Civic Intelligence

Metco Credit Union

990 • Fiscal year 2019 • EIN 42-0835734

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 01, 2020

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

55th percentile

0.88x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

14.59x

Higher debt load relative to revenue than 25% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

86th percentile

24%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$249,627

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

95th percentile

11%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

24%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$36,772,129

Up $3,550,139 (+11%) from 2018

Net Assets

Up

$4,565,385

Up $504,489 (+12%) from 2018

Liabilities

Up

$32,206,744

Up $3,045,650 (+10%) from 2018

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin86th percentile

Revenue

Up

$2,206,928

Up $420,352 (+24%) from 2018

Expenses

Up

$1,673,506

Up $117,480 (+7.6%) from 2018

Net Income

Up

$533,422

Up $302,872 (+131%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2019

Assets$36,772,129
Liabilities$32,206,744
Net Assets$4,565,385
Open 2019 Filing

Operations Trend

Revenue Growth99th 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

2019

Revenue$2,206,928
Expenses$1,673,506
Net Income$533,422
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 1, 2020
Return Version
2019v5.1
Gross Receipts
$2,206,928
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$24,300,175$26,002,293▲ $1,702,118
Savings and Temporary Cash Investments$6,143,384$7,824,235▲ $1,680,851
Rtn Earn Endowment Incm Other Fnds$2,894,189$3,318,085▲ $423,896
Pd in Cap Srpls Land Bldg Eqp Fund$1,166,707$1,247,300▲ $80,593
Land, Buildings, and Equipment, Net$418,399$389,145▼ $29,254
Cash and Non-Interest-Bearing Accounts$199,582$200,009▲ $427
Prepaid Expenses and Deferred Charges$64,566$52,494▼ $12,072
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$33,221,990$36,772,129▲ $3,550,139
Other Assets Total$2,095,884$2,303,953▲ $208,069
Liabilities
Other Liabilities$28,960,865$31,946,254▲ $2,985,389
Accounts Payable and Accrued Expenses$200,229$260,490▲ $60,261
Total Liabilities$29,161,094$32,206,744▲ $3,045,650
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,060,896$4,565,385▲ $504,489
Total Liabilities and Net Assets / Fund Balance$33,221,990$36,772,129▲ $3,550,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$224,430$835,059$1,059,489
Equipment$32,281$384,507$416,788
Land$132,434-$132,434
Leasehold Improvements$0$11,242$11,242
Other Assets Org$9,787--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad MertensPresident/CEO/CFOFT$104,057$145,570$249,627

Board Members and Trustees

NameTitle
Scott LabusAudit Chair
Chris SwiserChairman
Ben GriffinBoard Member
Darrell CannonBoard Member
Jason SeibrechtBoard Member
Kristie ClarkBoard Member
Wendee EalyBoard Member
Ann OlsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,382,594
Investment Income
$319,972
Other Revenue
$504,362
Change in Net Assets
$533,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,206,928
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,206,928
Total Revenue per Form 990
$2,206,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,035,001
Salaries, Compensation, and Employee Benefits$638,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$249,627--$249,627
Other Salaries and Wages$212,870--$212,870
Interest$167,487--$167,487
Information Technology$137,087--$137,087
Other Employee Benefits$95,453--$95,453
Office Expenses$86,154--$86,154
Advertising$75,667--$75,667
All Other Expenses$75,652--$75,652
Depreciation Depletion$65,018--$65,018
Occupancy$51,641--$51,641
Pension Plan Contributions$41,675--$41,675
Payroll Taxes$38,880--$38,880
Fees for Services Accounting$27,890--$27,890
Other Expenses$21,520--$21,520
Insurance$16,910--$16,910
Payments to Affiliates$11,241--$11,241
Travel$8,527--$8,527
Conferences and Meetings$2,394--$2,394
Fees for Services Legal$-7,139--$-7,139
Total Functional Expenses$1,673,506$0$0$1,673,506

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,702,439
Expenses per Audited Statements$1,673,506
Total Expenses per Form 990$1,673,506
Expenses Not Reported on Form 990$28,933
Expenses Not Reported on Financial Statements$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$31,946,254
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
2020-10-01
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
10
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, PART XI, LINE 9:

“Unrealized loss on investment -28,933.”

