2016-03-18T12:20:45-07:00 2015-12-31 990 2015-01-01 810504125 MONTANA EDUCATORS CREDIT UNION MONT 4067281034 PO Box 2668 Missoula MT 59806 John Dorsey Volunteer 2535649709 2016-03-15 2015 2016-09-27 15:27:22Z Leslie Womack PO Box 2668 Missoula MT 59806 656359 0 X www.mtedcu.org X 1996 MT Consumer (member) financial services 7 7 5 10 0 0 0 0 566395 574035 47380 59614 0 -2934 613775 630715 0 0 0 0 281792 286794 0 0 0 256971 266398 538763 553192 75012 77523 15940860 15432969 114189 169462 15826671 15263507 Consumer (member) financial services 0 0 553192 633649 During 2015 the credit union served over 1600 members with a wide variety of financial services. At year-end there were over $13.8 million in savings accounts and $9.2 million in loans outstanding. Additional services provided include financial education and newsletters. 0 0 0 553192 0 0 0 0 0 0 0 0 0 1 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 1 271 0 1 5 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 PO Box 2668 Missoula MT 59806 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 Michael M Reynolds Treasurer 3 0 X 0 0 0 Thomas P Ross Board member 2 0 X 0 0 0 Cindy Schultz 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 469957 469957 0 0 fees and charges 522130 41606 41606 0 0 62472 62472 0 0 574035 59614 59614 0 0 0 0 0 0 0 0 0 0 22710 0 25644 0 -2934 0 -2934 -2934 0 0 0 0 0 630715 630715 0 0 0 0 0 0 0 0 249909 4998 12000 19887 0 0 0 0 0 0 19363 15349 147550 0 0 15720 0 0 2266 Dividends paid on savings accounts 13546 Loan servicing 26757 Provision for loan losses 2829 Supervisory examination fees 8424 14594 553192 0 0 0 X 33569 29684 6604777 5575425 0 0 3699 4692 0 0 0 0 8686532 9208125 0 0 35250 35320 798431 401674 410787 396757 0 0 0 0 0 0 0 0 166246 182966 15940860 15432969 92436 157300 21753 12162 114189 169462 X 0 0 0 0 15826671 15263507 15826671 15263507 15940860 15432969 X 77523 0 0 0 0 -640687 X X 0 0 0 0 88762 88762 0 434629 151317 283312 0 20561 20561 0 0 254479 229796 24683 0 0 0 0 396757 Taxes payable 6979 Other liabilities 5183 12162 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. Form 990, Part VI, Section B, Line 11b A copy of IRS Form 990 is provided 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 president's 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 X, Line 15 Other Assets: $ 38,011 Accrued Income 144,955 Deposit in NCUSIF ----------- $182,966 Form 990, Part XI, Line 9 Decrease in member shares (deposits) Form 990, Part XII, Line 2a The Supervisory Committee conducted an audit in accordance with the Supervisory Committee Guide for Federal Credit Unions issued by the National Credit Union Administration.