2023-11-15T09:42:59-06:00 2022-12-31 721396621 CARR RIGGS & INGRAM LLC 3011 ARMORY DRIVE SUITE 300 NASHVILLE TN 37204 990 2022-01-01 626041064 KOIN CREDIT UNION KOIN 6152512089 215 CENTERVIEW DR SUITE 3-111 BRENTWOOD TN 37027 ERIK HEARN CFO 6152512089 2023-11-08 1 ERIK HEARN 999009999 1 PHILLIP STEIN P00988662 6156651811 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIK HEARN 215 CENTERVIEW DR SUITE 3-111 BRENTWOOD TN 37027 1203640 0 X HTTPS://KOINCU.ORG/ X 1954 TN THE PURPOSES OF THIS CREDIT UNION SHALL BE TO PROMOTE GOOD ECONOMIC MANAGEMENT, TO ISSUE SHARES AND MAINTAIN ACCOUNTS, TO MAKE LOANS TO ITS MEMEBERS AT RESONABLE RATES OF INTEREST FOR PRUDENT PURPOSES, TO INVEST ANY SURPLUS NOT REQUIRED FOR LANS TO MEMEBERS IN THE WAY AND MANNER PROVIDED BY LAW, AND TO EXERCISE THOSE FUNCTIONS DESCRIBED IN THE LAWS OF THE STATE OF TENNESSEE AUTHORIZING THE ORGANZIATION OF CREDIT UNIONS. 7 7 11 11 0 0 0 0 924264 855905 158001 206623 159739 141112 1242004 1203640 0 0 0 0 511501 628406 0 0 0 972344 1026400 1483845 1654806 -241841 -451166 47682396 42251248 43217094 38237112 4465302 4014136 X THE PURPOSES OF THIS CREDIT UNION SHALL BE TO PROMOTE GOOD ECONOMIC MANAGEMENT, TO ISSUE SHARES AND MAINTAIN ACCOUNTS, TO MAKE LOANS TO ITS MEMEBERS AT RESONABLE RATES OF INTEREST FOR PRUDENT PURPOSES, TO INVEST ANY SURPLUS NOT REQUIRED FOR LANS TO MEMEBERS IN THE WAY AND MANNER PROVIDED BY LAW, AND TO EXERCISE THOSE FUNCTIONS DESCRIBED IN THE LAWS OF THE STATE OF TENNESSEE AUTHORIZING THE ORGANZIATION OF CREDIT UNIONS. 0 0 AT 12/31/22, KOIN CREDIT UNION (KCU) HAS 1 LOCATION IN NASHVILLE, TN. KCU 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. KEY DATA AS OF DECEMBER 31, 2022 INCLUDE 1 LOCATION, 11 EMPLOYEES, 1,943 MEMBERS, 2,455 LOAN ACCOUNTS, 1,380 PARTICIPATION LOANS AND 3,894 DEPOSIT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 11 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X ERIK HEARN 6152512091 215 CENTERVIEW DR SUITE 3-111 BRENTWOOD TN 37027 OWEN JONES VICE CHAIRMAN 1.00 X 0 0 0 TRACY BROOKS SECRETARY 1.00 X 0 0 0 STEVE ACKLIN BOARD MEMBER 1.00 X 0 0 0 DAVID YOWELL BOARD MEMBER 1.00 X 0 0 0 MIKE PUCKETT BOARD MEMBER 1.00 X 0 0 0 SARA MOFIELD BOARD MEMBER 1.00 X 0 0 0 JANICE BELL BOARD MEMBER 1.00 X 0 0 0 SHAYNE GILPIN SUPERVISORY COMMITTEE 1.00 X 0 0 0 MICKIE MALHAM SUPERVISORY COMMITTEE 1.00 X 0 0 0 MARY ANNE MAULBECK SUPERVISORY COMMITTEE 1.00 X 0 0 0 PHYLISS YOUNG SUPERVISORY COMMITTEE 1.00 X 0 0 0 DOUG CLINTON CEO 40.00 X 132990 0 0 132990 0 0 1 0 0 0 0 INTEREST 525990 855905 855905 855905 206623 206623 DEBITCRD NET I/CCR 900099 72737 72737 FEE INCOME 900099 32605 32605 CR CARD NET I/C 900099 17907 17907 17863 17863 141112 1203640 1203640 0 0 X 487062 141344 101979 PROFESSIONAL & OUTSIDE 347825 OFFICE OPERATIONS 166771 LOAN SERVICE EXPENSE 126093 EDUCATION & PROMOTION 73675 210057 1654806 111375 115744 23398809 23523362 127550 189107 370507 112293 143373 258214 23228697 17749433 672592 415388 47682396 42251248 199144 -145389 43017950 38382501 43217094 38237112 X 1306664 1306664 0 0 3158638 2707472 4465302 4014136 47682396 42251248 -451166 0 X X 0 1 X 1 0 363259 111510 251749 7248 783 6465 258214 HTM DEBT SECURITIES 8825000 C DEPOSITS IN COMMERCIAL BANKS 5243000 C NATURAL PERSON CREDIT UNIOINS 2915700 C PERPETUAL CONTRIBUTED CAPITAL 297897 C VOLCOR 467736 C ALLOYA CORP FCU 100 C 17749433 IRA WITHHOLDING 19 SHARES 37955279 LINE OF CREDIT 400000 DIVIDENDS PAYABLE 27203 38382501 1203640 0 1203640 0 1203640 1654805 0 1654805 0 1654805 FORM 990, PART VI, SECTION A, LINE 6 EACH INDIVIDUAL WHO OPENS A SHARE/SAVINGS ACCOUNT BECOMES A MEMBER OF THE CREDIT UNION FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING MANAGER AND CEO REVIEW FORM 990 FOR ACCURACY PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CERTIFICATION IS OBTAINED FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS WHO ARE INDEPENDENT FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE AT ANNUAL SHAREHOLDER MEETING AND ARE AVAILABLE UPON REQUEST. REGULATORY FILINGS OF FINANCIAL AND OPERATIONAL DATA ARE AVAILABLE TO THE PUBLIC VIA THE INTERNET. FORM 990, PART IX, LINE 24E MISC OPERATING EXPENSES 71,328. OFFICE OCCUPANCY 65,580. PROVISIONAL LOAN LOSS 51,000. TRAVEL 11,974. SUPERV & EXAMINATION 10,175. FORM 990 PART XII, PAGE 12, LINE 2C THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED ITS PROCESS.