Nonprofit · EIN 62-0207975
FIRST CHOICE COMMUNITY CU
Tax-exempt · KNOXVILLE, TN 37921
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,678,925 | $2,373,131 | $305,794 | $48,756,598 | $41,043,573 | $7,713,025 |
| December 31, 2024 | 990 | $2,484,685 | $1,975,888 | $508,797 | $48,717,901 | $41,310,670 | $7,407,231 |
| December 31, 2023 | 990 | $2,086,607 | $1,738,858 | $347,749 | $46,743,763 | $39,845,328 | $6,898,435 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,678,925
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $211,895
- Compensation of officers, directors and key employees
- $135,544
- Other salaries and wages
- $493,127
- Salaries, compensation and benefits (total)
- $807,743
- Professional fundraising fees
- $0
- Occupancy
- $358,568
- Program services (functional)
- $2,373,131
Balance sheet and other
- Total assets, start of year
- $48,717,901
- Total assets, end of year
- $48,756,598
- Total liabilities, end of year
- $41,043,573
- Net assets, end of year
- $7,713,025
- Land, buildings and equipment
- $1,304,361
- Gross receipts
- $2,678,925
- Employees
- 21
- Volunteers
- 5
- Year formed
- 1934
- State of legal domicile
- TN
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 |
|---|---|---|---|---|
| CARISA CHITWOOD | CEO Officer | 40 | $135,544 | $10,410 |
| JOHN RETINGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON MURRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON HAGGARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRENDA DEPOILLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIM FORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARISA CHITWOOD | CEO Officer | 40 | $99,585 | $6,640 |
| JOHN RETINGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON MURRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON HAGGARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRENDA DEPOILLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARISA CHITWOOD | CEO Officer | 40 | $103,302 | $6,898 |
| JASON HAGGARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRENDA DEPOILLY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN RETINGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON MURRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 N 17TH ST, KNOXVILLE, TN 37921-6750
- In care of
- % CARISA CHITWOOD
- Principal officer (990 for 2025)
- CARISA CHITWOOD, 100 N 17TH STREET, KNOXVILLE, TN 37921
- Signed the 990
- CARISA CHITWOOD, CEO
- Phone
- (865) 637-0112
- Website
- WWW.FIRSTCHOICECCU.ORG
- Return prepared by
- Peters and Associates
Mission
STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 3,608 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.
Program accomplishments
- STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 3,608 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED. ALL OF OUR REVENUES AND EXPENSES ARE RELATED TO THIS PURPOSE.Expenses $2,373,131 · revenue $2,678,925
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
- 62-0207975
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1182: CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE
- Assets (IRS master file)
- $48,756,598
- Income (IRS master file)
- $2,678,925
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,678,925 | $2,373,131 | $48,756,598 | IRS |
| 990 | December 2024 | $2,484,685 | $1,975,888 | $48,717,901 | IRS |
| 990 | December 2023 | $2,086,607 | $1,738,858 | $46,743,763 | XML |
| 990 | December 2022 | $2,083,179 | $1,683,245 | $49,131,715 | 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 62-0207975).
Questions about FIRST CHOICE COMMUNITY CU
- What is the EIN of FIRST CHOICE COMMUNITY CU?
- The employer identification number (EIN) of FIRST CHOICE COMMUNITY CU is 62-0207975.
- Is FIRST CHOICE COMMUNITY CU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to FIRST CHOICE COMMUNITY CU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIRST CHOICE COMMUNITY CU 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 FIRST CHOICE COMMUNITY CU 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 FIRST CHOICE COMMUNITY CU 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 FIRST CHOICE COMMUNITY CU?
- The 990 for the year ended December 31, 2025 names CARISA CHITWOOD.
- Who are the officers and directors of FIRST CHOICE COMMUNITY CU?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $135,544 (CARISA CHITWOOD, CEO).
- How much revenue does FIRST CHOICE COMMUNITY CU have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,678,925, expenses of $2,373,131 and total assets of $48,756,598 at year end.
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