MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC (EIN 52-0284053)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-13
IRS object ID: 202313179349305456
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-13T12:23:46-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	382492570	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DOEREN MAYHEW	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	12060 S W 129TH COURT STE 201	AddressLine1Txt
City	MIAMI	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	331864582	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	520284053	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MUNICIPAL EMPLOYEES CREDIT UNION OF	BusinessNameLine1Txt
Business Name Line2	BALTIMORE INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MUNI	BusinessNameControlTxt
Phone	4107528313	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE SOUTH STREET	AddressLine1Txt
City	BALTIMORE	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21202	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ADRIAN JOHNSON	PersonNm
Person Title	SVP/CFO	PersonTitleTxt
Phone	4107528313	PhoneNum
Signature	2023-11-13	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ADRIAN	PersonFirstNm
Person Last	JOHNSON	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOHN J MURNANE JR	PreparerPersonNm
PTIN	P03021572	PTIN
Phone	2482443000	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	MECU OF BALTIMORE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	JOHN HAMILTON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE SOUTH STREET	AddressLine1Txt
City	BALTIMORE	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21202	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$92,938,061	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.MECU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1936	FormationYr
Legal Domicile State	MD	LegalDomicileStateCd
Activity Or Mission	MECU IS A CREDIT UNION WHICH PROVIDES A FULL ARRAY OF FINANCIAL SERVICES TO ITS MEMBER OWNERS.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	407	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$412,571	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$1,851,515	CYContributionsGrantsAmt
PY Program Service Revenue	$54,625,074	PYProgramServiceRevenueAmt
CY Program Service Revenue	$54,561,571	CYProgramServiceRevenueAmt
PY Investment Income	$5,586,009	PYInvestmentIncomeAmt
CY Investment Income	$5,665,831	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$60,211,083	PYTotalRevenueAmt
CY Total Revenue	$62,078,917	CYTotalRevenueAmt
PY Grants And Similar Paid	$173,100	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$148,562	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$25,465,765	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$26,508,514	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$28,938,307	PYOtherExpensesAmt
CY Other Expenses	$30,754,434	CYOtherExpensesAmt
PY Total Expenses	$54,577,172	PYTotalExpensesAmt
CY Total Expenses	$57,411,510	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,633,911	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,667,407	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,362,108,647	TotalAssetsBOYAmt
Total Assets EOY	$1,322,450,560	TotalAssetsEOYAmt
Total Liabilities BOY	$1,224,282,057	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,215,073,758	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$137,826,590	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$107,376,802	NetAssetsOrFundBalancesEOYAmt
Mission	OUR MISSION IS TO EMPOWER OUR MEMBERS TO IMPROVE THEIR FINANICAL WELL-BEING AND LIVE BETTER.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	MECU PROVIDES CONSUMER AND BUSINESS LOANS TO MEMBERS AT COMPETITIVE RATES. THESE LOANS INCLUDE: MORTGAGE, HOME EQUITY, VEHICLE, CREDIT CARD, AND UNSECURED LOANS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	MECU PROVIDES DEPOSIT PRODUCTS AND SERVICES TO CONSUMER AND BUSINESS MEMBERS. THESE DEPOSIT PRODUCTS INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND INDIVIDUAL RETIREMENT ACCOUNTS. AS OF DECEMBER 31, 2022, MECU HAD 186,006 DEPOSIT ACCOUNTS OUTSTANDING. MECU'S DEPOSIT RATES CONTINUE TO BE SOME OF THE MOST COMPETITIVE RATES OFFERED BY FEDERALLY INSURED FINANCIAL INSTITUTIONS.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	MECU STRIVES TO OFFER PRODUCTS AND SERVICES DESIGNED TO IMPROVE THE ECONOMIC AND SOCIAL WELL BEING OF ALL MEMBERS FROM ALL SOCIO-ECONOMIC BACKGROUNDS. MECU IS COMMITTED TO MEMBER FINANCIAL EDUCATION. SOME OF THE PROGRAMS THAT MECU PROVIDES INCLUDE DISCOUNTED MORTGAGE RATES THROUGH FIRST-TIME HOMEBUYER'S PROGRAMS AND BUY IN BALTIMORE LOANS, HOME BUYER'S WORKSHOPS, CREDIT REPAIR WORKSHOPS, BASICS OF MONEY MANAGEMENT, NEW EMPLOYEE AND PRE-RETIREMENT WORKSHOPS, AND FREE CREDIT COUNSELING SERVICES.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	17969	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	407	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	JEAN TYLER	PersonNm
