Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 62-0630690

MEMPHIS CITY EMPLOYEES CREDIT UNION

Tax-exempt · MEMPHIS, TN 38115

Financials

$26.1M$24M2023$29M$27.2M2024
Revenue Expenses · by fiscal year end
Financials of MEMPHIS CITY EMPLOYEES CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$28,993,090$27,188,905$1,804,185$455,354,464$391,539,801$63,814,663
December 31, 2023990$26,086,110$24,006,804$2,079,306$443,259,152$385,230,380$58,028,772
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$25,735,014
Investment income
$3,258,076
Net gain from sales of assets
-$111,090
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,374,461
Other salaries and wages
$5,566,577
Salaries, compensation and benefits (total)
$9,654,925
Professional fundraising fees
$0
Legal fees
$43,202
Occupancy
$536,800
Depreciation
$461,476

Balance sheet and other

Total assets, start of year
$443,259,152
Total assets, end of year
$455,354,464
Total liabilities, end of year
$391,539,801
Net assets, end of year
$63,814,663
Land, buildings and equipment
$2,989,892
Gross unrelated business income
$76,365
Gross receipts
$29,104,180
Employees
119
Volunteers
8
Year formed
1969
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KENNETH SWANNPRESIDENT/CEO
Officer
40$707,237$7,025
ALLEN PETERSONCHIEF OPERATING OFFICER
Officer
40$343,444$7,100
NATHAN STEVENSCHIEF FINANCIAL OFFICER
Officer
40$302,226$7,428
THOMAS MOATESCHIEF INFORMATION OFFICER
Highest-paid employee
40$245,811$5,287
LETISHA SIMMONSCHIEF RISK OFFICER
Highest-paid employee
40$206,707$3,391
DONNA BROWNCHIEF LENDING OFFICER
Highest-paid employee
40$174,471$3,438
RALPH GABBCONTROLLER
Highest-paid employee
40$137,345$4,151
AUDREY PINNERVP OF MORTGAGE
Highest-paid employee
40$130,064$1,365
HETTIEANN SPENDLOVECHAIRMAN
Trustee or director
1$0$0
DELPHONE HUBBARDFIRST VICE CHAIR
Trustee or director
1$0$0
JORGE WHITTEN ORTEGASECOND VICE CHAIR
Trustee or director
1$0$0
DARRYL PORTERTREASURER
Trustee or director
1$0$0
J HARVEY HERRINGSECRETARY
Trustee or director
1$0$0
TERRI BROWNDIRECTOR
Trustee or director
1$0$0
WANDA J CORCORANDIRECTOR
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
JAMES VAN STURDIVANTDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
KENNETH SWANNPRESIDENT/CEO
Officer
40$677,998$6,685
NATHAN STEVENSCHIEF FINANCIAL OFFICER
Officer
40$274,394$7,087
ALLEN PETERSONCHIEF OPERATING OFFICER
Officer
40$259,071$6,760
DONNA BROWNCHIEF LENDING OFFICER
Highest-paid employee
40$167,018$3,705
LETISHA SIMMONSCHIEF RISK OFFICER
Highest-paid employee
40$165,943$3,160
THOMAS MOATESCHIEF INFORMATION OFFICER
Highest-paid employee
40$163,832$5,071
RALPH GABBCONTROLLER
Highest-paid employee
40$131,398$3,935
AUDREY PINNERVP OF MORTGAGE
Highest-paid employee
40$127,229$1,365
JAMES VAN STURDIVANTCHAIR
Trustee or director
1$0$0
BARBARA FARMERFIRST VICE CHAIR
Trustee or director
1$0$0
HETTIEANN SPENDLOVESECOND VICE CHAIR
Trustee or director
1$0$0
JORGE WHITTEN ORTEGASECRETARY
Trustee or director
1$0$0
DELPHONE HUBBARDTREASURER
Trustee or director
1$0$0
TERRI BROWNDIRECTOR
Trustee or director
1$0$0
WANDA J CORCORANDIRECTOR
Trustee or director
1$0$0
J HARVEY HERRINGDIRECTOR
Trustee or director
1$0$0
DARRYL PORTERDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2678 MOUNT MORIAH TER, MEMPHIS, TN 38115-1609
In care of
% KEN SWANN OR ALLEN PETERSON
Principal officer (990 for 2024)
NATHAN STEVENS, 2678 MT MORIAH TERRACE COVE, MEMPHIS, TN 38115
Signed the 990
NATHAN STEVENS, CHIEF FINANCIAL OFFICER
Phone
(901) 321-1200
Return prepared by
REYNOLDS BONE & GRIESBECK PLC

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • STATE CHARTERED CREDIT UNION CREATED TO PROVIDE THE HIGHEST QUALITY OF PERSONAL FINANCIAL SERVICES IN A FRIENDLY, PROFESSIONAL MANNER; TO ENCOURAGE SAVINGS AND THE WISE USE OF CREDIT; TO INCREASE THE KNOWLEDGE AND ABILITY OF OUR MEMBERS TO MANAGE AND CONTROL THEIR FINANCES.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
62-0630690
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
Assets (IRS master file)
$455,354,464
Income (IRS master file)
$29,104,180

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$28,993,090$27,188,905$455,354,464XML
990December 2023$26,086,110$24,006,804$443,259,152XML
990December 2022$23,689,199$20,820,305$442,390,600IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 62-0630690).

Questions about MEMPHIS CITY EMPLOYEES CREDIT UNION

What is the EIN of MEMPHIS CITY EMPLOYEES CREDIT UNION?
The employer identification number (EIN) of MEMPHIS CITY EMPLOYEES CREDIT UNION is 62-0630690.
Is MEMPHIS CITY EMPLOYEES CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
Are donations to MEMPHIS CITY EMPLOYEES CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MEMPHIS CITY EMPLOYEES 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 MEMPHIS CITY EMPLOYEES CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MEMPHIS CITY EMPLOYEES CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MEMPHIS CITY EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2024 names NATHAN STEVENS.
Who are the officers and directors of MEMPHIS CITY EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 16 people; 8 received compensation from the organization, the highest $707,237 (KENNETH SWANN, PRESIDENT/CEO).
How much revenue does MEMPHIS CITY EMPLOYEES CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $28,993,090, expenses of $27,188,905 and total assets of $455,354,464 at year end.

Other nonprofits in MEMPHIS

All nonprofits in MEMPHIS · Tennessee