Mercy Credit Union

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

EIN: 436203095 ✦ Springfield, MO ✦ Designated as a 501(c)(14)

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Overview

What is Mercy Credit Union?

Mercy Credit Union is a volunteer, cooperative, and nonprofit savings institution, located at 1444 E Sunshine, Springfield, Missouri 65804. With a membership of 14,151 individuals, the credit union's primary mission is to promote savings among its members by providing credit at reasonable rates and contributing to their economic growth. The organization operates with the objective of providing high-quality financial services to its members, who share a common bond, and exists solely for their financial benefit. The credit union boasts a workforce of 33 employees.


Official website here: www.mymercycu.com

Is Mercy Credit Union legitimate?

Mercy Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mercy 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: $126,340
Professional Fundraising Fees: $0
Other Salaries and Wages: $753,482

For more financial information, click here


Official website here: www.mymercycu.com

What is the mission statement of Mercy Credit Union?

Mercy Credit Union, established with a shared common bond among its 14,151 members, exists primarily to offer high-quality financial services. Its mission is centered around benefiting these members financially. The credit union encourages savings among its members by providing credit at fair and reasonable interest rates. Its primary objective is to enhance the economic condition of its members by offering such financial services. Mercy Credit Union operates as a voluntary, cooperative, and nonprofit savings institution, fostering a culture of thrift among its members.


Official website here: www.mymercycu.com

Who is the CEO of Mercy Credit Union?

Tammy Rowden is the Manager of Mercy Credit Union.


Official website here: www.mymercycu.com

What is the revenue of Mercy Credit Union?

Mercy Credit Union's revenue in 2022 was $3,619,059.


Official website here: www.mymercycu.com

Who are the executives of Mercy Credit Union and what are their salaries?

The average compensation at Mercy Credit Union during 2022 was $26,661. There are 33 employees and 9 volunteers at Mercy Credit Union.


Here are 8 key members and their salaries:


Tammy Rowden (Manager)
  • Compensation: $106,248
  • Related: $0
  • Other: $20,092
Vanessa Harper (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dane Douglas (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Boss (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Palubiak (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodie Fugate (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Snider Resigned (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mymercycu.com

Where can I find the form 990 for Mercy Credit Union?

Mercy Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mymercycu.com

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

Mission Statement of Mercy Credit Union

Mercy Credit Union, established with a shared bond among its members, is dedicated to providing high-quality financial services. Its mission is rooted in the financial benefit of its members, serving as a cooperative and nonprofit savings institution. This financial institution encourages thrift among its 14,151 members by offering credit at fair and reasonable interest rates. By doing so, Mercy Credit Union aims to provide an opportunity for its members to improve their economic condition. In essence, Mercy Credit Union exists to enhance the financial well-being of its members, fostering a sense of community and mutual support.

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Impact




October, 2024

Mercy Credit Union plays a pivotal role in enhancing the financial well-being of its 14,151 members in Springfield, Missouri. By offering quality financial services, it fosters a sense of community and cooperation among its members. This institution encourages thrift and responsible financial practices by providing access to credit at fair and reasonable interest rates.

Through its member-focused approach, Mercy Credit Union empowers individuals to improve their economic conditions, creating a positive ripple effect in the local community. By prioritizing the financial benefits of its members, the credit union enhances overall financial literacy and stability, promoting a stronger, more resilient economic environment.




This information is meant to be a general summary of Mercy 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
$3,619,059 (2022)
Expenses
$2,958,765 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $309,472
  • Program Service Revenue: $3,309,587
  • Gross Receipts: $3,619,059

Assets and Liabilities:

  • Total Assets: $86,452,306
  • Total Liabilities: $79,504,498
  • Net Assets: $6,947,808

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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

$2,181,280

FEES, CHARGES AND OTHER

Revenue

$580,379

CREDIT CARD INCOME

Revenue

$486,812

INSURANCE COMMISSIONS

Revenue

$43,218

NON-MEMBER ATM FEES

Revenue

$17,898

Organization Details

Founding Year

1976

Principal Officer

Tammy Rowden

Main Address

1444 E SUNSHINE, SPRINGFIELD, MO, 65804

NTEE Category

Code: W60 - Public benefit

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