State Chartered Credit Unions Inc

State Employees Credit Union

Raleigh, NC
Tax-exempt since Aug. 1969
EIN: 56-0475645

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$2.18B (2023)

Expenses

$1.59B (2023)

Total Assets

$49.6B (2023)

Total Liabilities

$45.6B (2023)

Source: Form 990 tax filings from 2014 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 June
2023

Revenue

$2,176,491,752

Expenses

$1,593,476,956

Net Income

$583,014,796

Net Assets

$4,052,431,985

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,775,365,587	81.6%
Investment Income	$404,032,181	18.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$1,517,694
Net Fundraising	$0
Sales of Assets	-$1,388,322
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,561,567	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$538,920,431	33.8%

Assets/Debt
Total Assets	$49,625,413,489
Total Liabilities	$45,572,981,504
Net Assets	$4,052,431,985

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James Hayes (President)	$1,214,451	$0	$57,003
Jerry Harmon (Chief Lending Officer (Thru 9/6/22))	$639,890	$0	$39,873
Rex Spivey (Chief Financial Officer)	$573,050	$0	$43,335
Leigh Brady (Chief Operations Officer)	$548,052	$0	$55,828
Joshua Bomba (Chief Information Technology Officer)	$448,547	$0	$49,683
Jennifer Hamrick (Evp Deputy Chief Operations Officer)	$433,763	$0	$48,424
Sara Trexler (Chief Legal Officer)	$421,485	$0	$53,658
Jared Benesh (Evp Member Experience)	$387,080	$0	$26,145
Warren Peacock (Evp Branch Operations (Thru 10/12/22))	$383,888	$0	$38,720
Jamie Applequist (Evp Chief Property Officer)	$383,197	$0	$53,817
William Deans (Evp Director Of It Operations)	$373,501	$0	$50,212
Bridget Welborn (Chief Risk Officer)	$337,934	$0	$37,721
Stacie Walker (Chief Lending Officer)	$316,652	$0	$61,762
Robert Nichols (Chief Audit Officer (Thru 01/20/23))	$293,343	$0	$69,352
Thomas Marion (Regional Svp)	$290,455	$0	$43,643
Damian Carter (Regional Svp (Thru 12/04/23))	$278,330	$0	$41,624
Carl Seabrook (Chief Audit And Regulatory Officer)	$257,639	$0	$29,159
Kevin Mack (Regional Svp)	$252,387	$0	$44,695
Emma Hayes (Chief Learning & Experience Officer)	$250,361	$0	$27,571
Alice Garland (Vice Chair)	$5,172	$0	$0
Mark Fleming (Director)	$3,711	$0	$0
Stelfanie Williams (Director)	$850	$0	$0
Thomas Parrish Iv (Director)	$828	$0	$0
Mckinley Wooten (Director)	$709	$0	$0
Chris Ayers (Chairman)	$0	$0	$0
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990

Filed on May 15, 2024

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Fiscal Year Ending June
2022

Revenue

$1,663,323,190

Expenses

$1,107,033,903

Net Income

$556,289,287

Net Assets

$3,695,663,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,534,778,522	92.3%
Investment Income	$136,010,524	8.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$1,757,578
Net Fundraising	$0
Sales of Assets	-$5,708,278
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,912,922	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$459,195,158	41.5%

Assets/Debt
Total Assets	$53,195,296,849
Total Liabilities	$49,499,633,455
Net Assets	$3,695,663,394

