Marion And Polk Schools Credit Union

Organization Overview

Marion And Polk Schools Credit Union, operating under the name Maps Credit Union, is located in Salem, OR. 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. As of 12/2021, Maps Credit Union employed 355 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Maps 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, Maps Credit Union generated $55.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $42.9m during the year ending 12/2021. While expenses have increased by 9.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREATE AND MAINTAIN LONG-TERM, MUTUALLY BENEFICIAL RELATIONSHIPS WITH OUR MEMBERS AND OUR EMPLOYEES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COOPERATIVE BASED FINANCIAL INSTITUTION, PROMOTES THRIFT AND AFFORDABLE FINANCIAL SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cd Redding Construction Inc
Building Construction General Contractor
$5,443,314
Pscu
Card Processor
$4,845,763
Healthcare Management Administrators
Healthcare Insurance Admin.
$2,037,614
Mastercard Incorporated
Card Services
$1,712,065
Fiserv
Software Provider
$1,299,052
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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$52,142,273
Investment income $1,751,959
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $209,115
Net Gain/Loss on Asset Sales $147,526
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $55,245,201

Grants Awarded

Over the last fiscal year, Marion And Polk Schools Credit Union has awarded $1,092,566 in support to 2 organizations.

Grant RecipientAmount

MAPS COMMUNITY FOUNDATION

Org PageRecipient Profile

Salem, OR

PURPOSE: The Credit Union contributed cash to the Maps Community Foundation for college scholarships, teacher grants, and other community causes.

$980,000

MAPS COMMUNITY FOUNDATION

Org PageRecipient Profile

Salem, OR

PURPOSE: Each time Credit Union members use the Free Community Checking debit card, Maps donates a penny to the Maps Community Foundation for college scholarships, teacher grants, and other community causes.

$112,566
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Marion And Polk Schools Credit Union has recieved totaling $5,325.

Awarding OrganizationAmount
Northwest Credit Union Foundation

Seatac, WA

PURPOSE: CREDIT UNION DEVE/EDCUATION

$5,325
View Grant Recipient Profile

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