STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA

EIN: 560172675

Canton, NC

Total Revenue
$28,858,984
Total Expenses
$23,604,486
Total Assets
$557,154,718
Net Assets
$57,160,205
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
NC
Principal Officer
Timothy Jake Robinson
Phone
8286481515
Tax Period
2023-01-01 to 2023-12-31

STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA, founded in 1932, is a mid-sized nonprofit that reported $28.9M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 18% operating margin.

Mission

State chartered credit union providing financial services to our 36,051 members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,858,984
Investment Income $0
Other Revenue $0
TOTAL REVENUE $28,858,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,483,601
Fundraising Expenses $0
Program Expenses $23,604,483
Other Expenses $11,586,119
TOTAL EXPENSES $23,604,486

Year-over-Year Comparison

2023 2022 Change
Revenue $28,858,984 $21,314,879 +0.4%
Expenses $23,604,486 $16,253,306 +0.5%
Net Income $5,254,498 $5,061,573 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
137
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$759,653
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy Robinson President/CEO 40
Officer
$429,698 $54,744 $484,442
Brittainy Crawford CFO 40
Officer
$224,108 $51,103 $275,211
Marcus Trull Director of Operations 40
Highest
$131,996 $32,908 $164,904
Barbara Pinter Director of Lending 40
Highest
$125,915 $32,982 $158,897
Melanie Mooney Director of HR 40
Highest
$117,529 $22,336 $139,865
Christopher Wells Mortgage Sales Manager 40
Highest
$114,062 $20,413 $134,475
Misty Rice Mortgage Loan Officer 40
Highest
$117,000 $4,832 $121,832
Bryan Trantham Chairperson 1
Director
$0 $0 $0
Mike Arnott Vice Chairperson 1
Director
$0 $0 $0
Andrew Francis Treasurer 1
Director
$0 $0 $0
Stephany Semones Secretary 1
Director
$0 $0 $0
Greg Boothroyd Board Member 1
Director
$0 $0 $0
Ron Mills Board Member 1
Director
$0 $0 $0
Howard Taylor Board Member 1
Director
$0 $0 $0
Dean Pressley Board Member 1
Director
$0 $0 $0
Gary Hollifield Board Member 1
Director
$0 $0 $0
Jenifer Wood Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $28,858,984 $23,604,486 $557,154,718 $5,254,498
2022 $21,314,879 $16,253,306 $447,675,001 $5,061,573
2021 $18,530,317 $15,499,429 $412,728,875 $3,030,888
2020 $17,196,062 $15,278,205 $344,871,715 $1,917,857
2019 $16,472,861 $14,700,312 $287,326,267 $1,772,549
2018 $15,926,422 $13,188,015 $293,260,705 $2,738,407
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