Phone	4107528313	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ONE SOUTH STREET	AddressLine1Txt
City	BALTIMORE	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21202	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ROMAN CLARK SR
CHAIRPERSON	2.00	Yes (X)	$17,300	$0	$0
BENJAMIN MELI JR
BOARD MEMBER	2.00	Yes (X)	$18,000	$0	$0
ERNEST GLINKA
BOARD MEMBER	2.00	Yes (X)	$10,200	$0	$0
G LOUISE GREEN
TREASURER	1.00	Yes (X)	$22,100	$0	$0
GARY MCLHINNEY
VICE CHAIRPERSON	1.50	Yes (X)	$18,800	$0	$0
DEBORAH MOORE-CARTER
SECRETARY	1.50	Yes (X)	$21,500	$0	$0
PEGGY PEACOCK
BOARD MEMBER	1.50	Yes (X)	$8,700	$0	$0
LORRETTA JOHNSON
BOARD MEMBER	1.00	Yes (X)	$8,400	$0	$0
KARA KING-BASS
BOARD MEMBER	1.00	Yes (X)	$10,200	$0	$0
ADRIAN JOHNSON
EVP AND CFO	45.00		$270,080	$0	$23,671	Yes (X)
JOHN HAMILTON
PRESIDENT AND CEO	50.00		$943,018	$0	$44,798	Yes (X)
MICHELLE WILLIAMS
SVP HUMAN RESOURCES	45.00		$172,289	$0	$32,744		Yes (X)
KATHY SHELTON
SVP AND COO	45.00		$227,121	$0	$35,331		Yes (X)
MARY JO TAYLOR
SVP CHIEF COMMERCIAL LENDING	45.00		$190,740	$0	$28,781		Yes (X)
JEAN TYLER
VP ACCOUNTING/CONTROLLER	50.00		$163,137	$0	$31,121			Yes (X)
DONTE LEGGETTE
VP OF IT SERVICES	45.00		$158,250	$0	$25,660			Yes (X)
TIMOTHY ROZALSKI
VP OF MARKETING	45.00		$177,902	$0	$24,430			Yes (X)
DENISE JONES-FRASIER
CHIEF OF STAFF SVP	45.00		$534,038	$0	$34,722			Yes (X)
MAYNARD HURD
SVP CONSUMER LENDING	45.00		$191,743	$0	$26,753			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$3,163,518	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$308,011	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	36	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
PSCU
560 CARILLON PKWY	ST PETERSBURG	FL	33716	DEBIT/ CREDIT CARD PROCESSING	$2,377,361
NCR CORPORATION
864 SPRING ST NW	ATLANTA	GA	30308	REMOTE ATM SUPPORT/MONITORING	$2,019,848
ONE SOUTH STREET LLC
1 SOUTH STREET SUITE 820	BALTIMORE	MD	212023201	LEASE FOR 1 SOUTH STREET	$1,634,554
FIS
PO BOX 4535	CAROL STREAM	IL	601974535	DATA PROCESSOR/BILL PAYER	$805,734
DOCU TRUST SERVICES LLC
PO BOX 771048	ORLANDO	FL	32877	MEMBER STATEMENTS	$667,703

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	45	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,851,515	GovernmentGrantsAmt
Total Contributions	$1,851,515	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS TO MEMBERS	522100	$33,743,400	$33,743,400
SERVICE CHARGES AND OTHER FEES	522100	$18,085,688	$18,085,688
OTHER NONINTEREST INCOME	522100	$2,319,912	$2,319,912
FINANCE AND INSURANCE	520000	$412,571		$412,571

Field	Value	IRS element (for citing)
Total Program Service Revenue	$54,561,571	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,084,651	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,084,651	RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$30,307,340	SecuritiesAmt
Other	$132,984	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$30,717,252	SecuritiesAmt
Other	$141,892	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$409,912	SecuritiesAmt
Other	-$8,908	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$418,820	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$418,820	RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$62,078,917	TotalRevenueColumnAmt
Related Or Exempt Func Income	$59,814,831	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$412,571	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$148,562	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,616,937	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$18,419,130	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,210,071	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,733,049	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,529,327	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$203,622	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$499,592	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$599,797	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$934,545	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,647,272	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,328,330	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,602,909	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$356,455	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,530,037	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,333,331	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$269,504	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
