Civic Intelligence

Lifeway Credit Union

990 • Fiscal year 2020 • EIN 62-6041064

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileLIFEWAYCU.ORG

View Organization Page

1 Lifeway Plaza 20Nashville, TN 37234

(615) 251-2089

Siviq Scores

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

Liabilities / Assets

69th percentile

0.90x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

26.17x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

19th percentile

1.2%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

67th percentile

$122,457

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

17th percentile

8.6%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

-5.0%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$47,267,745

Up $3,746,345 (+8.6%) from 2019

Net Assets

Down

$4,707,143

Down $3,551 (-0.1%) from 2019

Liabilities

Up

$42,560,602

Up $3,749,896 (+9.7%) from 2019

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin19th percentile

Revenue

Down

$1,626,571

Down $85,061 (-5.0%) from 2019

Expenses

Down

$1,607,561

Down $45,495 (-2.8%) from 2019

Net Income

Down

$19,010

Down $39,566 (-68%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$60M$40M$20M$0Assets 2010: $42,690,153Liabilities 2010: $37,353,546Net Assets 2010: $5,336,6072010Assets 2011: $45,217,033Liabilities 2011: $39,666,668Net Assets 2011: $5,550,3652011Assets 2012: $48,578,019Liabilities 2012: $42,785,359Net Assets 2012: $5,792,6602012Assets 2013: $47,944,923Liabilities 2013: $42,084,590Net Assets 2013: $5,860,3332013Assets 2014: $48,861,644Liabilities 2014: $42,703,728Net Assets 2014: $6,157,9162014Assets 2015: $48,054,345Liabilities 2015: $42,593,692Net Assets 2015: $5,460,6532015Assets 2016: $46,107,685Liabilities 2016: $41,730,771Net Assets 2016: $4,376,9142016Assets 2017: $43,817,851Liabilities 2017: $39,311,418Net Assets 2017: $4,506,4332017Assets 2018: $43,679,291Liabilities 2018: $39,027,173Net Assets 2018: $4,652,1182018Assets 2019: $43,521,400Liabilities 2019: $38,810,706Net Assets 2019: $4,710,6942019Assets 2020: $47,267,745Liabilities 2020: $42,560,602Net Assets 2020: $4,707,1432020Assets 2021: $47,682,396Liabilities 2021: $43,217,094Net Assets 2021: $4,465,3022021Assets 2022: $42,251,248Liabilities 2022: $38,237,112Net Assets 2022: $4,014,1362022Assets 2023: $38,532,997Liabilities 2023: $35,006,128Net Assets 2023: $3,526,8692023Assets 2024: $37,971,210Liabilities 2024: $34,669,660Net Assets 2024: $3,301,5502024

Highlighted filing

2020

Assets$47,267,745
Liabilities$42,560,602
Net Assets$4,707,143
Open 2020 Filing

Operations Trend

Revenue Growth53rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $1,548,5722010Expenses 2011: $1,510,5472011Expenses 2012: $1,443,7402012Revenue 2013: $1,546,231Expenses 2013: $1,439,088Net Income 2013: $107,1432013Revenue 2014: $1,608,927Expenses 2014: $1,320,512Net Income 2014: $288,4152014Revenue 2015: $1,837,080Expenses 2015: $2,531,448Net Income 2015: -$694,3682015Revenue 2016: $1,525,079Expenses 2016: $2,611,804Net Income 2016: -$1,086,7252016Revenue 2017: $1,425,190Expenses 2017: $1,345,019Net Income 2017: $80,1712017Revenue 2018: $1,605,788Expenses 2018: $1,479,776Net Income 2018: $126,0122018Revenue 2019: $1,711,632Expenses 2019: $1,653,056Net Income 2019: $58,5762019Revenue 2020: $1,626,571Expenses 2020: $1,607,561Net Income 2020: $19,0102020Revenue 2021: $1,242,004Expenses 2021: $1,483,845Net Income 2021: -$241,8412021Revenue 2022: $1,203,640Expenses 2022: $1,654,806Net Income 2022: -$451,1662022Revenue 2023: $1,445,218Expenses 2023: $1,812,740Net Income 2023: -$367,5222023Revenue 2024: $1,778,489Expenses 2024: $2,003,808Net Income 2024: -$225,3192024

