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VOLUNTEER CORPORATE CREDIT UNION

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Public IRS 990 nonprofit record

VOLUNTEER CORPORATE CREDIT UNION

EIN 62-1120233 · Arts, Culture & Humanities (A)

What they do

INSPIRING CREDIT UNIONS to REACH NEW HEIGHTS BY PROVIDING DYNAMIC PAYMENT SOLUTIONS, CUSTOM INVESTMENT SERVICES, and UNPARALLELED MEMBER SERVICE.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.11%of revenue went to mission work100.0% of expenses · Program services
$104.13spent for every $100 of revenueSpending was higher than revenue this year.
$13.28in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $5,370,058 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $764,529 for JEFFREY MERRY (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$150,239,659
Mission workProgram services$135,383,19690.11% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$14,856,4639.89% of revenueShown in gray on the chart
Total expenses$135,383,19690.11% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 90.11% of revenue
2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 82.68% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 66.25% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 40.09% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 82.06% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 83.00% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 80.46% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 76.51% of revenue

Money in and money out

Revenue$130,013,138
Expenses$135,383,196
Annual shortfall $5,370,058 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$135,383,196 · 100.0% of expenses
See all reported dollar amounts
Revenue$130,013,138
Expenses$135,383,196
Assets$1,797,666,479
Income$130,013,138
Mission work (program services)$135,383,196
Accounting fees$135,623
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JEFFREY MERRYPRESIDENT/CEO · 40 hrs/week $764,529Base $690,583 · Other $73,946
JEFFREY DATOEVP/COO · 40 hrs/week $386,259Base $327,879 · Other $58,380
PHILLIP COCHRANSVP/CHIEF INVESTMENT OFFIC · 40 hrs/week $382,291Base $337,600 · Other $44,691
JEFF CANTRELLVP INFORMATION TECHNOLOGY · 40 hrs/week $285,685Base $235,571 · Other $50,114
CHRISTINA ADKISONCHIEF EXPERIENCE OFFICER · 40 hrs/week $280,560Base $233,081 · Other $47,479
JUSTIN HOLTCHIEF FINANCIAL OFFICER · 40 hrs/week $258,171Base $220,134 · Other $38,037
BEN WILLIAMSVP IT STRATEGIC PROJECTS · 40 hrs/week $253,809Base $214,634 · Other $39,175
JOSH YATESDIRECTOR SOFTWARE DEVELOPM · 40 hrs/week $212,579Base $169,557 · Other $43,022
MICHELLE DOUGLASVP, PAYMENTS AND OPERATIONS · 40 hrs/week $194,807Base $153,213 · Other $41,594
LARRY WADE STAPLETONVP, MARKETING AND COMMUNIC · 40 hrs/week $188,098Base $162,532 · Other $25,566

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

JEFFREY MERRYPRESIDENT/CEO

JEFFREY DATOEVP/COO

PHILLIP COCHRANSVP/CHIEF INVESTMENT OFFIC

JEFF CANTRELLVP INFORMATION TECHNOLOGY

CHRISTINA ADKISONCHIEF EXPERIENCE OFFICER

JUSTIN HOLTCHIEF FINANCIAL OFFICER

BEN WILLIAMSVP IT STRATEGIC PROJECTS

JOSH YATESDIRECTOR SOFTWARE DEVELOPM

MICHELLE DOUGLASVP, PAYMENTS AND OPERATIONS

LARRY WADE STAPLETONVP, MARKETING AND COMMUNIC

TODD SWIMSVICE CHAIRMAN

RON SMITHTREASURER

NICK ARVONDIRECTOR

MIKE COOPERSECRETARY

JUDY HESTERDIRECTOR

JOHN JACOWAYCHAIRMAN

ERIN WALTERDIRECTOR

DEBBIE JONESDIRECTOR

BRIAN TROTTERDIRECTOR

BRADLEY ARANT BOULT CUMMINGS LLPGENERAL COUNSEL

About this charity

Recognized since
January 1952
Location
2460 ATRIUM WAY, NASHVILLE, TN 37214-5102
County
Davidson
In care of
% JEFFERY MERRY
Primary officer
JUSTIN HOLT, CHIEF FINANCIAL OFFICER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CRI ADVISORS LLC
NTEE classification
Arts, Culture & Humanities (A)
IRS tax category
Arts, Culture & Humanities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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