Maryville Municipal Credit Union
- Assets
- $20.6m
- Revenue
- $524.3k
- Investments
- $85.4k
- Employees
- 3
- Location
- Maryville, TN
- Founding
- 06/1952
- Data as of
- 12/2022
- EIN
- 62-0883199
Organization Overview
Maryville Municipal Credit Union is located in Maryville, TN. The organization was established in 1952. 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, Maryville Municipal Credit Union employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Maryville Municipal 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, Maryville Municipal Credit Union generated $524.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $450.8k during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.
THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Boyle CEO | Officer | 40 | $98,170 |
Paul Gilley Board Chairm | Trustee | 1 | $0 |
Terry Mccoy Board Secret | Trustee | 1 | $0 |
Tom Stinnett Treasurer | Trustee | 1 | $0 |
Jack Loveday Board Member | Trustee | 1 | $0 |
Jimmy Walker Board Vice C | 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 | $349,341 |
| Investment income | $174,914 |
| 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 | $524,256 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,754 |
| Pension plan accruals and contributions | $13,043 |
| Other employee benefits | $18,015 |
| Payroll taxes | -$2,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $52,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,960 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,016 |
| Interest | $77,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,124 |
| Total functional expenses | $450,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,723,952 |
| Savings and temporary cash investments | $12,738,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,774,542 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,866 |
| Net Land, buildings, and equipment | $16,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $85,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,950 |
| Total assets | $20,592,734 |
| Accounts payable and accrued expenses | $59,812 |
| 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 | $17,787,150 |
| Total liabilities | $17,846,962 |
| 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 | $2,745,772 |
| Total liabilities and net assets/fund balances | $20,592,734 |