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Nonprofit · EIN 94-1366983

MERCO CREDIT UNION

Tax-exempt · MERCED, CA 95340

Financials

$10M$9.2M2023$14.4M$13.3M2024
Revenue Expenses · by fiscal year end
Financials of MERCO CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$14,381,733$13,318,092$1,063,641$201,175,702$183,432,394$17,743,308
December 31, 2023990$9,975,258$9,175,552$799,706$185,546,712$168,867,045$16,679,667
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$9,846,873
Investment income
$1,353,732
Other revenue
$3,181,128

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,942,801
Compensation of officers, directors and key employees
$1,815,479
Other salaries and wages
$1,924,967
Salaries, compensation and benefits (total)
$3,740,446
Professional fundraising fees
$0
Occupancy
$378,751
Travel
$50,481

Balance sheet and other

Total assets, start of year
$185,546,712
Total assets, end of year
$201,175,702
Total liabilities, end of year
$183,432,394
Net assets, end of year
$17,743,308
Land, buildings and equipment
$2,780,793
Gross unrelated business income
$23,442
Gross receipts
$14,381,733
Employees
43
Volunteers
12
Year formed
1966
State of legal domicile
CA

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
David W NessPresident & CEO
Officer
40$221,018$28,119
David Bren HorrocksVP Finance/CFO
Officer
40$146,806$14,658
Donna MaherVP HR &Training
Officer
40$127,999$12,778
Jennifer TosteVP Branch Op
Officer
40$126,392$12,616
Shay LopezVP Chief Lendin
Officer
40$124,357$0
Jim MurphyBoard Member
Trustee or director
2$0$0
Ron KinchloeBoard Member
Trustee or director
2$0$0
M Stephen JonesBoard Member
Trustee or director
2$0$0
John PedrozoBoard Member
Trustee or director
2$0$0
Barbara JamisonBoard Member
Trustee or director
2$0$0
Olivia WebsterBoard Member
Trustee or director
2$0$0
Joe SapienBoard Member
Trustee or director
2$0$0
Hubert WalshBoard Member
Trustee or director
2$0$0
Michael RhodesBoard Member
Trustee or director
2$0$0
John PriceBoard Member
Trustee or director
2$0$0
1 more people on this return
NameTitleHours / weekCompensation
Kent ChristensenBoard Member
Trustee or director
2$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
David W NessPresident & CEO
Officer
40$182,527$26,577
David Bren HorrocksVP Finance/CFO
Officer
40$114,748$13,244
Donna MaherVP HR &Training
Officer
40$99,436$12,158
Jennifer TosteVP Branch Op
Officer
40$96,625$11,726
Shay LopezVP Chief Lendin
Officer
40$96,016$11,531
Jim MurphyBoard Member
Trustee or director
2$0$0
Ron KinchloeBoard Member
Trustee or director
2$0$0
M Stephen JonesBoard Member
Trustee or director
2$0$0
John PedrozoBoard Member
Trustee or director
2$0$0
Barbara JamisonBoard Member
Trustee or director
2$0$0
Olivia WebsterBoard Member
Trustee or director
2$0$0
Joe SapienBoard Member
Trustee or director
2$0$0
Hubert WalshBoard Member
Trustee or director
2$0$0
Michael RhodesBoard Member
Trustee or director
2$0$0
John PriceBoard Member
Trustee or director
2$0$0
Kent ChristensenBoard Member
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1911 M ST, MERCED, CA 95340-3706
Principal officer (990 for 2024)
David W Ness, 1911 M Street, Merced, CA 95340
Signed the 990
David W Ness, CEO, President
Phone
(209) 723-4285
Return prepared by
RICHARDS & ASSOCIATES

California records

California keeps its own records of charities and corporations. Search them by EIN 94-1366983 or by the name MERCO CREDIT UNION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

Non-profit, State-chartered, Natural Person Credit Union. Provide competitive financial services to the members of Merco Credit Union.

990 for the year ended December 31, 2024

Program accomplishments

  • Provided deposit and loan accounts to 15,456 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.

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
94-1366983
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1967
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$201,175,702
Income (IRS master file)
$14,381,733

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$14,381,733$13,318,092$201,175,702XML
990December 2023$9,975,258$9,175,552$185,546,712XML
990December 2022$7,877,946$6,906,965$174,840,743IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 94-1366983).

Questions about MERCO CREDIT UNION

What is the EIN of MERCO CREDIT UNION?
The employer identification number (EIN) of MERCO CREDIT UNION is 94-1366983.
Is MERCO CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1967.
Are donations to MERCO CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MERCO 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 MERCO 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 MERCO 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 MERCO CREDIT UNION?
The 990 for the year ended December 31, 2024 names David W Ness.
Who are the officers and directors of MERCO CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 16 people; 5 received compensation from the organization, the highest $221,018 (David W Ness, President & CEO).
How much revenue does MERCO CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $14,381,733, expenses of $13,318,092 and total assets of $201,175,702 at year end.

Other nonprofits in MERCED

All nonprofits in MERCED · California