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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 75-0899745

MEMBERS CREDIT UNION

Tax-exempt · CLEBURNE, TX 76033

Financials

$5.6M$4.6M2023$6.6M$5.5M2024
Revenue Expenses · by fiscal year end
Financials of MEMBERS CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,561,648$5,493,852$1,067,796$103,536,464$92,027,721$11,508,743
December 31, 2023990$5,572,065$4,605,486$966,579$97,573,995$87,133,048$10,440,947
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,005,880
Investment income
$1,555,768
Net gain from sales of assets
$23,092
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$227,313
Other salaries and wages
$1,265,108
Salaries, compensation and benefits (total)
$1,848,940
Professional fundraising fees
$0
Legal fees
$5,336
Occupancy
$264,839
Depreciation
$91,017

Balance sheet and other

Total assets, start of year
$97,573,995
Total assets, end of year
$103,536,464
Total liabilities, end of year
$92,027,721
Net assets, end of year
$11,508,743
Land, buildings and equipment
$3,006,066
Gross unrelated business income
$45,838
Gross receipts
$6,579,556
Employees
25
Volunteers
0
Year formed
1954
State of legal domicile
TX

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.

NameTitleHours / weekCompensationOther / benefits
PAUL T ELKINSCEO/PRESIDENT
Officer
45$178,303$49,010
TERESA LECKVP OF OPERATIONS
Highest-paid employee
40$138,457$36,916
ROXANNE THOMASVP OF ADMINISTRATION
Highest-paid employee
40$120,171$13,692
GAIL GUTHVP OF ACCOUNTING
Highest-paid employee
40$106,890$11,874
WILL HEADVP OF LENDING
Highest-paid employee
40$104,396$10,537
CHRIS COOKEPRESIDENT
Trustee or director, Officer
1$0$0
CLEVE WEYENBERG JRVICE PRESIDENT
Trustee or director, Officer
1$0$0
GREG WILMORETREASURER
Trustee or director, Officer
1$0$0
CECIL MAYSECRETARY
Trustee or director, Officer
1$0$0
DAVID PRICEDIRECTOR
Trustee or director
1$0$0
GARY HEINRICHDIRECTOR
Trustee or director
1$0$0
GREG HARMONDIRECTOR
Trustee or director
1$0$0
SABRINA WATSONDIRECTOR
Trustee or director
1$0$0
DEBBIE RICEDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
PAUL T ELKINSCEO/PRESIDENT
Officer
45$170,438$43,293
CHRIS COOKEPRESIDENT
Trustee or director, Officer
1$0$0
CLEVE WEYENBERG JRVICE PRESIDENT
Trustee or director, Officer
1$0$0
GREG WILMORETREASURER
Trustee or director, Officer
1$0$0
CECIL MAYSECRETARY
Trustee or director, Officer
1$0$0
DAVID PRICEDIRECTOR
Trustee or director
1$0$0
GARY HEINRICHDIRECTOR
Trustee or director
1$0$0
GREG HARMONDIRECTOR
Trustee or director
1$0$0
SABRINA WATSONDIRECTOR
Trustee or director
1$0$0
DEBBIE RICEDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
833 N NOLAN RIVER RD, CLEBURNE, TX 76033-7001
In care of
% ROXANNE THOMAS
Principal officer (990 for 2024)
PAUL T ELKINS, 833 N NOLAN RIVER RD, CLEBURNE, TX 76033
Signed the 990
PAUL T ELKINS, CEO/PRESIDENT
Phone
(817) 641-4031

Mission

OUR COMMITMENT IS TO EXCEED YOUR SERVICE EXPECTATIONS WHILE CARING FOR YOUR FINANCIAL NEEDS.

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, MCU'S ASSETS INCREASED FROM $97.5 MILLION TO $103.2 MILLION, DEPOSITS INCREASED FROM $87.1 MILLION TO $92 MILLION, LOANS INCREASED FROM $57.1 MILLION TO $60.2 MILLION AND THE NUMBER OF MEMBERS SERVED INCREASED FROM 8,403 TO 8,593. MCU'S CAPITAL REMAINS STRONG AT 11.15%.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-0899745
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$103,536,464
Income (IRS master file)
$6,579,556

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,561,648$5,493,852$103,536,464XML
990December 2023$5,572,065$4,605,486$97,573,995XML
990December 2022$4,778,213$4,175,434$108,979,567IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 75-0899745).

Questions about MEMBERS CREDIT UNION

What is the EIN of MEMBERS CREDIT UNION?
The employer identification number (EIN) of MEMBERS CREDIT UNION is 75-0899745.
Is MEMBERS CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to MEMBERS CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MEMBERS 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 MEMBERS CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MEMBERS 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 MEMBERS CREDIT UNION?
The 990 for the year ended December 31, 2024 names PAUL T ELKINS.
Who are the officers and directors of MEMBERS CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 14 people; 5 received compensation from the organization, the highest $178,303 (PAUL T ELKINS, CEO/PRESIDENT).
How much revenue does MEMBERS CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,561,648, expenses of $5,493,852 and total assets of $103,536,464 at year end.

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