MTCU

EIN: 751100957

MIDLAND, TX

Total Revenue
$8,873,097
Total Expenses
$8,013,158
Total Assets
$138,084,055
Net Assets
$11,001,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
TX
Principal Officer
JUSTIN MARLER
Phone
4326887300
Tax Period
2023-01-01 to 2023-12-31

MTCU, founded in 1955, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Expenses of $8.0M left a modest 10% surplus.

Mission

MTCU IS A COOPERATIVE THRIFT INSTITUTION AND IS A MEMBER OF THE NATIONAL CREDIT UNION ASSOCIATION INSURANCE FUND. MTCU IS REGULATED BY THE STATE OF TEXAS CREDIT UNION DEPARTMENT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION. MTCU OFFERS PRODUCTS AND SERVICES IN FOUR PRIMARY AREAS: SHARE & CHECKING ACCOUNTS, CONSUMER LOANS, AND REAL ESTATE LOANS. MTCU IS DEDICATED TO PROVIDING PERSONAL, COURTEOUS, AND PROFESSIONAL SERVICE IN AN EFFICIENT AND CARING MANNER AND TO MEETING THE DIVERSE NEEDS OF THE MEMBER-OWNERS THROUGH SOUND MANAGEMENT PRACTICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,561,915
Investment Income $1,311,182
Other Revenue $0
TOTAL REVENUE $8,873,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,111,933
Fundraising Expenses $0
Other Expenses $4,901,225
TOTAL EXPENSES $8,013,158

Year-over-Year Comparison

2023 2022 Change
Revenue $8,873,097 $8,352,706 +0.1%
Expenses $8,013,158 $7,438,390 +0.1%
Net Income $859,939 $914,316 -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

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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
7
Independent Members
7
Employees
43
Volunteers
5

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
8
$944,061
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY ASHLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JON BRENNER BOARD MEMBER 1.00
Director
$0 $0 $0
ARIEL ELLIOTT BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA HANCOCK SECRETARY 1.00
Officer Director
$0 $0 $0
BETTY MERRITT CHAIR 1.00
Officer Director
$0 $0 $0
OFELIA PALLANEZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAYME TEDDER TREASURER 1.00
Officer Director
$0 $0 $0
JANA HANEY FORMER PRESIDENT 40.00
Officer
$380,607 $63,920 $444,527
BROOKE MARTIN FORMER CFO 40.00
Officer
$199,807 $15,540 $215,347
JUSTIN MARLER PRESIDENT 40.00
Officer
$202,753 $43,907 $246,660
ESTRELLA AGUILAR CFO 40.00
Officer
$35,856 $1,671 $37,527
CESAR TARIN VICE PRESIDENT OF LENDING 40.00
Highest
$152,188 $35,841 $188,029
SUSAN MASTEN EXECUTIVE VICE PRESIDENT 40.00
Highest
$128,243 $30,640 $158,883
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
2024 No data No data No data No data
2023 $8,873,097 $8,013,158 $138,084,055 $859,939
2022 $8,352,706 $7,438,390 $148,244,519 $914,316
2021 $7,400,793 $6,775,537 $143,998,178 $625,256
2020 $7,741,069 $6,960,232 $135,379,260 $780,837
2019 $7,453,685 $7,076,638 $129,946,776 $377,047
2018 $6,712,631 $6,455,591 $129,853,916 $257,040
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