MEMBERS PREFERRED CREDIT UNION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
MEMBERS PREFERRED CREDIT UNION (EIN 82-0288866)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-02-24
IRS object ID
202310559349300436
Schema version
2022v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-02-24T15:23:23-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390758449PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WIPFLI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 EAST FRONT STREET 301AddressLine1Txt
CityMISSOULACityNm
State AbbreviationMTStateAbbreviationCd
ZIP59802ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN820288866EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MEMBERS PREFERRED CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMEMBBusinessNameControlTxt
Phone2085230090PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 HOOPES AVENUEAddressLine1Txt
CityIDAHO FALLSCityNm
State AbbreviationIDStateAbbreviationCd
ZIP83404ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGREG JOHNSONPersonNm
Person TitlePRESIDENT/CEOPersonTitleTxt
Phone2083467922PhoneNum
Signature2023-02-21SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGREGPersonFirstNm
Person LastJOHNSONPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSAM BRUNSON CPAPreparerPersonNm
PTINP01696998PTIN
Phone4067281800PhoneNum
Preparation2023-02-21PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGREG JOHNSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 HOOPES AVENUEAddressLine1Txt
CityIDAHO FALLSCityNm
State AbbreviationIDStateAbbreviationCd
ZIP83404ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,414,497GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.MEMBERSPREFERRED.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1968FormationYr
Legal Domicile StateIDLegalDomicileStateCd
Activity Or MissionTO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO MEMBERS.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee16TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$3,283TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,723,755PYProgramServiceRevenueAmt
CY Program Service Revenue$3,283,557CYProgramServiceRevenueAmt
PY Investment Income$59,359PYInvestmentIncomeAmt
CY Investment Income$130,940CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,783,114PYTotalRevenueAmt
CY Total Revenue$3,414,497CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$649,788PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$773,574CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,043,447PYOtherExpensesAmt
CY Other Expenses$1,614,082CYOtherExpensesAmt
PY Total Expenses$1,693,235PYTotalExpensesAmt
CY Total Expenses$2,387,656CYTotalExpensesAmt
PY Revenues Less Expenses$1,089,879PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,026,841CYRevenuesLessExpensesAmt
Total Assets BOY$44,434,469TotalAssetsBOYAmt
Total Assets EOY$47,386,036TotalAssetsEOYAmt
Total Liabilities BOY$37,305,073TotalLiabilitiesBOYAmt
Total Liabilities EOY$39,229,799TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,129,396NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,156,237NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO MEMBERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE CREDIT UNION PROVIDED CO-OPERATIVE FINANCIAL SERVICES TO APPROXIMATELY 4,365 MEMBERS IN 2022.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document466IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee16EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGREG JOHNSONPersonNm
Phone2085230090PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 HOOPES AVENUEAddressLine1Txt
CityIDAHO FALLSCityNm
State AbbreviationIDStateAbbreviationCd
ZIP83404ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ALVIN STALDER
CHAIRMAN1.00Yes (X)$0$0$0
MAX BOYCE
VICE CHAIR0.50Yes (X)$0$0$0
LINDA HOWELL
TREASURER0.50Yes (X)$0$0$0
JOHN VAN DYCK
SECRETARY0.50Yes (X)$0$0$0
KIRK DOMAN
DIRECTOR (THRU 11/22)0.50Yes (X)$0$0$0
BRANDON HART
DIRECTOR0.50Yes (X)$0$0$0
GREG JOHNSON
PRESIDENT/CEO45.00$219,306$0$14,989Yes (X)
JOSHUA JOHNSON
VP OF LENDING45.00$138,137$0$11,221Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$357,443TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$26,210TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FISERVBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 208457AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75320ZIPCd
FieldValueIRS element (for citing)
ServicesCORE PROCESSORServicesDesc
Compensation$132,527CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST INCOME522100$2,252,203$2,252,203
FEE INCOME522100$648,353$647,570$783
OTHER OPERATING INCOME522100$383,001$380,501$2,500
FieldValueIRS element (for citing)
Total Program Service Revenue$3,283,557TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$130,940TotalRevenueColumnAmt
Exclusion$130,940ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,414,497TotalRevenueColumnAmt
Related Or Exempt Func Income$3,280,274RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$3,283UnrelatedBusinessRevenueAmt
Exclusion$130,940ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$234,295TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$383,616TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$14,410TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$96,246TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$45,007TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,696TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$141,664TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,955TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$75,331TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$160,527TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$27,718TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,591TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,799TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$7TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$28,793TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$46,450TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROVISION FOR LOAN LOSS$634,944
DIVIDENDS ON MEMBER SHA$318,672
LOAN SERVICING$112,106
ASSOCIATION DUES$14,349

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$16,480TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,387,656TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$435,070BOYAmt
EOY$248,823EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,202,675BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$119,052BOYAmt
EOY$156,458EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$26,902,446BOYAmt
EOY$34,452,477EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$97,297BOYAmt
EOY$83,830EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$732,321LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$463,721LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$297,393BOYAmt
EOY$268,600EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$13,921,206BOYAmt
EOY$11,691,206EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$459,330BOYAmt
EOY$484,642EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$44,434,469BOYAmt
EOY$47,386,036EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$24,929BOYAmt
EOY$56,163EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$37,280,144BOYAmt
EOY$39,173,636EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$37,305,073BOYAmt
EOY$39,229,799EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$1,201,223BOYAmt
EOY$1,201,223EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$5,928,173BOYAmt
EOY$6,955,014EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,129,396BOYAmt
EOY$8,156,237EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$44,434,469BOYAmt
EOY$47,386,036EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,026,841ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$133,124OtherCostOrOtherBasisAmt
Book Value$133,124BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$465,723OtherCostOrOtherBasisAmt
Depreciation$340,654DepreciationAmt
Book Value$125,069BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$133,474OtherCostOrOtherBasisAmt
Depreciation$123,067DepreciationAmt
Book Value$10,407BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$268,600TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
TIME DEPOSITS$11,658,000C
PERPETUAL CONTRIBUTED CAPITAL$33,206C
FieldValueIRS element (for citing)
Total Book Value Securities$11,691,206TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBERS SHARE & SAVINGS ACCOUNTSDesc
Amt$39,173,636Amt
FieldValueIRS element (for citing)
Total Liability$39,173,636TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGREG JOHNSONPersonNm
TitlePRESIDENT/CEOTitleTxt
Base Compensation Filing Org$99,195BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$104,125BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$15,986OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$6,420DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$8,569NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$234,295TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THERE ARE APPROXIMATELY 4,365 MEMBERS THAT UTILIZE THE FINANCIAL SERVICES PROVIDED BY MEMBERS PREFERRED CREDIT UNION (MPCU). THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. THE MEMBERS APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. THE MEMBERS CAN RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION.
