0722016Assets 2017: $44,135,553Liabilities 2017: $40,471,803Net Assets 2017: $3,663,7502017Assets 2018: $45,657,970Liabilities 2018: $41,859,147Net Assets 2018: $3,798,8232018Assets 2019: $42,881,064Liabilities 2019: $39,064,530Net Assets 2019: $3,816,5342019Assets 2020: $50,951,849Liabilities 2020: $47,256,601Net Assets 2020: $3,695,2482020Assets 2021: $51,675,417Liabilities 2021: $48,027,575Net Assets 2021: $3,647,8422021Assets 2022: $47,522,225Liabilities 2022: $44,060,425Net Assets 2022: $3,461,8002022Assets 2023: $44,874,292Liabilities 2023: $41,370,999Net Assets 2023: $3,503,2932023Assets 2024: $41,505,421Liabilities 2024: $37,755,389Net Assets 2024: $3,750,0322024

Highlighted filing

2020

Assets$50,951,849
Liabilities$47,256,601
Net Assets$3,695,248
Open 2020 Filing

Operations Trend

Revenue Growth33rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,748,6592010Expenses 2011: $1,622,2032011Expenses 2012: $1,606,2082012Revenue 2013: $1,612,635Expenses 2013: $1,546,805Net Income 2013: $65,8302013Revenue 2014: $1,601,256Expenses 2014: $1,551,134Net Income 2014: $50,1222014Revenue 2015: $1,540,744Expenses 2015: $1,519,559Net Income 2015: $21,1852015Revenue 2016: $1,580,185Expenses 2016: $1,634,789Net Income 2016: -$54,6042016Revenue 2017: $1,681,538Expenses 2017: $1,619,860Net Income 2017: $61,6782017Revenue 2018: $1,890,125Expenses 2018: $1,755,052Net Income 2018: $135,0732018Revenue 2019: $1,899,836Expenses 2019: $1,882,126Net Income 2019: $17,7102019Revenue 2020: $1,779,234Expenses 2020: $1,900,519Net Income 2020: -$121,2852020Revenue 2021: $1,737,096Expenses 2021: $1,784,503Net Income 2021: -$47,4072021Revenue 2022: $1,803,539Expenses 2022: $1,989,580Net Income 2022: -$186,0412022Revenue 2023: $2,038,147Expenses 2023: $1,925,891Net Income 2023: $112,2562023Revenue 2024: $2,095,634Expenses 2024: $1,848,895Net Income 2024: $246,7392024

Highlighted filing

2020

Revenue$1,779,234
Expenses$1,900,519
Net Income-$121,285
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 16, 2021
Return Version
2020v4.0
Gross Receipts
$1,779,234
Mission and Program Overview

Mission

Financial Services

Credit union - to provide services to approximately 5,149 members in the form of loans, savings, and other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$21,888,476$21,146,340▼ $742,136
Savings and Temporary Cash Investments$7,989,000$12,340,000▲ $4,351,000
Investments Other Securities$6,711,372$8,459,372▲ $1,748,000
Cash and Non-Interest-Bearing Accounts$4,933,027$7,551,897▲ $2,618,870
Rtn Earn Endowment Incm Other Fnds$2,825,368$2,598,895▼ $226,473
Cap Stk Tr Prin Current Funds$991,166$1,096,353▲ $105,187
Land, Buildings, and Equipment, Net$683,989$847,994▲ $164,005
Prepaid Expenses and Deferred Charges$91,104$63,093▼ $28,011
Total Assets$42,881,064$50,951,849▲ $8,070,785
Other Assets Total$584,096$543,153▼ $40,943
Liabilities
Other Liabilities$38,866,302$46,970,880▲ $8,104,578
Accounts Payable and Accrued Expenses$198,228$285,721▲ $87,493
Total Liabilities$39,064,530$47,256,601▲ $8,192,071
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,816,534$3,695,248▼ $121,286
Total Liabilities and Net Assets / Fund Balance$42,881,064$50,951,849▲ $8,070,785