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael J Lord (President (Thru 08/21))	$1,310,134	$0	$51,297
Rex Spivey (Chief Financial Officer)	$532,255	$0	$41,180
Jerry Harmon (Chief Lending Officer)	$483,115	$0	$42,316
James Hayes (President)	$474,872	$0	$7,346
Chris Ayer Thru 0921 (Chief Information Officer)	$447,397	$0	$55,298
Leigh Brady (Evp Organization Development)	$434,191	$0	$61,619
Jennifer Hamrick (Evp Organizational Support)	$395,680	$0	$46,670
Sara Trexler (Chief Legal Officer)	$386,186	$0	$50,255
Jamie Applequist (Chief Administration Officer)	$369,180	$0	$51,701
Steven Herrell (Chief Risk Officer)	$352,988	$0	$46,362
William Deans (Svp Infrastructure Services)	$338,091	$0	$48,558
Warren Peacock (Evp Branch Operations)	$307,230	$0	$38,900
Samual Adams (Svp Secu*Re)	$295,621	$0	$35,355
Kevin Mack (Regional Svp Branch Operations)	$285,473	$0	$91,545
Joseph Banks (Evp Cusos & Cu Services)	$285,185	$0	$40,381
Robert Nichols (Chief Audit Officer)	$279,019	$0	$71,890
Thomas Marion (Regional Svp Branch Operations)	$262,887	$0	$40,632
Damian Carter (Regional Svp Branch Operations)	$260,481	$0	$39,336
Joshua Bomba (Chief Information Officer)	$219,077	$0	$31,198
Alice Garland (Vice Chair)	$2,690	$0	$0
Chris Ayers (Chairman)	$0	$0	$0
Mona Moon (Secretary/ Treasurer)	$0	$0	$0
Mark Fleming (Director)	$0	$0	$0
Stelfanie Williams (Director)	$0	$0	$0
Joanne Sanford (Director)	$0	$0	$0
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990

Filed on May 12, 2023

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Fiscal Year Ending June
2021

Revenue

$1,639,456,686

Expenses

$1,206,510,123

Net Income

$432,946,563

Net Assets

$3,908,527,150

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,510,791,750	92.2%
Investment Income	$123,729,279	7.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$1,999,917
Net Fundraising	$0
Sales of Assets	$6,935,574	0.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,542,041	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$436,193,266	36.2%

Assets/Debt
Total Assets	$50,003,058,257
Total Liabilities	$46,094,531,107
Net Assets	$3,908,527,150

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael J Lord (President)	$2,881,758	$0	$126,510
Rex Spivey (Chief Financial Officer)	$492,781	$0	$39,158
Chris Ayer (Chief Information Officer)	$454,176	$0	$51,986
Jerry Harmon (Chief Lending Officer)	$444,532	$0	$37,755
Wallace W Umphlett (Evp Financial Advisory Services)	$382,942	$0	$38,965
Leigh Brady (Evp Organization Development)	$357,556	$0	$48,470
Randy Partin (Chief Audit Officer)	$355,169	$0	$45,148
Jamie Applequist (Chief Administration Officer)	$351,389	$0	$50,057
Jennifer Hamrick (Evp Organizational Support)	$344,083	$0	$44,880
Sue A Douglas (Chief Operations Officer)	$342,428	$0	$40,412
Steven Herrell (Chief Risk Officer)	$331,531	$0	$43,118
Sara Trexler (Chief Legal Officer)	$318,844	$0	$48,184
Edward T Hoffman Jr (Evp Property Management)	$307,413	$0	$37,340
William Deans (Svp Infrastructure Services)	$305,162	$0	$31,376
Warren Peacock (Evp Branch Operations)	$272,925	$0	$35,608
Randall Welborn (Svp District)	$262,817	$0	$36,331
Richard Rhoads (Svp Electronic Services)	$259,186	$0	$37,842
Joseph Banks (Evp Property Management)	$258,281	$0	$35,014
Leanne Phelps (Evp Card Services)	$254,323	$0	$37,509
Thomas Marion (Svp District)	$253,071	$0	$39,615
Robert Nichols (Chief Audit Officer)	$203,736	$0	$40,892
Bob Brinson (Chairman)	$0	$0	$0
Chris Ayers (Vice Chair)	$0	$0	$0
Alice Garland (Secretary/ Treasurer)	$0	$0	$0
Mark Fleming (Director)	$0	$0	$0
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990

Filed on May 10, 2022

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Fiscal Year Ending June
2020

Revenue

$1,692,752,969

Expenses

$1,486,066,717

Net Income

$206,686,252

Net Assets

$3,704,737,922

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,470,845,061	86.9%
Investment Income	$222,510,131	13.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$88,877	0.0%
Net Fundraising	$0
Sales of Assets	-$691,100
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,226,397	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$433,082,075	29.1%

Assets/Debt
Total Assets	$45,245,519,314
Total Liabilities	$41,540,781,392
Net Assets	$3,704,737,922

