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State Chartered Credit Unions In North Carolina

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$21.9M (2023)

Expenses
$19.2M (2023)

Total Assets
$338M (2023)

Total Liabilities
$294M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,859,593
Expenses
$19,159,854
Net Income
$2,699,739
Net Assets
$43,764,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,666,593
90.0%
Investment Income $1,845,481
8.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $347,519
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $338,211,628
Total Liabilities $294,447,434
Net Assets $43,764,194
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $464,325 $0 $0
Derek Williamson (Svp/Cfo) $173,605 $0 $0
G A Thornton (Chairman) $0 $0 $0
Dan Greene (Vice Chairman) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Secretary) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Board Emeritus) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Paul Martino (Board Member) $0 $0 $0
Brenda Gibson (Board Member) $0 $0 $0

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Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,701,954
Expenses
$16,053,531
Net Income
$2,648,423
Net Assets
$39,075,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,931,114
90.5%
Investment Income $1,520,049
8.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $250,791
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $336,647,250
Total Liabilities $297,572,148
Net Assets $39,075,102
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $358,028 $0 $0
Derek Williamson (Svp/Cfo) $149,413 $0 $0
Carol Nault (Svp/Coo) $136,151 $0 $0
Marc Jacobson (Svp/Risk Management) $126,556 $0 $0
G A Thornton (Chairman) $0 $0 $0
Dan Greene (Vice Chairman) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Secretary) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Board Emeritus) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Paul Martino (Board Member) $0 $0 $0
Brenda Gibson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,300,511
Expenses
$14,812,612
Net Income
$3,487,899
Net Assets
$42,206,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,160,527
93.8%
Investment Income $866,255
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $273,729
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $337,571,406
Total Liabilities $295,364,728
Net Assets $42,206,678
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $328,438 $0 $0
Derek Williamson (Svp/Cfo) $134,846 $0 $0
Carol Nault (Svp/Coo) $128,325 $0 $0
Marc Jacobson (Svp/Risk Management) $121,308 $0 $0
G A Thornton (Chairman) $0 $0 $0
Dan Greene (Vice Chairman) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Secretary) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Board Emeritus) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Paul Martino (Board Member) $0 $0 $0
Brenda Gibson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,738,027
Expenses
$15,930,172
Net Income
$1,807,855
Net Assets
$39,193,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,468,215
92.8%
Investment Income $1,036,813
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $232,999
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $577,024
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $305,212,523
Total Liabilities $266,018,941
Net Assets $39,193,582
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $330,797 $0 $0
Carol Nault (Evp/Coo) $127,013 $0 $0
Marc Jacobson (Evp Risk Management And Mortgage Lending) $119,214 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Paul Martino (Board Member) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Secretary) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Board Emeritus) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Vice Chairman) $0 $0 $0
Derek Williamson (Evp/Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,433,137
Expenses
$15,936,780
Net Income
$2,496,357
Net Assets
$37,691,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,719,402
90.7%
Investment Income $1,553,288
8.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $160,447
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $681,149
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $263,553,732
Total Liabilities $225,862,107
Net Assets $37,691,625
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $315,184 $0 $0
Debbie Mc Cain (Evp/Cfo) $139,861 $0 $0
Marc Jacobson (Evp Risk Management And Mortgage Lending) $114,524 $0 $0
Carol Nault (Evp/Coo) $111,580 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Paul Martino (Board Member) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Secretary) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Vice Chairman) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,823,868
Expenses
$14,873,434
Net Income
$1,950,434
Net Assets
$33,333,934
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,431,401
91.7%
Investment Income $1,265,308
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $127,159
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $260,469,459
Total Liabilities $227,135,525
Net Assets $33,333,934
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $256,490 $0 $0
Debbie Mc Cain (Evp/Cfo) $111,792 $0 $0
Glenn Kirk (Evp Of Marketing And Business Development) $104,248 $0 $0
Marc Jacobson (Evp Risk Management And Mortgage Lending) $101,217 $0 $0
Carol Nault (Evp/Coo) $98,387 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Paul Martino (Board Member) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Secretary) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Vice Chairman) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,231,735
Expenses
$13,444,692
Net Income
$1,787,043
Net Assets
$30,498,624
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,360,877
94.3%
Investment Income $745,691
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $125,167
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $235,200,093
Total Liabilities $204,701,469
Net Assets $30,498,624
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $238,403 $0 $0
Debbie Mc Cain (Evp/Cfo) $107,281 $0 $0
Glenn Kirk (Evp Of Marketing And Business Development) $100,391 $0 $0
Carol Nault (Evp/Coo) $100,057 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Paul Martino (Board Member) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Secretary) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Vice Chairman) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,496,463
Expenses
$12,007,433
Net Income
$1,489,030
Net Assets
$23,018,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,899,019
95.6%
Investment Income $455,795
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $141,649
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $251,373
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $191,230,277
Total Liabilities $168,211,589
Net Assets $23,018,688
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $247,731 $0 $0
Debbie Mc Cain (Evp/Cfo) $111,734 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Ac Dunn (Secretary) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Board Member) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Vice Chairman) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Board Member) $0 $0 $0
Glenn Kirk (Evp Of Marketing And Business Development) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,615,463
Expenses
$10,247,621
Net Income
$2,367,842
Net Assets
$21,625,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,133,535
96.2%
Investment Income $336,934
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $144,994
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $243,176
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $185,579,103
Total Liabilities $163,954,072
Net Assets $21,625,031
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $239,442 $0 $0
Debbie Mc Cain (Evp/Cfo) $102,354 $0 $0
Glenn Kirk (Evp Of Marketing And Business Development) $100,832 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Ac Dunn (Secretary) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Board Member) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Vice Chairman) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,444,228
Expenses
$9,851,051
Net Income
$1,593,177
Net Assets
$16,849,375
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,047,440
96.5%
Investment Income $296,451
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $100,337
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $221,788
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $158,099,830
Total Liabilities $141,250,455
Net Assets $16,849,375
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $221,788 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Ac Dunn (Secretary) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Board Member) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Vice Chairman) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,977,583
Expenses
$9,632,532
Net Income
$1,345,051
Net Assets
$15,414,980
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,661,260
97.1%
Investment Income $262,318
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $54,005
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $205,186
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $148,890,784
Total Liabilities $133,475,804
Net Assets $15,414,980
Compensation
Key Employees and Officers Compensation Related Other
Sam Whitehurst (Ceo/President) $205,186 $0 $0
Brenda Gibson (Board Member) $0 $0 $0
G A Thornton (Chairman) $0 $0 $0
Ac Dunn (Secretary) $0 $0 $0
Paul Francis (Treasurer) $0 $0 $0
Sharisse Fuller (Board Member) $0 $0 $0
Roger Pyatt (Board Member) $0 $0 $0
Tom Welch (Vice Chairman) $0 $0 $0
Rick Miller (Board Member) $0 $0 $0
Dan Greene (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,326,872
Expenses
$9,796,190
Net Income
$1,530,682
Net Assets
$13,843,891
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,880,490
96.1%
Investment Income $291,669
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $154,713
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $199,986
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $138,826,595
Total Liabilities $124,982,704
Net Assets $13,843,891

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,710,717
Expenses
$9,208,827
Net Income
$1,501,890
Net Assets
$12,990,001
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,174,988
95.0%
Investment Income $386,896
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $148,833
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $179,710
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,223,431
24.1%
Assets/Debt
Total Assets $134,338,752
Total Liabilities $121,348,751
Net Assets $12,990,001

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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