2011-05-02T11:15:12-07:00 2010-12-31 990 2010-01-01 626041453 KINGSPORT PRESS CREDIT UNION KING 4233789292 528 W CENTER STREET KINGSPORT TN 37660 Jeff Morris 4233789292 2011-05-02 2010 2016-02-24 21:20:13Z Deborah Salyer c/o Kingsport Press Credit Union 528 W Center Street Kingsport TN 37660 3711661 0 1182 X www.kpcu.org X State Chartered Credit Union 1932 TN To provide financial services to approximately 7,562 members (owners) in the form of financial counseling, loans, IRA's, deposit accounts, etc.... 9 7562 0 10 0 0 2505 2095 3259768 3199784 501019 305657 168547 204125 3931839 3711661 0 0 0 0 908099 946790 0 0 0 3189587 2815591 4097686 3762381 -165847 -50720 64140371 62515707 57567399 55939630 6572972 6576077 See Form 990, page 1, Part 1, Line 1 0 0 0 0 0 See Form 990, Page 1, Part I, Line 1 0 0 0 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 0 1 7 0 1 0 0 0 0 0 0 0 X 9 7562 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 0 0 1 1 0 TN X Jeff Morris 4233789292 Kingsport Press Credit Union 528 W Center Street Kingsport TN 37660 Christine Grant 1 X 0 0 0 Paul Rutledge 0.5 X 0 0 0 Jackie Taylor 0.5 X 0 0 0 Larry Gullion 2 X 0 0 0 Tommy Dykes 0.5 X 0 0 0 Jack Fannon 0.5 X 0 0 0 Gary Birchfield 0.5 X 0 0 0 Randall Seaver 2.00 X 10674 0 0 Hollis Anderson 0.5 X 0 0 0 Deborah Salyer 40 X X X 57177 0 0 67851 0 0 0 0 0 0 EPL 22 Iverness Center Birmingham AL 35242 Data Processor 126976 United Healthcare 1300 River Drive Moline IL 61265 Employee Health Insurance 173982 2 0 2095 0 0 0 0 0 2095 Interest on Loans to Members 522130 2782035 2782035 0 0 Fees on Member Services 522130 417749 417749 0 0 0 0 0 0 3199784 303278 303278 0 0 0 0 0 2379 0 0 0 2379 2379 2379 0 0 0 Other Operating Revenue 522130 204125 204125 0 0 0 0 0 0 204125 3711661 3709566 0 0 67851 625390 173056 80493 8521 150922 56837 168816 113553 7403 24 10880 38702 31680 Dividends & Interest to Members 1577726 Provision For Loan Losses 195612 NCUSIF Stabilization Expense 186020 Office Operations Expenses 160755 Loan Servicing Expenses 70203 37937 3762381 0 0 0 704273 805823 44954422 44711194 1039925 920417 2314930 1057125 1102828 1257805 16338923 14820468 64140371 62515707 101637 141231 57465762 55798399 57567399 55939630 X 2563498 2617322 0 0 4009474 3958755 6572972 6576077 64140371 62515707 X -50720 53825 X 1 1 0 X 0 0 533097 533097 0 1109936 477617 632319 0 0 0 0 0 671897 579508 92389 0 0 0 0 1257805 Bank Certificates of Deposit 10387000 C Federal Agency Securities 2204335 F Volunteer Corporate Credit Union 2229133 C 14820468 0 Members Shares 10555015 Members Sharedrafts 3804503 Members Money Market Accounts 1131104 Members Share Certificate of Deposit 12486905 Members IRA's 27548918 Members Other Deposit Accounts 271954 55798399 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Credit Union members (owners) only. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Credit Union members (owners) elect the governing body at an Annual Meeting. F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Form 990 is available to the governing body at their request. Also, it will be reviewed by the independent auditor and the State Examiners if requested. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c It is monitored and reported to the Governing body by the Vice-President of Operations at each monthly meeting. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 Surveys are conducted among peer groups and compensation information obtained from the State Credit Union League and all compensation is reported to the Governing Body for approval. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 All all available to the membership upon request. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized Loss on Securities decreased from $75,229 at the Beginning of 2010 to $21,404 at the end of 2010, a difference of $53,825.