Nonprofit · EIN 62-0526770
THE TENNESSEE CREDIT UNION
Tax-exempt · NASHVILLE, TN 37203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $21,382,047 | $20,152,069 | $1,229,978 | $399,446,172 | $367,016,057 | $32,430,115 |
| December 31, 2024 | 990 | $22,886,724 | $21,851,509 | $1,035,215 | $403,502,042 | $372,740,381 | $30,761,661 |
| December 31, 2023 | 990 | $19,477,558 | $19,244,298 | $233,260 | $430,778,750 | $401,746,997 | $29,031,753 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,723,207
- Investment income
- $5,658,840
- Net gain from sales of assets
- $1,000,014
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $54,764
- Compensation of officers, directors and key employees
- $1,109,017
- Other salaries and wages
- $4,393,395
- Salaries, compensation and benefits (total)
- $7,233,869
- Professional fundraising fees
- $0
- Legal fees
- $62,302
- Occupancy
- $1,026,379
- Travel
- $115,807
- Depreciation
- $878,419
Balance sheet and other
- Total assets, start of year
- $403,502,042
- Total assets, end of year
- $399,446,172
- Total liabilities, end of year
- $367,016,057
- Net assets, end of year
- $32,430,115
- Land, buildings and equipment
- $9,152,062
- Publicly traded securities
- $110,804,129
- Gross unrelated business income
- $108,158
- Gross receipts
- $22,090,608
- Employees
- 114
- Volunteers
- 10
- Year formed
- 1950
- 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 |
|---|---|---|---|---|
| RAFAEL RONDON | CEO Officer | 45 | $361,567 | $47,096 |
| ANDRES LLANOS | CFO Officer | 45 | $267,952 | $38,586 |
| MICHAEL ROUSSEL | CTMO Key employee | 45 | $184,381 | $21,042 |
| KUSSILLA KHEMRAJ | CCO Highest-paid employee | 45 | $190,637 | $7,557 |
| MARIA EDWARDS | COO Highest-paid employee | 45 | $163,367 | $26,609 |
| THOMAS G'FELLERS | CLO Key employee | 45 | $163,743 | $24,650 |
| MICHELLE FRATTOLIN | CHIEF PEOPLE OFFICER Highest-paid employee | 45 | $152,350 | $17,113 |
| JOSEPH KNOWLES | VP INFORMATION TECHNOLOGY Highest-paid employee | 45 | $152,540 | $7,381 |
| JONATHAN CHILSON | VP FINANCE Highest-paid employee | 45 | $131,477 | $17,347 |
| CHRIS HENSON | CHAIRMAN Trustee or director | 3 | $0 | $0 |
| CHRISTINA ADKISON | VICE CHAIRMAN Trustee or director | 3 | $0 | $0 |
| DOROTHY GUNN | SECRETARY Trustee or director | 3 | $0 | $0 |
| ROBERT NELSON | TREASURER Trustee or director | 3 | $0 | $0 |
| SCOTT MELTZER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ROBERT CHURCHWELL | DIRECTOR Trustee or director | 3 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEAL SMITH | DIRECTOR Trustee or director | 3 | $0 |
| ALICIA FRIERSON | AUDIT COMMITTEE Trustee or director | 2 | $0 |
| ADAM SALVADOR | AUDIT COMMITTEE Trustee or director | 2 | $0 |
| GLEN FRANKLIN | AUDIT COMMITTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAFAEL RONDON | CEO Officer | 45 | $367,992 | $45,468 |
| ANDRES LLANOS | CFO Officer | 45 | $273,729 | $37,394 |
| MICHAEL ROUSSEL | CTMO Highest-paid employee | 45 | $177,500 | $20,266 |
| THOMAS G'FELLERS | CLO Highest-paid employee | 45 | $150,660 | $34,389 |
| MARIA EDWARDS | COO Highest-paid employee | 45 | $156,058 | $24,118 |
| FLAVIS BURROUGHS | VP REAL ESTATE LENDING Highest-paid employee | 45 | $162,336 | $10,548 |
| KUSSILLA KHEMRAJ | CCO Highest-paid employee | 45 | $156,193 | $4,732 |
| CHRIS HENSON | CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| CHRISTINA ADKISON | VICE CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| DOROTHY GUNN | SECRETARY Trustee or director | 3 | $0 | $0 |
| ROBERT NELSON | TREASURER Trustee or director | 3 | $0 | $0 |
| SCOTT MELTZER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ROBERT CHURCHWELL | DIRECTOR Trustee or director | 3 | $0 | $0 |
| NEAL SMITH | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ALICIA FRIERSON | SUPERVISORY COMMITTEE Trustee or director | 2 | $0 | $0 |
| ADAM SALVADOR | SUPERVISORY COMMITTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAFAEL RONDON | CEO Officer | 45 | $322,817 | $25,790 |
| ANDRES LLANOS | CFO Officer | 45 | $250,261 | $23,679 |
| FLAVIS BURROUGHS | VP REAL ESTATE Highest-paid employee | 45 | $214,614 | $17,288 |
| MICHAEL ROUSSELL | CTMO Highest-paid employee | 45 | $169,128 | $10,669 |
| MARIA EDWARDS | COO Highest-paid employee | 45 | $145,770 | $18,068 |
| THOMAS G'FELLERS | CLO Highest-paid employee | 45 | $141,669 | $21,799 |
| JOSEPH KNOWLES | VP IT Highest-paid employee | 45 | $152,355 | $1,510 |
| GERALD MARTIN | CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| CHRIS HENSON | VICE CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| ROBERT NELSON | TREASURER Trustee or director | 3 | $0 | $0 |
| ROBERT CHURCHWELL | SECRETARY Trustee or director | 3 | $0 | $0 |
| ALICIA FRIERSON | SUPERVISORY COMMITTEE Trustee or director | 2 | $0 | $0 |
| JAMES REDWINE | SUPERVISORY COMMITTEE Trustee or director | 2 | $0 | $0 |
| LEAH LOVE | SUPERVISORY COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 |
| KATHY WOODS-DOBINS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHRISTINA ADKISON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DOROTHY GUNN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DREX NEUMANN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ADAM SALVADOR | SUPERVISORY COMMITTEE Trustee or director | 2 | $0 | $0 |
| CARYN SHELTON | SUPERVISORY COMMITTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 8TH AVE S, NASHVILLE, TN 37203-5007
- In care of
- % MIKE MARTIN
- Principal officer (990 for 2025)
- RAFAEL RONDON, 1400 8TH AVE SOUTH, NASHVILLE, TN 37203
- Signed the 990
- RAFAEL RONDON, CEO
- Phone
- (615) 244-1910
- Website
- WWW.TENCU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
YOUR TRUSTED FINANCIAL PARTNER FOR LIFE. WE ARE COMMITTED TO HONORING TRADITIONAL CREDIT UNION VALUES WHILE UTILIZING INNOVATION TO PROVIDE AN EXCEPTIONAL MEMBER EXPERIENCE.
