MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC (EIN 52-0284053)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-13
IRS object ID
201313179349301041
Schema version
2012v2.1
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

FieldValueIRS element (for citing)
Timestamp2013-11-13T10:56:49-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN420714325EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MCGLADREY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1801 NICOLLET MALL SUITE 1100AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN520284053EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MUNICIPAL EMPLOYEES CREDIT UNION OFBusinessNameLine1
Business Name Line2BALTIMORE INCBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlMUNINameControl
Phone4107528313Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line17 E REDWOOD STREETAddressLine1
CityBALTIMORECity
StateMDState
ZIP Code21202ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameNATALIE J WOOMERName
TitleVP/CONTROLLERTitle
Phone4107528313Phone
Date Signed2013-11-12DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameGERALD B KISSELLName
PTINP00092658PTIN
Phone6123324300Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

Doing Business As DoingBusinessAs

FieldValueIRS element (for citing)
Business Name Line1MECU OF BALTIMORE INCBusinessNameLine1
FieldValueIRS element (for citing)
Name Of Principal Officer PersonBERT J HASH JRNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line17 E REDWOOD STREETAddressLine1
CityBALTIMORECity
StateMDState
ZIP Code21202ZIPCode
FieldValueIRS element (for citing)
Gross Receipts163960101GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.MECU.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1936YearFormation
State Legal DomicileMDStateLegalDomicile
Activity Or Mission DescriptionMECU IS A CREDIT UNION WHICH PROVIDES A FULL ARRAY OF FINANCIAL SERVICES TO ITS MEMBER OWNERS.ActivityOrMissionDescription
Nbr Voting Members Governing Body12NbrVotingMembersGoverningBody
Nbr Independent Voting Members12NbrIndependentVotingMembers
Total Nbr Employees349TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI297294TotalGrossUBI
Net Unrelated Business Txbl Income18917NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year58624503ProgramServiceRevenuePriorYear
Program Service Revenue CY59713519ProgramServiceRevenueCY
Investment Income Prior Year9632792InvestmentIncomePriorYear
Investment Income Current Year9294651InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year68257295TotalRevenuePriorYear
Total Revenue Current Year69008170TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY181214GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year15614879BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY13984081BenefitsPaidToMembersCY
Salaries Etc Prior Year20338571SalariesEtcPriorYear
Salaries Etc Current Year21815965SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year30176365OtherExpensePriorYear
Other Expenses Current Year28457931OtherExpensesCurrentYear
Total Expenses Prior Year66129815TotalExpensesPriorYear
Total Expenses Current Year64439191TotalExpensesCurrentYear
Revenues Less Expenses Prior Year2127480RevenuesLessExpensesPriorYear
Revenues Less Expenses CY4568979RevenuesLessExpensesCY
Total Assets BOY1124196951TotalAssetsBOY
Total Assets EOY1195519510TotalAssetsEOY
Total Liabilities BOY1004763273TotalLiabilitiesBOY
Total Liabilities EOY1068028787TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY119433678NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY127490723NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO PROVIDE MEMBERS WITH HIGH QUALITY FINANCIAL SERVICES THROUGH SOUND MANAGEMENT AND INNOVATION.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionMECU MAKES A VARIETY OF TYPES OF LOANS TO ITS MEMBERS INCLUDING MORTGAGE, HOME EQUITY, VEHICLE, CREDIT CARD AND UNSECURED LOANS AT VERY COMPETITIVE INTEREST RATES. THERE WERE 52,374 OUTSTANDING LOANS TOTALING $650 MILLION AT 12/31/12. IN 2012, MECU REFUNDED OVER $2 MILLION OF THE INTEREST THAT ITS MEMBERS PAID ON LOANS DURING THE YEAR. IT WAS THE 31ST CONSECUTIVE YEAR THAT MECU HAS RETURNED MONEY TO ITS MEMBERS IN THE FORM OF A LOAN INTEREST REBATE.Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionMECU PROVIDES ITS 103,618 MEMBERS WITH THE MEANS TO SAVE MONEY. MECU OFFERS SHARE SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT, IRA, EDUCATIONAL SAVINGS AND MONEY MARKET ACCOUNTS. IN ADDITIONAL TO PAYING VERY COMPETITIVE DIVIDEND AND INTEREST RATES ON ITS SAVINGS PRODUCTS, MECU HAS ALSO PAID AN EXTRAORDINARY DIVIDEND TO ITS MEMBERS FOR THE LAST 31 CONSECUTIVE YEARS. MECU PAID $1.97 MILLION IN EXTRAORDINARY DIVIDENDS TO ITS MEMBERS IN 2012.Description