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael J Lord (President)	$829,046	$0	$41,089
Rex Spivey (Chief Financial Officer)	$476,945	$0	$38,182
Chris Ayer (Chief Information Officer)	$438,429	$0	$51,107
Jerry Harmon (Chief Lending Officer)	$430,062	$0	$36,898
Sue A Douglas (Chief Operations Officer)	$406,867	$0	$43,271
Wallace W Umphlett (Evp Financial Advisory Services)	$361,013	$0	$43,087
Randy Partin (Chief Audit Officer)	$347,490	$0	$44,007
Leigh Brady (Evp Organization Development)	$344,474	$0	$47,781
Jamie Applequist (Chief Administration Officer)	$336,841	$0	$48,346
Jennifer Hamrick (Evp Organizational Support)	$324,305	$0	$43,939
Steven Herrell (Chief Risk Officer)	$320,261	$0	$42,007
Sara Trexler (Chief Legal Officer)	$305,849	$0	$49,850
Edward T Hoffman Jr (Evp Property Management)	$297,391	$0	$36,946
William Deans (Svp Infrastructure Services)	$273,802	$0	$46,405
Warren Peacock (Evp Branch Operations)	$257,702	$0	$33,108
Richard Rhoads (Svp Electronic Services)	$248,141	$0	$41,203
Joseph Banks (Svp District)	$245,192	$0	$33,131
Cathleen Plaut (Svp Deputy General Counsel)	$239,873	$0	$43,037
Russell Parrish (Svp District)	$227,743	$0	$30,198
Chris Ayers (Vice Chair)	$871	$0	$0
Mark Fleming (Director)	$871	$0	$0
Stelfanie Williams (Director)	$871	$0	$0
Alice Garland (Secretary/ Treasurer)	$821	$0	$0
Joanne Sanford (Director)	$816	$0	$0
Mckinley Wooten (Director)	$684	$0	$0
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990

Filed on May 15, 2021

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Fiscal Year Ending June
2019

Revenue

$1,685,013,461

Expenses

$1,441,021,781

Net Income

$243,991,680

Net Assets

$3,368,212,363

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,390,881,477	82.5%
Investment Income	$295,032,680	17.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$46,125	0.0%
Net Fundraising	$0
Sales of Assets	-$946,821
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,895,295	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$390,420,955	27.1%

Assets/Debt
Total Assets	$40,697,542,181
Total Liabilities	$37,329,329,818
Net Assets	$3,368,212,363

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael J Lord (President)	$711,360	$0	$40,493
Rex Spivey (Chief Financial Officer)	$440,016	$0	$37,499
Chris Ayer (Chief Information Officer)	$406,284	$0	$49,099
Sue A Douglas (Chief Operations Officer)	$399,393	$0	$42,676
Jerry Harmon (Chief Lending Officer)	$389,607	$0	$36,035
Wallace W Umphlett (Evp Financial Advisory S)	$351,133	$0	$42,491
Randy Partin (Chief Audit Officer)	$327,808	$0	$43,341
Leigh Brady (Evp Organization Develop)	$325,696	$0	$46,598
Steven Herrell (Chief Risk Officer)	$306,583	$0	$41,397
Jennifer Hamrick (Evp Organizational Support)	$300,779	$0	$39,874
Sara Trexler (Chief Legal Officer)	$293,899	$0	$47,994
Jamie Applequist (Chief Administration Officer)	$288,591	$0	$46,724
Edward T Hoffman Jr (Evp Property Management)	$275,824	$0	$38,623
William Deans (Svp Infrastructure Servi)	$238,519	$0	$42,911
Richard Rhoads (Svp Electronic Services)	$237,869	$0	$39,414
Cathleen Plaut (Svp Deputy General Counsel)	$230,438	$0	$40,896
Russell Parrish (Svp District)	$213,928	$0	$28,235
Joseph Banks (Svp District)	$212,118	$0	$29,624
Warren Peacock (Evp Branch Operations)	$207,453	$0	$27,514
Joanne Sanford (Chairman)	$839	$0	$0
Jim Johnson (Director)	$670	$0	$0
Bob Brinson (Vice Chairman)	$0	$0	$0
Chris Ayers (Secretary/Treasurer)	$0	$0	$0
Shirley Bell (Director)	$0	$0	$0
Karan Bunn (Director)	$0	$0	$0
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990

