Civic Intelligence

Life Credit Union

990 • Fiscal year 2019 • EIN 62-0607232

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 23, 2020

Organization ProfileWWW.LIFECU.ORG

View Organization Page

2010 Church St No 204Nashville, TN 37203-2078

(615) 230-5433

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.88x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

13th percentile

11.86x

Higher debt load relative to revenue than 13% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

18th percentile

4.2%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$154,368

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

40th percentile

0.8%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-0.4%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Flat

$34,355,140

Flat from 2019

Net Assets

Flat

$4,084,881

Flat from 2019

Liabilities

Flat

$30,270,259

Flat from 2019

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin18th percentile

Revenue

Flat

$2,552,637

Flat from 2019

Expenses

Flat

$2,446,029

Flat from 2019

Net Income

Flat

$106,608

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$60M$40M$20M$0Assets 2010: $22,823,148Liabilities 2010: $20,038,663Net Assets 2010: $2,784,4852010Assets 2011: $25,059,165Liabilities 2011: $22,236,135Net Assets 2011: $2,823,0302011Assets 2012: $28,478,081Liabilities 2012: $25,401,078Net Assets 2012: $3,077,0032012Assets 2013: $29,676,076Liabilities 2013: $26,333,531Net Assets 2013: $3,342,5452013Assets 2014: $30,258,122Liabilities 2014: $26,687,439Net Assets 2014: $3,570,6832014Assets 2015: $31,506,230Liabilities 2015: $27,803,547Net Assets 2015: $3,702,6832015Assets 2016: $32,616,361Liabilities 2016: $28,764,507Net Assets 2016: $3,851,8542016Assets 2017: $33,830,548Liabilities 2017: $29,806,380Net Assets 2017: $4,024,1682017Assets 2018: $34,081,458Liabilities 2018: $30,103,185Net Assets 2018: $3,978,2732018Assets 2019: $34,355,140Liabilities 2019: $30,270,259Net Assets 2019: $4,084,8812019Assets 2019: $34,355,140Liabilities 2019: $30,270,259Net Assets 2019: $4,084,8812019Assets 2020: $41,044,841Liabilities 2020: $37,169,338Net Assets 2020: $3,875,5032020

Highlighted filing

2019

Assets$34,355,140
Liabilities$30,270,259
Net Assets$4,084,881
Open 2019 Filing

Operations Trend

Revenue Growth13th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,921,8732010Revenue 2011: $2,273,633Expenses 2011: $2,205,606Net Income 2011: $68,0272011Expenses 2012: $2,065,9382012Revenue 2013: $2,242,853Expenses 2013: $1,977,311Net Income 2013: $265,5422013Revenue 2014: $2,194,386Expenses 2014: $1,966,220Net Income 2014: $228,1662014Revenue 2015: $2,200,676Expenses 2015: $2,068,704Net Income 2015: $131,9722015Revenue 2016: $2,388,715Expenses 2016: $2,239,544Net Income 2016: $149,1712016Revenue 2017: $2,482,818Expenses 2017: $2,310,504Net Income 2017: $172,3142017Revenue 2018: $2,561,707Expenses 2018: $2,607,602Net Income 2018: -$45,8952018Revenue 2019: $2,552,637Expenses 2019: $2,446,029Net Income 2019: $106,6082019Revenue 2019: $2,552,637Expenses 2019: $2,446,029Net Income 2019: $106,6082019Revenue 2020: $2,184,095Expenses 2020: $2,393,473Net Income 2020: -$209,3782020

Highlighted filing

2019

Revenue$2,552,637
Expenses$2,446,029
Net Income$106,608
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 23, 2020
Return Version
2019v5.1
Gross Receipts
$2,552,637
Mission and Program Overview

Mission

Provide quality, personal service that meets or exceeds member needs. Our goal is to develop and promote competitively-priced financial serivces, and deliver those services in a professional, convenient, efficient and cost effective manner.

