Overview
What is Missouri Credit Union?
Missouri Credit Union, also known as MCU, is a Columbia, Missouri-based credit union that operates for the mutual benefit of its members. With a membership of over 36,000 individuals, the credit union's primary mission is to provide affordable credit to its members. MCU offers both secured and unsecured loans, as well as real estate loans, to eligible members. At the end of 2022, the credit union had 20,785 loans outstanding, which included mortgages that were sold with servicing retained. In addition to its own loans, MCU held a participation interest in an additional 88,175 loans. The credit union's core values include fostering sound financial management, encouraging the principles of cooperative pooling, maintaining member confidence through prudent financial management, and attracting and developing high-quality human resources. MCU serves its members with a team of 137 dedicated employees.
Official website here: www.missouricu.org
Is Missouri Credit Union legitimate?
Missouri Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Missouri Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $880,498
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,695,494
For more financial information, click here
Official website here: www.missouricu.org
What is the mission statement of Missouri Credit Union?
Missouri Credit Union (MCU) operates with a mutual purpose, extending opportunities for financial services and benefits to its membership. MCU encourages sound financial management through savings, the judicious use of credit, and consumer education. The credit union fosters cooperative pooling and utilization of resources for the ultimate benefit of its members. It maintains and enhances the democratic process at all levels and strives to attract and develop the best human resources to serve its members. Missouri Credit Union aims to maintain member confidence through prudent financial management and quality service.
Official website here: www.missouricu.org
Who is the CEO of Missouri Credit Union?
What is the revenue of Missouri Credit Union?
Who are the executives of Missouri Credit Union and what are their salaries?
The average compensation at Missouri Credit Union during 2022 was $40,701. There are 137 employees and 14 volunteers at Missouri Credit Union.
Here are 16 key members and their salaries:
- Harold James (President)
- Robert Perkins (Cfo)
- Deann Barton (Coo)
- Chengfan Xu (Sr Vice President)
- Kristy Bryant (Vice President)
- Margie Bramon (Vice President)
- Bethany Abeln (Director)
- Andy Bonderer (Director)
- Don Greer (Director)
- Randy Morrow (Director)
- Stephen Price (Director)
- Anne Robinson (Director)
- Kee Groshong (Chair) [Trustee/Director]
- Mark Kaiser (Vice Chair) [Trustee/Director]
- Richard Otto (Secretary) [Trustee/Director]
- Howard Pyron (Treasurer) [Trustee/Director]
Official website here: www.missouricu.org
Where can I find the form 990 for Missouri Credit Union?
The Missouri Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.missouricu.org
Learn more at the official website: www.missouricu.org
Mission Statement of Missouri Credit Union
Missouri Credit Union, or MCU, is a member-driven organization with a mission to extend valuable financial services and benefits to its membership. MCU encourages its members to adopt sound financial management practices through savings, the responsible use of credit, and education. The cooperative principles of pooling and utilizing resources collectively for the ultimate benefit of the members are fostered and practiced at MCU. The democratic process is maintained and enhanced through active participation at all levels.
MCU places great importance on attracting and developing the best human resources to serve its member-owners. The organization aims to maintain member confidence through prudent financial management and high-quality service. MCU's primary goals include striving for member participation, encouraging financial education, and maintaining a strong democratic process within the organization. By focusing on these areas, MCU aspires to create a thriving financial community where its members can achieve their financial goals and build a secure financial future.
Impact
This information is meant to be a general summary of Missouri Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Missouri Credit Union, operated for mutual purposes, plays a significant role in the financial well-being of its members. With a focus on providing credit at competitive rates, MCU serves its 36,364 members by offering secured, unsecured, and real estate loans. As of December 31, 2022, the credit union had 20,785 outstanding loans, including mortgages, demonstrating its commitment to meeting the financial needs of its members.
Through its mission, Missouri Credit Union aims to extend services and benefits to its field of membership, promote sound financial management practices, and uphold cooperative principles for the benefit of its member-owners. By fostering democratic participation, attracting top human resources, and maintaining member confidence through quality service, MCU makes a tangible impact in enhancing the financial stability and empowerment of its community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON MEMBER LOANS
Revenue
$11,879,151
FEES AND CHARGES
Revenue
$2,907,509
MISCELLANEOUS OPERATING REVENUE
Revenue
$2,778,518
NON-INTEREST REVENUE
Revenue
$384,681
LOAN LOSS RECOVERY
Revenue
$92,482
Organization Details
Founding Year
1969
Phone
(573) 874-1477
Principal Officer
Harold James
Main Address
111 E BROADWAY, COLUMBIA, MO, 65203
Website
www.missouricu.org
NTEE Category
Code: W60 - Public benefit
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