2017-09-22T19:27:05-05:00 2016-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2016-01-01 751249646 METRO MEDICAL CREDIT UNION METR 2146300611 8828 STEMMONS NO 113 DALLAS TX 752473720 MICHAEL CRAIG WHITE PRESIDENT/CEO 2146300611 2017-09-13 1 DOUGLAS J ORTH P01076394 3052328272 50.235.194.18 2017-09-13 23:01:56 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 062293E64DF58CF8D35332F263D6456F83B37FCF 2016 2021-01-29 14:40:06Z MICHAEL CRAIG WHITE 8828 STEMMONS SUITE 113 DALLAS TX 752473720 2507075 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. 7 7 15 9 37056 -37233 0 0 1777208 2503276 525603 3799 0 0 2302811 2507075 0 0 0 0 857637 891308 0 0 0 1193572 1240467 2051209 2131775 251602 375300 69682554 72426478 61541691 63910315 8140863 8516163 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 7,240 MEMBERS AND 11,517 MEMBER ACCOUNTS AS OF DECEMBER 31, 2016. 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 3,292 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-SIX 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 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 1 1390 0 1 15 1 1 1 0 0 0 0 0 X 7 7 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/SC MEMBER 1.00 X 0 0 0 DAVID KNOWLES BOD MEMBER/DIRECTOR 1.00 X 0 0 0 RHONDA K ARRINGTON BOD MEMBER/DIRECTOR 1.00 X 0 0 0 AMBER S NICHOLSON SECRETARY/TREASURER 1.00 X 0 0 0 JESSICA HERNANDEZ BOD MEMBER/VICE CHAIR 1.00 X 0 0 0 DOUG WATTS BOD MEMBER/DIRECTOR 1.00 X 0 0 0 GAIL SEAMEN BOD/DIRECTOR 1.00 X 0 0 0 QUYNH CHAU BOD/DIRECTOR 1.00 X 0 0 0 ESMAEIL PORSA BOD/DIRECTOR 1.00 X 0 0 0 MICHAEL CRAIG WHITE PRESIDENT/CEO 65.00 X 123182 0 16175 CESAR A RUIZ VICE PRESIDENT 40.00 X 56934 0 8275 180116 0 24450 1 0 0 0 FISERV 2601 NETWORK BLVD SUITE 600 FRISCO TX 75034 DATA PROCESSING 126810 1 INTEREST ON LOANS 522100 2448642 2448642 ATM FEES 561000 28787 28787 FEES AND CHARGES 522100 17578 17578 EXTENDED WARRENTY INCO 524298 8269 8269 2503276 3799 3799 2507075 2470019 37056 0 204566 475661 27132 132432 51517 975 501889 20350 172351 121785 3125 156548 22257 24122 LOAN SERVICING EXPENSE 84974 MISCELLANEOUS 54508 PROVISION FOR LOAN LOSS 47750 ASSOCIATION DUES 29833 2131775 1356130 1331986 11694883 18863210 19663 4514 16522511 16063504 39871 21873 497944 430923 80635 67021 1200000 1000000 38005479 34276504 763382 797866 69682554 72426478 526670 310494 61015021 63599821 61541691 63910315 X 0 0 0 0 8140863 8516163 8140863 8516163 69682554 72426478 375300 0 X X 0 1 X 1 0 497944 430923 67021 67021 CERTIFICATES OF DEPOSIT 34143237 C PERPETUAL CONTRIBUTED CAPITAL 133267 C 34276504 MEMBER DEPOSITS - SHARES 36018357 MEMBER DEPOSITS - SHARE DRAFTS 14196213 MEMBER DEPOSITS - MONEY MARKET 5349918 MEMBER DEPOSITS - IRA SHARES 1376952 MEMBER DEPOSITS - IRA CD'S 1786115 MEMBER DEPOSITS - CHRISTMAS CLUB 312455 COURTESY PAY OVERDRAFT 57596 MEMBER DEPOSITS - CERTIFICATES 4502215 63599821 2507075 0 2507075 0 2507075 2131775 0 2131775 0 2131775 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. 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.