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Nonprofit · EIN 56-0602721

STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA

Also known as NOVA CREDIT UNION

Tax-exempt · CHARLOTTE, NC 28208

Financials

$7.3M$7.1M2023$7.6M$7.4M2024$7.8M$7.4M2025
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$7,812,140$7,417,240$394,900$120,695,855$101,560,351$19,135,504
December 31, 2024990$7,563,519$7,442,342$121,177$120,317,949$102,583,725$17,734,224
December 31, 2023990$7,295,637$7,115,677$179,960$120,556,862$103,422,382$17,134,480
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,878,905
Investment income
$933,235
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$3,254,580
Salaries, compensation and benefits (total)
$3,254,580
Professional fundraising fees
$0
Occupancy
$434,179
Program services (functional)
$7,014,812
Management and general (functional)
$402,428

Balance sheet and other

Total assets, start of year
$120,317,949
Total assets, end of year
$120,695,855
Total liabilities, end of year
$101,560,351
Net assets, end of year
$19,135,504
Land, buildings and equipment
$4,582,254
Net assets without donor restrictions
$19,135,504
Gross receipts
$7,812,140
Employees
58
Year formed
1934
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
MICHELLE HAYESPRESIDENT/CE
Highest-paid employee
40$146,667
TULLY MARAGAKISCFO
Highest-paid employee
40$120,538
MICHAEL RIDDELLVP
Highest-paid employee
40$101,943
KIM BOGGANTREASURER
Trustee or director
–$0
LOLA BUMBARGERSECRETARY
Trustee or director
–$0
JOHN GETERVICE CHAIRMA
Trustee or director
–$0
SHERRY GORDONBOARD MEMBER
Trustee or director
–$0
HUYLA JACKSONBOARD MEMBER
Trustee or director
–$0
LORI KAWULOKBOARD MEMBER
Trustee or director
–$0
PHILLIP KRIDELCHAIRMAN
Trustee or director
–$0
ROY MONTAGUEBOARD MEMBER
Trustee or director
–$0
RITA STREATERBOARD MEMBER
Trustee or director
–$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
MICHELLE HAYESPRESIDENT/CE
Key employee
40$151,835
KIM BOGGANTREASURER
Trustee or director
–$0
LOLA BUMBARGERSECRETARY
Trustee or director
–$0
JOHN GETERVICE CHAIRMA
Trustee or director
–$0
SHERRY GORDONBOARD MEMBER
Trustee or director
–$0
HUYLA JACKSONBOARD MEMBER
Trustee or director
–$0
LORI KAWULOKBOARD MEMBER
Trustee or director
–$0
PHILLIP KRIDELCHAIRMAN
Trustee or director
–$0
ROY MONTAGUEBOARD MEMBER
Trustee or director
–$0
RITA STREATERBOARD MEMBER
Trustee or director
–$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
MICHELLE HAYESPRESIDENT/CE
Key employee
40$159,575
KIM BOGGANTREASURER
Trustee or director
1$0
LOLA BUMBARGERSECRETARY
Trustee or director
1$0
RITA ELLISONBOARD MEMBER
Trustee or director
1$0
JOHN GETERVICE CHAIRMA
Trustee or director
1$0
SHERRY GORDONBOARD MEMBER
Trustee or director
1$0
HUYLA JACKSONBOARD MEMBER
Trustee or director
1$0
LORI KAWULOKBOARD MEMBER
Trustee or director
1$0
PHILLIP KRIDELCHAIRMAN
Trustee or director
1$0
ROY MONTAGUEBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
3601 MULBERRY CHURCH RD, CHARLOTTE, NC 28208-3507
In care of
% MICHELLE HAYES
Principal officer (990 for 2025)
MICHELLE HAYES, 105 HEMLOCK COVE CT, MOORESVILLE, NC 28117
Signed the 990
MICHELLE HAYES, PRESIDENT/CEO
Phone
(704) 392-3418
Return prepared by
CANTEY TILLER PIERCE & GREEN LLP

Mission

LOANS TO MEMBERS

990 for the year ended December 31, 2025

Program accomplishments

  • DURING THE YEAR, THE CREDIT UNION SERVED ITS MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS.
  • DURING THE YEAR, THE CREDIT UNION SERVED ITS MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS.

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
56-0602721
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)
$120,695,855
Income (IRS master file)
$7,812,140

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$7,812,140$7,417,240$120,695,855IRS
990December 2024$7,563,519$7,442,342$120,317,949XML
990December 2023$7,295,637$7,115,677$120,556,862XML
990December 2022$7,093,444$5,913,646$124,030,891IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 56-0602721).

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 56-0602721.
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 MICHELLE HAYES.
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; 3 received compensation from the organization, the highest $146,667 (MICHELLE HAYES, PRESIDENT/CE).
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 $7,812,140, expenses of $7,417,240 and total assets of $120,695,855 at year end.

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