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionIN 2012, MECU WON THE LOUISE HERRING PHILOSOPHY IN ACTION AWARD. MECU STRIVES TO OFFER PRODUCTS AND SERVICES DESIGNED TO IMPROVE THE ECONOMIC AND SOCIAL WELL BEING OF ALL MEMBERS FROM ALL SOCIAL-ECONOMIC BACKGROUNDS. MECU'S FIELD OF MEMBERSHIP DRAWS FROM BALTIMORE CITY, AN AREA THAT QUALIFIES AS AN UNDERSERVED/INVESTMENT AREA AS DEFINED BY THE NCUA. MECU IS COMMITTED TO MEMBER FINANCIAL EDUCATION. SOME OF THE PROGRAMS THAT MECU PROVIDES INCLUDE: DISCOUNTED MORTGAGE RATES THROUGH FIRST TIME HOMEBUYER'S PROGRAMS AND BUY IN BALTIMORE LOANS, HOME BUYERS' WORKSHOPS, CREDIT REPAIR WORKSHOPS, BASICS OF MONEY MANAGEMENT, NEW EMPLOYEE AND PRE-RETIREMENT WORKSHOPS AND FREE CREDIT COUNSELING SERVICES THROUGH ACCEL, A GREENPATH, INC. AFFILIATE. MECU ALSO HAS TWO STUDENT-RUN BRANCHES AT HIGH SCHOOLS.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
DescriptionMECU ACTIVELY PARTICIPATES IN COMMUNITY OUTREACH PROJECTS. SOME OF THE PROGRAMS THAT MECU PARTICIPATED IN DURING 2012 WERE HABITAT FOR HUMANITY, JUNIOR ACHIEVEMENT, MEALS ON WHEELS, PARTNERSHIPS WITH 9 ELEMENTARY SCHOOLS, ADOPTING FAMILIES FOR THE HOLIDAYS, THE SALVATION ARMY ANGEL TREE, A MARYLAND PUBLIC TELEVISION TELETHON, CREDIT UNIONS FOR KIDS, DONATED OVER 5,900 BOOKS TO BALTIMORE CITY SCHOOL CHILDREN, HELD A GOLF TOURNAMENT TO RAISE MONEY FOR THE MECU FOUNDATION, THREW A PARTY FOR THE RESIDENTS AT A NURSING HOME, HELD A BLOOD DRIVE AND FED PEOPLE IN NEED AT OUR DAILY BREAD. MECU ALSO WALKED IN THE ADA AND CYSTIC FIBROSIS WALK-A-THONS.Description
FieldValueIRS element (for citing)
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling1CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets1ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity1RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109641439NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees349NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members12NbrVotingGoverningBodyMembers
Number Independent Voting Members12NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval1DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1NATALIE J WOOMERBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number4107528313TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line17 E REDWOOD STREETAddressLine1
CityBALTIMORECity
StateMDState
ZIP Code21202ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (21 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
HERMAN WILLIAMS JR
CHAIRMAN1.70XX1780001000
ERNEST GLINKA
VICE CHAIRMAN1.80XX1840001000
GARY MCLHINNEY
SECRETARY1.60XX1640001000
LORRETTA JOHNSON
DIRECTOR0.70X760001000
JOHN WALKER III
DIRECTOR1.00X1080001000
G LOUISE GREEN
DIRECTOR1.00X1020001000
CHARMAINE THOMAS
DIRECTOR1.20X1280001000
A SOULA LAMBROPOULOS
DIRECTOR1.20X1260001000
BENJAMIN MELI JR
DIRECTOR1.50X1600001000
KALIOPE PARTHEMOS
DIRECTOR0.30X260001000
PEGGY PEACOCK
DIRECTOR1.50X1520001000
ROMAN CLARK SR
DIRECTOR1.40X1420001000
BERT HASH JR
PRESIDENT AND CEO50.00X5575070232657
ADRIAN JOHNSON
SENIOR VP AND CFO45.00X173096066360
ANDREW PATAKI
EXECUTIVE VP AND COO45.00316936077214X
GARY MARTIN
SENIOR VP OF LENDING45.00172169069716X
NATALIE WOOMER
VP AND CONTROLLER45.00138619065677X
ALAN GRIFFITHS
VP OF INFORMATION SYSTEMS45.00152245047401X
PATRICIA ROBERTS
VP OF BRANCH OPERATIONS45.00138239071856X
LAURIE RUSH
VP OF MARKETING45.00129207040163X
KATHY DAY SHELTON
SR VP - CALL CENTER & E-COMMERCE45.00122199053601X
FieldValueIRS element (for citing)
Total Reportable Comp From Org2054817TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation736645TotalOtherCompensation
Number Individuals GT100 K16NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
PSCU FINANCIAL SERVICES
560 CARILLON PARKWAYST PETERSBERGFL33716CREDIT AND DEBIT CARD PROCESSOR1874312
FIDELITY NATIONAL INFORMATION SERVICES
PO BOX 4535CAROL STREAMIL60197DATA PROCESSOR1725513
FISERV
75 REMITTANCE DRIVE SUITE 6962CHICAGOIL60675STATEMENT MAILING, OPTICAL & ACCOUNTING968627
STAR NETWORK
401 WEST A STREET SUITE 600SAN DIEGOCA92101ATM NETWORK820235
LOANCARE
3637 SENTARA WAYVIRGINIA BEACHVA23452MORTGAGE SERVICER689433
FieldValueIRS element (for citing)
Number Of Contractors GT100 K19NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS TO MEMBERS5221004316079043160790
SERVICE CHARGES AND OTHER FEES52210097800289676793103235
OTHER NONINTEREST INCOME52210067727016578642194059
FieldValueIRS element (for citing)
Total Program Service Revenue59713519TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column8466420TotalRevenueColumn
Exclusion$8,466,420ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities95780162Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities94951931Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities828231Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column828231TotalRevenueColumn
Exclusion$828,231ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column69008170TotalRevenueColumn
Related Or Exempt Function Income59416225RelatedOrExemptFunctionIncome
Unrelated Business Revenue297294UnrelatedBusinessRevenue
Exclusion$9,294,651ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total181214Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total13984081Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total1832255Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total13437218Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total2038143Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total3360320Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total1148029Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total124959Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total44500Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total214590Total

