Civic Intelligence

Mtcu

990 • Fiscal year 2012 • EIN 75-1100957

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 29, 2013

Organization ProfileWWW.MTCU.ORG

View Organization Page

4717 N Midkiff79705
Siviq Scores

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

Liabilities / Assets

82nd percentile

0.92x

Higher debt load relative to assets than 82% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

82nd percentile

8.7%

Faster asset growth than 82% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$101,448,587

Up $8,106,924 (+8.7%) from 2011

Net Assets

Up

$8,289,840

Up $312,032 (+3.9%) from 2011

Liabilities

Up

$93,158,747

Up $7,794,892 (+9.1%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,865,117

Down $335,536 (-8.0%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

2012

Assets$101,448,587
Liabilities$93,158,747
Net Assets$8,289,840
Open 2012 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

2012

Revenue-
Expenses$3,865,117
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 29, 2013
Return Version
2012v2.1
Gross Receipts
$4,518,455
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. 49.6% 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 offers personal loans and home equity loans.
Filing and Contact Details

Filer

EIN
75-1100957
Raw XML AppendixShowing 400 of 408 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/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY01172831
IRS990/AccountsPayableAccruedExpenses/EOY0701691
IRS990/AccountsReceivable/BOY07569
IRS990/AccountsReceivable/EOY01838
IRS990/ActivitiesConductedPartnership00
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. 49.6% OF THE MEMBERSHIP HOLDS A CHECKING ACCOUNT.
IRS990/Activity3/Description0CONSUMER 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 OFFERS PERSONAL LOANS AND HOME EQUITY LOANS.
IRS990/ActivityOrMissionDescription0MTCU 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.
IRS990/AddressPrincipalOfficerUS/AddressLine104717 N MIDKIFF
IRS990/AddressPrincipalOfficerUS/City0MIDLAND
IRS990/AddressPrincipalOfficerUS/State0TX
IRS990/AddressPrincipalOfficerUS/ZIPCode079705
IRS990/Advertising/Total0128437
IRS990/AllOtherExpenses/Total041522
IRS990/AnnualDisclosureCoveredPersons01
IRS990/BenefitsPaidToMembersCY0423609
IRS990/BenefitsPaidToMembersPriorYear0582878
IRS990/BenefitsToMembers/Total0423609
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY00
IRS990/CapStckTrstPrinCurrentFunds/EOY00
IRS990/CashNonInterestBearing/BOY05049468
IRS990/CashNonInterestBearing/EOY0902873
IRS990/ChangesToOrganizingDocs01
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/Total0281606
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ComplianceWithBackupWitholding01
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval01
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/Total0200276
IRS990/DescribedIn501C300
IRS990/Description0SHARE ACCOUNTSMTCU SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MTCU HAD 8,587 MEMBER OWNED ACCOUNTS ON DECEMBER 31, 2012. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATMS WORLD WIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS ENCOURAGE THE DEVELOPMENT OF CONSISTANCE SAVINGS HABITS.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers01
IRS990/EmploymentTaxReturnsFiled01
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesAccounting/Total08942
IRS990/FeesForServicesLegal/Total01645
IRS990/FeesForServicesOther/Total074366
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek61.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek740.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek840.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/NamePerson0BETTY MERRITT
IRS990/Form990PartVIISectionA/NamePerson1OFELIA PALLANEZ
IRS990/Form990PartVIISectionA/NamePerson2LINDA HANCOCK
IRS990/Form990PartVIISectionA/NamePerson3KAREN KITTO
IRS990/Form990PartVIISectionA/NamePerson4ARIEL ELLIOTT
IRS990/Form990PartVIISectionA/NamePerson5ROBERTO CEDILLO
IRS990/Form990PartVIISectionA/NamePerson6BETTY LATHAN
IRS990/Form990PartVIISectionA/NamePerson7JANA HANEY
IRS990/Form990PartVIISectionA/NamePerson8SANDRA EDMISTON
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/Officer4X
IRS990/Form990PartVIISectionA/Officer5X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation711382
IRS990/Form990PartVIISectionA/OtherCompensation810992
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization7168690
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization890542
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/Title0CHAIRMAN
IRS990/Form990PartVIISectionA/Title1VICE CHAIRMAN
IRS990/Form990PartVIISectionA/Title2SECRETARY
IRS990/Form990PartVIISectionA/Title3TREASURER
IRS990/Form990PartVIISectionA/Title4BOARD MEMBER
IRS990/Form990PartVIISectionA/Title5BOARD MEMBER
IRS990/Form990PartVIISectionA/Title6BOARD MEMBER
IRS990/Form990PartVIISectionA/Title7PRESIDENT
IRS990/Form990PartVIISectionA/Title8CFO
IRS990/Form990ProvidedToGoverningBody01
IRS990/Form990-TFiled01
IRS990/FormersListed00
IRS990/FSAudited00
IRS990/FundraisingActivities00
