MemberSource Credit Union

Address
10100 Richmond Ave
Houston, TX 77042
Contact
Website: http://membersourcecu.org
Phone: +1 (713) 627-4000
Nonprofit
NTEE: W61 - Credit Unions
EIN: 74-1383158

Mission

MemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.
 20172016201520142013
Basic features of the organization
Year of formation2000
Subsection code14
PF filing required0    
Metropolitan statistical area3362
Form of organization
Other form of orgTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers1212101010
Number of highly compensated contractors11111
Personnel
Baskin, Gay
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personGay BaskinGay BaskinGay BaskinGay BaskinGay Baskin
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Berry, Dave
Title  DirectorDirectorDirector
Name of key/compensated person  Dave BerryDave BerryDave Berry
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  0.000.000.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  0.000.000.00
Berry, David
TitleDirectorDirector   
Name of key/compensated personDavid BerryDavid Berry   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.000.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs0.000.00   
Bretches, Clay
Title    Director
Name of key/compensated person    Clay Bretches
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Brink, Kelly
TitleVP-AdminVP-AdminVP-AdminVP-AdminVP-Admin
Name of key/compensated personKelly BrinkKelly BrinkKelly BrinkKelly BrinkKelly Brink
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Davis, Leon
TitleCFOCFOCFOCFO 
Name of key/compensated personLeon DavisLeon DavisLeon DavisLeon Davis 
Position of compensated person
Average hours per week working for org40.0040.0040.0040.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Fisher, Diana
TitleVP-Mktg & DevVP-Mktg & DevVP-Mktg & DevVP-Mktg & DevVP-Mktg & Dev
Name of key/compensated personDiana FisherDiana FisherDiana FisherDiana FisherDiana Fisher
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Fouts, Martha
Title   SR VP/CFOSR VP/CFO
Name of key/compensated person   Martha FoutsMartha Fouts
Position of compensated person
Average hours per week working for org   40.0040.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Garrett, Melinda
Title DirectorDirectorDirectorDirector
Name of key/compensated person Melinda GarrettMelinda GarrettMelinda GarrettMelinda Garrett
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 0.000.000.000.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.000.000.000.00
Gibson, Patrick
TitleDirector    
Name of key/compensated personPatrick Gibson    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Hallmark, Charles
Title   VP-LendingVP-Lending
Name of key/compensated person   Charles HallmarkCharles Hallmark
Position of compensated person
Average hours per week working for org   40.0040.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   0.000.00
Harrington, Kenny
TitlePresident/CEOPresident/CEOPresident/CEOPresident/CEOPresident/CEO
Name of key/compensated personKenny HarringtonKenny HarringtonKenny HarringtonKenny HarringtonKenny Harrington
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Hildenbrand, Joseph
TitleTreasurerTreasurerTreasurerTreasurerTreasurer
Name of key/compensated personJoseph F HildenbrandJoseph F HildenbrandJoseph F HildenbrandJoseph F HildenbrandJoseph F Hildenbrand
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Patton, Richard
TitleChairmanChairmanChairmanChairmanChairman
Name of key/compensated personRichard PattonRichard PattonRichard PattonRichard PattonRichard Patton
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Peper, Cheri
TitleSecretarySecretarySecretarySecretarySecretary
Name of key/compensated personCheri PeperCheri PeperCheri PeperCheri PeperCheri Peper
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Phelps, Bobbi
TitleVP-Branch OpVP-Branch OpVP-Branch OpVP-Branch OpVP-Branch Op
Name of key/compensated personBobbi PhelpsBobbi PhelpsBobbi PhelpsBobbi PhelpsBobbi Phelps
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Phelps, Samuel
TitleVP-ITVP-ITVP-ITVP-ITVP-IT
Name of key/compensated personSamuel PhelpsSamuel PhelpsSamuel PhelpsSamuel PhelpsSamuel Phelps
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Richardson, Arthur
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personArthur RichardsonArthur RichardsonArthur RichardsonArthur RichardsonArthur Richardson
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Smith, Jeremy
TitleDirectorDirectorDirectorDirector 
Name of key/compensated personJeremy SmithJeremy SmithJeremy SmithJeremy Smith 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.000.000.000.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0.000.000.000.00 
Tarver, Ellen
TitleVice ChairmanVice ChairmanVice ChairmanVice ChairmanVice Chairman
Name of key/compensated personEllen TarverEllen TarverEllen TarverEllen TarverEllen Tarver
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesMemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.MemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.MemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.MemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.MemberSource Credit Union will consistently meet members' needs by providing personal quality service in a professional environment through motivated employees.
