2021-07-19T13:59:44-05:00 2020-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 66061 990 2020-01-01 431044975 MISSOURI ELECTRIC COOPERATIVE EMPLOYEES' CREDIT UNION MISS 5736342595 PO BOX 1586 JEFFERSON CITY MO 651021586 RANDY MARKS PRESIDENT 5736593406 2021-07-19 1 RANDY MARKS 999009999 GERALD TENBRINK P00638199 9138946214 2021-07-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RANDY MARKS 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 9663408 0 X WWW.MECECU.COM X 1975 MO PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 9 9 21 12 2850 0 0 0 7913709 8091155 30848 1318455 18285 18798 7962842 9428408 500 500 0 0 1745072 1856356 0 0 0 4129999 4604674 5875571 6461530 2087271 2966878 208017874 248024828 184871092 220028286 23146782 27996542 PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 11,454 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2020, THERE WERE 8,943 LOANS OUTSTANDING TOTALING $165,773,178. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,988,548 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 12657 0 1 21 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 CHAIRMAN 1.00 X 0 0 0 MATT SHARP VICE CHAIRMAN 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 PAULA PEEPER DIRECTOR 1.00 X 0 0 0 DENISE STEVENS DIRECTOR 1.00 X 0 0 0 RANDY MARKS PRESIDENT 40.00 X 220099 0 93792 GARY BRUEMMER ACCOUNTANT 40.00 X 128435 0 66143 JAY ERNST SENIOR LOAN OFFICER 40.00 X 109895 0 60606 458429 0 220541 3 0 1 0 0 INTEREST ON LOANS 522100 6187356 6187356 FEES & OTHER INCOME 522100 1900949 1900949 WARRANTY SALES 524298 2850 2850 8091155 1314056 1314056 18798 18798 239399 235000 4399 4399 4399 9428408 9425558 2850 0 500 313891 992661 262231 202799 84774 2360 40556 331192 60624 182905 305352 98799 20096 5329 91727 14334 MEMBER DIVIDENDS 2988548 LOAN SERVICING 312527 ASSOCIATION DUES 39962 PROVISION FOR LOAN LOSS -9320 119683 6461530 555448 639270 737253 2501900 27720 19199 145643602 165729328 301005 748617 1458574 707623 781252 750951 56022871 69200369 3948723 8435194 208017874 248024828 722643 934308 3837970 180310479 219093978 184871092 220028286 X 0 0 0 0 23146782 27996542 23146782 27996542 208017874 248024828 2966878 1882882 0 X 0 1 X 1 0 1037474 417116 620358 421100 290507 130593 750951 FHLB STOCK 292200 C NEGOTIABLE CERTIFICATES 21890749 F FEDERAL AGENCY SEC. 12089389 F MORTGAGE-BACKED SEC. 29937858 F US TREASURIES 514746 F MUNICIPAL BONDS 4342918 F MEMBERS MORT. SVCS., LLC 112509 C CU COOPERATIVE SYS., INC 20000 C 69200369 MEMBER SHARE DEPOSITS 219093978 219093978 X 9428408 0 9428408 0 9428408 6461530 0 6461530 0 6461530 Part X, Line 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF BUSINESS ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSE. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON UNRELATED BUSINESS INCOME. THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC740-10-25, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN, SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CREDIT UNION MAY RECOGNIZE THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING INTERIM PERIODS. THIS STANDARD DID NOT HAVE AN IMPACT ON THE FINANCIAL STATEMENTS, AND THE CREDIT UNION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY AUTHORITIES FOR YEARS BEFORE 2017. X X X 0 0 0 RANDY MARKS PRESIDENT 203018 0 13835 0 3246 0 63777 0 30015 0 313891 0 0 0 GARY BRUEMMER ACCOUNTANT 117396 0 10209 0 830 0 37714 0 28429 0 194578 0 0 0 JAY ERNST SENIOR LOAN OFFICER 100660 0 8517 0 718 0 32501 0 28105 0 170501 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.