Ecm Federal Credit Union
- Assets
- $20.4m
- Revenue
- $632.3k
- Investments
- $1.7m
- Employees
- 2
- Location
- Ridgeland, MS
- Founding
- 10/2017
- Data as of
- 12/2015
- EIN
- 64-0477204
Organization Overview
Ecm Federal Credit Union is located in Ridgeland, MS. The organization was established in 2017. 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 12/2015, Ecm Federal Credit Union employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ecm Federal Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
NOT APPLICABLE
NOT APPLICABLE
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Rainer Manager | Officer | 40 | $87,490 |
Norma Kilgore Vice President | OfficerTrustee | 1 | $0 |
Michael D Callahan Treasurer | OfficerTrustee | 2 | $0 |
Randy Wallace President | OfficerTrustee | 1 | $0 |
Keith Hayward Director | Trustee | 1 | $0 |
Kevin Doddridge 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 | $456,118 |
| Investment income | $138,424 |
| 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 | $632,250 |
| 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 | $5,133 |
| Compensation of current officers, directors, key employees. | $87,490 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,822 |
| Pension plan accruals and contributions | $43,765 |
| Other employee benefits | $17,015 |
| Payroll taxes | $10,789 |
| Fees for services: Management | $56,908 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $5,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,039 |
| Fees for services: Other | $833 |
| Advertising and promotion | $500 |
| Office expenses | $13,185 |
| Information technology | $10,326 |
| Royalties | $0 |
| Occupancy | $28,539 |
| Travel | $7 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $128,542 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,442 |
| All other expenses | $50 |
| Total functional expenses | $501,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,319 |
| Savings and temporary cash investments | $11,049,191 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,426,839 |
| Loans from Officers, Directors, or Controlling Persons | $1,095 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,203 |
| Net Land, buildings, and equipment | $5 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,724,683 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,354 |
| Total assets | $20,445,689 |
| Accounts payable and accrued expenses | $108,948 |
| 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 | $17,838,345 |
| Total liabilities | $17,947,293 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $243,316 |
| Total net assets or fund balances | $2,498,396 |
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