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EIN 75-0899745

Members Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
21
City
Cleburne
State
Texas
Year formed
1954
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Members Credit Union is a cooperative provider of credit union financial services, committed to exceeding service expectations while caring for members' financial needs. In 2021, mcu experienced growth in assets, deposits, loans, and membership numbers. The capital position of mcu remained strong. Members Credit Union is located in Cleburne, TX.
Related structure
Members Credit Union is child organization, under the parent exemption from Credit Union Department of Texas.
Total revenues
$4,778,213
2022
Total expenses
$4,175,434
2022
Total assets
$108,979,567
2022
Num. employees
21
2022

Program areas at Members Credit Union

In 2022, mcu's assets grew from $105.8 million to $108.9 million, deposits grew from $97.6 million to $99.5 million, loans grew from $59 million to $60.8 million and the number of Members served decreased from 8,443 to 8,228. The capital position of mcu remained strong at 8.67% despite general economic factors in the marketplace.

Personnel at Members Credit Union

NameTitleCompensation
Paul T ElkinsChief Executive Officer and President$160,810
Cecil MaySecretary$0
Chris CookePresident$0
Cleve WeyenbergVice President$0
Greg WilmoreTreasurer$0
...and 2 more key personnel

Financials for Members Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$4,430,896
Investment income and dividends$347,317
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,778,213

Form 990s for Members Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-19990View PDF
2021-122022-11-02990View PDF
2020-122021-11-01990View PDF
2019-122021-06-08990View PDF
2018-122019-11-22990View PDF
...and 10 more Form 990s

Organizations like Members Credit Union

OrganizationLocationRevenue
Tyler City Employees Credit UnionTyler, TX$1,380,695
Scott and White Employees Credit UnionTemple, TX$3,164,800
My Credit UnionHaslet, TX$2,959,002
Southwest Heritage Credit UnionOdessa, TX$11,453,066
Libertyone One Credit UnionArlington, TX$6,305,907
Fort Worth City Credit UnionFort Worth, TX$11,089,026
Texas Telcom Credit UnionDallas, TX$2,339,887
Lubrizol Employees Credit UnionDeer Park, TX$1,955,515
Caprock Santa Fe Credit UnionSlaton, TX$2,398,210
United Credit UnionTyler, TX$1,414,983
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 28, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
October 4, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
833 N Nolan River Rd
Cleburne, TX 76033
Metro area
Dallas-Fort Worth-Arlington, TX
County
Johnson County, TX
Website URL
memberscreditunion.com/ 
Phone
(817) 641-4031
IRS details
EIN
75-0899745
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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