Civic Intelligence

Matagorda County Credit Union

EIN 74-6057015 • 501(c)14 • Bay City, TX

View Organization Page

Profile

Credit union is member owner and exists to promote financial security thru savings, lending, financial education and other financial services which reflect their changing needs. We support our member and our community

3700 Avenue FBay City, TX 77414-7606

www.matagordaccu.com

Siviq Scores

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

Liabilities / Assets

41st percentile

0.86x

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

501(c)14 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

20.85x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Net Margin

97th percentile

36%

Higher net margin than 97% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$25M-$50M nonprofits • Source year 2016

Asset Growth

34th percentile

-2.3%

Faster asset growth than 34% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$34,446,878

Down $821,909 (-2.3%) from 2022

Liabilities

Down

$29,764,003

Down $1,331,408 (-4.3%) from 2022

Net Assets

Up

$4,682,875

Up $509,499 (+12%) from 2022

Operations
Liabilities / Revenue68th percentileNet Margin97th percentile

Revenue

Up

$1,427,676

Up $259,518 (+22%) from 2022

Expenses

Up

$918,177

Up $21,592 (+2.4%) from 2022

Net Income

Up

$509,499

Up $237,926 (+88%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

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

$40M$30M$20M$10M$0Assets 2010: $21,954,491Liabilities 2010: $24,919Net Assets 2010: $21,929,5722010Assets 2011: $23,670,988Liabilities 2011: $20,798,386Net Assets 2011: $2,872,6022011Assets 2012: $23,947,246Liabilities 2012: $21,099,580Net Assets 2012: $2,847,6662012Assets 2013: $24,891,901Liabilities 2013: $22,068,864Net Assets 2013: $2,823,0372013Assets 2014: $24,244,102Liabilities 2014: $21,437,405Net Assets 2014: $2,806,6972014Assets 2015: $25,416,402Liabilities 2015: $22,585,693Net Assets 2015: $2,830,7092015Assets 2016: $26,517,589Liabilities 2016: $23,591,962Net Assets 2016: $2,925,6272016Assets 2017: $28,459,518Liabilities 2017: $25,382,792Net Assets 2017: $3,076,7262017Assets 2018: $29,632,485Liabilities 2018: $26,284,660Net Assets 2018: $3,347,8252018Assets 2019: $29,477,124Liabilities 2019: $25,884,220Net Assets 2019: $3,592,9042019Assets 2020: $30,948,194Liabilities 2020: $27,105,694Net Assets 2020: $3,842,5002020Assets 2021: $33,797,339Liabilities 2021: $29,895,536Net Assets 2021: $3,901,8032021Assets 2022: $35,268,787Liabilities 2022: $31,095,411Net Assets 2022: $4,173,3762022Assets 2023: $34,446,878Liabilities 2023: $29,764,003Net Assets 2023: $4,682,8752023

Highlighted filing

2023

Assets$34,446,878
Liabilities$29,764,003
Net Assets$4,682,875
Open 2023 Filing

Operations Trend

Revenue Growth78th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,063,1182010Expenses 2011: $959,1002011Expenses 2012: $784,4052012Revenue 2013: $721,517Expenses 2013: $746,146Net Income 2013: -$24,6292013Revenue 2014: $743,489Expenses 2014: $759,829Net Income 2014: -$16,3402014Revenue 2015: $858,567Expenses 2015: $834,555Net Income 2015: $24,0122015Revenue 2016: $918,697Expenses 2016: $823,779Net Income 2016: $94,9182016Revenue 2017: $965,399Expenses 2017: $814,300Net Income 2017: $151,0992017Revenue 2018: $1,165,456Expenses 2018: $894,357Net Income 2018: $271,0992018Revenue 2019: $1,188,749Expenses 2019: $943,670Net Income 2019: $245,0792019Revenue 2020: $1,130,310Expenses 2020: $880,714Net Income 2020: $249,5962020Revenue 2021: $993,724Expenses 2021: $934,421Net Income 2021: $59,3032021Revenue 2022: $1,168,158Expenses 2022: $896,585Net Income 2022: $271,5732022Revenue 2023: $1,427,676Expenses 2023: $918,177Net Income 2023: $509,4992023

