NonprofitsMunicipal Employees Credit Union Of Baltimore Inc

Municipal Employees Credit Union Of Baltimore Inc

BALTIMORE, MD

Total revenue

$77.7M

Total expenses

$75.4M

Net assets

$127.9M

Grants received

EIN

520284053

Tax year

2024

Mission

Mecu is a credit union which provides a full array of financial services to its member owners.

Programs

2 programs

Mecu provides deposit products and services to consumer and business members. These deposit products include savings, checking, money market, certificates of deposit, and individual retirement accounts. As of december 31, 2024, mecu had aggregate deposit balances that approximated $1,045,819,000. Mecu's deposit rates continue to be some of the most competitive rates offered by federally insured financial institutions.

Mecu is committed to member financial education. Some of the programs that mecu provides include discounted mortgage rates through first-time homebuyer's programs and buy in baltimore loans, homebuyer's workshops, credit repair workshops, basics of money management, new employee /pre-retirement workshops, and free 1-1 coaching/credit counseling services for all members.

Financials

FY 2024

Revenue

Contributions & grants$1.2M
Program service revenue$68.6M
Investment income$8.0M
Other revenue
Total revenue$77.7M

Expenses

Grants paid$155K
Salaries & benefits$28.4M
Fundraising
Other expenses$46.8M
Total expenses$75.4M
Total assets$1.3B
Net assets$127.9M

People

21 listed

NameRoleCompensation

JOHN HAMILTON

PRESIDENT AND CEO

Board

$871K

45 hrs/wk

ADRIAN JOHNSON

SVP/CFO

Board

$314K

45 hrs/wk

G LOUISE GREEN

TREASURER

Board

$26K

2 hrs/wk

DEBORAH MOORE-CARTER

SECRETARY

Board

$24K

2 hrs/wk

ROMAN CLARK SR

CHAIRPERSON

Board

$23K

2 hrs/wk

GARY MCLHINNEY

VICE CHAIRPERSON

Board

$20K

2 hrs/wk

BENJAMIN MELI JR

BOARD MEMBER

Board

$16K

2 hrs/wk

ERNEST GLINKA

BOARD MEMBER

Board

$12K

1.5 hrs/wk

NICOLE HARRELL

BOARD MEMBER

Board

$11K

1.5 hrs/wk

KARA KING-BESS

BOARD MEMBER

Board

$10K

1.5 hrs/wk

LORRETTA JOHNSON

BOARD MEMBER

Board

$7K

1.5 hrs/wk

KATHY SHELTON

SVP AND COO

Staff

$265K

45 hrs/wk

DENISE JONES-FRASIER

CHIEF OF STAFF SVP

Staff

$248K

45 hrs/wk

MAYNARD HURD

VP LENDING

Staff

$222K

45 hrs/wk

MARY JO TAYLOR

VP CHIEF COMMERCIAL LENDING OFFICER

Staff

$222K

45 hrs/wk

MICHELLE WILLIAMS

SVP HUMAN RESOURCES & ADMIN

Staff

$206K

45 hrs/wk

JEAN TYLER

VP ACCOUNTING/CONTROLLER

Staff

$202K

45 hrs/wk

TIMOTHY ROZALSKI

VP OF MARKETING

Staff

$201K

45 hrs/wk

DONTE LEGGETTE

VP OF IT SERVICES

Staff

$187K

45 hrs/wk

NINA SPENCER

VP RETAIL DELIVERY

Staff

$185K

45 hrs/wk

PATRICIA HANSEL

VP OPERATIONS

Staff

$168K

45 hrs/wk

Independent contractors

VELERAPSCU

CARD PROCESSOR

$3.0M

FISERV

CORE SYSTEM

$2.4M

ONE SOUTH STREET LLC

LEASE FOR 1 SOUTH STREET

$1.7M

CARDTRONICS USA INC

DEBIT/CREDIT CARD PROCESSING

$1.0M

NCR VOYIX CORPORATION

ATM OPERATIONAL SUPPORT AND MONITORING

$980K

Details

EIN520284053
Subsection14
Ruling date1998-03
Formed1936
Employees393
Volunteers0
MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC — Mission, Financials & Grants Received | Grantivo