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State Chartered Credit Unions In Mississippi

Mutual Credit Union

Organization summary

Type of Nonprofit

Designated as a Corporations organized under acts of Congress, which includes federal credit unions, and serve as instrumentalities of the United States.

Summary charts: organization finances over time

Revenue
$17.5M (2022)

Expenses
$14.4M (2022)

Total Assets
$293M (2022)

Total Liabilities
$275M (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,518,110
Expenses
$14,397,549
Net Income
$3,120,561
Net Assets
$17,748,206
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,443,215
42.5%
Investment Income $2,330,071
13.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$205,344
Net Inventory Sales $0
Other Revenue $7,950,168
45.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,194,058
29.1%
Assets/Debt
Total Assets $292,779,445
Total Liabilities $275,031,239
Net Assets $17,748,206
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $259,101 $0 $0
Jennifer Lynne Mc Millin (Cfo) $126,172 $0 $0
Christy Pecanty (Vp It) $100,706 $0 $0
Charlie Mc Kinnie (Supervisory Committee Chairman) $2,538 $0 $0
James Harper (Supervisory Committee) $1,966 $0 $0
Tonya Acuff (Secretary) $1,224 $0 $0
Billy Bridges (Director) $1,160 $0 $0
Matt Hendrix (Director) $859 $0 $0
Joe Tom (Director) $768 $0 $0
Jerry Dean (Chairman) $0 $0 $0
Leonard Murrell (Vice Chairman) $0 $0 $0
Rick Vessell (Treasurer) $0 $0 $0
Donna Hardy (Director) $0 $0 $0
Jeb Tingle (Director) $0 $0 $0
Ben Luckett (Supervisory Committee) $0 $0 $0
Alicia Bounds (Associate Volunteer) $0 $0 $0
Laura Gullett (Associate Volunteer) $0 $0 $0
Philip Schrader (Associate Volunteer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,982,675
Expenses
$12,410,162
Net Income
$2,572,513
Net Assets
$28,492,032
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,620,490
44.2%
Investment Income $1,440,945
9.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $41,617
0.3%
Net Inventory Sales $0
Other Revenue $6,879,623
45.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,705,394
29.9%
Assets/Debt
Total Assets $302,589,951
Total Liabilities $274,097,919
Net Assets $28,492,032
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $237,030 $0 $0
Jennifer Lynne Mc Millin (Cfo) $130,061 $0 $0
Alice Bell (Vp Lending) $105,533 $0 $0
Christy Pecanty (Vp It) $104,940 $0 $0
Matt Hendrix (Director) $1,759 $0 $0
Jerry Dean (Chairman) $1,658 $0 $0
Tonya Acuff (Secretary) $1,572 $0 $0
James Harper (Supervisory Committee) $1,210 $0 $0
Billy C Bridges (Director) $728 $0 $0
Leonard Murrell (Vice Chairman) $0 $0 $0
Rick Vessell (Treasurer) $0 $0 $0
Donna F Hardy (Director) $0 $0 $0
Joe G Tom (Director) $0 $0 $0
Jeb S Tingle (Director) $0 $0 $0
Charles Mc Kinnie (Supervisory Committee Chairman) $0 $0 $0
Ben Luckett (Supervisory Committee) $0 $0 $0
Laura Gullett (Associate Volunteer) $0 $0 $0
Alicia Bounds (Associate Volunteer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,828,516
Expenses
$11,034,131
Net Income
$1,794,385
Net Assets
$26,157,820
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,108,757
47.6%
Investment Income $1,420,843
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $297,790
2.3%
Net Inventory Sales $0
Other Revenue $5,001,126
39.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,355,463
30.4%
Assets/Debt
Total Assets $262,423,930
Total Liabilities $236,266,110
Net Assets $26,157,820
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $217,137 $0 $0
Jennifer Lynne Mc Millin (Cfo) $131,922 $0 $0
Christy Pecanty (Avp Of It) $105,941 $0 $0
Jerry Dean (Chairman) $0 $0 $0
Leonard Murrell (Vice Chairman) $0 $0 $0
Rick Vessell (Treasurer) $0 $0 $0
Tonya Acuff (Secretary) $0 $0 $0
Billy C Bridges (Director) $0 $0 $0
Donna F Hardy (Director) $0 $0 $0
Joe G Tom (Director) $0 $0 $0
Jeb S Tingle (Director) $0 $0 $0
Matt Hendrix (Director) $0 $0 $0
Charles Mc Kinnie (Supervisory Committee Chairman) $0 $0 $0
Ben Luckett (Supervisory Committee) $0 $0 $0
James Harper (Supervisory Committee) $0 $0 $0
Laura Gullett (Associate Volunteer) $0 $0 $0
