Meritrust Credit Union

Meritrust Credit Union Overview

Meritrust Credit Union is located in Wichita, KS. The organization was established in 1979. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2018, Meritrust Credit Union employed 413 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meritrust Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2018, Meritrust Credit Union generated $75.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $71.0m during the year ending 12/2018. While expenses have increased by 6.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

MERITRUST CREDIT UNION PROVIDES FINANCIAL SERVICES WHILE MAINTAINING THE HIGHEST ETHICAL STANDARDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBER'S FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.


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Meritrust Credit Union Board, Officers & Key Employees

Meritrust Credit Union Vendors

Vendor Name (Service)Compensation
Hutton Construction
Construction
$4,262,448
Ncr Corp
Online & Mobile Banking
$3,665,464
Alexander Open Systems
Network Storage
$993,086
Route 66 Warranty
Extended Warranties
$2,463,442
Fiserv
Dns/software
$912,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$68,508,680
Investment income $4,284,177
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$34,341
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $75,229,939

Meritrust Credit Union Peer Organizations

Organization NameAssets
Elevations Credit Union
Boulder, CO
$149,375,954
Ttcu Federal Credit Union
Tulsa, OK
$107,654,707
Meritrust Credit Union
Wichita, KS
$75,229,939
Westerra Credit Union
Denver, CO
$71,471,009
Credit Union Of America
Wichita, KS
$61,355,535
Credit Unions Chartered In The State Of Colorado
Boulder, CO
$60,792,013
Weokie Federal Credit Union
Oklahoma City, OK
$42,986,888
Golden Plains Credit Union
Garden City, KS
$39,065,233
Credit Union Of Denver
Lakewood, CO
$40,489,630
True Sky Credit Union
Oklahoma City, OK
$31,459,192
Oklahoma Central Credit Union
Tulsa, OK
$29,411,171
Oklahomas Credit Union
Oklahoma City, OK
$32,680,789

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