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 457 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0200229
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0260490
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO HELP MEMBERS WITH THEIR FINANCES, ACCEPT DEPOSITS AND MAKE LOANS.
IRS990/AdvertisingGrp/ProgramServicesAmt075667
IRS990/AdvertisingGrp/TotalAmt075667
IRS990/AllOtherExpensesGrp/ProgramServicesAmt075652
IRS990/AllOtherExpensesGrp/TotalAmt075652
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRAD MERTENS
IRS990/BooksInCareOfDetail/PhoneNum03193985007
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0115 8TH AVENUE SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0CEDAR RAPIDS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052404
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0199582
IRS990/CashNonInterestBearingGrp/EOYAmt0200009
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0249627
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0249627
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02394
IRS990/ConferencesMeetingsGrp/TotalAmt02394
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0319972
IRS990/CYOtherExpensesAmt01035001
IRS990/CYOtherRevenueAmt0504362
IRS990/CYProgramServiceRevenueAmt01382594
IRS990/CYRevenuesLessExpensesAmt0533422
IRS990/CYSalariesCompEmpBnftPaidAmt0638505
IRS990/CYTotalExpensesAmt01673506
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02206928
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt065018
IRS990/DepreciationDepletionGrp/TotalAmt065018
IRS990/Desc0THE ORGANIZATION HAS MEMBERS WHO HAVE CHECKING ACCOUNTS AND LOANS. APPROXIMATELY 3,123 MEMBERS WERE SERVED DURING THE YEAR.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01673506
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt027890
IRS990/FeesForServicesAccountingGrp/TotalAmt027890
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0-7139
IRS990/FeesForServicesLegalGrp/TotalAmt0-7139
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt845.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt831773
IRS990/Form990PartVIISectionAGrp/PersonNm0DARRELL CANNON
IRS990/Form990PartVIISectionAGrp/PersonNm1WENDEE EALY
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT LABUS
IRS990/Form990PartVIISectionAGrp/PersonNm3ANN OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm4KRISTIE CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm5BEN GRIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRIS SWISER
IRS990/Form990PartVIISectionAGrp/PersonNm7JASON SEIBRECHT
IRS990/Form990PartVIISectionAGrp/PersonNm8BRAD MERTENS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8217854
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2AUDIT CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT/CEO/CFO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02206928
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0137087
IRS990/InformationTechnologyGrp/TotalAmt0137087
IRS990/InsuranceGrp/ProgramServicesAmt016910
IRS990/InsuranceGrp/TotalAmt016910
IRS990/InterestGrp/ProgramServicesAmt0167487
IRS990/InterestGrp/TotalAmt0167487
IRS990/InvestmentIncomeGrp/ExclusionAmt0319972
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0319972
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0797
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01230808
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0418399
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0389145
IRS990/LandBldgEquipCostOrOtherBssAmt01619953
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0126136
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0126136
IRS990/MissionDesc0TO HELP MEMBERS WITH THEIR FINANCES, ACCEPT DEPOSITS AND MAKE LOANS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04060896
IRS990/NetAssetsOrFundBalancesEOYAmt04565385
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt051641
IRS990/OccupancyGrp/TotalAmt051641
IRS990/OfficeExpensesGrp/ProgramServicesAmt086154
IRS990/OfficeExpensesGrp/TotalAmt086154
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02095884
IRS990/OtherAssetsTotalGrp/EOYAmt02303953
IRS990/OtherChangesInNetAssetsAmt0-28933
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt095453
IRS990/OtherEmployeeBenefitsGrp/TotalAmt095453
IRS990/OtherExpensesGrp/Desc0ATM/DEBIT CARD EXPENSE
IRS990/OtherExpensesGrp/Desc1ALLOWANCE FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN EXPENSES
IRS990/OtherExpensesGrp/Desc3MORTGAGE ORIGINATION
IRS990/OtherExpensesGrp/ProgramServicesAmt0196297
IRS990/OtherExpensesGrp/ProgramServicesAmt159460
IRS990/OtherExpensesGrp/ProgramServicesAmt239195
IRS990/OtherExpensesGrp/ProgramServicesAmt321520
IRS990/OtherExpensesGrp/TotalAmt0196297
IRS990/OtherExpensesGrp/TotalAmt159460
IRS990/OtherExpensesGrp/TotalAmt239195
IRS990/OtherExpensesGrp/TotalAmt321520
IRS990/OtherLiabilitiesGrp/BOYAmt028960865
IRS990/OtherLiabilitiesGrp/EOYAmt031946254
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/RelatedOrExemptFuncIncomeAmt0190935
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1149764
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt237527
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0190935
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1149764
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt237527
IRS990/OtherRevenueTotalAmt0504362
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0212870
IRS990/OtherSalariesAndWagesGrp/TotalAmt0212870
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt024300175
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt026002293
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt011241
IRS990/PaymentsToAffiliatesGrp/TotalAmt011241
IRS990/PayrollTaxesGrp/ProgramServicesAmt038880
IRS990/PayrollTaxesGrp/TotalAmt038880
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01166707
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01247300
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt041675
IRS990/PensionPlanContributionsGrp/TotalAmt041675
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064566
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052494
IRS990/PrincipalOfficerNm0BRAD MERTENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01382594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01382594
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt086213
IRS990/PYOtherExpensesAmt0995833
IRS990/PYOtherRevenueAmt0509655
IRS990/PYProgramServiceRevenueAmt01190708
IRS990/PYRevenuesLessExpensesAmt0230550
IRS990/PYSalariesCompEmpBnftPaidAmt0560193
IRS990/PYTotalExpensesAmt01556026
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01786576
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0533422
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01886956
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02894189
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03318085
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06143384
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07824235
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0224430
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0835059
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01059489
IRS990ScheduleD/EquipmentGrp/BookValueAmt032281
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0384507
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0416788
IRS990ScheduleD/ExpensesNotReportedAmt028933
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01673506
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0132434
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0132434
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011242
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011242
IRS990ScheduleD/LossesReportedAmt028933
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01037594
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt162943
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2289459
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3364170
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt540000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt69787
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/OtherLiabilitiesOrgGrp/Amt031946254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02206928
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/TotalBookValueLandBuildingsAmt0389145
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02303953
IRS990ScheduleD/TotalExpensesPerForm990Amt01673506
IRS990ScheduleD/TotalLiabilityAmt031946254
IRS990ScheduleD/TotalRevenuePerForm990Amt02206928
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02206928
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01702439
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0104057
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0113797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt09970
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021803
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRAD MERTENS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0249627
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/ExplanationTxt5UNREALIZED LOSS ON INVESTMENT -28,933.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 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/TotalAssetsBOYAmt033221990
IRS990/TotalAssetsEOYAmt036772129
IRS990/TotalAssetsGrp/BOYAmt033221990
IRS990/TotalAssetsGrp/EOYAmt036772129
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01673506
IRS990/TotalFunctionalExpensesGrp/TotalAmt01673506
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029161094
IRS990/TotalLiabilitiesEOYAmt032206744
IRS990/TotalLiabilitiesGrp/BOYAmt029161094
IRS990/TotalLiabilitiesGrp/EOYAmt032206744
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04060896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04565385
IRS990/TotalOtherCompensationAmt031773
IRS990/TotalProgramServiceExpensesAmt01673506

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,772,129
Liabilities
$32,206,744
Net assets
$4,565,385
Revenue
$2,206,928
Expenses
$1,673,506
Net income
$533,422
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