Advertising Advertising

FieldValueIRS element (for citing)
Total2041538Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total2103117Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total1936679Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total2008054Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total725483Total

Interest Interest

FieldValueIRS element (for citing)
Total1450326Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1181942Total

Insurance Insurance

FieldValueIRS element (for citing)
Total239216Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotal
PROVISION FOR LOAN LOSS6321833
LOAN SERVICING EXPENSE2940160
ATM/DEBIT CARD EXPENSE2933069
OTHER OPERATING EXPENSE2329510

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total1862955Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total64439191Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY17174629BOY
EOY13454556EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY12301481BOY
EOY18527457EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY637331800BOY
EOY649728813EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis15754997LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec12066193LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY3952930BOY
EOY3688804EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY398261774BOY
EOY447769792EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY55174337BOY
EOY62350088EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1124196951BOY
EOY1195519510EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY14693921BOY
EOY15000979EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY66198BOY
EOY63347EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY990003154BOY
EOY1052964461EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1004763273BOY
EOY1068028787EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY119433678BOY
EOY127490723EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY119433678BOY
EOY127490723EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1124196951BOY
EOY1195519510EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses4568979ReconcilationRevenueExpenses
Reconciliation Unrealized Invest3488066ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtc
Included On FS1IncludedOnFS
Explanation In Part XIIIXExplanationInPartXIII

