TY 2019 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) John Crossley......................................................................
Director

0.25
.................
0

(2) Kevin Rismiller......................................................................
Director

0.25
.................
0

(3) John Strawser......................................................................
Director

0.25
.................
0

(4) Douglas Flanery......................................................................
Board President

0.25
.................
0

(5) James Schaar......................................................................
Vice President

0.25
.................
0

(6) Sondra White......................................................................
Secretary

0.25
.................
0

(7) Brenda Ballengee......................................................................
Treasurer

0.25
.................
0

(8) G Lynne Myers......................................................................
Accounting Mgr

36
.................
0

37,610

(9) Tina Brooks......................................................................
CEO

40
.................
0

51,114

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	16,950,116
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

Return Reference	Explanation
Schedule D, Part X, Line 2	Member Savings Accounts

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

635 MEMBERS CHOICE CREDIT UNION INC

Employer identification number

34-0571968

Return Reference	Explanation
Form 990, Part VI, Section A, Line 6	The credit union is comprised of a single class of approximately 3273 member-owners, each of which has equal rights of ownership, governance, and voting rights at the annual meeting, with exception of the member-owners who are elected to the Board of Directors.
Form 990, Part VI, Section A, Line 7a	The member-owners of the credit union have authority to elect members of the Board of Directors for three year terms on a rotating basis. Candidates are elected by a simple majority vote. The Board of Directors appoint volunteers to serve on the Audit Committee, which is vested with monitoring safety and soundness of the organization. If deemed appropriate the Audit Committee can suspend Board members, and call a special meeting of the members to evaluate the issue and vote to either dismiss or reinstate the Board member.
Form 990, Part VI, Section A, Line 7b	Changes to the governing documents (by-laws) must be approved by the member-owners after laws have been approved by the Board of Directors. The regulatory agency approval occurs when at least 50% of the member-owners vote to approve.
Form 990, Part VI, Section B, Line 11b	A copy of the 990 and related schedules are review by the Board of Directors, including accuracy of every answer, and oversight of appropriate changes. Upon completion of the review by the Board of Directors, it is voted on at a board of Directors meeting prior to submitting to the IRS
Form 990, Part VI, Section B, Line 12c	Each Director and Key employee is required to fill out a conflict of interest form related to loans, business relationships, and family members that could or do create a conflict of interest. These are summarized and maintained in a document present at each board meeting. Conflict of interest is determined by a review of the potential conflict by the CEO and Board of Directors. If a conflict exits, the conflicted board member or officer is excluded from discussion votes related to any potential or existing relationships involving the conflict of interest. If it has been determined that a conflict of interest was intentionally hidden by the board member, that situation would be investigated by the Audit Committee and Board members would be suspended and subject to dismissal at a special meeting of all member-owners. Additionally the remaining Board members and officers will review, for fairness, all past transactions involving the conflict of interest. If a transaction appears to lack arm length, either to the detriment of the credit union or the unfair advantage of the Board members, then all legal remedies will be considered.
Form 990, Part VI, Section B, Line 15	The process used to set the CEO's annual salary is a comparison to comparable sized Credit Unions through CUNA's annual compensation survey, internet research, board review, and than approve. The process is done each year.
Form 990, Part VI, Section C, Line 19	The credit union by-laws, conflict of interest policy, and financial statements are available to the public by appointment at the credit union office.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:	19009572
Software Version:	v1.00

1	Briefly describe the organization’s mission or most significant activities: The credit union provides services to qualified members
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	7
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	10
6	Total number of volunteers (estimate if necessary) .............	6	12
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	7,785
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	859

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	679,136	706,817
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	180,816	264,466
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	3,239	3,350
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	863,191	974,633
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	35,414	42,288
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	323,651	260,194
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	274,366	253,859
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	633,431	556,341
19	Revenue less expenses. Subtract line 18 from line 12.......	229,760	418,292
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	22,049,445	21,678,772
21	Total liabilities (Part X, line 26).............	17,830,544	17,041,579
22	Net assets or fund balances. Subtract line 21 from line 20.....	4,218,901	4,637,193

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 556,341 including grants of $ ) (Revenue $ 966,848 )
	To provide lending, savings, and other financial services to it's qualifying members at terms generally better than available in the marketplace and with "service based emphasis" that recognizes the members status "as owners"

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0 )
4e	Total program service expenses556,341

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	88,724	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a	0
b	Membership dues..		1b	0
c	Fundraising events..		1c	0
d	Related organizations		1d	0
e	Government grants (contributions)		1e	0

f	All other contributions, gifts, grants, and similar amounts not included above		1f	0

g	Noncash contributions included in lines 1a - 1f:$		1g	0

h Total. Add lines 1a-1f.......		0

		Business Code
2a	Loan Interest	522291	535,672	535,672	0	0
b	Fee Income	522110	109,291	109,291	0	0
c	Other	522130	61,854	57,419	4,435	0
d
e
f	All other program service revenue.		0	0	0	0
g	Total. Add lines 2a–2f .....		706,817

