STATE CHARTERED CREDIT UNIONS IN MS: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: STATE CHARTERED CREDIT UNIONS IN MS (EIN 64-0344965)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-06-27
IRS object ID: 201641799349300974
Schema version: 2015v2.1
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
Form 990
Schedule B
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-06-27T16:09:40-05:00	ReturnTs
Tax Period End	2015-12-31	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	BARFIELD MURPHY SHANK & SMITH LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1121 RIVERCHASE OFFICE RD	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35244	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	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	2016-06-09	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CYNTHIA A HUDSON CPA	PreparerPersonNm
PTIN	P00029332	PTIN
Phone	2059825500	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-09-27 15:27:22Z	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	$8,527,011	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	51	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$56,540	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$2,575	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$7,500	CYContributionsGrantsAmt
PY Program Service Revenue	$4,600,991	PYProgramServiceRevenueAmt
CY Program Service Revenue	$4,798,159	CYProgramServiceRevenueAmt
PY Investment Income	$378,614	PYInvestmentIncomeAmt
CY Investment Income	$245,867	CYInvestmentIncomeAmt
PY Other Revenue	$3,249,605	PYOtherRevenueAmt
CY Other Revenue	$3,475,382	CYOtherRevenueAmt
PY Total Revenue	$8,229,210	PYTotalRevenueAmt
CY Total Revenue	$8,526,908	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$2,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,590,300	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,726,550	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$4,370,129	PYOtherExpensesAmt
CY Other Expenses	$4,427,322	CYOtherExpensesAmt
PY Total Expenses	$6,960,429	PYTotalExpensesAmt
CY Total Expenses	$7,155,872	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,268,781	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,371,036	CYRevenuesLessExpensesAmt
Total Assets BOY	$87,979,023	TotalAssetsBOYAmt
Total Assets EOY	$95,157,368	TotalAssetsEOYAmt
Total Liabilities BOY	$73,502,622	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$79,308,831	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$14,476,401	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$15,848,537	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	16,266 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	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
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
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 With Officer Ent	0	BusinessRlnWithOfficerEntInd
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	2429	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	51	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
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 SENIOR 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 (13 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
ERNIE J HOPKINS
DIRECTOR	1.00	Yes (X)	$0	$0	$0
BARBARA MANGUM
BOARD SECRETARY	1.00	Yes (X)	$0	$0	$0
OSCAR POPE
BOARD VICE-CHAIRMAN	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		$203,087	$0	$16,697	Yes (X)
KAREN ROOT
SENIOR VICE PRESIDENT	40.00		$139,165	$0	$10,092	Yes (X)
SUSAN BOSHART
SENIOR VICE PRESIDENT	40.00		$130,728	$0	$10,057	Yes (X)
MALEIGH COFFEY
VICE PRESIDENT	40.00		$88,727	$0	$9,665	Yes (X)
LADONNA JACOBS
VICE PRESIDENT	40.00		$98,837	$0	$10,130	Yes (X)
LEAH ROARK
VICE PRESIDENT	40.00		$76,526	$0	$6,286	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$737,070	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$62,927	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 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	$390,822
BANCVUE
4516 SEATON PARKWAY SUITE 300	AUSTIN	TX	78759	REWARD CHECKING PRODUCTS & MARKETING	$131,511
FISERV
255 FISERV DR	BROOKFIELD	WI	53045	ATM PROCESSING	$113,568

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	3	CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIII	Yes (X)	InfoInScheduleOPartVIIIInd
Government Grants	$7,500	GovernmentGrantsAmt
Total Contributions	$7,500	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	LOAN INTEREST INCOME	Desc
Business	522130	BusinessCd
Total Revenue Column	$4,798,159	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,798,159	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$4,798,159	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$245,970	TotalRevenueColumnAmt
Exclusion	$245,970	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$29,326	TotalRevenueColumnAmt
Exclusion	$29,326	ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$103	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$103	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$103	TotalRevenueColumnAmt
Exclusion	-$103	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ACCOUNT SERVICE AND CH	522130	$1,945,470	$1,945,470
ACH FEE INCOME	522130	$525,716	$525,716
DEBIT AND CREDIT CARD	522130	$256,854	$256,854

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$718,016	TotalRevenueColumnAmt
Related Or Exempt Func Income	$661,476	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$56,540	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$3,446,056	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,526,908	TotalRevenueColumnAmt
Related Or Exempt Func Income	$8,187,675	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$56,540	UnrelatedBusinessRevenueAmt
Exclusion	$275,193	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$2,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$799,997	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,390,587	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$79,367	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$291,715	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$164,884	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$29,722	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$8,747	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$32,710	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$45,347	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$254,106	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$492,556	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$84,700	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$275,022	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$25,012	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$5,755	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$600,212	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$244,554	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$97,145	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
BAD DEBTS	$1,053,674
DATA PROCESSING	$376,708
OUTSIDE SERVICES	$263,272
ATM EXPENSE	$212,300

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$325,780	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,155,872	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,351,272	BOYAmt
EOY	$3,425,391	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$25,820,425	BOYAmt
EOY	$31,897,556	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$1,690,465	BOYAmt
EOY	$1,901,383	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$48,755,152	BOYAmt
EOY	$50,662,059	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$311,009	BOYAmt
EOY	$313,304	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$7,936,999	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,042,081	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$6,040,744	BOYAmt
EOY	$5,894,918	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$10,620	BOYAmt
EOY	$16,444	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$999,336	BOYAmt
EOY	$1,046,313	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$87,979,023	BOYAmt
EOY	$95,157,368	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,372,374	BOYAmt
EOY	$1,270,547	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$72,130,248	BOYAmt
EOY	$78,038,284	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$73,502,622	BOYAmt
EOY	$79,308,831	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

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	$14,476,401	BOYAmt
EOY	$15,848,537	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$14,476,401	BOYAmt
EOY	$15,848,537	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$87,979,023	BOYAmt
EOY	$95,157,368	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,371,036	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$2,572	NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments	$3,672	PriorPeriodAdjustmentsAmt
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 B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

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	$5,331,246	OtherCostOrOtherBasisAmt
Depreciation	$1,030,220	DepreciationAmt
Book Value	$4,301,026	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,294,241	OtherCostOrOtherBasisAmt
Depreciation	$1,011,861	DepreciationAmt
Book Value	$282,380	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$5,894,918	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER DEPOSITS	Desc
Amt	$78,038,284	Amt

Field	Value	IRS element (for citing)
Total Liability	$78,038,284	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

Field	Value	IRS element (for citing)
Person	MITZI TATE	PersonNm
Title	PRESIDENT/CEO	TitleTxt
Base Compensation Filing Org	$155,405	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$35,787	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$11,895	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$6,996	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$9,701	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$219,784	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

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: LORI MOAK $486.70 DOCK E. GRAVES $575 OSCAR POPE $575 MARY WASHINGTON-GARNER $575 THESE PAYMENTS DID NOT MEET THE 1099-MISC FILING REQUIREMENT.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (45 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)
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)
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)
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	$1,901,383	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 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 4TH QUARTER NEWSLETTER PRIOR TO THE FOLLOWING 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. IT IS THE DUTY OF THE NOMINATING COMMITTEE TO REVIEW THE SUBMISSIONS AND DETERIMINE 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 1ST QUARTER NEWSLETTER, AND IN FEBRUARY, BALLOTS LISTING THE NOMINEES WILL BE MAILED 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 11	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 VIII, LINE 1E	NCUA FRAUD AND CYBER SECURITY GRANT INCOME
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, 2015 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, 2015 MEMBERS EXCHANGE CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).