Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
8 people listed on the 990.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Scott Shelton | — | — | $91,763 | $128,110 |
| James Falls | $114,505 | $114,505 | $107,678 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides financial products and services, guided by a philosophy of members helping members.
Questions for Membersource Credit Union
Your first name shows with your question. Membersource Credit Union answers here, for everyone.
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To promote thrift & provide low cost loans among members. This is accomplished on a co-operative basis for the mutual benefit of those in their field of membership.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $34.2M | $4.6M |
| InvestmentsLn 11–13 | $3.9M | $34.3M |
| Land, buildings, equipmentLn 10c | $1.8M | $1.7M |
| Total assetsLn 16 | $90.3M | $92.2M |
| LiabilitiesLn 26 | $78.8M | $80.2M |
| Net assetsLn 32 | $11.4M | $12.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $1.1M | $1.1M | ||
| Pension plan contributionsLn 8 | $95K | $95K | ||
| Other employee benefitsLn 9 | $101K | $101K | ||
| Payroll taxesLn 10 | $88K | $88K | ||
| Investment management feesLn 11f | $7K | $7K | ||
| Other fees for servicesLn 11g | $311K | $311K | ||
| Advertising and promotionLn 12 | $81K | $81K | ||
| Office expensesLn 13 | $375K | $375K | ||
| Information technologyLn 14 | $60K | $60K | ||
| OccupancyLn 16 | $283K | $283K | ||
| TravelLn 17 | $28K | $28K | ||
| Conferences, conventions and meetingsLn 19 | $7K | $7K | ||
| InterestLn 20 | $1K | $1K | ||
| Depreciation, depletion and amortizationLn 22 | $121K | $121K | ||
| InsuranceLn 23 | $31K | $31K | ||
| Other expenses (24a–d)Ln 24 | $1.3M | $1.3M | ||
| All other expensesLn 24e | $34K | $34K | ||
| Total functional expensesLn 25 | $4.0M | $4.0M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $4.5M | $4.0M | $541K | $12.0M | 990 PDF |
| FY2023 | $3.9M | $3.4M | $476K | $11.4M | 990 PDF |
| FY2022 | $3.7M | $2.9M | $828K | $11.0M | 990 PDF |
| FY2021 | $3.2M | $2.6M | $560K | $10.1M | 990 PDF |
| FY2020 | $3.1M | $2.8M | $336K | $9.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $4,537,436 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $4,537,436 across 3 lines filed
Part IX · Statement of functional expenses $3,996,107 across 17 lines filed
Part X · Balance sheet $92,188,560 assets, 12 lines filed
Part XI · Reconciliation of net assets $11,969,987 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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