3 Investment income (including dividends, interest, and othersimilar amounts) ......			264,466	264,466	0	0
4 Income from investment of tax-exempt bond proceeds			0	0	0	0
5 Royalties...........			0	0	0	0
		(ii) Personal	(i) Real
6a	Gross rents	0	4,500	6a
b	Less: rental expenses	0	1,150	6b
c	Rental income or (loss)	0	3,350	6c
d	Net rental income or (loss).......			3,350	0	3,350	0
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	0	0	7a
b	Less: cost or other basis and sales expenses	0	0	7b
c	Gain or (loss)	0	0	7c
d	Net gain or (loss).........			0	0	0	0
8a	Gross income from fundraising events (not including $ 0of contributions reported on line 1c). See Part IV, line 18 ....
			8a	0
b	Less: direct expenses ...		8b	0
c	Net income or (loss) from fundraising events..			0		0	0
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	0
b	Less: direct expenses ...		9b	0
c	Net income or (loss) from gaming activities..			0	0	0	0
10a	Gross sales of inventory, less returns and allowances ..
			10a	0
b	Less: cost of goods sold ..		10b	0
c	Net income or (loss) from sales of inventory..			0	0	0	0
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See instructions.....			974,633	966,848	7,785	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	0	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	0	0
4	Benefits paid to or for members .......	42,288	42,288
5	Compensation of current officers, directors, trustees, and key employees ...........	88,724	88,724	0	0
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0	0	0	0
7	Other salaries and wages........	109,067	109,067	0	0
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	7,738	7,738	0	0
9	Other employee benefits .......	38,604	38,604	0	0
10	Payroll taxes ...........	16,061	16,061	0	0
11	Fees for services (non-employees):
a	Management ......	0	0	0	0
b	Legal .........	0	0	0	0
c	Accounting ...........	1,730	1,730	0	0
d	Lobbying ...........	0	0	0	0
e	Professional fundraising services. See Part IV, line 17	0			0
f	Investment management fees ......	0	0	0	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	10,482	10,482	0	0
12	Advertising and promotion ....	937	937	0	0
13	Office expenses .......	38,298	38,298	0	0
14	Information technology ......	31,533	31,533	0	0
15	Royalties ..	0	0	0	0
16	Occupancy ...........	12,244	12,244	0	0
17	Travel ............	420	420	0	0
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0	0	0	0
19	Conferences, conventions, and meetings ....	1,200	1,200	0	0
20	Interest ...........	0	0	0	0
21	Payments to affiliates .......	350	350	0	0
22	Depreciation, depletion, and amortization ..	10,588	10,588	0	0
23	Insurance ...	18,184	18,184	0	0
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Loan Servicing	23,794	23,794	0	0
b	Processing Fees	96,271	96,271	0	0
c	Supervisory Fee	6,548	6,548	0	0
d	Annual Meeting	1,080	1,080	0	0
e	All other expenses	200	200	0	0
25	Total functional expenses. Add lines 1 through 24e	556,341	556,341	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			166,172	1	178,137
2	Savings and temporary cash investments .........			1,745,262	2	845,707
3	Pledges and grants receivable, net ......			0	3	0
4	Accounts receivable, net .............			821	4	542
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			10,366,943	7	10,882,099
8	Inventories for sale or use ............			0	8	0
9	Prepaid expenses and deferred charges ......			31,534	9	32,271
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	657,886
b	Less: accumulated depreciation	10b	558,760	52,800	10c	99,126
11	Investments—publicly traded securities .			0	11	0
12	Investments—other securities. See Part IV, line 11 .....			9,232,000	12	9,170,000
13	Investments—program-related. See Part IV, line 11 ..			382,066	13	398,492
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			71,847	15	72,398
16	Total assets. Add lines 1 through 15 (must equal line 33)...			22,049,445	16	21,678,772

17	Accounts payable and accrued expenses .....	77,555	17	91,463
18	Grants payable ...	0	18	0
19	Deferred revenue .........	0	19	0
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ..	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	17,752,989	25	16,950,116
26	Total liabilities. Add lines 17 through 25..	17,830,544	26	17,041,579

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	4,218,901	31	4,637,193
32	Total net assets or fund balances ...........	4,218,901	32	4,637,193
33	Total liabilities and net assets/fund balances ........	22,049,445	33	21,678,772

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	0	20,000		20,000
b	Buildings ....	0	340,008	284,607	55,401
c	Leasehold improvements	0	0	0	0
d	Equipment ....	0	228,399	212,803	15,596
e	Other .....	0	69,479	61,350	8,129
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					99,126

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) Certificate of Deposit	9,170,000	C
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	9,170,000