2011-05-06T11:11:07-00:00 2010-12-31 Gardiner Thomsen 10555 New York Ave 200 Des Moines IA 50322 990 2010-01-01 420923713 Mercy City Lehigh Family Credit Union MERC 6414227361 1341 6th Street SW Mason City IA 50401 John D Sherrick 2011-05-05 true Charles Telk Jr CPA 5152701446 2011-05-05 2010 2016-02-24 21:20:13Z John Sherrick 1341 6th Street SW Mason City IA 50401 1458453 false X www.mclfcu.org X 1965 IA Operate for the primary purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members. Operate for the primary purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members. 14 14 12 0 0 1094137 1068996 189657 167872 199083 221585 1482877 1458453 0 0 412232 447147 0 0 780524 745753 1192756 1192900 290121 265553 28949220 29662921 24756165 25206702 4193055 4456219 Operate for the primary purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members. false false 1192900 1458453 SEE SERVICES. 1192900 false false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 250 0 true 12 true true true false false false false false false false false false false false X 14 14 true false false false true true true true true false false false false false true true false false IA X John Sherrick 6414227361 1341 6th Street SW Mason City IA 50401 John Sherrick 040.00 X X X 86000 0 0 Sue Dempsey 040.00 X 54100 0 0 Bradden Cannon 001.00 X 0 0 0 Bill Basler 001.00 X 0 0 0 Todd Cash 001.00 X 0 0 0 Ron Guthrie 001.00 X 0 0 0 David Hickman 001.00 X 0 0 0 Kevin Jacobson 001.00 X 0 0 0 Gregory Lee 001.00 X 0 0 0 Richard Malinaric 001.00 X 0 0 0 Harland Olsen 001.00 X 0 0 0 Deb Orozco 001.00 X 0 0 0 Bill Orozco 001.00 X 0 0 0 Barry Collette 001.00 X 0 0 0 Brenda Rasmuson 001.00 X 0 0 0 Ashley Nelson 001.00 X 0 0 0 140100 false false false Interest on Loans 522100 1068996 1068996 167872 221585 221585 1458453 0 0 0 0 140100 140100 0 215080 215080 15217 15217 40408 40408 36342 36342 0 3872 3872 7306 7306 0 6664 6664 0 12786 12786 189569 189569 74696 74696 0 24777 24777 1747 1747 0 0 259630 259630 0 16817 16817 20536 20536 Loan Servicing 20300 20300 NCUSIF 66996 66996 40057 40057 1192900 1192900 291025 266782 4833082 4871888 18096746 18407114 24079 25153 668113 297930 283180 370183 5345762 5653918 75346 67883 28949220 29662921 105509 73931 24650656 25132771 24756165 25206702 X 959169 1059169 3233886 3397050 4193055 4456219 28949220 29662921 X 265553 -2389 X true false true X false false 50089 50089 420292 103803 316489 186651 186112 539 11081 8015 3066 370183 Certificates of Deposit 4324000 F Deposits in banks 108786 F Investments in Credit Unions 974344 F NCUSIF Deposit 246788 F 5653918 Member Shares Certificates of Deposit 25132771 25132771 1458453 1192900 265553 265553 1458453 1458453 1458453 1192900 1192900 1192900 Bill Basler Home Equity X 74800 41094 false true true Sue Dempsey Mortgage X 65473 38184 false true true Todd Cash Auto X 13500 10110 false true true Todd Cash Auto X 11250 5888 false true true Todd Cash Auto X 8250 7961 false true true Barry Collette Auto X 8700 5539 false true true Ron Guthrie Auto X 17024 5937 false true true Kevin Jacobson Auto X 28000 7115 false true true Greg Lee Auto X 25800 17718 false true true Greg Lee Auto X 6314 467 false true true Greg Lee Auto X 17723 15670 false true true Greg Lee Mortgage X 74587 44642 false true true Bill Orozco Auto X 30000 12903 false true true Bill Orozco Mortgage X 80000 50846 false true true Bill Orozco Auto X 11000 7603 false true true John Sherrick Mortgage X 136030 133810 false true true John Sherrick Auto X 18300 14866 false true true 420353 Form 990 Part VI 6 The organization is a credit union with members. Form 990 Part VI 7a The organizations members elect members to the board of directors on an annual basis or as vacancies arise. Form 990 Part VI 7b The decisions of the governing body subject to approval by the members are mergers, acquisitions, and whether to change from a not-for-profit to a for-profit organization. Form 990 Part VI 11a After the organizations external auditors prepare the Form 990, the CEO reviews the documents. The CEO utimately signs-off on the documents and provides approval prior to the documentation being submitted to the IRS. Form 990 Part VI 12c On an annual basis the organizations officers, directors, and staff personnel are questioned as to any potential conflicts of interest. Any potential conflicts are noted and monitored. This process is repeated annaully. Form 990 Part VI 15a/15b The process for determing compensation for officers, directors, key employees, and other includes independent, third-party information in conjucture with conptemporaneous substantiantion and deliberation before a final decision is made by the CEO or board of directors. Form 990 Part VI 19 The organization makes its financial statements and govering documents available via the Iowa Credit Union Division. Financial statements are also available on the National Credit Union Administrations website via Call Reports that are submitted on a quarterly basis. Form 990 Part XI 5 The change in net assets is due to change in unrealized gains on available for sale securities.