Highlighted filing

2020

Revenue$1,626,571
Expenses$1,607,561
Net Income$19,010
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,626,571
Mission and Program Overview

Mission

Providing credit union services

The purposes of this credit union shall be to promote good economic management, to issue shares and maintain accounts, to make loans to its memebers at resonable rates of interest for prudent purposes, to invest any surplus not required for lans to memebers in the way and manner provided by law, and to exercise those functions described in the laws of the state of tennessee authorizing the organziation of credit unions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$22,631,496$26,052,522▲ $3,421,026
Investments Program Related$19,752,018$19,746,282▼ $5,736
Rtn Earn Endowment Incm Other Fnds$4,710,694$4,707,143▼ $3,551
Cash and Non-Interest-Bearing Accounts$275,390$228,868▼ $46,522
Prepaid Expenses and Deferred Charges-$200,125-
Land, Buildings, and Equipment, Net$172,763$145,386▼ $27,377
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$43,522,498$47,267,745▲ $3,745,247
Other Assets Total$690,831$894,562▲ $203,731
Liabilities
Other Liabilities$38,594,441$42,311,857▲ $3,717,416
Accounts Payable and Accrued Expenses$217,363$248,745▲ $31,382
Total Liabilities$38,811,804$42,560,602▲ $3,748,798
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,710,694$4,707,143▼ $3,551
Total Liabilities and Net Assets / Fund Balance$43,522,498$47,267,745▲ $3,745,247

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$97,686$68,471$166,157
Leasehold Improvements$47,700$33,435$81,135
Investment Program Related Org$297,897--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Doug ClintonCEOFT$122,457$122,457

Board Members and Trustees

NameTitle
Keith BevillChairman
Phyllis YoungChairman
Owen JonesVice Chairman
David YowellBoard Member
Mary Anne MaulbeckBoard Member
Mike PuckettBoard Member
Phil ByrdBoard Member
Ron ChandlerBoard Member
Shelly RichardsonBoard Member
Steve AcklinBoard Member
Tracy BrooksSecretary
Royce ArmstrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,075,497
Investment Income
$316,512
Other Revenue
$234,562
Change in Net Assets
$19,010

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,626,571
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,626,571
Total Revenue per Form 990
$1,626,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,041,250
Salaries, Compensation, and Employee Benefits$566,311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$461,887
Interest---$165,951
Other Employee Benefits---$104,424
All Other Expenses---$94,817
Other Expenses---$67,162
Total Functional Expenses$0$0$0$1,607,561

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,607,561
Total Expenses per Audited Statements$1,607,561
Total Expenses per Form 990$1,607,561
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Shares$42,278,185
Dividends Payable$33,661
Ira Withholding$11
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
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 B, Line 11B

“The accounting manager and ceo review form 990 for accuracy prior to filing”

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

“Annual certification is obtained”

Form 990, Part VI, Section B, Line 15

“Ceo compensation is determined by the board of directors who are independent”

Form 990, Part VI, Section C, Line 19

“Governing documents are available at annual shareholder meeting and are available upon request. Regulatory filings of financial and operational data are available to the public via the internet.”

Filing and Contact Details

Filer

Filer Name
Lifeway Credit Union
EIN
62-6041064
Phone
6152512089
Address
1 LIFEWAY PLAZA 20, NASHVILLE, TN 37234

Signing Officer

Name
Doug Clinton
Title
CEO
Phone
6152512089
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Clinton
Formed
1954
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
8
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 XII, Page 12, Line 2C

“The committee that assumes responsibility for oversight of the audit and selection of of an independent accountant has not changed its process.”

Raw XML AppendixShowing 400 of 409 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.

