Nonprofit · EIN 59-1319114
MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION
Tax-exempt · PEMBROKE PNES, FL 33028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,449,265 | $4,196,379 | $252,886 | $92,835,598 | $85,878,408 | $6,957,190 |
| December 31, 2024 | 990 | $4,301,042 | $4,077,888 | $223,154 | $89,035,102 | $83,697,562 | $5,337,540 |
| December 31, 2023 | 990 | $2,998,863 | $2,494,018 | $504,845 | $89,416,526 | $84,560,513 | $4,856,013 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,000
- Program service revenue
- $3,338,695
- Investment income
- $1,105,570
- Net gain from sales of assets
- $12,636
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,700
- Compensation of officers, directors and key employees
- $692,747
- Other salaries and wages
- $638,157
- Salaries, compensation and benefits (total)
- $1,735,872
- Professional fundraising fees
- $0
- Legal fees
- $35,189
- Accounting fees
- $163,154
- Travel
- $26,002
- Depreciation
- $38,983
Balance sheet and other
- Total assets, start of year
- $89,035,102
- Total assets, end of year
- $92,835,598
- Total liabilities, end of year
- $85,878,408
- Net assets, end of year
- $6,957,190
- Land, buildings and equipment
- $110,819
- Publicly traded securities
- $33,387,317
- Gross unrelated business income
- $9,900
- Gross receipts
- $7,930,535
- Employees
- 21
- Volunteers
- 11
- Year formed
- 1971
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE GLASSER | CEO Trustee or director, Officer | 40 | $519,215 | $162,520 |
| OSCAR SANCHEZ | SVP LENDING Officer | 40 | $158,895 | $21,119 |
| COLLEEN JONES | VP OF COMPLIANCE Highest-paid employee | 40 | $105,101 | $15,244 |
| ELLEN HOUSMAN | CFO Officer | 40 | $77,574 | $3,424 |
| DIONNE BLACKWOOD | CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| WILLIAM EDELSTEIN | VICE CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| WALTER BUSSELL | TREASURER Trustee or director | 5 | $0 | $0 |
| ED WERNER | SECRETARY Trustee or director | 5 | $0 | $0 |
| DENISE DICESARE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JUDY FRUM | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARGIE VARGAS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARCIA BARTON-RADLIEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE GLASSER | CEO Trustee or director, Officer | 40 | $281,587 | $127,086 |
| OSCAR SANCHEZ | SVP LENDING Officer | 40 | $160,925 | $15,501 |
| ELLEN HOUSMAN | CFO Officer | 40 | $147,827 | $19,035 |
| COLLEEN JONES | VP OF COMPLIANCE Highest-paid employee | 40 | $113,550 | $14,967 |
| DIONNE BLACKWOOD | CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| WILLIAM EDELSTEIN | VICE CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| WALTER NUSSELL | TREASURER Trustee or director | 5 | $0 | $0 |
| ED WARNER | SECRETARY Trustee or director | 5 | $0 | $0 |
| DENISE DICESARE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JUDY FRUM | DIRECTOR Trustee or director | 5 | $0 | $0 |
| WILLIAM WHEATLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LESLIE SCOTT SINGER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DEBORAH LESSARD | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE GLASSER | BOARD MEMBER/MEFCU CEO Trustee or director, Officer | 40 | $203,386 | $92,072 |
| ELLEN HOUSMAN | MEFCU CFO Officer | 40 | $103,014 | $15,212 |
| OSCAR SANCHEZ | MEFCU SVP LENDING Officer | 40 | $78,657 | $9,837 |
| COLLEEN JONES | MEFCU VP Officer | 40 | $74,750 | $9,678 |
| WILLIAM WHEATLEY | BOARD CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| DIONNE BLACKWOOD | BOARD VICE CHAIRPERSON Trustee or director, Officer | 10 | $0 | $0 |
| WALTER BUSSELL | BOARD TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| WILLIAM EDELSTEIN | BOARD SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| EDWARD WERNER | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| LESLIE SINGER | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| DEBORAH LESSARD | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
| DENISE INNES | BOARD MEMBER Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 703 N FLAMINGO RD, PEMBROKE PNES, FL 33028-1006
- Principal officer (990 for 2025)
- GEORGE GLASSER, 3501 JOHNSON STREET, HOLLYWOOD, FL 33021
- Signed the 990
- GEORGE GLASSER, CEO
- Phone
- (954) 265-1003
- Website
- WWW.MEFCU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
THE OBJECTIVE AND PURPOSE OF THIS CREDIT UNION IS A COOPERATIVE NONPROFIT ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSES OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
Program accomplishments
- INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBER FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1319114
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $92,835,598
- Income (IRS master file)
- $7,930,535
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,449,265 | $4,196,379 | $92,835,598 | XML |
| 990 | December 2024 | $4,301,042 | $4,077,888 | $89,035,102 | XML |
| 990 | December 2023 | $2,998,863 | $2,494,018 | $89,416,526 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1319114).
Questions about MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION
- What is the EIN of MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION is 59-1319114.
- Is MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2025.
- Are donations to MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2025 names GEORGE GLASSER.
- Who are the officers and directors of MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 12 people; 4 received compensation from the organization, the highest $519,215 (GEORGE GLASSER, CEO).
- How much revenue does MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,449,265, expenses of $4,196,379 and total assets of $92,835,598 at year end.
Other nonprofits in PEMBROKE PNES
- PMD MINISTRIES INC EIN 45-1241933 · last filed 990 for 2024
- FEDERAL BENEFITS EDUCATIONAL ASSOCIATION INC EIN 84-4729565 · last filed 990-N for 2025
- DIALYSIS VISIONARIES WORKS EIN 82-2297594 · last filed 990-N for 2025
- INTERNATIONAL BROTHERHD OF ELEC WKRS CONTRBTG EMPLYRS H & W FUND EIN 58-6042175 · last filed 990 for 2025
- INSULATORS AND ALLIED WORKERS NATIONAL MEDICAL FUND EIN 52-6038498 · last filed 990 for 2025
- ATLANTA PLUMBERS AND STEAMFITTERS EIN 58-0625978 · last filed 990 for 2024
- UFCW LOCAL 1000 & KROGER DALLAS H&W EIN 31-1586967 · last filed 990 for 2025
- BOARD OF TRUSTEES SOUTH FLORIDA HOTEL & CULINARY EMPLOYEES WELFARE EIN 59-2031804 · last filed 990 for 2024
All nonprofits in PEMBROKE PNES · Florida · Public and societal benefit