LGE COMMUNITY CREDIT UNION

EIN: 586032554

ATLANTA, GA

Total Revenue
$143,249,507
Total Expenses
$128,861,802
Total Assets
$2,302,899,400
Net Assets
$218,091,009
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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
1951
Legal Domicile
GA
Principal Officer
CHRIS LEGGETT
Phone
7704240060
Tax Period
2024-01-01 to 2024-12-31

LGE COMMUNITY CREDIT UNION, founded in 1951, is a major nonprofit that reported $143.2M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $128.9M left a modest 10% surplus.

Mission

PROVIDE SAVINGS AND LENDING ACTIVITIES TO MEMBER OWNERS OF THE COOPERATIVE

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $116,121,062
Investment Income $27,128,445
Other Revenue $0
TOTAL REVENUE $143,249,507

Expense Breakdown

Grants Paid $222,500
Salaries & Benefits $39,974,857
Fundraising Expenses $0
Other Expenses $88,664,445
TOTAL EXPENSES $128,861,802

Year-over-Year Comparison

2024 2023 Change
Revenue $143,249,507 $117,454,017 +0.2%
Expenses $128,861,802 $101,476,586 +0.3%
Net Income $14,387,705 $15,977,431 -0.1%
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
408
Volunteers
12

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
$1,425,778
Total Directors
11
$0
Key Employees
4
$1,860,336
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN BROWNING BOD MEMBER 5.00
Director
$0 $0 $0
FRANK S MYERS BOD MEMBER/SC MEMBER 5.00
Director
$0 $0 $0
MONTE F CAGLE BOD MEMBER 5.00
Director
$0 $0 $0
CHERYL BRAUND BOD SECRETARY/SC CHAIR 5.00
Director
$0 $0 $0
CURT EARNEST BOD CHAIR 5.00
Director
$0 $0 $0
MICHAEL L SANSEVIRO BOD MEMBER 5.00
Director
$0 $0 $0
DENISE O'CONNELL BOD V. CHAIR 5.00
Director
$0 $0 $0
ALLEN BISHOP BOD MEMBER/SC MEMBER 5.00
Director
$0 $0 $0
RON SUMPTER BOD MEMBER/SC MEMBER 5.00
Director
$0 $0 $0
BARRY JONES BOD TREASURER/SC MEMBER 5.00
Director
$0 $0 $0
BRIDGES HOLMES SC MEMBER 1.00
Director
$0 $0 $0
CHRIS LEGGETT PRESIDENT/CEO 40.00
Officer
$896,690 $48,225 $944,915
SEAN FERRELL SVP/CFO 40.00
Officer
$422,449 $58,414 $480,863
JANET C WAGNER SVP/CXO 40.00
Key Emp
$421,810 $43,571 $465,381
RODNEY GRIZZLE CLO/PRESIDENT,GCB DIVISION 40.00
Key Emp
$400,693 $50,723 $451,416
MURALI KRISHNAN SVP/CIO 40.00
Key Emp
$446,124 $43,322 $489,446
ANTHONY BAKE SVP, CRO & GENERAL COUNSEL 40.00
Key Emp
$413,281 $40,812 $454,093
CHRISTOPHER VISOCNIK VP IT 40.00
Highest
$250,186 $38,015 $288,201
JUDY KINNEY SVP OPERATIONS 40.00
Highest
$239,412 $45,003 $284,415
CHRISTINA KENDRICK VP MEMBER EXPERIENCE 40.00
Highest
$206,748 $48,370 $255,118
RYAN NAPIER VP HUMAN RESOURCES 40.00
Highest
$261,797 $31,411 $293,208
THOMAS GARRETT VP MEMBER SOLUTIONS 40.00
Highest
$215,979 $24,603 $240,582
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
2024 $143,249,507 $128,861,802 $2,302,899,400 $14,387,705
2023 $117,454,017 $101,476,586 $2,508,526,039 $15,977,431
2022 $89,576,565 $67,421,896 $2,043,638,947 $22,154,669
2021 $81,568,561 $61,338,577 $1,989,595,139 $20,229,984
2020 $77,013,667 $63,439,184 $1,693,361,882 $13,574,483
2019 $79,578,841 $60,542,452 $1,433,057,305 $19,036,389
2018 $69,094,930 $54,063,984 $1,391,337,596 $15,030,946
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