Nonprofit · EIN 56-6043259
STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
Also known as MEMBERS CREDIT UNION
Tax-exempt · WINSTONSALEM, NC 27103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $28,312,183 | $23,760,721 | $4,551,462 | $460,375,705 | $392,627,567 | $67,748,138 |
| December 31, 2024 | 990 | $27,410,451 | $22,657,073 | $4,753,378 | $438,433,803 | $376,083,056 | $62,350,747 |
| December 31, 2023 | 990 | $26,897,077 | $20,074,354 | $6,822,723 | $435,247,947 | $377,962,209 | $57,285,738 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $21,498,725
- Investment income
- $6,772,058
- Other revenue
- $41,400
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $293,895
- Compensation of officers, directors and key employees
- $799,606
- Other salaries and wages
- $5,913,349
- Salaries, compensation and benefits (total)
- $8,740,169
- Professional fundraising fees
- $0
- Legal fees
- $7,998
- Accounting fees
- $45,540
- Occupancy
- $1,177,644
- Travel
- $129,467
- Depreciation
- $192,212
Balance sheet and other
- Total assets, start of year
- $438,433,803
- Total assets, end of year
- $460,375,705
- Total liabilities, end of year
- $392,627,567
- Net assets, end of year
- $67,748,138
- Land, buildings and equipment
- $10,553,273
- Gross receipts
- $28,312,183
- Employees
- 139
- Volunteers
- 11
- Year formed
- 1953
- 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 |
|---|---|---|---|
| Robert C Donley | President/CEO Trustee or director, Officer | 40 | $602,305 |
| Tim Mullen | SVP of Lending and Operations Highest-paid employee | 40 | $203,904 |
| Cindy J Stiff | CFO & Treasurer Trustee or director, Officer | 40 | $197,301 |
| Jennifer Siglain | SVP of Member Experience & Compliance Highest-paid employee | 40 | $179,865 |
| Matthew Baldwin | Director of Information Technology Highest-paid employee | 40 | $130,301 |
| Bridget Berry | Director of Lending Highest-paid employee, Former | 40 | $125,600 |
| Orlano Cruz | IT Sysytems Administrator Highest-paid employee | 40 | $101,074 |
| karen Keller | Director Trustee or director | 0 | $0 |
| Delphine Dennis | Director Trustee or director | 0 | $0 |
| Jack V Braswell Jr | Director Trustee or director | 0 | $0 |
| Richard L Trotter | Vice Chairman Trustee or director | 0 | $0 |
| Durham C White Jr | Director Trustee or director | 0 | $0 |
| Jeff Seaford | Director Trustee or director | 0 | $0 |
| Thomas Rhoney | Director Trustee or director | 0 | $0 |
| Keith Williams | Director Trustee or director | 0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jerry P Church | Board Chairman Institutional trustee | 0 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert C Donley | President/CEO Trustee or director, Officer, Highest-paid employee | 40 | $567,593 |
| Tim Mullen | SVP of Lending and Operations Highest-paid employee | 40 | $191,804 |
| Cindy J Stiff | CFO & Treasurer Trustee or director, Officer | 40 | $183,221 |
| Jennifer Siglain | SVP of Member Experience & Compliance Highest-paid employee | 40 | $172,230 |
| Matthew Baldwin | Director of Information Technology Highest-paid employee | 40 | $124,127 |
| Bridget Berry | Director of Lending Highest-paid employee | 40 | $123,992 |
| Melanie H Huffman | Executive Secretary Officer | 32 | $88,649 |
| karen Keller | Director Trustee or director | 0 | $0 |
| Delphine Dennis | Director Trustee or director | 0 | $0 |
| Jack V Braswell Jr | Director Trustee or director | 0 | $0 |
| Jerry P Church | Director Trustee or director | 0 | $0 |
| William A Tittsworth | Board Chairman Trustee or director | 0 | $0 |
| Richard L Trotter | Vice Chairman Trustee or director | 0 | $0 |
| Durham C White Jr | Director Trustee or director | 0 | $0 |
| Jeff Seaford | Director Trustee or director | 0 | $0 |
