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Nonprofit · EIN 56-6047303

STATE CHARTERED CREDIT UNION IN NORTH CAROLINA

Also known as TELCO CREDIT UNION

Tax-exempt · TARBORO, NC 27886

Financials

$3.6M$3.5M2023$4M$4M2024$4.1M$4.4M2025
Revenue Expenses · by fiscal year end
Financials of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$4,085,291$4,399,954-$314,663$53,632,489$46,998,616$6,633,873
December 31, 2024990$4,033,271$4,010,827$22,444$51,781,324$44,832,788$6,948,536
December 31, 2023990$3,569,382$3,466,739$102,643$52,003,379$45,077,287$6,926,092
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,985,040
Investment income
$100,251
Net gain from sales of assets
-$118,988
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$250,596
Other salaries and wages
$691,772
Salaries, compensation and benefits (total)
$1,235,685
Professional fundraising fees
$0
Legal fees
$20,938
Accounting fees
$106,213
Occupancy
$121,997
Depreciation
$451,158
Program services (functional)
$4,399,954

Balance sheet and other

Total assets, start of year
$51,781,324
Total assets, end of year
$53,632,489
Total liabilities, end of year
$46,998,616
Net assets, end of year
$6,633,873
Land, buildings and equipment
$2,537,649
Gross unrelated business income
$39,825
Gross receipts
$4,204,279
Employees
23
Volunteers
7
Year formed
1941
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.

NameTitleHours / weekCompensation
CHARLES L JOHNSONCEO BOARD SECRETARY BOARD TREASURER BOARD MEMBER
Officer
40$147,446
FATE TOLSTONVP
Officer, Former
40$103,150
SABRINA BYNUMBOARD MEMBER
Trustee or director
2$0
BELINDA GURKINSBOARD VICE CHAIRPERSON BOARD MEMBER
Trustee or director
2$0
PAMELA DAVISBOARD MEMBER
Trustee or director
2$0
JUNE CARLISLEBOARD CHAIRPERSON BOARD MEMBER
Trustee or director
2$0
JARVIS PETTAWAYBOARD MEMBER
Trustee or director
2$0
MARCUS WILLOUGHBYBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
CHARLES L JOHNSONCEO BOARD SECRETARY BOARD TREASURER BOARD MEMBER
Officer
40$147,654
SABRINA BYNUMBOARD MEMBER
Trustee or director
2$0
BELINDA GURKINSBOARD VICE CHAIRPERSON BOARD MEMBER
Trustee or director
2$0
PAMELA DAVISBOARD MEMBER
Trustee or director
2$0
JUNE CARLISLEBOARD CHAIRPERSON BOARD MEMBER
Trustee or director
2$0
WILLIAM GOODEBOARD MEMBER
Trustee or director
2$0
JARVIS PETTAWAYBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
CHARLES L JOHNSONCEO BOARD SECRETARY BOARD TREASURER BOARD MEMBER
Officer
40$131,059
CARRIE M LEWISBOARD MEMBER
Trustee or director
2$0
BELINDA GURKINSBOARD VICE CHAIRPERSON BOARD MEMBER
Trustee or director
2$0
PAMELA DAVISBOARD MEMBER
Trustee or director
2$0
JUNE CARLISLEBOARD CHAIRPERSON BOARD MEMBER
Trustee or director
2$0
WILLIAM GOODEBOARD MEMBER
Trustee or director
2$0
JARVIS PETTAWAYBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1720 BARLOW RD, TARBORO, NC 27886-4712
In care of
% CHARLES JOHNSON
Principal officer (990 for 2025)
CHARLES JOHNSON, 1720 BARLOW RD, TARBORO, NC 278864712
Signed the 990
CHARLES JOHNSON, CEO
Phone
(252) 823-0119
Return prepared by
Ewart & Associates LLC

Mission

PROVIDING CREDIT UNION SERVICES TO MEMBERS.

990 for the year ended December 31, 2025

Program accomplishments

  • PROVIDING CREDIT UNION SERVICES.
    Expenses $4,399,954 · revenue $4,085,291

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6047303
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
Assets (IRS master file)
$53,632,489
Income (IRS master file)
$4,204,279

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$4,085,291$4,399,954$53,632,489IRS
990December 2024$4,033,271$4,010,827$51,781,324IRS
990December 2023$3,569,382$3,466,739$52,003,379XML
990December 2022$2,992,888$2,690,662$48,536,514IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 56-6047303).

Questions about STATE CHARTERED CREDIT UNION IN NORTH CAROLINA

What is the EIN of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA?
The employer identification number (EIN) of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA is 56-6047303.
Is STATE CHARTERED CREDIT UNION 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 UNION IN NORTH CAROLINA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does STATE CHARTERED CREDIT UNION 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 UNION 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 UNION 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 UNION IN NORTH CAROLINA?
The 990 for the year ended December 31, 2025 names CHARLES JOHNSON.
Who are the officers and directors of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA?
The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $147,446 (CHARLES L JOHNSON, CEO BOARD SECRETARY BOARD TREASURER BOARD MEMBER).
How much revenue does STATE CHARTERED CREDIT UNION IN NORTH CAROLINA have?
On its 990 for the year ended December 31, 2025 it reported revenue of $4,085,291, expenses of $4,399,954 and total assets of $53,632,489 at year end.

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