Alicia Bounds (Associate Volunteer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,475,534
Expenses
$10,997,314
Net Income
$2,478,220
Net Assets
$23,397,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,882,514
43.7%
Investment Income $2,040,561
15.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $60,459
0.4%
Net Inventory Sales $0
Other Revenue $5,492,000
40.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,189,201
29.0%
Assets/Debt
Total Assets $216,097,839
Total Liabilities $192,700,437
Net Assets $23,397,402
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $190,631 $0 $0
Jerry Dean (Chairman) $1,076 $0 $0
Matt Hendrix (Director) $1,071 $0 $0
Tonya Acuff (Secretary) $1,037 $0 $0
Charles Mc Kinnie (Supervisory Committee Chairman) $945 $0 $0
Billy C Bridges (Director) $889 $0 $0
Joe G Tom (Director) $820 $0 $0
James Harper (Supervisory Committee) $659 $0 $0
Leonard Murrell (Vice Chairman) $0 $0 $0
Rick Vessell (Treasurer) $0 $0 $0
Donna F Hardy (Director) $0 $0 $0
Jeb S Tingle (Director) $0 $0 $0
Ben Luckett (Supervisory Committee) $0 $0 $0
Laura Gullett (Associate Volunteer) $0 $0 $0
Alicia Bounds (Associate Volunteer) $0 $0 $0
Aaron Matthews (Associate Volunteer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,285,315
Expenses
$10,173,590
Net Income
$2,111,725
Net Assets
$20,209,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,321,247
43.3%
Investment Income $1,831,344
14.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$81,188
Net Inventory Sales $0
Other Revenue $5,213,912
42.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,889,565
28.4%
Assets/Debt
Total Assets $206,936,440
Total Liabilities $186,727,101
Net Assets $20,209,339
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $181,858 $0 $0
Charles Mc Kinnie (Supervisory Committee Chairman) $1,284 $0 $0
Tonya Acuff (Secretary) $1,131 $0 $0
Matt Hendrix (Director) $762 $0 $0
Jerry Dean (Chairman) $0 $0 $0
Leonard Murrell (Vice Chairman) $0 $0 $0
Rick Vessell (Treasurer) $0 $0 $0
Billy C Bridges (Director) $0 $0 $0
Donna F Hardy (Director) $0 $0 $0
Joe G Tom (Director) $0 $0 $0
Jeb S Tingle (Director) $0 $0 $0
Ben Luckett (Supervisory Committee) $0 $0 $0
Laura Gullett (Associate Volunteer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,804,566
Expenses
$8,612,593
Net Income
$2,191,973
Net Assets
$18,661,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,734,846
43.8%
Investment Income $1,410,624
13.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$31,319
Net Inventory Sales $0
Other Revenue $4,690,415
43.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,655,963
30.8%
Assets/Debt
Total Assets $203,756,233
Total Liabilities $185,094,704
Net Assets $18,661,529
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $161,067 $0 $0
Billy C Bridges (Director) $5,500 $0 $0
Jerry Dean (Secretary) $1,369 $0 $0
Ty Wamsley (Supervisory Committee) $785 $0 $0
Leonard Murrell (Treasurer) $0 $0 $0
Joe G Tom (Chairman) $0 $0 $0
Tonya Acuff (Director) $0 $0 $0
Donna F Hardy (Vice Chairperson) $0 $0 $0
Rick Vessell (Director) $0 $0 $0
Jeb S Tingle (Director) $0 $0 $0
Charles Mc Kinnie (Supervisory Committee Chairman) $0 $0 $0
Ben Luckett (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,158,017
Expenses
$8,897,373
Net Income
$1,260,644
Net Assets
$16,909,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,572,079
45.0%
Investment Income $1,158,392
11.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $170,132
1.7%
Net Inventory Sales $0
Other Revenue $4,257,414
41.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,624,709
29.5%
Assets/Debt
Total Assets $195,523,167
Total Liabilities $178,613,194
Net Assets $16,909,973
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $151,592 $0 $0
Helen Flowers (Hr) $140,357 $0 $0
Deborah Cooper Banks (Board Member) $1,259 $0 $0
Jerry Dean (Secretary) $1,046 $0 $0
Joe G Tom (Chairman) $1,000 $0 $0
Leonard Murrell (Treasurer) $0 $0 $0
Billy C Bridges (Board Member) $0 $0 $0
Tonya Acuff (Board Member) $0 $0 $0
Donna F Hardy (Vice Chairperson) $0 $0 $0
Rick Vessell (Board Member) $0 $0 $0
Jeb S Tingle (Board Member) $0 $0 $0
Charles Mc Kinnie (Supervisory Committee) $0 $0 $0
