Nonprofit · EIN 62-0365265
SOUTHERN CREDIT UNION
Tax-exempt · CHATTANOOGA, TN 37404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $882,616 | $984,289 | -$101,673 | $18,681,983 | $16,486,029 | $2,195,954 |
| December 31, 2024 | 990 | $908,776 | $1,006,402 | -$97,626 | $20,695,982 | $18,398,354 | $2,297,628 |
| December 31, 2023 | 990 | $452,172 | $902,710 | -$450,538 | $20,960,922 | $18,565,668 | $2,395,254 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $605,211
- Investment income
- $263,703
- Other revenue
- $13,702
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $242,009
- Salaries, compensation and benefits (total)
- $345,882
- Professional fundraising fees
- $0
- Occupancy
- $43,589
- Management and general (functional)
- $984,289
Balance sheet and other
- Total assets, start of year
- $20,695,982
- Total assets, end of year
- $18,681,983
- Total liabilities, end of year
- $16,486,029
- Net assets, end of year
- $2,195,954
- Land, buildings and equipment
- $89,904
- Gross receipts
- $882,616
- Employees
- 7
- Volunteers
- 10
- Year formed
- 1932
- 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 |
|---|---|---|---|---|
| CINDY D BEALE | CEO Officer | 40 | $77,669 | $23,890 |
| DANNY E HOLMES | BOD VICE-PRE Trustee or director | 1 | $0 | $0 |
| CLIFFORD L LOWRANCE | BOD/SC MEM Trustee or director, Officer | 1 | $0 | $0 |
| SANDY WALLIS | BOD CO-CH/SC Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN L EVANS | BOARD CO-CHA Trustee or director | 1 | $0 | $0 |
| JOANIE MURPHEY-COPE | BOD/SEC/TREA Trustee or director, Officer | 1 | $0 | $0 |
| GREG M O'NEAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM HUFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BORN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROB BEASLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THEODORE JACKSON | SUPERVISORY Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CINDY D BEALE | CEO Officer | 40 | $73,130 | $20,437 |
| DANNY E HOLMES | BOD VICE-PRE Trustee or director | 1 | $0 | $0 |
| CLIFFORD L LOWRANCE | BOD/SC MEM Trustee or director, Officer | 1 | $0 | $0 |
| SANDY WALLIS | BOD CO-CH/SC Trustee or director, Officer | 1 | $0 | $0 |
| DONNA CUNNINGHAM | BOARD SEC/TR Trustee or director | 1 | $0 | $0 |
| STEPHEN L EVANS | BOARD CO-CHA Trustee or director | 1 | $0 | $0 |
| JOANIE MURPHEY-COPE | BOD/SC MEM Trustee or director, Officer | 1 | $0 | $0 |
| GREG M O'NEAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM HUFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BORN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROB BEASLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THEODORE JACKSON | SUPERVISORY Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CINDY D BEALE | CEO Officer | 40 | $70,744 | $5,045 |
| DANNY E HOLMES | BOD VICE-PRE Trustee or director | 1 | $0 | $0 |
| CLIFFORD L LOWRANCE | BOD/SC MEM Trustee or director | 1 | $0 | $0 |
| SANDY WALLIS | BOD CO-CH/SC Trustee or director | 1 | $0 | $0 |
| DONNA CUNNINGHAM | BOARD SEC/TR Trustee or director | 1 | $0 | $0 |
| STEPHEN L EVANS | BOARD CO-CHA Trustee or director | 1 | $0 | $0 |
| JOANIE MURPHEY-COPE | BOD/SC MEM Trustee or director | 1 | $0 | $0 |
| GREG M O'NEAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SAM HUFF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BORN | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| THEODORE JACKSON | SUPERVISORY Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 508 NATIONAL AVE, CHATTANOOGA, TN 37404-2830
- In care of
- % CINDY BEALE
- Principal officer (990 for 2025)
- CINDY D BEALE, P O BOX 3490, CHATTANOOGA, TN 374040490
- Signed the 990
- CINDY D BEALE, CEO
- Phone
- (423) 629-2578
- Website
- WWW.SOUTHERNCU.COM
- Return prepared by
- CREDIT UNION AUDIT GROUP
Mission
CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 1,642 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
Program accomplishments
- THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERES.Expenses $733,232
- THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.Expenses $251,057
- CUNA PROGRAM GRANT MADE IN 2017 FOR 2,500.
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
- 62-0365265
- 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)
- $18,681,983
- Income (IRS master file)
- $882,616
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $882,616 | $984,289 | $18,681,983 | XML |
| 990 | December 2024 | $908,776 | $1,006,402 | $20,695,982 | XML |
| 990 | December 2023 | $452,172 | $902,710 | $20,960,922 | XML |
| 990 | December 2022 | $762,172 | $809,766 | $22,566,623 | 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 62-0365265).
Questions about SOUTHERN CREDIT UNION
- What is the EIN of SOUTHERN CREDIT UNION?
- The employer identification number (EIN) of SOUTHERN CREDIT UNION is 62-0365265.
- Is SOUTHERN CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to SOUTHERN CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN 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 SOUTHERN 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 SOUTHERN 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 SOUTHERN CREDIT UNION?
- The 990 for the year ended December 31, 2025 names CINDY D BEALE.
- Who are the officers and directors of SOUTHERN CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $77,669 (CINDY D BEALE, CEO).
- How much revenue does SOUTHERN CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $882,616, expenses of $984,289 and total assets of $18,681,983 at year end.
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