EIN 52-0284053

Mecu of Baltimore

IRS 501(c) type
501(c)(14)
Num. employees
407
Year formed
1936
Most recent tax filings
2022-12-01
Description
Mecu of Baltimore empowers its member owners to improve their financial well-being and live better. It offers a diverse range of financial services that aim to enhance the economic and social welfare of every member regardless of socio-economic background. Mecu is committed to educating its members about finances through various programs, including discounts. The credit union provides deposit products such as savings, checking, money market accounts, certificates of deposit, and individual retirement accounts. As of December 31, 2021, Mecu had 193,976 deposit accounts.
Also known as...
Municipal Employees Credit Union of Baltimore
Total revenues
$62,078,917
2022
Total expenses
$57,411,510
2022
Total assets
$1,322,450,560
2022
Num. employees
407
2022

Program areas at Mecu of Baltimore

Mecu provides consumer and business loans to members at competitive rates. These loans include: mortgage, home equity, vehicle, Credit card, and unsecured loans.
Mecu strives to offer products and services designed to improve the economic and social well being of all members from all socio-economic backgrounds. Mecu is committed to member financial education. Some of the programs that Mecu provides include discounted mortgage rates through first-time homebuyer's programs and buy in Baltimore loans, home buyer's workshops, Credit repair workshops, basics of money management, new employee and pre-retirement workshops, and free Credit counseling services.
Mecu provides deposit products and services to consumer and business members. These deposit products include savings, checking, money market, certificates of deposit, and individual retirement accounts. As of december 31, 2022, Mecu had 186,006 deposit accounts outstanding. Mecu's deposit rates continue to be some of the most competitive rates offered by federally insured financial institutions.

Grants made by Mecu of Baltimore

GranteeGrant descriptionAmount
Baltimore Office of Promotion and the ArtsCharitable Contribution$46,375
The Credit Union Foundation of MD and DCCharitable Contribution$27,000
African American Credit Union CoalitionCharitable Contribution$15,000
...and 2 more grants made

Personnel at Mecu of Baltimore

NameTitleCompensation
John HamiltonPresident and Chief Executive Officer / Chief Executive Officer / Vice President of Lending$943,018
Kathy SheltonSenior Vice President and Chief Operating Officer / Senior Vice President Call Center and E - Commerce$227,121
Adrian JohnsonSenior Vice President and Chief Financial Officer$270,080
Denise Jones-FrasierChief of Staff Senior Vice President / Chief of Staff / Vice President of Operations$534,038
Timothy RozalskiVice President of Marketing$177,902
...and 7 more key personnel

Financials for Mecu of Baltimore

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,851,515
Program services$54,561,571
Investment income and dividends$6,084,651
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-418,820
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$62,078,917

Form 990s for Mecu of Baltimore

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-10-14990View PDF
2020-122021-11-12990View PDF
2019-122021-06-24990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s

Organizations like Mecu of Baltimore

OrganizationLocationRevenue
Michigan First Credit UnionLathrup Village, MI$108,549,762
Lake Trust Credit UnionBrighton, MI$102,003,770
Industrial Credit Union of Whatcom CountyBellingham, WA$22,987,769
Telhio Credit Union (TCU)Columbus, OH$63,054,320
Community Credit Union of FloridaRockledge, FL$47,699,278
Western Cooperative Credit UnionWilliston, ND$16,661,044
Freedom Northwest Credit UnionKamiah, ID$27,109,211
Vantage West Credit UnionTucson, AZ$128,137,248
US Community Credit UnionNashville, TN$17,909,727
St Anne's Credit UnionFall River, MA$36,103,812
Data update history
January 24, 2024
Updated personnel
Identified 2 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 24 new vendors, including , , , , , , , , , , , , , , , , , , , , , , , and
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
1 S St
Baltimore, MD 21202
Metro area
Baltimore-Columbia-Towson, MD
County
Baltimore City, MD
Website URL
mecu.com/ 
Phone
(410) 752-8313
IRS details
EIN
52-0284053
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
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
Independent
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