FORM 990, PART VI, SECTION A, LINE 7AMPCU MEMBERS ARE ENTITLED TO CAST A VOTE DURING THE ELECTION OF THE BOARD OF DIRECTORS. MEMBERS CONCERNS AND SUGGESTIONS ARE ALSO TAKEN INTO CONSIDERATION THROUGHOUT THE YEAR. MPCU LISTENS TO THE NEEDS OF ITS MEMBERS AND GEARS ITS SERVICES AND PROMOTIONS AROUND THOSE NEEDS.
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD OF DIRECTORS HAS ASSIGNED MANAGEMENT WITH THE RESPONSIBILITY OF ENSURING THAT FORM 990 IS ACCURATELY PREPARED AND TIMELY FILED. THE BOARD DOES REVIEW THE FORM 990 BEFORE IT IS FINALIZED. MANAGEMENT WORKS CLOSELY WITH ITS EXTERNAL ACCOUNTANT TO PREPARE FORM 990. MANAGEMENT PROVIDES THE INFORMATION, BOTH FINANCIAL AND NON-FINANCIAL, NECESSARY TO PREPARE THE FORM. MANAGEMENT AND THE BOARD ARE PROVIDED A COMPLETE COPY OF FORM 990 TO REVIEW AND SIGN. THE RETURN IS NOT FILED UNTIL THIS REVIEW IS COMPLETE AND THE NECESSARY SIGNITURE IS OBTAINED.
FORM 990, PART VI, SECTION B, LINE 12CMPCU CLOSELY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY. THIS IS DONE PRIMARILY BY THE BOARD OF DIRECTORS AT ITS MONTHLY BOARD MEETINGS. POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE BOARD AT THESE MEETINGS, AND AFFECTED BOARD MEMBERS ARE PRECLUDED FROM VOTING OR COMMENTING ON THE ITEM OR ISSUE.
FORM 990, PART VI, SECTION B, LINE 15MPCU USES A THIRD-PARTY SOFTWARE PROGRAM TO ASSIST IN DETERMINING THE COMPENSATION OF MANAGEMENT AND OTHER KEY EMPOLYEES. THE SOFTWARE, COMPEASE FROM KOKER GOODWIN & ASOCIATES, HAS BEEN DEVELOPED SPECIFICALLY FOR THE CREDIT UNION INDUSTRY. IT CONTAINS DETAILED COMPENSATION INFORMATION FOR CREDIT UNIONS THAT ARE SIMILAR IN SIZE TO MPCU AND ARE LOCATED IN OUR GEOGRAPHICAL AREA. BASED ON THE INFORMATION FROM COMPEASE, MANAGEMENT PROPOSES A COMPENSATION AMOUNT TO THE BOARD OF DIRECTORS. THE BOARD IS RESPONSIBLE FOR THE FINAL APPROVAL OR DISAPPROVAL OF THE PROPOSED COMPENSATION AMOUNT.
FORM 990, PART VI, SECTION C, LINE 19MPCU MAKES ITS INFORMATION AVAILABLE TO THE PUBLIC IN THE FOLLOWING WAYS: 1.) ANNUAL MEMBER MEETING TO DISCUSS FINANCIAL RESULTS OF OPERATIONS, POLICIES, AND PROCEDURES, AND ELECTION OF BOARD MEMBERS. 2.) FINANCIAL STATEMENTS ARE POSTED IN MPCU'S LOBBY ON A MONTHLY BASIS. 3.) SUMMARIZED FINANCIAL INFORMATION IS AVAILABLE ON MPCU'S WEBSITE. 4.) INDIVIDUAL REQUEST TO REVIEW GOVERNING DOCUMENTS AND POLICY/PROCEDURE MANUALS CAN BE MADE AT THE MAIN BRANCH.

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