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Mid American Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$26.2M (2023)

Expenses
$24.5M (2023)

Total Assets
$423M (2023)

Total Liabilities
$382M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,249,937
Expenses
$24,516,683
Net Income
$1,733,254
Net Assets
$40,847,020
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,870,777
98.6%
Investment Income $379,160
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,209,412
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $5,399,314
22.0%
Assets/Debt
Total Assets $422,717,258
Total Liabilities $381,870,238
Net Assets $40,847,020
Compensation
Key Employees and Officers Compensation Related Other
Bradley Herzet (President/Ceo) $336,552 $0 $15,151
Kim Wheelock (Svp Cio & Coo) $201,500 $0 $20,428
Gregory Teter (Cfo) $179,362 $0 $16,843
Michael Welli (Vp Marketing) $168,686 $0 $6,404
Milton Balzer (Vp Lending) $168,615 $0 $12,591
Dana Hasenkamp (Vp Hr & Facilities) $163,583 $0 $10,133
Rebecca Bouska (Board Member) $0 $0 $0
John Sherwood (Board Member) $0 $0 $0
Kathy Jewett (Vice Chair) $0 $0 $0
Richard D Dixon (Secretary) $0 $0 $0
Trent Cusick (Chair) $0 $0 $0
Clint Lopez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,689,935
Expenses
$19,831,004
Net Income
$2,858,931
Net Assets
$40,567,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,551,930
99.4%
Investment Income $138,005
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,118,494
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,539,935
22.9%
Assets/Debt
Total Assets $407,860,707
Total Liabilities $367,292,865
Net Assets $40,567,842
Compensation
Key Employees and Officers Compensation Related Other
Bradley Herzet (President/Ceo) $308,007 $0 $21,807
Kim Wheelock (Svp Cio & Coo) $186,033 $0 $19,931
Gregory Teter (Cfo) $172,704 $0 $19,924
Michael Welli (Vp Marketing) $156,035 $0 $5,175
Dana Hasenkamp (Vp Hr & Facilities) $151,833 $0 $6,827
Milton Balzer (Vp Lending) $149,593 $0 $10,791
Rebecca Bouska (Board Member) $0 $0 $0
John Sherwood (Board Member) $0 $0 $0
Kathy Jewett (Vice Chair) $0 $0 $0
Richard D Dixon (Secretary) $0 $0 $0
Trent Cusick (Chair) $0 $0 $0
Clint Lopez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,939,489
Expenses
$18,713,143
Net Income
$4,226,346
Net Assets
$37,708,911
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,476,378
93.6%
Investment Income $1,600,798
7.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$137,687
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,662,645
14.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,095,480
21.9%
Assets/Debt
Total Assets $369,701,114
Total Liabilities $331,992,203
Net Assets $37,708,911
Compensation
Key Employees and Officers Compensation Related Other
Bradley Herzet (President/Ceo) $505,935 $0 $511,880
Kim Wheelock (Svp Cio & Coo) $173,520 $0 $356,648
Gregory Teter (Chief Financial Officer) $166,580 $0 $149,245
Michael Welli (Vp Marketing) $144,589 $0 $244,962
Milton Balzer (Vp Lending) $136,893 $0 $143,903
Dana Hasenkamp (Vp Hr & Facilities) $109,777 $0 $18,713
Rebecca Bouska (Chairman) $0 $0 $0
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard D Dixon (Board Member) $0 $0 $0
Linda Kizzire (Board Member) $0 $0 $0
Trey Cusick (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,440,709
Expenses
$19,502,504
Net Income
$1,938,205
Net Assets
$33,482,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,527,623
95.7%
Investment Income $913,086
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $751,093
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,441,339
22.8%
Assets/Debt
Total Assets $350,793,426
Total Liabilities $317,310,861
Net Assets $33,482,565
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Bradley Herzet (President) $239,875 $0 $57,907
Kim Wheelock (Svp Cio & Coo) $141,740 $0 $42,456
Gregory Teter (Chief Financial Officer) $134,083 $0 $46,986
Michael Welli (Vice President Marketing) $123,112 $0 $29,798
Milton Balzer (Vice President Of Lending) $112,283 $0 $37,539
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard Dixon (Board Member) $0 $0 $0
Linda Kizzire (Board Member) $0 $0 $0
Trey Cusick (Board Member) $0 $0 $0
Becky Allen Bouska (Board Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,687,822
Expenses
$18,687,730
Net Income
$2,000,092
Net Assets
$31,544,360
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,201,199
97.6%
Investment Income $486,623
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $828,234
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,156,213
22.2%
Assets/Debt
Total Assets $315,654,590
Total Liabilities $284,110,230
Net Assets $31,544,360
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Holt (Retired President/Ceo) $1,198,737 $0 $0
Bradley Herzet (President) $304,888 $0 $53,160
Michael Welli (Vice President Marketing) $156,099 $0 $28,459
Kim Wheelock (Svp Cio & Coo) $133,141 $0 $42,273
Gregory Teter (Chief Financial Officer) $126,421 $0 $45,810
Milton Balzer (Vice President Of Lending) $107,685 $0 $33,366
Becky Allen Bouska (Board Chairman) $0 $0 $0
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard Dixon (Board Member) $0 $0 $0
Linda Kizzire (Board Member) $0 $0 $0
Trey Cusick (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,686,555
Expenses
$18,173,106
Net Income
$1,513,449
Net Assets
$29,544,268
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,349,615
98.3%
Investment Income $336,940
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,006,687
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,098,041
22.6%
Assets/Debt
Total Assets $298,491,111
Total Liabilities $268,946,843
Net Assets $29,544,268
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Holt (President/Ceo) $222,658 $0 $5,481
Bradley Herzet (President) $187,249 $0 $58,679
Rodney Calhoun (Vice President Finance And Risk Management) $131,821 $0 $33,374
Kim Wheelock (Svp Cio & Coo) $128,282 $0 $37,821
Gregory Teter (Vice President Finance And Risk Management) $121,356 $0 $29,941
Michael Welli (Vice President Marketing) $112,303 $0 $28,955
Milton Balzer (Vice President Of Lending) $103,018 $0 $31,462
Becky Allen Bouska (Board Chairman) $0 $0 $0
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard Dixon (Board Member) $0 $0 $0
Linda Kizzire (Board Member) $0 $0 $0
Trey Cusick (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,591,662
Expenses
$17,427,005
Net Income
$1,164,657
Net Assets
$28,030,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,170,695
97.7%
Investment Income $420,967
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $828,484
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,039,215
23.2%
Assets/Debt
Total Assets $281,431,242
Total Liabilities $253,400,423
Net Assets $28,030,819

