Members Preferred Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

8 people listed

GREG JOHNSON (PRESIDENT/CEO): $329,534 total reported compensation
JOSHUA JOHNSON (VP OF LENDING): $209,567 total reported compensation
JACQUELINE BEEBE-HOPKINS (VP OF OPERATIONS): $132,771 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

To provide co-operative financial services to members.

The credit union provided co-operative financial services to approximately 4,350 members in 2025.

Revenue model: Earned-program. 88% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- 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

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: 23.3%; rating input score 76; 76th percentile among comparable filings
Total-asset coverage ratio: 13.77; rating input score 91; 91st percentile among comparable filings
Liabilities to assets ratio: 0.79; rating input score 8; 8th percentile among comparable filings
Officer compensation ratio: 15.9%; rating input score 21; 21st percentile among comparable filings

Program expense growth: Limited
Revenue growth: 10% per year; rating input score 100; 66th percentile among comparable filings
Asset growth: 7.7% per year; rating input score 100; 47th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $330K · 8 people listed · 2 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $131K reported
Consistency: 11 of 11 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 16 filing years from 2010 to 2025
Contacts: How to reach this organization
Money network: 3 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.

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: Independent financial-statement audit not reported.
High — Sustainability: Liabilities to assets ratio scored 8/100.
High — Sustainability: Officer compensation ratio scored 21/100.