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Nonprofiteer
← MARYVILLE MUNICIPAL CREDIT UNION

Form 990 for tax year 2024

Filed by MARYVILLE MUNICIPAL CREDIT UNION.

Totals

Total revenue
$983,615
Total expenses
$624,985
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$282,155
Investment income
$701,460
Other revenue
$0
Total assets, end of year
$22,206,091
Total liabilities, end of year
$18,801,334
Net assets or fund balances, end of year
$3,404,757
Program services expenses (Part IX)
$0
Management and general expenses
$624,985
Fundraising expenses
$0
Program service expenses (Part III)
$624,985

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTERST ON LOANS

    total $255,291 · related or exempt $255,291

  • 2b · Program service revenue: FEE INCOME

    total $26,864 · related or exempt $26,864

  • 3 · Investment income

    total $701,460 · related or exempt $701,460

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $177,432 · management and general $177,432

  • 8 · Pension plan contributions

    total $16,915 · management and general $16,915

  • 9 · Other employee benefits

    total $28,784 · management and general $28,784

  • 10 · Payroll taxes

    total $14,905 · management and general $14,905

  • 13 · Office expenses

    total $60,469 · management and general $60,469

  • 16 · Occupancy

    total $20,281 · management and general $20,281

  • 19 · Conferences, conventions and meetings

    total $989 · management and general $989

  • 20 · Interest

    total $188,882 · management and general $188,882

  • 24a · Other expenses: PROF & OUTSIDE SERVICES

    total $90,823 · management and general $90,823

  • 24b · Other expenses: LOAN SERVICING EXP

    total $12,623 · management and general $12,623

  • 24c · Other expenses: MISC OPERATING EXP

    total $6,519 · management and general $6,519

  • 24d · Other expenses: EXAMINATION FEES

    total $5,000 · management and general $5,000

  • 24e · All other expenses

    total $1,363 · management and general $1,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,586,660 · end of year $3,941,186

  • 2 · Savings and temporary cash investments

    beginning of year $12,989,000 · end of year $14,164,000

  • 4 · Accounts receivable

    beginning of year $3,620,099 · end of year $3,699,039

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,971 · end of year $83,605

  • 10a · Land, buildings and equipment: cost or other basis

    $228,487

  • 10b · Land, buildings and equipment: accumulated depreciation

    $221,578

  • 10c · Land, buildings and equipment, net

    beginning of year $11,564 · end of year $6,909

  • 12 · Investments: other securities

    beginning of year $85,444 · end of year $85,444

  • 15 · Other assets

    beginning of year $226,534 · end of year $225,908

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,280 · end of year $234,779

  • 25 · Other liabilities

    beginning of year $18,435,866 · end of year $18,566,555

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,046,126 · end of year $3,404,757

Mission and programs · 2024

Mission

CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 923 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Activities or mission (Part I)

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $436,103

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $188,882

As filed on the 2024 return.

Listed in Part VII

  • Tom Boyle

    CEO

    Total calculated
    $144,152
    From this org
    $112,773
    From related orgs
    $0
    Other
    $31,379
    Hours/week
    40

  • Paul Gilley

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Walker

    BOARD VICE C

    Total calculated
    $0
    Hours/week
    1

  • Tom Stinnett

    BOARD TREASU

    Total calculated
    $0
    Hours/week
    1

  • Terry McCoy

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    1

  • James Woods

    BOD MEMBERSH

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202531339349304008

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