MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC (EIN 52-0284053)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201203199349303185
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T12:10:19-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520284053 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUNICIPAL EMPLOYEES CREDIT UNION OF | BusinessNameLine1 |
| Business Name Line2 | BALTIMORE INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MUNI | NameControl |
| Phone | 4107528313 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 E REDWOOD STREET | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 21202 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NATALIE J WOOMER | Name |
| Title | VP/CONTROLLER | Title |
| Phone | 4107528313 | Phone |
| Date Signed | 2012-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GERALD B KISSELL | Name |
| PTIN | P00092658 | PTIN |
| Phone | 6123324300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BERT J HASH JR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 E REDWOOD STREET | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 21202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 187690706 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MECU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1936 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE MEMBERS WITH HIGH QUALITY FINANCIAL SERVICES THROUGH SOUND MANAGEMENT AND INNOVATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 338 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 329864 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 55185 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 58270286 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 58624503 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 11135527 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9632792 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 69405813 | TotalRevenuePriorYear |
| Total Revenue Current Year | 68257295 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 17660202 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 15614879 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 19311863 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 20338571 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 26524110 | OtherExpensePriorYear |
| Other Expenses Current Year | 30176365 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 63496175 | TotalExpensesPriorYear |
| Total Expenses Current Year | 66129815 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5909638 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2127480 | RevenuesLessExpensesCY |
| Total Assets BOY | 1080871991 | TotalAssetsBOY |
| Total Assets EOY | 1124196951 | TotalAssetsEOY |
| Total Liabilities BOY | 967887646 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1004763273 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 112984345 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 119433678 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO PROVIDE MEMBERS WITH HIGH QUALITY FINANCIAL SERVICES THROUGH SOUND MANAGEMENT AND INNOVATION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | MECU MAKES A VARIETY OF TYPES OF LOANS TO ITS MEMBERS INCLUDING MORTGAGE, HOME EQUITY, VEHICLE, CREDIT CARD AND UNSECURED LOANS AT VERY COMPETITIVE INTEREST RATES. THERE WERE 49,207 OUTSTANDING LOANS AT 12/31/11. IN 2011, MECU REFUNDED OVER $2 MILLION OF THE INTEREST THAT ITS MEMBERS PAID ON LOANS DURING THE YEAR. IT WAS THE 30TH CONSECUTIVE YEAR THAT MECU HAS RETURNED MONEY TO ITS MEMBERS IN THE FORM OF A LOAN INTEREST REBATE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MECU PROVIDES ITS 98,663 MEMBERS WITH THE MEANS TO SAVE MONEY. MECU OFFERS SHARE SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT, IRA, EDUCATIONAL SAVINGS AND MONEY MARKET ACCOUNTS. IN ADDITION TO PAYING VERY COMPETITIVE DIVIDEND AND INTEREST RATES ON ITS SAVINGS PRODUCTS, MECU HAS ALSO PAID AN EXTRAORDINARY DIVIDEND TO ITS MEMBERS FOR THE LAST 30 CONSECUTIVE YEARS. MECU PAID $1.96 MILLION IN EXTRAORDINARY DIVIDENDS TO ITS MEMBERS IN 2011. