2024-11-14T14:27:56-08:00 2023-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2023-01-01 941366983 MERCO Credit Union MERC 2097234285 1911 M Street Merced CA 95340 David W Ness CEO, President 2024-11-14 true true Richards Associates CPAs P01070543 7142876713 2023 2024-10-15 13:58:12Z David W Ness 1911 M Street Merced CA 95340 9975258 false X http://www.merco.org/ X 1966 CA Non-profit, State-chartered, Natural Person Credit Union. Provide competitive financial services to the members of Merco Credit Union. 11 11 39 12 21874 0 4783845 6828431 696611 844906 2397490 2301921 7877946 9975258 0 202989 503971 2897531 3333379 0 0 3806445 5338202 6906965 9175552 970981 799706 174840743 185546712 158664075 168867045 16176668 16679667 Non-profit, State-chartered, Natural Person Credit Union. Provide competitive financial services to the members of Merco Credit Union. false false Provided deposit and loan accounts to 14,250 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 1827 0 true 39 true true true false false false false false false false false false false X 11 11 false false false false true true true true true false true true true true true false true true true true false X X David W Ness 2093544280 1911 M Street Merced CA 95340 David W Ness President & CEO 40.00 0.00 X 182527 0 26577 David Bren Horrocks VP Finance/CFO 40.00 0.00 X 114748 0 13244 Donna Maher VP HR &Training 40.00 0.00 X 99436 0 12158 Jennifer Toste VP Branch Op 40.00 0.00 X 96625 0 11726 Shay Lopez VP Chief Lendin 40.00 0.00 X 96016 0 11531 Jim Murphy Board Member 2.00 0.00 X 0 0 0 Ron Kinchloe Board Member 2.00 0.00 X 0 0 0 M Stephen Jones Board Member 2.00 0.00 X 0 0 0 John Pedrozo Board Member 2.00 0.00 X 0 0 0 Barbara Jamison Board Member 2.00 0.00 X 0 0 0 Olivia Webster Board Member 2.00 0.00 X 0 0 0 Joe Sapien Board Member 2.00 0.00 X 0 0 0 Hubert Walsh Board Member 2.00 0.00 X 0 0 0 Michael Rhodes Board Member 2.00 0.00 X 0 0 0 John Price Board Member 2.00 0.00 X 0 0 0 Kent Christensen Board Member 2.00 0.00 X 0 0 0 589352 75236 2 false true false 0 0 Interest on Loans 6828431 6828431 6828431 844906 844906 0 0 0 0 0 0 0 Fee Income 1477862 1455988 21874 Other Non-Interest Income 433000 433000 Other Operating Income 391059 391059 2301921 9975258 9953384 21874 X 0 0 0 503971 1329172 0 2004207 0 0 0 0 0 0 0 0 0 1558568 279382 542079 0 0 350113 59733 0 0 0 0 0 0 Provision for Loan Losses 1746978 Loan servicing 633374 Misc Non-Interest Expense 144051 Operating Fees 23924 0 9175552 0 0 0 2291909 4656766 2443590 19571363 0 0 1491785 0 101536540 118791619 0 0 5064021 2147110 2211979 2916911 0 0 63855427 35150694 0 2501298 2967574 174840743 185546712 1306657 2202926 3500000 3500000 153857418 163164119 158664075 168867045 X 16176668 16679667 16176668 16679667 174840743 185546712 799706 -296707 X false true X true false 659506 659506 2915566 1119610 1795956 140715 140715 1348234 886785 461449 2916911 35150694 IRA/KEOGH Accounts 8414780 Money Market Shares 10534738 Non-Member Deposits 6537567 Regular Shares 78273963 Share Certificates 23915373 Share Drafts 35487698 163164119 X false false false David W Ness President & CEO 166810 9427 6290 26577 209104 Donna Maher VP HR New Vehicle X 31112 4936 false true true Donna Maher VP HR Credit card X 3000 83 false true true David Ness Pres & CEO Credit Card X 10000 5836 false true true Jennifer Toste VP BR OPS CREDIT CARD X 10000 4521 false true true Shay Lopez VP Chief Le Used vehicl X 26549 7525 false true true Jennifer Toste VP BR OPS CUDL Auto X 60802 22729 false true true Jennifer Toste VP BR OPS CUDL Auto X 19359 7980 false true true Donna Maher VP HR CREDIT CARD X 3000 172 false true true Shay Lopez VP Lending CUDL AUTO X 20353 17545 false true true Shay Lopez VP Lending CUDL AUTO X 51533 45036 false true true DAVID W NESS President/C CUDL AUTO X 59450 45426 false true true DAVID W NESS President/C CREDIT CARD X 10000 756 false false false JENNIFER TOSTE VP Branch O CUDL AUTO X 66545 36077 false true true DAVID BREN HORROCKS VP Finance/ AUTO X 26283 21658 false true true DAVID BREN HORROCKS VP Finance/ CREDIT CARD X 6000 548 false false false DAVID W NESS President/C TRUHOME X 312800 265788 false true true JENNIFER TOSTE VP Branch O REAL ESTATE X 484000 388820 false true true JENNIFER TOSTE VP Branch O REAL ESTATE X 329000 308175 false false false 1183611 Form 990, Part VI, Section A, Line 7a ALL MEMBERS ELIGIBLE TO VOTE AT ANNUAL MEETING FOR ELECTION OF BOARD. Form 990, Part VI, Section A, Line 7b THE ELECTION OF BOARD PRINCIPALLY INVOLVE THE APPROVAL BY MEMBERS. OTHER ACTIONS MAY ALSO REQUIRE MEMBERSHIP APPROVAL. Form 990, Part VI, Section B, Line 11b THE RETURN PREPARER E-MAILS A DRAFT OF THE FORM 990 TO A DESIGNATED OFFICER AND/OR CEO OF THE CREDIT UNION FOR REVIEW. THE DESIGNATED OFFICER AND/OR CEO SENDS A COPY TO THE BOARD OF DIRECTOR (S). THE DESIGNATED INDIVIDUAL(S) REVIEW THE DRAFT AND PRESENT ANY QUESTIONS, COMMENTS, OR CORRECTIONS TO THE RETURN PREPARER. UPON SATISFACTORY COMPLETION OF THE FORM 990, THE ORGANIZATION'S AUTHORIZED INDIVIDUAL SIGNS THE APPROPRIATE SIGNATURE FORM(S) TO AUTHORIZE THE ELECTRONIC FILING OF THE RETURN. A COPY OF THE FORM 990, AS FILED, IS PROVIDED BY THE RETURN PREPARER TO THEORGANIZATION'S CEO OR OTHER DESIGNATED INDIVIDUAL(S). Form 990, Part VI, Section B, Line 15a THE CEO SALARY IS REVIEWED BY THE BOARD USING SALARY SURVEY INFORMATION. OTHER OFFICERS ARE REVIEWED BY THE CEO UTILIZING SALARY SURVEY INFORMATION. BOARD MEMBERS ARE UNPAID. Form 990, Part VI, Section B, Line 15b OTHER OFFICERS ARE REVIEWED BY THE CEO UTILIZING SALARY SURVEY INFORMATION. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.