Nonprofit · EIN 42-0835734
METCO CREDIT UNION
Tax-exempt · CEDAR RAPIDS, IA 52404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,694,367 | $2,193,933 | $1,500,434 | $56,697,284 | $46,428,254 | $10,269,030 |
| December 31, 2024 | 990 | $3,504,632 | $2,150,153 | $1,354,479 | $53,309,346 | $44,540,750 | $8,768,596 |
| December 31, 2023 | 990 | $2,933,328 | $1,868,222 | $1,065,106 | $51,114,083 | $43,699,966 | $7,414,117 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,163,001
- Investment income
- $1,034,385
- Other revenue
- $496,981
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $190,116
- Other salaries and wages
- $326,093
- Salaries, compensation and benefits (total)
- $684,186
- Professional fundraising fees
- $0
- Legal fees
- -$1,965
- Accounting fees
- $41,897
- Occupancy
- $58,428
- Travel
- $32,169
- Depreciation
- $17,889
- Program services (functional)
- $2,193,933
Balance sheet and other
- Total assets, start of year
- $53,309,346
- Total assets, end of year
- $56,697,284
- Total liabilities, end of year
- $46,428,254
- Net assets, end of year
- $10,269,030
- Land, buildings and equipment
- $257,765
- Gross receipts
- $3,694,367
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1957
- State of legal domicile
- IA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRAD MERTENS | PRESIDENT/CEO/CFO Trustee or director, Officer | 45 | $149,869 | $40,247 |
| ANN OLSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DOMINIC WIBE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DANNIELLE BOSTON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| DARRELL CANNON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| CHRIS SISCO | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| WENDEE EALY | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| ROBERT BURNS | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| BENJAMIN GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRAD MERTENS | PRESIDENT/CEO/CFO Trustee or director, Officer | 45 | $253,921 | $38,802 |
| ANN OLSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS SWISER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DANNIELLE BOSTON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| DARRELL CANNON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| DOMINIC WIBE | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| WENDEE EALY | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| ROBERT BURNS | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| BENJAMIN GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRAD MERTENS | PRESIDENT/CEO/CFO Trustee or director, Officer | 45 | $146,026 | $37,299 |
| ANN OLSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS SWISER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DANNIELLE BOSTON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| DARRELL CANNON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| JASON SEIBRECHT | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| WENDEE EALY | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| ROBERT BURNS | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| GRIFFIN BEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 115 8TH AVE SW, CEDAR RAPIDS, IA 52404-2136
- Principal officer (990 for 2025)
- BRAD MERTENS, 115 8TH AVENUE SW, CEDAR RAPIDS, IA 52404
- Signed the 990
- BRAD MERTENS, CEO
- Phone
- (319) 398-5007
- Website
- WWW.METCOCU.ORG
- Return prepared by
- GARDINER COMPANY PC
Mission
TO HELP MEMBERS WITH THEIR FINANCES, ACCEPT DEPOSITS AND MAKE LOANS.
Program accomplishments
- THE ORGANIZATION HAS MEMBERS WHO HAVE CHECKING ACCOUNTS AND LOANS. APPROXIMATELY 3,404 MEMBERS WERE SERVED DURING THE 2025 YEAR.Expenses $2,193,933 · revenue $2,659,982
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0835734
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $56,697,284
- Income (IRS master file)
- $3,694,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,694,367 | $2,193,933 | $56,697,284 | IRS |
| 990 | December 2024 | $3,504,632 | $2,150,153 | $53,309,346 | IRS |
| 990 | December 2023 | $2,933,328 | $1,868,222 | $51,114,083 | XML |
| 990 | December 2022 | $2,042,977 | $1,511,566 | $48,586,801 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 42-0835734).
Questions about METCO CREDIT UNION
- What is the EIN of METCO CREDIT UNION?
- The employer identification number (EIN) of METCO CREDIT UNION is 42-0835734.
- Is METCO CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14).
- Which annual return does METCO 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 METCO 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 METCO CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of METCO CREDIT UNION?
- The 990 for the year ended December 31, 2025 names BRAD MERTENS.
- Who are the officers and directors of METCO CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $149,869 (BRAD MERTENS, PRESIDENT/CEO/CFO).
- How much revenue does METCO CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,694,367, expenses of $2,193,933 and total assets of $56,697,284 at year end.
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