Filed on June 15, 2020

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990-EZ

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Fiscal Year Ending June
2018

Revenue

$1,501,185,216

Expenses

$1,207,551,463

Net Income

$293,633,753

Net Assets

$2,999,393,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,282,476,412	85.4%
Investment Income	$219,680,016	14.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$125,425	0.0%
Net Fundraising	$0
Sales of Assets	-$1,096,637
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,159,905	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$359,723,371	29.8%

Assets/Debt
Total Assets	$38,468,314,242
Total Liabilities	$35,468,921,148
Net Assets	$2,999,393,094

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael J Lord (President)	$631,555	$0	$38,721
Rex Spivey (Chief Financial Officer)	$382,862	$0	$40,119
Sue A Douglas (Chief Operations Officer)	$380,320	$0	$40,904
Chris Ayer (Chief Information Officer)	$360,173	$0	$46,727
Wallace W Umphlett (Evp Financial Advisory Services)	$337,540	$0	$39,853
Jerry Harmon (Chief Lending Officer)	$333,975	$0	$38,538
Randy Partin (Chief Audit Officer)	$311,549	$0	$41,509
Leigh Brady (Evp Organization Development)	$300,173	$0	$44,206
Steven Herrell (Chief Risk Officer)	$272,674	$0	$44,218
Jennifer Hamrick (Evp Organizational Support)	$268,208	$0	$33,693
Sara Trexler (Chief Legal Officer)	$263,436	$0	$45,489
Jamie Applequist (Evp Branch Operations)	$257,122	$0	$43,424
Edward T Hoffman Jr (Evp Property Management)	$252,270	$0	$35,065
Richard Rhoads (Svp Electronic Services)	$228,537	$0	$37,056
William Deans (Svp Infrastructure Services)	$214,335	$0	$38,372
Joseph Banks (Svp District)	$209,129	$0	$28,655
Thomas K Marion (Svp District)	$207,680	$0	$31,784
Robert Dixon (Svp Corporate Quality Control)	$207,662	$0	$27,684
Mckinley Wooten (Director)	$1,469	$0	$0
Joanne Sanford (Chairman)	$0	$0	$0
Bob Brinson (Vice Chairman)	$0	$0	$0
Mona Moon (Secretary/Treasurer)	$0	$0	$0
Chris Ayers (Director)	$0	$0	$0
Shirley Bell (Director)	$0	$0	$0
Karan Bunn (Director)	$0	$0	$0
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990

Filed on March 18, 2019

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Fiscal Year Ending June
2017

Revenue

$1,289,422,316

Expenses

$1,077,656,767

Net Income

$211,765,549

Net Assets

$2,833,476,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,144,870,806	88.8%
Investment Income	$121,780,756	9.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$22,770,754	1.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,424,086	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$329,459,877	30.6%

Assets/Debt
Total Assets	$36,933,775,348
Total Liabilities	$34,100,298,396
Net Assets	$2,833,476,952

Compensation

Key Employees and Officers	Compensation	Related	Other
James C Blaine (Former President)	$1,471,993	$0	$35,298
Michael J Lord (President)	$473,052	$0	$37,238
Sue A Douglas (Chief Operations Officer)	$315,753	$0	$39,421
Chris Ayer (Chief Information Officer)	$311,274	$0	$44,911
Wallace W Umphlett (Exec Vp/Financial Advisory)	$300,452	$0	$39,143
Randy Partin (Chief Audit/Officer)	$299,821	$0	$39,893
Jerry Harmon (Chief Lending Officer)	$286,223	$0	$37,943
Leigh Brady (Exec Vp/Organization Development)	$252,944	$0	$42,963
Edward T Hoffman Jr (Exec Vp/Property Management)	$241,003	$0	$33,751
Rex Spivey (Chief Financial Officer)	$228,913	$0	$35,473
Jennifer Hamrick (Evp/Organizational Support)	$222,896	$0	$32,803
Richard Rhoads (Sr Vp/Electronic Services)	$220,137	$0	$35,267
Jamie Applequist (Exec Vp/Branch Operations)	$214,636	$0	$37,374
Thomas K Marion (Sr Vp/District)	$204,638	$0	$30,688
Robert Dixon (Svp Corporate Quality Control)	$203,420	$0	$27,673
Joseph Banks (Svp District)	$203,222	$0	$27,979
William Deans (Svp Infrastructure Services)	$201,865	$0	$36,069
Steven Herrell (Chief Risk Officer)	$160,685	$0	$31,717
Mckinley Wooten (Director)	$1,910	$0	$0
Jim Johnson (Director)	$0	$0	$0
Karan Bunn (Director)	$0	$0	$0
Tom King (Director)	$0	$0	$0
David King (Director)	$0	$0	$0
Bob Parker (Director)	$0	$0	$0
Cynthia Jolly (Director, Chairman)	$0	$0	$0
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990