Life credit union exists to create personalized, lifelong financial relationships with every member we serve. We offer an extensive line of loan services, and savings and checking accounts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$27,843,289$28,454,844▲ $611,555
Savings and Temporary Cash Investments$4,602,262$4,495,877▼ $106,385
Rtn Earn Endowment Incm Other Fnds$3,198,273$3,304,881▲ $106,608
Cap Stk Tr Prin Current Funds$780,000$780,000→ $0
Cash and Non-Interest-Bearing Accounts$420,698$577,906▲ $157,208
Receivables From Officers Etc$514,686$145,409▼ $369,277
Prepaid Expenses and Deferred Charges$38,948$54,121▲ $15,173
Land, Buildings, and Equipment, Net$50,169$31,028▼ $19,141
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$34,081,458$34,355,140▲ $273,682
Other Assets Total$611,406$595,955▼ $15,451
Liabilities
Other Liabilities$30,129,925$30,612,077▲ $482,152
Accounts Payable and Accrued Expenses$-26,740$-341,818▼ $315,078
Total Liabilities$30,103,185$30,270,259▲ $167,074
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,978,273$4,084,881▲ $106,608
Total Liabilities and Net Assets / Fund Balance$34,081,458$34,355,140▲ $273,682

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,028$448,139-
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Pam TenpennyPresident/CEOFT$154,368$154,368

Board Members and Trustees

NameTitle
Bubba McintoshChair Person
Jennifer CauseyBoard Member
Justin LawsonBoard Member
Robert FittersBoard Member
Robin BaggettBoard Member
Jim DrewSecretary
Alex WhitleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$757,675
Program Service Revenue
$1,688,811
Investment Income
$76,600
Other Revenue
$29,551
Change in Net Assets
$106,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,489,147
Salaries, Compensation, and Employee Benefits$956,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$595,261
All Other Expenses---$366,005
Fees for Services Accounting---$232,367
Interest---$221,183
Current Officers, Directors, Trustees, and Key Employees---$154,368
Occupancy---$150,398
Other Employee Benefits---$119,161
Other Expenses---$89,488
Payroll Taxes---$57,647
Depreciation Depletion---$32,505
Pension Plan Contributions---$30,445
Travel---$4,850
Fees for Services Legal---$3,550
Conferences and Meetings---$3,000
Total Functional Expenses$0$0$0$2,446,029
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 Officers, Directors, Trustees, and Key Employees$514,686$145,409▼ $369,277
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares & Deposits$30,612,077
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Each individual who opens a share/savings account becomes a member of the credit union.”

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

“Each individual who opens an account with the credit union becomes a member. The members vote on the board of directors.”

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

“Each individual who opens an account with the credit union becomes a member. The members vote on the board of directors.”

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

“The 990 is reviewed by the president/ceo before filing. Any board member can request a copy of the 990.”

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

“A code of conduct is signed annually.”

Form 990, Part VI, Section B, Line 15

“A software package is utilized that gives comparability data for personnel based on comparable industries and markets. Each officer and/or employee receives an annual review.”

Form 990, Part VI, Section C, Line 19

“Copies will be provided upon request.”

Filing and Contact Details

Filer

Filer Name
Life Credit Union
EIN
62-0607232
Phone
6152305433
Address
2010 CHURCH ST NO 204, NASHVILLE, TN 37203-2078

Signing Officer

Name
Pam Tenpenny
Title
President/CEO
Phone
6152305433
Signed
2020-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pam Tenpenny
Formed
1958
Legal Domicile
Tn
Voting Board Members
3,983
Independent Board Members
3,983
Employees
15
Volunteers
12

Preparer

Firm
Carr Riggs & Ingram LLC
Address
3011 ARMORY DRIVE SUITE 190, NASHVILLE, TN 37204
Preparer
Richard W Betts
Phone
6156651811
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Credit card program expense 59,401. Publicity and promotions 41,000. Processing fees 39,045. Kasasa account rewards 37,464. Other expenses 29,934. Surety bond insurance 21,754. Bank service charges 18,024. Credit card rewards expense 18,004. Kasasa atm refunds 15,845. Equipment rental and maintenance 15,344. Telephone 13,825. Association dues 12,777. Other loan servicing expense 11,208. Supervisory audit fees 11,200. Other office operations 9,601. Stationary & supplies 8,298. Postage - shipping 2,310. Prepaid debit cards expense 713. Visa gift card expenses 258.”

