2014-09-15T13:31:49-05:00 2013-12-31 431887384 STEPHEN LANG & ASSOCIATES LLC 14323 S OUTER 40 STE N205 CHESTERFIELD MO 63017 990 2013-01-01 431044975 MISSOURI ELECTRIC COOPERATIVE EMPLOYEES' CREDIT UNION MISS 5736342595 PO BOX 1586 JEFFERSON CITY MO 651021586 RANDY MARKS PRESIDENT 5736593406 2014-09-15 1 P01203453 3142058601 2013 2015-11-30 17:44:51Z RANDY MARKS 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 9148278 0 X WWW.MECECU.COM X 1975 MO PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 9 9 16 12 1500 -43365 0 0 4450725 4116375 654031 790279 14765 16385 5119521 4923039 0 0 0 0 1049267 1125829 0 0 0 2858635 2740032 3907902 3865861 1211619 1057178 126896326 139828287 114870620 127764792 12025706 12063495 PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 8,676 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2013, THERE WERE 6,401 LOANS OUTSTANDING TOTALING $77,262,860. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,780,872 FOR THE YEAR. 0 0 0 0 0 0 0 0 0 1 0 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 8847 0 1 16 1 1 1 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 1 0 X GARY BRUEMMER 5736342595 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 CATHY MCKAY CHAIRMAN 1.00 X 0 0 0 KENT BROWN VICE CHAIRMAN 1.00 X 0 0 0 PAULA PEEPER SECRETARY/TREASURER 1.00 X 0 0 0 ROBERTA BERGER 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 MICHAEL KING DIRECTOR 1.00 X 0 0 0 JOAN DONZE DIRECTOR 1.00 X 0 0 0 RANDY MARKS PRESIDENT 40.00 X 134178 0 54961 134178 0 54961 1 0 1 0 0 INTEREST ON LOANS 522100 3487130 3487130 FEES & OTHER INCOME 522100 627745 627745 WARRANTY SALES 522100 1500 1500 4116375 771346 771346 16385 16385 3944345 299827 3925239 300000 19106 -173 18933 18933 4923039 4921539 1500 0 189139 586484 169530 126012 54664 1031 28555 259950 20355 109870 85000 32733 21887 2471 52182 10198 MEMBER DIVIDENDS 1780872 LOAN SERVICING 165639 NCUSIF ASSESSMENTS 93191 PROVISION FOR LOAN LOSS -40701 116799 3865861 160545 79184 23857773 21323390 5339 155901 73297722 77156036 52182 463814 1239671 409581 875489 830090 26865152 37916966 1782124 1902906 126896326 139828287 375555 892226 294436 114495065 126578130 114870620 127764792 X 0 0 0 0 12025706 12063495 12025706 12063495 126896326 139828287 1057178 -1019389 0 X 0 1 X 1 0 1013848 236564 777284 3284 640 2644 222539 172377 50162 830090 MEMBER SHARE DEPOSITS 126578130 126578130 X 4923039 0 4923039 0 4923039 3865861 0 3865861 0 3865861 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 TAX 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 133182 0 0 0 996 0 34652 0 20309 0 189139 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 SIGNIFICANT CHANGES SUCH AS MERGERS AND CHANGES TO THE BY-LAWS 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 11 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 15 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.