Nonprofit · EIN 56-6064830
STATE CHARTERED CREDIT UNION IN NORTH CAROLINA
Also known as MT VERNON BAPTIST CHURCH CREDIT UNI
Tax-exempt · DURHAM, NC 27707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $8,012 | $5,126 | $2,886 | $144,327 | $92,211 | $52,116 |
| December 31, 2024 | 990-EZ | $4,545 | $4,429 | $116 | $138,061 | $88,831 | $49,230 |
| December 31, 2023 | 990-EZ | $887 | $5,687 | -$4,800 | $139,986 | $90,872 | $49,114 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Investment income
- $5,220
- Other revenue
- $2,792
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $5,126
- Program services (functional)
- $200
Balance sheet and other
- Total assets, start of year
- $138,061
- Total assets, end of year
- $144,327
- Total liabilities, end of year
- $92,211
- Net assets, end of year
- $52,116
- Cash, savings and investments
- $140,409
- Gross receipts
- $8,012
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Brown | Loan Mgr | 15 | $0 |
| Rosalyn Cole | Director | 6 | $0 |
| Dennis McCaskill Jr | Board Chair | 10 | $0 |
| Jennifer Hill | Asst Mgr/Treasurer | 20 | $0 |
| Brian S McGhee | Director | 8 | $0 |
| Ronald Rogers | Director | 8 | $0 |
| Kevin Robinson | Director | 8 | $0 |
| Paula Stewart | Manager/Treasurer | 30 | $0 |
| Michael Thompson | Loan Mgr. | 15 | $0 |
| Pamela Vereen | DIrector | 8 | $0 |
| Debna Porter Walters | Compliance | 8 | $0 |
| Geraldine Young | Secretary/Compliance | 8 | $0 |
| Deborah Wilson | Asst secretary | 8 | $0 |
990-EZ for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paula Stewart | Manager/Treasurer | 20 | $0 |
| Ronald Rogers | President | 4 | $0 |
| Dennis McCaskill Jr | Vice-President | 6 | $0 |
| Jennifer Hill | Asst Manager/Treasurer | 10 | $0 |
| Geraldine Young | Secretary/BSA Officer I | 8 | $0 |
| Pamela Vereen | BSA Officer II | 8 | $0 |
| Kevin Robinson | Director-IT Support | 4 | $0 |
| Charles Brown | Director-Loan Officer | 4 | $0 |
| Deborah Wilsom | Director-Asst Secretary | 4 | $0 |
| Rosalyn Cole | Director-Supervisory Member | 4 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ronald Rogers | President | 4 | $0 |
| Paula Stewart | ManagerTreasurer | 20 | $0 |
| Jennifer Hill | Assistant ManagerTreasurer | 10 | $0 |
| Geraldine Young | BSA officer | 8 | $0 |
| Pamela Vereen | Assistant BSA officer | 8 | $0 |
| Dennis McCaskill | Vice-President | 6 | $0 |
| Charles Brown | Director Loan Officer | 4 | $0 |
| Kevin Robinson | Director IT support | 4 | $0 |
| Deborah Wilson | Director Loan Officer | 4 | $0 |
| Rosalyn Cole | Director Supervisory Chair | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1007 S ROXBORO ST, DURHAM, NC 27707-1833
- In care of
- % PAMALA STEWART
- Mailing address (990-N for 2023)
- 1007 S ROXBORO ST, DURHAM NC 277071833
- Principal officer (990-N for 2023)
- Paula Stewart, 1514 Meadston Dr, Durham NC 27712
- Signed the 990-EZ
- Paula Stewart, Manager/Treasurer
- Phone
- (919) 688-1823
Mission
State chartered, Church based Credit Union
Program accomplishments
- Mount Vernon Baptist Church Scholarship Gold TournamentExpenses $200 · grants $200
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 56-6064830
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Group exemption
- 2032: STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
- Assets (IRS master file)
- $144,327
- Income (IRS master file)
- $8,012
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $8,012 | $5,126 | $144,327 | IRS |
| 990-EZ | December 2024 | $4,545 | $4,429 | $138,061 | IRS |
| 990-N for 2023 Officer: Paula Stewart | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $887 | $5,687 | $139,986 | XML |
| 990 | December 2022 | $2,113 | $3,099 | $142,980 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2008 Officer: Gwendella G Clemons | December 31, 2008 | ≤ $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 56-6064830).
Questions about STATE CHARTERED CREDIT UNION IN NORTH CAROLINA
- What is the EIN of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA?
- The employer identification number (EIN) of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA is 56-6064830.
- Is STATE CHARTERED CREDIT UNION 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 UNION IN NORTH CAROLINA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STATE CHARTERED CREDIT UNION IN NORTH CAROLINA file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of STATE CHARTERED CREDIT UNION 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 UNION IN NORTH CAROLINA last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA?
- The 990-N for 2023 names Paula Stewart.
- Who are the officers and directors of STATE CHARTERED CREDIT UNION IN NORTH CAROLINA?
- The 990-EZ for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does STATE CHARTERED CREDIT UNION IN NORTH CAROLINA have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $8,012, expenses of $5,126 and total assets of $144,327 at year end.
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