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$387,340$531,985$919,325
Land$446,899-$446,899
Leasehold Improvements$11,246$12,665$23,911
Other Land Buildings$2,509$1,781$4,290
Other Securities$227,372--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Errol EderGeneral ManaFT$86,165$5,533$91,698
Joy TraxlerController/FT$62,975$16,226$79,201

Board Members and Trustees

NameTitle
David RuhlingBoard Charim
Archie MooreBoard Member
Gary EdgmonBoard Member
Inelda HefferlinBoard Member
Lisa GanoBoard Member
Paul SmithBoard Member
Richard EricksonBoard Vice-c
Fred R FullerCommittee Me
Gerald D PeelCommittee Me
John BeckettCommittee Me
William PhillipsCommittee Me
Olson PerrySecretary
Dennis SteeleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,402,186
Investment Income
$326,580
Other Revenue
$50,468
Change in Net Assets
$-121,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,107,961
Salaries, Compensation, and Employee Benefits$792,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$639,647-$639,647
Office Expenses-$598,291-$598,291
Interest-$118,051-$118,051
Other Employee Benefits-$85,228-$85,228
All Other Expenses-$69,588-$69,588
Occupancy-$65,499-$65,499
Other Expenses-$43,888-$43,888
Payroll Taxes-$40,683-$40,683
Pension Plan Contributions-$27,000-$27,000
Conferences and Meetings-$4,768-$4,768
Total Functional Expenses$0$1,900,519$0$1,900,519
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
Regular Shares$21,482,595
Share Drafts$16,902,918
All Other Shares$8,585,367
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 members are approved by a nominating committee of five membeers. It is composed of three members and two board members. The membership is notified of these selections by mail. The members are then able to nominate their own canidate if they so desire to have an election.”

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 general manager reviews the form after being completed. He compares current year to last year's filing.”

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

“The board of directors montior and enforce the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors does evaluation, sends the evaluation to the secretary who reviews it with personnel committee. Board votes on pay amount.”

Form 990, Page 6, Part VI, Line 19

“The audiyted financial statements are made available at our annual meeting in february. Copies of our annual report are available in our lobby or upon request.”

Filing and Contact Details

Filer

Filer Name
Collegedale Credit Union
EIN
62-0577184
Phone
4233962101
Address
P O BOX 2098, COLLEGEDALE, TN 37315

Signing Officer

Name
Errol Eder
Title
General Manager
Phone
4233962101
Signed
2021-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Errol Eder
Formed
1952
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
20
Volunteers
13

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 relted to duties of the board of directors, nominating committee, and delinquency 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

“Due to rounding 0 due to rounding -1 total -1”

