EIN 74-1240617

Memorial Credit Union (MCU)

IRS 501(c) type
501(c)(14)
Num. employees
31
State
Year formed
1953
Most recent tax filings
2023-12-01
Description
Memorial Credit Union is dedicated to provide members sound, competitively priced financial services in a personal, professional manner.
Related structure
MCU is child organization, under the parent exemption from Credit Union Department of Texas.
Total revenues
$6,476,716
2023
Total expenses
$6,077,536
2023
Total assets
$94,569,265
2023
Num. employees
31
2023

Program areas at MCU

Share account: Credit Union's share account offer advantages to members of all ages, Credit Union had 10,622 members as of december 31, 2023. Members savings account pay monthly dividends. Members can use the home banking and mobile banking via internet or telephone automated line to check their accounts.the branch network and atm's are worldwide. Special account for minors to encourage consistent savings habits. Members can join christmas and vacation club accounts.
Loan: Credit Union has provided vehicle loans since its early years. Other product lines now includes efficient underwriting and flexible offerings for recreational vehicles, boat and motor cycles. Members can have life and disability insurance available on any of these loan types.
Checking account: Credit Union provides checking accounts for members with various features from free checking account to those with enhanced benefits. Most offer dividends that pay monthly. The Credit Union extends these accounts to all the members with free debit card, online banking access, mobile app, free remote deposit and bill pay services.
Information technology, marketing , compensation and benefits

Personnel at MCU

NameTitleCompensation
Thomas RogersChief Executive Officer$181,053
Robyn OliveExecutive Vice President$137,999

Financials for MCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$5,228,633
Investment income and dividends$463,328
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$784,755
Total revenues$6,476,716

Form 990s for MCU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-09990View PDF
2022-122023-05-08990View PDF
2021-122022-05-11990View PDF
2020-122021-05-17990View PDF
2018-122019-09-14990View PDF
...and 12 more Form 990s

Organizations like MCU

OrganizationLocationRevenue
Capitol Credit Union (CCU)Austin, TX$9,538,813
Texas Telcom Credit UnionDallas, TX$2,445,041
SPCO Credit UnionHouston, TX$2,352,949
Freestone Credit UnionTeague, TX$2,621,942
Unity One Credit UnionFort Worth, TX$13,037,693
Service 1ST Credit UnionGreenville, TX$2,688,265
MCT Credit UnionPort Neches, TX$17,733,954
Scott and White Employees Credit UnionTemple, TX$3,399,230
Lubrizol Employees Credit UnionDeer Park, TX$2,363,588
Cabot Community Credit UnionPampa, TX$2,807,809
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 2 new personnel
April 3, 2022
Posted financials
Added Form 990 for fiscal year 2020
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
7789 SW Frwy Suite 175
Houston, TX 77074
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
Website URL
memorialcu.org/ 
Phone
(713) 778-6300
Facebook page
MemorialCreditUnion 
Twitter profile
@memorialcu 
IRS details
EIN
74-1240617
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1953
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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