Program service expenses, total$1,805,949.00$1,745,978.00$1,509,271.00$1,677,351.00$1,503,949.00
Programs, including revenue & expenses
Consumer Loans - 11,596 Loans totaling $105,907,639.
Program expenses$1,177,642.00$1,122,335.00$889,166.00$954,678.00$561,490.00
Program revenue$4,305,883.00$3,850,581.00$4,178,666.00$4,547,803.00$3,696,316.00
Program descriptionConsumer Loans - 11,596 Loans totaling $105,907,639.Consumer Loans - 10,843 Loans totaling $89,412,496.Consumer Loans - 10,185 Loans totaling $72,191,813Consumer Loans - 10,044 Loans totaling $65,544,441Consumer Loans - 10,673 Loans totaling $61,765,771
Real Estate/ Mortgage Loans - 502 Loans totaling $35,028,055
Program expenses$30,409.00$32,690.00$39,393.00$45,017.00$46,034.00
Program revenue$1,540,815.00$1,336,035.00$1,338,369.00$1,637,881.00$1,535,648.00
Program descriptionReal Estate/ Mortgage Loans - 502 Loans totaling $35,028,055Real Estate/ Mortgage Loans - 485 Loans totaling $33,105,183Real Estate/ Mortgage Loans - 438 Loans totaling $27,900,153Real Estate/ Mortgage Loans - 512 Loans totaling $32,310,241Real Estate/ Mortgage Loans - 506 Loans totaling $33,074,061
Savings, CDs, Checking & IRAs - 27,792 Accounts totaling $180,283,112.
Program expenses$597,898.00$590,953.00$580,712.00$677,656.00$896,425.00
Program revenue$1,700,156.00$1,788,923.00$1,906,651.00$1,719,514.00$1,913,456.00
Program descriptionSavings, CDs, Checking & IRAs - 27,792 Accounts totaling $180,283,112.Savings, CDs, Checking & IRAs - 27,792 Accounts totaling $180,283,112.Savings, CDs, Checking & IRAs - 27,727 Accounts totaling $176,873,793.Savings, CDs, Checking & IRAs - 28,184 Accounts totaling $175,582,167Savings, CDs, Checking & IRAs - 28,160 Accounts totaling $174,347,896
Financial data
Revenue
Total revenue$9,469,798.00$9,244,888.00$8,922,193.00$9,359,335.00$9,178,453.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$818,027.00$974,727.00$979,063.00$1,016,710.00$1,026,366.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$162,528.00$127,608.00$118,650.00$131,020.00$156,654.00
Other revenue, current yr$766,452.00$809,165.00$626,252.00$655,519.00$612,211.00
Net unrelated business taxable revenue-$25,638.00-$59,633.00-$131,819.00-$112,166.00-$119,292.00
Program service revenue (total)$7,885,319.00$7,460,996.00$7,316,878.00$7,687,106.00$7,539,876.00
Gross receipts$9,469,798.00$9,244,888.00$8,922,193.00$9,359,335.00$9,178,453.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$766,452.00$809,165.00$626,252.00$655,519.00$612,211.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$818,027.00$974,727.00$979,063.00$1,016,710.00$1,026,366.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$8,900,808.00$8,928,484.00$8,649,785.00$8,891,910.00$8,807,616.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$0.00$6,679.00$10,172.00$15,002.00$16,348.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$4,024,889.00$3,970,872.00$3,882,800.00$3,867,010.00$4,052,231.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$202,507,167.00$197,366,922.00$193,534,237.00$191,878,745.00$189,961,473.00
Total assets, beginning of year$197,366,922.00$193,534,237.00$191,878,745.00$189,961,473.00$188,907,873.00
Total liabilities$186,394,209.00$181,747,096.00$178,410,867.00$176,976,064.00$175,964,090.00
Total liabilities, beginning of year$181,747,096.00$178,410,867.00$176,976,064.00$175,964,090.00$174,240,024.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Net assets$16,112,958.00$15,619,826.00$15,123,370.00$14,902,681.00$13,997,383.00
Net assets, beginning of year$15,619,826.00$15,123,370.00$14,902,681.00$13,997,383.00$14,667,849.00
Other liabilities$185,276,561.00$180,858,224.00$177,445,940.00$176,185,510.00$174,729,981.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$4,561,321.00$2,405,266.00$2,390,835.00$2,418,867.00$4,432,709.00
Investments: other securities$45,413,834.00$57,095,007.00$75,038,684.00$66,569,268.00$77,053,330.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00$0.00
Cash: non-interest bearing$1,732,630.00$1,805,058.00$2,000,099.00$1,663,776.00$1,164,677.00
Cash: non-interest bearing, beginning of year$1,805,058.00$2,000,099.00$1,663,776.00$1,164,677.00$4,471,697.00
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses$568,990.00$316,404.00$272,408.00$467,425.00$370,837.00
Advertising (total)$0.00$152,726.00$198,058.00$211,295.00$223,801.00
Savings & temp cash investment$3,322,543.00$6,135,225.00$5,361,227.00$16,043,939.00$4,703,231.00
Accounts receivable, net$578,219.00$357,971.00$2,170,716.00$557,854.00$641,483.00
Prepaid expenses & deferred charges$225,185.00$268,022.00$350,073.00$336,571.00$345,044.00
Accounts payable & accrued expenses$1,117,648.00$888,872.00$964,927.00$790,554.00$1,234,109.00
Total net assets or fund balances$16,112,958.00$15,619,826.00$15,123,370.00$14,902,681.00$13,997,383.00
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members99999
Number of independent voting members99999
Financial sheets auditedTrueTrueTrueTrueTrue
Relationships among key personnelTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Has local chaptersTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-262017-10-132016-12-092015-09-102014-10-24
IRS schema version2017v2.22016v3.02015v2.02014v5.02013v3.1
Filing identifier201812119349300846201702139349300310201612079349300336201532169349301503201411909349300526
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