Civic Intelligence

Metco Credit Union

EIN 42-0835734 • 501(c)14 • Cedar Rapids, IA

View Organization Page

Profile

To help members with their finances, accept deposits and make loans.

115 8th Avenue SWCedar Rapids, IA 52404

www.metcocu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.84x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

12.71x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

98th percentile

39%

Higher net margin than 98% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$292,723

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Asset Growth

68th percentile

4.3%

Faster asset growth than 68% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

19%

Faster revenue growth than 82% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$53,309,346

Up $2,195,263 (+4.3%) from 2023

Liabilities

Up

$44,540,750

Up $840,784 (+1.9%) from 2023

Net Assets

Up

$8,768,596

Up $1,354,479 (+18%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin98th percentile

Revenue

Up

$3,504,632

Up $571,304 (+19%) from 2023

Expenses

Up

$2,150,153

Up $281,931 (+15%) from 2023

Net Income

Up

$1,354,479

Up $289,373 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $21,035,854Liabilities 2010: $18,265,173Net Assets 2010: $2,770,6812010Assets 2012: $24,110,034Liabilities 2012: $21,129,693Net Assets 2012: $2,980,3412012Assets 2013: $27,542,464Liabilities 2013: $24,471,536Net Assets 2013: $3,070,9282013Assets 2014: $26,960,866Liabilities 2014: $23,777,395Net Assets 2014: $3,183,4712014Assets 2015: $29,478,527Liabilities 2015: $26,107,131Net Assets 2015: $3,371,3962015Assets 2016: $31,230,420Liabilities 2016: $27,678,635Net Assets 2016: $3,551,7852016Assets 2017: $32,316,283Liabilities 2017: $28,485,937Net Assets 2017: $3,830,3462017Assets 2018: $33,221,990Liabilities 2018: $29,161,094Net Assets 2018: $4,060,8962018Assets 2019: $36,772,129Liabilities 2019: $32,206,744Net Assets 2019: $4,565,3852019Assets 2020: $44,375,606Liabilities 2020: $39,182,061Net Assets 2020: $5,193,5452020Assets 2021: $49,036,368Liabilities 2021: $43,218,768Net Assets 2021: $5,817,6002021Assets 2022: $48,586,801Liabilities 2022: $42,237,790Net Assets 2022: $6,349,0112022Assets 2023: $51,114,083Liabilities 2023: $43,699,966Net Assets 2023: $7,414,1172023Assets 2024: $53,309,346Liabilities 2024: $44,540,750Net Assets 2024: $8,768,5962024

Highlighted filing

2024

Assets$53,309,346
Liabilities$44,540,750
Net Assets$8,768,596
Open 2024 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,300,2002010Expenses 2012: $1,215,2752012Revenue 2013: $1,366,359Expenses 2013: $1,275,769Net Income 2013: $90,5902013Revenue 2014: $1,355,337Expenses 2014: $1,242,794Net Income 2014: $112,5432014Revenue 2015: $1,458,212Expenses 2015: $1,270,287Net Income 2015: $187,9252015Revenue 2016: $1,489,402Expenses 2016: $1,309,013Net Income 2016: $180,3892016Revenue 2017: $1,758,456Expenses 2017: $1,479,895Net Income 2017: $278,5612017Revenue 2018: $1,786,576Expenses 2018: $1,556,026Net Income 2018: $230,5502018Revenue 2019: $2,206,928Expenses 2019: $1,673,506Net Income 2019: $533,4222019Revenue 2020: $2,105,477Expenses 2020: $1,477,317Net Income 2020: $628,1602020Revenue 2021: $2,079,830Expenses 2021: $1,455,775Net Income 2021: $624,0552021Revenue 2022: $2,042,977Expenses 2022: $1,511,566Net Income 2022: $531,4112022Revenue 2023: $2,933,328Expenses 2023: $1,868,222Net Income 2023: $1,065,1062023Revenue 2024: $3,504,632Expenses 2024: $2,150,153Net Income 2024: $1,354,4792024

