Nonprofit · EIN 56-0895888
STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
Also known as GREATER KINSTON CREDIT UNION
Tax-exempt · KINSTON, NC 28501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $895,464 | $1,034,774 | -$139,310 | $14,257,214 | $12,471,315 | $1,785,899 |
| December 31, 2024 | 990 | $874,245 | $853,284 | $20,961 | $13,884,520 | $11,959,311 | $1,925,209 |
| December 31, 2023 | 990 | $827,138 | $756,285 | $70,853 | $14,059,946 | $12,155,698 | $1,904,248 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $23,291
- of which government grants
- $10,738
- Program service revenue
- $740,508
- Investment income
- $131,665
- Net gain from sales of assets
- $294
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $82,803
- Other salaries and wages
- $158,315
- Salaries, compensation and benefits (total)
- $302,331
- Professional fundraising fees
- $0
- Occupancy
- $40,297
- Depreciation
- $13,645
Balance sheet and other
- Total assets, start of year
- $13,884,520
- Total assets, end of year
- $14,257,214
- Total liabilities, end of year
- $12,471,315
- Net assets, end of year
- $1,785,899
- Land, buildings and equipment
- $291,345
- Gross receipts
- $910,904
- Employees
- 5
- Volunteers
- 17
- Year formed
- 1952
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONTAE SHERROD | CEO Officer | 40 | $76,853 | $5,950 |
| PRESTON HARRIS | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| NATASHA ROUSE | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JOSHUA KELLY | TREASURER Trustee or director | 1 | $0 | $0 |
| CHRISTOHER SUGGS | SECRETARY Trustee or director | 1 | $0 | $0 |
| JOHN W JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIRGINIA COX-DAUGHERTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAITH BYNUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICH HUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT SWINSON IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONTAE SHERROD | CEO EFF. FEB 2024 Officer | 40 | $70,707 | $2,684 |
| JAIMIE SPRUILL | CEO THROUGH JAN 2024 Officer | 40 | $5,848 | $603 |
| JIMMY COCHRAN | CHAIRPERSON JAN. 2024- JUNE 2024 Trustee or director | 1 | $0 | $0 |
| NATASHA ROUSE | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| JOSHUA KELLY | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| PRESTON HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FAITH BYNUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT SWINSON IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIRGINIA COX-DAUGHERTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN W JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICH HUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOHER SUGGS | CHAIRPERSON JULY 2024- DEC. 2024 Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAIMIE SPRUILL | CEO Officer | 40 | $95,066 |
| JIMMY COCHRAN | CHAIRPERSON Trustee or director | 1 | $0 |
| NATASHA ROUSE | VICE CHAIRPERSON Trustee or director | 1 | $0 |
| JOSHUA KELLY | SECRETARY/TREASURER Trustee or director | 1 | $0 |
| PRESTON HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| FAITH BYNUM | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT SWINSON IV | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA COX-DAUGHERTY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN W JONES | DIRECTOR Trustee or director | 1 | $0 |
| RICH HUTSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 901 N QUEEN ST, KINSTON, NC 28501-3943
- In care of
- % JONTAE SHERROD
- Principal officer (990 for 2025)
- JONTAE SHERROD, 901 N QUEEN STREET, KINSTON, NC 28501
- Signed the 990
- JONTAE SHERROD, BRANCH MANAGER & CEO
- Phone
- (252) 527-4002
- Website
- WWW.GREATERKCU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
TO PROVIDE PROVIDENT SAVINGS AND CREDIT SERVICES TO MEMBERS, PARTICULARLY IN LOW-INCOME COMMUNITIES.
Program accomplishments
- GKCU PROVIDED A WIDE RANGE OF FINANCIAL SERVICES TO 3,829 MEMBERS, INCLUDING NEW LENDING OF APPROXIMATELY $1.3 MILLION DURING 2025.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0895888
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2032: STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
- Assets (IRS master file)
- $14,257,214
- Income (IRS master file)
- $910,904
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $895,464 | $1,034,774 | $14,257,214 | XML |
| 990 | December 2024 | $874,245 | $853,284 | $13,884,520 | IRS |
| 990 | December 2023 | $827,138 | $756,285 | $14,059,946 | XML |
| 990 | December 2022 | $756,469 | $624,700 | $13,523,496 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0895888).
Questions about STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
- What is the EIN of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
- The employer identification number (EIN) of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA is 56-0895888.
- Is STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
- The 990 for the year ended December 31, 2025 names JONTAE SHERROD.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
- The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $76,853 (JONTAE SHERROD, CEO).
- How much revenue does STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $895,464, expenses of $1,034,774 and total assets of $14,257,214 at year end.
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