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis314800OtherCostOrOtherBasis
Depreciation75514Depreciation
Book Value239286BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis5114280OtherCostOrOtherBasis
Depreciation3851850Depreciation
Book Value1262430BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis10325917OtherCostOrOtherBasis
Depreciation8138829Depreciation
Book Value2187088BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings3688804TotalOfBookValueLandBuildings

Other Securities OtherSecurities (2 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
AVAILABLE FOR SALE SECURITIES386829540F
HELD-TO-MATURITY60940252C
FieldValueIRS element (for citing)
Total Of Book Value Securities447769792TotalOfBookValueSecurities

Other Assets OtherAssets (4 entries)

DescriptionDescriptionBook ValueBookValue
ACCRUED INTEREST RECEIVABLE6293779
NCUSIF DEPOSIT9508340
CASH SURRENDER VALUE OF LIFE INSURANCE32157132
OTHER ASSETS14390837
FieldValueIRS element (for citing)
Total Book Value Other Assets62350088TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
MEMBERS' SHARES AND SAVINGS$984,071,604
BORROWED FUNDS$68,892,857
FieldValueIRS element (for citing)
Total Of Amounts1052964461TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt69008170TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal69008170RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form99069008170TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt64439191TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal64439191ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form99064439191TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
PART IV, LINE 2B:IN SITUATIONS WHERE IT CANNOT BE DETERMINED WHO OWNS THE LAND OR WHO GROUND RENT SHOULD BE PAID TO AT MORTGAGE SETTLEMENT THE BUYER IS REQUIRED TO PAY 5 YEARS WORTH OF GROUND RENT AT SETTLEMENT. MECU HOLDS THESE FUNDS IN ESCROW TO PAY GROUND RENT ON BEHALF OF THE MEMBER OR IF THE SITUATION IS NOT RESOLVED AFTER 5 YEARS, THE MONEY GOES BACK TO THE MEMBER.
PART X, LINE 2:MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES.DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (3 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrant
BALTIMORE OFFICE OF PROMOTIONS AND ARTS
10 E BALTIMORE ST 10TH FLOORBALTIMOREMD21202900091850501(C)350000PROVIDE GRANTS FOR BALTIMORE NEIGHBORHOOD EVENTS. THE MAXIMUM GRANTED PER EVENT WAS $1,000.
AFRICAN AMERICAN CREDIT UNION COALITION
PO BOX 1612SHREVEPORTLA71165571091138501(C)330000TO INCREASE THE STRENGTH OF THE CREDIT UNION MOVEMENT. IT'S AN ORGANIZATION OF CREDIT UNION PROFESSIONALS AND VOLUNTEERS OF AFRICAN DESCENT.
THE CREDIT UNION FOUNDATION OF MD & DC
PO BOX 190GLENELGMD21737521749045501(C)330000TO SUPPORT CREDIT UNIONS AND THE COMMUNITIES THAT THEY SERVE WITH AN EMPHASIS ON FINANCIAL LITERACY,SMALL CREDIT UNION SUPPORT, LEADERSHIP DEVELOPMENT AND PROFESSIONAL DEVELOPMENT.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan1SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
BERT HASH JR
PRESIDENT AND CEO4880290500000194780222815098420790164000
ADRIAN JOHNSON
SENIOR VP AND CFO165406070000690058552078080239456000
ANDREW PATAKI
EXECUTIVE VP AND COO2769010200000200350599920172220394150000
GARY MARTIN
SENIOR VP OF LENDING1631890700001980065622040940241885000
NATALIE WOOMER
VP AND CONTROLLER131036070000583058836068410204296000
ALAN GRIFFITHS
