Mercy Credit Union
- Assets
- $86.5m
- Revenue
- $3.6m
- Investments
- $10.5m
- Employees
- 33
- Location
- Springfield, MO
- Founding
- 00/0000
- Data as of
- 12/2022
- 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 12/2022, Mercy Credit Union employed 33 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 12/2022, Mercy Credit Union generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 8 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
2022
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 14,151 MEMBERS BY PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.
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 |
|---|---|---|---|
Tammy Rowden Manager | Officer | 40 | $106,248 |
Vanessa Harper Chairman | OfficerTrustee | 1 | $0 |
Dane Douglas Vice Chairma | OfficerTrustee | 1 | $0 |
Chris Boss Secretary | OfficerTrustee | 1 | $0 |
Michelle Palubiak Treasurer | OfficerTrustee | 1 | $0 |
Jodie Fugate Director | 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 | $3,309,587 |
| Investment income | $309,472 |
| 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 | $3,619,059 |
| 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. | $126,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $753,482 |
| Pension plan accruals and contributions | $83,573 |
| Other employee benefits | $125,345 |
| Payroll taxes | $67,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,301 |
| Fees for services: Accounting | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $521,373 |
| Advertising and promotion | $1,422 |
| Office expenses | $147,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,567 |
| Travel | $31,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $237,067 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,352 |
| Insurance | $47,133 |
| All other expenses | $111,637 |
| Total functional expenses | $2,958,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,727,242 |
| Savings and temporary cash investments | $10,464,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $61,410,099 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,254 |
| Net Land, buildings, and equipment | $225,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,495,276 |
| Investments—program-related | $805,069 |
| Intangible assets | $0 |
| Other assets | $106,968 |
| Total assets | $86,452,306 |
| Accounts payable and accrued expenses | $954,189 |
| 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 | $78,550,309 |
| Total liabilities | $79,504,498 |
| 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 | $6,947,808 |
| Total liabilities and net assets/fund balances | $86,452,306 |