Nonprofit · EIN 62-0681671
LEADERS CREDIT UNION
Tax-exempt · JACKSON, TN 38305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $93,333,162 | $77,538,876 | $15,794,286 | $1,142,982,611 | $1,019,762,711 | $123,219,900 |
| December 31, 2023 | 990 | $75,354,463 | $60,458,045 | $14,896,418 | $988,714,205 | $881,334,281 | $107,379,924 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $61,895,648
- Investment income
- $4,539,974
- Net rental income
- $145,868
- Net gain from sales of assets
- $685,594
- Other revenue
- $26,897,540
Expenses
- Grants and similar amounts paid
- $283,200
- Compensation of officers, directors and key employees
- $3,204,396
- Other salaries and wages
- $14,240,763
- Salaries, compensation and benefits (total)
- $21,407,615
- Professional fundraising fees
- $0
- Legal fees
- $29,481
- Accounting fees
- $125,797
- Occupancy
- $886,814
- Travel
- $328,385
- Depreciation
- $1,455,885
- Program services (functional)
- $77,538,876
Balance sheet and other
- Total assets, start of year
- $988,714,205
- Total assets, end of year
- $1,142,982,611
- Total liabilities, end of year
- $1,019,762,711
- Net assets, end of year
- $123,219,900
- Land, buildings and equipment
- $27,166,353
- Gross unrelated business income
- $239,094
- Gross receipts
- $93,452,474
- Employees
- 245
- Volunteers
- 0
- Year formed
- 1957
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Todd Swims | Manager/CEO Officer | 40 | $953,551 | $59,613 |
| Spencer Pratt | Executive VP Officer | 40 | $425,818 | $64,649 |
| Seth Rudd | CFO Officer | 40 | $397,697 | $66,019 |
| Chris Gray | VP Mortgage Highest-paid employee | 40 | $305,332 | $62,631 |
| Ryan Platt | CIO Highest-paid employee | 40 | $281,365 | $59,036 |
| Joel Wyatt | Chief Lending Office Highest-paid employee | 40 | $222,424 | $50,212 |
| Leigh Anne Bentley | VP Marketing Highest-paid employee | 40 | $225,936 | $45,414 |
| Karen Freeman | COO Highest-paid employee | 40 | $213,793 | $48,900 |
| Hinna Jamal | Sales Strategy Officer Highest-paid employee | 40 | $178,480 | $14,061 |
| Dave Bratcher | Board Member Trustee or director | 2 | $0 | $0 |
| Rusty Butcher | Board Member Trustee or director | 2 | $0 | $0 |
| Ricky Catlett | Board Member Trustee or director | 2 | $0 | $0 |
| Eddie Hays | Board Member Trustee or director | 2 | $0 | $0 |
| Currie Higgs | Board Member Trustee or director | 2 | $0 | $0 |
| Carolyn Hill | Board Member Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Diane Kelley | Board Member Trustee or director | 2 | $0 |
| Kirk Newcom | Board Member Trustee or director | 2 | $0 |
| Bart Teague | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD SWIMS | MANAGER/CEO Officer | 40 | $843,895 | $56,176 |
| SPENCER PRATT | EXECUTIVE VP Officer | 40 | $344,626 | $68,008 |
| SETH RUDD | CFO Officer | 40 | $323,532 | $67,011 |
| RYAN PLATT | CIO Highest-paid employee | 40 | $246,289 | $55,424 |
| CHRIS GRAY | VP MORTGAGE Highest-paid employee | 40 | $241,847 | $25,837 |
| KEVIN SMITH | VP INVESTMEN Highest-paid employee | 40 | $223,792 | $27,299 |
| LEIGH ANNE BENTLEY | VP MARKETING Highest-paid employee | 40 | $200,576 | $42,722 |
| JOEL WYATT | CHIEF LENDIN Highest-paid employee | 40 | $195,243 | $47,770 |
| DAVE BRATCHER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RUSTY BUTCHER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RICKY CATLETT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| EDDIE HAYS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CURRIE HIGGS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CAROLYN HILL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DIANE KELLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KIRK NEWCOM | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BART TEAGUE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 87 MURRAY GUARD DR, JACKSON, TN 38305-3774
- Principal officer (990 for 2024)
- Todd Swims, 87 Murray Guard Drive Suite A, Jackson, TN 38305
- Signed the 990
- Seth Rudd, CFO
- Phone
- (731) 664-1784
- Website
- www.leaderscu.com
- Return prepared by
- ATA Advisory LLC
Mission
State chartered credit union that provides financial services to members in the form of loans, share accounts, and other financial institutional services.
Program accomplishments
- Provision of financial services to members in the form of loans, share accounts, and other financial institutional services (78,996 members).
- Provision of financial services to members in the form of loans, share accounts, and other financial institutional services.
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 | Not 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
- 62-0681671
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $1,142,982,611
- Income (IRS master file)
- $93,452,474
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $93,333,162 | $77,538,876 | $1,142,982,611 | XML |
| 990 | December 2023 | $75,354,463 | $60,458,045 | $988,714,205 | XML |
| 990 | December 2022 | $54,522,507 | $41,532,904 | $872,463,960 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 62-0681671).
Questions about LEADERS CREDIT UNION
- What is the EIN of LEADERS CREDIT UNION?
- The employer identification number (EIN) of LEADERS CREDIT UNION is 62-0681671.
- Is LEADERS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2023.
- Are donations to LEADERS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEADERS 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 LEADERS 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 LEADERS 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 LEADERS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Todd Swims.
- Who are the officers and directors of LEADERS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 18 people; 9 received compensation from the organization, the highest $953,551 (Todd Swims, Manager/CEO).
- How much revenue does LEADERS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $93,333,162, expenses of $77,538,876 and total assets of $1,142,982,611 at year end.
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All nonprofits in JACKSON · Tennessee · Public and societal benefit