Filed on May 11, 2018

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Fiscal Year Ending June
2016

Revenue

$1,205,116,084

Expenses

$962,503,799

Net Income

$242,612,285

Net Assets

$2,634,187,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,052,322,269	87.3%
Investment Income	$64,664,273	5.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$88,129,542	7.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,199,458	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$283,046,774	29.4%

Assets/Debt
Total Assets	$33,825,999,547
Total Liabilities	$31,191,812,372
Net Assets	$2,634,187,175

Compensation

Key Employees and Officers	Compensation	Related	Other
James C Blaine (President)	$902,357	$0	$37,333
Michael J Lord (Chief Financial Officer)	$366,768	$0	$36,374
Sue A Douglas (Chief Operations Officer)	$296,248	$0	$38,350
Chris Ayer (Chief Information Officer)	$289,416	$0	$44,660
Wallace W Umphlett (Exec Vp/Financial Advisory)	$283,232	$0	$38,279
Randy Partin (Chief Audit/Risk Officer)	$280,878	$0	$39,029
Jerry Harmon (Chief Lending Officer)	$267,745	$0	$37,943
Leigh Brady (Exec Vp/Organization Devel)	$236,578	$0	$39,875
George Twisdale (Former Evp)	$224,756	$0	$26,401
Edward T Hoffman Jr (Exec Vp/Property Managemen)	$218,343	$0	$30,608
Richard Rhoads (Sr Vp/Electronic Services)	$205,774	$0	$34,947
Jamie Applequist (Exec Vp/Branch Operations)	$201,940	$0	$35,153
Thomas K Marion (Sr Vp/District)	$196,525	$0	$29,877
Jennifer Hamrick (Evp/Organizational Support)	$194,939	$0	$30,007
Joseph Banks (Svp District)	$194,555	$0	$27,126
Robert Dixon (Svp Corporate Quality Co)	$194,509	$0	$26,429
Randall Welborn (Sr Vp/District)	$191,034	$0	$32,226
Mary Ann Rice (Sr Vp/District)	$188,865	$0	$29,827
Shirley Bell (Director)	$1,345	$0	$0
Mckinley Wooten (Director)	$901	$0	$0
Jim Johnson (Director)	$0	$0	$0
Karan Bunn (Director)	$0	$0	$0
Tom King (Director)	$0	$0	$0
David King (Director)	$0	$0	$0
Bob Parker (Director)	$0	$0	$0
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990

Filed on May 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2015

Revenue

$1,088,638,044

Expenses

$836,183,024

Net Income

$252,455,020

Net Assets

$2,398,253,191

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$952,464,331	87.5%
Investment Income	$55,324,861	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$80,848,852	7.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,997,135	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$230,107,589	27.5%

Assets/Debt
Total Assets	$30,876,123,778
Total Liabilities	$28,477,870,587
Net Assets	$2,398,253,191

