Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 75-1100957

MTCU

Tax-exempt · MIDLAND, TX 79705

Financials

$8.9M$8M2023$9.3M$8.1M2024
Revenue Expenses · by fiscal year end
Financials of MTCU by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,285,996$8,145,824$1,140,172$135,039,249$123,035,860$12,003,389
December 31, 2023990$8,873,097$8,013,158$859,939$138,084,055$127,082,383$11,001,672
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$8,072,539
Investment income
$1,213,457
Net gain from sales of assets
$180
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$362,566
Other salaries and wages
$2,104,662
Salaries, compensation and benefits (total)
$2,875,732
Professional fundraising fees
$0
Legal fees
$2,458
Accounting fees
$38,494
Occupancy
$266,877
Depreciation
$478,376

Balance sheet and other

Total assets, start of year
$138,084,055
Total assets, end of year
$135,039,249
Total liabilities, end of year
$123,035,860
Net assets, end of year
$12,003,389
Land, buildings and equipment
$6,395,571
Gross unrelated business income
$27,781
Gross receipts
$9,285,996
Employees
39
Volunteers
5
Year formed
1955
State of legal domicile
TX

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JUSTIN MARLERPRESIDENT
Officer
40$191,078$42,612
CESAR TARINVICE PRESIDENT OF LENDING
Highest-paid employee
40$138,259$33,552
ESTRELLA AGUILARCFO
Officer
40$115,123$13,753
LORETTA ELLIOTTMORTAGE LENDER
Highest-paid employee
40$104,473$8,301
NANCY ASHLEYBOARD MEMBER
Trustee or director
1$0$0
JON BRENNERBOARD MEMBER
Trustee or director
1$0$0
ARIEL ELLIOTTBOARD MEMBER
Trustee or director
1$0$0
LINDA HANCOCKSECRETARY
Trustee or director, Officer
1$0$0
BETTY MERRITTCHAIR
Trustee or director, Officer
1$0$0
OFELIA PALLANEZVICE CHAIR
Trustee or director, Officer
1$0$0
JAYME TEDDERTREASURER
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
JANA HANEYFORMER PRESIDENT
Officer
40$380,607$63,920
JUSTIN MARLERPRESIDENT
Officer
40$202,753$43,907
BROOKE MARTINFORMER CFO
Officer
40$199,807$15,540
CESAR TARINVICE PRESIDENT OF LENDING
Highest-paid employee
40$152,188$35,841
SUSAN MASTENEXECUTIVE VICE PRESIDENT
Highest-paid employee
40$128,243$30,640
ESTRELLA AGUILARCFO
Officer
40$35,856$1,671
NANCY ASHLEYBOARD MEMBER
Trustee or director
1$0$0
JON BRENNERBOARD MEMBER
Trustee or director
1$0$0
ARIEL ELLIOTTBOARD MEMBER
Trustee or director
1$0$0
LINDA HANCOCKSECRETARY
Trustee or director, Officer
1$0$0
BETTY MERRITTCHAIR
Trustee or director, Officer
1$0$0
OFELIA PALLANEZVICE CHAIR
Trustee or director, Officer
1$0$0
JAYME TEDDERTREASURER
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
4717 N MIDKIFF RD, MIDLAND, TX 79705-2565
Principal officer (990 for 2024)
JUSTIN MARLER, 4717 N MIDKIFF, MIDLAND, TX 79705
Signed the 990
ESTRELLA AGUILAR, CFO
Phone
(432) 688-7300
Return prepared by
RSM US LLP

Mission

MTCU IS A COOPERATIVE THRIFT INSTITUTION AND IS A MEMBER OF THE NATIONAL CREDIT UNION ASSOCIATION INSURANCE FUND. MTCU IS REGULATED BY THE STATE OF TEXAS CREDIT UNION DEPARTMENT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION. MTCU OFFERS PRODUCTS AND SERVICES IN FOUR PRIMARY AREAS: SHARE & CHECKING ACCOUNTS, CONSUMER LOANS, AND REAL ESTATE LOANS. MTCU IS DEDICATED TO PROVIDING PERSONAL, COURTEOUS, AND PROFESSIONAL SERVICE IN AN EFFICIENT AND CARING MANNER AND TO MEETING THE DIVERSE NEEDS OF THE MEMBER-OWNERS THROUGH SOUND MANAGEMENT PRACTICES.

990 for the year ended December 31, 2024

Program accomplishments

  • SHARE ACCOUNTS:MTCU SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MTCU HAD 7,210 MEMBER-OWNED ACCOUNTS ON DECEMBER 31, 2024. MEMBERS' SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THREE BRANCHES, HOME BANKING VIA THE INTERNET OR TELEPHONE, AND ATMS WORLDWIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS.
  • CHECKING ACCOUNTS:MTCU PROVIDES CHECKING ACCOUNTS FOR MEMBERS. MTCU EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, FREE INTERNET ACCESS, FREE BILL PAY, AND FREE TELEPHONE TELLER.
  • CONSUMER LOANS:MTCU HAS PROVIDED VEHICLE LOANS SINCE ITS FIRST YEAR OF BUSINESS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. MTCU OFFERS PERSONAL LOANS, HOME EQUITY LOANS, MORTGAGE LOANS, AND CREDIT CARDS. AS OF DECEMBER 31, 2024, MTCU HAD 4,246 TOTAL LOANS WITH A BALANCE OF $80,240,432.02

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1100957
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$135,039,249
Income (IRS master file)
$9,285,996

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,285,996$8,145,824$135,039,249XML
990December 2023$8,873,097$8,013,158$138,084,055XML
990December 2022$8,352,706$7,438,390$148,244,519IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

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 75-1100957).

Questions about MTCU

What is the EIN of MTCU?
The employer identification number (EIN) of MTCU is 75-1100957.
Is MTCU tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
Are donations to MTCU tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MTCU 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 MTCU due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MTCU last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MTCU?
The 990 for the year ended December 31, 2024 names JUSTIN MARLER.
Who are the officers and directors of MTCU?
The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $191,078 (JUSTIN MARLER, PRESIDENT).
How much revenue does MTCU have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,285,996, expenses of $8,145,824 and total assets of $135,039,249 at year end.

Other nonprofits in MIDLAND

All nonprofits in MIDLAND · Texas