Metro Medical Credit Union

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

EIN: 751249646 ✦ Dallas, TX ✦ Designated as a 501(c)(14)

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Overview

What is Metro Medical Credit Union?

Metro Medical Credit Union is a financial cooperative established to serve individuals of modest means, located at 8200 BROOKRIVER DRIVE N 110, Dallas, TX 75247. As of December 31, 2022, the credit union had 6,498 members and 10,259 member share accounts. The credit union's share accounts offer various advantages to its members, including quarterly dividends, access through branch networks, online banking, and ATMs. Additionally, the credit union encourages consistent savings habits through its Christmas Club Savings Accounts, which help members manage end-of-year expenses. The cooperative provides credit union financial services, serving as a vital resource for its members.


Official website here: www.mmcu.com

Is Metro Medical Credit Union legitimate?

Metro Medical Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Metro Medical 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: $320,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,378

For more financial information, click here


Official website here: www.mmcu.com

What is the mission statement of Metro Medical Credit Union?

Metro Medical Credit Union serves as a cooperative financial institution, catering to individuals of modest means. Its primary mission is to provide credit union financial services, acting as a cooperative provider. The credit union offers various financial advantages to its members through share accounts, which pay dividends quarterly and provide access through a branch network, online banking, and ATMs. Additionally, Metro Medical Credit Union encourages the development of consistent savings habits with its Christmas Club Savings Accounts, designed to help members manage end-of-year expenses.


Official website here: www.mmcu.com

Who is the CEO of Metro Medical Credit Union?

Michael Craig White is the Bod - Chairperson of Metro Medical Credit Union. The CEO's salary of Metro Medical Credit Union is $176,656 and their total compensation is $201,265.


Official website here: www.mmcu.com

What is the revenue of Metro Medical Credit Union?

Metro Medical Credit Union's revenue in 2022 was $2,788,451.


Official website here: www.mmcu.com

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

The average compensation at Metro Medical Credit Union during 2022 was $57,565. There are 14 employees and 9 volunteers at Metro Medical Credit Union.


Here are 11 key members and their salaries (Metro Medical Credit Union's CEO's salary is $176,656 and their total compensation is $201,265):


Joe G Mayer (Bod - Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Knowles (Bod - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda K Arrington (Bod - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber S Nicholson (Bod - Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Hernandez (Bod - Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristi Tillery (Bod - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Mcdaniel (Bod - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Denney (Bod - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Mann (Bod - Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Craig White (President/Ceo)
  • Compensation: $176,656
  • Related: $0
  • Other: $24,609
Sherman Roberson (Vice President)
  • Compensation: $99,910
  • Related: $0
  • Other: $19,357


Official website here: www.mmcu.com

Where can I find the form 990 for Metro Medical Credit Union?

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


Official website here: www.mmcu.com

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

Mission Statement of Metro Medical Credit Union

Metro Medical Credit Union, as a financial cooperative, is dedicated to providing financial services for individuals of modest means. The cooperative's primary mission is to serve as a provider of credit union financial services. By offering share accounts, Metro Medical Credit Union allows its members, regardless of age, to enjoy various advantages. These share accounts come with quarterly dividends and offer access through a branch network, online banking, and ATMs. The credit union also encourages the development of consistent saving habits with its Christmas Club Savings Accounts, helping members prepare for end-of-year expenses.

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Impact




October, 2024

Metro Medical Credit Union significantly impacts the financial well-being of individuals of modest means by offering a range of financial services designed to meet their needs. With a membership base of 6,498 and over 10,000 member share accounts as of December 31, 2022, the credit union provides accessible financial tools that empower members to save and grow their assets.

The share accounts offered by Metro Medical Credit Union are particularly beneficial, as they pay dividends quarterly, providing members with a tangible return on their savings. Additionally, the credit union fosters good savings habits through initiatives like the Christmas Club savings accounts, supporting members in planning for end-of-year expenses.

Metro Medical Credit Union enhances financial accessibility with multiple channels for engagement, including branch locations, home banking via the internet, telephone services, and ATMs. This comprehensive approach ensures that members have the support and resources they need to manage their finances effectively, ultimately contributing to their financial stability and growth within the community of Dallas, TX.




This information is meant to be a general summary of Metro Medical 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
$2,788,451 (2022)
Expenses
$2,287,256 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $852,505
  • Program Service Revenue: $1,935,946
  • Gross Receipts: $2,788,451

Assets and Liabilities:

  • Total Assets: $93,946,101
  • Total Liabilities: $82,087,997
  • Net Assets: $11,858,104

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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

$976,040

FEES AND CHARGES

Revenue

$918,261

FINANCE AND INSURANCE

Revenue

$41,645

Organization Details

Founding Year

1965

Principal Officer

Michael Craig White

Main Address

8200 BROOKRIVER DRIVE N 110, DALLAS, TX, 75247

NTEE Category

Code: W60 - Public benefit

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