2023-06-09T17:38:23-05:00 2022-12-31 810781371 J TENBRINK & ASSOCIATES 11272 S RIDGEVIEW RD OLATHE KS 660616454 990 2022-01-01 431044975 MISSOURI ELECTRIC COOPERATIVE EMPLOYEES' CREDIT UNION MISS 5736342595 PO BOX 1586 JEFFERSON CITY MO 651021586 RANDY MARKS PRESIDENT/MANAGER 5736593406 2023-06-09 1 RANDY MARKS 999009999 0 GERALD TENBRINK P00638199 9138946214 2023-05-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RANDY MARKS 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 10760303 0 X WWW.MECECU.COM X 1975 MO PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 9 9 20 12 6900 0 0 0 8224775 8185421 1414401 1978057 18894 17581 9658070 10181059 500 500 0 0 1936593 2115029 0 0 0 4151843 4674225 6088936 6789754 3569134 3391305 280806125 302522493 251578421 282790547 29227704 19731946 PERSONALIZED FINANCIAL SERVICES PROVIDED BY A DEDICATED STAFF WITH SUCCESSFUL RESULTS. 0 0 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 12,455 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 9,504 LOANS OUTSTANDING TOTALING $198,412,496. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $2,753,428 FOR THE YEAR. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 13334 0 1 20 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 0 1 0 1 1 X GARY BRUEMMER 5736342595 2722 E MCCARTY ST JEFFERSON CITY MO 651014428 MATT SHARP CHAIRPERSON 1.00 X 0 0 0 KENT BROWN VICE CHAIRPERSON 1.00 X 0 0 0 CODY EAVES SECRETARY/TREASURER 1.00 X 0 0 0 RHONDA ROBISON DIRECTOR 1.00 X 0 0 0 TIM SHAFER DIRECTOR 1.00 X 0 0 0 JOAN HUCK DIRECTOR 1.00 X 0 0 0 CATHY MCKAY DIRECTOR 1.00 X 0 0 0 SEAN FRIEND DIRECTOR 1.00 X 0 0 0 DENISE STEVENS DIRECTOR 1.00 X 0 0 0 RANDY MARKS PRESIDENT/MANAGER 40.00 X 245383 0 78043 GARY BRUEMMER ACCOUNTANT 40.00 X 145503 0 58802 AMY WRIGHT LOAN OFFICER 40.00 X 105002 0 19755 JAY ERNST SENIOR LOAN OFFICER 40.00 X 124728 0 54611 DEVEN MCDONALD OFFICE MANAGER 40.00 X 101145 0 42670 721761 0 253881 5 0 1 0 0 INTEREST ON LOANS 522100 6846588 6846588 FEES & OTHER INCOME 522100 1331933 1331933 WARRANTY SALES 524298 6900 6900 8185421 1995821 1995821 17581 17581 450565 110915 490000 89244 -39435 21671 -17764 -17764 10181059 10174159 6900 0 500 323426 1144293 300509 249182 97619 4125 43685 396284 40249 204211 324387 34498 40975 297818 58699 14615 MEMBER DIVIDENDS 2753428 LOAN SERVICING 238782 ASSOCIATION DUES 46610 PROVISION FOR LOAN LOSS 11007 164852 6789754 300617 142759 2278230 3831110 18927 18981 172438213 198389283 614604 578117 1312968 648799 690753 664169 100021370 95542068 4443411 3356006 280806125 302522493 864630 1900405 2500000 27082858 248213791 253807284 251578421 282790547 X 0 0 0 0 29227704 19731946 29227704 19731946 280806125 302522493 3391305 -12887063 0 X 0 1 X 1 0 1037474 469541 567933 275494 179258 96236 664169 FHLB STOCK 1439100 C NEGOTIABLE CERTIFICATES 19553696 F FEDERAL AGENCY SEC. 18605644 F MORTGAGE-BACKED SEC. 43403336 F US TREASURIES 3676310 F MUNICIPAL BONDS 7940801 F CUSOS 234444 C NCUA CLF STOCK 688737 C 95542068 MEMBER SHARE DEPOSITS 253807284 253807284 X 10181059 0 10181059 0 10181059 6789754 0 6789754 0 6789754 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501 OF THE INTERNAL REVENUE CODE (IRC) OF 1954; HOWEVER, THE CREDIT UNION'S UNRELATED BUSINESS INCOME AND SUBSIDIARIES ARE SUBJECT TO FEDERAL INCOME TAXES. THERE WERE NO SIGNIFICANT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2022 AND DECEMBER 31, 2021. ACCOUNTING PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CREDIT UNION HAD NO UNRECOGNIZED TAX POSITIONS ON DECEMBER 31, 2022 AND 2021. IT IS THE CREDIT UNION'S POLICY TO RECORD ANY PENALTIES OR INTEREST ARISING FROM FEDERAL OR STATE TAXES AS A COMPONENT OF NONINTEREST EXPENSE. X X 0 0 0 RANDY MARKS PRESIDENT/MANAGER 223757 0 18360 0 3266 0 46442 0 31601 0 323426 0 0 0 GARY BRUEMMER ACCOUNTANT 129119 0 14980 0 1404 0 27582 0 31220 0 204305 0 0 0 JAY ERNST SENIOR LOAN OFFICER 110347 0 13214 0 1167 0 23727 0 30884 0 179339 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON VARIOUS INFORMATION, INCLUDING SALARY SURVEYS AND COMPARABILITY DATA. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. RYAN MARKS MEMBER SERVICE REPRESEN SON OF RANDY MARKS, PRESIDENT/MANAGER 18366 COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY MANAGEMENT AND PRESENTED TO THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION BASED ON VARIOUS INFORMATION, INCLUDING SALARY SURVEYS AND COMPARABILITY DATA. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. THE NCUA WEBSITE ALSO POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST.