Nonprofit · EIN 35-0873966
MEMBERSOURCE CREDIT UNION
Tax-exempt · MERRILLVILLE, IN 46410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,537,436 | $3,996,107 | $541,329 | $92,188,560 | $80,218,573 | $11,969,987 |
| December 31, 2023 | 990 | $3,875,419 | $3,399,729 | $475,690 | $90,277,336 | $78,848,678 | $11,428,658 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,369,603
- Investment income
- $1,167,833
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,083,652
- Salaries, compensation and benefits (total)
- $1,367,567
- Professional fundraising fees
- $0
- Occupancy
- $282,646
- Travel
- $28,363
- Depreciation
- $121,092
- Program services (functional)
- $3,996,107
Balance sheet and other
- Total assets, start of year
- $90,277,336
- Total assets, end of year
- $92,188,560
- Total liabilities, end of year
- $80,218,573
- Net assets, end of year
- $11,969,987
- Land, buildings and equipment
- $1,666,568
- Publicly traded securities
- $30,787,000
- Gross receipts
- $4,537,436
- Employees
- 29
- Volunteers
- 15
- Year formed
- 1935
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeff Perz | Chairman Trustee or director, Officer | 1 | $0 |
| Barry Weiss | Director Trustee or director, Officer | 1 | $0 |
| Jim Juarez | Director Trustee or director, Officer | 1 | $0 |
| Tom Pysh | Director Trustee or director | 1 | $0 |
| Mitch Hershberger | Director Trustee or director | 1 | $0 |
| Ronald Harper | Director Trustee or director | 1 | $0 |
| Gina Smith | Director Trustee or director, Officer | 1 | $0 |
| Don Tokoly | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James Falls | CEO Officer | 40 | $114,505 | $35,328 |
| Jeff Perz | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Barry Weiss | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Cecelia Larguara | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Donald Bowman | Director Trustee or director | 1 | $0 | $0 |
| Joanne Durkel | Director Trustee or director | 1 | $0 | $0 |
| Ronald Harper | Director Trustee or director | 1 | $0 | $0 |
| Tom Pysh | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jason Harrigan | Director Trustee or director | 1 | $0 | $0 |
| Mitch Hershberger | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8580 VIRGINIA ST, MERRILLVILLE, IN 46410-6235
- Principal officer (990 for 2024)
- James Falls, 8580 Virginia Street, Merrillville, IN 46410
- Signed the 990
- James Falls, CEO
- Phone
- (219) 765-4141
- Website
- www.ms-cu.com
- Return prepared by
- Eifel Rambo Advisory Group Ltd
Mission
Credit Union is a not-for-profit, member-owned financial institution, we work hard to ensure the credit union philosophy of people helping people. We offer a full line of products and services.
Program accomplishments
- To promote thrift & provide low cost loans among members. This is accomplished on a co-operative basis for the mutual benefit of those in their field of membership.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0873966
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $91,722,357
- Income (IRS master file)
- $4,779,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,537,436 | $3,996,107 | $92,188,560 | XML |
| 990 | December 2023 | $3,875,419 | $3,399,729 | $90,277,336 | XML |
| 990 | December 2022 | $3,726,820 | $2,898,320 | $93,824,009 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0873966).
Questions about MEMBERSOURCE CREDIT UNION
- What is the EIN of MEMBERSOURCE CREDIT UNION?
- The employer identification number (EIN) of MEMBERSOURCE CREDIT UNION is 35-0873966.
- Is MEMBERSOURCE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2019.
- Are donations to MEMBERSOURCE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMBERSOURCE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMBERSOURCE CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMBERSOURCE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MEMBERSOURCE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names James Falls.
- Who are the officers and directors of MEMBERSOURCE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MEMBERSOURCE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,537,436, expenses of $3,996,107 and total assets of $92,188,560 at year end.
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