Leaders Credit Union
100% goes to programs Strong reserves Growing revenue
Leaders Credit Union is a 501(c)(14) organization based in Jackson, Tennessee, registered in 2023, with $93,333,162 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
87 Murray Guard Dr, Jackson, TN, 38305 EIN 62-0681671 Since 2023
Revenue (FY2024)
$93.3M
▲ 23.9% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$77.5M
Net assets
$123.2M
Employees
245
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Leaders Credit Union: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Leaders Credit Union: 19 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Leaders Credit Union: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Leaders Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
State chartered credit union that provides financial services to members in the form of loans, share accounts, and other financial institutional services.
What they do
Provision of financial services to members in the form of loans, share accounts, and other financial institutional services.
Contact & location
- Address
- 87 Murray Guard Dr, Jackson, TN, 38305
- City
- Jackson
- State
- Tennessee
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $15.0M (FY2013) to $93.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0BNet assets $123.2M
Operating margin
16.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$1.0B
Net assets
$123.2M
Salaries & benefits
$21.4M
28% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,333,162▲23.9% | $77,538,876▲28.3% | $123,219,900▲14.8% | $1,142,982,611▲15.6% | 990 |
| 2023 | $75,354,463▲38.2% | $60,458,045▲45.6% | $107,379,924▲16.0% | $988,714,205▲13.3% | 990 |
| 2022 | $54,522,507▲14.8% | $41,532,904▲18.8% | $92,542,545▲27.8% | $872,463,960▲35.7% | 990 |
| 2021 | $47,507,703▲15.7% | $34,969,738▲7.2% | $72,420,688▲20.9% | $642,989,895▲21.3% | 990 |
| 2020 | $41,046,315▲18.6% | $32,607,133▲10.9% | $59,900,641▲17.1% | $530,250,449▲20.0% | 990 |
| 2019 | $34,601,569▲17.3% | $29,393,124▲19.0% | $51,135,613▲12.2% | $441,961,763▲13.6% | 990 |
| 2018 | $29,491,608▲19.0% | $24,700,323▲19.8% | $45,593,756▲11.4% | $389,102,601▲12.8% | 990 |
| 2017 | $24,787,917▲16.4% | $20,620,897▲15.1% | $40,917,755▲11.2% | $344,820,452▲17.0% | 990 |
| 2016 | $21,288,308▲13.9% | $17,921,778▲15.3% | $36,793,640▲10.0% | $294,706,172▲8.8% | 990 |
| 2015 | $18,692,884▲16.8% | $15,541,579▲17.8% | $33,454,577▲9.4% | $270,839,235▲16.5% | 990 |
| 2014 | $16,004,579▲6.7% | $13,189,950▲9.3% | $30,581,512▲10.8% | $232,549,955▲9.0% | 990 |
| 2013 | $15,003,068 | $12,063,880▲11.6% | $27,606,559▲26.9% | $213,351,893▲24.2% | 990 |
| 2012 | — | $10,808,331▲13.5% | $21,748,284▲20.3% | $171,810,169▲9.4% | 990 |
| 2011 | — | $9,518,935▼1.7% | $18,076,179▲32.9% | $156,976,617▲18.8% | 990 |
| 2010 | — | $9,685,661 | $13,605,946 | $132,177,160 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Todd Swims — $953,551 (1.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Todd Swims | Manager/ceo | 40 | $953,551 |
| Spencer Pratt | Executive Vp | 40 | $425,818 |
| Seth Rudd | Cfo | 40 | $397,697 |
| Chris Gray | Vp Mortgage | 40 | $305,332 |
| Ryan Platt | Cio | 40 | $281,365 |
| Leigh Anne Bentley | Vp Marketing | 40 | $225,936 |
| Joel Wyatt | Chief Lending Office | 40 | $222,424 |
| Karen Freeman | Coo | 40 | $213,793 |
| Hinna Jamal | Sales Strategy Officer | 40 | $178,480 |
| Bart Teague | Board Member | 2 | — |
| Carolyn Hill | Board Member | 2 | — |
| Currie Higgs | Board Member | 2 | — |
| Dave Bratcher | Board Member | 2 | — |
| Diane Kelley | Board Member | 2 | — |
| Eddie Hays | Board Member | 2 | — |
| Kirk Newcom | Board Member | 2 | — |
| Ricky Catlett | Board Member | 2 | — |
| Rusty Butcher | Board Member | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pscu | Debit/credit Card Services | $3,334,503 |
| Fisher Construction Company | Construction | $2,291,773 |
| Moss Carpenter Construction Company Inc | Construction | $1,910,289 |
| Fiserv | Data Processing | $1,437,456 |
| Ncr Corporationdragon Buyer Inc | Home Banking Services | $1,219,375 |
Grants made · $283K in FY2024
5 grants totaling $283K in FY2024. All grants made by Leaders Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Leaders Education Foundation Inc | Scholarships/grants | $200,000 |
| West Tennessee Healthcare Foundation | Community outreach | $33,000 |
| West Tennessee Healthcare Hope and Healing Foundation | Community outreach | $33,000 |
| Jackson-madison Co School System | Teacher inservice | $10,000 |
| Jackson & Madison County Chamber of Commerce | Forward jackson | $7,200 |
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Compare Leaders Credit Union
Frequently asked questions
- Is Leaders Credit Union a legitimate nonprofit?
- Yes. Leaders Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 62-0681671, based in Jackson, Tennessee.
- What is Leaders Credit Union's EIN?
- Leaders Credit Union's Employer Identification Number (EIN) is 62-0681671.
- How much revenue does Leaders Credit Union report?
- Leaders Credit Union reported $93,333,162 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Leaders Credit Union's spending goes to programs?
- Leaders Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Leaders Credit Union have?
- CharityIndex grades Leaders Credit Union A, based on program efficiency and fundraising cost.
- How much does Leaders Credit Union's highest-paid employee make?
- The highest reported compensation on Leaders Credit Union's latest Form 990 is $953,551, paid to Todd Swims (Manager/ceo).
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Data for Leaders Credit Union (EIN 62-0681671) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.