2018-05-03T10:40:00-07:00 2017-12-31 990 2017-01-01 810504125 MONTANA EDUCATORS CREDIT UNION MONT 4067281034 PO Box 2668 Missoula MT 59806 John Dorsey Volunteer 2535649709 2018-05-03 2017 2022-09-23 18:48:47Z Leslie Womack PO Box 2668 Missoula MT 59806 749143 0 X www.mtedcu.org X 1996 MT Consumer (member) financial services 7 7 7 10 0 0 0 0 548724 635068 59181 75300 7064 9362 614969 719730 0 0 0 0 293382 297607 0 0 0 301650 325313 595032 622920 19937 96810 16342331 16766538 265682 121882 16076649 16644656 Consumer (member) financial services 0 0 622920 0 710368 During 2017 the credit union served over 1600 members with a wide variety of financial services. At year-end there were over $15.1 million in savings accounts and $10.4 million in loans outstanding. Additional services provided include financial education and newsletters. 0 0 0 622920 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 7 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 1 1 0 0 X Leslie Womack 4067281034 2000 South Russell St Suite 1 Missoula MT 59801 Kathryn K Shepherd Chairman 3 0 X 0 0 0 Beth C Huguet Vice-Chairman 2 0 X 0 0 0 Pamela F Diamond Secretary 2 0 X 0 0 0 Carla Getz Board member 2 0 X 0 0 0 Thomas P Ross Treasurer 3 0 X 0 0 0 John Frederickson Board member 2 0 X 0 0 0 Byron Smith Board member 2 0 X 0 0 0 0 0 0 0 0 0 0 0 0 Interest on loans 522130 493903 493903 0 0 Fees and charges 522130 58325 58325 0 0 82840 82840 0 0 635068 75300 75300 0 0 0 0 0 0 0 0 0 0 38775 0 29413 0 9362 0 9362 9362 0 0 0 0 0 719730 719730 0 0 0 0 0 0 0 0 248523 4224 25321 19539 0 0 0 0 0 0 16150 23005 184051 0 0 16766 0 0 1319 927 0 0 0 Dividends paid on savings accounts 14486 Loan servicing 28328 Provision for loan losses 23620 Association dues and misc 16661 622920 0 0 0 26250 26718 6495043 5726212 0 0 4692 0 0 0 0 0 9202186 10408982 0 0 23947 31820 833251 450064 405070 383187 0 0 0 0 0 0 0 0 185143 189619 16342331 16766538 252960 91833 30049 12722 265682 121882 X 0 0 0 0 16076649 16644656 16076649 16644656 16342331 16766538 X 96810 0 0 0 0 471197 X 0 0 0 0 88762 88762 0 463608 186178 277430 0 20561 20561 0 0 260320 243325 16995 0 0 0 0 383187 Form 990, Part VI, Section A, Line 6 The credit union is composed of members as authorized by MCA 32-3-304. Form 990, Part VI, Section A, Line 7a Each member has one vote to cast for each position on the board of directors. Form 990, Part VI, Section A, Line 8b There are no committees with authority to act on behalf of the board of directors. Form 990, Part VI, Section B, Line 11b A copy of IRS Form 990 is available to the board of directors after it is completed and filed. Form 990, Part VI, Section B, Line 12c Officers, directors and key employees are well known to each other and would be aware of any conflicts of interest. Form 990, Part VI, Section B, Line 15 The presidents salary is reviewed and determined annually by the board of directors. Form 990, Part VI, Section C, Line 19 On request in its office during regular business hours. Form 990, Part XI, Line 9 Increase in member deposits (shares) and undivided earnings.