ATM/DEBIT CARD EXPENSE	$5,418,676
PROVISION FOR LOAN LOSS	$2,429,691
MAINTENANCE	$2,139,889
LOAN SERVICING	$1,853,755

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,607,029	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$57,411,510	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$13,515,971	BOYAmt
EOY	$20,730,757	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$75,980,995	BOYAmt
EOY	$25,365,279	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$19,591,776	BOYAmt
EOY	$25,298,926	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$5,912,694	BOYAmt
EOY	$6,035,678	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$714,190,033	BOYAmt
EOY	$775,375,163	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$8,246,758	BOYAmt
EOY	$5,618,041	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$25,226,700	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$17,588,169	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$8,668,745	BOYAmt
EOY	$7,638,531	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$461,239,374	BOYAmt
EOY	$389,480,081	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$248,000	BOYAmt
EOY	$990,000	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$54,514,301	BOYAmt
EOY	$65,918,104	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,362,108,647	BOYAmt
EOY	$1,322,450,560	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$16,000,910	BOYAmt
EOY	$27,306,961	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$146,454	BOYAmt
EOY	$95,671	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$5,428,571	BOYAmt
EOY	$27,500,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,202,706,122	BOYAmt
EOY	$1,160,171,126	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,224,282,057	BOYAmt
EOY	$1,215,073,758	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$137,826,590	BOYAmt
EOY	$107,376,802	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$137,826,590	BOYAmt
EOY	$107,376,802	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,362,108,647	BOYAmt
EOY	$1,322,450,560	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$4,667,407	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$34,382,435	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$734,760	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$311,898	OtherCostOrOtherBasisAmt
Book Value	$311,898	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,677,361	OtherCostOrOtherBasisAmt
Depreciation	$1,218,113	DepreciationAmt
Book Value	$1,459,248	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,174,560	OtherCostOrOtherBasisAmt
Depreciation	$3,547,948	DepreciationAmt
Book Value	$3,626,612	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$15,062,881	OtherCostOrOtherBasisAmt
Depreciation	$12,822,108	DepreciationAmt
Book Value	$2,240,773	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$7,638,531	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER SHARES AND SAVINGS	Desc
Amt	$1,160,171,126	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,160,171,126	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$62,488,829	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$62,488,829	RevenueSubtotalAmt
Other Revenues Not Included	-$409,912	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$409,912	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$62,078,917	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$57,821,422	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$409,912	OtherExpensesIncludedAmt
Expenses Not Reported	$409,912	ExpensesNotReportedAmt
Expenses Subtotal	$57,411,510	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$57,411,510	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART IV, LINE 2B:	THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE. THE CREDIT UNION THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES ON BEHALF OF THE BORROWERS AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION OR HAVE MORTGAGES SERVICED BY THE CREDIT UNION.