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IRS990/ActivityOrMissionDesc0THE PURPOSES OF THIS CREDIT UNION SHALL BE TO PROMOTE GOOD ECONOMIC MANAGEMENT, TO ISSUE SHARES AND MAINTAIN ACCOUNTS, TO MAKE LOANS TO ITS MEMEBERS AT RESONABLE RATES OF INTEREST FOR PRUDENT PURPOSES, TO INVEST ANY SURPLUS NOT REQUIRED FOR LANS TO MEMEBERS IN THE WAY AND MANNER PROVIDED BY LAW, AND TO EXERCISE THOSE FUNCTIONS DESCRIBED IN THE LAWS OF THE STATE OF TENNESSEE AUTHORIZING THE ORGANZIATION OF CREDIT UNIONS.
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IRS990/Desc0AT 12/31/20, LIFEWAY CREDIT UNION (LCU) HAS 1 LOCATION IN NASHVILLE, TN. LCU OFFERS A WIDE RANGE OF CONSUMER CREDIT AND DEPOSIT PRODUCTS & SERVICES. THESE INCLUDE CREDIT CARDS, SECURED AND UNSECURED TERM AND REVOLVING LOANS, RESIDENTIAL CONSTRUCTION AND PERMANENT MORTGAGE LENDING. KEY DATA AS OF DECEMBER 31, 2020 INCLUDE 1 LOCATION, 8 EMPLOYEES, 2,601 MEMBERS, 7,411 LOAN ACCOUNTS, 6,182 PARTICIPATION LOANS AND 4,860 DEPOSIT ACCOUNTS.
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IRS990/MissionDesc0THE PURPOSES OF THIS CREDIT UNION SHALL BE TO PROMOTE GOOD ECONOMIC MANAGEMENT, TO ISSUE SHARES AND MAINTAIN ACCOUNTS, TO MAKE LOANS TO ITS MEMEBERS AT RESONABLE RATES OF INTEREST FOR PRUDENT PURPOSES, TO INVEST ANY SURPLUS NOT REQUIRED FOR LANS TO MEMEBERS IN THE WAY AND MANNER PROVIDED BY LAW, AND TO EXERCISE THOSE FUNCTIONS DESCRIBED IN THE LAWS OF THE STATE OF TENNESSEE AUTHORIZING THE ORGANZIATION OF CREDIT UNIONS.
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IRS990/OtherExpensesGrp/Desc0PROFESSIONAL & OUTSIDE
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IRS990/OtherExpensesGrp/Desc2OFFICE OPERATIONS
IRS990/OtherExpensesGrp/Desc3OFFICE OCCUPANCY
IRS990/OtherExpensesGrp/TotalAmt0440917
IRS990/OtherExpensesGrp/TotalAmt1158839
IRS990/OtherExpensesGrp/TotalAmt2113564
IRS990/OtherExpensesGrp/TotalAmt367162
IRS990/OtherLiabilitiesGrp/BOYAmt038594441
IRS990/OtherLiabilitiesGrp/EOYAmt042311857
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0DEBITCRD NET I/CCR
IRS990/OtherRevenueMiscGrp/Desc1REAL EST LN ORIG FE
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt074574
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt160832
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt222419
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt074574
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt160832
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt222419
IRS990/OtherRevenueTotalAmt0234562
IRS990/OtherSalariesAndWagesGrp/TotalAmt0461887
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt022631496
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt026052522
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0200125
IRS990/PrincipalOfficerNm0DOUG CLINTON
IRS990/PriorPeriodAdjustmentsAmt0-22561
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01075497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01075497
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0425140
IRS990/PYOtherExpensesAmt01080674
IRS990/PYOtherRevenueAmt0188907
IRS990/PYProgramServiceRevenueAmt01081739
IRS990/PYRevenuesLessExpensesAmt042731
IRS990/PYSalariesCompEmpBnftPaidAmt0572381
IRS990/PYTotalExpensesAmt01653055
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01695786
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt019010
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04710694
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04707143
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt097686
IRS990ScheduleD/BuildingsGrp/DepreciationAmt068471
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0166157
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01607561
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02821385
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14225000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt29861000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt32541000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4297897
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CASH WITH OTHER CORPORATE CREDIT UNION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1HTM DEBT SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2DEPOSITS IN COMMERCIAL BANKS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NATURAL PERSON CREDIT UNIOINS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4PERPETUAL CONTRIBUTED CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt047700
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033435
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt081135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt242278185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DIVIDENDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1IRA WITHHOLDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01626571
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0145386
IRS990ScheduleD/TotalBookValueProgramRltdAmt019746282
IRS990ScheduleD/TotalExpensesPerForm990Amt01607561
IRS990ScheduleD/TotalLiabilityAmt042311857
IRS990ScheduleD/TotalRevenuePerForm990Amt01626571
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01626571
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01607561
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH INDIVIDUAL WHO OPENS A SHARE/SAVINGS ACCOUNT BECOMES A MEMBER OF THE CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ACCOUNTING MANAGER AND CEO REVIEW FORM 990 FOR ACCURACY PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL CERTIFICATION IS OBTAINED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS WHO ARE INDEPENDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE AT ANNUAL SHAREHOLDER MEETING AND ARE AVAILABLE UPON REQUEST. REGULATORY FILINGS OF FINANCIAL AND OPERATIONAL DATA ARE AVAILABLE TO THE PUBLIC VIA THE INTERNET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED ITS PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII, PAGE 12, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt043522498
IRS990/TotalAssetsEOYAmt047267745
IRS990/TotalAssetsGrp/BOYAmt043522498
IRS990/TotalAssetsGrp/EOYAmt047267745
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt01607561
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt038811804
IRS990/TotalLiabilitiesEOYAmt042560602
IRS990/TotalLiabilitiesGrp/BOYAmt038811804
IRS990/TotalLiabilitiesGrp/EOYAmt042560602
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04710694
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04707143
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01075497
IRS990/TotalReportableCompFromOrgAmt0122457
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01626571
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01626571
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt043522498
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt047267745
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 LIFEWAY PLAZA 20
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037234
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTPS://LIFEWAYCU.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUG CLINTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06152512089
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIFEWAY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LIFE
ReturnHeader/Filer/EIN0626041064
ReturnHeader/Filer/PhoneNum06152512089
ReturnHeader/Filer/USAddress/AddressLine1Txt01 LIFEWAY PLAZA 20
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037234
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
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
ReturnHeader/PreparerPersonGrp/PhoneNum06156651811

