Civic Intelligence

Memorial Credit Union

EIN 62-0695369 • 501(c)14 • Chattanooga, TN

View Organization Page

Profile

Provide services for approximately 2500 members in form of loans, term certificates, share draft accounts and savings accounts.

6800 Longview RdChattanooga, TN 37421

memorialcreditunion.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.86x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

45th percentile

14.31x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2025

Net Margin

41st percentile

0.7%

Higher net margin than 41% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

70th percentile

$77,800

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2025

Asset Growth

68th percentile

1.4%

Faster asset growth than 68% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

48th percentile

5.3%

Faster revenue growth than 48% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$7,016,460

Down $1,035,098 (-13%) from 2023

Liabilities

Down

$6,033,846

Down $1,005,691 (-14%) from 2023

Net Assets

Down

$982,614

Down $29,407 (-2.9%) from 2023

Operations
Liabilities / Revenue45th percentileNet Margin41st percentile

Revenue

Up

$406,628

Up $23,990 (+6.3%) from 2023

Expenses

Up

$436,035

Up $4,338 (+1.0%) from 2023

Net Income

Up

-$29,407

Up $19,652 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

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

$10M$5.0M$0Assets 2011: $8,062,909Liabilities 2011: $6,669,515Net Assets 2011: $1,393,3942011Assets 2012: $7,918,298Liabilities 2012: $6,623,790Net Assets 2012: $1,294,5082012Assets 2013: $7,515,800Liabilities 2013: $6,245,256Net Assets 2013: $1,270,5442013Assets 2014: $7,610,494Liabilities 2014: $6,331,176Net Assets 2014: $1,279,3182014Assets 2015: $7,806,103Liabilities 2015: $6,514,557Net Assets 2015: $1,291,5462015Assets 2016: $7,474,673Liabilities 2016: $6,182,281Net Assets 2016: $1,292,3922016Assets 2017: $7,713,515Liabilities 2017: $6,416,818Net Assets 2017: $1,296,6972017Assets 2018: $7,335,130Liabilities 2018: $6,011,214Net Assets 2018: $1,323,9162018Assets 2019: $7,458,085Liabilities 2019: $6,129,912Net Assets 2019: $1,328,1732019Assets 2020: $8,121,441Liabilities 2020: $6,876,524Net Assets 2020: $1,244,9172020Assets 2021: $8,766,418Liabilities 2021: $7,637,047Net Assets 2021: $1,129,3712021Assets 2022: $8,214,571Liabilities 2022: $7,146,741Net Assets 2022: $1,067,8302022Assets 2023: $8,051,558Liabilities 2023: $7,039,537Net Assets 2023: $1,012,0212023Assets 2024: $7,016,460Liabilities 2024: $6,033,846Net Assets 2024: $982,6142024

Highlighted filing

2024

Assets$7,016,460
Liabilities$6,033,846
Net Assets$982,614
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $513,9222011Expenses 2012: $467,7192012Revenue 2013: $409,296Expenses 2013: $434,193Net Income 2013: -$24,8972013Revenue 2014: $383,134Expenses 2014: $396,163Net Income 2014: -$13,0292014Revenue 2015: $380,267Expenses 2015: $374,888Net Income 2015: $5,3792015Revenue 2016: $384,024Expenses 2016: $381,941Net Income 2016: $2,0832016Revenue 2017: $388,097Expenses 2017: $380,618Net Income 2017: $7,4792017Revenue 2018: $397,921Expenses 2018: $385,211Net Income 2018: $12,7102018Revenue 2019: $407,997Expenses 2019: $384,883Net Income 2019: $23,1142019Revenue 2020: $366,808Expenses 2020: $415,836Net Income 2020: -$49,0282020Revenue 2021: $315,980Expenses 2021: $430,077Net Income 2021: -$114,0972021Revenue 2022: $326,694Expenses 2022: $427,706Net Income 2022: -$101,0122022Revenue 2023: $382,638Expenses 2023: $431,697Net Income 2023: -$49,0592023Revenue 2024: $406,628Expenses 2024: $436,035Net Income 2024: -$29,4072024

