Missouri Electric Cooperative Employees' Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 431044975 ✦ Jefferson city, MO ✦ Designated as a 501(c)(14)

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Overview

What is Missouri Electric Cooperative Employees' Credit Union?

Missouri Electric Cooperative Employees' Credit Union is a nonprofit organization located in Jefferson City, Missouri. With a dedicated staff, they offer personalized financial services to over 12,455 members. Their mission is centered around providing successful financial solutions, ensuring a commitment to their members' financial well-being. Based out of a PO Box, the credit union provides a range of financially related services to its members, demonstrating their dedication to serving the community.


Official website here: www.mececu.com

What do the Facebook reviews say about Missouri Electric Cooperative Employees' Credit Union?

98% of 29 reviewers on Facebook recommend Missouri Electric Cooperative Employees' Credit Union. Here is a summary of their reviews:

Many users express a strong sense of satisfaction with the credit union, highlighting the positive experiences they've had. Several comments indicate that both current members and their families appreciate the services offered, creating a sense of community around the institution.

Overall, the cooperative seems to effectively meet the needs of its members, leaving them feeling valued and supported. The high recommendation rate suggests that it delivers on its promises, making it a reliable choice for financial services.


This AI summary has been generated from reviews found on Facebook.

Is Missouri Electric Cooperative Employees' Credit Union legitimate?

Missouri Electric Cooperative Employees' Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Missouri Electric Cooperative Employees' 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $323,426
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,144,293

For more financial information, click here


Official website here: www.mececu.com

What is the mission statement of Missouri Electric Cooperative Employees' Credit Union?

Missouri Electric Cooperative Employees' Credit Union's mission, as stated, is focused on providing personalized financial services to its members. Their dedicated staff aims to achieve successful results in this field. The credit union offers a range of financial and financially related services to its 12,455 members. Their approach is personalized, ensuring each member receives the attention and assistance they need to manage their finances effectively. The mission of Missouri Electric Cooperative Employees' Credit Union is to provide its members with tailored financial solutions, backed by a dedicated team striving for successful outcomes.


Official website here: www.mececu.com

Who is the CEO of Missouri Electric Cooperative Employees' Credit Union?

Randy Marks is the Chairperson of Missouri Electric Cooperative Employees' Credit Union.


Official website here: www.mececu.com

What is the revenue of Missouri Electric Cooperative Employees' Credit Union?

Missouri Electric Cooperative Employees' Credit Union's revenue in 2022 was $10,181,059.


Official website here: www.mececu.com

Who are the executives of Missouri Electric Cooperative Employees' Credit Union and what are their salaries?

The average compensation at Missouri Electric Cooperative Employees' Credit Union during 2022 was $73,386. There are 20 employees and 12 volunteers at Missouri Electric Cooperative Employees' Credit Union.


Here are 14 key members and their salaries:


Matt Sharp (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Brown (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Eaves (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Robison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Shafer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Huck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Mckay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Friend (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Marks (President/Manager)
  • Compensation: $245,383
  • Related: $0
  • Other: $78,043
Gary Bruemmer (Accountant)
  • Compensation: $145,503
  • Related: $0
  • Other: $58,802
Amy Wright (Loan Officer)
  • Compensation: $105,002
  • Related: $0
  • Other: $19,755
Jay Ernst (Senior Loan Officer)
  • Compensation: $124,728
  • Related: $0
  • Other: $54,611
Deven Mcdonald (Office Manager)
  • Compensation: $101,145
  • Related: $0
  • Other: $42,670


Official website here: www.mececu.com

Where can I find the form 990 for Missouri Electric Cooperative Employees' Credit Union?

Missouri Electric Cooperative Employees' Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mececu.com

Learn more at the official website: www.mececu.com

Mission Statement of Missouri Electric Cooperative Employees' Credit Union

Missouri Electric Cooperative Employees' Credit Union is dedicated to providing personalized financial services to its members with a track record of success. The credit union's mission is centered around offering a wide range of financial and financially related services to its 12,455 members. The team at Missouri Electric Cooperative Employees' Credit Union is committed to delivering these services with dedication and professionalism, aiming to meet the unique financial needs of each member. By doing so, the credit union aims to contribute positively to the financial well-being of its members.

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Impact




October, 2024

Missouri Electric Cooperative Employees' Credit Union plays a significant role in its community by providing personalized financial services that cater to the unique needs of its members. With a dedicated staff committed to achieving successful results, the credit union serves 12,455 members in Jefferson City, MO. This localized approach ensures that members receive tailored financial solutions, whether it's for savings, loans, or other financial needs. The focus on community engagement and support fosters financial literacy and empowerment among its members, enhancing their overall financial well-being. As a vital resource, the credit union contributes positively to the financial stability and quality of life of its members, showcasing its impact on the broader community.




This information is meant to be a general summary of Missouri Electric Cooperative Employees' Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$10,181,059 (2022)
Expenses
$6,789,754 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,978,057
  • Program Service Revenue: $8,185,421
  • Gross Receipts: $10,760,303

Assets and Liabilities:

  • Total Assets: $302,522,493
  • Total Liabilities: $282,790,547
  • Net Assets: $19,731,946

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$6,846,588

FEES & OTHER INCOME

Revenue

$1,331,933

WARRANTY SALES

Revenue

$6,900

Organization Details

Founding Year

1975

Principal Officer

Randy Marks

Main Address

PO BOX 1586, JEFFERSON CITY, MO, 651021586

NTEE Category

Code: W60 - Public benefit

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