Totals
- Total revenue
- $428,288
- Total expenses
- $425,086
- Contributions and grants received
- $81,964
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $92,190
- Other revenue
- $254,134
- Total assets, end of year
- $7,112,566
- Total liabilities, end of year
- $6,126,750
- Net assets or fund balances, end of year
- $985,816
- Program services expenses (Part IX)
- $425,086
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $425,086
Program services were 100.0% 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.
-
1b · Membership dues
$81,964
-
3 · Investment income
total $92,190 · related or exempt $92,190
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: INTEREST ON LOANS
total $254,134 · related or exempt $254,134
-
11e · Other revenue, total
$254,134
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $274,134 · program services $274,134
-
9 · Other employee benefits
total $11,085 · program services $11,085
-
10 · Payroll taxes
total $14,944 · program services $14,944
-
11c · Fees: accounting
total $8,700 · program services $8,700
-
11g · Fees: other
total $688 · program services $688
-
13 · Office expenses
total $29,491 · program services $29,491
-
14 · Information technology
total $55,594 · program services $55,594
-
16 · Occupancy
total $16,712 · program services $16,712
-
17 · Travel
total $2,100 · program services $2,100
-
19 · Conferences, conventions and meetings
total $2,311 · program services $2,311
-
20 · Interest
total $85 · program services $85
-
24a · Other expenses: LOAN SERVICING EXPENSES
total $6,189 · program services $6,189
-
24b · Other expenses: MISC EXPENSES
total $334 · program services $334
-
24c · Other expenses: MISC INO INTEREST EXPENSE
total $2,719 · program services $2,719
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $245,506 · end of year $363,367
-
7 · Other notes and loans receivable
beginning of year $4,060,334 · end of year $3,650,102
-
10a · Land, buildings and equipment: cost or other basis
$527,349
-
10b · Land, buildings and equipment: accumulated depreciation
$148,128
-
10c · Land, buildings and equipment, net
beginning of year $382,344 · end of year $379,221
-
11 · Investments: publicly traded securities
beginning of year $2,207,611 · end of year $2,599,692
-
14 · Intangible assets
beginning of year $120,665 · end of year $120,184
-
17 · Accounts payable and accrued expenses
beginning of year $17,715 · end of year $41,090
-
24 · Unsecured notes and loans payable
beginning of year $6,016,131 · end of year $6,085,660
-
29 · Capital stock, trust principal or current funds
beginning of year $413,825 · end of year $982,614
-
31 · Retained earnings, endowment or other funds
beginning of year $568,789 · end of year $3,202
Mission and programs · 2025
Mission
PROVIDE SERVICES FOR APPROXIMATELY 2500 MEMBERS IN FORM OF LOANS, TERM CERTIFICATES, SHARE DRAFT ACCOUNTS AND SAVINGS ACCOUNTS
-
MEMORIAL CU CONFIRMS TO TRADITIONAL CU PHILOSOPHY BY ASSISTING MEMBERS IN MAKING WISE FINANCIAL DECISIONS AND STABLE SAVINGS DECISIONS
Expenses $425,086
As filed on the 2025 return.
Listed in Part VII
-
Derrick RumphDERRICK RUMPH
CEO
- Total calculated
- $77,800
- From this org
- $77,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Buffy DavisBUFFY DAVIS
ASSISTANT MANAGER
- Total calculated
- $54,784
- From this org
- $54,784
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Gregory BootsGREGORY BOOTS
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
David DiercksDAVID DIERCKS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Terry TaggartTERRY TAGGART
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Shaun PopeSHAUN POPE
BOARD MEMBER AND SUPERVISORY CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Karen SloanKAREN SLOAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn DavisKATHRYN DAVIS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin YoungBENJAMIN YOUNG
BOARD MEMBER
- 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
- 2025
- Filed
- 25 March 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601119349300910
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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