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,706,278
Expenses
$16,524,021
Net Income
$1,182,257
Net Assets
$26,866,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,386,811
98.2%
Investment Income $319,467
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $832,950
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,616,062
21.9%
Assets/Debt
Total Assets $278,635,395
Total Liabilities $251,769,233
Net Assets $26,866,162
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Holt (President/Ceo) $247,356 $0 $40,135
Bradley Herzet (Vice President Member Services) $146,116 $0 $47,251
Rodney Calhoun (Vice President Finance And Risk Management) $125,021 $0 $37,479
Michael Welli (Vice President Marketing) $108,311 $0 $29,356
Kim Wheelock (Vp Information Systems And Remote Servies) $95,373 $0 $33,519
Kristen Spear (Vp Human Resources And Facilities) $74,106 $0 $17,288
Becky Allen Bouska (Board Chairman) $0 $0 $0
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard Dixon (Board Member) $0 $0 $0
Ellen House (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,208,086
Expenses
$14,539,598
Net Income
$1,668,488
Net Assets
$25,035,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,193,446
99.9%
Investment Income $14,640
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $983,729
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,260,334
22.4%
Assets/Debt
Total Assets $269,394,326
Total Liabilities $244,359,236
Net Assets $25,035,090
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Holt (President/Ceo) $235,749 $0 $37,437
Bradley Herzet (Vice President Member Services) $142,886 $0 $44,487
Rodney Calhoun (Vice President Finance And Risk Management) $127,754 $0 $35,000
Kim Wheelock (Vp Information Systems And Remote Servies) $114,082 $0 $29,385
Michael Welli (Vice President Marketing) $107,543 $0 $28,569
Kristen Spear (Vp Human Resources And Facilities) $66,459 $0 $14,281
Becky Allen Bouska (Board Chairman) $0 $0 $0
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard Dixon (Board Member) $0 $0 $0
Ellen House (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,662,982
Expenses
$12,940,568
Net Income
$1,722,414
Net Assets
$21,841,284
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,399,406
98.2%
Investment Income $263,576
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $864,172
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,809,576
21.7%
Assets/Debt
Total Assets $239,146,949
Total Liabilities $217,305,665
Net Assets $21,841,284
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Holt (President/Ceo) $222,466 $0 $65,000
Bradley Herzet (Vice President Member Services) $136,946 $0 $40,000
Rodney Calhoun (Vice President Finance And Risk Management) $121,943 $0 $37,000
Michael Welli (Vice President Marketing) $101,991 $0 $31,000
Kim Wheelock (Vp Information Systems And Remote Servies) $87,308 $0 $26,000
Kristen Spear (Vp Human Resources And Facilities) $54,840 $0 $16,000
Becky Allen Bouska (Board Chairman) $0 $0 $0
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard Dixon (Board Member) $0 $0 $0
Ellen House (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,445,491
Expenses
$11,702,278
Net Income
$1,743,213
Net Assets
$20,118,870
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,156,132
97.8%
Investment Income $289,359
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $539,235
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,824,491
24.1%
Assets/Debt
Total Assets $219,602,523
Total Liabilities $199,483,653
Net Assets $20,118,870
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Holt (President/Ceo) $204,460 $0 $25,302
Bradley Herzet (Vice President Member Services) $125,340 $0 $36,340
Rodney Calhoun (Vice President Finance) $114,493 $0 $18,925
Michael Welli (Vice President Marketing) $94,941 $0 $25,961
Becky Allen Bouska (Board Chairman) $0 $0 $0
John Sherwood (Vice Chairman/Treasurer) $0 $0 $0
Kathy Jewett (Secretary) $0 $0 $0
Richard Dixon (Board Member) $0 $0 $0
Ellen House (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,357,758
Expenses
$9,936,119
Net Income
$2,421,639
Net Assets
$18,375,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,091,618
97.8%
Investment Income $266,140
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $517,625
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,489,709
25.1%
Assets/Debt
Total Assets $196,267,589
Total Liabilities $177,891,932
Net Assets $18,375,657

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,870,778
Expenses
$9,220,062
Net Income
$2,650,716
Net Assets
$15,954,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,736,237
98.9%
Investment Income $134,541
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $475,749
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,223,359
24.1%
Assets/Debt
Total Assets $167,673,283
Total Liabilities $151,719,265
Net Assets $15,954,018

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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