Compensation

Key Employees and Officers	Compensation	Related	Other
James C Blaine (President)	$858,608	$0	$34,560
Michael J Lord (Chief Financial Officer)	$306,558	$0	$33,672
Mark Twisdale (Exec Vp/Administrative Services)	$271,445	$0	$35,164
Wallace W Umphlett (Exec Vp/Financial Advisory Services)	$262,270	$0	$34,464
Sue A Douglas (Chief Operations Officer)	$262,038	$0	$32,664
Randy Partin (Chief Audit/Risk Officer)	$257,535	$0	$35,164
Chris Ayer (Chief Information Officer)	$254,336	$0	$36,342
Jerry Harmon (Chief Lending Officer)	$244,298	$0	$34,232
Leigh Brady (Exec Vp/Organization Development)	$216,529	$0	$35,275
Edward T Hoffman Jr (Exec Vp/Property Management)	$194,696	$0	$25,670
Thomas K Marion (Sr Vp/District)	$190,673	$0	$27,290
Robert Dixon (Svp Corporate Quality Control)	$190,673	$0	$23,910
Richard Rhoads (Sr Vp/Electronic Services)	$188,700	$0	$33,154
Randall Welborn (Sr Vp/District)	$186,842	$0	$29,794
Mary Ann Rice (Sr Vp/District)	$184,880	$0	$26,748
Jamie Applequist (Exec Vp/Branch Operations)	$184,084	$0	$30,844
Shirley Bell (Director)	$1,162	$0	$0
Bob Parker (Director)	$696	$0	$0
Mckinley Wooten (Director)	$0	$0	$0
Jim Johnson (Director)	$0	$0	$0
Karan Bunn (Director)	$0	$0	$0
Tom King (Director)	$0	$0	$0
David King (Director)	$0	$0	$0
Cynthia Jolly (Director, Chairman)	$0	$0	$0
Joanne Sanford (Director, Vice Chairman)	$0	$0	$0
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990

Filed on May 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2014

Revenue

$956,758,255

Expenses

$749,824,452

Net Income

$206,933,803

Net Assets

$2,146,012,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$858,529,457	89.7%
Investment Income	$50,672,048	5.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$47,556,750	5.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,406,128	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$207,843,105	27.7%

Assets/Debt
Total Assets	$28,665,606,189
Total Liabilities	$26,519,593,210
Net Assets	$2,146,012,979

Compensation

Key Employees and Officers	Compensation	Related	Other
James C Blaine (President)	$818,090	$0	$33,431
Michael J Lord (Chief Financial Officer)	$287,877	$0	$32,130
Mark Twisdale (Exec Vp/Administrative Ser)	$257,310	$0	$33,826
Wallace W Umphlett (Exec Vp/Financial Advisory)	$245,653	$0	$33,583
Sue A Douglas (Chief Operations Officer)	$240,859	$0	$34,131
Randy Partin (Chief Audit/Risk Officer)	$240,202	$0	$33,725
Chris Ayer (Chief Information Officer)	$237,735	$0	$36,919
Jerry Harmon (Chief Lending Officer)	$227,058	$0	$34,356
Leigh Brady (Exec Vp/Organization Devel)	$199,743	$0	$33,342
Edward T Hoffman Jr (Sr Vp/District)	$191,372	$0	$24,670
Thomas K Marion (Sr Vp/District)	$186,694	$0	$26,024
Joseph M Banks (Sr Vp/District)	$182,394	$0	$27,118
Randall Welborn (Sr Vp/District)	$182,280	$0	$28,696
Robert Dixon (Svp Corporate Quality Control)	$181,558	$0	$22,444
Jamie Applequist (Exec Vp/Branc Operations)	$166,327	$0	$28,215
Bob Parker (Director)	$1,553	$0	$0
Shirley Bell (Director)	$1,285	$0	$0
Mckinley Wooten (Director)	$1,259	$0	$0
Cynthia Jolly (Director, Vice Chairman)	$949	$0	$0
Jim Barber (Director)	$686	$0	$0
Jim Johnson (Director, Chairman)	$0	$0	$0
Karan Bunn (Director)	$0	$0	$0
Tom King (Director)	$0	$0	$0
David King (Director)	$0	$0	$0
Joanne Sanford (Director, Secretary/Treasurer)	$0	$0	$0
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990

Filed on May 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2013

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

990

Filed on May 27, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Fiscal Year Ending June
2006

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

State Chartered Credit Unions Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $2.18B (2023)

Expenses $1.59B (2023)

Total Assets $49.6B (2023)

Total Liabilities $45.6B (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-EZ

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-EZ

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2013

No Extracted Financial Data

Document Links

990

Fiscal Year Ending June 2012

No Extracted Financial Data

Document Links

Revenue

$2.18B (2023)

Expenses

$1.59B (2023)

Total Assets

$49.6B (2023)

Total Liabilities

$45.6B (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005