Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2014 • EIN 56-6043259

Jan 01, 2014 to Dec 31, 2014 • Filed on May 12, 2015

Organization ProfileWWW.MEMCU.COM

View Organization Page

2098 Frontis Plaza BlvdWinston Salem, NC 27103

(336) 748-4800

Siviq Scores

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

Liabilities / Assets

55th percentile

0.90x

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

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

41st percentile

17.21x

Higher debt load relative to revenue than 41% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

18th percentile

7.7%

Higher net margin than 18% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

39th percentile

$333,697

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

45th percentile

4.2%

Faster asset growth than 45% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-1.3%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$254,555,183

Up $10,330,477 (+4.2%) from 2013

Net Assets

Up

$26,141,198

Up $4,730,969 (+22%) from 2013

Liabilities

Up

$228,413,985

Up $5,599,508 (+2.5%) from 2013

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin18th percentile

Revenue

Down

$13,272,683

Down $168,031 (-1.3%) from 2013

Expenses

Down

$12,253,085

Down $301,207 (-2.4%) from 2013

Net Income

Up

$1,019,598

Up $133,176 (+15%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$600M$400M$200M$0Assets 2010: $233,315,673Liabilities 2010: $210,620,045Net Assets 2010: $22,695,6282010Assets 2011: $228,882,937Liabilities 2011: $204,553,160Net Assets 2011: $24,329,7772011Assets 2012: $242,778,294Liabilities 2012: $217,083,245Net Assets 2012: $25,695,0492012Assets 2013: $244,224,706Liabilities 2013: $222,814,477Net Assets 2013: $21,410,2292013Assets 2014: $254,555,183Liabilities 2014: $228,413,985Net Assets 2014: $26,141,1982014Assets 2015: $267,005,553Liabilities 2015: $239,927,736Net Assets 2015: $27,077,8172015Assets 2016: $275,117,566Liabilities 2016: $245,724,280Net Assets 2016: $29,393,2862016Assets 2017: $274,529,894Liabilities 2017: $243,304,111Net Assets 2017: $31,225,7832017Assets 2018: $278,055,913Liabilities 2018: $244,372,103Net Assets 2018: $33,683,8102018Assets 2019: $326,531,018Liabilities 2019: $285,044,915Net Assets 2019: $41,486,1032019Assets 2020: $393,966,694Liabilities 2020: $350,535,605Net Assets 2020: $43,431,0892020Assets 2021: $454,901,827Liabilities 2021: $408,280,777Net Assets 2021: $46,621,0502021Assets 2022: $463,047,549Liabilities 2022: $411,910,917Net Assets 2022: $51,136,6322022Assets 2023: $435,247,947Liabilities 2023: $377,962,209Net Assets 2023: $57,285,7382023Assets 2024: $438,433,803Liabilities 2024: $376,083,056Net Assets 2024: $62,350,7472024

Highlighted filing

2014

Assets$254,555,183
Liabilities$228,413,985
Net Assets$26,141,198
Open 2014 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $15,093,4992010Expenses 2011: $14,485,1512011Expenses 2012: $13,039,4132012Revenue 2013: $13,440,714Expenses 2013: $12,554,292Net Income 2013: $886,4222013Revenue 2014: $13,272,683Expenses 2014: $12,253,085Net Income 2014: $1,019,5982014Revenue 2015: $13,369,250Expenses 2015: $12,174,959Net Income 2015: $1,194,2912015Revenue 2016: $13,800,690Expenses 2016: $12,309,308Net Income 2016: $1,491,3822016Revenue 2017: $14,576,973Expenses 2017: $12,519,158Net Income 2017: $2,057,8152017Revenue 2018: $15,894,984Expenses 2018: $13,208,215Net Income 2018: $2,686,7692018Revenue 2019: $16,580,352Expenses 2019: $14,085,519Net Income 2019: $2,494,8332019Revenue 2020: $16,257,917Expenses 2020: $14,447,894Net Income 2020: $1,810,0232020Revenue 2021: $18,489,124Expenses 2021: $14,683,534Net Income 2021: $3,805,5902021Revenue 2022: $22,460,729Expenses 2022: $16,270,011Net Income 2022: $6,190,7182022Revenue 2023: $26,897,077Expenses 2023: $20,074,354Net Income 2023: $6,822,7232023Revenue 2024: $27,410,451Expenses 2024: $22,657,073Net Income 2024: $4,753,3782024

Highlighted filing

2014

Revenue$13,272,683
Expenses$12,253,085
Net Income$1,019,598
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 12, 2015
Return Version
2014v5.0
Gross Receipts
$13,272,683
Mission and Program Overview

Mission

To offer reasonable products and services to our members.