Highlighted filing

2024

Revenue$3,504,632
Expenses$2,150,153
Net Income$1,354,479
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,309,346
Liabilities
$44,540,750
Net assets
$8,768,596
Revenue
$3,504,632
Expenses
$2,150,153
Net income
$1,354,479
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$53.3$44.5$8.77$3.50$2.15$1.35
2023Detailed filing. Detailed filing data is available for this year.$51.1$43.7$7.41$2.93$1.87$1.07
2022Detailed filing. Detailed filing data is available for this year.$48.6$42.2$6.35$2.04$1.51$0.53
2021Detailed filing. Detailed filing data is available for this year.$49.0$43.2$5.82$2.08$1.46$0.62
2020Detailed filing. Detailed filing data is available for this year.$44.4$39.2$5.19$2.11$1.48$0.63
2019Detailed filing. Detailed filing data is available for this year.$36.8$32.2$4.57$2.21$1.67$0.53
2018Detailed filing. Detailed filing data is available for this year.$33.2$29.2$4.06$1.79$1.56$0.23
2017Detailed filing. Detailed filing data is available for this year.$32.3$28.5$3.83$1.76$1.48$0.28
2016Detailed filing. Detailed filing data is available for this year.$31.2$27.7$3.55$1.49$1.31$0.18
2015Detailed filing. Detailed filing data is available for this year.$29.5$26.1$3.37$1.46$1.27$0.19
2014Detailed filing. Detailed filing data is available for this year.$27.0$23.8$3.18$1.36$1.24$0.11
2013Detailed filing. Detailed filing data is available for this year.$27.5$24.5$3.07$1.37$1.28$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$21.1$2.98$1.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$18.3$2.77$1.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$3,504,632
Mission and Program Overview

Mission

To help members with their finances, accept deposits and make loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$32,191,137$31,438,350▼ $752,787
Savings and Temporary Cash Investments$15,814,584$18,672,359▲ $2,857,775
Rtn Earn Endowment Incm Other Fnds$5,839,614$7,082,881▲ $1,243,267
Pd in Cap Srpls Land Bldg Eqp Fund$1,574,503$1,685,715▲ $111,212
Land, Buildings, and Equipment, Net$229,693$217,621▼ $12,072
Cash and Non-Interest-Bearing Accounts$183,985$141,197▼ $42,788
Prepaid Expenses and Deferred Charges$98,670$86,484▼ $12,186
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$51,114,083$53,309,346▲ $2,195,263
Other Assets Total$2,596,014$2,753,335▲ $157,321
Liabilities
Other Liabilities$43,144,005$44,254,480▲ $1,110,475
Accounts Payable and Accrued Expenses$555,961$286,270▼ $269,691
Total Liabilities$43,699,966$44,540,750▲ $840,784
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,414,117$8,768,596▲ $1,354,479
Total Liabilities and Net Assets / Fund Balance$51,114,083$53,309,346▲ $2,195,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,462$1,042,028-
Other Land Buildings$0$11,242-
Land$132,434--
Equipment$67,725$456,629-
Other Assets Org$4,024--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad MertensPresident/CEO/CFOFT$127,910$164,813$292,723

Board Members and Trustees

NameTitle
Ann OlsonChairman
Benjamin GriffinBoard Member
Dannielle BostonBoard Member
Darrell CannonBoard Member
Dominic WibeBoard Member
Robert BurnsBoard Member
Wendee EalyBoard Member
Chris SwiserSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,037,874
Investment Income
$975,968
Other Revenue
$490,790
Change in Net Assets
$1,354,479

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,395,032
Revenue Not Reported on Financial Statements
$109,600
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$109,600
Total Revenue per Audited Statements
$3,395,032
Total Revenue per Form 990
$3,504,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,501,468
Salaries, Compensation, and Employee Benefits$648,685
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$582,153--$582,153
Current Officers, Directors, Trustees, and Key Employees$292,723--$292,723
Other Salaries and Wages$207,222--$207,222
Information Technology$169,738--$169,738
Office Expenses$85,538--$85,538
Other Employee Benefits$83,993--$83,993
All Other Expenses$76,683--$76,683
Advertising$76,455--$76,455
Occupancy$50,444--$50,444
Payroll Taxes$43,707--$43,707
Fees for Services Accounting$38,547--$38,547
Insurance$21,511--$21,511
Pension Plan Contributions$21,040--$21,040
Travel$19,475--$19,475
Other Expenses$19,449--$19,449
Depreciation Depletion$19,263--$19,263
Payments to Affiliates$8,462--$8,462
Conferences and Meetings$4,800--$4,800
Fees for Services Legal$3,126--$3,126
Total Functional Expenses$2,150,153$0$0$2,150,153

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,150,153
Total Expenses per Audited Statements$2,150,153
Total Expenses per Form 990$2,150,153
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$44,254,480
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Metco credit union is supported by its members”

Form 990, Part VI, Section A, Line 7A

“Board members are elected by members of the credit union on an annual basis.”

