2024-05-16T12:57:03-04:00 2023-12-31 202711127 CU AUDIT & COMPLIANCE GROUP 3692 COOLIDGE CT TALLAHASSEE FL 323117890 990 2023-01-01 620714058 EMPLOYEE RESOURCES CREDIT UNION EMPL 9317669288 2135 LOCUST AVENUE LAWRENCEBURG TN 38464 KONDA BOWLING PRESIDENT/CEO 9317669288 2024-05-15 true KONDA BOWLING 990009999 false AMANDA ONKST P02387288 2054372176 2024-05-16 2023 2023-04-26 12:10:37Z KONDA BOWLING 2135 LOCUST AVE LAWRENCEBURG TN 38464 8673266 false X HTTP://WWW.ERCU.ORG X CREDIT UNION TN CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS. 11 11 57 11 74234 0 6666020 8148855 201900 259057 342313 265354 7210233 8673266 0 0 3038388 2280357 0 0 2704245 4456410 5742633 6736767 1467600 1936499 136034491 147209137 122937510 132195737 13096981 15013400 CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 22,329 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES. false false 5057000 THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS. 1823073 143306 THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS. 6880073 false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 2249 0 true 57 true true true false false false false false false false X 11 11 false false false false true true true true true false true true false true true true false true true false false GA X KONDA BOWLING 9317669288 2135 LOCUST AVE LAWRENCEBURG TN 38464 KONDA BOWLING PRESIDENT/CE 40.00 X 179068 0 52780 VICKI ENGELHARDT BOARD MEMBER 1.00 X 0 0 0 CINDY GILLIAM BOARD MEMBER 1.00 X 0 0 0 MARIE HURREN BOARD CHAIR 1.00 X 0 0 0 DAVID JOHNSON BOARD MEMBER 1.00 X 0 0 0 JEFF JORDAN BOARD MEMBER 1.00 X 0 0 0 JOAN KNOWIS BOD MEM/SC C 1.00 X X 0 0 0 DANNY LUCY BOARD VICE-C 1.00 X 0 0 0 DARRIN MCKAMEY BOARD MEMBER 1.00 X 0 0 0 SHEILA METHVIN BOARD SECRET 1.00 X 0 0 0 BARBARA NORMAN BOARD MEMBER 1.00 X 0 0 0 BILL PETTUS BOARD MEMBER 1.00 X 0 0 0 179068 52780 1 false true false INTEREST ON LOANS 522291 6075457 6075457 FEE INCOME 522100 2073398 2073398 8148855 259057 259057 OTHER OPERATING INCOME 525990 191120 191120 UBIT 525990 74234 74234 265354 8673266 8599032 74234 2106218 2106218 200462 200462 711216 711216 -737539 -737539 1108382 1108382 311338 311338 87104 87104 1689320 1689320 PROVISION FOR LOAN LOSS 659758 659758 EDUCATION AND PROMOTIONAL 204060 204060 LOAN SERVICING EXPENSE 156880 156880 MISCELLANEOUS OPERATING E 142309 142309 97259 97259 6736767 0 6736767 0 8534827 11951012 4992000 3741000 114775439 123868708 2488200 2442842 6049376 2783519 3347683 3265857 241389 193720 1654953 1745998 136034491 147209137 1403268 859610 121534242 131336127 122937510 132195737 X 13096981 15013400 13096981 15013400 136034491 147209137 X 1936499 -20080 X false false 741634 741634 3326481 925320 2401161 150447 139120 11327 1830814 1719079 111735 3265857 ALL OTHER SHARES 68317844 REGULAR SHARES 41402668 SHARE DRAFTS 21615615 131336127 false false false KONDA BOWLING PRESIDENT/CEO 151068 28000 52780 231848 FORM 990, PAGE 1, PART I, LINE 6 HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS OWNED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR. FORM 990, PAGE 6, PART VI, LINE 7B SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGER. TE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE CREDIT UNION USES A COMPENSATION BOOK FROM CUNA AND FAFSA ANNUAL COMPENSATION REPORTS. ALL SEVEN SALARY FACTORS PROVIDED ARE AVERAGED TO GET A BASE SALARY. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH. FORM 990, PART XI, LINE 9 DUE TO ROUNDING 1 ACCT ADJ - CECL -20,081 TOTAL -20,080