Form 990, Part XII

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

Raw XML AppendixShowing 400 of 413 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/BOYAmt0198228
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0285721
IRS990/AccountsReceivableGrp/BOYAmt021888476
IRS990/AccountsReceivableGrp/EOYAmt021146340
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 5,149 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt069588
IRS990/AllOtherExpensesGrp/TotalAmt069588
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0ERROL EDER
IRS990/BooksInCareOfDetail/PhoneNum04233962101
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 2098
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLLEGEDALE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0373152098
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0991166
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt01096353
IRS990/CashNonInterestBearingGrp/BOYAmt04933027
IRS990/CashNonInterestBearingGrp/EOYAmt07551897
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt04768
IRS990/ConferencesMeetingsGrp/TotalAmt04768
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0326580
IRS990/CYOtherExpensesAmt01107961
IRS990/CYOtherRevenueAmt050468
IRS990/CYProgramServiceRevenueAmt01402186
IRS990/CYRevenuesLessExpensesAmt0-121285
IRS990/CYSalariesCompEmpBnftPaidAmt0792558
IRS990/CYTotalExpensesAmt01900519
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01779234
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/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt01782468
IRS990/FamilyOrBusinessRlnInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt05533
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt116226
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0ERROL EDER
IRS990/Form990PartVIISectionAGrp/PersonNm1JOY TRAXLER
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID RUHLING
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD ERICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm4OLSON PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm5PAUL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6ARCHIE MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm7INELDA HEFFERLIN
IRS990/Form990PartVIISectionAGrp/PersonNm8DENNIS STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA GANO
IRS990/Form990PartVIISectionAGrp/PersonNm10GARY EDGMON
IRS990/Form990PartVIISectionAGrp/PersonNm11WILLIAM PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm12FRED R FULLER
IRS990/Form990PartVIISectionAGrp/PersonNm13JOHN BECKETT
IRS990/Form990PartVIISectionAGrp/PersonNm14GERALD D PEEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt086165
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt162975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt1CONTROLLER/
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHARIM
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD VICE-C
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11COMMITTEE ME
IRS990/Form990PartVIISectionAGrp/TitleTxt12COMMITTEE ME
IRS990/Form990PartVIISectionAGrp/TitleTxt13COMMITTEE ME
IRS990/Form990PartVIISectionAGrp/TitleTxt14COMMITTEE ME
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01779234
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0118051
IRS990/InterestGrp/TotalAmt0118051
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0326580
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0326580
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06711372
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt08459372
IRS990/IRPDocumentCnt0285
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0546431
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0683989
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0847994
IRS990/LandBldgEquipCostOrOtherBssAmt01394425
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 5,149 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03816534
IRS990/NetAssetsOrFundBalancesEOYAmt03695248
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt065499
IRS990/OccupancyGrp/TotalAmt065499
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0598291
IRS990/OfficeExpensesGrp/TotalAmt0598291
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0584096
IRS990/OtherAssetsTotalGrp/EOYAmt0543153
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt085228
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085228
IRS990/OtherExpensesGrp/Desc0MISC OPERATING EXP
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc2EDUCATIONAL & PROMO
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt090874
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt161025
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt255977
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt343888
IRS990/OtherExpensesGrp/TotalAmt090874
IRS990/OtherExpensesGrp/TotalAmt161025
IRS990/OtherExpensesGrp/TotalAmt255977
IRS990/OtherExpensesGrp/TotalAmt343888
IRS990/OtherLiabilitiesGrp/BOYAmt038866302
IRS990/OtherLiabilitiesGrp/EOYAmt046970880
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1LOSS ON DISPOS OF FIXED ASSET
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049645
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1823
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049645
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1823
IRS990/OtherRevenueTotalAmt050468
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0639647
IRS990/OtherSalariesAndWagesGrp/TotalAmt0639647
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040683
IRS990/PayrollTaxesGrp/TotalAmt040683
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt027000
IRS990/PensionPlanContributionsGrp/TotalAmt027000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt091104
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063093
IRS990/PrincipalOfficerNm0ERROL EDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01134003
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1268183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01134003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1268183
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0118051
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0506350
IRS990/PYOtherExpensesAmt01064315
IRS990/PYOtherRevenueAmt035649
IRS990/PYProgramServiceRevenueAmt01357837
IRS990/PYRevenuesLessExpensesAmt017710
IRS990/PYSalariesCompEmpBnftPaidAmt0817811
IRS990/PYTotalExpensesAmt01882126
IRS990/PYTotalRevenueAmt01899836
IRS990/ReconcilationRevenueExpnssAmt0-121285
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02825368
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02598895
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07989000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012340000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0387340
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0531985
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0919325
IRS990ScheduleD/LandGrp/BookValueAmt0446899
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0446899
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011246
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012665
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt023911
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02509
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01781
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021482595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116902918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28585367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ALL OTHER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt08232000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1227372
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PAID IN CAPITAL - VCCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0847994
IRS990ScheduleD/TotalBookValueSecuritiesAmt08459372
IRS990ScheduleD/TotalLiabilityAmt046970880
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELTED TO DUTIES OF THE BOARD OF DIRECTORS, NOMINATING COMMITTEE, AND DELINQUENCY 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 MEMBERS ARE APPROVED BY A NOMINATING COMMITTEE OF FIVE MEMBEERS. IT IS COMPOSED OF THREE MEMBERS AND TWO BOARD MEMBERS. THE MEMBERSHIP IS NOTIFIED OF THESE SELECTIONS BY MAIL. THE MEMBERS ARE THEN ABLE TO NOMINATE THEIR OWN CANIDATE IF THEY SO DESIRE TO HAVE AN ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GENERAL MANAGER REVIEWS THE FORM AFTER BEING COMPLETED. HE COMPARES CURRENT YEAR TO LAST YEAR'S FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS MONTIOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS DOES EVALUATION, SENDS THE EVALUATION TO THE SECRETARY WHO REVIEWS IT WITH PERSONNEL COMMITTEE. BOARD VOTES ON PAY AMOUNT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE AUDIYTED FINANCIAL STATEMENTS ARE MADE AVAILABLE AT OUR ANNUAL MEETING IN FEBRUARY. COPIES OF OUR ANNUAL REPORT ARE AVAILABLE IN OUR LOBBY OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DUE TO ROUNDING 0 DUE TO ROUNDING -1 TOTAL -1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ANNUAL 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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt042881064
IRS990/TotalAssetsEOYAmt050951849
IRS990/TotalAssetsGrp/BOYAmt042881064
IRS990/TotalAssetsGrp/EOYAmt050951849
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01900519
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01900519
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039064530
IRS990/TotalLiabilitiesEOYAmt047256601
IRS990/TotalLiabilitiesGrp/BOYAmt039064530
IRS990/TotalLiabilitiesGrp/EOYAmt047256601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03816534
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03695248
IRS990/TotalOtherCompensationAmt021759
IRS990/TotalProgramServiceExpensesAmt01900519
IRS990/TotalProgramServiceRevenueAmt01402186
IRS990/TotalReportableCompFromOrgAmt0149140
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01779234
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01779234
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042881064
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt050951849
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 2098
IRS990/USAddress/CityNm0COLLEGEDALE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd0373152098
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.COLLEGEDALE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERROL EDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum04233962101
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLEGEDALE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0620577184
ReturnHeader/Filer/PhoneNum04233962101
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 2098
ReturnHeader/Filer/USAddress/CityNm0COLLEGEDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037315
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CU AUDIT & COMPLIANCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03692 COOLIDGE CT

