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Nonprofit · EIN 62-0246190

CN IC EMPLOYEES CREDIT UNION

Tax-exempt · MEMPHIS, TN 38132

Financials

$717K$696K2023$816K$841K2024
Revenue Expenses · by fiscal year end
Financials of CN IC EMPLOYEES CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$815,652$840,563-$24,911$9,900,422$8,385,548$1,514,874
December 31, 2023990$716,605$695,753$20,852$9,703,870$8,164,085$1,539,785
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$653,387
Investment income
$132,407
Other revenue
$29,858

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$210,651
Salaries, compensation and benefits (total)
$244,755
Professional fundraising fees
$0
Occupancy
$39,120
Management and general (functional)
$840,563

Balance sheet and other

Total assets, start of year
$9,703,870
Total assets, end of year
$9,900,422
Total liabilities, end of year
$8,385,548
Net assets, end of year
$1,514,874
Land, buildings and equipment
$30,550
Gross receipts
$815,652
Employees
6
Volunteers
0
Year formed
1932
State of legal domicile
TN

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
Sandra GriffisCEO/Manager
Officer
40$91,800$3,127
Norman JamisonBoard Member
Trustee or director
0$0$0
Brandon LacklandBoard Member
Trustee or director
0$0$0
Kelly PearsonBoard Member
Trustee or director
0$0$0
Mark ColemanSecretary-Treasurer
Trustee or director
0$0$0
Randall K BrowningBoard Vice-President
Trustee or director
0$0$0
James TaylorBoard Member
Trustee or director
0$0$0
Jason GrissomBoard President
Trustee or director
0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
SANDRA GRIFFISCEO/MANAGER
Officer
40$96,739$5,336
RANDALL K BROWNINGBOARD VICE-P
Trustee or director
–$0$0
MARK COLEMANSECRETARY-TR
Trustee or director
–$0$0
JASON GRISSOMBOARD PRESID
Trustee or director
–$0$0
NORMAN JAMISONBOARD MEMBER
Trustee or director
–$0$0
BRANDON LACKLANDBOARD MEMBER
Trustee or director
–$0$0
KELLY PEARSONBOARD MEMBER
Trustee or director
–$0$0
JAMES TAYLORBOARD MEMBER
Trustee or director
–$0$0

Address and contacts

Address (IRS master file)
2005 NONCONNAH BLVD STE 7, MEMPHIS, TN 38132-2129
In care of
% SANDRA GRIFFIS
Principal officer (990 for 2024)
Sandra Griffis, 2005 Nonconnah Blvd Suite 7, Memphis, TN 38132
Signed the 990
Sandra Griffis, CEO/Manager
Phone
(901) 332-2686
Website
icecu.net
Return prepared by
ATA Advisory LLC

Mission

Credit Union - To provide services for approximately 1,240 members in the form of loans, savings, and other financial services

990 for the year ended December 31, 2024

Program accomplishments

  • The Credit Union provides a variety of loan services for its members
  • The Credit Union provides a variety of deposit services for 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 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
62-0246190
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

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$815,652$840,563$9,900,422XML
990December 2023$716,605$695,753$9,703,870XML
990December 2022$591,435$531,589$9,553,541IRS
990December 2021–––IRS
990December 2020–––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 62-0246190).

Questions about CN IC EMPLOYEES CREDIT UNION

What is the EIN of CN IC EMPLOYEES CREDIT UNION?
The employer identification number (EIN) of CN IC EMPLOYEES CREDIT UNION is 62-0246190.
Is CN IC EMPLOYEES CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
Are donations to CN IC EMPLOYEES CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CN IC EMPLOYEES 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 CN IC EMPLOYEES 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 CN IC EMPLOYEES 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 CN IC EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2024 names Sandra Griffis.
Who are the officers and directors of CN IC EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $91,800 (Sandra Griffis, CEO/Manager).
How much revenue does CN IC EMPLOYEES CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $815,652, expenses of $840,563 and total assets of $9,900,422 at year end.

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