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MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC
Pub 78
Sign up to claim this org
MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC
Pub 78
Baltimore, MD, US
•
501(c)
•
EIN
52-0284053
•
WWW.MECU.COM
MUNICIPAL EMPLOYEES CREDIT UNION OF BALTIMORE INC
Pub 78
Sign up to claim this org
Baltimore, MD, US
•
501(c)
•
EIN
52-0284053
•
WWW.MECU.COM
Overview
Programs
990s
Income Statement
Balance Sheet
How to Apply
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People
Board & Team
Financials
Financial Trends
Funding
Funders
Grants Received
Grantmaking
Giving Insights
Grantees
Grants Given
Overlap
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Income Statement
Fiscal Year Start:
Jan 1
Revenues in
2024
$77,729,986
Program Services
88%
Investments
10%
Government Grants
2%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in
2024
$75,351,461
Salaries & Benefits
38%
Other
30%
Interest
19%
Offices, Occupancy & IT
8%
Depreciation
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$471,441
$1,188,922
+152%
Fundraising Events
$0
$0
-
Program Services
$63,196,585
$68,554,081
+8%
Membership Dues
$0
$0
-
Investments
$8,355,841
$7,908,466
-5%
Other
$41,164
$78,517
+91%
Total Revenues
$72,065,031
$77,729,986
+8%
Expenses
2023
2024
Change
Grants
$149,957
$154,815
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,272,854
$28,362,348
+0%
Fees to Service Providers
$1,049,217
$1,464,747
+40%
Advertising & Promotion
$600,172
$439,294
-27%
Offices, Occupancy & IT
$6,398,698
$6,201,527
-3%
Interest
$10,652,998
$13,955,483
+31%
Depreciation
$2,390,150
$2,290,169
-4%
Other
$19,513,060
$22,483,078
+15%
Total Expenses
$69,027,106
$75,351,461
+9%
Net income
2023
2024
Change
Net income
+$3,037,925
+$2,378,525
-22%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$69,027,106
$75,351,461
+9%
Income Statement