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
$50,951,849
Liabilities
$47,256,601
Net assets
$3,695,248
Revenue
$1,779,234
Expenses
$1,900,519
Net income
-$121,285
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$41.5$37.8$3.75$2.10$1.85$0.25
2023Detailed filing. Detailed filing data is available for this year.$44.9$41.4$3.50$2.04$1.93$0.11
2022Detailed filing. Detailed filing data is available for this year.$47.5$44.1$3.46$1.80$1.99$0.19
2021Detailed filing. Detailed filing data is available for this year.$51.7$48.0$3.65$1.74$1.78$0.05
2020Detailed filing. Detailed filing data is available for this year.$51.0$47.3$3.70$1.78$1.90$0.12
2019Detailed filing. Detailed filing data is available for this year.$42.9$39.1$3.82$1.90$1.88$0.02
2018Detailed filing. Detailed filing data is available for this year.$45.7$41.9$3.80$1.89$1.76$0.14
2017Summary only. Only limited summary data is available for this year.$44.1$40.5$3.66$1.68$1.62$0.06
2016Detailed filing. Detailed filing data is available for this year.$43.6$40.0$3.60$1.58$1.63$0.05
2015Detailed filing. Detailed filing data is available for this year.$41.2$37.6$3.66$1.54$1.52$0.02
2014Detailed filing. Detailed filing data is available for this year.$37.8$34.1$3.64$1.60$1.55$0.05
2013Detailed filing. Detailed filing data is available for this year.$40.1$36.5$3.59$1.61$1.55$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.9$31.4$3.52$1.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$34.2$3.43$1.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$30.3$3.35$1.75