2022-08-03T14:50:21-05:00 2021-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2021-01-01 431044975 MISSOURI ELECTRIC COOPERATIVE EMPLOYEES' CREDIT UNION MISS 5736342595 PO BOX 1586 JEFFERSON CITY MO 651021586 RANDY MARKS PRESIDENT 5736593406 2022-08-03 1 RANDY MARKS 999009999 GERALD TENBRINK P00638199 9138946214 2022-07-19 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z RANDY MARKS 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 10563268 0 X WWW.MECECU.COM X 1975 MO PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 9 9 19 12 2850 0 0 0 8091155 8224775 1318455 1414401 18798 18894 9428408 9658070 500 500 0 0 1856356 1936593 0 0 0 4604674 4151843 6461530 6088936 2966878 3569134 248024828 280806125 220028286 251578421 27996542 29227704 PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 11,915 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 8,992 LOANS OUTSTANDING TOTALING $172,464,928. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,538,428 FOR THE YEAR. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12736 0 1 19 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 0 1 0 1 1 X GARY BRUEMMER 5736342595 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 JOAN HUCK CHAIRPERSON 1.00 X 0 0 0 MATT SHARP VICE CHAIRPERSON 1.00 X 0 0 0 KENT BROWN SECRETARY/TREASURER 1.00 X 0 0 0 RHONDA ROBISON DIRECTOR 1.00 X 0 0 0 TIM SHAFER DIRECTOR 1.00 X 0 0 0 CODY EAVES DIRECTOR 1.00 X 0 0 0 CATHY MCKAY DIRECTOR 1.00 X 0 0 0 SEAN FRIEND DIRECTOR 1.00 X 0 0 0 DENISE STEVENS DIRECTOR 1.00 X 0 0 0 PAULA PEEPER DIRECTOR (RETIRED) 1.00 X 0 0 0 RANDY MARKS PRESIDENT 40.00 X 231551 0 72996 GARY BRUEMMER ACCOUNTANT 40.00 X 134133 0 54042 JAY ERNST SENIOR LOAN OFFICER 40.00 X 114937 0 50148 480621 0 177186 3 0 1 0 0 INTEREST ON LOANS 522100 6418981 6418981 FEES & OTHER INCOME 522100 1802944 1802944 WARRANTY SALES 524298 2850 2850 8224775 1407376 1407376 18894 18894 912223 905198 7025 7025 7025 9658070 9655220 2850 0 500 304547 1036049 286057 220593 89347 9014 39194 321179 65288 193464 345366 34150 22988 3115 79077 15565 MEMBER DIVIDENDS 2538428 LOAN SERVICING 283652 ASSOCIATION DUES 42236 PROVISION FOR LOAN LOSS 19991 139136 6088936 639270 300617 2501900 2278230 19199 18927 165729328 172438213 748617 614604 1477453 786700 750951 690753 69200369 100021370 8435194 4443411 248024828 280806125 934308 864630 2500000 219093978 248213791 220028286 251578421 X 0 0 0 0 27996542 29227704 27996542 29227704 248024828 280806125 3569134 -2337972 0 X 0 1 X 1 0 1037474 443329 594145 439979 343371 96608 690753 FHLB STOCK 420700 C NEGOTIABLE CERTIFICATES 20313112 F FEDERAL AGENCY SEC. 18337025 F MORTGAGE-BACKED SEC. 48843709 F US TREASURIES 3798277 F MUNICIPAL BONDS 8112361 F MEMBERS MORT. SVCS., LLC 176186 C CU COOPERATIVE SYS., INC 20000 C 100021370 MEMBER SHARE DEPOSITS 248213791 248213791 X 9658070 0 9658070 0 9658070 6088936 0 6088936 0 6088936 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE (IRC) OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME AND SUBSIDIARIES ARE SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2021 AND DECEMBER 31, 2020. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS ON DECEMBER 31, 2021 AND 2020. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. X X X 0 0 0 RANDY MARKS PRESIDENT 213245 0 14973 0 3333 0 42977 0 30019 0 304547 0 0 0 GARY BRUEMMER ACCOUNTANT 123465 0 9792 0 876 0 25437 0 28605 0 188175 0 0 0 JAY ERNST SENIOR LOAN OFFICER 105922 0 7875 0 1140 0 21887 0 28261 0 165085 0 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON VARIOUS INFORMATION, INCLUDING SALARY SURVEYS AND COMPARABILITY DATA. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY MANAGEMENT AND PRESENTED TO THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON VARIOUS INFORMATION, INCLUDING SALARY SURVEYS AND COMPARABILITY DATA. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. THE NCUA WEBSITE ALSO POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST.