Montana Educators Credit Union

Organization Overview

Montana Educators Credit Union is located in Missoula, MT. As of 12/2022, Montana Educators Credit Union employed 6 individuals. Montana Educators 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 12/2022, Montana Educators Credit Union generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $898.3k during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

CONSUMER (MEMBER) FINANCIAL SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2022 THE CREDIT UNION SERVED OVER 1400 MEMBERS WITH A WIDE VARIETY OF FINANCIAL SERVICES. AT YEAR-END THERE WERE $23.6 MILLION IN SAVINGS ACCOUNTS AND $18.6 MILLION IN LOANS OUTSTANDING. ADDITIONAL SERVICES PROVIDED INCLUDE FINANCIAL EDUCATION AND NEWSLETTERS.


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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$982,512
Investment income $68,949
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $8,333
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,059,794

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