EIN 73-0366010

Municipal Employees Credit Union of Okc

IRS 501(c) type
501(c)(14)
Num. employees
69
Year formed
1934
Most recent tax filings
2022-12-01
Description
Municipal Employees Credit Union of Okc provides prudent and productive financial services to their membership while maintaining a sound financial institution. They offer an overdraft privilege program where they pay a member's check instead of returning the item when their account has a negative balance, charging a $30 fee per item. The Credit Union also has investment interest income funds that provide higher or more competitive interest rates for members' deposits to encourage savings and serve as a liquidity source for the Credit Union.
Total revenues
$7,876,374
2022
Total expenses
$8,638,172
2022
Total assets
$165,134,391
2022
Num. employees
69
2022

Program areas at Municipal Employees Credit Union of Okc

Loan interest income generates more funds for future loans, thus increasing member Credit availability.
Overdraft privilege - through this program, we will pay a member's check instead of returning the item when their account has a negative balance. The Credit Union still charges a $30 fee per item just as they would if the check was returned, however, by paying the check the member avoids a fee from the merchant. The Credit Union has policies in place that qualifies a member for this service.
Investment interest income funds provide higher or more competitive interest rates members earn on their deposits thus encouraging more savings, as well as a liquidity source for the Credit Union.

Personnel at Municipal Employees Credit Union of Okc

NameTitleCompensation
Eric JonesFormer President and Chief Executive Officer$223,852
John CummingsPresident and Chief Executive Officer$95,286
Michael BrantleyVice President of Operations$100,333
Je'Neil TorresVice President of Finance$117,719
Allan BeanVice President of Marketing$133,978
...and 2 more key personnel

Financials for Municipal Employees Credit Union of Okc

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$5,232,983
Investment income and dividends$147,528
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$2,495,863
Total revenues$7,876,374

Form 990s for Municipal Employees Credit Union of Okc

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-12990View PDF
2021-122022-04-26990View PDF
2020-122021-04-05990View PDF
2019-122020-10-16990View PDF
2018-122019-06-19990View PDF
...and 9 more Form 990s

Organizations like Municipal Employees Credit Union of Okc

OrganizationLocationRevenue
Dexter Credit UnionCentral Falls, RI$5,043,492
Sofcu Community Credit UnionCoquille, OR$10,652,673
Riverdale Credit UnionSelma, AL$6,293,291
Cinco Family Financial Center CuCincinnati, OH$5,160,124
Premier Credit UnionPalatine, IL$5,717,485
Kent Credit UnionKent, OH$2,532,526
Central Corporate Credit UnionSouthfield, MI$16,468,140
Credit Unions Chartered in the State of Michigan - 97 Vibe Credit UnionNovi, MI$25,404,715
SageLink Credit UnionDurand, MI$8,805,007
Kansas City Credit UnionKansas City, MO$3,993,380
Data update history
June 25, 2023
Updated personnel
Identified 2 new personnel
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Updated personnel
Identified 1 new personnel
June 9, 2023
Used new vendors
Identified 2 new vendors, including , and
July 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
No characteristics found
General information
Address
101 North Walker Ave
Oklahoma City, OK 73102
Metro area
Oklahoma City, OK
County
Oklahoma County, OK
Website URL
mecuokc.org/ 
Phone
(405) 813-5500
IRS details
EIN
73-0366010
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
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
Independent
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