Metropolitan Services Credit Union
- Assets
- $11.9m
- Revenue
- $480.2k
- Investments
- $4.9m
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 09/1944
- Data as of
- 12/2023
- EIN
- 41-0521995
Organization Overview
Metropolitan Services Credit Union is located in Saint Paul, MN. The organization was established in 1944. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Metropolitan Services Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2023, Metropolitan Services Credit Union generated $480.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $434.0k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION PROVIDING NON-PROFIT FINANCIAL SERVICES TO THE MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS PAID TO MEMBERS SHARE ACCOUNTS
ANNUAL MEETING OF THE MEMBERSHIP AS REQUIRED BY THE BYLAWS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Rylicki President | Officer | 40 | $82,245 |
Wayne Anderson Director | Officer | 1 | $0 |
David Quast Secretary | Officer | 1 | $0 |
Arthur Doherty Director | Officer | 1 | $0 |
Roger Tatge Director | Officer | 1 | $0 |
Karen Aguirre Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $361,858 |
| Investment income | $112,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $40,431 |
| Compensation of current officers, directors, key employees. | $82,245 |
| Compensation of current officers, directors, key employees. | $82,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,886 |
| Pension plan accruals and contributions | $2,952 |
| Other employee benefits | $8,070 |
| Payroll taxes | $13,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,400 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,746 |
| Office expenses | $38,553 |
| Information technology | $43,141 |
| Royalties | $0 |
| Occupancy | $32,601 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,224 |
| Insurance | $8,124 |
| All other expenses | $12,927 |
| Total functional expenses | $433,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,076 |
| Savings and temporary cash investments | $626,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,283,979 |
| Inventories for sale or use | $267 |
| Prepaid expenses and deferred charges | $67,554 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,877,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,939,728 |
| Accounts payable and accrued expenses | $11,641,837 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,641,837 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $297,891 |
| Total liabilities and net assets/fund balances | $11,939,728 |