2019-06-26T15:36:19-05:00 2018-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2018-01-01 751249646 METRO MEDICAL CREDIT UNION METR 2146300611 8828 STEMMONS NO 113 DALLAS TX 752473720 MICHAEL CRAIG WHITE PRESIDENT/CEO 2146300611 2019-06-24 1 DOUGLAS J ORTH P01076394 3052328272 104.11.88.150 2019-06-24 11:27:26 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2019-02-21 02:37:17Z MICHAEL CRAIG WHITE 8828 STEMMONS SUITE 113 DALLAS TX 752473720 2914686 0 X WWW.MMCU.COM X 1965 TX METRO MEDICAL CREDIT UNION IS A FINANCIAL COOPERATIVE FORMED TO PROVIDE FINANCIAL SERVICES FOR INDIVIDUALS OF MODEST MEANS. 8 8 19 9 40921 0 0 0 1921900 2159146 713043 755540 0 0 2634943 2914686 0 0 0 0 959865 1064649 0 0 0 1287599 1330464 2247464 2395113 387479 519573 73207181 71247330 64303539 61824115 8903642 9423215 COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES. 0 0 SHARE ACCOUNTS: METRO MEDICAL CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 7,127 MEMBERS AND 11,371 MEMBER ACCOUNTS AS OF DECEMBER 31, 2018. MEMBER SHARE ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE, AND ATMS. CHRISTMAS CLUB SAVINGS ACCOUNTS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS FOR END OF YEAR EXPENSES. CHECKING ACCOUNTS: METRO MEDICAL CREDIT UNION PROVIDES CHECKING ACCOUNTS WITH NO MONTHLY CHARGE TO CONSUMERS. MMCU HAS 3,395 CHECKING ACCOUNTS. DIVIDENDS ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION OFFERS FREE DEBIT CARDS AND FREE HOME BAKING ON THESE ACCOUNTS. INTERNET BILL PAY IS AVAILABLE FOR A NOMINAL MONTHLY CHARGE. APPROXIMATELY FORTY-SEVEN PERCENT OF THE CREDIT UNION'S MEMBERS HAVE A CHECKING ACCOUNT. CONSUMER LOANS: METRO MEDICAL CREDIT UNION PROVIDES SIGNATURE LOANS, PROPERTY IMPROVEMENT LOANS AND FIXED HOME EQUITY LOANS. ALSO, SHARE SECURED LOANS ARE AVAILABLE AT A REDUCED RATE. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1402 0 1 19 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 X CRAIG WHITE 2146300611 8828 STEMMONS SUITE 113 DALLAS TX 752477320 JOE G MAYER BOD - CHAIRPERSON 1.00 X 0 0 0 DAVID KNOWLES BOD - MEMBER/DIRECTOR 1.00 X 0 0 0 RHONDA K ARRINGTON BOD - DIRECTOR 1.00 X 0 0 0 AMBER S NICHOLSON BOD - SECRETARY/TREASURER 1.00 X 0 0 0 JESSICA HERNANDEZ BOD - VICE CHAIR 1.00 X 0 0 0 DOUG WATTS BOD - DIRECTOR 1.00 X 0 0 0 GAIL SEAMEN BOD - DIRECTOR 1.00 X 0 0 0 ERIC MCDANIEL BOD - DIRECTOR 1.00 X 0 0 0 MICHAEL CRAIG WHITE PRESIDENT/CEO 65.00 X 144108 0 18087 SHERMAN ROBERSON VICE PRESIDENT 40.00 X 78552 0 14406 222660 0 32493 1 0 1 0 FISERV 2601 NETWORK BLVD SUITE 600 FRISCO TX 75034 DATA PROCESSING 498458 1 INTEREST ON LOANS 522100 1076439 1076439 FEES AND CHARGES 522100 1041786 1041786 ATM FEES 561000 30771 30771 EXTENDED WARRENTY INCO 524298 10150 10150 2159146 755540 755540 2914686 2873765 40921 0 255153 556869 37813 154630 60184 4258 505258 11002 28678 164307 125528 2749 150588 18488 29133 LOAN SERVICING EXPENSE 130411 PROVISION FOR LOAN LOSS 77359 MISCELLANEOUS 66006 ASSOCIATION DUES 16699 2395113 1112805 1042675 18416797 13485587 6611 4539 20483998 28202601 12622 66785 501519 472175 47832 29344 1000000 1000000 31237992 26588051 888524 827748 73207181 71247330 512650 546325 63790889 61277790 64303539 61824115 X 0 0 0 0 8903642 9423215 8903642 9423215 73207181 71247330 519573 0 X 0 0 0 501519 472175 29344 29344 CERTIFICATES OF DEPOSIT 26454784 C PERPETUAL CONTRIBUTED CAPITAL 133267 C 26588051 MEMBER DEPOSITS - SHARES 36584264 MEMBER DEPOSITS - SHARE DRAFTS 14062013 MEMBER DEPOSITS - MONEY MARKET 4078251 MEMBER DEPOSITS - IRA SHARES 1094549 MEMBER DEPOSITS - IRA CD'S 1541630 MEMBER DEPOSITS - CHRISTMAS CLUB 209830 COURTESY PAY OVERDRAFT 52781 MEMBER DEPOSITS - CERTIFICATES 3654472 61277790 X 0 0 0 MICHAEL CRAIG WHITE PRESIDENT/CEO 144108 0 0 0 0 0 7876 0 10211 0 162195 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. 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 METRO MEDICAL CREDIT UNION MANAGEMENT MAKES THE FORM AVAILABLE TO THE CREDIT UNION'S BOARD OF DIRECTORS TO REVIEW BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS BUDGET COMMITTEE REVIEWS THE ANNUAL TEXAS CREDIT UNION LEAGUE SALARY SURVEY AND OTHER LEADING INDUSTRY SURVEYS AND DETERMINES THE COMPENSATION FOR THE CEO AND OTHER TOP MANAGEMENT OF THE CREDIT UNION. THE BUDGET COMMITTEE THEN REPORTS ITS RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS VOTES ON THE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 METRO MEDICAL CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE CREDIT UNION'S WEBSITE AND ALSO IN-PERSON UPON REQUEST.