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Nonprofit · EIN 61-6026508

GREATER KENTUCKY CREDIT UNION INC

Tax-exempt · LEXINGTON, KY 40504

Financials

$6.3M$5.8M2023$5.7M$5.6M2024
Revenue Expenses · by fiscal year end
Financials of GREATER KENTUCKY CREDIT UNION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,717,216$5,649,971$67,245$89,886,631$79,939,565$9,947,066
December 31, 2023990$6,324,313$5,794,027$530,286$94,799,663$84,919,842$9,879,821
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,467,811
Investment income
$750,354
Other revenue
$499,051

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$645,397
Other salaries and wages
$737,359
Salaries, compensation and benefits (total)
$1,719,938
Professional fundraising fees
$0
Legal fees
$6,783
Accounting fees
$12,994
Occupancy
$174,713
Depreciation
$94,338

Balance sheet and other

Total assets, start of year
$94,799,663
Total assets, end of year
$89,886,631
Total liabilities, end of year
$79,939,565
Net assets, end of year
$9,947,066
Land, buildings and equipment
$807,552
Gross receipts
$5,717,216
Employees
32
Volunteers
8
Year formed
1953
State of legal domicile
KY

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.

NameTitleHours / weekCompensationOther / benefits
Michael LittlePresident/CEO
Key employee
40$177,465$8,960
Jeffrey CalvertIT Manager
Key employee
40$101,928$39,079
Julie LoganVice President
Key employee
40$106,301$6,516
Devon AdamsVice President of Member Development
Key employee
40$92,811$10,296
Carrie JohnsonVP of HR and Employee Development
Key employee
40$93,654$6,241
Debbie PyleRetired CEO
Officer
40$73,238$5,874
Ken HadleyChairman
Trustee or director
2$0$0
Gary WalkerVice Chairman
Trustee or director
2$0$0
Karen SettlesSecretary
Trustee or director
2$0$0
Christina StewartTreasurer
Trustee or director
2$0$0
Karl StoerzerBoard Member
Trustee or director
2$0$0
William SpearsRetired Board Member
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
Debbie PyleExec Director/CEO
Officer
40$239,954$25,482
Michael LittleCFO/Controller
Officer
40$110,704$7,640
Julie LoganVice President
Officer
40$97,200$13,560
Devon AdamsVice President
Officer
40$87,889$5,806
Ken HadleyChairman
Trustee or director
2$0$0
Bill SpearsBoard Member
Trustee or director
2$0$0
Karl StoerzerSecretary
Trustee or director
2$0$0
Christina StewartTreasurer
Trustee or director
2$0$0
Gary WalkerVice Chairman
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1001 RED MILE RD, LEXINGTON, KY 40504-2650
In care of
% KEITH GILL
Principal officer (990 for 2024)
Michael Little, Greater Kentucky Credit Union, 1001 Red Mile Road, Lexington, KY 40504
Signed the 990
Michael Little, CEO & President
Phone
(859) 231-9300

Mission

We are a tax exempt credit union providing share and loan services to members.

990 for the year ended December 31, 2024

Program accomplishments

  • We are a co-op financial institution that promotes thrift and good use of credit. We paid $1,821,457 in Dividends and collected $5,218,165 in Interest Income, Investment Income and Fees.
    Expenses $1,821,457 · revenue $5,218,165
  • Credit Union has branches that are necessary to operate and conduct business.
    Expenses $266,498
  • Provision for Loan and Lease Loss
    Expenses $379,895
  • All other Operating expenses
    Expenses $3,182,120

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-6026508
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1959
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$89,886,631
Income (IRS master file)
$5,717,216

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,717,216$5,649,971$89,886,631IRS
990December 2023$6,324,313$5,794,027$94,799,663XML
990December 2022$5,100,885$4,577,527$95,065,792IRS
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 61-6026508).

Questions about GREATER KENTUCKY CREDIT UNION INC

What is the EIN of GREATER KENTUCKY CREDIT UNION INC?
The employer identification number (EIN) of GREATER KENTUCKY CREDIT UNION INC is 61-6026508.
Is GREATER KENTUCKY CREDIT UNION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1959.
Are donations to GREATER KENTUCKY CREDIT UNION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GREATER KENTUCKY CREDIT UNION INC 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 GREATER KENTUCKY CREDIT UNION INC 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 GREATER KENTUCKY CREDIT UNION INC 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 GREATER KENTUCKY CREDIT UNION INC?
The 990 for the year ended December 31, 2024 names Michael Little.
Who are the officers and directors of GREATER KENTUCKY CREDIT UNION INC?
The 990 for the year ended December 31, 2024 lists 12 people; 6 received compensation from the organization, the highest $177,465 (Michael Little, President/CEO).
How much revenue does GREATER KENTUCKY CREDIT UNION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,717,216, expenses of $5,649,971 and total assets of $89,886,631 at year end.

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