Program areas at Municipal Employees Credit Union of Okc
Loan interest income generates more funds for future loans, thus increasing member Credit availability.
Overdraft privilege - through this program, we will pay a member's check instead of returning the item when their account has a negative balance. The Credit Union still charges a $30 fee per item just as they would if the check was returned, however, by paying the check the member avoids a fee from the merchant. The Credit Union has policies in place that qualifies a member for this service.
Investment interest income funds provide higher or more competitive interest rates members earn on their deposits thus encouraging more savings, as well as a liquidity source for the Credit Union.
Personnel at Municipal Employees Credit Union of Okc
| Name | Title | Compensation | Date of data |
|---|
| Eric Jones | Former President and Chief Executive Officer | $223,852 | 2022-12-31 |
| John Cummings | President and Chief Executive Officer | $149,322 | 2023-12-31 |
| Michael Brantley | Vice President of Operations | $100,333 | 2021-12-31 |
| Je'Neil Torres | Vice President of Finance | $152,040 | 2024-04-10 |
| Allan Bean | Vice President of Marketing | $133,978 | 2021-12-31 |
| ...and 3 more key personnel |
Financials for Municipal Employees Credit Union of Okc
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $5,324,699 | $5,232,983 | 1.8% |
| Investment income and dividends | $787,981 | $147,528 | 434.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $2,102,924 | $2,495,863 | -15.7% |
| Total revenues | $8,215,604 | $7,876,374 | 4.3% |
Organizations like Municipal Employees Credit Union of Okc
| Organization | Type | Location | Revenue |
|---|
| Fort Gordon and Community Credit Union | 501(c)(14) | Fort Gordon, GA | $2,424,668 |
| Frontier Community Credit Union | 501(c)(14) | Leavenworth, KS | $9,882,689 |
| Credit Unions Chartered in the State of Michigan Allegis Credit Union | 501(c)(14) | Kalamazoo, MI | $5,538,378 |
| United Consumers Credit Union | 501(c)(14) | Independence, MO | $9,982,754 |
| Members First Credit Union - 809 | 501(c)(14) | Columbus, OH | $2,839,695 |
| Visterra Credit Union | 501(c)(14) | Moreno Valley, CA | $17,489,863 |
| Citizens Community Credit Union | 501(c)(14) | Fort Dodge, IA | $12,713,937 |
| Tuscaloosa Credit Union | 501(c)(14) | Tuscaloosa, AL | $4,141,284 |
| Best Advantage Credit Union | 501(c)(14) | Brillion, WI | $3,699,899 |
| FEDCom Credit Union | 501(c)(14) | Grand Rapids, MI | $3,582,290 |
Data update history
May 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 4 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 25, 2023
Updated personnel
Identified 2 new personnel
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
No characteristics found
General information
- Address
- 101 N Walker Ave
- Oklahoma City, OK 73102
- Metro area
- Oklahoma City, OK
- County
- Oklahoma County, OK
- Website URL
- mecuokc.org/
- Phone
- (405) 813-5500
IRS details
- EIN
- 73-0366010
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1934
- 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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