PATRIOT EQUITY CREDIT UNION

Address
1450 UNION UNIVERSITY DRIVE
JACKSON, TN 38305
Contact
Website: http://www.pecujax.org
Phone: +1 (731) 668-1155
Nonprofit
NTEE: W61 - Credit Unions
EIN: 62-0328550

Mission

CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 2,867 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
 201720162015
Basic features of the organization
Year of formation1929
Subsection501(c)(14)
Organization typeAssociation
Metropolitan statistical area3580
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$135,469.00$113,025.00$117,632.00
Number of employees161312
Number of volunteers999
Personnel
Crossett, Danny
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personDANNY CROSSETTDANNY CROSSETTDANNY CROSSETT
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Denton, Brad
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personBRAD DENTONBRAD DENTONBRAD DENTON
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Dunlap, Janine
TitleSECRETARYSECRETARYSECRETARY
Name of key/compensated personJANINE DUNLAPJANINE DUNLAPJANINE DUNLAP
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Glassman, Lesa
TitleBOARD MEMBERBOARD MEMBER 
Name of key/compensated personLESA GLASSMANLESA GLASSMAN 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Average hours per week working for related orgs0.000.00 
Hakes, Holly
TitleBRANCH MANAG  
Name of key/compensated personHOLLY HAKES  
Average hours per week working for org40.00  
Reportable compensation from org$38,327.00  
Other comp, non-reportable, from org and related orgs$392.00  
PositionOfficer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Hall, Fara
TitleCEOCEOCEO
Name of key/compensated personFARA HALLFARA HALLFARA HALL
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$82,202.00$80,177.00$82,030.00
Other comp, non-reportable, from org and related orgs$1,975.00$22,483.00$1,433.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Hardee, Ken
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personKEN HARDEEKEN HARDEEKEN HARDEE
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Moore, Kent
TitlePRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personKENT MOOREKENT MOOREKENT MOORE
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Oakley, Jeff
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personJEFF OAKLEYJEFF OAKLEYJEFF OAKLEY
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Snider, Angela
TitleVICE-PRESIDEVICE-PRESIDEVICE-PRESIDE
Name of key/compensated personANGELA SNIDERANGELA SNIDERANGELA SNIDER
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Stallings, Stephanie
TitleACCOUNTING M  
Name of key/compensated personSTEPHANIE STALLINGS  
Average hours per week working for org40.00  
Reportable compensation from org$14,940.00  
Other comp, non-reportable, from org and related orgs$93.00  
PositionOfficer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.00  
Thornton, Laura
Title CFOCFO
Name of key/compensated person LAURA THORNTONLAURA THORNTON
Average hours per week working for org  40.00
Reportable compensation from org $32,848.00$35,602.00
Other comp, non-reportable, from org and related orgs $3,781.00$911.00
Position OfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Yanessa, Becky
TitleTREASURERTREASURERTREASURER
Name of key/compensated personBECKY YANESSABECKY YANESSABECKY YANESSA
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.00 
Purpose: mission, activities & accomplishments
Mission or significant activitiesCREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
Program expenses (total)$1,332,938.00$1,141,145.00$1,064,637.00
Programs, including revenue & expenses
THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
Program expenses  $46,114.00
Program description  THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
Program expenses  $1,018,523.00
Program description  THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
Financial data
Expense categories (totals)
Sum (total functional expenses)$1,332,938.00$1,141,145.00$1,064,637.00
Program services (total functional expenses)$0.00$0.00$0.00
Management & general (total functional expenses)$1,332,938.00$1,141,145.00$1,064,637.00
Fundraising (total functional expenses)$0.00$0.00$0.00
Revenue
Total revenue$1,356,643.00$1,099,445.00$956,902.00
Program service revenue (total)$1,153,786.00$904,130.00$773,263.00
Revenue from contributions (total)  $0.00
Investment income$107,495.00$92,022.00$81,537.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$95,362.00$103,293.00$102,102.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00
Gross receipts$1,356,643.00$1,099,445.00$956,902.00
Other types of revenue
Miscellaneous revenue (total)$95,362.00$103,293.00$102,102.00
Income from dividends, interest, and similar investments$107,495.00$92,022.00$81,537.00
Net rental income  $0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$27,616,127.00$26,074,760.00$23,445,758.00
Total assets, beginning of year$26,074,760.00$23,445,758.00$23,284,608.00
Total liabilities$24,068,433.00$22,550,771.00$19,880,069.00
Total liabilities, beginning of year$22,550,771.00$19,880,069.00$19,611,184.00
Net assets$3,547,694.00$3,523,989.00$3,565,689.00
Net assets, beginning of year$3,523,989.00$3,565,689.00$3,673,424.00
Other liabilities$23,921,848.00$22,490,784.00$19,769,110.00
Other assets$379,762.00$261,302.00$237,752.00
Investments: other securities$2,296,194.00$3,649,194.00$3,893,194.00
Cash: non-interest bearing$1,967,010.00$1,264,037.00$1,424,002.00
Cash: non-interest bearing, beginning of year$1,264,037.00$1,424,002.00$2,196,166.00
Other financial variables
Revenue less expenses$23,705.00-$41,700.00-$107,735.00
Savings & temp cash investment$4,047,000.00$2,841,000.00$3,547,000.00
Accounts receivable, net$17,135,909.00$16,246,925.00$12,591,490.00
Prepaid expenses & deferred charges$169,715.00$168,152.00$52,315.00
Accounts payable & accrued expenses$146,585.00$59,987.00$110,959.00
Total net assets or fund balances$3,547,694.00$3,523,989.00$3,565,689.00
Governance and accountability
Number of voting members999
Number of independent voting members999
Tax year start date2017-01-012016-01-012015-01-01
Tax year end date2017-12-312016-12-312015-12-31
Accounting methodAccrualAccrualAccrual
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-10-222017-08-112016-09-02
IRS schema version2017v2.32016v3.02015v2.1
Filing identifier201831359349306093201740809349300604201611329349303081
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