2013-10-11T13:37:51-05:00 2012-12-31 431887384 STEPHEN LANG & ASSOCIATES LLC 14323 S OUTER 40 STE N205 CHESTERFIELD MO 63017 990 2012-01-01 431044975 MISSOURI ELECTRIC COOPERATIVE EMPLOYEES' CREDIT UNION MISS 5736342595 PO BOX 1586 JEFFERSON CITY MO 651021586 RANDY MARKS 5736593406 2013-10-11 1 P01203453 3142058601 2012 2016-02-25 16:41:14Z RANDY MARKS 2722 E MCCARTY ST JEFFERSON CITY MO 65101 5136847 0 X WWW.MECECU.COM X 1975 MO PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 9 9 15 12 900 0 0 0 4613762 4450725 534576 654031 23625 14765 5171963 5119521 0 0 0 0 1016632 1049267 0 0 0 3086278 2858635 4102910 3907902 1069053 1211619 116507787 126896326 105714454 114870620 10793333 12025706 PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 8,353 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2012, THERE WERE 6,185 LOANS OUTSTANDING TOTALING $73,440,769. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,747,930 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 7601 0 1 15 1 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 1 0 X GARY BRUEMMER 5736342595 2722 E MCCARTY ST JEFFERSON CITY MO 65101 CATHY MCKAY 1.00 X 0 0 0 KENT BROWN 1.00 X 0 0 0 PAULA PEEPER 1.00 X 0 0 0 ROBERTA BERGER 1.00 X 0 0 0 RHONDA ROBISON 1.00 X 0 0 0 LINDY LACHANCE 1.00 X 0 0 0 RODAN ROMINE 1.00 X 0 0 0 MICHAEL KING 1.00 X 0 0 0 JOAN DONZE 1.00 X 0 0 0 RANDY MARKS 40.00 X 127670 0 59549 127670 0 59549 1 0 1 0 0 INTEREST ON LOANS 522100 3833090 3833090 FEES & OTHER INCOME 522100 616735 616735 WARRANTY SALES 522100 900 900 4450725 651308 651308 14765 14765 20049 17326 2723 2723 2723 5119521 5118621 900 0 187219 546214 153725 110760 51349 7669 28873 211050 19428 117169 82712 28382 17566 486 49742 10154 MEMBER DIVIDENDS 1747930 PROVISION FOR LOAN LOSS 188740 LOAN SERVICING 153055 NCUSIF ASSESSMENTS 99748 95931 3907902 486623 160545 20573202 23857773 5665 5339 73864214 73297722 67885 52182 1239491 364002 871863 875489 18656332 26865152 1982003 1782124 116507787 126896326 343723 375555 416 0 105370315 114495065 105714454 114870620 X 0 0 0 0 10793333 12025706 10793333 12025706 116507787 126896326 1211619 20754 0 X 0 1 X 1 0 0 1 X 1013848 211218 802630 3284 554 2730 222359 152230 70129 875489 MEMBER SHARE DEPOSITS 114495065 114495065 X 5119521 0 5119521 0 5119521 3907902 0 3907902 0 3907902 Part IV, Line 2b: THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR PRIVATE MORTGAGE INSURANCE RELATED TO CERTAIN MEMBER REAL ESTATE LOANS. Description of Uncertain Tax Positions Under FIN 48: 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 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 126305 0 0 0 1365 0 40703 0 18846 0 187219 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 FINAL 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.