Nonprofit · EIN 61-6024972
ASHLAND CREDIT UNION
Tax-exempt · ASHLAND, KY 41101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $25,824,455 | $24,800,290 | $1,024,165 | $404,109,117 | $361,078,528 | $43,030,589 |
| December 31, 2023 | 990 | $21,886,374 | $19,418,530 | $2,467,844 | $376,390,268 | $334,240,937 | $42,149,331 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,428,663
- Investment income
- $3,281,782
- Other revenue
- $3,114,010
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $5,069,543
- Salaries, compensation and benefits (total)
- $6,591,687
- Professional fundraising fees
- $0
- Legal fees
- $79,100
- Accounting fees
- $99,732
- Occupancy
- $141,070
- Depreciation
- $970,165
Balance sheet and other
- Total assets, start of year
- $376,390,268
- Total assets, end of year
- $404,109,117
- Total liabilities, end of year
- $361,078,528
- Net assets, end of year
- $43,030,589
- Land, buildings and equipment
- $29,271,955
- Gross unrelated business income
- $5,429
- Gross receipts
- $25,824,455
- Employees
- 109
- Volunteers
- 24
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY J LUCAS | PRESIDENT Officer | 40 | $355,066 |
| TONY BURGE | DIRECTOR Trustee or director | – | $0 |
| TOM DEARING | DIRECTOR Trustee or director | – | $0 |
| MICHAEL A GARLINGER | SECRETARY Trustee or director | – | $0 |
| JOSEPH F HSU | DIRECTOR Trustee or director | – | $0 |
| KIRBIE HUNLEY | DIRECTOR Trustee or director | – | $0 |
| MICHAEL MORRISON | DIRECTOR Trustee or director | – | $0 |
| LESLIE A NOEL | VICE CHAIRMA Trustee or director | – | $0 |
| MICHAEL G SCHIFSKY | DIRECTOR Trustee or director | – | $0 |
| MATTHEW K SPENCE | TREASURER Trustee or director | – | $0 |
| KERRY TAGUE | DIRECTOR Trustee or director | – | $0 |
| MARITA H WERNER | CHAIRMAN Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY J LUCAS | PRESIDENT Officer | 40 | $304,073 |
| TOM DEARING | DIRECTOR Trustee or director | – | $0 |
| MICHAEL A GARLINGER | DIRECTOR Trustee or director | – | $0 |
| JOSEPH F HSU | DIRECTOR Trustee or director | – | $0 |
| LESLIE A NOEL | VICE CHAIRMA Trustee or director | – | $0 |
| R ANDREW RAY | DIRECTOR Trustee or director | – | $0 |
| MICHAEL G SCHIFSKY | DIRECTOR Trustee or director | – | $0 |
| MATTHEW K SPENCE | TREASURER Trustee or director | – | $0 |
| KERRY TAGUE | DIRECTOR Trustee or director | – | $0 |
| ROB WALTERS | SECRETARY Trustee or director | – | $0 |
| MARITA H WERNER | CHAIRMAN Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 305 MARTIN LUTHER KING JR BLVD, ASHLAND, KY 41101-7567
- Principal officer (990 for 2024)
- LARRY J LUCAS, 305 MARTIN LUTHER KING JR BLVD, ASHLAND, KY 41101
- Signed the 990
- LARRY J LUCAS, PRESIDENT
- Phone
- (606) 329-5489
- Website
- WWW.ASHLANDCU.ORG
- Return prepared by
- THE FYFFE JONES GROUP AC
Mission
THE PRIMARY FUNCTION OF THE CREDIT UNION IS TO PROVIDE LOANS TO ITS MEMBERS.
Program accomplishments
- THE PURPOSE OF THE CREDIT UNION IS TO PROMOTE THRIFT, MAKE INTEREST BEARING LOANS TO ITS MEMBERS, AND TO PROVIDE ITS MEMBERS SUCH OTHER FINANCIAL SERVICES IN THE BEST INTEREST OF THE CREDIT UNION AND OF ITS MEMBERS.
- THE PURPOSE OF THE CREDIT UNION IS TO PROMOTE THRIFT, MAKE INTEREST BEARING LOANS TO ITS MEMBERS, AND TO PROVIDE ITS MEMBERS SUCH OTHER FINANCIAL SERVICES IN THE BEST INTEREST OF THE CREDIT UNION AND OF ITS MEMBERS.
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 | Not 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
- 61-6024972
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $404,109,117
- Income (IRS master file)
- $25,824,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $25,824,455 | $24,800,290 | $404,109,117 | IRS |
| 990 | December 2023 | $21,886,374 | $19,418,530 | $376,390,268 | XML |
| 990 | December 2022 | $16,845,160 | $14,034,582 | $351,968,150 | 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 61-6024972).
Questions about ASHLAND CREDIT UNION
- What is the EIN of ASHLAND CREDIT UNION?
- The employer identification number (EIN) of ASHLAND CREDIT UNION is 61-6024972.
- Is ASHLAND CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to ASHLAND CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASHLAND CREDIT UNION 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 ASHLAND CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASHLAND CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASHLAND CREDIT UNION?
- The 990 for the year ended December 31, 2024 names LARRY J LUCAS.
- Who are the officers and directors of ASHLAND CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $355,066 (LARRY J LUCAS, PRESIDENT).
- How much revenue does ASHLAND CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $25,824,455, expenses of $24,800,290 and total assets of $404,109,117 at year end.
Other nonprofits in ASHLAND
- ASHLAND HOSPITAL CORPORATION EIN 61-0444716 · last filed 990 for 2025
- KINGS DAUGHTERS MEDICAL SPECIALTIES INC EIN 26-4183569 · last filed 990 for 2025
- PATHWAYS INC EIN 61-0661987 · last filed 990 for 2025
- MEMBERS CHOICE CREDIT UNION EIN 61-6029190 · last filed 990 for 2025
- COMMUNITY HOSPICE INC EIN 31-0970252 · last filed 990 for 2025
- KENTUCKY EDUCATIONAL DEVELOPMENT CORPORATION EIN 61-0659010 · last filed 990 for 2025
- ASHLAND NURSING HOME CORPORATION EIN 61-1386016 · last filed 990 for 2025
- KENTUCKY MEDICAL LOGISTICS INC EIN 26-4736971 · last filed 990 for 2025