VP OF INFORMATION SYSTEMS14169807000035470330090143920199646000
PATRICIA ROBERTS
VP OF BRANCH OPERATIONS13014107000010980582880135680210095000
LAURIE RUSH
VP OF MARKETING121651070000556032211079520169370000
KATHY DAY SHELTON
SR VP - CALL CENTER & E-COMMERCE1146790700005200330810205200175800000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 4BReturnReference
ExplanationTHE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN AND ALL COMPENSATION HAS BEEN PROPERLY REPORTED IN PART VII AND SCHEDULE J. THERE WERE NO DISBURSEMENTS DURING 2012. BERT HASH, JR. NATALIE WOOMER GARY MARTIN ANDREW PATAKI ADRIAN JOHNSON PATRICIA ROBERTS ALAN GRIFFITHSExplanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
FORM 990, PART VI, SECTION B, LINE 11NATALIE WOOMER, VP OF ACCOUNTING AND CONTROLLER, REVIEWS THE COMPLETED FORM 990 IN DETAIL BEFORE IT IS SENT TO THE IRS. THE TAX RETURN IS ALSO GIVEN TO ALL BOARD MEMBERS AND THE CEO FOR THEIR REVIEW BEFORE THE FORM IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CAT THE BEGINNING OF EACH YEAR, EACH BOARD DIRECTOR, MECU EMPLOYEE AND SUPERVISORY AND CREDIT COMMITTEE MEMBER IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE RESPONSES ARE REVIEWED BY MECU'S HUMAN RESOURCE DEPARTMENT TO VERIFY THAT EVERYONE IS IN COMPLIANCE WITH MECU'S CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15THE CEO AND OTHER TOP MANAGEMENT OFFICIALS RECEIVE AN ANNUAL PERFORMANCE REVIEW. BASED ON PERFORMANCE, THE EMPLOYEE MAY RECEIVE A MERIT INCREASE. COMPENSATION DATA FROM A COUPLE OF SOURCES IS REVIEWED TO DETERMINE THE EMPLOYEE'S SALARY. THESE SOURCES INCLUDE CREDIT UNION SALARY SURVEYS FROM CUES AND CUNA. FOR KEY EMPLOYEES OTHER THAN THE CEO, THE PERFORMANCE REVIEW DOCUMENT IS SIGNED BY THE CORRESPONDING DEPARTMENT HEAD/CEO AND THE VICE-PRESIDENT OF HUMAN RESOURCES. THE CEO'S EVALUATION IS CONDUCTED BY THE BOARD OF DIRECTORS EACH YEAR IN JANUARY AND IS BASED ON THE FOUR (4) FOLLOWING CRITERIA: FINANCIAL PERFORMANCE, STRATEGIC GOALS AND OBJECTIVES, EVALUATIONS COMPLETED BY THE BOARD MEMBERS AND COMMUNITY, INDUSTRY AND CIVIC INVOLVEMENT. THE CEO MEETS WITH THE BOARD TO DISCUSS HIS PERFORMANCE. THE BOARD VOTES ON ANY MERIT INCREASE AND/OR BONUS. A NEW CONTRACT IS SIGNED EACH YEAR REFLECTING HIS SALARY AND THE EXPECTATIONS OF THE POSITION. THE CONTRACT IS SIGNED BY THE CHAIRMAN, BOARD SECRETARY AND THE CEO.
FORM 990, PART VI, SECTION C, LINE 19THE FINANCIAL STATEMENTS, CONFLICT OF INTERESTS POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON MECU'S WEBSITE.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1MECU FOUNDATIONBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line17 EAST REDWOOD STREETAddressLine1
CityBALTIMORECity
StateMDState
ZIP Code21202ZIPCode
FieldValueIRS element (for citing)
EIN261113703EIN
Primary ActivitiesCHARITABLE FOUNDATIONPrimaryActivities
Legal Domicile StateMDLegalDomicileState
Exempt Code Section501(C)3ExemptCodeSection
Public Charity StatusPUBLICPublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1MECU OF BALTIMOREBusinessNameLine1
FieldValueIRS element (for citing)
Controlled Org1ControlledOrg
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Dividends Related Organization0DividendsRelatedOrganization
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs1PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

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