PART X, LINE 2:	THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	LOSSES ON SALES OF INVESTMENTS REPORTED IN THE STATEMENT OF REVENUE IN FORM 990 BUT REPORTED AS EXPENSES ON THE STATEMENT OF INCOME WITHIN THE AUDITED FINANCIAL STATEMENTS. -409,912.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	LOSSES ON SALES OF INVESTMENTS REPORTED IN THE STATEMENT OF REVENUE IN FORM 990 BUT REPORTED AS EXPENSES ON THE STATEMENT OF INCOME WITHIN THE AUDITED FINANCIAL STATEMENTS. 409,912.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
AACUC CORP CONTRIBUTION
PO BOX 392136	SNELLVILLE	GA	30039	571091138	501(C)(3)	$15,000	$0	CHARITABLE CONTRIBUTION
CU FOUNDATION ANNUAL SUPPORT
PO BOX 190	GLENELG	MD	21737	521749045	501(C)(3)	$27,000	$0	CHARITABLE CONTRIBUTION
ARTS EVERY DAY 20192020
120 W NORTH AVE SUITE 303	BALTIMORE	MD	21201	900091850	501(C)(3)	$46,375	$0	CHARITABLE CONTRIBUTION
COLLEGE BOUND SCHOLARS
300 WATER STREET SUITE 300	BALTIMORE	MD	21202	521598921	501(C)(3)	$6,000	$0	CHARITABLE CONTRIBUTION
CYSTIC FIBROSIS FOUNDATION
1026 YORK ROAD SUITE A	COCKEYSVILLE	MD	21030	131930701	501(C)(3)	$10,000	$0	CHARITABLE CONTRIBUTION

Field	Value	IRS element (for citing)
Total501c3 Org	5	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	MECU HAS A COMMITTEE THAT MEETS AND DETERMINES WHAT CHARITABLE CONTRIBUTIONS WILL BE MADE. THE COMMITTEE SELECTS 501(C)(3), PUBLIC CHARITIES, THAT BENEFIT THE CREDIT UNION MOVEMENT AND THE BALTIMORE COMMUNITY.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN HAMILTON
PRESIDENT AND CEO	$496,539	$0	$0	$0	$446,479	$0	$15,367	$0	$29,431	$0	$987,816	$0	$286,972	$0
DENISE JONES-FRASIER
CHIEF OF STAFF SVP	$216,417	$0	$0	$0	$317,621	$0	$7,400	$0	$27,322	$0	$568,760	$0	$199,864	$0
ADRIAN JOHNSON
EVP AND CFO	$270,080	$0	$0	$0	$0	$0	$9,665	$0	$14,006	$0	$293,751	$0	$0	$0
KATHY SHELTON
SVP AND COO	$227,121	$0	$0	$0	$0	$0	$8,250	$0	$27,081	$0	$262,452	$0	$0	$0
MARY JO TAYLOR
SVP CHIEF COMMERCIAL LENDING	$190,740	$0	$0	$0	$0	$0	$6,816	$0	$21,965	$0	$219,521	$0	$0	$0
MAYNARD HURD
SVP CONSUMER LENDING	$191,743	$0	$0	$0	$0	$0	$6,666	$0	$20,087	$0	$218,496	$0	$0	$0
MICHELLE WILLIAMS
SVP HUMAN RESOURCES	$172,289	$0	$0	$0	$0	$0	$6,002	$0	$26,742	$0	$205,033	$0	$0	$0
TIMOTHY ROZALSKI
VP OF MARKETING	$177,902	$0	$0	$0	$0	$0	$6,230	$0	$18,200	$0	$202,332	$0	$0	$0
JEAN TYLER
VP ACCOUNTING/CONTROLLER	$163,137	$0	$0	$0	$0	$0	$5,641	$0	$25,480	$0	$194,258	$0	$0	$0
DONTE LEGGETTE
VP OF IT SERVICES	$158,250	$0	$0	$0	$0	$0	$5,829	$0	$19,831	$0	$183,910	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINES 4A-B

SCH J, PART I, LINE 4A: THE CREDIT UNION ENTERED INTO A DIRECTOR SEVERANCE PLAN WITH MEMBERS OF THE BOARD OF DIRECTORS THAT PROVIDES SEVERANCE PAYMENTS TO DIRECTORS UPON THEIR DEPARTURE FROM THE BOARD. THE ESTIMATED LIABILITY UNDER THESE AGREEMENTS IS BEING ACCRUED ON A STRAIGHT-LINE BASIS. THE BENEFICIARIES OF FORMER MEMBER OF THE BOARD OF DIRECTORS, HERMAN WILLIAMS JR., RECEIVED HIS SEVERANCE DISBURSEMENT OF $30,000 DURING 2022. SCH J, PART I, LINE 4B: THE BELOW-LISTED INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. MICHELLE WILLIAMS ADRIAN JOHNSON JOHN HAMILTON KATHY SHELTON DENISE JONES-FRASIER THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT IN 2022: JOHN HAMILTON: $441,479 DENISE JONES-FRASIER: $317,621

FORM 990, SCH J, LINE 4B

THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO JOHN HAMILTON THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	JOHN HAMILTON	PersonNm
Relationship With Org	PRESIDENT AND CEO	RelationshipWithOrgTxt
Loan Purpose	TO FUND SPLIT DOLLAR PREMIUMS	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$5,850,000	OriginalPrincipalAmt
Balance Due	$6,035,678	BalanceDueAmt
Default	0	DefaultInd
Board Or Committee Approval	Yes (1)	BoardOrCommitteeApprovalInd
Written Agreement	Yes (1)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$6,035,678	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.