Ben Luckett (Supervisory Committee) $0 $0 $0
Ty Wamsley (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,580,560
Expenses
$9,447,713
Net Income
$132,847
Net Assets
$16,079,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,374,310
45.7%
Investment Income $1,065,700
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,140,550
43.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,663,931
28.2%
Assets/Debt
Total Assets $189,425,557
Total Liabilities $173,345,917
Net Assets $16,079,640
Compensation
Key Employees and Officers Compensation Related Other
Michael Mathews (Ceo) $145,532 $0 $0
Helen Flowers (Hr) $112,759 $0 $0
Billy C Bridges (Board Member) $1,471 $0 $0
Jerry Dean (Board Member) $900 $0 $0
Charles Mc Kinnie (Supervisory Committee) $900 $0 $0
Mary Anne Woods (Board Member) $840 $0 $0
Deborah Cooper Banks (Board Member) $703 $0 $0
Leonard Murrell (Board Member) $0 $0 $0
Joe G Tom (Treasurer) $0 $0 $0
Donna F Hardy (Vice Chairperson) $0 $0 $0
T David Lofton (Chairman Of The Board) $0 $0 $0
Jeb S Tingle (Secretary) $0 $0 $0
Lindsay Carruth (Supervisory Committee) $0 $0 $0
Ty Wamsley (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,400,577
Expenses
$9,216,933
Net Income
$183,644
Net Assets
$16,415,870
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,424,347
47.1%
Investment Income $808,080
8.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,168,150
44.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,808,918
30.5%
Assets/Debt
Total Assets $183,008,558
Total Liabilities $166,592,688
Net Assets $16,415,870
Compensation
Key Employees and Officers Compensation Related Other
Charles J Mullins (Ceo) $259,691 $0 $0
Michael Mathews (President) $139,645 $0 $0
Leonard Murrell (Board Member) $0 $0 $0
Joe G Tom (Treasurer) $0 $0 $0
Billy C Bridges (Board Member) $0 $0 $0
Lonnie Boykins (Board Member) $0 $0 $0
Mary Anne Woods (Board Member) $0 $0 $0
Donna F Hardy (Vice Chairperson) $0 $0 $0
T David Lofton (Chairman Of The Board) $0 $0 $0
Jeb S Tingle (Secretary) $0 $0 $0
Deborah Cooper (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,455,148
Expenses
$8,975,030
Net Income
$480,118
Net Assets
$18,294,727
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,892,489
51.7%
Investment Income $579,132
6.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,983,527
42.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,598,290
29.0%
Assets/Debt
Total Assets $174,101,011
Total Liabilities $155,806,284
Net Assets $18,294,727
Compensation
Key Employees and Officers Compensation Related Other
Charles J Mullins (Ceo) $197,395 $0 $0
Michael Mathews (President) $125,662 $0 $0
Leonard Murrell (Board Member) $0 $0 $0
Joe G Tom (Treasurer) $0 $0 $0
Billy C Bridges (Board Member) $0 $0 $0
Lonnie Boykins (Board Member) $0 $0 $0
Mary Anne Woods (Board Member) $0 $0 $0
Bill Waltman (Board Member) $0 $0 $0
Donna F Hardy (Vice Chairperson) $0 $0 $0
T David Lofton (Chairman Of The Board) $0 $0 $0
Jeb S Tingle (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,778,066
Expenses
$7,825,022
Net Income
$953,044
Net Assets
$18,115,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,823,013
54.9%
Investment Income $576,306
6.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,378,747
38.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,474,950
31.6%
Assets/Debt
Total Assets $168,751,727
Total Liabilities $150,636,015
Net Assets $18,115,712

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,751,676
Expenses
$8,017,315
Net Income
$734,361
Net Assets
$17,190,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,719,247
53.9%
Investment Income $655,428
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,377,001
38.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,332,139
29.1%
Assets/Debt
Total Assets $157,578,631
Total Liabilities $140,388,473
Net Assets $17,190,158

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

Fiscal Year Ending Dec.
2006

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.
2005

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.
2004

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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