Nonprofit · EIN 75-6029878
MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION
Tax-exempt · MIDLAND, TX 79702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $631,146 | $524,042 | $107,104 | $17,102,358 | $14,605,629 | $2,496,729 |
| December 31, 2024 | 990 | $515,575 | $495,397 | $20,178 | $17,386,193 | $14,996,568 | $2,389,625 |
| December 31, 2023 | 990 | $457,807 | $425,549 | $32,258 | $17,380,245 | $15,010,798 | $2,369,447 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $268,995
- Investment income
- $362,151
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $98,319
- Other salaries and wages
- $58,093
- Salaries, compensation and benefits (total)
- $228,772
- Professional fundraising fees
- $0
- Accounting fees
- $8,303
- Occupancy
- $1,515
- Travel
- $3,340
- Depreciation
- $2,008
- Program services (functional)
- $524,042
Balance sheet and other
- Total assets, start of year
- $17,386,193
- Total assets, end of year
- $17,102,358
- Total liabilities, end of year
- $14,605,629
- Net assets, end of year
- $2,496,729
- Land, buildings and equipment
- $4,704
- Gross receipts
- $631,146
- Employees
- 2
- Volunteers
- 6
- Year formed
- 1953
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amber Pearce | Manager, CEO Key employee, Highest-paid employee | 40 | $98,319 |
| Michael Cota | Chairman Trustee or director, Officer | 1 | $0 |
| Chane Blandford | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Wanda Valles | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Charles Harrington | Board of Directors Trustee or director | 1 | $0 |
| Rick Brown | Board of Directors Trustee or director | 1 | $0 |
| Peggy Taylor | Board of Directors Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amber Pearce | Manager, CEO Key employee, Highest-paid employee | 40 | $93,812 |
| Michael Cota | Chairman Trustee or director, Officer | 1 | $0 |
| Chane Blandford | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Wanda Valles | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Charles Harrington | Board of Directors Trustee or director | 1 | $0 |
| Rick Brown | Board of Directors Trustee or director | 1 | $0 |
| Peggy Taylor | Board of Directors Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amber Pearce | Manager, CEO Key employee, Highest-paid employee | 40 | $86,291 |
| Michael Cota | Chairman Trustee or director, Officer | 1 | $0 |
| Chane Blandford | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Wanda Valles | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Charles Harrington | Board of Directors Trustee or director | 1 | $0 |
| Rick Brown | Board of Directors Trustee or director | 1 | $0 |
| Peggy Taylor | Board of Directors Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1152, MIDLAND, TX 79702-1152
- Principal officer (990 for 2025)
- Michael Cota, PO Box 1152, Midland, TX 79702
- Signed the 990
- Michael Cota, President
- Phone
- (432) 685-7933
- Return prepared by
- Greg R Schmidt CPA
Mission
A state chartered credit union, which provides financial services to its members.
Program accomplishments
- Loans: Credit Union provides consumer loans of all types.
- Share Savings Accounts: Credit Union offers savings accounts which pay dividends monthly.
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
- 75-6029878
- 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
- Group exemption
- 2742: CREDIT UNION DEPARTMENT OF THE STATE OF TEXAS
- Assets (IRS master file)
- $17,102,358
- Income (IRS master file)
- $631,146
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $631,146 | $524,042 | $17,102,358 | IRS |
| 990 | December 2024 | $515,575 | $495,397 | $17,386,193 | IRS |
| 990 | December 2023 | $457,807 | $425,549 | $17,380,245 | XML |
| 990 | December 2022 | $436,984 | $347,476 | $19,028,962 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 75-6029878).
Questions about MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION
- What is the EIN of MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION is 75-6029878.
- Is MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1976.
- Are donations to MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MIDLAND MUNICIPAL EMPLOYEES 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 MIDLAND MUNICIPAL EMPLOYEES 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 MIDLAND MUNICIPAL EMPLOYEES 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 MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Michael Cota.
- Who are the officers and directors of MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $98,319 (Amber Pearce, Manager, CEO).
- How much revenue does MIDLAND MUNICIPAL EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $631,146, expenses of $524,042 and total assets of $17,102,358 at year end.
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