Mercy Credit Union
- Assets
- $87.1m
- Revenue
- $3.0m
- Investments
- $5.4m
- Employees
- 26
- Location
- Springfield, MO
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 43-6203095
Organization Overview
Mercy Credit Union is located in Springfield, MO. The organization was established in 0000. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Mercy Credit Union employed 26 individuals. Mercy 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 12/2021, Mercy Credit Union generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS WHO SHARE OUR COMMON BOND AND EXIST FOR THE FINANCIAL BENEFIT OF THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG THEIR 13,734 MEMBERS BY PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Rowden Manager | Officer | 40 | $107,283 |
Vanessa Harper Chairman | OfficerTrustee | 1 | $0 |
Dane Douglas Vice Chairma | OfficerTrustee | 1 | $0 |
Connie Snider Board Member | Trustee | 1 | $0 |
Chris Bos Board Member | Trustee | 1 | $0 |
Cindy Bennett Board Member | Trustee | 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 | $2,968,517 |
| Investment income | $49,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,865 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,013,320 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $117,614 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $738,707 |
| Pension plan accruals and contributions | $94,360 |
| Other employee benefits | $124,204 |
| Payroll taxes | $63,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,229 |
| Fees for services: Accounting | $15,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $528,721 |
| Advertising and promotion | $7,850 |
| Office expenses | $149,822 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,377 |
| Travel | $8,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $140,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,111 |
| Insurance | $39,170 |
| All other expenses | $120,732 |
| Total functional expenses | $2,796,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,271,451 |
| Savings and temporary cash investments | $26,029,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51,896,701 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,457 |
| Net Land, buildings, and equipment | $90,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,419,089 |
| Investments—program-related | $767,559 |
| Intangible assets | $0 |
| Other assets | $545,482 |
| Total assets | $87,100,295 |
| Accounts payable and accrued expenses | $772,740 |
| 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 | $79,664,859 |
| Total liabilities | $80,437,599 |
| 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 | $6,662,696 |
| Total liabilities and net assets/fund balances | $87,100,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Illinois Community Credit Union Champaign, IL | $475,743,912 | $22,792,231 |
Mid American Credit Union Wichita, KS | $369,701,114 | $22,939,489 |
Memphis City Employees Credit Union Memphis, TN | $441,662,639 | $21,190,840 |
Land Of Lincoln Credit Union Decatur, IL | $357,439,691 | $20,389,555 |
Siu Credit Union Carbondale, IL | $404,439,735 | $19,509,001 |
Healthcare Associates Credit Union Naperville, IL | $470,519,753 | $19,024,406 |
Cornerstone Financial Credit Union Nashville, TN | $522,943,459 | $21,028,853 |
Financial Plus Credit Union Ottawa, IL | $450,128,379 | $18,435,940 |
Streator Onized Credit Union Streator, IL | $322,868,914 | $20,466,912 |
Arsenal Credit Union Arnold, MO | $349,876,786 | $18,878,245 |
Kane County Teachers Credit Union Elgin, IL | $376,184,077 | $16,257,755 |
Allegiance Credit Union Oklahoma City, OK | $376,025,043 | $16,187,363 |