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 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, homebuyer's workshops, Credit repair workshops, basics of money management, new employee /pre-retirement workshops, and free 1-1 coaching/credit counseling services for all members.
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, 2023, Mecu had aggregate deposit balances that approximated $1,080,892,000. 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
Personnel at Mecu of Baltimore
| Name | Title | Compensation | Date of data |
|---|
| John Hamilton | President and Chief Executive Officer / Chief Executive Officer / Vice President of Lending | $943,018 | 2022-12-31 |
| Kathy Shelton | Senior Vice President and Chief Operating Officer / Senior Vice President Call Center and E - Commerce | $227,121 | 2022-12-31 |
| Adrian Johnson | Senior Vice President and Chief Financial Officer | $270,080 | 2023-11-13 |
| Denise Jones-Frasier | Chief of Staff Senior Vice President / Chief of Staff / Vice President of Operations | $534,038 | 2022-12-31 |
| Timothy Rozalski | Vice President of Marketing | $177,902 | 2022-12-31 |
| ...and 5 more key personnel |
Financials for Mecu of Baltimore
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $471,441 | $1,851,515 | -74.5% |
| Program services | $63,196,585 | $54,561,571 | 15.8% |
| Investment income and dividends | $8,355,841 | $6,084,651 | 37.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $41,164 | $-418,820 | 109.8% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $72,065,031 | $62,078,917 | 16.1% |
Organizations like Mecu of Baltimore
| Organization | Type | Location | Revenue |
|---|
| Lake Trust Credit Union | 501(c)(14) | Brighton, MI | $102,003,770 |
| CoastHills Credit Union | 501(c)(14) | Santa Maria, CA | $95,869,457 |
| First Community Credit Union | 501(c)(14) | Coquille, OR | $62,808,074 |
| St Anne's Credit Union | 501(c)(14) | Fall River, MA | $36,103,812 |
| Patelco Credit Union | 501(c)(14) | Dublin, CA | $314,717,655 |
| Metro Credit Union | 501(c)(14) | Chelsea, MA | $114,336,853 |
| Safe Credit Union | 501(c)(14) | Folsom, CA | $229,786,087 |
| Credit Union of Texas | 501(c)(14) | Allen, TX | $136,553,125 |
| Greater Nevada Credit Union | 501(c)(14) | Carson City, NV | $81,598,679 |
| Whatcom Educational Credit Union | 501(c)(14) | Bellingham, WA | $138,092,209 |
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
Grantmaking organizationsCredit 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/Â
- 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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