Highlighted filing

2023

Revenue$1,427,676
Expenses$918,177
Net Income$509,499
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$34,446,878
Liabilities
$29,764,003
Net assets
$4,682,875
Revenue
$1,427,676
Expenses
$918,177
Net income
$509,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$34.4$29.8$4.68$1.43$0.92$0.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.3$31.1$4.17$1.17$0.90$0.27
2021Summary only. Only limited summary data is available for this year.$33.8$29.9$3.90$0.99$0.93$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.9$27.1$3.84$1.13$0.88$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.5$25.9$3.59$1.19$0.94$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.6$26.3$3.35$1.17$0.89$0.27
2017Summary only. Only limited summary data is available for this year.$28.5$25.4$3.08$0.97$0.81$0.15
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.5$23.6$2.93$0.92$0.82$0.09
2015Summary only. Only limited summary data is available for this year.$25.4$22.6$2.83$0.86$0.83$0.02
2014Summary only. Only limited summary data is available for this year.$24.2$21.4$2.81$0.74$0.76$0.02
2013Detailed filing. Detailed filing data is available for this year.$24.9$22.1$2.82$0.72$0.75$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$21.1$2.85$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$20.8$2.87$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$0.02$21.9$1.06
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 21, 2017
Return Version
2016v3.0
Gross Receipts
$918,697
Mission and Program Overview

Mission

Credit union is member owner and exists to promote financial security thru savings, lending, financial education and other financial services which reflect their changing needs. We support our member and our community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$12,229,818$13,337,538▲ $1,107,720
Other Notes and Loans Receivable, Net$11,449,302$11,221,825▼ $227,477
Rtn Earn Endowment Incm Other Fnds$2,830,709$2,925,627▲ $94,918
Cash and Non-Interest-Bearing Accounts$579,704$958,559▲ $378,855
Savings and Temporary Cash Investments$670,913$522,532▼ $148,381
Land, Buildings, and Equipment, Net$407,427$390,960▼ $16,467
Prepaid Expenses and Deferred Charges$37,627$44,469▲ $6,842
Total Assets$25,416,402$26,517,589▲ $1,101,187
Other Assets Total$41,611$41,706▲ $95
Liabilities
Other Liabilities$22,236,408$23,450,760▲ $1,214,352
Accounts Payable and Accrued Expenses$349,285$141,202▼ $208,083
Total Liabilities$22,585,693$23,591,962▲ $1,006,269
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,830,709$2,925,627▲ $94,918
Total Liabilities and Net Assets / Fund Balance$25,416,402$26,517,589▲ $1,101,187

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$183,340$351,854$535,194
Equipment$70,770$240,914$311,684
Land$136,850-$136,850
Investment Program Related Org$25,111--
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Carol ButlerChairman
John RotherVice Chairma
Jessica EstinbaumDirector
Lc CunninghamDirector
Robert ReedDirector
Connie BramSecretary
Maria EnochTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$769,916
Investment Income
$148,781
Other Revenue
$0
Change in Net Assets
$94,918
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$423,863
Salaries, Compensation, and Employee Benefits$338,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$264,021
Fees for Services Other---$160,913
Occupancy---$62,447
Benefits to Members---$61,456
Office Expenses---$60,193
Other Employee Benefits---$44,542
Insurance---$37,456
Depreciation Depletion---$26,777
Payroll Taxes---$19,700
All Other Expenses---$10,812
Pension Plan Contributions---$10,197
Other Expenses---$9,407
Advertising---$5,181
Conferences and Meetings---$5,122
Total Functional Expenses$0$0$0$823,779
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/deposits$23,450,760
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

Form 990, Page 6, Part VI, Line 6

“Matagorda county is a state chartered credit union comprised of owner/members from a common field of membership who have paid a minimum authorized membership fee into their share accounts.”

Form 990, Page 6, Part VI, Line 7A

“Members hold annual meetings at which time the members present elect open positions for board of directors.”

Form 990, Page 6, Part VI, Line 11B

“A copy of form 990 is provided to each board member for review. After review and discussion, the form is approved for remittance to the irs.”

