Mtcu
Nonprofit profile at a glance
- EIN
- 751100957
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Midland, TX, USA
- Phone
- 4326887300
- Rating confidence
- Limited
Reported finances
- Revenue
- $9,285,996
- Expenses
- $8,145,824
- Assets
- $135,039,249
- Liabilities
- $123,035,860
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JUSTIN MARLER (PRESIDENT)
- CESAR TARIN (VICE PRESIDENT OF LENDING)
Highest reported compensation
- JUSTIN MARLER (PRESIDENT): $233,690 total reported compensation
- CESAR TARIN (VICE PRESIDENT OF LENDING): $171,811 total reported compensation
- ESTRELLA AGUILAR (CFO): $128,876 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mtcu is a cooperative thrift institution and is a member of the national credit union association insurance fund. Mtcu is regulated by the state of Texas credit union department as well as the national credit union administration. Mtcu offers products and services in four primary areas: share & checking accounts, consumer loans, and real estate loans. Mtcu is dedicated to providing personal, courteous, and professional service in an efficient and caring manner and to meeting the diverse needs of the member-owners through sound management practices.
What it reported doing in 2024
Consumer loans: mtcu has provided vehicle loans since its first year of business. The consumer loan product line now includes efficient underwriting and flexible offerings for recreational vehicles, boats, and motorcycles. Consumer life and disability insurance is available on any of these loan types. Mtcu offers personal loans, home equity loans, mortgage loans, and credit cards. As of december 31, 2024, mtcu had 4,246 total loans with a balance of $80,240,432.02
Operating model
- Revenue model
- Earned-program. 87% 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: 77
- Sustainability: 65
- 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; 63rd 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: Missing
- Compensation survey or study: Pass
- 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; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.3%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 16.58; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 7.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 26th 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 · 4 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $234K · 11 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $123K reported
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- 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.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.