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts04518455
IRS990/GroupExemptionNumber02742
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt00
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/Insurance/Total061707
IRS990/Interest/Total05
IRS990/InvestmentIncomeCurrentYear0641717
IRS990/InvestmentIncome/ExclusionAmount0641717
IRS990/InvestmentIncomePriorYear0739118
IRS990/InvestmentIncome/TotalRevenueColumn0641717
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY046420920
IRS990/InvestmentsOtherSecurities/EOY055153842
IRS990/LandBldgEquipmentAccumDeprec01686846
IRS990/LandBuildingsEquipmentBasis05949633
IRS990/LandBuildingsEquipmentBasisNet/BOY03091412
IRS990/LandBuildingsEquipmentBasisNet/EOY04262787
IRS990/LoanToOfficerOrDQP00
IRS990/LocalChapters01
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0MTCU IS DEDICATED TO PROVIDING PERSONAL, COURTEOUS, AND PROFESSIONAL SERVICE IN AN EFFICIENT, AND CARING MANNER AND TO MEETING THE DIVERSE NEEDS OF THE MEMBERS-OWNERS THROUGH SOUND MANAGEMENT PRACTICES.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0JANA HANEY
IRS990/NbrIndependentVotingMembers07
IRS990/NbrVotingGoverningBodyMembers07
IRS990/NbrVotingMembersGoverningBody07
IRS990/NetAssetsOrFundBalancesBOY07977808
IRS990/NetAssetsOrFundBalancesEOY08289840
IRS990/NetUnrelatedBusinessTxblIncome0-817
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109601353
IRS990/NumberIndependentVotingMembers07
IRS990/NumberIndividualsGT100K01
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees045
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total0140134
IRS990/OfficeExpenses/Total0838254
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY0240803
IRS990/OtherAssetsTotal/EOY0223475
IRS990/OtherEmployeeBenefits/Total0120722
IRS990/OtherExpensePriorYear01969704
IRS990/OtherExpensesCurrentYear01738323
IRS990/OtherExpenses/Description0NCUA ASSESSMENT
IRS990/OtherExpenses/Description1PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Description2LOAN SERVICING EXPENSE
IRS990/OtherExpenses/Description3MISCELLANEOUS EXPENSE
IRS990/OtherExpenses/Total083460
IRS990/OtherExpenses/Total168264
IRS990/OtherExpenses/Total240157
IRS990/OtherExpenses/Total319163
IRS990/OtherLiabilities/BOY084191024
IRS990/OtherLiabilities/EOY092457056
IRS990/OtherNotesLoansReceivableNet/BOY038417075
IRS990/OtherNotesLoansReceivableNet/EOY040823740
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear010403
IRS990/OtherSalariesAndWages/Total01034009
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY00
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY00
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/Total096801
IRS990/PensionPlanContributions/Total0170047
IRS990/PoliciesReferenceChapters01
IRS990/PoliticalActivities00
IRS990/PrepaidExpensesDeferredCharges/BOY0114416
IRS990/PrepaidExpensesDeferredCharges/EOY080032
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0522100
IRS990/ProgramServiceRevenue/BusinessCode1522100
IRS990/ProgramServiceRevenue/BusinessCode2522100
IRS990/ProgramServiceRevenue/BusinessCode3522100
IRS990/ProgramServiceRevenueCY03876738
IRS990/ProgramServiceRevenue/Description0LOAN INCOME
IRS990/ProgramServiceRevenue/Description1FEE & CHARGES INCOME
IRS990/ProgramServiceRevenue/Description2OTHER INCOME
IRS990/ProgramServiceRevenue/Description3MASTERCARD INCOME
IRS990/ProgramServiceRevenuePriorYear04186134
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome02680845
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1950257
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome2136226
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome381742
IRS990/ProgramServiceRevenue/TotalRevenueColumn02680845
IRS990/ProgramServiceRevenue/TotalRevenueColumn1955037
IRS990/ProgramServiceRevenue/TotalRevenueColumn2159114
IRS990/ProgramServiceRevenue/TotalRevenueColumn381742
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue04780
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue122888
IRS990/ProhibitedTaxShelterTrans00
IRS990/ReconcilationOtherChanges0-341306
IRS990/ReconcilationRevenueExpenses0653338
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote00
IRS990/ReportInvestOthSecurities01
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY07977808
IRS990/RetainedEarningsEndowmentEtc/EOY08289840
IRS990/RevenuesLessExpensesCY0653338
IRS990/RevenuesLessExpensesPriorYear0735002
IRS990/SalariesEtcCurrentYear01703185
IRS990/SalariesEtcPriorYear01648071
IRS990/ScheduleBRequired00
IRS990ScheduleD/Buildings/BookValue03246364
IRS990ScheduleD/Buildings/Depreciation0695863
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis03942227
IRS990ScheduleD/Equipment/BookValue0248551
IRS990ScheduleD/Equipment/Depreciation0990983
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis01239534
IRS990ScheduleD/Land/BookValue0767872
IRS990ScheduleD/Land/OtherCostOrOtherBasis0767872
IRS990ScheduleD/OtherLiabilities/Amount092457056
IRS990ScheduleD/OtherLiabilities/Description0MEMBERS' SHARES
IRS990ScheduleD/OtherSecurities/BookValue040076797
IRS990ScheduleD/OtherSecurities/BookValue1878527
