Members Choice Financial Credit Union
Nonprofit profile at a glance
- EIN
- 240823199
- IRS 990 coverage
- 2015–2020
- Forms available
- Form 990 2020
- Location
- Danville, PA, USA
- Phone
- 5702756155
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $7,482,196
- Expenses
- $6,250,676
- Assets
- $183,106,209
- Liabilities
- $166,725,625
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JAMES M BARBARICH (CEO)
Highest reported compensation
- JAMES M BARBARICH (CEO): $233,206 total reported compensation
- JEAN D MILLER (CFO): $122,951 total reported compensation
- ELBA ARENAS (CHIEF MEMBER EXPERIENCE OF): $106,895 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our credit union is a member owned not for profit financial cooperative with the mission of promoting thrift and providing access to credit. Specifically we have underserved designations within our charter to extend our services to the underbanked.
What it reported doing in 2020
To provide low interest loans and financial products to more than 13,000 members.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 95
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.5%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 29.29; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 9.1%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: -150% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $233K · 11 people listed · 3 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 6 filing years from 2015 to 2020
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.