Form 990, Page 6, Part VI, Line 12C

“All board of direcgtors and key employees are required to file an annual conflict of interest disclosure statement. The credit union monitors these statements to determine any outside entity activity and the nature of such interest.”

Form 990, Page 6, Part VI, Line 15B

“Board of directors review the compensatgion paid to their key employees on an annual basis and compares compensation levels against industry standards, credit union size, and services. All deliberations are formally recorded in appropriate official minutes.”

Form 990, Page 6, Part VI, Line 19

“The credit union posts its financial statements in the credit union lobby for all members to review. The governance documents and conflicts of interest statements are available in the credit union office for review upon request”

Filing and Contact Details

Filer

Filer Name
Matagorda County Credit Union
EIN
74-6057015
Phone
9792458674
Address
3700 AVENUE F, BAY CITY, TX 77414-7606

Signing Officer

Name
Linda Ging
Title
President
Phone
9792458674
Signed
2017-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Ging
Formed
1961
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
10

Preparer

Firm
Lema & Associates
Address
610 E MARKET ST STE 2906, SAN ANTONIO, TX 78205-2680
Preparer
Angel R Lema CPA
Phone
2102124822
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“No other accomplishments other than those noted on part iii section 4 of this return.”

Form 990, Page 5, Part V, Line 3B

“No taxable income recorded for tax year.”

Form 990, Part IX, Line 11G

“Prof.& outside services 75,595 0 0 data processing expense 78,377 0 0 tcul audit expense 6,941 0 0 total 160,913 0 0”