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. THEY MUST APPROVE AMENDMENTS TO CHANGE THE ARTICLES OF INCORPORATION. THE MEMBERSHIP MUST ALSO APPROVE CHANGES TO THE BYLAWS THAT IMPACT MEMBERSHIP MEETINGS, VOTING RIGHTS OF THE MEMBERS, ANY CHANGE IN THE FIELD OF MEMBERSHIP AND ANY CHANGE TO THE BYLAWS REGARDING THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	THE VP OF ACCOUNTING/CONTROLLER PERFORMS A DETAILED REVIEW OF THE TAX RETURN. THE CFO AND BOARD THEN REVIEW THE TAX RETURN PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD DIRECTORS, MECU EMPLOYEES AND SUPERVISORY AND CREDIT COMMITTEE MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THE RESPONSES ARE REVIEWED BY MECU'S HUMAN RESOURCES DEPARTMENT TO VERIFY THAT EVERYONE IS IN COMPLIANCE WITH MECU'S CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15	FOR THE CEO, A DESIGNATED COMMITTEE AND THE BOARD REVIEW DATA FROM INDUSTRY RELATED SURVEYS. OTHER ANALYSIS MAY BE PREPARED BY AN EXTERNAL CONSULTANT AS NEEDED. THIS DATA IS USED TO REVIEW COMPENSATION ALONG WITH CEO PERFORMANCE TO DETERMINE SALARY. FOR VP LEVEL EMPLOYEES AND ABOVE, A DESIGNATED COMMITTEE AND THE BOARD REVIEW DATA FROM INDUSTRY RELATED SURVEYS. OTHER ANALYSIS AS NEEDED MAY BE PREPARED BY AN EXTERNAL CONSULTANT, WHICH IS ALSO REVIEWED. WITH DIRECTION FROM THE BOARD, THE CEO WORKING WITH THE HR DEPARTMENT, MAKES DECISIONS ON EXECUTIVE LEVEL COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
FORM 990, PART IX, LINE 11G	CONSULTING FEES 560,098. OTHER PROFESSIONAL SERVICES 39,699.
FORM 990, PART IX, LINE 24E	MEMBER SERVICING 1,211,732. MISCELLANEOUS 808,747. MEMBER STATEMENT EXPENSE 720,478. FRAUD LOSSES 548,079. OTHER NON-OPERATING 317,993.
FORM 990, PART XI, LINE 9:	RECLASSIFICATION ADJUSTMENT FOR NET AFS INVESTMENT GAINS/LOSSES INCLUDED IN NET INCOME 409,912. DEFINED BENEFIT PENSION PLAN AMORITZATION OF PRIOR SERVICE COSTS 169,205. POST-RETIREMENT HEALTHCARE PLAN GAINS FROM CHANGES IN ACTUARIAL ASSUMPTIONS 1,226,297. DEFINED BENEFIT PENSION PLAN NET PENSION GAINS/(LOSSES) -2,540,174.
FORM 990, PART XII, LINE 2C	THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.