Program accomplishments
- TEN CREDIT UNION (TENCU) HAS 7 LOCATIONS COVERING A WIDE GEOGRAPHIC AREA OF MIDDLE AND EAST TENNESSEE. TTCU OFFERS A WIDE RANGE OF CONSUMER CREDIT AND DEPOSIT PRODUCTS & SERVICES. THESE INCLUDE CREDIT CARDS, SECURED AND UNSECURED TERM AND REVOLVING LOANS, RESIDENTIAL CONSTRUCTION AND PERMANENT MORTGAGE LENDING. TEN CREDIT UNION RETAINS MOST MORTGAGE LOANS BUT OCCASIONALLY SELLS MORTGAGES TO ROCKET MORTGAGE AND OTHER 3RD PARTY AFFILIATES. TEN CREDIT UNION ENTERED INTO A COMMITMENT WITH METRO AND RETAINS SERVICING. TEN CREDIT UNION PROVIDES VALUE SERVICES INCLUDING "SUMMER PAY" PROGRAMS, AND SEASONAL SAVINGS ACCOUNTS SUCH AS CHRISTMAS AND VACATION CLUB SAVINGS TO AID OUR MEMBERS IN MANAGING THEIR BUDGETS AND ACHIEVING THEIR FINANCIAL THRIFT OBJECTIVES. KEY DATA AS OF DECEMBER 31, 2025 INCLUDE 7 LOCATIONS, 79 EMPLOYEES, 18,702 MEMBERS, 12,662 LOAN ACCOUNTS AND 33,154 DEPOSIT ACCOUNTS.
- TEN CREDIT UNION ENTERED INTO A COMMITMENT WITH METRO NASHVILLE BOARD OF EDUCATION TO ESTABLISH, PROVIDE EQUIPMENT, FURNISHINGS, EDUCATIONAL TRAINING, AND OPERATIONAL SUPPORT FOR THE ANTIOCH HIGH SCHOOL'S "TEN CREDIT UNION ACADEMY OF BUSINESS AND FINANCE." ADDITIONALLY, TEN CREDIT UNION PROVIDES PAID SUMMER INTERNSHIPS TO WORTHY STUDENTS, TRAINING THEM IN OPERATING A LIMITED-SERVICE CREDIT UNION AT THE SCHOOL. TEN CREDIT UNION IS THE SOLE FINANCIAL SPONSOR FOR THE STUDENTS, TRAINING THEM IN OPERATING A LIMITED-SERVICE CREDIT UNION AT THE SCHOOL. DURING 2025, THE CREDIT UNION PROVIDED $31,904 IN RESOURCES SUCH AS INTERNSHIPS, TRAINING, AND EQUIPMENT FOR THE PROGRAM.
- TEN CREDIT UNION DONATED APPROXIMATELY $22,860 TO 20 DIFFERENT ORGANIZATIONS THROUGHOUT THE COMMUNITY DURING 2025.
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
- 62-0526770
- 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
- Category (NTEE)
- Public and societal benefit (W61Z)
- Group exemption
- 1182: CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE
- Assets (IRS master file)
- $399,446,172
- Income (IRS master file)
- $22,090,608
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $21,382,047 | $20,152,069 | $399,446,172 | XML |
| 990 | December 2024 | $22,886,724 | $21,851,509 | $403,502,042 | IRS |
| 990 | December 2023 | $19,477,558 | $19,244,298 | $430,778,750 | XML |
| 990 | December 2022 | $14,793,248 | $15,212,498 | $407,626,939 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 62-0526770).
Questions about THE TENNESSEE CREDIT UNION
- What is the EIN of THE TENNESSEE CREDIT UNION?
- The employer identification number (EIN) of THE TENNESSEE CREDIT UNION is 62-0526770.
- Is THE TENNESSEE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to THE TENNESSEE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE TENNESSEE 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 THE TENNESSEE 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 THE TENNESSEE 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 THE TENNESSEE CREDIT UNION?
- The 990 for the year ended December 31, 2025 names RAFAEL RONDON.
- Who are the officers and directors of THE TENNESSEE CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 19 people; 9 received compensation from the organization, the highest $361,567 (RAFAEL RONDON, CEO).
- How much revenue does THE TENNESSEE CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $21,382,047, expenses of $20,152,069 and total assets of $399,446,172 at year end.
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