2024-08-26T08:51:40-05:00 2023-12-31 721396621 CARR RIGGS & INGRAM LLC 3011 ARMORY DRIVE SUITE 300 NASHVILLE TN 37204 990 2023-01-01 626041064 KOIN CREDIT UNION KOIN 6152512089 215 CENTERVIEW DR SUITE 3-111 BRENTWOOD TN 37027 ERIK HEARN CFO 6152512089 2024-08-02 1 0 PHILLIP STEIN P00988662 6156651811 2024-08-02 2023 2024-08-08 14:25:15Z ERIK HEARN 215 CENTERVIEW DR SUITE 3-111 BRENTWOOD TN 37027 1445218 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 9 12 0 0 0 0 855905 1030844 206623 280083 141112 134291 1203640 1445218 0 0 0 0 628406 653265 0 0 0 1026400 1159475 1654806 1812740 -451166 -367522 42251248 38532997 38237112 35006128 4014136 3526869 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 12/31/23, KOIN CREDIT UNION (KCU) HAS 1 LOCATION IN BRENTWOOD, 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, 2023 INCLUDE 1 LOCATION, 9 EMPLOYEES, 1,892 MEMBERS, 1,939 LOAN ACCOUNTS, 858 PARTICIPATION LOANS AND 3,803 DEPOSIT ACCOUNTS. 0 0 0 0 0 0 0 0 0 1 0 1 0 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 0 0 0 1 5 0 9 0 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 TREASURER 1.00 X 0 0 0 SHAWN TOBE BOARD MEMBER 1.00 X 0 0 0 MIKE PUCKETT CHAIRMAN 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 SHELBY SAWYER BOARD MEMBER 1.00 X 0 0 0 MIKE NEILL BOARD MEMBER 1.00 X 0 0 0 JASON HENDERSON BOARD MEMBER 1.00 X 0 0 0 DOUG CLINTON CEO 40.00 X 141819 0 458 141819 0 458 1 0 0 0 0 INTEREST MEMBER LOAN 525990 962493 962493 INTEREST CREDIT CARD 525990 42123 42123 INTEREST PARTICIPATION 525990 26228 26228 1030844 280083 280083 DEBITCRD NET I/CCR 900099 72467 72467 FEE INCOME 900099 28317 28317 CR CARD NET I/C 900099 17166 17166 16341 16341 134291 1445218 1445218 0 0 519601 133664 317514 PROFESSIONAL & OUTSIDE 403769 OFFICE OPERATIONS 164474 LOAN SERVICE EXPENSE 105881 EDUCATION & PROMOTION 74295 93542 1812740 115744 138006 23523362 23985490 189107 154612 392877 174421 258214 218456 17749433 13688921 415388 347512 42251248 38532997 -145389 53816 38382501 34952312 38237112 35006128 X 1306664 1306664 0 0 2707472 2220205 4014136 3526869 42251248 38532997 X -367522 -119745 X X 0 1 X 1 0 385629 172277 213352 7248 2144 5104 218456 HTM DEBT SECURITIES 6525000 C DEPOSITS IN COMMERCIAL BANKS 2749000 C NATURAL PERSON CREDIT UNIOINS 2237200 C PERPETUAL CONTRIBUTED CAPITAL 297897 C VOLCOR 1879824 C 13688921 SHARES 34914890 DIVIDENDS PAYABLE 37422 34952312 1445218 0 1445218 0 1445218 1812740 0 1812740 0 1812740 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 XI, LINE 9: ONE-TIME ADJUSTMENT FOR CECL (AS DETERMINED UNDER 702.703(B)) -119,745. 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.