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | IN 2011, MECU WON THE LOUISE HERRING PHILOSOPHY IN ACTION AWARD, THE DORA MAXWELL AWARD FOR SOCIAL RESPONSIBILITY AND THE DESJARDINS AWARD FOR YOUTH FINANCIAL LITERACY FROM THE MARYLAND DC CREDIT UNION ASSOCIATION. MECU STRIVES TO OFFER PRODUCTS AND SERVICES DESIGNED TO IMPROVE THE ECONOMIC AND SOCIAL WELL BEING OF ALL MEMBERS FROM ALL SOCIAL-ECONOMIC BACKGROUNDS. MECU'S FIELD OF MEMBERSHIP DRAWS FROM BALTIMORE CITY, AN AREA THAT QUALIFIES AS AN UNDERSERVED/INVESTMENT AREA AS DEFINED BY THE NCUA. MECU IS ALSO COMMITTED TO MEMBER FINANCIAL EDUCATION. SOME OF THE PROGRAMS THAT MECU PROVIDES INCLUDE: DISCOUNTED MORTGAGE RATES THROUGH 1ST TIME HOMEBUYER'S PROGRAMS AND BUY IN BALTIMORE LOANS, HOME BUYERS' WORKSHOPS, CREDIT REPAIR WORKSHOPS, BASICS OF MONEY MANAGEMENT; NEW EMPLOYEE AND PRE-RETIREMENT WORKSHOPS AND FREE CREDIT COUNSELING SERVICES THROUGH ACCEL, A GREENPATH, INC. AFFILIATE. MECU ALSO HAS A STUDENT-RUN BRANCH AT A HIGH SCHOOL. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MECU ACTIVELY PARTICIPATES IN COMMUNITY OUTREACH PROJECTS. SOME OF THE PROGRAMS THAT MECU PARTICIPATED IN DURING 2011 WERE HABITAT FOR HUMANITY, JUNIOR ACHIEVEMENT, MEALS ON WHEELS, PARTNERSHIPS WITH NINE ELEMENTARY SCHOOLS, ADOPTING FAMILIES FOR THE HOLIDAYS, SALVATION ARMY ANGEL TREE, MARYLAND PUBLIC TELEVISION TELETHON, CREDIT UNIONS FOR KIDS, DONATED OVER 6,900 BOOKS TO BALTIMORE CITY SCHOOL CHILDREN, THREW A PARTY FOR THE RESIDENTS AT A NURSING HOME, HELD A BLOOD DRIVE AND FED PEOPLE IN NEED AT OUR DAILY BREAD AND SEVERAL MISSIONS. MECU ALSO WALKED IN THE ADA AND CYSTIC FIBROSIS WALK-A-THONS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 41513 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 338 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATALIE J WOOMER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4107528313 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 E REDWOOD STREET | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 21202 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| HERMAN WILLIAMS JR | ||||||||
| CHAIRMAN | 2.00 | X | X | 16350 | 0 | 1000 | ||
| ERNEST GLINKA | ||||||||
| VICE CHAIRMAN | 1.40 | X | X | 18550 | 0 | 1000 | ||
| GARY MCLHINNEY | ||||||||
| SECRETARY | 1.00 | X | X | 14750 | 0 | 1000 | ||
| BERT HASH JR | ||||||||
| PRESIDENT AND CEO | 50.00 | X | X | 526855 | 0 | 237831 | ||
| LORRETTA JOHNSON | ||||||||
| DIRECTOR | 0.70 | X | 7550 | 0 | 1000 | |||
| JOHN WALKER III | ||||||||
| DIRECTOR | 1.00 | X | 10550 | 0 | 1000 | |||
| G LOUISE GREEN | ||||||||
| DIRECTOR | 0.90 | X | 9350 | 0 | 1000 | |||
| CHARMAINE THOMAS | ||||||||
| DIRECTOR | 1.10 | X | 10950 | 0 | 1000 | |||
| A SOULA LAMBROPOULOS | ||||||||
| DIRECTOR | 1.10 | X | 11750 | 0 | 1000 | |||
| BENJAMIN MELI JR | ||||||||
| DIRECTOR | 1.40 | X | 14150 | 0 | 1000 | |||
| KALIOPE PARTHEMOS | ||||||||
| DIRECTOR | 0.20 | X | 2400 | 0 | 1000 | |||
| PEGGY PEACOCK | ||||||||
| DIRECTOR | 0.90 | X | 9750 | 0 | 1000 | |||
| ROMAN CLARK SR | ||||||||
| DIRECTOR | 1.40 | X | 14350 | 0 | 1000 | |||
| ANDREW FRANK | ||||||||
| DIRECTOR | 0.40 | X | 4150 | 0 | 0 | |||
| ADRIAN JOHNSON | ||||||||
| SENIOR VP AND CFO | 45.00 | X | 166475 | 0 | 27337 | |||
| ANDREW PATAKI | ||||||||
| EXECUTIVE VP AND COO | 45.00 | 296904 | 0 | 75994 | X | |||
| GARY MARTIN | ||||||||
| SENIOR VP OF LENDING | 45.00 | 171374 | 0 | 45287 | X | |||
| NATALIE WOOMER | ||||||||
| VP AND CONTROLLER | 45.00 | 133537 | 0 | 26464 | X | |||
| FRANK RICHTER JR | ||||||||
| VP OF OPERATIONS | 45.00 | 129307 | 0 | 39535 | X | |||
| ALAN GRIFFITHS | ||||||||
| VP OF INFORMATION SYSTEMS | 45.00 | 143429 | 0 | 46103 | X | |||
| PATRICIA ROBERTS | ||||||||
| VP OF BRANCH OPERATIONS | 45.00 | 132692 | 0 | 39602 | X | |||
| LAURIE RUSH | ||||||||
| VP OF MARKETING | 45.00 | 125143 | 0 | 12800 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1970316 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 562953 | TotalOtherCompensation |
| Number Individuals GT100 K | 15 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PSCU FINANCIAL SERVICES | |||||
| 560 CARILLON PARKWAY | ST PETERSBERG | FL | 33716 | CREDIT AND DEBIT CARD PROCESSOR | 2062603 |
| CAREFIRST BLUE CROSS BLUE SHIELD | |||||
| PO BOX 79749 | BALTIMORE | MD | 21279 | HEALTH INSURANCE | 1976776 |
| FIDELITY NATIONAL INFORMATION SERVICES | |||||
| PO BOX 4535 | CAROL STREAM | IL | 60197 | DATA PROCESSOR | 1406337 |
| FISERV | |||||
| 75 REMITTANCE DRIVE SUITE 6962 | CHICAGO | IL | 60675 | DATA PROCESSOR | 968510 |
| STAR NETWORK | |||||
| 401 WEST A STREET SUITE 600 | SAN DIEGO | CA | 92101 | ATM NETWORK | 776009 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 16 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INTEREST ON LOANS TO M | 522100 | 43200936 | 43200936 | |
| SERVICE CHARGES AND OT | 522100 | 9699526 | 9527225 | 172301 |
