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  4. Members Source Credit Union
EIN 35-0873966

Members Source Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
32
City
Merrillville
State
Indiana
Year formed
1935
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Members Source Credit Union promotes thrift and provides low cost loans among members on a co-operative basis for the mutual benefit of those in their field of membership. As a not-for-profit, member-owned financial institution, we work hard to ensure the credit union philosophy of people helping people. We offer a full line of products and services to fulfill this mission.
Total revenues
$3,875,419
2023
Total expenses
$3,399,729
2023
Total assets
$90,277,336
2023
Num. employees
32
2023

Program areas at Members Source Credit Union

To promote thrift & provide low cost loans among members. This is accomplished on a co-operative basis for the mutual benefit of those in their field of membership.

Personnel at Members Source Credit Union

NameTitleCompensation
James FallsChief Executive Officer$114,505

Financials for Members Source Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$3,027,429
Investment income and dividends$855,271
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-7,281
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,875,419

Form 990s for Members Source Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-05-16990View PDF
2021-122022-03-01990View PDF
2020-122021-06-29990View PDF
2019-122020-12-11990View PDF
...and 10 more Form 990s

Organizations like Members Source Credit Union

OrganizationLocationRevenue
Kansas Teachers Community Credit UnionPittsburg, KS$5,792,128
CSD Credit UnionKansas City, MO$3,435,712
Cooperativa de Ahorro Y Credito MorovenaMorovis, PR$8,648,954
Greater Kentucky Credit UnionLexington, KY$6,324,313
Cornerstone Credit UnionFreeport, IL$7,921,070
Minnequa Works Credit UnionPueblo, CO$9,391,147
Cooperativa de Ahorro Y Credito HatilloHatillo, PR$7,578,757
Illinois Valley Credit Union (IVCU)Peru, IL$1,872,703
Alden Credit UnionChicopee, MA$8,264,319
Illinois Educators Credit UnionSpringfield, IL$5,723,602
Data update history
February 9, 2025
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
June 30, 2023
Updated personnel
Identified 3 new personnel
May 15, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
8580 Virginia St
Merrillville, IN 46410
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Lake County, IN
Website URL
ms-cu.com/ 
Phone
(219) 765-4141
IRS details
EIN
35-0873966
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
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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