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EIN 35-6032041

Members Advantage Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
32
City
Michigan City
State
Indiana
Year formed
1962
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
State chartered Credit Union Members Advantage is a full-service financial institution offering a variety of products and services including various loans, interest bearing checking accts, money markets accts, investment service Credit cards, and online billpay.
Related structure
Members Advantage Credit Union is child organization, under the parent exemption from Department of Financial Institution Division of Credit Unions Ind.
Also known as...
Department of Financial Institution Division of Credit Unions in Ind
Total revenues
$5,655,321
2023
Total expenses
$5,111,935
2023
Total assets
$121,447,849
2023
Num. employees
32
2023

Program areas at Members Advantage Credit Union

To promote thrift and provide low cost loans among Members. This is accomplished on a co-operative basis for the mutual benefit of those within the field of membership.

Personnel at Members Advantage Credit Union

NameTitleCompensation
Frank BeachnauPresident and Chief Executive Officer$122,154
Robert HavensExecutive Vice President$115,625

Financials for Members Advantage Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$2,632,057
Investment income and dividends$1,162,082
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$24,296
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,836,886
Total revenues$5,655,321

Form 990s for Members Advantage Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990View PDF
2022-122023-05-15990View PDF
2021-122022-05-16990View PDF
2020-122021-06-30990View PDF
2019-122020-08-28990View PDF
...and 10 more Form 990s
Data update history
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 21, 2022
Posted financials
Added Form 990 for fiscal year 2020
May 21, 2022
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
Community improvement
Characteristics
MembershipsState / local level
General information
Address
3064 S Ohio St
Michigan City, IN 46360
Metro area
Michigan City-La Porte, IN
County
LaPorte County, IN
Website URL
macuonline.org/ 
Phone
(219) 874-6943
IRS details
EIN
35-6032041
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1962
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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