2025-11-12T14:08:23-06:00 2024-12-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2024-01-01 626042274 SCENIC COMMUNITY CREDIT UNION SCEN 4238756955 4503 HIXSON PIKE HIXSON TN 37343 MARTY STUBBLEFIELD CEO 4235582912 2025-11-12 1 1 KIM HUSKEY CPA P00958962 4237567771 2025-11-12 2024 2025-03-06 01:10:19Z MARTY STUBBLEFIELD 4503 HIXSON PIKE HIXSON TN 37343 11926488 0 X WWW.MYSCCU.COM X 1954 TN SCENIC COMMUNITY CREDIT UNION IS A STATE-CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 15,182 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED CURRENTLY FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. 5 5 56 6 587845 0 0 0 7950642 10802627 337923 845806 0 0 8288565 11648433 0 0 1405234 2791757 2693568 3303951 0 0 0 3821808 5154696 7920610 11250404 367955 398029 154884613 160971834 139510716 145199908 15373897 15771926 WE ADVANCE FINANCIAL PEACE OF MIND WITHIN OUR COMMUNITY. 0 0 3250701 SCENIC COMMUNITY CREDIT UNION IS A STATE-CHARTERED CREDIT UNION, MUTUALLY OWNED BY OUR 15,182 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED CURRENTLY FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. 3250701 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 56 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 0 0 0 TN X MARTY STUBBLEFIELD 4235582902 4503 HIXSON PIKE HIXSON TN 37343 ALLEN NEELY CHAIRMAN 2.00 X 0 0 0 STAN HOPKINS SECRETARY/TREASURER 1.00 X 0 0 0 PETER ENSIGN DIRECTOR 1.00 X 0 0 0 DAVID WAYNE DENHAM DIRECTOR 1.00 X 0 0 0 ROBERT MADER VICE CHAIRMAN 1.00 X 0 0 0 JAY LAND DIRECTOR 1.00 X 0 0 0 MARTY STUBBLEFIELD CEO 40.00 X 175000 0 16772 RODNEY SELCER CHIEF LENDING OFFICER 40.00 X 125641 0 12457 JULIE RAINES CHIEF FINANCIAL OFFICER 40.00 X 138391 0 7523 439032 0 36752 3 0 1 0 0 INCOME FROM MEMBER LOANS 522100 9271456 9271456 INCOME FROM MEMBER 522100 1531171 1531171 10802627 257961 257961 865900 278055 587845 587845 587845 11648433 11060588 587845 0 2791757 2791757 3034897 3034897 58965 58965 210089 210089 12384 12384 46412 46412 232143 232143 1090896 1090896 254986 254986 62630 62630 12874 12874 403026 403026 228445 228445 963225 963225 LOAN SERVICING/SHARE DR 1209868 1209868 OUTSIDE SERVICE BUREAUS 409896 409896 LEAGUE DUES 92396 92396 MAINTENANCE AGREEMENTS 86467 86467 49048 49048 11250404 3250701 7999703 0 1308881 1859472 993735 3978162 586787 768798 120100227 132363435 1049344 1114147 7763734 3898525 4151207 3865209 26074276 16260480 620156 762131 154884613 160971834 4049661 3371582 4402 2160 135456653 141826166 139510716 145199908 X 0 0 0 0 15373897 15771926 15373897 15771926 154884613 160971834 398029 0 X X 0 1 X 1 0 1350949 1350949 3349152 1295212 2053940 3057701 2603313 454388 5932 5932 3865209 INVESTMENT CD'S 13694000 C VOL CORP CU 657830 C NCUSIF 1346161 C PSCU-EQUITY 153827 C FEDERAL HOME LOAN BANK 408662 C 16260480 MEMBERS SHARE AND SAVINGS ACCOUNTS 141826166 141826166 X 11648433 0 11648433 0 11648433 11250404 0 11250404 0 11250404 PART X, LINE 2: AS A STATE CHARTERED CREDIT UNION, THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE. HOWEVER, SINCE THE CREDIT UNION IS STATE CHARTERED, IT IS SUBJECT TO FEDERAL TAX ON UNRELATED BUSINESS INCOME. IF APPLICABLE, THIS INCOME IS REPORTED ON THE FEDERAL FORM 990T AS UNRELATED BUSINESS INCOME. THE CREDIT UNION FOLLOWS THE GUIDANCE OF FASB ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, FASB ASC TOPIC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. BASED ON ITS EVALUATION, THE CREDIT UNION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE CREDIT UNION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED DECEMBER 31, 2021 THROUGH DECEMBER 31, 2024 THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2024. 0 0 0 MARTY STUBBLEFIELD CEO 175000 0 0 0 0 0 0 0 0 0 175000 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CHARTER AND BY-LAWS CALL FOR AN ANNUAL ELECTION. FORM 990, PART VI, SECTION A, LINE 7A 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 SHARE/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALL FOR IN THE BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARE/DEPOSITS, 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. FORM 990, PART VI, SECTION B, LINE 11B THIS FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C SEE PAGE 2 FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE LOCAL OFFICE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON A WRITTEN REQUEST TO THE PRESIDENT/CEO. PG. 6 PART VI LINE 6 WE ADVANCE FINANCIAL PEACE OF MIND WITHIN OUR COMMUNITY. PG. 12 PART XII, LINE 2C EXPLANATION: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.