Raw XML AppendixShowing 400 of 408 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0-26740
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0-341818
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LIFE CREDIT UNION EXISTS TO CREATE PERSONALIZED, LIFELONG FINANCIAL RELATIONSHIPS WITH EVERY MEMBER WE SERVE. WE OFFER AN EXTENSIVE LINE OF LOAN SERVICES, AND SAVINGS AND CHECKING ACCOUNTS.
IRS990/AllOtherExpensesGrp/TotalAmt0366005
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PAM TENPENNY
IRS990/BooksInCareOfDetail/PhoneNum06152305433
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02010 CHURCH ST STE 204
IRS990/BooksInCareOfDetail/USAddress/CityNm0NASHVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0372032078
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0780000
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0780000
IRS990/CashNonInterestBearingGrp/BOYAmt0420698
IRS990/CashNonInterestBearingGrp/EOYAmt0577906
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0154368
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt03000
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0757675
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt076600
IRS990/CYOtherExpensesAmt01489147
IRS990/CYOtherRevenueAmt029551
IRS990/CYProgramServiceRevenueAmt01688811
IRS990/CYRevenuesLessExpensesAmt0106608
IRS990/CYSalariesCompEmpBnftPaidAmt0956882
IRS990/CYTotalExpensesAmt02446029
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02552637
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt032505
IRS990/Desc0PROVIDING FINANCIAL SERVICES FOR APPROXIMATELY 4000 MEMBERS INCLUDING SAVINGS, CHECKING, LOANS, CONSUMER RESEARCH AND FINANCIAL COUNSELING
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt0232367
IRS990/FeesForServicesLegalGrp/TotalAmt03550
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0BUBBA MCINTOSH
IRS990/Form990PartVIISectionAGrp/PersonNm1ALEX WHITLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2JIM DREW
IRS990/Form990PartVIISectionAGrp/PersonNm3JENNIFER CAUSEY
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT FITTERS
IRS990/Form990PartVIISectionAGrp/PersonNm5JUSTIN LAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBIN BAGGETT
IRS990/Form990PartVIISectionAGrp/PersonNm7PAM TENPENNY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7154368
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/TitleTxt0CHAIR PERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01958
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03983
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02552637
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03983
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt0221183
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt076600
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt076600
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0519
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0448139
IRS990/LandBldgEquipBasisNetGrp/BOYAmt050169
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031028
IRS990/LandBldgEquipCostOrOtherBssAmt0479167
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0757675
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE QUALITY, PERSONAL SERVICE THAT MEETS OR EXCEEDS MEMBER NEEDS. OUR GOAL IS TO DEVELOP AND PROMOTE COMPETITIVELY-PRICED FINANCIAL SERVICES AND DELIVER THOSE SERVICES IN A PROFESSIONAL, CONVENIENT, EFFICIENT AND COST EFFECTIVE MANNER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03978273
IRS990/NetAssetsOrFundBalancesEOYAmt04084881
IRS990/NetUnrelatedBusTxblIncmAmt0-21700
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0150398
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0611406
IRS990/OtherAssetsTotalGrp/EOYAmt0595955
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0119161
IRS990/OtherExpensesGrp/Desc0DEBIT CARD EXPENSES
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2OTHER OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3ATM FEES
IRS990/OtherExpensesGrp/TotalAmt0182472
IRS990/OtherExpensesGrp/TotalAmt1102511
IRS990/OtherExpensesGrp/TotalAmt2100818
IRS990/OtherExpensesGrp/TotalAmt389488
IRS990/OtherLiabilitiesGrp/BOYAmt030129925
IRS990/OtherLiabilitiesGrp/EOYAmt030612077
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0INS PROCESS FEES, WARR
IRS990/OtherRevenueMiscGrp/Desc1NON MEMBER ATM FEE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016767
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112784
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt016767
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt112784
IRS990/OtherRevenueTotalAmt029551
IRS990/OtherSalariesAndWagesGrp/TotalAmt0595261
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt027843289
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028454844
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt057647
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt030445
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038948
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054121
IRS990/PrincipalOfficerNm0PAM TENPENNY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01688811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01688811
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0740566
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt070906
IRS990/PYOtherExpensesAmt01534142
IRS990/PYOtherRevenueAmt034502
IRS990/PYProgramServiceRevenueAmt01715733
IRS990/PYRevenuesLessExpensesAmt0-45895
IRS990/PYSalariesCompEmpBnftPaidAmt01073460
IRS990/PYTotalExpensesAmt02607602
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02561707
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0514686
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0145409
IRS990/ReconcilationRevenueExpnssAmt0106608
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03198273
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03304881
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04602262
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04495877
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt031028
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0448139
