Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1952.
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
9 people listed on the 990; $133K paid to officers and key staff.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Derrick Rumph | $77,800 | $76,000 | — | — | — |
| Jennifer Ferris | — | — | $74,000 | $75,000 | — |
| Carol Underwood | — | — | — | — | $68,256 |
| Buffy Davis | $54,784 | $53,000 | $50,000 | $50,000 | $48,227 |
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
Offers members loans, savings, and checking accounts.
Questions for Memorial Credit Union
Your first name shows with your question. Memorial Credit Union answers here, for everyone.
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Memorial cu confirms to traditional cu philosophy by assisting members in making wise financial decisions and stable savings decisions
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $246K | $363K |
| InvestmentsLn 11–13 | $2.2M | $2.6M |
| Land, buildings, equipmentLn 10c | $382K | $379K |
| Total assetsLn 16 | $7.0M | $7.1M |
| LiabilitiesLn 26 | $6.0M | $6.1M |
| Net assetsLn 32 | $983K | $986K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $274K | $274K | ||
| Other employee benefitsLn 9 | $11K | $11K | ||
| Payroll taxesLn 10 | $15K | $15K | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Other fees for servicesLn 11g | $688 | $688 | ||
| Office expensesLn 13 | $29K | $29K | ||
| Information technologyLn 14 | $56K | $56K | ||
| OccupancyLn 16 | $17K | $17K | ||
| TravelLn 17 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| InterestLn 20 | $85 | $85 | ||
| Other expenses (24a–d)Ln 24 | $9K | $9K | ||
| Total functional expensesLn 25 | $425K | $425K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $428K | $425K | $3K | $986K | 990 PDF |
| FY2024 | $407K | $436K | −$29K | $983K | 990 PDF |
| FY2023 | $383K | $432K | −$49K | $1.0M | 990 PDF |
| FY2022 | $327K | $428K | −$101K | $1.1M | 990 PDF |
| FY2021 | $316K | $430K | −$114K | $1.1M | 990 PDF |
| FY2020 | $367K | $416K | −$49K | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $428,288 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 3 to look at
Part VIII · Statement of revenue $428,288 across 6 lines filed
Part IX · Statement of functional expenses $425,086 across 12 lines filed
Part X · Balance sheet $7,112,566 assets, 10 lines filed
Part XI · Reconciliation of net assets $985,816 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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