2026-06-04T15:21:26-05:00 2025-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVE STE 303 MIAMI FL 33193 990 2025-01-01 560895888 GREATER KINSTON CREDIT UNION GREA 2525274002 901 N QUEEN STREET KINSTON NC 28501 JONTAE SHERROD BRANCH MANAGER & CEO 2525274002 2026-06-04 1 AUBREY CLEGG P01076395 3052328272 2026-06-03 2025 2025-03-06 01:10:19Z JONTAE SHERROD 901 N QUEEN STREET KINSTON NC 28501 910904 0 X WWW.GREATERKCU.ORG X 1952 NC TO PROVIDE PROVIDENT SAVINGS AND CREDIT SERVICES TO MEMBERS, PARTICULARLY IN LOW-INCOME COMMUNITIES. 9 9 5 17 0 0 2083 23291 707184 740508 164978 131665 0 0 874245 895464 0 0 0 0 290453 302331 0 0 0 562831 732443 853284 1034774 20961 -139310 13884520 14257214 11959311 12471315 1925209 1785899 TO PROVIDE PROVIDENT SAVINGS AND CREDIT SERVICES TO MEMBERS, PARTICULARLY IN LOW-INCOME COMMUNITIES. 0 0 GKCU PROVIDED A WIDE RANGE OF FINANCIAL SERVICES TO 3,829 MEMBERS, INCLUDING NEW LENDING OF APPROXIMATELY $1.3 MILLION DURING 2025. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 220 0 1 5 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X JONTAE SHERROD 2525274002 901 N QUEEN STREET KINSTON NC 28501 PRESTON HARRIS CHAIRPERSON 1.00 X 0 0 0 NATASHA ROUSE VICE CHAIRPERSON 1.00 X 0 0 0 JOSHUA KELLY TREASURER 1.00 X 0 0 0 CHRISTOHER SUGGS SECRETARY 1.00 X 0 0 0 JOHN W JONES DIRECTOR 1.00 X 0 0 0 VIRGINIA COX-DAUGHERTY DIRECTOR 1.00 X 0 0 0 FAITH BYNUM DIRECTOR 1.00 X 0 0 0 RICH HUTSON DIRECTOR 1.00 X 0 0 0 ROBERT SWINSON IV DIRECTOR 1.00 X 0 0 0 JONTAE SHERROD CEO 40.00 X 76853 0 5950 76853 0 5950 0 0 0 0 STATE EMPLOYEES' CREDIT UNION 119 N SALISBURY ST RALEIGH NC 27603 FINANCIAL ACCOUNTING AND DATA PROCESSING 130782 1 10738 12553 23291 LOANS TO MEMBERS 522100 598327 598327 FEES AND CHARGES 522100 142181 142181 740508 131371 131371 15734 15440 294 294 294 895464 872173 0 0 X 82803 158315 4948 37324 18941 168489 1634 24322 40297 2233 191774 13645 9751 PROVISION FOR LOAN LOSS 250905 MISCELLANEOUS EXPENSE 16168 SECONDARY MARKET LOAN E 13225 1034774 277896 306727 3574398 4045676 37500 37500 42440 85575 9384742 9211391 16281 19075 931212 639867 290173 291345 120579 120579 140511 139346 13884520 14257214 60015 78718 63200 39909 11836096 12352688 11959311 12471315 X 0 0 0 0 1925209 1785899 1925209 1785899 13884520 14257214 -139310 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68000 68000 574511 359005 215506 288701 280862 7839 291345 IRA SHARES 624379 MONEY MARKET 1113257 SHARE DRAFTS 911786 SHARE TERM CERTIFICATES 4610781 SHARES 5092485 12352688 X 895464 0 895464 0 895464 1034774 0 1034774 0 1034774 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 OUR MEMBERS OF THE CREDIT UNION ARE ALSO SHAREHOLDERS OF THE CREDIT UNION. EACH MEMBER IS ENTITLED TO ONE VOTE ON MATTERS SUBJECT TO MEMBER APPROVAL AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY. DECISIONS ARE MADE BY THE GOVERNING BODY WHO REPRESENTS THE MEMBERSHIP OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE SUPERVISORY COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CODE OF ETHICS AND CONFLICT OF INTEREST ARE REVIEWED AND APPROVED BY THE BOARD ANNUALLY AND SIGNED BY BOARD AND STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES ALL SALARIES BASED ON REVIEW OF COMPARABLE SALARIES AT OTHER CREDIT UNIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S QUARTERLY FINANCIAL STATEMENTS ARE AVAILABLE TO VIEW ON NCUA.GOV VIA THE CALL REPORT. FORM 990, PART IX, LINE 11G SECU ACCOUNTING AND DATA PROCESSING SERVICES 132,172. OTHER PROFESSIONAL SERVICES 36,317. FORM 990, PART XII, LINE 2C: THE CREDIT UNION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.