Civic Intelligence

Mtcu

990 • Fiscal year 2010 • EIN 75-1100957

Jan 01, 2010 to Dec 31, 2010 • Filed on Apr 27, 2011

Organization ProfileWWW.MTCU.ORG

View Organization Page

PO Box 430779704
Siviq Scores

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

Liabilities / Assets

74th percentile

0.91x

Higher debt load relative to assets than 74% of similar nonprofits.

2010 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets74th percentile

Assets

$81,617,785

No earlier filing loaded for comparison.

Net Assets

$7,316,494

No earlier filing loaded for comparison.

Liabilities

$74,301,291

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$4,701,221

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150M$100M$50M$0Assets 2010: $81,617,785Liabilities 2010: $74,301,291Net Assets 2010: $7,316,4942010Assets 2011: $93,341,663Liabilities 2011: $85,363,855Net Assets 2011: $7,977,8082011Assets 2012: $101,448,587Liabilities 2012: $93,158,747Net Assets 2012: $8,289,8402012Assets 2013: $105,071,417Liabilities 2013: $95,969,105Net Assets 2013: $9,102,3122013Assets 2014: $114,374,739Liabilities 2014: $104,450,253Net Assets 2014: $9,924,4862014Assets 2015: $115,120,033Liabilities 2015: $105,020,592Net Assets 2015: $10,099,4412015Assets 2016: $115,152,796Liabilities 2016: $105,335,504Net Assets 2016: $9,817,2922016Assets 2017: $121,691,202Liabilities 2017: $111,667,802Net Assets 2017: $10,023,4002017Assets 2018: $129,853,916Liabilities 2018: $119,954,643Net Assets 2018: $9,899,2732018Assets 2019: $129,946,776Liabilities 2019: $118,834,777Net Assets 2019: $11,111,9992019Assets 2020: $135,379,260Liabilities 2020: $123,667,633Net Assets 2020: $11,711,6272020Assets 2021: $143,998,178Liabilities 2021: $131,617,181Net Assets 2021: $12,380,9972021Assets 2022: $148,244,519Liabilities 2022: $138,601,479Net Assets 2022: $9,643,0402022Assets 2023: $138,084,055Liabilities 2023: $127,082,383Net Assets 2023: $11,001,6722023Assets 2024: $135,039,249Liabilities 2024: $123,035,860Net Assets 2024: $12,003,3892024

Highlighted filing

2010

Assets$81,617,785
Liabilities$74,301,291
Net Assets$7,316,494
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0Expenses 2010: $4,701,2212010Expenses 2011: $4,200,6532011Expenses 2012: $3,865,1172012Revenue 2013: $4,865,394Expenses 2013: $4,112,058Net Income 2013: $753,3362013Revenue 2014: $5,141,157Expenses 2014: $4,079,208Net Income 2014: $1,061,9492014Revenue 2015: $5,981,412Expenses 2015: $5,512,320Net Income 2015: $469,0922015Revenue 2016: $5,970,325Expenses 2016: $5,806,557Net Income 2016: $163,7682016Revenue 2017: $5,995,112Expenses 2017: $5,883,213Net Income 2017: $111,8992017Revenue 2018: $6,712,631Expenses 2018: $6,455,591Net Income 2018: $257,0402018Revenue 2019: $7,453,685Expenses 2019: $7,076,638Net Income 2019: $377,0472019Revenue 2020: $7,741,069Expenses 2020: $6,960,232Net Income 2020: $780,8372020Revenue 2021: $7,400,793Expenses 2021: $6,775,537Net Income 2021: $625,2562021Revenue 2022: $8,352,706Expenses 2022: $7,438,390Net Income 2022: $914,3162022Revenue 2023: $8,873,097Expenses 2023: $8,013,158Net Income 2023: $859,9392023Revenue 2024: $9,285,996Expenses 2024: $8,145,824Net Income 2024: $1,140,1722024

Highlighted filing

2010

Revenue-
Expenses$4,701,221
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Apr 27, 2011
Return Version
2010v3.2
Gross Receipts
$5,007,266
Mission and Program Overview

Mission

Mtcu is a cooperative thrift institution and is a member of the national credit union association insurance fund. The credit union is regulated by the state of texas credit union department as well as the national credit union administration. Mtcu offers products and services in four primary areas: share & checking accounts, consumer loans, and real estate loans. Mtcu is dedicated to providing personal, courteous, and professional service in an efficient and caring manner and to meeting the diverse needs of the member-owners through sound management practices.

Major Activities

Activity 2
Checking accountsmtcu provides checking accounts for members. Mtcu extends the reach of these accounts to all members with free debit cards, free internet access, free bill pay, and free telephone teller. 48% of the membership holds a checking account.
Activity 3
Consumer loansmtcu has provided vehicle loans since its first year of business. The consumer loan product line now includes efficient underwriting and flexible offerings for recreational vehicles, boats, and motorcycles. Consumer life and disability insurance is available on any of these loan types. Mtcu now offers personal loans and home equity loans.
Filing and Contact Details