| OTHER NONINTEREST INCO | 522100 | 5724041 | 5566478 | 157563 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 58624503 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8136032 | TotalRevenueColumn |
| Exclusion | $8,136,032 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 120930171 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 119433411 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1496760 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1496760 | TotalRevenueColumn |
| Exclusion | $1,496,760 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 68257295 | TotalRevenueColumn |
| Related Or Exempt Function Income | 58294639 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 329864 | UnrelatedBusinessRevenue |
| Exclusion | $9,632,792 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15614879 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1704657 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12434000 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2169431 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2946066 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1084417 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 197725 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39000 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 426599 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1673122 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2186608 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1717088 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1900379 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 505031 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1601027 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1316493 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 219835 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 7507950 |
| LOAN SERVICING EXPENSE | 2950117 |
| ATM/DEBIT CARD EXPENSE | 2682605 |
| TEMPORARY CORPORATE CU | 2195727 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3057059 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66129815 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13207132 | BOY |
| EOY | 17174629 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7079414 | BOY |
| EOY | 12301481 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 620827425 | BOY |
| EOY | 637331800 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 14833435 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10880505 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4529438 | BOY |
| EOY | 3952930 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 389902071 | BOY |
| EOY | 398261774 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45326511 | BOY |
| EOY | 55174337 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1080871991 | BOY |
| EOY | 1124196951 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13897360 | BOY |
| EOY | 14693921 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 66198 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 953990286 | BOY |
| EOY | 990003154 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 967887646 | BOY |
| EOY | 1004763273 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112984345 | BOY |
| EOY | 119433678 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112984345 | BOY |
| EOY | 119433678 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1080871991 | BOY |
| EOY | 1124196951 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2127480 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 4321853 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 0 | IncludedOnFS |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 314800 | OtherCostOrOtherBasis |
| Depreciation | 68711 | Depreciation |
| Book Value | 246089 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5097224 | OtherCostOrOtherBasis |
| Depreciation | 3387941 | Depreciation |
| Book Value | 1709283 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9421411 | OtherCostOrOtherBasis |
| Depreciation | 7423853 | Depreciation |
| Book Value | 1997558 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3952930 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| AVAILABLE FOR SALE SECURITIES | 335385608 | F |
| HELD-TO-MATURITY | 62876166 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 398261774 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBERS' SHARES AND SAVINGS | $922,919,820 |
| BORROWED FUNDS | $67,083,334 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 990003154 | TotalOfAmounts |
