Civic Intelligence

Metco Credit Union

990 • Fiscal year 2020 • EIN 42-0835734

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 16, 2021

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

53rd percentile

0.88x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

29th percentile

18.61x

Higher debt load relative to revenue than 29% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

95th percentile

30%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$181,152

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

82nd percentile

21%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

-4.6%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$44,375,606

Up $7,603,477 (+21%) from 2019

Net Assets

Up

$5,193,545

Up $628,160 (+14%) from 2019

Liabilities

Up

$39,182,061

Up $6,975,317 (+22%) from 2019

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin95th percentile

Revenue

Down

$2,105,477

Down $101,451 (-4.6%) from 2019

Expenses

Down

$1,477,317

Down $196,189 (-12%) from 2019

Net Income

Up

$628,160

Up $94,738 (+18%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2020

Assets$44,375,606
Liabilities$39,182,061
Net Assets$5,193,545
Open 2020 Filing

Operations Trend

Revenue Growth56th 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

2020

Revenue$2,105,477
Expenses$1,477,317
Net Income$628,160
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 16, 2021
Return Version
2020v4.1
Gross Receipts
$2,105,477
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$26,002,293$28,126,619▲ $2,124,326
Savings and Temporary Cash Investments$7,824,235$13,253,449▲ $5,429,214
Rtn Earn Endowment Incm Other Fnds$3,318,085$3,846,706▲ $528,621
Pd in Cap Srpls Land Bldg Eqp Fund$1,247,300$1,346,839▲ $99,539
Land, Buildings, and Equipment, Net$389,145$337,534▼ $51,611
Cash and Non-Interest-Bearing Accounts$200,009$243,375▲ $43,366
Prepaid Expenses and Deferred Charges$52,494$71,868▲ $19,374
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$36,772,129$44,375,606▲ $7,603,477
Other Assets Total$2,303,953$2,342,761▲ $38,808
Liabilities
Other Liabilities$31,946,254$38,933,733▲ $6,987,479
Accounts Payable and Accrued Expenses$260,490$248,328▼ $12,162
Total Liabilities$32,206,744$39,182,061▲ $6,975,317
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,565,385$5,193,545▲ $628,160
Total Liabilities and Net Assets / Fund Balance$36,772,129$44,375,606▲ $7,603,477

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$171,039$888,450$1,059,489
Equipment$34,061$395,816$429,877
Land$132,434-$132,434
Leasehold Improvements$0$11,242$11,242
Other Assets Org$8,025--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad MertensPresident/CEO/CFOFT$115,253$65,899$181,152

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
$1,475,607
Investment Income
$242,671
Other Revenue
$387,199
Change in Net Assets
$628,160

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,105,477
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,105,477
Total Revenue per Form 990
$2,105,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$892,937
Salaries, Compensation, and Employee Benefits$584,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$249,721--$249,721
Current Officers, Directors, Trustees, and Key Employees$181,152--$181,152
Interest$161,778--$161,778
Information Technology$141,529--$141,529
Office Expenses$92,657--$92,657
Other Employee Benefits$86,450--$86,450
All Other Expenses$82,505--$82,505
Advertising$74,142--$74,142
Depreciation Depletion$64,700--$64,700
Occupancy$48,242--$48,242
Payroll Taxes$34,826--$34,826
Pension Plan Contributions$32,231--$32,231
Fees for Services Accounting$29,462--$29,462
Insurance$17,901--$17,901
Other Expenses$14,268--$14,268
Payments to Affiliates$11,163--$11,163
Travel$7,213--$7,213
Fees for Services Legal$3,777--$3,777
Conferences and Meetings$2,400--$2,400
Total Functional Expenses$1,477,317$0$0$1,477,317

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,477,317
Total Expenses per Audited Statements$1,477,317
Total Expenses per Form 990$1,477,317
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$38,933,733
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
2021-06-16
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 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 451 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/EOYAmt038933733
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/RelatedOrExemptFuncIncomeAmt0109492
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt191511
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt233342
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0109492
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt191511
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt233342
IRS990/OtherRevenueTotalAmt0387199
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0249721
IRS990/OtherSalariesAndWagesGrp/TotalAmt0249721
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt026002293
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028126619
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt011163
IRS990/PaymentsToAffiliatesGrp/TotalAmt011163
IRS990/PayrollTaxesGrp/ProgramServicesAmt034826
IRS990/PayrollTaxesGrp/TotalAmt034826
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01247300
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01346839
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt032231
IRS990/PensionPlanContributionsGrp/TotalAmt032231
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052494
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt071868
IRS990/PrincipalOfficerNm0BRAD MERTENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01475607
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01475607
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0319972
IRS990/PYOtherExpensesAmt01035001
IRS990/PYOtherRevenueAmt0504362
IRS990/PYProgramServiceRevenueAmt01382594
IRS990/PYRevenuesLessExpensesAmt0533422
IRS990/PYSalariesCompEmpBnftPaidAmt0638505
IRS990/PYTotalExpensesAmt01673506
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02206928
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0628160
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01862806
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03318085
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03846706
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07824235
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013253449
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0171039
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0888450
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01059489
IRS990ScheduleD/EquipmentGrp/BookValueAmt034061
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0395816
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0429877
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01477317
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0132434
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0132434
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011242
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01142014
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt164708
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2319094
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3264720
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt544200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt68025
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/Amt038933733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02105477
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/TotalBookValueLandBuildingsAmt0337534
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02342761
IRS990ScheduleD/TotalExpensesPerForm990Amt01477317
IRS990ScheduleD/TotalLiabilityAmt038933733
IRS990ScheduleD/TotalRevenuePerForm990Amt02105477
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02105477
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01477317
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0115253
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount030993
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010936
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023970
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRAD MERTENS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0181152
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt036772129
IRS990/TotalAssetsEOYAmt044375606
IRS990/TotalAssetsGrp/BOYAmt036772129
IRS990/TotalAssetsGrp/EOYAmt044375606
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01477317
IRS990/TotalFunctionalExpensesGrp/TotalAmt01477317
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032206744
IRS990/TotalLiabilitiesEOYAmt039182061
IRS990/TotalLiabilitiesGrp/BOYAmt032206744
IRS990/TotalLiabilitiesGrp/EOYAmt039182061
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04565385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05193545
IRS990/TotalOtherCompensationAmt034906
IRS990/TotalProgramServiceExpensesAmt01477317
IRS990/TotalProgramServiceRevenueAmt01475607
IRS990/TotalReportableCompFromOrgAmt0146246
IRS990/TotalRevenueGrp/ExclusionAmt0242671
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01862806

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,375,606
Liabilities
$39,182,061
Net assets
$5,193,545
Revenue
$2,105,477
Expenses
$1,477,317
Net income
$628,160
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