Meritrust Credit Union

Organization 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fiserv
Dns/software
$912,500
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
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

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
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$61,355,535
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True Sky Credit Union
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$31,459,192
Oklahoma Central Credit Union
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$29,411,171
Oklahomas Credit Union
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$32,680,789

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