Filer

EIN
75-1100957
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IRS990/Activity2/Description0CHECKING ACCOUNTSMTCU PROVIDES CHECKING ACCOUNTS FOR MEMBERS. MTCU EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, FREE INTERNET ACCESS, FREE BILL PAY, AND FREE TELEPHONE TELLER. 48% OF THE MEMBERSHIP HOLDS A CHECKING ACCOUNT.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES IN THE FORM OF CASH DIVIDENDS.
IRS990ScheduleO/GeneralExplanation/Explanation1MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
IRS990ScheduleO/GeneralExplanation/Explanation2MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
IRS990ScheduleO/GeneralExplanation/Explanation3FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM USING THE INFORMATION PROVIDED BY MIDLAND TEACHERS CREDIT UNION. UPON COMPLETION OF THE FORM, A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR FEEDBACK AND COMMENTS PRIOR TO FILING THE FORM WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation4MANAGERS MONITOR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/GeneralExplanation/Explanation5THE CREDIT UNION USES KGA & ASSOCIATES COMPENSATION SOFTWARE AND TCUL SALARY SURVEY RESULTS TO DETERMINE APPROPRIATE COMPENSATION FOR ITS OFFICERS AND KEY EMPLOYEES. THE BOARD OF DIRECTORS SETS THE PRESIDENT'S SALARY AND THE PRESIDENT SETS THE SALARIES FOR THE REST OF EMPLOYEES.
IRS990ScheduleO/GeneralExplanation/Explanation6FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEW TO MEMBERS AT THE LOBBY OF BRANCHES. THE CREDIT UNION'S POLICIES ARE NOT AVAILABLE FOR VIEW TO MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation7NET UNREALIZED LOSSES ON INVESTMENTS: -112,427.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/Identifier3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier4CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 5:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0TX
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine102833 METZ DRIVE
IRS990/TheBooksAreInCareOf/AddressUS/City0MIDLAND
IRS990/TheBooksAreInCareOf/AddressUS/State0TX
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode079705
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10SANDRA EDMISTON
IRS990/TheBooksAreInCareOf/TelephoneNumber04326887319
IRS990/TotalAssets/BOY069783040
IRS990/TotalAssetsBOY069783040
IRS990/TotalAssets/EOY081617785
IRS990/TotalAssetsEOY081617785
IRS990/TotalCompGT150K01
IRS990/TotalExpensesCurrentYear04701221
IRS990/TotalExpensesPriorYear04516659
IRS990/TotalFunctionalExpenses/Total04701221
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI0188218
IRS990/TotalLiabilities/BOY062660164
IRS990/TotalLiabilitiesBOY062660164
IRS990/TotalLiabilities/EOY074301291
IRS990/TotalLiabilitiesEOY074301291
IRS990/TotalLiabNetAssetsFundBalances/BOY069783040
IRS990/TotalLiabNetAssetsFundBalances/EOY081617785
IRS990/TotalNbrEmployees035
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY07122876
IRS990/TotalNetAssetsFundBalances/EOY07316494
IRS990/TotalOtherCompensation018236
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue04232471
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0224401
IRS990/TotalRevenueCurrentYear05007266
IRS990/TotalRevenue/ExclusionAmount0774795
IRS990/TotalRevenuePriorYear04594987
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome04044253
IRS990/TotalRevenue/TotalRevenueColumn05007266
IRS990/TotalRevenue/UnrelatedBusinessRevenue0188218
IRS990/TransactionRelatedEntity00
IRS990/Travel/Total026724
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0WWW.MTCU.ORG
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01955
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0751100957
ReturnHeader/Filer/Name/BusinessNameLine10MIDLAND TEACHERS CREDIT UNION
ReturnHeader/Filer/NameControl0MIDL
ReturnHeader/Filer/Phone04326887300
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 4307
ReturnHeader/Filer/USAddress/City0MIDLAND
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode079704
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02011-04-27
ReturnHeader/Officer/Name0JANA HANEY
ReturnHeader/Officer/Phone04326887300
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10RSM MCGLADREY INC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10801 NICOLLET MALL SUITE 1100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055402
ReturnHeader/Preparer/Phone06125738750

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$81,617,785
Liabilities
$74,301,291
Net assets
$7,316,494
Revenue
-
Expenses
$4,701,221
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$123$12.0$9.29$8.15$1.14
2023Detailed filing. Detailed filing data is available for this year.$138$127$11.0$8.87$8.01$0.86
2022Detailed filing. Detailed filing data is available for this year.$148$139$9.64$8.35$7.44$0.91
2021Detailed filing. Detailed filing data is available for this year.$144$132$12.4$7.40$6.78$0.63
2020Detailed filing. Detailed filing data is available for this year.$135$124$11.7$7.74$6.96$0.78
2019Detailed filing. Detailed filing data is available for this year.$130$119$11.1$7.45$7.08$0.38
2018Detailed filing. Detailed filing data is available for this year.$130$120$9.90$6.71$6.46$0.26
2017Detailed filing. Detailed filing data is available for this year.$122$112$10.0$6.00$5.88$0.11
2016Detailed filing. Detailed filing data is available for this year.$115$105$9.82$5.97$5.81$0.16
2015Detailed filing. Detailed filing data is available for this year.$115$105$10.1$5.98$5.51$0.47
2014Detailed filing. Detailed filing data is available for this year.$114$104$9.92$5.14$4.08$1.06
2013Detailed filing. Detailed filing data is available for this year.$105$96.0$9.10$4.87$4.11$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$93.2$8.29$3.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.3$85.4$7.98$4.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.6$74.3$7.32$4.70
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2010 filings • 501(c)14 • $50M-$100M nonprofits