STATE CHARTERED CREDIT UNIONS IN MS: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- STATE CHARTERED CREDIT UNIONS IN MS (EIN 64-0344965)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-06-29
- IRS object ID
- 202021819349300847
- Schema version
- 2019v5.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-06-29T11:16:36-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 461498870 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BMSS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1121 RIVERCHASE OFFICE ROAD | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640344965 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE CHARTERED CREDIT UNIONS IN MS | BusinessNameLine1Txt |
| Business Name Line2 | MEMBERS EXCHANGE CREDIT UNION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STAT | BusinessNameControlTxt |
| Phone | 6019234324 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31049 | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 392861049 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MITZI TATE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 6019223350 | PhoneNum |
| Signature | 2020-06-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | D SCOTT STEVENS CPA | PreparerPersonNm |
| PTIN | P00362431 | PTIN |
| Phone | 2059825500 | PhoneNum |
| Preparation | 2020-06-29 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 107.146.172.105 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-06-29 | IPDt |
| IP Tm | 11:16:32 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 040BF6FB2A94701B91188B97DA4E760B2E21EB6C | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2020-04-17 16:48:07Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEMBERS EXCHANGE CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MITZI TATE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31049 | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 392861049 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,984,218 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MECUANYWHERE.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1954 | FormationYr |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 52 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $36,840 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,201,430 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,770,456 | CYProgramServiceRevenueAmt |
| PY Investment Income | $808,461 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,005,417 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,280,921 | PYOtherRevenueAmt |
| CY Other Revenue | $4,208,345 | CYOtherRevenueAmt |
| PY Total Revenue | $10,290,812 | PYTotalRevenueAmt |
| CY Total Revenue | $9,984,218 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,520 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,351 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,301,936 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,432,218 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,351,573 | PYOtherExpensesAmt |
| CY Other Expenses | $5,781,154 | CYOtherExpensesAmt |
| PY Total Expenses | $9,658,029 | PYTotalExpensesAmt |
| CY Total Expenses | $9,219,723 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $632,783 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $764,495 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $113,716,272 | TotalAssetsBOYAmt |
| Total Assets EOY | $112,227,220 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $93,825,696 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $91,517,807 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,890,576 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $20,709,413 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | 15,571 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2718 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 52 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN BOSHART EXECUTIVE VICE PRESIDENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6019234324 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 107 MARKETRIDGE DRIVE | AddressLine1Txt |
| City | RIDGELAND | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39157 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| KENNETH ALLISON | ||||||
| BOARD CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | |
| OSCAR POPE | ||||||
| BOARD VICE-CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BARBARA MANGUM | ||||||
| BOARD SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ERNIE HOPKINS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARY WASHINGTON-GARNER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DOCK E GRAVES | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LORI MOAK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MITZI TATE | ||||||
| PRESIDENT/CEO | 40.00 | $308,918 | $0 | $29,958 | Yes (X) | |
| KAREN ROOT | ||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | $196,873 | $0 | $18,089 | Yes (X) | |
| SUSAN BOSHART | ||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | $178,030 | $0 | $17,992 | Yes (X) | |
| MALEIGH COFFEY | ||||||
| VICE PRESIDENT | 40.00 | $108,516 | $0 | $16,053 | Yes (X) | |
| LADONNA JACOBS | ||||||
| VICE PRESIDENT | 40.00 | $110,645 | $0 | $16,633 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $902,982 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $98,725 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MEMBER DRIVEN TECHNOLOGIES | |||||
| 7415 CHICAGO RD | WARREN | MI | 48092 | DATA PROCESSING | $422,318 |
| JACK HENRY (CPS) | |||||
| 633 W HIGHWAY 60 | MONETT | MO | 65708 | DEBIT/CREDIT/ATM PROCESSING | $319,590 |
| BANCVUE | |||||
| 4516 SEATON PARKWAY SUITE 300 | AUSTIN | TX | 78759 | REWARD CHECKING PRODUCTS & MARKETING | $211,886 |
| LSI | |||||
| 2200 POINT BLVD | ELGIN | IL | 60123 | OUTSOURCED CALL AND LENDER CENTER | $153,965 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN INTEREST INCOME | Desc |
| Business | 522130 | BusinessCd |
| Total Revenue Column | $4,770,456 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,770,456 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,770,456 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,005,417 | TotalRevenueColumnAmt |