Form 990, Part VI, Section B, Line 11B

“A copy of the from 990 was not provided to the organization's governing body before it was filed. The return is reviewed by the ceo.”

Form 990, Part VI, Section B, Line 15A

“Metco credit union utilizes a compensation committee, compensation surveys and the approval of the board when estabilshing the compensation of the organization's ceo. Salary surveys are reviewed for position and size of the credit union. Also, key performance areas are reviewed and compared with peers.”

Form 990, Part VI, Section C, Line 19

“Organizational documents are available upon request and the financial statements are posted in the lobby.”

Filing and Contact Details

Filer

Filer Name
Metco Credit Union
EIN
42-0835734
Phone
3193985007
Address
115 8TH AVENUE SW, CEDAR RAPIDS, IA 52404

Signing Officer

Name
Brad Mertens
Title
CEO
Phone
3193985007
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Mertens
Formed
1957
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
8
Employees
9
Volunteers
0

Preparer

Firm
Gardiner Company Pc
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
Robert Bell CPA
Phone
5152701446
Supplemental Narrative

Additional Explanations

Form 990 Page 12 Part XII Line 3C

“The audit committee reviews the audited financials and discusses the audit with management and votes on retention of auditors.”

Financial Statement Notes

PART X, LINE 2:

“In accordance with the income taxes topic of the fasb asc, the credit union evaluates uncertain tax benefits arising from tax positions taken or expected to be taken based upon the likelihood of being sustained upon examination by applicable tax authorities. If the credit union determines that a tax position is more likely than not of being sustained, it recognizes the largest amount of the arising benefit that is greater than 50% likely of being realized upon settlement in the financial statements. Any tax positions taken or expected to be taken that do not pass the more than likely than not test, the credit union establishes reserves offsetting the benefits related to such positions. Interest and penalties, if any, are included in the current provision for income taxes in the credit union's statement of income and are included as current liability in the balance sheet.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Unrealized gain on annuity investment holdings 109,600.”

