Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.91x
Liabilities / Revenue
21st percentile
Higher debt load relative to revenue than 21% of similar nonprofits.
Net Margin
50th percentile
Higher net margin than 50% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 4.0% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
Balance Sheet
Assets
Up$135,379,260
Up $5,432,484 (+4.2%) from 2019
Net Assets
Up$11,711,627
Up $599,628 (+5.4%) from 2019
Liabilities
Up$123,667,633
Up $4,832,856 (+4.1%) from 2019
Revenue And Expenses
Revenue
Up$7,741,069
Up $287,384 (+3.9%) from 2019
Expenses
Down$6,960,232
Down $116,406 (-1.6%) from 2019
Net Income
Up$780,837
Up $403,790 (+107%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 3, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $7,741,069
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $71,585,658 | $73,043,994 | ▲ $1,458,336 |
| Investments Other Securities | $47,611,320 | $50,807,504 | ▲ $3,196,184 |
| Rtn Earn Endowment Incm Other Fnds | $11,111,999 | $11,711,627 | ▲ $599,628 |
| Land, Buildings, and Equipment, Net | $4,836,127 | $4,601,729 | ▼ $234,398 |
| Cash and Non-Interest-Bearing Accounts | $2,989,225 | $3,465,175 | ▲ $475,950 |
| Accounts Receivable | $894,205 | $398,984 | ▼ $495,221 |
| Prepaid Expenses and Deferred Charges | $253,561 | $199,705 | ▼ $53,856 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $129,946,776 | $135,379,260 | ▲ $5,432,484 |
| Other Assets Total | $1,776,680 | $2,862,169 | ▲ $1,085,489 |
| Liabilities | |||
| Other Liabilities | $117,669,731 | $122,608,599 | ▲ $4,938,868 |
| Accounts Payable and Accrued Expenses | $1,165,046 | $1,059,034 | ▼ $106,012 |
| Total Liabilities | $118,834,777 | $123,667,633 | ▲ $4,832,856 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $11,111,999 | $11,711,627 | ▲ $599,628 |
| Total Liabilities and Net Assets / Fund Balance | $129,946,776 | $135,379,260 | ▲ $5,432,484 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,494,970 | $1,176,661 | $4,671,631 |
| Leasehold Improvements | $327,467 | $1,650,316 | $1,977,783 |
| Land | $745,492 | - | $745,492 |
| Equipment | $33,800 | $84,527 | $118,327 |
| Other Securities | $17,167,921 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jana Haney | President | FT | $188,389 | $123,343 | $311,732 |
| Brooke Martin | CFO | FT | $111,818 | $51,150 | $162,968 |
| Cesar Tarin | Vice President of Lending | FT | $118,481 | $30,930 | $149,411 |
| Susan Masten | Executive Vice President | FT | $118,349 | $29,097 | $147,446 |
| Justin Marler | COO | FT | $117,921 | $26,502 | $144,423 |
Board Members and Trustees
| Name | Title |
|---|---|
| Betty Merritt | Chair |
| Ofelia Pallanez | Vice Chair |
| Ariel Elliott | Board Member |
| Nancy Ashley | Board Member |
| Virginia Conner | Board Member |
| Linda Hancock | Secretary |
| Jayme Tedder | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $7,016,717
- Investment Income
- $724,352
- Other Revenue
- $0
- Change in Net Assets
- $780,837
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $3,490,150 |
| Salaries, Compensation, and Employee Benefits | $2,850,243 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Office Expenses | - | - | - | $1,733,847 |
| Other Salaries and Wages | - | - | - | $1,643,391 |
| Benefits to Members | - | - | - | $619,839 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $608,568 |
| Depreciation Depletion | - | - | - | $265,544 |
| Pension Plan Contributions | - | - | - | $258,693 |
| Other Expenses | - | - | - | $250,523 |
| Other Employee Benefits | - | - | - | $213,307 |
| Occupancy | - | - | - | $191,864 |
| Advertising | - | - | - | $154,057 |
| Fees for Services Other | - | - | - | $145,416 |
| Payroll Taxes | - | - | - | $126,284 |
| Insurance | - | - | - | $76,798 |
| Fees for Services Accounting | - | - | - | $32,417 |
| Fees for Service Investment Mgmnt Fees | - | - | - | $19,380 |
| All Other Expenses | - | - | - | $14,978 |
| Fees for Services Legal | - | - | - | $6,380 |
| Conferences and Meetings | - | - | - | $5,341 |
| Total Functional Expenses | $0 | $0 | $0 | $6,960,232 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| MEMBERS' SHARES | $122,608,599 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“The 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 in the form of cash dividends.”
Form 990, Part VI, Section A, Line 7A
“Members 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.”
Form 990, Part VI, Section A, Line 7B
“Members 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.”
Form 990, Part VI, Section B, Line 11B
“Form 990 is prepared by an outside accounting firm using the information provided by mtcu. Upon completion of the form and filing with the internal revenue service, a copy will be presented to the board of directors.”
Form 990, Part VI, Section B, Line 12C
“Employees are required to report to management all violations or suspected violations of the code of ethics. All reports are handled professionally and as confidentially as possible. Employees who breach or disregard the conflict of interest/ethics policy will be subject to corrective action including termination.”
Form 990, Part VI, Section B, Line 15A
“The credit union uses hr performance solutions compensation software and cornerstone credit union league 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 the employees.”
Form 990, Part VI, Section C, Line 19
“Current month financial statements are posted for members to view in the lobbies of the branches. The credit union's policies are not available for members to view.”