| Exclusion | $1,005,417 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,555 | TotalRevenueColumnAmt |
| Exclusion | $36,555 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ACCOUNT SERVICE AND CHARGES | 522130 | $2,082,669 | $2,082,669 |
| ACH FEE INCOME | 522130 | $829,927 | $829,927 |
| INTERCHANGE ACCOUNT CHARGES | 522130 | $556,940 | $556,940 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $702,254 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $665,414 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $36,840 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,171,790 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,984,218 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,905,406 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $36,840 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,041,972 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,351 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,001,707 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,746,327 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,915 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,082 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,187 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,632 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,155 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,133 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $337,438 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $529,558 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,205 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $322,638 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,868 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,644 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $913,507 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $216,243 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,565 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| BAD DEBTS | $1,374,934 |
| DATA PROCESSING | $707,974 |
| OUTSIDE SERVICES | $293,106 |
| CHARGE OFF SHARE FEES | $148,616 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $358,938 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,219,723 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,052,712 | BOYAmt |
| EOY | $2,783,085 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,974,056 | BOYAmt |
| EOY | $43,763,333 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,447,302 | BOYAmt |
| EOY | $2,782,302 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,969,917 | BOYAmt |
| EOY | $55,619,244 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $356,367 | BOYAmt |
| EOY | $388,594 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,183,251 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,752,498 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,528,883 | BOYAmt |
| EOY | $5,430,753 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,134 | BOYAmt |
| EOY | $25,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,339,901 | BOYAmt |
| EOY | $1,434,909 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,716,272 | BOYAmt |
| EOY | $112,227,220 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,205,976 | BOYAmt |
| EOY | $1,305,569 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,619,720 | BOYAmt |
| EOY | $90,212,238 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,825,696 | BOYAmt |
| EOY | $91,517,807 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,890,576 | BOYAmt |
| EOY | $20,709,413 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,890,576 | BOYAmt |
| EOY | $20,709,413 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,716,272 | BOYAmt |
| EOY | $112,227,220 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $764,495 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $54,342 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,311,512 | OtherCostOrOtherBasisAmt |
| Book Value | $1,311,512 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,417,900 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,559,361 | DepreciationAmt |
| Book Value | $3,858,539 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,453,839 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,193,137 | DepreciationAmt |
| Book Value | $260,702 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,430,753 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER DEPOSITS | Desc |
| Amt | $90,212,238 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $90,212,238 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MITZI TATE | ||||||||||||||
| PRESIDENT/CEO | $207,638 | $0 | $52,621 | $0 | $48,659 | $0 | $19,063 | $0 | $10,895 | $0 | $338,876 | $0 | $0 | $0 |
| KAREN ROOT | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $141,851 | $0 | $19,364 | $0 | $35,658 | $0 | $12,069 | $0 | $6,020 | $0 | $214,962 | $0 | $0 | $0 |
| SUSAN BOSHART | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $141,851 | $0 | $18,817 | $0 | $17,362 | $0 | $11,972 | $0 | $6,020 | $0 | $196,022 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | THE CREDIT UNION REIMBURSES UP TO $425 FOR A TRAVEL COMPANION'S AIRLINE TICKET AND $150 FOR A TRAVEL COMPANION'S BAGGAGE. THE FOLLOWING BOARD MEMBERS RECEIVED REIMBURSEMENT FOR A TRAVEL COMPANION'S TICKET AND BAGGAGE AS DESCRIBED ABOVE: MARY WASHINGTON-GARNER $575 BARBARA MANGUM $575 DOCK GRAVES $575 THESE PAYMENTS DID NOT MEET THE 1099-MISC FILING REQUIREMENT. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (54 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $72,000 | $72,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $250,000 | $250,000 | 0 | Yes (1) | Yes (1) |
