Nonprofit · EIN 56-0679188
GREENSBORO CREDIT UNION
Also known as GREENSBORO POSTAL CREDIT UNION, National Association of Letter Carriers Branch 2560
Tax-exempt · GREENSBORO, NC 27495
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $807,701 | $780,539 | $27,162 | $16,363,644 | $11,001,586 | $5,362,058 |
| December 31, 2024 | 990 | $816,249 | $830,713 | -$14,464 | $17,198,291 | $11,863,395 | $5,334,896 |
| December 31, 2023 | 990 | $746,032 | $695,553 | $50,479 | $17,947,292 | $12,597,932 | $5,349,360 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $510,682
- Investment income
- $297,019
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,269
- Other salaries and wages
- $195,723
- Salaries, compensation and benefits (total)
- $384,353
- Professional fundraising fees
- $0
- Legal fees
- $1,247
- Accounting fees
- $10,440
- Travel
- $2,263
- Depreciation
- $11,494
- Program services (functional)
- $780,539
Balance sheet and other
- Total assets, start of year
- $17,198,291
- Total assets, end of year
- $16,363,644
- Total liabilities, end of year
- $11,001,586
- Net assets, end of year
- $5,362,058
- Land, buildings and equipment
- $37,208
- Gross unrelated business income
- $800
- Gross receipts
- $807,701
- Employees
- 14
- Volunteers
- 6
- Year formed
- 1928
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMALA DOUGLAS | CEO and BOARD TREASURER Trustee or director, Officer | 40 | $88,269 |
| LARRY SHULER | BOARD CHAIRPERSON and BOARD MEMBER Trustee or director | 2 | $0 |
| SHERRY THOMPSON | BOARD VICE CHAIRPERSON Trustee or director | 2 | $0 |
| SANDRA LYNCH | BOARD SECRETARY Trustee or director | 2 | $0 |
| JESSICA BENNETT | BOARD MEMBER AND SUPV COMM Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMALA DOUGLAS | CEO and BOARD TREASURER Officer | 40 | $71,103 |
| LARRY SHULER | BOARD CHAIRPERSON and BOARD MEMBER Trustee or director | 2 | $0 |
| SHERRY THOMPSON | BOARD VICE CHAIRPERSON Trustee or director | 2 | $0 |
| SANDRA LYNCH | BOARD SECRETARY Trustee or director | 2 | $0 |
| CANDICE YOUNG | BOARD MEMBER AND SUPV COMM Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMALA DOUGLAS | CEO Officer | 40 | $61,800 |
| WANDA STRACHAN | BOARD CHAIRPERSON BOARD MEMBER SUPERVISORY COMMITTEE MEMBER Trustee or director | 2 | $0 |
| JAMES MCALLISTER | BOARD TREASURER BOARD MEMBER Trustee or director | 2 | $0 |
| LARRY SHULER | BOARD VICE CHAIRPERSON BOARD MEMBER Trustee or director | 2 | $0 |
| CAROLYN WOODS | SUPERVISORY COMMITTEE CHAIRPERSON Trustee or director | 2 | $0 |
| SANDRA LYNCH | BOARD MEMBER Trustee or director | 2 | $0 |
| MELINDA PENNIX | BOARD MEMBER Trustee or director | 2 | $0 |
| SHERRY THOMPSON | BOARDMEMBER Trustee or director | 2 | $0 |
| REATHA WARD | BOARD SECRETARY BOARD MEMBER Trustee or director | 2 | $0 |
| TANYA ELLISON | SUPERVISORY COMMITTEE MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3701 W WENDOVER AVE, GREENSBORO, NC 27495-0001
- In care of
- % PAMALA DOUGLAS
- Mailing address (990-N for 2010)
- PO Box 902, Asheboro NC 27204
- Principal officer (990 for 2025)
- PAMALA DOUGLAS, 3701 W WENDOVER AVE, GREENSBORO, NC 27495
- Principal officer (990-N for 2010)
- Diane Rush Allred, 429 Ridge Street, Asheboro NC 27205
- Signed the 990
- PAMALA DOUGLAS, CEO
- Phone
- (336) 855-0662
- Return prepared by
- Ewart & Associates LLC
Mission
PROVIDING CREDIT UNION SERVICES TO MEMBERS
Program accomplishments
- PROVIDING CREDIT UNION SERVICES TO MEMBERS INCLUDING LOW COST LOANS AND SAVINGS PRODUCTS.Expenses $7,805,390 · revenue $8,077,010
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0679188
- 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
- Group exemption
- 2032: STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
- Assets (IRS master file)
- $16,363,644
- Income (IRS master file)
- $807,701
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $807,701 | $780,539 | $16,363,644 | XML |
| 990 | December 2024 | $816,249 | $830,713 | $17,198,291 | IRS |
| 990 | December 2023 | $746,032 | $695,553 | $17,947,292 | XML |
| 990 | December 2022 | $713,301 | $604,263 | $20,924,871 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Diane Rush Allred | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 56-0679188).
Questions about GREENSBORO CREDIT UNION
- What is the EIN of GREENSBORO CREDIT UNION?
- The employer identification number (EIN) of GREENSBORO CREDIT UNION is 56-0679188.
- Is GREENSBORO CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to GREENSBORO CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREENSBORO CREDIT UNION 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 GREENSBORO CREDIT UNION 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 GREENSBORO CREDIT UNION 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 GREENSBORO CREDIT UNION?
- The 990 for the year ended December 31, 2025 names PAMALA DOUGLAS.
- Who are the officers and directors of GREENSBORO CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $88,269 (PAMALA DOUGLAS, CEO and BOARD TREASURER).
- How much revenue does GREENSBORO CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $807,701, expenses of $780,539 and total assets of $16,363,644 at year end.
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