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$47,267,745
Liabilities
$42,560,602
Net assets
$4,707,143
Revenue
$1,626,571
Expenses
$1,607,561
Net income
$19,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.0$34.7$3.30$1.78$2.00$0.23
2023Detailed filing. Detailed filing data is available for this year.$38.5$35.0$3.53$1.45$1.81$0.37
2022Detailed filing. Detailed filing data is available for this year.$42.3$38.2$4.01$1.20$1.65$0.45
2021Detailed filing. Detailed filing data is available for this year.$47.7$43.2$4.47$1.24$1.48$0.24
2020Detailed filing. Detailed filing data is available for this year.$47.3$42.6$4.71$1.63$1.61$0.02
2019Detailed filing. Detailed filing data is available for this year.$43.5$38.8$4.71$1.71$1.65$0.06
2018Detailed filing. Detailed filing data is available for this year.$43.7$39.0$4.65$1.61$1.48$0.13
2017Detailed filing. Detailed filing data is available for this year.$43.8$39.3$4.51$1.43$1.35$0.08
2016Detailed filing. Detailed filing data is available for this year.$46.1$41.7$4.38$1.53$2.61$1.09
2015Detailed filing. Detailed filing data is available for this year.$48.1$42.6$5.46$1.84$2.53$0.69
2014Detailed filing. Detailed filing data is available for this year.$48.9$42.7$6.16$1.61$1.32$0.29
2013Detailed filing. Detailed filing data is available for this year.$47.9$42.1$5.86$1.55$1.44$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.6$42.8$5.79$1.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$39.7$5.55$1.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.7$37.4$5.34$1.55