BALTIMORE, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC, founded in 1936, is a mid-sized nonprofit that reported $72.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $69.0M left a modest 4% surplus.
OUR MISSION IS TO EMPOWER OUR MEMBERS TO IMPROVE THEIR FINANICAL WELL-BEING AND LIVE BETTER.
MECU PROVIDES CONSUMER AND BUSINESS LOANS TO MEMBERS AT COMPETITIVE RATES. THESE LOANS INCLUDE: MORTGAGE, HOME EQUITY, VEHICLE, CREDIT CARD, AND UNSECURED LOANS.
MECU PROVIDES DEPOSIT PRODUCTS AND SERVICES TO CONSUMER AND BUSINESS MEMBERS. THESE DEPOSIT PRODUCTS INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND INDIVIDUAL RETIREMENT...
MECU PROVIDES DEPOSIT PRODUCTS AND SERVICES TO CONSUMER AND BUSINESS MEMBERS. THESE DEPOSIT PRODUCTS INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT, AND INDIVIDUAL RETIREMENT ACCOUNTS. AS OF DECEMBER 31, 2023, MECU HAD AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $1,080,892,000. MECU'S DEPOSIT RATES CONTINUE TO BE SOME OF THE MOST COMPETITIVE RATES OFFERED BY FEDERALLY INSURED FINANCIAL INSTITUTIONS.
MECU IS COMMITTED TO MEMBER FINANCIAL EDUCATION. SOME OF THE PROGRAMS THAT MECU PROVIDES INCLUDE DISCOUNTED MORTGAGE RATES THROUGH FIRST-TIME HOMEBUYER'S PROGRAMS AND BUY IN BALTIMORE LOANS...
MECU IS COMMITTED TO MEMBER FINANCIAL EDUCATION. SOME OF THE PROGRAMS THAT MECU PROVIDES INCLUDE DISCOUNTED MORTGAGE RATES THROUGH FIRST-TIME HOMEBUYER'S PROGRAMS AND BUY IN BALTIMORE LOANS, HOMEBUYER'S WORKSHOPS, CREDIT REPAIR WORKSHOPS, BASICS OF MONEY MANAGEMENT, NEW EMPLOYEE /PRE-RETIREMENT WORKSHOPS, AND FREE 1-1 COACHING/CREDIT COUNSELING SERVICES FOR ALL MEMBERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $72,065,031 | $62,078,917 | +0.2% |
| Expenses | $69,027,106 | $57,411,510 | +0.2% |
| Net Income | $3,037,925 | $4,667,407 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROMAN CLARK SR | CHAIRPERSON | 2.00 |
Director
|
$21,800 | $0 | $21,800 |
| BENJAMIN MELI JR | BOARD MEMBER | 2.00 |
Director
|
$18,300 | $0 | $18,300 |
| ERNEST GLINKA | BOARD MEMBER | 2.00 |
Director
|
$11,100 | $0 | $11,100 |
| G LOUISE GREEN | TREASURER | 1.50 |
Director
|
$23,600 | $0 | $23,600 |
| GARY MCLHINNEY | VICE CHAIRPERSON | 1.50 |
Director
|
$18,800 | $0 | $18,800 |
| DEBORAH MOORE-CARTER | SECRETARY | 1.50 |
Director
|
$21,500 | $0 | $21,500 |
| LORRETTA JOHNSON | BOARD MEMBER | 1.00 |
Director
|
$7,800 | $0 | $7,800 |
| KARA KING-BESS | BOARD MEMBER | 1.00 |
Director
|
$13,500 | $0 | $13,500 |
| PEGGY PEACOCK | BOARD MEMBER | 1.50 |
Director
|
$27,100 | $0 | $27,100 |
| ADRIAN JOHNSON | EVP/CFO | 45.00 |
Officer
|
$316,236 | $117,734 | $433,970 |
| JOHN HAMILTON | PRESIDENT AND CEO | 45.00 |
Officer
|
$607,481 | $25,548 | $633,029 |
| MICHELLE WILLIAMS | SVP HUMAN RESOURCES & ADMIN. | 45.00 |
Key Emp
|
$201,123 | $33,210 | $234,333 |
| KATHY SHELTON | SVP AND COO | 45.00 |
Key Emp
|
$258,532 | $54,533 | $313,065 |
| MARY JO TAYLOR | SVP CHIEF COMMERCIAL LENDING OFFICER | 45.00 |
Key Emp
|
$217,329 | $20,256 | $237,585 |
| DENISE JONES-FRASIER | CHIEF OF STAFF SVP | 45.00 |
Key Emp
|
$249,172 | $8,462 | $257,634 |
| MAYNARD HURD | SVP CONSUMER LENDING | 45.00 |
Key Emp
|
$214,932 | $4,265 | $219,197 |
| JEAN TYLER | VP ACCOUNTING/CONTROLLER | 45.00 |
Highest
|
$197,714 | $6,850 | $204,564 |
| DONTE LEGGETTE | VP OF IT SERVICES | 45.00 |
Highest
|
$186,723 | $33,769 | $220,492 |
| TIMOTHY ROZALSKI | VP OF MARKETING | 45.00 |
Highest
|
$197,911 | $6,910 | $204,821 |
| NINA SPENCER | VP RETAIL DELIVERY | 45.00 |
Highest
|
$182,310 | $26,428 | $208,738 |
| PATRICIA HANSEL | VP OPERATIONS | 45.00 |
Highest
|
$169,473 | $21,541 | $191,014 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $72,065,031 | $69,027,106 | $1,302,310,518 | $3,037,925 |
| 2022 | $62,078,917 | $57,411,510 | $1,322,450,560 | $4,667,407 |
| 2021 | $60,211,083 | $54,577,172 | $1,362,108,647 | $5,633,911 |
| 2020 | $60,981,721 | $65,401,843 | $1,316,780,285 | $-4,420,122 |
| 2019 | $72,074,622 | $68,478,207 | $1,197,660,345 | $3,596,415 |
| 2018 | $67,398,664 | $63,248,791 | $1,180,671,010 | $4,149,873 |
Compare MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC with other nonprofits in Maryland and across the country.