2024-11-13T15:10:23-05:00 2023-12-31 621501873 Peters and Associates 9050 Executive Prk Dr Ste 220A Knoxville TN 37923 990 2023-01-01 620538561 EPB EMPLOYEES CREDIT UNION EPBE 1500 MCCALLIE AVENUE CHATTANOOGA TN 37404 JERRY B TROTTER CEO 4236483413 2024-11-13 true true CRAIG PETERS P00592909 8656947128 2024-11-13 2023 2024-10-15 13:58:12Z 1587595 false X WWW.EPBECU.ORG X 1954 TN STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 2,517 MEMBERS TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. 7 7 7 15 0 0 0 1322569 1587595 0 0 1322569 1587595 0 125673 423229 484579 476155 0 0 394273 673056 1004525 1572440 318044 15155 41594068 40581151 38277485 37106908 3316583 3474243 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 2,517 MEMBERS TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. false false 1572440 1587595 STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 2,517 MEMBERS TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. ALL OF OUR REVENUE AND EXPENDITURES ARE RELATED TO THIS PURPOSE. 1572440 false false false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 7 true false false false false false false false false false false false false false false false false false X 7 7 false false false false true true true true true false false true true true true false true true true false X WILLIAM A HOUSE III 4236483413 1500 MCCALLIE AVENUE CHATTANOOGA TN 37404 JERRY B TROTTER CEO 40.00 0.00 X 128796 0 0 JAMES C MILLION BOARD MEMBER 0.50 0.00 X 0 0 0 ANGELA LOVE BOARD MEMBER 0.50 0.00 X 0 0 0 DAVID LEE BOARD MEMBER 0.50 0.00 X 0 0 0 SANDEE BINGHAM VICE PRESIDENT 1.00 0.00 X X 0 0 0 DALE MCLEOD PRESIDENT 1.00 0.00 X X 0 0 0 WENDALL BORING TREASURER 1.00 0.00 X X 0 0 0 BRYAN BETTY SECRETARY 1.00 0.00 X X 0 0 0 128796 0 0 1 false false false LOAN INTERST 522100 971731 971731 INVESTMENT INTEREST 522100 498479 498479 FEE INCOME 522100 88917 88917 OTHER INCOME 522100 28468 28468 1587595 1587595 1587595 0 0 X 423229 423229 128796 128796 351558 351558 14267 14267 86810 86810 -105276 -105276 55581 55581 5385 5385 PROFESSIONAL & OUTSIDE SVC 198174 198174 OFFICE OPERATIONS 118388 118388 PROVISION FOR LOAN LOSS 131964 131964 LOAN SERVICING 43957 43957 119607 119607 1572440 1572440 0 0 231644 259299 428302 523504 18825314 17929031 1079448 662877 457816 416571 21299997 20997013 350995 455733 41594068 40581151 376923 208276 37900562 36898632 38277485 37106908 X 3316583 3474243 3316583 3474243 41594068 40581151 X 15155 288475 -145970 0 X false true X true false 15000 15000 127138 127138 694018 358501 335517 243292 177238 66054 416571 AVAILABLE-TO-SALE SECURITIES 12281798 F S&LS MUTUAL SAVINGS BANK 7104000 C LOANS TOINV IN NATURAL PERSON CUS 992055 C PD IN CAPITAL AT CORPORATE CUS 242939 C NCUSIF DEPOSIT 372901 C MEMBERSHIP CAPITAL AND CORPORATE CU 3320 C 20997013 ACCRUED INTEREST ON LOANS 44441 ACCRUED INTEREST ON INVESTMENTS 56641 ALL OTHER ASSETS LESS PREPAIDS 327733 ASSETS ACQUIRED IN LIQUIDATION 26918 455733 SHARE DRAFT ACCOUNTS 6108042 REGULAR SHARES 13383113 MONEY MARKET SHARES 1428480 SHARE CERTIFICATES 15640102 IRAKEOGH ACCOUNTS 303908 OTHER SHARES 34987 36898632 1587595 1587595 1587595 1572440 1572440 1572440 Members or stockholder classes and rights Part VI line 6 THE CHARTER AND BY-LAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. Member election for additional members Part VI line 7a THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BY-LAWS. Governing body decisions Part VI line 7b THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BY-LAWS. Governing body meeting documentation Part VI line 8a UNDER THE BY-LAWS, THE DIRECTORS MEET MONTHLY TO REVIEW THE OPERATIONS OF THE CREDIT UNION. THEIR ACTIONS ARE DOCUMENTED IN WRITTEN MONTHLY MINUTES. THE BOARD OF DIRECTORS APPROVE THE OPERATING POLICIES THAT DIRECT MANAGEMENT IN THE DAY-TO-DAY OPERATIONS OF THE CREDIT UNION. THE BOARD OF DIRECTORS APPOINT COMMITTEES TO OVERSEE SPECIFIC OPERATIONS OF THE CREDIT UNION INCLUDING AN AUDIT COMMITTEE, WHICH HIRES AN INDEPENDENT AUDITOR TO PERFORM AN ANNUAL AUDIT OF THE CREDIT UNION AND A PERSONNEL COMMITTEE WHICH RECOMMENDS AN OVERALL COMPENSATION PLAN FOR THE CREDIT UNION AS A WHOLE. COMMITTEE RECOMMENDATIONS ARE VOTED ON/APPROVED BY THE FULL BOARD OF DIRECTORS. Form 990 governing body review Part VI line 11 A COPY OF THE FORM 990 WAS DISTRIBUTED TO ALL BOARD MEMBERS. THE BOARD MEMBERS REVIEWED AND APPROVED THE TAX RETURN PRIOR TO FILING THE FORM 990. Conflict of interest policy compliance Part VI line 12c THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS. CEO executive director top management comp Part VI line 15a THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. Other officer or key employee compensation Part VI line 15b THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASEDON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOBCLASSIFICATION AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS FOR STAFF. THE CEO AND/OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TOSET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. Form 990 availability to public Part VI line 18 UPON REQUEST, COPIES OF THE CREDIT UNIONS ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY. Governing documents etc available to public Part VI line 19 WRITTEN COPIES OF POLICES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS REVIEW. List of other expenses Part IX line 24e EXPENSES FOR PART IX, LINE 24E INCLUDE:EXAMINATION EXPENSE $10,107EDUCATION AND PROMOTION $4,555TRAVEL AND CONVENTION $35,511MISC OPERATING $69,434 Part XI response or note to any line in Part XI EQUITY ACQUIRED IN MERGER WITH TENNESSEE AMERICAN WATER FEDERAL CREDIT UNION.