Leaders Credit Union
Nonprofit profile at a glance
- EIN
- 620681671
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Jackson, TN, USA
- Phone
- 7316641784
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Credit Unions
Reported finances
- Revenue
- $93,333,162
- Expenses
- $77,538,876
- Assets
- $1,142,982,611
- Liabilities
- $1,019,762,711
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Todd Swims (Manager/CEO)
Highest reported compensation
- Todd Swims (Manager/CEO): $1,013,164 total reported compensation
- Spencer Pratt (Executive VP): $490,467 total reported compensation
- Seth Rudd (CFO): $463,716 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Leaders Credit Union provides financial products and guidance to help members make progress toward financial goals. Top 5 Reasons to Consider a USDA Mortgage Home Loan Leaders Credit Union provides USDA mortgage home loans to qualified Tennesseans. With that in mind,... READ MORE An Explanation of Veteran (VA) Home Loan / Mortgage Eligibility If you are an active duty military member or a veteran, you may qualify for a VA loan. At Leaders,... READ MORE What is a Bridge Loan? 7 Features You Should Know If you currently own a home and you’re planning to sell it and buy a new one, then a bridge loan... READ MORE.
What it reported doing in 2024
Provision of financial services to members in the form of loans, share accounts, and other financial institutional services (78,996 members).
Operating model
- Revenue model
- Other-operating. 79% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 86
- Accountability: 86
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.4%; rating input score 84
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.9%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 14.74; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.89; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 25.7% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 15.5% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 15.3% per year; rating input score 100; 87th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 84.4% of revenue deployed · 100% of spending went to programs
- Governance: 10 of 10 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $1M · 18 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $10.2M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 19/100.