METCO CREDIT UNION

EIN: 420835734

CEDAR RAPIDS, IA

Total Revenue
$3,694,367
Total Expenses
$2,193,933
Total Assets
$56,697,284
Net Assets
$10,269,030
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
IA
Principal Officer
BRAD MERTENS
Phone
3193985007
Tax Period
2025-01-01 to 2025-12-31

METCO CREDIT UNION, founded in 1957, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2025. The organization ran a surplus of $1.5M, a strong 41% operating margin.

Mission

TO HELP MEMBERS WITH THEIR FINANCES, ACCEPT DEPOSITS AND MAKE LOANS.

Program Service Accomplishments

Program 1
Expenses: $2,193,933 Revenue: $2,659,982

THE ORGANIZATION HAS MEMBERS WHO HAVE CHECKING ACCOUNTS AND LOANS. APPROXIMATELY 3,404 MEMBERS WERE SERVED DURING THE 2025 YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,163,001
Investment Income $1,034,385
Other Revenue $496,981
TOTAL REVENUE $3,694,367

Expense Breakdown

Grants Paid $0
Salaries & Benefits $684,186
Fundraising Expenses $0
Program Expenses $2,193,933
Other Expenses $1,509,747
TOTAL EXPENSES $2,193,933

Year-over-Year Comparison

2025 2024 Change
Revenue $3,694,367 $3,504,632 +0.1%
Expenses $2,193,933 $2,150,153 +0.0%
Net Income $1,500,434 $1,354,479 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
10
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$190,116
Total Directors
9
$190,116
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN OLSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
DOMINIC WIBE SECRETARY 1.00
Officer Director
$0 $0 $0
DANNIELLE BOSTON BOARD MEMBER 0.75
Director
$0 $0 $0
DARRELL CANNON BOARD MEMBER 0.75
Director
$0 $0 $0
CHRIS SISCO BOARD MEMBER 0.75
Director
$0 $0 $0
WENDEE EALY BOARD MEMBER 0.75
Director
$0 $0 $0
ROBERT BURNS BOARD MEMBER 0.75
Director
$0 $0 $0
BENJAMIN GRIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD MERTENS PRESIDENT/CEO/CFO 45.00
Officer Director
$149,869 $40,247 $190,116
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,694,367 $2,193,933 $56,697,284 $1,500,434
2024 $3,504,632 $2,150,153 $53,309,346 $1,354,479
2023 $2,933,328 $1,868,222 $51,114,083 $1,065,106
2022 $2,042,977 $1,511,566 $48,586,801 $531,411
2021 $2,079,830 $1,455,775 $49,036,368 $624,055
2020 $2,105,477 $1,477,317 $44,375,606 $628,160
2019 $2,206,928 $1,673,506 $36,772,129 $533,422
2018 $1,786,576 $1,556,026 $33,221,990 $230,550
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