Nonprofit · EIN 56-1515386
CS CREDIT UNION
Also known as LATINO COMMU
Tax-exempt · CATAWBA, NC 28609
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,541,044 | $1,336,406 | $204,638 | $29,721,339 | $24,657,928 | $5,063,411 |
| December 31, 2024 | 990 | $1,578,750 | $1,409,701 | $169,049 | $30,851,240 | $26,325,823 | $4,525,417 |
| December 31, 2023 | 990 | $1,536,525 | $1,218,178 | $318,347 | $30,169,869 | $25,974,328 | $4,195,541 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,124,747
- Investment income
- $394,130
- Other revenue
- $22,167
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $139,834
- Other salaries and wages
- $398,198
- Salaries, compensation and benefits (total)
- $655,231
- Professional fundraising fees
- $0
- Legal fees
- $3,000
- Accounting fees
- $29,100
- Travel
- $2,932
- Depreciation
- $20,498
Balance sheet and other
- Total assets, start of year
- $30,851,240
- Total assets, end of year
- $29,721,339
- Total liabilities, end of year
- $24,657,928
- Net assets, end of year
- $5,063,411
- Land, buildings and equipment
- $56,994
- Gross receipts
- $1,541,044
- Employees
- 8
- Volunteers
- 12
- Year formed
- 1986
- 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 | Other / benefits |
|---|---|---|---|---|
| MARC JACOBSON | MANAGING OFFICER Officer | 40 | $131,222 | $8,612 |
| BOB FERBER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEITH BULLARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SMITTY DRUM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROSE SIPE | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JEAN GAY | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| DALE SHERRILL | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARC JACOBSON | MANAGING OFFICER Officer | 40 | $124,954 | $8,346 |
| ALEXANDER MEYER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT FERBER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM DRUM JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL DALE JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROSE SIPE | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JEAN GAY | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| DALE SHERRILL | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| STEVE VADEN | MANAGER/CEO Officer | 40 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARC JACOBSON | MANAGING OFFICER Officer | 40 | $92,534 | $5,774 |
| STEVE VADEN | MANAGER/CEO Officer | 40 | $41,387 | $3,166 |
| ALEXANDER MEYER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT FERBER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM DRUM JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL DALE JR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROSE SIPE | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JEAN GAY | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| DALE SHERRILL | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 199, CATAWBA, NC 28609-0199
- In care of
- % MARCH JACOBSON
- Principal officer (990 for 2025)
- DALE SHERRILL, 6519 COMM SCOPE ROAD, CATAWBA, NC 28609
- Signed the 990
- DALE SHERRILL, CHAIRPERSON
- Phone
- (828) 241-6196
- Website
- CSNCCREDITUNION.ORG
- Return prepared by
- RM ADVISORY LLC
Mission
TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS WITH SAVINGS AND CHECKING DEPOSIT ACCOUNTS, LOANS TO MEMBERS AND ELECTRONIC SERVICES TO MEMBERS TO FACILITATE FINANCIAL SERVICES.
Program accomplishments
- 2,832 MEMBERS PROVIDED WITH FINANCIAL ACCOUNTS TOTALING $24,525,485 IN DEPOSITS. 1,949 MEMBER LOANS TOTALING $16,727,011 IN OUTSTANDING LOANS.PROVIDED ELECTRONIC SERVICES TO THESE MEMBERS.
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
- 56-1515386
- 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)
- $29,721,339
- Income (IRS master file)
- $1,541,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,541,044 | $1,336,406 | $29,721,339 | IRS |
| 990 | December 2024 | $1,578,750 | $1,409,701 | $30,851,240 | XML |
| 990 | December 2023 | $1,536,525 | $1,218,178 | $30,169,869 | XML |
| 990 | December 2022 | $1,302,991 | $1,125,919 | $32,744,587 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 56-1515386).
Questions about CS CREDIT UNION
- What is the EIN of CS CREDIT UNION?
- The employer identification number (EIN) of CS CREDIT UNION is 56-1515386.
- Is CS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to CS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CS 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 CS 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 CS 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 CS CREDIT UNION?
- The 990 for the year ended December 31, 2025 names DALE SHERRILL.
- Who are the officers and directors of CS CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $131,222 (MARC JACOBSON, MANAGING OFFICER).
- How much revenue does CS CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,541,044, expenses of $1,336,406 and total assets of $29,721,339 at year end.
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