2024-06-11T12:41:29-05:00 2023-12-31 721396621 CARR RIGGS & INGRAM LLC 3011 ARMORY DRIVE SUITE 300 NASHVILLE TN 37204 990 2023-01-01 621120233 VOLUNTEER CORPORATE CREDIT UNION VOLU 6152327900 2460 ATRIUM WAY NASHVILLE TN 37214 JUSTIN HOLT CHIEF FINANCIAL OFFICER 6152327900 2024-06-04 1 JUSTIN HOLT 999009999 1 RICHARD W BETTS P00237318 6156651811 2024-06-04 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JUSTIN HOLT 2460 ATRIUM WAY NASHVILLE TN 37214 118810831 0 X WWW.VOLCORP.ORG X 1981 TN INSPIRING CREDIT UNIONS TO REACH NEW HEIGHTS BY PROVIDING DYNAMIC PAYMENT SOLUTIONS, CUSTOM INVESTMENT SERVICES, AND UNPARALLELED MEMBER SERVICE. 9 9 70 17 0 0 0 0 0 0 47027531 101009331 31870158 17801500 78897689 118810831 0 0 0 0 8109852 9617847 0 0 0 44157218 88616840 52267070 98234687 26630619 20576144 1546022853 1830519716 1412302239 1671903203 133720614 158616513 TO SERVE AS THE PRIMARY FINANCIAL PARTNER WITH CREDIT UNIONS IN PROVIDING SUPERIOR PRODUCTS, SERVICES AND SUPPORT. 0 0 98234687 VOLUNTEER CORPORATE CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE THAT SERVES NATURAL PERSON CREDIT UNIONS NATIONALLY. IT WAS ORGANIZED FOR THE EXPRESS PURPOSE OF PROVIDING LOW-COST FINANCIAL SERVICES AND COMPETITIVE INVESTMENT AND LENDING RATES TO ITS MEMBER/OWNERS. 98234687 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 70 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JUSTIN HOLT 6152327900 2460 ATRIUM WAY NASHVILLE TN 37214 BRADLEY ARANT BOULT CUMMINGS LLP GENERAL COUNSEL 1.00 X 0 0 0 DEBBIE JONES DIRECTOR 1.00 X 0 0 0 JUDY HESTER DIRECTOR 1.00 X 0 0 0 BRIAN TROTTER DIRECTOR 1.00 X 0 0 0 ERIN WALTER DIRECTOR 1.00 X 0 0 0 MIKE COOPER SECRETARY 1.00 X 0 0 0 RICK MIKELS DIRECTOR 1.00 X 0 0 0 RON SMITH TREASURER 1.00 X 0 0 0 TODD SWIMS VICE CHAIRMAN 1.00 X 0 0 0 JOHN JACOWAY CHAIRMAN 1.00 X 0 0 0 JUSTIN HOLT CHIEF FINANCIAL OFFICER 40.00 X 202766 0 33960 CHRISTINA ADKISON CHIEF EXPERIENCE OFFICER 40.00 X 206548 0 40606 JEFFREY DATO EVP/COO 40.00 X 304737 0 52317 PHILLIP COCHRAN SVP/CHIEF INVESTMENT OFFIC 40.00 X 423645 0 41729 BEN WILLIAMS VP IT STRATEGIC PROJECTS 40.00 X 212412 0 35617 JEFFREY MERRY PRESIDENT/CEO 40.00 X 633776 0 51426 LARRY WADE STAPLETON VP, MARKETING AND COMMUNIC 40.00 X 153576 0 23725 JOSH YATES DIRECTOR SOFTWARE DEVELOPMENT 40.00 X 153052 0 37018 JEFF CANTRELL VP INFORMATION TECHNOLOGY 40.00 X 131714 0 23615 2422226 0 340013 9 0 1 0 0 101009331 101009331 OTHER 522100 15168078 15168078 ITEM PROCESSING 522100 2633122 2633122 300 300 17801500 118810831 118810831 0 0 6916156 6916156 607126 607126 2094565 2094565 76717 76717 113435 113435 1311584 1311584 385330 385330 22831 22831 390476 390476 49728 49728 101802 101802 140072 140072 80579348 80579348 657603 657603 209438 209438 OTHER OUTSIDE SERVICES 1690224 1690224 DATA PROCESSING 920392 920392 REPAIRS & MAINTENANCE 703120 703120 UTILITIES 154380 154380 1110360 1110360 98234687 98234687 0 0 168402145 155042013 380774207 844928965 7766101 10680596 5984614 6059422 54676905 32980599 332123 452032 9544307 6164736 3816477 3379571 923708457 776346217 561824 650301 1546022853 1830519716 85621049 121972194 178757291 303051268 1147923899 1246879741 1412302239 1671903203 X 0 0 0 0 133720614 158616513 133720614 158616513 1546022853 1830519716 X 20576144 6844288 -2524533 X X 0 1 X 1 0 426628 426628 2699739 1063190 1636549 6417940 5101546 1316394 3379571 FHLB STOCK 5739200 C ASSET BACKED SECURITIES 80726800 F CMO/REMIC 199545539 F ALLOWANCE - UNREALIZED G/L - INV. -12206155 F SBA SECURITIES 199435270 F AGENCY BULLET & CALLABLE 300693706 F CUSO 2411857 C 776346217 DEPOSITS 1246726439 INTEREST PAYABLE 153302 1246879741 X 117931506 0 117931506 879325 879325 118810831 97355362 0 97355362 879325 879325 98234687 PART X, LINE 2: VOLCORP HAS ADOPTED FASB ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT EVALUATES THE TAX POSITIONS TAKEN ON TAX FILINGS AND CONSULTS WITH OUTSIDE PROFESSIONALS IN EVALUATING THE LIKELIHOOD OF UNFAVORABLE RESULTS FROM ANY SUCH TAX POSITIONS. THE TAX YEARS FROM 2020 AND FORWARD REMAIN OPEN TO TAX AUDITS. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER NON-OPERATING INCOME 879,325. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER NON-OPERATING INCOME 879,325. X X X 0 0 0 JEFFREY MERRY PRESIDENT/CEO 492904 0 131182 0 9690 0 28203 0 23223 0 685202 0 0 0 PHILLIP COCHRAN SVP/CHIEF INVESTMENT OFFIC 160441 0 262739 0 465 0 18708 0 23021 0 465374 0 0 0 JEFFREY DATO EVP/COO 261515 0 41416 0 1806 0 26152 0 26165 0 357054 0 0 0 BEN WILLIAMS VP IT STRATEGIC PROJECTS 184826 0 25052 0 2534 0 18483 0 17134 0 248029 0 0 0 CHRISTINA ADKISON CHIEF EXPERIENCE OFFICER 182685 0 23049 0 814 0 18269 0 22337 0 247154 0 0 0 JUSTIN HOLT CHIEF FINANCIAL OFFICER 180630 0 21803 0 333 0 18063 0 15897 0 236726 0 0 0 JOSH YATES DIRECTOR SOFTWARE DEVELOPMENT 141000 0 11812 0 240 0 14100 0 22918 0 190070 0 0 0 LARRY WADE STAPLETON VP, MARKETING AND COMMUNIC 139337 0 13118 0 1121 0 13934 0 9791 0 177301 0 0 0 JEFF CANTRELL VP INFORMATION TECHNOLOGY 126231 0 5000 0 483 0 10750 0 12865 0 155329 0 0 0 JEFFREY MERRY PRESIDENT SPLIT DOLLAR PLAN LOAN X 5268478 6059422 0 1 1 6059422 ALL DIRECTORS BOARD OF DIRECTORS MEMBER ALL DIRECTORS ARE OFFICERS OF CREDIT UNIONS THAT CONDUCT BUSINESS WITH THE ORGANIZATION. THESE CREDIT UNIONS PURCHASE LOANS, CDS, SECURITIES AND SERVICES THROUGH THE ORGANIZATION. ALL TRANSACTIONS BENEFIT THE ENTITIES, NOT THE INDIVIDUALS. THE ORGANIZATION SERVICES THE ENTITIES. 0 FORM 990, PART VI, SECTION A, LINE 6 VOLUNTEER CORPORATE CREDIT UNION'S REGULAR MEMBERSHIP IS OPEN TO CREDIT UNIONS CHARTERED UNDER TENNESSEE LAW, FEDERAL LAW, OR THE LAWS OF OTHER STATES OR TERRITORIES OF THE UNITED STATES. ASSOCIATE MEMBERSHIP IS OPEN TO CREDIT UNIONS, ASSOCIATIONS OF CREDIT UNIONS; AND CORPORATIONS, ORGANIZATIONS OR AGENCIES OWNED OR OPERATED BY A CREDIT UNION OR CREDIT UNIONS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ELECT THE BOARD OF DIRECTORS. ALL MEMBERS WHICH HAVE SUBSCRIBED TO AND HAVE ON DEPOSIT THE REQUIRED PERPETUAL CONTRIBUTED CAPITAL WITH THE ORGANIZATION ARE ENTITLED TO VOTE ON MATTERS SUBMITTED TO THE MEMBERSHIP FOR DECISION, CONSENT, RATIFICATION, WAIVER, RELEASE OR OTHER ACTION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD IS RESPONSIBLE FOR NORMAL BUSINESS DESCISIONS. DECISIONS OUTSIDE OF "BUSINESS AS USUAL" SUCH AS CHANGE OF CHARTER OR MERGER WOULD REQUIRE THE APPROVAL OF MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM, REVIEWED BY THE CEO AND CFO. THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICT OF INTEREST NO LESS THAN ANNUALLY. THE INTERNAL AUDITOR REVEIWS FOR POSSIBLE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR HIRING THE CEO BASED ON QUALIFICATIONS AND DETERMINING THE PAYSCALE. THE HR DEPARTMENT PROVIDES THE BOARD WITH A COMPENSATION ANALYSIS OF CORPORATE PAYSCALES BASED ON PRODUCTS PROVIDED. THE BOARD USES THIS RECOMMENDATION IN SETTING THE CEO'S SALARY. PAYSCALES FOR ALL POSITIONS AT VOLCORP ARE BASED ON COMPENSATION COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S BYLAWS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ITS MEMBERSHIP ON ITS WEBSITE. FORM 990, PART XI, LINE 9: PERPETUAL CONTRIBUTED CAPITAL DIVIDENDS AND REDEMPTIONS -2,524,533. FORM 990 PART XII LINE 2C NO CHANGES IN THE SELECTION OR OVERSIGHT PROCESS. SYMPHONY LLC 2460 ATRIUM WAY NASHVILLE TN 37214 TN 97981 696103 VOLUNTEER CORPORATE CREDIT UNION