2019-08-29T11:12:45-05:00 2018-12-31 431887384 STEPHEN LANG & ASSOCIATES LLC 14323 S OUTER 40 STE N205 CHESTERFIELD MO 63017 990 2018-01-01 431044975 MISSOURI ELECTRIC COOPERATIVE EMPLOYEES' CREDIT UNION MISS 5736342595 PO BOX 1586 JEFFERSON CITY MO 651021586 RANDY MARKS PRESIDENT 5736593406 2019-08-29 1 STEPHEN LANG P01203453 3142058601 97.87.82.114 2019-08-29 11:12:10 CD P DF81630E7C01E54DA6D3CC5C7C1702BCCB5963A3 90B5988E53CBDDD12AFD5F67CACC6EB659604036 2018 2019-02-21 02:37:17Z RANDY MARKS 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 9033424 0 X WWW.MECECU.COM X 1975 MO PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 9 9 17 12 2945 0 0 0 4955852 5582257 1226752 1337115 17440 18702 6200044 6938074 1000 1000 0 0 1493869 1603765 0 0 0 2773772 3706547 4268641 5311312 1931403 1626762 170060145 182504093 152139739 164000630 17920406 18503463 PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 10,517 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2018, THERE WERE 8,085 LOANS OUTSTANDING TOTALING $121,829,572. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,220,907 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 11985 0 1 17 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 PAULA PEEPER CHAIRMAN 1.00 X 0 0 0 DOUG KROESE VICE CHAIRMAN 1.00 X 0 0 0 JOAN HUCK SECRETARY/TREASURER 1.00 X 0 0 0 CATHY MCKAY DIRECTOR 1.00 X 0 0 0 RHONDA ROBISON DIRECTOR 1.00 X 0 0 0 LINDY LACHANCE DIRECTOR 1.00 X 0 0 0 RODAN ROMINE DIRECTOR 1.00 X 0 0 0 KENT BROWN DIRECTOR 1.00 X 0 0 0 MATT SHARP DIRECTOR 1.00 X 0 0 0 RANDY MARKS PRESIDENT 40.00 X 199470 0 83833 GARY BRUEMMER ACCOUNTANT 40.00 X 118239 0 51385 317709 0 135218 2 0 1 0 0 INTEREST ON LOANS 522100 4502155 4502155 FEES & OTHER INCOME 522100 1077157 1077157 WARRANTY SALES 524298 2700 2700 OTHER 900099 245 245 5582257 1377126 1377126 18702 18702 2050694 4645 2095350 0 -44656 4645 -40011 -40011 6938074 6935129 2945 0 1000 283303 851715 234958 159246 74543 5657 35467 401807 45869 174688 281001 38764 27720 39492 84384 13294 MEMBER DIVIDENDS 2220907 LOAN SERVICING 152107 ASSOCIATION DUES 36528 PROVISION FOR LOAN LOSS 16216 132646 5311312 83308 85031 810871 980553 16292 27622 108066477 121765709 370512 323629 1473844 620468 839657 853376 56829237 55891982 3043791 2576191 170060145 182504093 1516865 962751 2081077 1484517 148541797 161553362 152139739 164000630 X 0 0 0 0 17920406 18503463 17920406 18503463 170060145 182504093 1626762 -1043705 0 X 0 1 X 1 0 1037474 364691 672783 436370 255777 180593 853376 FHLB STOCK 269600 C NEGOTIABLE CERTIFICATES 17211784 F FEDERAL AGENCY SEC. 19362907 F MORTGAGE-BACKED SEC. 18466870 F US TREASURIES 486543 F MEMBERS MORT. SVCS., LLC 74278 C CU COOPERATIVE SYS., INC 20000 C 55891982 MEMBER SHARE DEPOSITS 161553362 161553362 X 6938074 0 6938074 0 6938074 5311312 0 5311312 0 5311312 Part X, Line 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE. AS PRESENTED IN TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. IN MANAGEMENT'S OPINION, THE CREDIT UNION HAS NO UNRELATED TAXABLE BUSINESS INCOME AND NO ACCRUAL HAS BEEN RECORDED. TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, THE ESTIMATED LIABILITY FOR ANY POTENTIAL TAX ASSESSMENT WOULD NOT HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. X X X 0 0 0 RANDY MARKS PRESIDENT 187050 0 10488 0 1932 0 55970 0 27863 0 283303 0 0 0 GARY BRUEMMER ACCOUNTANT 108729 0 8748 0 762 0 32912 0 18473 0 169624 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 BEFORE FILING; AND THEN 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.