| Thomas Rhoney | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert C Donley | President/CEO Trustee or director, Officer | 40 | $533,952 |
| Tim Mullen | SVP of Lending and Operations Highest-paid employee | 40 | $178,481 |
| Cindy J Stiff | CFO & Treasurer Trustee or director, Officer | 40 | $170,107 |
| Jennifer Siglain | SVP of Member Experience & Compliance Highest-paid employee | 40 | $158,833 |
| Matthew Baldwin | Director of Information Technology Highest-paid employee | 40 | $117,944 |
| Bridget Berry | Director of Lending Highest-paid employee | 40 | $116,142 |
| Melanie H Huffman | Executive Secretary Officer | 32 | $76,300 |
| karen Keller | Director Trustee or director | 0 | $0 |
| Delphine Dennis | Director Trustee or director | 0 | $0 |
| Jack V Braswell Jr | Director Trustee or director | 0 | $0 |
| Jerry P Church | Director Trustee or director | 0 | $0 |
| William A Tittsworth | Board Chairman Trustee or director | 0 | $0 |
| Richard L Trotter | Vice Chairman Trustee or director | 0 | $0 |
| Durham C White Jr | Director Trustee or director | 0 | $0 |
| Jeff Seaford | Director Trustee or director | 0 | $0 |
| Thomas Rhoney | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2098 FRONTIS PLAZA BOULEVARD, WINSTONSALEM, NC 27103-5779
- In care of
- % ROBERT DONLEY
- Principal officer (990 for 2025)
- Robert C Donley, 2098 Frontis Plaza Blvd, Winston Salem, NC 27103
- Signed the 990
- Robert C Donley, President/CEO
- Phone
- (336) 748-4800
- Website
- www.memcu.com
Mission
To offer reasonable products and services to our members.
Program accomplishments
- Credit Union programs. Loans to members. Total number of loans equal 24,262. Services to all members. Total number of members equal 47,463. Checking accounts, savings accounts, consumer loans, mortgage loans through Highland Residential Mortgage. Members financial planning. Remote account access. Family Security Plan. Ability to perform transactions through the Co-Op Shared Branching network.
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
- 56-6043259
- 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)
- $460,375,705
- Income (IRS master file)
- $28,312,183
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $28,312,183 | $23,760,721 | $460,375,705 | XML |
| 990 | December 2024 | $27,410,451 | $22,657,073 | $438,433,803 | XML |
| 990 | December 2023 | $26,897,077 | $20,074,354 | $435,247,947 | XML |
| 990 | December 2022 | $22,460,729 | $16,270,011 | $463,047,549 | 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 56-6043259).
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 56-6043259.
- 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 Robert C Donley.
- Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA?
- The 990 for the year ended December 31, 2025 lists 16 people; 7 received compensation from the organization, the highest $602,305 (Robert C Donley, President/CEO).
- 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 $28,312,183, expenses of $23,760,721 and total assets of $460,375,705 at year end.
Other nonprofits in WINSTONSALEM
- NORTH CAROLINA BAPTIST HOSPITAL EIN 56-0552787 · last filed 990 for 2024
- WAKE FOREST UNIVERSITY HEALTH SCIENCES EIN 22-3849199 · last filed 990 for 2024
- WAKE FOREST UNIVERSITY EIN 56-0532138 · last filed 990 for 2025
- WAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER EIN 51-0190238 · last filed 990 for 2024
- WAKE FOREST EMERGENCY PROVIDERS EIN 56-1903275 · last filed 990 for 2024
- WAKE FOREST UNIVERSITY HEALTH SCIENCES GROUP RETURN EIN 90-0222618 · last filed 990 for 2024
- RESOURCE INSTITUTE INC EIN 56-2251040 · last filed 990 for 2025
- REGENMED DEVELOPMENT ORGANIZATION EIN 20-2710571 · last filed 990 for 2024