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| Company Name: | INDUSTRIAL CREDIT UNION |
| Employer identification number (EIN): | 04-1470910 |
| EIN Issuing Authority | Brookhaven, NY |
| NAIC Classification: | 522130 |
| NAIC Description: | Credit Unions |
| 401k Pension/Benefits registration | INDUSTRIAL CREDIT UNION 401k plan information |
| Federal tax status | Exempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code |
| State of Incorporation | Tennessee, TN |
| Mission Statement | INDUSTRIAL CREDIT UNION IS A FULL SERVICE MEMBER-OWNED FINANCIAL INSTITUTION WHOSE PURPOSE IS TO PROMOTE THRIFT AND TO LOAN MONEY AT FAIR AND REASONABLE RATES OF INTEREST. WE ARE NOT FOR PROFIT NOT FOR CHARITY BUT FOR OUR MEMBERS SERVICE. |
| Number of Employees | 0 |
| Number of Volunteers | 9 |
| Year Formed | 1910 |
| Legal Domicile | MA |
| Voting Members - Governing Body | 10 |
| Voting Members - Independent | 0 |
| 2015-12-31 | |
|---|---|
| Total unrelated business income | USD $ 0 |
| Program Service Revenue from prior year | USD $ 4,966,017 |
| Program Service Revenue from current year | USD $ 3,841,620 |
| Investment Income from current year | USD $ 0 |
| Other Revenue from current year | USD $ 0 |
| Gross receipts from all sources | USD $ 3,841,620 |
| Net assets / fund balances at end of fiscal year | USD $ 0 |
| Net assets / fund balances at beginning of fiscal year | USD $ 18,838,261 |
| Total liabilities at end of fiscal year | USD $ 0 |
| Total liabilities at beginning of fiscal year | USD $ 151,021,600 |
| Total assets at end of fiscal year | USD $ 0 |
| Total assets at beginning of fiscal year | USD $ 169,859,861 |
| Revenues less expenses for current year | USD $ -2,342,070 |
| Revenues less expenses for previous year | USD $ 738,089 |
| Total expenses for current year | USD $ 6,183,690 |
| Total expenses for previous year | USD $ 4,227,928 |
| Other expenses in current year | USD $ 2,006,106 |
| Other expenses in previous year | USD $ 890,831 |
| Total fundraising expenses in current year | USD $ 0 |
| Professional fundraising fees from current year | USD $ 0 |
| Employee salary and benefits paid in current year | USD $ 3,343,653 |
| Employee salary and benefits paid in previous year | USD $ 1,449,309 |
| Benefits paid to or for members in current year | USD $ 833,931 |
| Benefits paid to or for members in previous year | USD $ 1,887,788 |
| Grants and similar amounts paid in current year | USD $ 0 |
| Total revenue in current fiscal year | USD $ 3,841,620 |
| Total revenue in previous fiscal year | USD $ 4,966,017 |
| Contributions and grants from current year | USD $ 0 |
The following addresses have been detected as associated with Tax Indentification Number 041470910
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| Event Date | Event description | |
|---|---|---|
| 2019-08-12 | Posting of automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years | |
| 2019-05-15 | Automatic revocation of federal tax exempt status for not filing Form 990 return or notice for 3 consecutive years |
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