| MITZI TATE | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $250,000 | $250,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| KAREN ROOT | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $75,000 | $75,000 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $24,000 | $24,000 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,598 | $23,598 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,598 | $23,598 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,598 | $23,598 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,597 | $23,597 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,597 | $23,597 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,597 | $23,597 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,598 | $23,598 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,598 | $23,598 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $23,598 | $23,598 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $85,000 | $85,000 | 0 | Yes (1) | Yes (1) |
| SUSAN BOSHART | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $85,000 | $85,000 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $26,000 | $26,000 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $26,000 | $26,000 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $26,000 | $26,000 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $26,000 | $26,000 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $25,321 | $25,321 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $25,321 | $25,321 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $25,320 | $25,320 | 0 | Yes (1) | Yes (1) |
| MALEIGH HALFORD | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $25,320 | $25,320 | 0 | Yes (1) | Yes (1) |
| MALEIGH COFFEY | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $25,320 | $25,320 | 0 | Yes (1) | Yes (1) |
| MALEIGH COFFEY | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $25,321 | $25,321 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| LADONNA JACOBS | |||||||
| OFFICER | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | Yes (X) | $15,000 | $15,000 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,782,302 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS EXCHANGE CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. MEMBERSHIP IS OPEN TO PERSONS WHO LIVE, WORK, WORSHIP, VOLUNTEER OR ATTEND SCHOOL IN COPIAH, HINDS, MADISON, RANKIN, OR SIMPSON COUNTIES IN MISSISSIPPI. IMMEDIATE FAMILY OF THE CREDIT UNION'S MEMBERS AND THE BUSINESSES AND OTHER LEGAL ENTITIES OF MEMBERS ARE ALSO ELIGIBLE TO BECOME MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CREDIT UNION WILL CALL FOR NOMINEES FROM THE MEMBERSHIP IN THE CREDIT UNION'S 2ND QUARTER NEWSLETTER AFTER THE CURRENT YEAR'S ANNUAL MEETING. ANYONE INTERESTED IN SERVING WILL SUBMIT A BRIEF BIOGRAPHY DETAILING WHY HE/SHE WOULD LIKE TO SERVE ON THE BOARD. APPROXIMATELY NINETY DAYS PRIOR TO EACH ANNUAL MEETING, THE CHAIRMAN OF THE BOARD OF DIRECTORS APPOINTS A NOMINATING COMMITTEE OF THREE OR MORE MEMBERS THAT ARE NOT CURRENTLY UP FOR RE-ELECTION. IT IS THE DUTY OF THE NOMINATING COMMITTEE TO REVIEW THE SUBMISSIONS AND DETERMINE ELIGIBILITY. THEY WILL THEN NOMINATE AT LEAST ONE MEMBER FOR EACH BOARD VACANCY, INCLUDING ANY UNEXPIRED TERM VACANCY, FOR WHICH THE ELECTIONS ARE BEING HELD. THE NOMINATING COMMITTEE WILL THEN PUBLISH THE NOMINEES IN THE 4TH QUARTER NEWSLETTER, AND IN FEBRUARY, BALLOTS LISTING THE NOMINEES WILL BE DELIVERED TO THE MEMBERS. ONCE RETURNED, ALL VOTES WILL BE DETERMINED BY PLURALITY VOTE, AND SHALL BE BY BALLOT EXCEPT WHERE THERE IS ONLY ONE NOMINEE FOR THE OFFICE. ELECTIONS MAY BE BY SEPARATE BALLOTS FOLLOWING THE SAME ORDER AS THE ABOVE NOMINATIONS OR, IF PREFERRED, MAY BE ONE BALLOT FOR ALL OFFICES. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS TAKE PART IN THE VOTING PROCESS FOR DIRECTORS SERVING ON THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | UPON COMPLETION OF MEMBERS EXCHANGE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE STAFF AND BOARD AT MEMBERS EXCHANGE CREDIT UNION REVIEW AND SIGN A CONFLICT OF INTEREST FORM ON A YEARLY BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR OFFICERS, EMPLOYEES AND TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. MEMBERS EXCHANGE CREDIT UNION CONTRACTS WITH A COMPENSATION AND PERFORMANCE CONSULTING FIRM AS PART OF THE PROCESS FOR DETERMINING COMPENSATION. THE CONSULTING FIRM PROVIDES THE CREDIT UNION WITH PERFORMANCE AND COMPENSATION SOFTWARE WHICH IS USED TO OBTAIN INFORMATION REGARDING SALARY RANGES FOR VARIOUS POSITIONS. THE SOFTWARE CONTAINS SALARY RANGE DATA OF SIMILAR INSTITUTIONS OF SIMILAR SIZE AND LOCATION. FROM THIS DATA, THE CREDIT UNION'S SALARY RANGES ARE UPDATED FOR THE CURRENT YEAR. ONCE UPDATED, THE RANGES ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PERFORMS THE PRESIDENT/CEO'S PERFORMANCE EVALUATION ANNUALLY. THEY REPORT TO THE ENTIRE BOARD OF DIRECTORS, WHO THEN VOTE ON A MERIT INCREASE PERCENTAGE. THE PRESIDENT/CEO IS THEN RESPONSIBLE FOR OVERSEEING ALL OTHER EMPLOYEE EVALUATIONS AND ANNUAL MERIT INCREASES. |
| FORM 990, PART VI, SECTION C, LINE 19 | MEMBERS EXCHANGE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2: | THE FINANCIAL STATEMENTS AND DATA OF MEMBERS EXCHANGE CREDIT UNION ARE EXAMINED EVERY 18 MONTHS BY THE MISSISSIPPI STATE DEPARTMENT OF BANKING AND CONSUMER FINANCE AS WELL AS THE NATIONAL CREDIT UNION ASSOCIATION. THESE ORGANIZATIONS EXAMINE THE CREDIT UNION'S FINANCIAL DATA THROUGH ACCESS TO VARIOUS FINANCIAL REPORTS AND INFORMATION. IN ADDITION TO THESE EXAMINATIONS, MEMBERS EXCHANGE CREDIT UNION ENGAGES AN INDEPENDENT ACCOUNTING FIRM TO PERFORM QUARTERLY SUPERVISORY COMMITTEE AUDITS. THE ACCOUNTING FIRM ALSO PERFORMS ANNUAL AGREED UPON PROCEDURES ON THE CREDIT UNION'S FINANCIAL STATEMENTS. THESE PROCEDURES ARE NOT SUFFICIENT TO EXPRESS AN OPINION. |
| SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION | MEMBERS EXCHANGE CREDIT UNION PO BOX 31049 JACKSON, MS 39286-1049 EMPLOYER IDENTIFICATION NUMBER: 64-0344965 FOR THE YEAR ENDING DECEMBER 31, 2019 MEMBERS EXCHANGE CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). |
| SECTION 1.263(A)-3(N) ELECTION | MEMBERS EXCHANGE CREDIT UNION PO BOX 31049 JACKSON, MS 39286-1049 EMPLOYER IDENTIFICATION NUMBER: 64-0344965 FOR THE YEAR ENDING DECEMBER 31, 2019 MEMBERS EXCHANGE CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N). |
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