IRS990ScheduleD/OtherSecurities/BookValue2204044
IRS990ScheduleD/OtherSecurities/BookValue35794474
IRS990ScheduleD/OtherSecurities/BookValue48200000
IRS990ScheduleD/OtherSecurities/Description0CERTIFICATE OF DEPOSITS
IRS990ScheduleD/OtherSecurities/Description1NCUSIF
IRS990ScheduleD/OtherSecurities/Description2CATALYST CORPORATE CAPITAL
IRS990ScheduleD/OtherSecurities/Description3INVESTMENT IN CATALYST CORPORATE CU
IRS990ScheduleD/OtherSecurities/Description4EBA HELD AT FEDERAL RESERVE
IRS990ScheduleD/OtherSecurities/MethodOfValuation0F
IRS990ScheduleD/OtherSecurities/MethodOfValuation1F
IRS990ScheduleD/OtherSecurities/MethodOfValuation2F
IRS990ScheduleD/OtherSecurities/MethodOfValuation3F
IRS990ScheduleD/OtherSecurities/MethodOfValuation4F
IRS990ScheduleD/TotalOfAmounts092457056
IRS990ScheduleD/TotalOfBookValueLandBuildings04262787
IRS990ScheduleD/TotalOfBookValueSecurities055153842
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationCommittee0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0124394
IRS990ScheduleJ/Form990ScheduleJPartII/BonusFilingOrg044296
IRS990ScheduleJ/Form990ScheduleJPartII/BonusRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990FilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/CompReportPrior990RelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompFilingOrg04200
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0JANA HANEY
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg07182
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0PRESIDENT
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0180072
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0THE BYLAWS WERE AMENDED NOVEMBER 27, 2012 TO CHANGE THE NAME OF THE CREDIT UNION FROM MIDLAND TEACHERS CREDIT UNION TO MTCU.
IRS990ScheduleO/GeneralExplanation/Explanation1THE 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/Explanation2MEMBERS 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/Explanation3MEMBERS 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/Explanation4FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM USING THE INFORMATION PROVIDED BY MTCU. 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/Explanation5MANAGERS MONITOR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/GeneralExplanation/Explanation6THE CREDIT UNION USES HRN MANAGEMENT GROUP 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/Explanation7FINANCIAL 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/Explanation8NET UNREALIZED LOSS ON PENION PLAN -341,306.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XI, LINE 9:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0TX
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine104717 N MIDKIFF ROAD
IRS990/TheBooksAreInCareOf/AddressUS/City0MIDLAND
IRS990/TheBooksAreInCareOf/AddressUS/State0TX
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode079705
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10SANDRA EDMISTON
IRS990/TheBooksAreInCareOf/TelephoneNumber04326887319
IRS990/TotalAssets/BOY093341663
IRS990/TotalAssetsBOY093341663
IRS990/TotalAssets/EOY0101448587
IRS990/TotalAssetsEOY0101448587
IRS990/TotalCompGT150K01
IRS990/TotalExpensesCurrentYear03865117
IRS990/TotalExpensesPriorYear04200653
IRS990/TotalFunctionalExpenses/Total03865117
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI027668
IRS990/TotalLiabilities/BOY085363855
IRS990/TotalLiabilitiesBOY085363855
IRS990/TotalLiabilities/EOY093158747
IRS990/TotalLiabilitiesEOY093158747
IRS990/TotalLiabNetAssetsFundBalances/BOY093341663
IRS990/TotalLiabNetAssetsFundBalances/EOY0101448587
IRS990/TotalNbrEmployees045
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY07977808
IRS990/TotalNetAssetsFundBalances/EOY08289840
IRS990/TotalOtherCompensation022374
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue03876738
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0259232
IRS990/TotalRevenueCurrentYear04518455
IRS990/TotalRevenue/ExclusionAmount0641717
IRS990/TotalRevenuePriorYear04935655
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome03849070
IRS990/TotalRevenue/TotalRevenueColumn04518455
IRS990/TotalRevenue/UnrelatedBusinessRevenue027668
IRS990/Travel/Total031991
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/BusinessNameLine10MTCU
ReturnHeader/Filer/NameControl0MTCU
ReturnHeader/Filer/Phone04326887300
ReturnHeader/Filer/USAddress/AddressLine104717 N MIDKIFF
ReturnHeader/Filer/USAddress/City0MIDLAND
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode079705
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-10-29
ReturnHeader/Officer/Name0JANA HANEY
ReturnHeader/Officer/Phone04326887300
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/EIN0420714325
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10MCGLADREY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10801 NICOLLET MALL SUITE 1100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$101,448,587
Liabilities
$93,158,747
Net assets
$8,289,840
Revenue
-
Expenses
$3,865,117
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. 2012 filings • 501(c)14 • $100M-$250M nonprofits