Nonprofit · EIN 56-6048494
STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
Also known as PIEDMONT ADVANTAGE CREDIT UNION
Tax-exempt · WINSTON SALEM, NC 27103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $22,562,731 | $22,446,782 | $115,949 | $386,876,587 | $363,265,651 | $23,610,936 |
| December 31, 2024 | 990 | $20,410,252 | $22,644,582 | -$2,234,330 | $387,143,173 | $367,632,554 | $19,510,619 |
| December 31, 2023 | 990 | $21,421,471 | $22,080,103 | -$658,632 | $389,505,933 | $367,946,349 | $21,559,584 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,498,827
- Investment income
- $5,063,904
- Net gain from sales of assets
- $2,178,851
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,323
- Other salaries and wages
- $6,726,856
- Salaries, compensation and benefits (total)
- $8,205,823
- Professional fundraising fees
- $0
- Legal fees
- $33,392
- Accounting fees
- $132,000
- Occupancy
- $898,110
- Travel
- $52,930
- Depreciation
- $581,387
Balance sheet and other
- Total assets, start of year
- $387,143,173
- Total assets, end of year
- $386,876,587
- Total liabilities, end of year
- $363,265,651
- Net assets, end of year
- $23,610,936
- Land, buildings and equipment
- $10,300,206
- Gross unrelated business income
- $1,122,165
- Gross receipts
- $22,874,416
- Employees
- 114
- Volunteers
- 14
- Year formed
- 1949
- 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 |
|---|---|---|---|---|
| DION WILLIAMS | PRESIDENT/CE Officer | 40 | $376,387 | $28,794 |
| FITZHUGH LEE MCMURRY | SR FINANCIAL Highest-paid employee | 40 | $233,834 | $22,973 |
| JEANETTE STARK | CLO/GENERAL Officer | 40 | $216,559 | $23,173 |
| SANDY MILTON | COO Officer | 40 | $155,978 | $13,685 |
| ROBERT PAYNE | CTO Highest-paid employee | 40 | $146,538 | $14,100 |
| KIM ADKINS | SVP MARKETIN Highest-paid employee | 40 | $134,174 | $17,048 |
| JAMES MOORE | VP OF RISK Highest-paid employee | 40 | $127,837 | $19,411 |
| CHARLES F SKARA | CFO Officer | 40 | $132,377 | $14,631 |
| CHERYL MORRELL | VP/CONTROLLE Highest-paid employee | 40 | $124,545 | $13,034 |
| JEFF REYNOLDS BEG SEPTEMBER | DIRECTOR Trustee or director | 1 | $0 | $86 |
| AJ EAKER | DIRECTOR Trustee or director | 1 | $0 | $86 |
| TOM MEKIS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $86 |
| MARK SAUNDERS | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $86 |
| MARK LINVILLE | TREASURER Trustee or director, Officer | 1 | $0 | $86 |
| DIANA JOHNSON | SECRETARY Trustee or director, Officer | 1 | $0 | $86 |
5 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK HENRY BEG FEBRUARY | DIRECTOR Trustee or director | 1 | $0 | $79 |
| DARREN CRANFILL END SEPTEMBER | DIRECTOR Trustee or director | 1 | $0 | $64 |
| JUSTINE LERCH | DIRECTOR Trustee or director | 1 | $0 | $39 |
| GEORGE PRICE | DIRECTOR Trustee or director | 1 | $0 | $39 |
| BRIAN MYERS END JANUARY | DIRECTOR Trustee or director | 1 | $0 | $7 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DION WILLIAMS | PRESIDENT/CE Officer | 40 | $380,757 | $28,706 |
| FITZHUGH LEE MCMURRY | SR FINANCIAL Highest-paid employee | 40 | $200,033 | $18,274 |
| JEANETTE STARK | CLO/GENERAL Officer | 40 | $190,990 | $22,250 |
| CARLA HOOKER | SR FINANCIAL Highest-paid employee | 40 | $187,861 | $11,214 |
| SANDY MILTON | COO Officer | 40 | $145,848 | $13,463 |
| ROBERT PAYNE | CTO Highest-paid employee | 40 | $139,499 | $13,277 |
| KIM ADKINS | AVP MARKETIN Highest-paid employee | 40 | $124,501 | $16,359 |
| CHERYL MORRELL | VP/CONTROLLE Highest-paid employee | 40 | $120,120 | $12,434 |
| CHARLES F SKARA | CFO Officer | 40 | $117,703 | $14,360 |
| DARREN CRANFILL | DIRECTOR Trustee or director | 1 | $0 | $86 |
| MARK LINVILLE | DIRECTOR Trustee or director | 1 | $0 | $86 |
| BRYAN MYERS | DIRECTOR Trustee or director | 1 | $0 | $86 |