Filing and Contact Details
Filer
- Filer Name
- Mtcu
- EIN
- 75-1100957
- Phone
- 4326887300
- Address
- 4717 N MIDKIFF, MIDLAND, TX 79705
Signing Officer
- Name
- Brooke Martin
- Title
- CFO
- Phone
- 4326887300
- Signed
- 2021-11-03
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jana Haney
- Formed
- 1955
- Legal Domicile
- TX
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 48
- Volunteers
- 7
Preparer
- Firm
- Rsm US Llp
- Address
- 801 NICOLLET MALL WEST TOWER STE, 1200, MINNEAPOLIS, MN 55402-2526
- Preparer
- Kacie Mcewen
- Phone
- 6123324300
Raw XML AppendixShowing 400 of 458 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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1165046 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1059034 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 894205 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 398984 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 154057 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 14978 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 619839 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | BROOKE MARTIN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4326887300 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4717 N MIDKIFF |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MIDLAND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 79705 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2989225 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 3465175 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 608568 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 5341 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 619839 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 724352 |
| IRS990/CYOtherExpensesAmt | 0 | 3490150 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 7016717 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 780837 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 2850243 |
| IRS990/CYTotalExpensesAmt | 0 | 6960232 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 7741069 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 265544 |
| IRS990/Desc | 0 | SHARE ACCOUNTS:MTCU SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MTCU HAD 7,833 MEMBER OWNED ACCOUNTS ON DECEMBER 31, 2020. MEMBERS SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH TWO BRANCHES, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATMS WORLD WIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 48 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 32417 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6380 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 145416 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 19380 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 49120 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 14624 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 26502 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 29097 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 30930 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BETTY MERRITT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | OFELIA PALLANEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LINDA HANCOCK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JAYME TEDDER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | NANCY ASHLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | VIRGINIA CONNER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ARIEL ELLIOTT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JANA HANEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | BROOKE MARTIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JUSTIN MARLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | SUSAN MASTEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | CESAR TARIN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 262612 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 148344 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 117921 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 118349 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 118481 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | CFO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | COO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | EXECUTIVE VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | VICE PRESIDENT OF LENDING |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1955 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 1700 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 1700 |
| IRS990/GrossReceiptsAmt | 0 | 7741069 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 5 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 76798 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 722652 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 722652 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 47611320 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 50807504 |
| IRS990/IRPDocumentCnt | 0 | 1923 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 2911504 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4836127 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 4601729 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 7513233 |
| IRS990/LegalDomicileStateCd | 0 | TX |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 0 |
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| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
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| IRS990/OtherExpensesGrp/Desc | 0 | LOAN SERVICING LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | PROVISION FOR LOAN LOSS |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 250523 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEE & CHARGES INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | OTHER INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | MASTERCARD INCOME |
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| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 6097 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | CHECKING ACCOUNTS:MTCU 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. 66% OF THE MEMBERSHIP HOLDS A CHECKING ACCOUNT. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | CONSUMER LOANS:MTCU 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, HOME EQUITY LOANS, MORTGAGE LOANS, AND CREDIT CARDS. AS OF DECEMBER 31, 2020 MTCU HAD 5,202 CONSUMER LOANS WITH A BALANCE OF $73,309,965.16. |
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| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | NCUSIF |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | CATALYST CORPORATE CAPITAL |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 3 | INVESTMENT IN CATALYST CORPORATE CU |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 4 | EBA HELD AT FEDERAL RESERVE |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 5 | MORTGAGE BACKED SECURITIES |
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| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | C |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 162 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | BROOKE MARTIN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | CFO |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 162968 |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | BROOKE MARTIN WAS GRANTED A SERP IN 2020, HOWEVER, NO DISTRIBUTIONS WERE MADE. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 4B |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 1 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 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 IN THE FORM OF CASH DIVIDENDS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MEMBERS 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/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERS 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/SupplementalInformationDetail/ExplanationTxt | 3 | FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM USING THE INFORMATION PROVIDED BY MTCU. UPON COMPLETION OF THE FORM AND FILING WITH THE INTERNAL REVENUE SERVICE, A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | EMPLOYEES ARE REQUIRED TO REPORT TO MANAGEMENT ALL VIOLATIONS OR SUSPECTED VIOLATIONS OF THE CODE OF ETHICS. ALL REPORTS ARE HANDLED PROFESSIONALLY AND AS CONFIDENTIALLY AS POSSIBLE. EMPLOYEES WHO BREACH OR DISREGARD THE CONFLICT OF INTEREST/ETHICS POLICY WILL BE SUBJECT TO CORRECTIVE ACTION INCLUDING TERMINATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CREDIT UNION USES HR PERFORMANCE SOLUTIONS COMPENSATION SOFTWARE AND CORNERSTONE CREDIT UNION LEAGUE 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 THE EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | CURRENT MONTH FINANCIAL STATEMENTS ARE POSTED FOR MEMBERS TO VIEW IN THE LOBBIES OF THE BRANCHES. THE CREDIT UNION'S POLICIES ARE NOT AVAILABLE FOR MEMBERS TO VIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | 0 |
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| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 129946776 |
| IRS990/TotalAssetsEOYAmt | 0 | 135379260 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 129946776 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 135379260 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 48 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 6960232 |
| IRS990/TotalGrossUBIAmt | 0 | 26399 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 118834777 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 123667633 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 118834777 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 123667633 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $135,379,260
- Liabilities
- $123,667,633
- Net assets
- $11,711,627
- Revenue
- $7,741,069
- Expenses
- $6,960,232
- Net income
- $780,837