Raw XML AppendixShowing 400 of 452 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LandBldgEquipCostOrOtherBssAmt01727520
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0177697
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0177697
IRS990/MissionDesc0TO HELP MEMBERS WITH THEIR FINANCES, ACCEPT DEPOSITS AND MAKE LOANS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07414117
IRS990/NetAssetsOrFundBalancesEOYAmt08768596
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt050444
IRS990/OccupancyGrp/TotalAmt050444
IRS990/OfficeExpensesGrp/ProgramServicesAmt085538
IRS990/OfficeExpensesGrp/TotalAmt085538
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02596014
IRS990/OtherAssetsTotalGrp/EOYAmt02753335
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt083993
IRS990/OtherEmployeeBenefitsGrp/TotalAmt083993
IRS990/OtherExpensesGrp/Desc0ALLOWANCE FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1ATM/DEBIT CARD EXPENSE
IRS990/OtherExpensesGrp/Desc2LOAN EXPENSES
IRS990/OtherExpensesGrp/Desc3MORTGAGE ORIGINATION
IRS990/OtherExpensesGrp/ProgramServicesAmt0161936
IRS990/OtherExpensesGrp/ProgramServicesAmt1113635
IRS990/OtherExpensesGrp/ProgramServicesAmt250253
IRS990/OtherExpensesGrp/ProgramServicesAmt319449
IRS990/OtherExpensesGrp/TotalAmt0161936
IRS990/OtherExpensesGrp/TotalAmt1113635
IRS990/OtherExpensesGrp/TotalAmt250253
IRS990/OtherExpensesGrp/TotalAmt319449
IRS990/OtherLiabilitiesGrp/BOYAmt043144005
IRS990/OtherLiabilitiesGrp/EOYAmt044254480
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0NSF/OVERDRAFT FEES
IRS990/OtherRevenueMiscGrp/Desc1ATM/DEBIT CARD FEES
IRS990/OtherRevenueMiscGrp/Desc2MORTGAGE ORIGINATION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0148716
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1146420
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt217957
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0148716
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1146420
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt217957
IRS990/OtherRevenueTotalAmt0490790
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0207222
IRS990/OtherSalariesAndWagesGrp/TotalAmt0207222
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt032191137
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt031438350
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt08462
IRS990/PaymentsToAffiliatesGrp/TotalAmt08462
IRS990/PayrollTaxesGrp/ProgramServicesAmt043707
IRS990/PayrollTaxesGrp/TotalAmt043707
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01574503
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01685715
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021040
IRS990/PensionPlanContributionsGrp/TotalAmt021040
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt098670
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt086484
IRS990/PrincipalOfficerNm0BRAD MERTENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02037874
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02037874
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0616820
IRS990/PYOtherExpensesAmt01231365
IRS990/PYOtherRevenueAmt0452232
IRS990/PYProgramServiceRevenueAmt01864276
IRS990/PYRevenuesLessExpensesAmt01065106
IRS990/PYSalariesCompEmpBnftPaidAmt0636857
IRS990/PYTotalExpensesAmt01868222
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02933328
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01354479
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02528664
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05839614
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07082881
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015814584
IRS990/SavingsAndTempCashInvstGrp/EOYAmt018672359
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt017462
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01042028
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01059490
IRS990ScheduleD/EquipmentGrp/BookValueAmt067725
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0456629
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0524354
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02150153
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0132434
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0132434
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01335849
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt197570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2437381
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3312151
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt530700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt635660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt74024
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LIFE INSURANCE ANNUITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED LOAN INSTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUA SHARE DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NCB RESERVE ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5FEDERAL HOME LOAN BANK MEMBERSHIP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6ACCRUED INVESTMENT INTEREST RECEIVA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011242
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt011242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044254480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0109600
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0109600
IRS990ScheduleD/RevenueSubtotalAmt03395032
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH THE INCOME TAXES TOPIC OF THE FASB ASC, THE CREDIT UNION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE CREDIT UNION DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF THE ARISING BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE FINANCIAL STATEMENTS. ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE THAN LIKELY THAN NOT TEST, THE CREDIT UNION ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PROVISION FOR INCOME TAXES IN THE CREDIT UNION'S STATEMENT OF INCOME AND ARE INCLUDED AS CURRENT LIABILITY IN THE BALANCE SHEET.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UNREALIZED GAIN ON ANNUITY INVESTMENT HOLDINGS 109,600.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0217621
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02753335
IRS990ScheduleD/TotalExpensesPerForm990Amt02150153
IRS990ScheduleD/TotalLiabilityAmt044254480
IRS990ScheduleD/TotalRevenuePerForm990Amt03504632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03395032
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02150153
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0127910
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0126011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010882
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRAD MERTENS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0292723
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0METCO CREDIT UNION UTILIZES A COMPENSATION COMMITTEE, COMPENSATION SURVEYS AND THE APPROVAL OF THE BOARD WHEN ESTABLISHING THE COMPENSATION OF THE ORGANIZATION'S CEO. SALARY SURVEYS ARE REVIEWED FOR POSITION AND SIZE OF THE CREDIT UNION. ALSO, KEY PERFORMANCE AREAS ARE REVIEWED AND COMPARED WITH PEERS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0METCO CREDIT UNION IS SUPPORTED BY ITS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED BY MEMBERS OF THE CREDIT UNION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FROM 990 WAS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. THE RETURN IS REVIEWED BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3METCO CREDIT UNION UTILIZES A COMPENSATION COMMITTEE, COMPENSATION SURVEYS AND THE APPROVAL OF THE BOARD WHEN ESTABILSHING THE COMPENSATION OF THE ORGANIZATION'S CEO. SALARY SURVEYS ARE REVIEWED FOR POSITION AND SIZE OF THE CREDIT UNION. ALSO, KEY PERFORMANCE AREAS ARE REVIEWED AND COMPARED WITH PEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST AND THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT COMMITTEE REVIEWS THE AUDITED FINANCIALS AND DISCUSSES THE AUDIT WITH MANAGEMENT AND VOTES ON RETENTION OF AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PAGE 12 PART XII LINE 3C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt051114083
IRS990/TotalAssetsEOYAmt053309346
IRS990/TotalAssetsGrp/BOYAmt051114083
IRS990/TotalAssetsGrp/EOYAmt053309346
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02150153
IRS990/TotalFunctionalExpensesGrp/TotalAmt02150153
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043699966
IRS990/TotalLiabilitiesEOYAmt044540750
IRS990/TotalLiabilitiesGrp/BOYAmt043699966
IRS990/TotalLiabilitiesGrp/EOYAmt044540750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07414117
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08768596
IRS990/TotalOtherCompensationAmt038802

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