Nonprofit · EIN 62-0156027
CHATTANOOGA FEDERAL EMPLOYEES CU
Tax-exempt · CHATTANOOGA, TN 37421
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,030,502 | $3,488,738 | $541,764 | $73,551,558 | $60,947,217 | $12,604,341 |
| December 31, 2024 | 990 | $3,714,111 | $3,205,376 | $508,735 | $71,242,332 | $59,179,756 | $12,062,576 |
| December 31, 2023 | 990 | $3,020,838 | $2,472,363 | $548,475 | $65,716,328 | $54,162,487 | $11,553,841 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,764,653
- Investment income
- $1,053,845
- Other revenue
- $212,004
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $518,609
- Salaries, compensation and benefits (total)
- $749,108
- Professional fundraising fees
- $0
- Occupancy
- $135,394
- Management and general (functional)
- $3,488,738
Balance sheet and other
- Total assets, start of year
- $71,242,332
- Total assets, end of year
- $73,551,558
- Total liabilities, end of year
- $60,947,217
- Net assets, end of year
- $12,604,341
- Land, buildings and equipment
- $2,079,577
- Gross receipts
- $4,030,502
- Employees
- 9
- Volunteers
- 7
- Year formed
- 1925
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 |
|---|---|---|---|---|
| MARK FRAKER | CEO Officer | 40 | $161,593 | $88,348 |
| JACK BORAN | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| JUDY MAHAFFEY | BOARD VICE C Trustee or director | 1 | $0 | $0 |
| NEAL DEKICH | BOARD SECRET Trustee or director | 1 | $0 | $0 |
| WILLIAM COMBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURA SHARP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTHA WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BROOKE WEAVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK FRAKER | CEO Officer | 40 | $156,826 | $81,718 |
| JACK BORAN | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| JUDY MAHAFFEY | BOARD VICE C Trustee or director | 1 | $0 | $0 |
| NEAL DEKICH | BOARD SECRET Trustee or director | 1 | $0 | $0 |
| WILLIAM K COMBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURA SHARP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL SWAFFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BROOKE WEAVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK FRAKER | CEO Officer | 40 | $145,425 | $70,186 |
| JACK BORAN | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| JUDY MAHAFFEY | BOARD VICE C Trustee or director | 1 | $0 | $0 |
| NEAL DEKICH | BOARD SECRET Trustee or director | 1 | $0 | $0 |
| WILLIAM K COMBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURA SHARP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL SWAFFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BROOKE WEAVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2011 STEIN DR, CHATTANOOGA, TN 37421-1692
- In care of
- % DEBBIE BYRD
- Principal officer (990 for 2025)
- MARK FRAKER, P O BOX 22205, CHATTANOOGA, TN 37422
- Signed the 990
- MARK FRAKER, CEO
- Phone
- (423) 892-3738
- Website
- WWW.CFECU.ORG
- Return prepared by
- CREDIT UNION AUDIT GROUP
Mission
CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 2,836 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
Program accomplishments
- THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.Expenses $1,834,431
- THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.Expenses $1,654,307
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
- 62-0156027
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1182: CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE
- Assets (IRS master file)
- $73,551,558
- Income (IRS master file)
- $4,030,502
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,030,502 | $3,488,738 | $73,551,558 | XML |
| 990 | December 2024 | $3,714,111 | $3,205,376 | $71,242,332 | IRS |
| 990 | December 2023 | $3,020,838 | $2,472,363 | $65,716,328 | XML |
| 990 | December 2022 | $2,162,079 | $1,603,983 | $64,263,581 | 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 62-0156027).
Questions about CHATTANOOGA FEDERAL EMPLOYEES CU
- What is the EIN of CHATTANOOGA FEDERAL EMPLOYEES CU?
- The employer identification number (EIN) of CHATTANOOGA FEDERAL EMPLOYEES CU is 62-0156027.
- Is CHATTANOOGA FEDERAL EMPLOYEES CU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to CHATTANOOGA FEDERAL EMPLOYEES CU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHATTANOOGA FEDERAL EMPLOYEES CU 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 CHATTANOOGA FEDERAL EMPLOYEES CU 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 CHATTANOOGA FEDERAL EMPLOYEES CU 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 CHATTANOOGA FEDERAL EMPLOYEES CU?
- The 990 for the year ended December 31, 2025 names MARK FRAKER.
- Who are the officers and directors of CHATTANOOGA FEDERAL EMPLOYEES CU?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $161,593 (MARK FRAKER, CEO).
- How much revenue does CHATTANOOGA FEDERAL EMPLOYEES CU have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,030,502, expenses of $3,488,738 and total assets of $73,551,558 at year end.
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