Highlighted filing

2024

Revenue$406,628
Expenses$436,035
Net Income-$29,407
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,016,460
Liabilities
$6,033,846
Net assets
$982,614
Revenue
$406,628
Expenses
$436,035
Net income
-$29,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.02$6.03$0.98$0.41$0.44$0.03
2023Summary only. Only limited summary data is available for this year.$8.05$7.04$1.01$0.38$0.43$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.21$7.15$1.07$0.33$0.43$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.77$7.64$1.13$0.32$0.43$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.12$6.88$1.24$0.37$0.42$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.46$6.13$1.33$0.41$0.38$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.34$6.01$1.32$0.40$0.39$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.71$6.42$1.30$0.39$0.38$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$6.18$1.29$0.38$0.38$0.00
2015Detailed filing. Detailed filing data is available for this year.$7.81$6.51$1.29$0.38$0.37$0.01
2014Summary only. Only limited summary data is available for this year.$7.61$6.33$1.28$0.38$0.40$0.01
2013Detailed filing. Detailed filing data is available for this year.$7.52$6.25$1.27$0.41$0.43$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.92$6.62$1.29$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.06$6.67$1.39$0.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 9, 2025
Return Version
2024v5.1
Gross Receipts
$406,628
Mission and Program Overview

Mission

Provide services for approximately 2500 members in form of loans, term certificates, share draft accounts and savings accounts.

Provide services for approximately 2500 members in form of loans, term certificates, share draft accounts and savings accounts

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,071,182$4,060,334▼ $1,010,848
Investments in Publicly Traded Securities$2,071,817$2,207,611▲ $135,794
Rtn Earn Endowment Incm Other Fnds$598,196$568,789▼ $29,407
Cap Stk Tr Prin Current Funds$413,825$413,825→ $0
Land, Buildings, and Equipment, Net$393,232$382,344▼ $10,888
Cash and Non-Interest-Bearing Accounts$444,580$245,506▼ $199,074
Intangible Assets$70,747$120,665▲ $49,918
Total Assets$8,051,558$7,016,460▼ $1,035,098
Liabilities
Unsecured Notes Loans Payable$7,024,282$6,016,131▼ $1,008,151
Accounts Payable and Accrued Expenses$15,255$17,715▲ $2,460
Total Liabilities$7,039,537$6,033,846▼ $1,005,691
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,012,021$982,614▼ $29,407
Total Liabilities and Net Assets / Fund Balance$8,051,558$7,016,460▼ $1,035,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$65,447-
Land$370,866--
Equipment$4,535$75,811-
Leasehold Improvements$6,943$3,747-
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Derrick RumphCEOFT$76,000$76,000
Buffy DavisAssistant ManagerFT$53,000$53,000

Board Members and Trustees

NameTitle
Shaun PopeBoard Member and Supervisory Chair
Terry TaggartChairman
Gregory BootsVice Chairperson
Benjamin YoungBoard Member
Karen SloanBoard Member
David DiercksSecretary
Kathryn DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,680
Program Service Revenue
$0
Investment Income
$53,177
Other Revenue
$270,771
Change in Net Assets
$-29,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$271,678
Other Expenses$164,357
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$247,042--$247,042
Information Technology$58,149--$58,149
Office Expenses$40,086--$40,086
Occupancy$16,024--$16,024
Payroll Taxes$13,280--$13,280
Other Employee Benefits$11,356--$11,356
Fees for Services Accounting$7,700--$7,700
Interest$3,901--$3,901
Other Expenses$3,409--$3,409
Conferences and Meetings$2,008--$2,008
Travel$1,375--$1,375
Fees for Services Other$850--$850
Total Functional Expenses$436,035$0$0$436,035
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“GOVERNING BODY REVIEW”

CEO executive director top management comp Part VI line 15A

“Based on an average of the tristate area”

Governing documents etc available to public Part VI line 19

“Available to public at office during normal business hours”

Filing and Contact Details

Filer

Filer Name
Memorial Credit Union
EIN
62-0695369
In Care Of
% BUFFY DAVIS
Phone
4238551770
Address
6800 LONGVIEW RD, CHATTANOOGA, TN 37421

Signing Officer

Name
Buffy Davis
Title
CFO
Phone
4238551770
Signed
2025-04-09
Discuss with paid preparer
No

Organization Details

Formed
1960
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
5

Preparer

Firm
Schultz and Associates Inc
Address
6310 Bonny Oaks Drive, Chattanooga, TN 37416
Preparer
Mary Kirby
Phone
4238991130
Raw XML Appendix356 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
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd037421
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0BUFFY DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04238551770
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMORIAL CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MEMO
ReturnHeader/Filer/EIN0620695369
ReturnHeader/Filer/InCareOfNm0% BUFFY DAVIS
ReturnHeader/Filer/PhoneNum04238551770
ReturnHeader/Filer/USAddress/AddressLine1Txt06800 LONGVIEW RD
ReturnHeader/Filer/USAddress/CityNm0CHATTANOOGA
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ReturnHeader/Filer/USAddress/ZIPCd037421
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621553378
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Schultz and Associates Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06310 Bonny Oaks Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chattanooga
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037416
ReturnHeader/PreparerPersonGrp/PhoneNum04238991130
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY KIRBY
ReturnHeader/ReturnTs02025-05-30T15:07:41-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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