As a member owned cooperative our primary responsibility is to contribute to the well being our members who depend on us to provide a full range of diverse products so that we may be their primary financial institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$136,973,944$144,592,857▲ $7,618,913
Other Notes and Loans Receivable, Net$89,366,620$92,191,935▲ $2,825,315
Rtn Earn Endowment Incm Other Fnds$21,410,229$26,141,198▲ $4,730,969
Land, Buildings, and Equipment, Net$8,554,019$8,266,505▼ $287,514
Cash and Non-Interest-Bearing Accounts$5,960,710$6,229,539▲ $268,829
Total Assets$244,224,706$254,555,183▲ $10,330,477
Other Assets Total$3,369,413$3,274,347▼ $95,066
Liabilities
Other Liabilities$221,499,640$225,461,138▲ $3,961,498
Accounts Payable and Accrued Expenses$1,314,837$2,952,847▲ $1,638,010
Total Liabilities$222,814,477$228,413,985▲ $5,599,508
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,410,229$26,141,198▲ $4,730,969
Total Liabilities and Net Assets / Fund Balance$244,224,706$254,555,183▲ $10,330,477

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,710,026$1,347,839$5,057,865
Land$3,641,984-$3,641,984
Other Land Buildings$561,695$2,158,759$2,720,454
Equipment$352,272$1,182,419$1,534,691
Leasehold Improvements$528$203,251$203,779
Other Assets Org$278,804--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack V Braswell JrPresident CEOFT$333,697-$333,697
Jack V Braswell Jr--$275,855$57,842$333,697
Robert C DonleyExecutive Vice President - AdministrationFT$249,564-$249,564
Robert C Donley--$221,031$28,533$249,564
Cindy J StiffDirector of AccountingFT$93,923-$93,923
Melanie H HuffmanExecutive SecretaryFT$45,825-$45,825

Board Members and Trustees

NameTitle
William a TittsworthDirector Board Chairman
Ben D BorugianDirector
Durham C White JrDirector
Jeff SeafordDirector
Jerry P ChurchDirector
John R LoftinDirector
Karen KellerDirector
Richard L TrotterDirector
William C PartonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,576,992
Investment Income
$3,340,287
Other Revenue
$355,404
Change in Net Assets
$1,019,598

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,867,294
Revenue Not Reported on Financial Statements
$1,405,389
Other Revenue Adjustments
$1,405,389
Total Revenue per Audited Statements
$11,867,294
Total Revenue per Form 990
$13,272,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,757,489
Salaries, Compensation, and Employee Benefits$5,368,578
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,243,351
Office Expenses---$1,240,548
Other Employee Benefits---$878,209
Occupancy---$847,214
Current Officers, Directors, Trustees, and Key Employees---$723,009
Interest---$682,289
All Other Expenses---$451,025
Depreciation Depletion---$356,196
Information Technology---$338,643
Payroll Taxes---$308,574
Advertising---$231,958
Pension Plan Contributions---$215,435
Benefits to Members---$127,018
Other Expenses---$63,152
Conferences and Meetings---$45,902
Travel---$41,724
Fees for Services Accounting---$34,140
Fees for Services Legal---$5,827
Total Functional Expenses$0$0$0$12,253,085

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,253,085
Expenses per Audited Statements$10,847,696
Total Expenses per Audited Statements$10,847,696
Expenses Not Reported on Financial Statements$1,405,389
Other Expense Adjustments$1,405,389
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$225,461,138
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI - Section B (11 A)

“Form 990 is reviewed by the president and executive vice president. The form and all schedules are reviewed prior to transmission to the irs. Part vi - section b (12 c) written reports are submitted monthly to the board of directors. Part vi - section b (15 a-b) we have a board approved salary plan for all non-exempt employees of the credit union. This plan is reviewed annually by the board of directors. The board uses industry survey data as a major component for any change to this plan and in determining salaries of all non exempt employees. Part vi - section c (19) - the governing documents of the organization are made available to the public upon request. Additionally financial statements are posted in the common areas of credit union branches.”

Filing and Contact Details

Filer

Filer Name
Members Credit Union
EIN
56-6043259
Address
2098 FRONTIS PLAZA BLVD, WINSTON SALEM, NC 27103

Signing Officer

Name
Jack Braswell
Title
Presidentceo
Phone
3367484800
Signed
2015-05-12

Organization Details

Principal Officer
Jack Braswell
Formed
1959
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
9
Employees
99
Supplemental Narrative

Financial Statement Notes

Part XI - Line 4B

“Atm & visa expenses are offset against income.”

Part XII - Line 4B

“Atm & visa expenses are offset against income.”

Raw XML Appendix398 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01314837
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02952847
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityCd0522130
IRS990/ActivityOrMissionDesc0AS A MEMBER OWNED COOPERATIVE OUR PRIMARY RESPONSIBILITY IS TO CONTRIBUTE TO THE WELL BEING OUR MEMBERS WHO DEPEND ON US TO PROVIDE A FULL RANGE OF DIVERSE PRODUCTS SO THAT WE MAY BE THEIR PRIMARY FINANCIAL INSTITUTION.
IRS990/AdvertisingGrp/TotalAmt0231958
IRS990/AllOtherExpensesGrp/TotalAmt0451025
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BenefitsToMembersGrp/TotalAmt0127018
IRS990/BooksInCareOfDetail/PersonNm0CINDY STIFF
IRS990/BooksInCareOfDetail/PhoneNum03367484800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02098 FRONTIS PLAZA BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0WINSTON SALEM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027103
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05960710
IRS990/CashNonInterestBearingGrp/EOYAmt06229539
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0723009
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt045902
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt03674
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0127018
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03340287
IRS990/CYOtherExpensesAmt06757489
IRS990/CYOtherRevenueAmt0355404
IRS990/CYProgramServiceRevenueAmt09576992
IRS990/CYRevenuesLessExpensesAmt01019598
IRS990/CYSalariesCompEmpBnftPaidAmt05368578
IRS990/CYTotalExpensesAmt012253085
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt013272683
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0356196
IRS990/Desc0CREDIT UNION PROGRAMS LOANS TO MEMBERS. TOTAL LOANS 22654 SERVICES TO ALL MEMBERS. TOTAL MEMBERS 48838. CHECKING ACCOUNTS SAVINGS ACCOUNTS CONSUMER LOANS MORTGAGE LOANS THOROUGH FAIRWAY MORTGAGE. MEMBERS FINANCIAL PLANNING. REMOTE ACCOUNT ACCESS. FAMILY SECURITY PLAN AND MEMCU INSURANCE.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt099
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt034140
IRS990/FeesForServicesLegalGrp/TotalAmt05827
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340
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/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
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/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0JACK V BRASWELL JR
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT C DONLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2CINDY J STIFF
IRS990/Form990PartVIISectionAGrp/PersonNm3MELANIE H HUFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4JERRY P CHURCH
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN R LOFTIN
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM C PARTON
IRS990/Form990PartVIISectionAGrp/PersonNm7KAREN KELLER
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAM A TITTSWORTH
IRS990/Form990PartVIISectionAGrp/PersonNm9RICHARD L TROTTER
IRS990/Form990PartVIISectionAGrp/PersonNm10DURHAM C WHITE JR
IRS990/Form990PartVIISectionAGrp/PersonNm11BEN D BORUGIAN
IRS990/Form990PartVIISectionAGrp/PersonNm12JEFF SEAFORD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0333697
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1249564
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt293923
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt345825
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE VICE PRESIDENT - ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF ACCOUNTING
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt013272683
IRS990/GrossSalesOfInventoryAmt02306
IRS990/GroupExemptionNum02032
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0338643
IRS990/InterestGrp/TotalAmt0682289
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03340287
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03340287
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07226
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04892269
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08554019
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08266505
IRS990/LandBldgEquipCostOrOtherBssAmt013158774
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO OFFER REASONABLE PRODUCTS AND SERVICES TO OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt021410229
IRS990/NetAssetsOrFundBalancesEOYAmt026141198
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-1368
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-1368
IRS990/NetUnrlzdGainsLossesInvstAmt03711371
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0847214
IRS990/OfficeExpensesGrp/TotalAmt01240548
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OtherAssetsTotalGrp/BOYAmt03369413
IRS990/OtherAssetsTotalGrp/EOYAmt03274347
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0878209
IRS990/OtherExpensesGrp/Desc0ATM & VISA EXPENSES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2SUPERVISORY & EXAM FEES
IRS990/OtherExpensesGrp/TotalAmt01405390
IRS990/OtherExpensesGrp/TotalAmt11013481
IRS990/OtherExpensesGrp/TotalAmt263152
IRS990/OtherLiabilitiesGrp/BOYAmt0221499640
IRS990/OtherLiabilitiesGrp/EOYAmt0225461138
IRS990/OtherRevenueMiscGrp/BusinessCd0522130
IRS990/OtherRevenueMiscGrp/Desc0NON OPERATING INCOME - RENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0356772
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0356772
IRS990/OtherRevenueTotalAmt0356772
IRS990/OtherSalariesAndWagesGrp/TotalAmt03243351
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt089366620
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt092191935
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0308574
IRS990/PensionPlanContributionsGrp/TotalAmt0215435
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JACK BRASWELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05158467
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14418525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05158467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14418525
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0198227
IRS990/PYInvestmentIncomeAmt03658123
IRS990/PYOtherExpensesAmt07113176
IRS990/PYOtherRevenueAmt0356372
IRS990/PYProgramServiceRevenueAmt09426219
IRS990/PYRevenuesLessExpensesAmt0886422
IRS990/PYSalariesCompEmpBnftPaidAmt05242889
IRS990/PYTotalExpensesAmt012554292
IRS990/PYTotalRevenueAmt013440714
IRS990/ReconcilationRevenueExpnssAmt01019598
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt021410229
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt026141198
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0136973944
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0144592857
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03710026
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01347839
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05057865
IRS990ScheduleD/EquipmentGrp/BookValueAmt0352272