| DIANA SANTOS-JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $86 |
| TOM MEKIS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $86 |
| MARK SAUNDERS | SECRETARY Trustee or director, Officer | 1 | $0 | $79 |
| STEVE GILLILAND END SEPTEMBER | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $64 |
| GEORGE PRICE | DIRECTOR Trustee or director | 1 | $0 | $35 |
| JUSTINE LERCH | DIRECTOR Trustee or director | 1 | $0 | $23 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL WESTBROOK | SR FINANCIAL Highest-paid employee | 40 | $393,459 | $11,195 |
| DION WILLIAMS | PRESIDENT/CE Officer | 40 | $359,871 | $30,050 |
| JEANETTE STARK | CLO/GENERAL Officer | 40 | $224,077 | $18,556 |
| PETER MINFORD | CFO Officer | 40 | $220,241 | $13,046 |
| ROBERT PAYNE | SVP OF IT Highest-paid employee | 40 | $147,406 | $13,504 |
| JAMES MOORE | VP OF RISK Highest-paid employee | 40 | $131,957 | $19,811 |
| KIM ADKINS | SVP OF MARKE Highest-paid employee | 40 | $132,600 | $16,552 |
| SANDY MILTON | SVP SERVICE Highest-paid employee | 40 | $132,273 | $15,284 |
| DARREN CRANFILL | DIRECTOR Trustee or director | 1 | $0 | $86 |
| MARK LINVILLE | DIRECTOR Trustee or director | 1 | $0 | $86 |
| DIANA SANTOS-JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $86 |
| TOM MEKIS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $86 |
| STEVE GILLILAND | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $86 |
| JUSTINE LERCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE PRICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SAUNDERS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3530 ADVANTAGE WAY, WINSTON SALEM, NC 27103-5515
- In care of
- % DION WILLIAMS
- Principal officer (990 for 2025)
- DION WILLIAMS, 3530 ADVANTAGE WAY, WINSTONSALEM, NC 27103
- Signed the 990
- DION WILLIAMS, PRESIDENT/CEO
- Phone
- (800) 433-7228
- Website
- WWW.PACU.COM
- Return prepared by
- BUTLER BURKE LLP
Mission
EMPOWER OUR TEAMMATES TO WORK WITHIN THE COMMUNITIES WE SERVE SO THAT OUR MEMBERS HAVE ACCESS TO AFFORDABLE CREDIT AND FINANCIAL SERVICES NEEDED TO GROW AND SUSTAIN THEIR WEALTH AND FINANCIAL LIVELIHOOD.
Program accomplishments
- THE CREDIT UNION OFFERS VALUABLE BANKING SOLUTIONS TO OVER 30,000 MEMBERS. WITH ACCESS TO OVER 5,000 BRANCHES WITHIN THE SHARE BRANCH NETWORK AND 35,000 SURCHARGE-FREE ATMS, MEMBERSHIP IS OPEN TO INDIVIDUALS, WHO RESIDE, WORK OR WORSHIP IN ONE OF THE EIGHT COMMUNITIES THE CREDIT UNION SERVES IN NORTH CAROLINA OR WHO ARE EMPLOYED BY ONE OF ITS EMPLOYER COMPANIES. IN ADDITION, THE CREDIT UNION IS COMMITTED TO SOCIAL RESPONSIBILITY DIVERSITY INCLUSION TO POSITIVELY IMPACT THE COMMUNITY AND STATE.
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
- 56-6048494
- 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)
- $386,876,587
- Income (IRS master file)
- $22,874,416
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $22,562,731 | $22,446,782 | $386,876,587 | XML |
| 990 | December 2024 | $20,410,252 | $22,644,582 | $387,143,173 | XML |
| 990 | December 2023 | $21,421,471 | $22,080,103 | $389,505,933 | XML |
| 990 | December 2022 | $18,839,833 | $20,256,042 | $405,096,501 | 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 56-6048494).
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 56-6048494.
- 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 DION WILLIAMS.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
- The 990 for the year ended December 31, 2025 lists 20 people; 9 received compensation from the organization, the highest $376,387 (DION WILLIAMS, PRESIDENT/CE).
- 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 $22,562,731, expenses of $22,446,782 and total assets of $386,876,587 at year end.
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