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Nonprofit · EIN 56-0432082

STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA

Also known as SUMMIT CREDIT UNION

Tax-exempt · GREENSBORO, NC 27409

Financials

$21.9M$19.2M2023$24.4M$21.4M2024$25.9M$23.1M2025
Revenue Expenses · by fiscal year end
Financials of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$25,893,783$23,126,078$2,767,705$360,263,330$305,284,672$54,978,658
December 31, 2024990$24,431,770$21,414,343$3,017,427$349,403,154$299,008,278$50,394,876
December 31, 2023990$21,859,593$19,159,854$2,699,739$338,211,628$294,447,434$43,764,194
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$22,421,180
Investment income
$3,063,888
Other revenue
$408,715

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$8,254,276
Professional fundraising fees
$0
Legal fees
$27,108
Accounting fees
$682,750
Occupancy
$555,456
Depreciation
$489,133
Program services (functional)
$23,126,078

Balance sheet and other

Total assets, start of year
$349,403,154
Total assets, end of year
$360,263,330
Total liabilities, end of year
$305,284,672
Net assets, end of year
$54,978,658
Land, buildings and equipment
$8,914,908
Gross unrelated business income
$408,715
Gross receipts
$25,893,783
Employees
99
Volunteers
9
Year formed
1935
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Sam WhitehurstCEO/President
Highest-paid employee
50$492,262
Derek WilliamsonSVP/CFO
Highest-paid employee
45$224,739
Sharisse FullerSecretary
Trustee or director
2$0
Tom WelchBoard Emeritus
Trustee or director
2$0
Rick MillerBoard member
Trustee or director
2$0
Paul MartinoBoard Member
Trustee or director
2$0
Brenda GibsonBoard Member
Trustee or director
2$0
Jill BennettVice Chair
Trustee or director
4$0
G A ThorntonBoard member
Trustee or director
4$0
Dan GreeneChairman
Trustee or director
4$0
Paul FrancisTreasurer
Trustee or director
4$0
Roger PyattBoard Member
Institutional trustee
2$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensation
Sam WhitehurstCEO/President
Highest-paid employee
50$474,659
Derek WilliamsonSVP/CFO
Highest-paid employee
45$195,396
G A ThorntonBoard member
Trustee or director
4$0
Dan GreeneChairman
Trustee or director
4$0
Paul FrancisTreasurer
Trustee or director
4$0
Sharisse FullerSecretary
Trustee or director
2$0
Roger PyattBoard Member
Trustee or director
2$0
Tom WelchBoard Emeritus
Trustee or director
2$0
Rick MillerBoard member
Trustee or director
2$0
Paul MartinoBoard Member
Trustee or director
2$0
Brenda GibsonBoard Member
Trustee or director
2$0
Jill BennettVice Chair
Trustee or director
4$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Sam WhitehurstCEO/President
Highest-paid employee
50$464,325
Derek WilliamsonSVP/CFO
Highest-paid employee
45$173,605
G A ThorntonChairman
Trustee or director
4$0
Dan GreeneVice-Chairman
Trustee or director
4$0
Paul FrancisTreasurer
Trustee or director
4$0
Sharisse FullerSecretary
Trustee or director
2$0
Roger PyattBoard Member
Trustee or director
2$0
Tom WelchBoard Emeritus
Trustee or director
2$0
Rick MillerBoard member
Trustee or director
2$0
Paul MartinoBoard Member
Trustee or director
2$0
Brenda GibsonBoard Member
Trustee or director
2$0

Address and contacts

Address (IRS master file)
8210 W MARKET ST, GREENSBORO, NC 27409-9679
In care of
% SAM WHITEHURST
Principal officer (990 for 2025)
Sam Whitehurst, 8210 West Market Street, Greensboro, NC 27409
Signed the 990
Missy Preston, VP of Accounting and Card Services
Phone
(336) 662-6200

Mission

To provide loans and services to members at reasonable rates and costs.

990 for the year ended December 31, 2025

Program accomplishments

  • To provide loans and services to members at reasonable rates and costs
    Expenses $23,126,078

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-0432082
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$360,263,330
Income (IRS master file)
$25,893,783

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$25,893,783$23,126,078$360,263,330IRS
990December 2024$24,431,770$21,414,343$349,403,154IRS
990December 2023$21,859,593$19,159,854$338,211,628XML
990December 2022$18,701,954$16,053,531$336,647,250IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0432082).

Questions about STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA

What is the EIN of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
The employer identification number (EIN) of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA is 56-0432082.
Is STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
The 990 for the year ended December 31, 2025 names Sam Whitehurst.
Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
The 990 for the year ended December 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $492,262 (Sam Whitehurst, CEO/President).
How much revenue does STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA have?
On its 990 for the year ended December 31, 2025 it reported revenue of $25,893,783, expenses of $23,126,078 and total assets of $360,263,330 at year end.

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