2012-03-24T13:09:54-07:00 2011-12-31 990 2011-01-01 810504125 MONTANA EDUCATORS CREDIT UNION MONT 4067281034 PO Box 2668 Missoula MT 598062668 John Dorsey 2537203683 2012-03-22 2011 2016-02-24 21:20:13Z Leslie M Womack PO Box 2668 Missoula MT 598062668 700790 0 X www.mtedcu.org X 1996 MT Consumer (member) financial services 7 7 5 10 0 0 0 0 674310 634535 85554 66255 0 0 759864 700790 0 0 0 0 250376 269127 0 0 0 409190 296345 659566 565472 100298 135318 13981226 13847372 114843 242771 13866383 13604601 Consumer (member) financial services 0 0 0 0 0 During 2011 the credit union served almost 1600 members with a wide variety of financial services. At year-end there were over $12 million in savings accounts and $9 million in loans outstanding. Additional services provided include financial education and newsletters. 0 0 0 NA 0 0 0 NA 0 0 0 0 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 0 1 0 0 1 5 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X Leslie M Womack 4067281034 2000 S Russell St Missoula MT 59801 Torrey Holmquist 1 X 0 0 0 Kathryn K Shepherd 2 X 0 0 0 Beth C Huguet 1 X 0 0 0 Pamela F Diamond 1 X 0 0 0 Michael M Reynolds 2 X 0 0 0 Tom Ross 1 X 0 0 0 Cindy Schultz 1 X 0 0 0 0 0 0 0 0 0 0 0 0 Interest from loans 522130 561568 561568 0 0 Fees & charges 522130 48665 48665 0 0 24302 24302 0 0 634535 66255 66255 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 700790 700790 0 0 0 0 0 0 0 0 234386 0 14908 19833 0 0 0 0 0 0 21713 17893 84830 0 0 16053 2030 0 0 0 12428 0 0 Dividends paid on savings account 69971 Loan servicing 28776 Provision for loan losses 6453 NCUSIF assessment 28596 7602 565472 0 0 0 9873 16646 4308205 4138475 0 0 14077 0 0 0 0 0 9000975 9044953 0 0 25158 37424 728637 277343 455095 451294 0 0 0 0 167843 158580 13981226 13847372 114843 227160 0 0 0 0 0 0 0 0 15611 114843 242771 X 12803481 12406381 0 0 1062902 1198220 13866383 13604601 13981226 13847372 X 135318 -397100 X 0 0 0 0 88762 88762 0 406564 84727 321837 0 0 0 0 0 233311 192616 40695 0 0 0 0 451294 1601 Other liabilities 14010 15611 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 The credit union is composed of members as authorized by MCA 32-3-304 F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Each member has one vote to cast for each position on the board of directors F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a A copy of the Form 990 is provided to the board of directors. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Officers, directors and key employees are well known to each other, and aware of any potential conflicts of interest. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The presidents salary is reviewed and determined annually by the board of directors. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents and policies are available for review upon request. Financial Statements are posted on the lobby bulletin board monthly. F990_P11_S00_L05 Form 990, Part XI, Line 5 Decrease in member deposits.