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01182419
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01534691
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01405389
IRS990ScheduleD/ExpensesSubtotalAmt010847696
IRS990ScheduleD/LandGrp/BookValueAmt03641984
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03641984
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0528
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0203251
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0203779
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01500911
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11024446
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2470186
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3278804
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCOUNTS RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PREPAID EXPENSES
IRS990ScheduleD/OtherExpensesNotIncludedAmt01405389
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0561695
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02158759
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02720454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0225461138
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01405389
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01405389
IRS990ScheduleD/RevenueSubtotalAmt011867294
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ATM & VISA EXPENSES ARE OFFSET AGAINST INCOME.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ATM & VISA EXPENSES ARE OFFSET AGAINST INCOME.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI - LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII - LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08266505
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03274347
IRS990ScheduleD/TotalExpensesPerForm990Amt012253085
IRS990ScheduleD/TotalLiabilityAmt0225461138
IRS990ScheduleD/TotalRevenuePerForm990Amt013272683
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011867294
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010847696
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0275855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1221031
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount051632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount124783
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt06210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt13750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JACK V BRASWELL JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBERT C DONLEY
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE PRESIDENT AND EXECUTIVE VICE PRESIDENT. THE FORM AND ALL SCHEDULES ARE REVIEWED PRIOR TO TRANSMISSION TO THE IRS. PART VI - SECTION B (12 C) WRITTEN REPORTS ARE SUBMITTED MONTHLY TO THE BOARD OF DIRECTORS. PART VI - SECTION B (15 A-B) WE HAVE A BOARD APPROVED SALARY PLAN FOR ALL NON-EXEMPT EMPLOYEES OF THE CREDIT UNION. THIS PLAN IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE BOARD USES INDUSTRY SURVEY DATA AS A MAJOR COMPONENT FOR ANY CHANGE TO THIS PLAN AND IN DETERMINING SALARIES OF ALL NON EXEMPT EMPLOYEES. PART VI - SECTION C (19) - THE GOVERNING DOCUMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY FINANCIAL STATEMENTS ARE POSTED IN THE COMMON AREAS OF CREDIT UNION BRANCHES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI - SECTION B (11 A)
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0THE MEMBERS GROUP LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0113824531
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0244707
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0FINANCE & INSURANCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-4152
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02098 FRONTIS PLAZA BLVD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0WINSTON SALEM
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd027103
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0244224706
IRS990/TotalAssetsEOYAmt0254555183
IRS990/TotalAssetsGrp/BOYAmt0244224706
IRS990/TotalAssetsGrp/EOYAmt0254555183
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt099
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt012253085
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0222814477
IRS990/TotalLiabilitiesEOYAmt0228413985
IRS990/TotalLiabilitiesGrp/BOYAmt0222814477
IRS990/TotalLiabilitiesGrp/EOYAmt0228413985
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt021410229
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026141198
IRS990/TotalProgramServiceRevenueAmt09576992
IRS990/TotalReportableCompFromOrgAmt0723009
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013272683
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013272683
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0244224706
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0254555183
IRS990/TravelGrp/TotalAmt041724
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MEMCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK BRASWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENTCEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03367484800
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMBERS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MEMB
ReturnHeader/Filer/EIN0566043259
ReturnHeader/Filer/USAddress/AddressLine1Txt02098 FRONTIS PLAZA BLVD
ReturnHeader/Filer/USAddress/CityNm0WINSTON SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027103
ReturnHeader/ReturnTs02015-05-12T13:35:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$254,555,183
Liabilities
$228,413,985
Net assets
$26,141,198
Revenue
$13,272,683
Expenses
$12,253,085
Net income
$1,019,598
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$438$376$62.4$27.4$22.7$4.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$435$378$57.3$26.9$20.1$6.82
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$463$412$51.1$22.5$16.3$6.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$455$408$46.6$18.5$14.7$3.81
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$394$351$43.4$16.3$14.4$1.81
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$327$285$41.5$16.6$14.1$2.49
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$278$244$33.7$15.9$13.2$2.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$275$243$31.2$14.6$12.5$2.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$275$246$29.4$13.8$12.3$1.49
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$267$240$27.1$13.4$12.2$1.19
2014Detailed filing. Detailed filing data is available for this year.$255$228$26.1$13.3$12.3$1.02
2013Detailed filing. Detailed filing data is available for this year.$244$223$21.4$13.4$12.6$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$243$217$25.7$13.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$229$205$24.3$14.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$233$211$22.7$15.1