Civic Intelligence

Metco Credit Union

990 • Fiscal year 2018 • EIN 42-0835734

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 11, 2019

Organization ProfileWWW.METCOCU.ORG

View Organization Page

115 8th Avenue SWCedar Rapids, IA 52404

(319) 398-5007

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.88x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

34th percentile

16.32x

Higher debt load relative to revenue than 34% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Net Margin

51st percentile

13%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$156,426

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2018

Asset Growth

74th percentile

2.8%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

1.6%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$33,221,990

Up $905,707 (+2.8%) from 2017

Net Assets

Up

$4,060,896

Up $230,550 (+6.0%) from 2017

Liabilities

Up

$29,161,094

Up $675,157 (+2.4%) from 2017

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin51st percentile

Revenue

Up

$1,786,576

Up $28,120 (+1.6%) from 2017

Expenses

Up

$1,556,026

Up $76,131 (+5.1%) from 2017

Net Income

Down

$230,550

Down $48,011 (-17%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$33,221,990
Liabilities$29,161,094
Net Assets$4,060,896
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$1,786,576
Expenses$1,556,026
Net Income$230,550
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 11, 2019
Return Version
2018v3.1
Gross Receipts
$1,786,576
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$22,134,605$24,300,175▲ $2,165,570
Savings and Temporary Cash Investments$7,142,426$6,143,384▼ $999,042
Rtn Earn Endowment Incm Other Fnds$2,671,152$2,894,189▲ $223,037
Pd in Cap Srpls Land Bldg Eqp Fund$1,159,194$1,166,707▲ $7,513
Land, Buildings, and Equipment, Net$481,984$418,399▼ $63,585
Cash and Non-Interest-Bearing Accounts$364,218$199,582▼ $164,636
Prepaid Expenses and Deferred Charges$72,009$64,566▼ $7,443
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$32,316,283$33,221,990▲ $905,707
Other Assets Total$2,121,041$2,095,884▼ $25,157
Liabilities
Other Liabilities$27,296,512$28,960,865▲ $1,664,353
Accounts Payable and Accrued Expenses$1,189,425$200,229▼ $989,196
Total Liabilities$28,485,937$29,161,094▲ $675,157
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,830,346$4,060,896▲ $230,550
Total Liabilities and Net Assets / Fund Balance$32,316,283$33,221,990▲ $905,707

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$252,182$782,827$1,035,009
Equipment$33,783$371,721$405,504
Land$132,434-$132,434
Leasehold Improvements$0$11,242$11,242
Other Assets Org$5,062--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad MertensPresident/CEO/CFOFT$102,315$54,111$156,426

Board Members and Trustees

NameTitle
Scott LabusAudit Chair
Chris SwiserChairman
John SchweitzerCredit Chair
Kara KruegerVice-chair
Ben GriffinBoard Member
Darrell CannonBoard Member
Jason SeibrechtBoard Member
Ann OlsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,190,708
Investment Income
$86,213
Other Revenue
$509,655
Change in Net Assets
$230,550

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,786,576
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,786,576
Total Revenue per Form 990
$1,786,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$995,833
Salaries, Compensation, and Employee Benefits$560,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$254,456--$254,456
Current Officers, Directors, Trustees, and Key Employees$156,426--$156,426
Information Technology$151,196--$151,196
Interest$116,276--$116,276
Other Employee Benefits$99,049--$99,049
Office Expenses$84,499--$84,499
Depreciation Depletion$69,804--$69,804
Advertising$64,960--$64,960
All Other Expenses$56,575--$56,575
Occupancy$45,669--$45,669
Payroll Taxes$33,381--$33,381
Fees for Services Accounting$25,859--$25,859
Other Expenses$18,299--$18,299
Pension Plan Contributions$16,881--$16,881
Insurance$16,457--$16,457
Fees for Services Legal$14,844--$14,844
Payments to Affiliates$12,659--$12,659
Travel$10,561--$10,561
Conferences and Meetings$2,400--$2,400
Total Functional Expenses$1,556,026$0$0$1,556,026

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,556,026
Total Expenses per Audited Statements$1,556,026
Total Expenses per Form 990$1,556,026
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$28,960,865
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 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
2019-07-11
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
Dennis Gardiner 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.”

Raw XML AppendixShowing 400 of 456 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/OtherLiabilitiesGrp/EOYAmt028960865
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0ATM/DEBIT CARD FEES
IRS990/OtherRevenueMiscGrp/Desc1NSF/OVERDRAFT FEES
IRS990/OtherRevenueMiscGrp/Desc2MORTGAGE ORIGINATION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0170201
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1164945
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt225789
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0170201
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1164945
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt225789
IRS990/OtherRevenueTotalAmt0509655
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0254456
IRS990/OtherSalariesAndWagesGrp/TotalAmt0254456
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt022134605
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt024300175
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt012659
IRS990/PaymentsToAffiliatesGrp/TotalAmt012659
IRS990/PayrollTaxesGrp/ProgramServicesAmt033381
IRS990/PayrollTaxesGrp/TotalAmt033381
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01159194
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01166707
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016881
IRS990/PensionPlanContributionsGrp/TotalAmt016881
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072009
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064566
IRS990/PrincipalOfficerNm0BRAD MERTENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01190708
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01190708
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0202705
IRS990/PYOtherExpensesAmt0956813
IRS990/PYOtherRevenueAmt0475267
IRS990/PYProgramServiceRevenueAmt01080484
IRS990/PYRevenuesLessExpensesAmt0278561
IRS990/PYSalariesCompEmpBnftPaidAmt0523082
IRS990/PYTotalExpensesAmt01479895
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01758456
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0230550
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01700363
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02671152
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02894189
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07142426
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06143384
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0252182
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0782827
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01035009
IRS990ScheduleD/EquipmentGrp/BookValueAmt033783
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0371721
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0405504
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01556026
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0132434
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0132434
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011242
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0903136
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt154604
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2271644
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3259098
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt463340
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt639000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt75062
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LIFE INSURANCE ANNUITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED LOAN INSTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUA SHARE DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5NCB RESERVE ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6FEDERAL HOME LOAN BANK MEMBERSHIP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7ACCRUED INVESTMENT INTEREST RECEIVA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028960865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01786576
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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418399
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02095884
IRS990ScheduleD/TotalExpensesPerForm990Amt01556026
IRS990ScheduleD/TotalLiabilityAmt028960865
IRS990ScheduleD/TotalRevenuePerForm990Amt01786576
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01786576
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01556026
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0102315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount024120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt09463
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt020528
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRAD MERTENS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0156426
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 CRDIT 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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt032316283
IRS990/TotalAssetsEOYAmt033221990
IRS990/TotalAssetsGrp/BOYAmt032316283
IRS990/TotalAssetsGrp/EOYAmt033221990
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01556026
IRS990/TotalFunctionalExpensesGrp/TotalAmt01556026
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028485937
IRS990/TotalLiabilitiesEOYAmt029161094
IRS990/TotalLiabilitiesGrp/BOYAmt028485937
IRS990/TotalLiabilitiesGrp/EOYAmt029161094
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03830346
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04060896
IRS990/TotalOtherCompensationAmt029991
IRS990/TotalProgramServiceExpensesAmt01556026
IRS990/TotalProgramServiceRevenueAmt01190708

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,221,990
Liabilities
$29,161,094
Net assets
$4,060,896
Revenue
$1,786,576
Expenses
$1,556,026
Net income
$230,550
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
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