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0479167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030612077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES & DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031028
IRS990ScheduleD/TotalLiabilityAmt030612077
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154368
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAM TENPENNY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154368
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12070
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2143339
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3LOC, AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0151579
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt124000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2223617
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3235486
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LESLIE WHITLEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JIM DREW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2ROBIN BAGGETT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3BENITA HARP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3VICE PRESIDENT (FORMER)
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/TotalBalanceDueAmt0145409
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH INDIVIDUAL WHO OPENS A SHARE/SAVINGS ACCOUNT BECOMES A MEMBER OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH INDIVIDUAL WHO OPENS AN ACCOUNT WITH THE CREDIT UNION BECOMES A MEMBER. THE MEMBERS VOTE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH INDIVIDUAL WHO OPENS AN ACCOUNT WITH THE CREDIT UNION BECOMES A MEMBER. THE MEMBERS VOTE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE PRESIDENT/CEO BEFORE FILING. ANY BOARD MEMBER CAN REQUEST A COPY OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A CODE OF CONDUCT IS SIGNED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A SOFTWARE PACKAGE IS UTILIZED THAT GIVES COMPARABILITY DATA FOR PERSONNEL BASED ON COMPARABLE INDUSTRIES AND MARKETS. EACH OFFICER AND/OR EMPLOYEE RECEIVES AN ANNUAL REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COPIES WILL BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREDIT CARD PROGRAM EXPENSE 59,401. PUBLICITY AND PROMOTIONS 41,000. PROCESSING FEES 39,045. KASASA ACCOUNT REWARDS 37,464. OTHER EXPENSES 29,934. SURETY BOND INSURANCE 21,754. BANK SERVICE CHARGES 18,024. CREDIT CARD REWARDS EXPENSE 18,004. KASASA ATM REFUNDS 15,845. EQUIPMENT RENTAL AND MAINTENANCE 15,344. TELEPHONE 13,825. ASSOCIATION DUES 12,777. OTHER LOAN SERVICING EXPENSE 11,208. SUPERVISORY AUDIT FEES 11,200. OTHER OFFICE OPERATIONS 9,601. STATIONARY & SUPPLIES 8,298. POSTAGE - SHIPPING 2,310. PREPAID DEBIT CARDS EXPENSE 713. VISA GIFT CARD EXPENSES 258.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt034081458
IRS990/TotalAssetsEOYAmt034355140
IRS990/TotalAssetsGrp/BOYAmt034081458
IRS990/TotalAssetsGrp/EOYAmt034355140
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0757675
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/TotalAmt02446029
IRS990/TotalGrossUBIAmt029551
IRS990/TotalLiabilitiesBOYAmt030103185
IRS990/TotalLiabilitiesEOYAmt030270259
IRS990/TotalLiabilitiesGrp/BOYAmt030103185
IRS990/TotalLiabilitiesGrp/EOYAmt030270259
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03978273
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04084881
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01688811
IRS990/TotalReportableCompFromOrgAmt0154368
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01765411
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02552637
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt029551
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034081458
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034355140
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt04850
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02010 CHURCH STREET SUITE 204
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037203
IRS990/VotingMembersGoverningBodyCnt03983
IRS990/VotingMembersIndependentCnt03983
IRS990/WebsiteAddressTxt0WWW.LIFECU.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAM TENPENNY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06152305433
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0620607232
ReturnHeader/Filer/PhoneNum06152305433
ReturnHeader/Filer/USAddress/AddressLine1Txt02010 CHURCH ST NO 204
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0372032078
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02507241EAEDDA0E2A5C262FECDCE1E4FED8DA07F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0159.100.161.121
ReturnHeader/FilingSecurityInformation/IPDt02020-07-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:33:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721399621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03011 ARMORY DRIVE SUITE 190
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037204

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,355,140
Liabilities
$30,270,259
Net assets
$4,084,881
Revenue
$2,552,637
Expenses
$2,446,029
Net income
$106,608
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.0$37.2$3.88$2.18$2.39$0.21
2019Detailed filing. Detailed filing data is available for this year.$34.4$30.3$4.08$2.55$2.45$0.11
2019Summary only. Only limited summary data is available for this year.$34.4$30.3$4.08$2.55$2.45$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$30.1$3.98$2.56$2.61$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.8$29.8$4.02$2.48$2.31$0.17
2016Summary only. Only limited summary data is available for this year.$32.6$28.8$3.85$2.39$2.24$0.15
2015Summary only. Only limited summary data is available for this year.$31.5$27.8$3.70$2.20$2.07$0.13
2014Detailed filing. Detailed filing data is available for this year.$30.3$26.7$3.57$2.19$1.97$0.23
2013Detailed filing. Detailed filing data is available for this year.$29.7$26.3$3.34$2.24$1.98$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.5$25.4$3.08$2.07
2011Summary only. Only limited summary data is available for this year.$25.1$22.2$2.82$2.27$2.21$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.8$20.0$2.78$1.92