Raw XML Appendix349 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
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IRS990/AdvertisingGrp/TotalAmt05181
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IRS990/BooksInCareOfDetail/USAddress/CityNm0BAY CITY
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd0774147606
IRS990/BusinessRlnWithFamMemInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt0579704
IRS990/CashNonInterestBearingGrp/EOYAmt0958559
IRS990/ChangeToOrgDocumentsInd0false
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IRS990/CompensationFromOtherSrcsInd0false
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IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt05122
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt061456
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IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0148781
IRS990/CYOtherExpensesAmt0423863
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0769916
IRS990/CYRevenuesLessExpensesAmt094918
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0918697
IRS990/DecisionsSubjectToApprovaInd0false
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IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt026777
IRS990/Desc0SHARE ACCOUNTS HAVE GROWN BY 1.2 MILLION DURING TAXABLE YEAR.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/TotalAmt0160913
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CAROL BUTLER
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IRS990/Form990PartVIISectionAGrp/PersonNm2MARIA ENOCH
IRS990/Form990PartVIISectionAGrp/PersonNm3CONNIE BRAM
IRS990/Form990PartVIISectionAGrp/PersonNm4LC CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5JESSICA ESTINBAUM
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT REED
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/FSAuditedInd0true
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IRS990/LoanOutstandingInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc2NSF/OVERDRAWN ACCTS
IRS990/OtherExpensesGrp/Desc3ASSOCIATION DUES
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IRS990/OtherExpensesGrp/TotalAmt213915
IRS990/OtherExpensesGrp/TotalAmt39407
IRS990/OtherLiabilitiesGrp/BOYAmt022236408
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IRS990/PartialLiquidationInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1221133
IRS990/ProgSrvcAccomActy2Grp/Desc0NET INCOME IMPROVED. MORTGAGE LENDING INCREASED FROM 7 LOANS TOTALING 1,136,468 TO 13 LOANS TOTALING 1,748,952. DELINQUENCIES AND CHARGE-OFFS REMAIN LOW.
IRS990/ProgSrvcAccomActy3Grp/Desc0GREW MOBILE BANKING PARTICIPATION. UPGRADED DEBIT CARES, ATM CARDS AND CREDIT CARDS TO EMVC (CHIP) CARDS. NOW OFFERING AUTO WARRANTIES. ADDED SECURE E-MAIL CAPABILITIES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NO OTHER ACCOMPLISHMENTS OTHER THAN THOSE NOTED ON PART III SECTION 4 OF THIS RETURN.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0823779
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt059863
IRS990/PYInvestmentIncomeAmt0109441
IRS990/PYOtherExpensesAmt0441801
IRS990/PYProgramServiceRevenueAmt0749126
IRS990/PYRevenuesLessExpensesAmt024012
IRS990/PYSalariesCompEmpBnftPaidAmt0332891
IRS990/PYTotalExpensesAmt0834555
IRS990/PYTotalRevenueAmt0858567
IRS990/ReconcilationRevenueExpnssAmt094918
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02830709
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02925627
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0670913
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0522532
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0183340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0351854
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0535194
IRS990ScheduleD/EquipmentGrp/BookValueAmt070770
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0240914
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0311684
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt010390000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12300006
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2400000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3222421
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt425111
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERT. OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PERFORMANCE TIERED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CCFCU PLEDGED SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NCUSIF INSURANCE FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4MEMBERSHIP SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt0136850
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0136850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023450760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES/DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0390960
IRS990ScheduleD/TotalBookValueProgramRltdAmt013337538
IRS990ScheduleD/TotalLiabilityAmt023450760
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO OTHER ACCOMPLISHMENTS OTHER THAN THOSE NOTED ON PART III SECTION 4 OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO TAXABLE INCOME RECORDED FOR TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MATAGORDA COUNTY IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS FROM A COMMON FIELD OF MEMBERSHIP WHO HAVE PAID A MINIMUM AUTHORIZED MEMBERSHIP FEE INTO THEIR SHARE ACCOUNTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS HOLD ANNUAL MEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW. AFTER REVIEW AND DISCUSSION, THE FORM IS APPROVED FOR REMITTANCE TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD OF DIRECGTORS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE CREDIT UNION MONITORS THESE STATEMENTS TO DETERMINE ANY OUTSIDE ENTITY ACTIVITY AND THE NATURE OF SUCH INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD OF DIRECTORS REVIEW THE COMPENSATGION PAID TO THEIR KEY EMPLOYEES ON AN ANNUAL BASIS AND COMPARES COMPENSATION LEVELS AGAINST INDUSTRY STANDARDS, CREDIT UNION SIZE, AND SERVICES. ALL DELIBERATIONS ARE FORMALLY RECORDED IN APPROPRIATE OFFICIAL MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION POSTS ITS FINANCIAL STATEMENTS IN THE CREDIT UNION LOBBY FOR ALL MEMBERS TO REVIEW. THE GOVERNANCE DOCUMENTS AND CONFLICTS OF INTEREST STATEMENTS ARE AVAILABLE IN THE CREDIT UNION OFFICE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROF.& OUTSIDE SERVICES 75,595 0 0 DATA PROCESSING EXPENSE 78,377 0 0 TCUL AUDIT EXPENSE 6,941 0 0 TOTAL 160,913 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025416402
IRS990/TotalAssetsEOYAmt026517589
IRS990/TotalAssetsGrp/BOYAmt025416402
IRS990/TotalAssetsGrp/EOYAmt026517589
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0823779
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022585693
IRS990/TotalLiabilitiesEOYAmt023591962
IRS990/TotalLiabilitiesGrp/BOYAmt022585693
IRS990/TotalLiabilitiesGrp/EOYAmt023591962
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02830709
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02925627
IRS990/TotalOtherProgSrvcExpenseAmt0823779
IRS990/TotalProgramServiceExpensesAmt0823779
IRS990/TotalProgramServiceRevenueAmt0769916
IRS990/TotalRevenueGrp/ExclusionAmt0148781
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0769916
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0918697
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025416402
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026517589
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03700 AVENUE F
IRS990/USAddress/CityNm0BAY CITY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077414
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MATAGORDACCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA GING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09792458674
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MATAGORDA COUNTY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MATA
ReturnHeader/Filer/EIN0746057015
ReturnHeader/Filer/PhoneNum09792458674
ReturnHeader/Filer/USAddress/AddressLine1Txt03700 AVENUE F
ReturnHeader/Filer/USAddress/CityNm0BAY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0774147606
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02CBCF8563AB8ACFD911E3336B8B8FA1154FF56D4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02CBCF8563AB8ACFD911E3336B8B8FA1154FF56D4
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEMA & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0610 E MARKET ST STE 2906
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0782052680
ReturnHeader/PreparerPersonGrp/PhoneNum02102124822
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGEL R LEMA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-02-25T15:46:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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