| Total Revenue | 68257295 | TotalRevenue |
| Total Expenses | 66129815 | TotalExpenses |
| Excess Or Deficit For Year | 2127480 | ExcessOrDeficitForYear |
| Other | $4,321,853 | OtherAmount |
| Total Adjustments | 4321853 | TotalAdjustments |
| Excess Or Deficit Per FS | 6449333 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 68257295 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 68257295 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 68257295 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 66129815 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 66129815 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 66129815 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF FIN48. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | RECLASSIFICATION ADJUSTMENT FOR REALIZED GAINS ON INVESTMENT -1,496,760. UNREALIZED HOLDING GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE 5,818,613. TOTAL TO SCHEDULE D, PART XI, LINE 8: 4,321,853. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (8 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BERT HASH JR | |||||||||||||
| 466531 | 0 | 50000 | 0 | 10324 | 0 | 223262 | 0 | 14569 | 0 | 764686 | 0 | 0 | 0 |
| ADRIAN JOHNSON | |||||||||||||
| 157596 | 0 | 7000 | 0 | 1879 | 0 | 18173 | 0 | 9164 | 0 | 193812 | 0 | 0 | 0 |
| ANDREW PATAKI | |||||||||||||
| 268850 | 0 | 20000 | 0 | 8054 | 0 | 62875 | 0 | 13119 | 0 | 372898 | 0 | 0 | 0 |
| GARY MARTIN | |||||||||||||
| 162475 | 0 | 7000 | 0 | 1899 | 0 | 43879 | 0 | 1408 | 0 | 216661 | 0 | 0 | 0 |
| NATALIE WOOMER | |||||||||||||
| 125052 | 0 | 7000 | 0 | 1485 | 0 | 20562 | 0 | 5902 | 0 | 160001 | 0 | 0 | 0 |
| FRANK RICHTER JR | |||||||||||||
| 122307 | 0 | 7000 | 0 | 0 | 0 | 24025 | 0 | 15510 | 0 | 168842 | 0 | 0 | 0 |
| ALAN GRIFFITHS | |||||||||||||
| 134817 | 0 | 7000 | 0 | 1612 | 0 | 33957 | 0 | 12146 | 0 | 189532 | 0 | 0 | 0 |
| PATRICIA ROBERTS | |||||||||||||
| 124193 | 0 | 7000 | 0 | 1499 | 0 | 29427 | 0 | 10175 | 0 | 172294 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINES 4A-B | ReturnReference |
| Explanation | THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: BERT HASH, JR. ANDREW PATAKI ADRIAN JOHNSON NATALIE WOOMER GARY MARTIN FRANK RICHTER ALAN GRIFFITHS PATRICIA ROBERTS ANDREW FRANK RECEIVED A $600 SEVERANCE PAYMENT. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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, WHETHER PERIODICALLY OR OTHERWISE. | |
| 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 11 | MECU'S VP AND CONTROLLER, NATALIE WOOMER, REVIEWS FORM 990 THOROUGHLY, PRIOR TO FILING WITH THE IRS. A COPY WILL ALSO BE GIVEN TO THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST AND CODE OF CONDUCT POLICY IS GIVEN TO EVERY EMPLOYEE AND SUPERVISORY COMMITTEE, CREDIT COMMITTEE AND BOARD MEMBER ANNUALLY. THIS FORM EXPLAINS WHAT CONSTITUTES A CONFLICT OF INTEREST AND EACH PERSON MUST SIGN TO SAY THAT THEY HAVE READ THE POLICY. EACH PERSON ALSO HAS TO COMPLETE A DISCLOSURE STATEMENT THAT IS A SERIES OF QUESTIONS WHICH MECU USES TO DETERMINE IF THERE ARE ANY CONFLICTS OF INTEREST. THE EMPLOYEE IS REQUIRED TO DISCLOSE ALL CONFLICTS ON THIS FORM. MECU'S HR DEPARTMENT VERIFIES THAT EVERYONE COMPLETES THESE FORMS AND REVIEWS THEM TO DETERMINE IF THERE ARE ANY CONFLICTS OF INTEREST. | |
| FORM 990, PART VI, SECTION B, LINE 15 | MECU SUBSCRIBES TO TWO SALARY RESEARCH BOOKS - THE CREDIT UNION EXECUTIVE SOCIETY (CUES) SALARY SURVEY AND THE CREDIT UNION NATIONAL ASSOCIATION (CUNA) STAFF SALARY SURVEY. OFFICERS' AND KEY EMPLOYEES' COMPENSATION FALLS WITHIN THE RANGES OF THESE SURVEYS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FINANCIAL STATEMENTS, CONFLICT OF INTERESTS POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON MECU'S WEBSITE. | |
| FORM 990, PART XI, LINE 5: | RECLASSIFICATION ADJUSTMENT FOR REALIZED GAINS ON INVESTMENT -1,496,760. UNREALIZED HOLDING GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE 5,818,613. TOTAL TO FORM 990, PART XI, LINE 5: 4,321,853. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MECU FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 EAST REDWOOD STREET | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 21202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261113703 | EIN |
| Primary Activities | CHARITABLE FOUNDATION | PrimaryActivities |
| Legal Domicile State | MD | LegalDomicileState |
| Exempt Code Section | 501(C)3 | ExemptCodeSection |
| Public Charity Status | PUBLIC | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |