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Mct 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.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$17.7M (2022)

Expenses
$16.2M (2022)

Total Assets
$356M (2022)

Total Liabilities
$329M (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
$17,733,954
Expenses
$16,167,383
Net Income
$1,566,571
Net Assets
$26,668,908
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,058,376
84.9%
Investment Income $1,954,948
11.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $78,563
0.4%
Net Inventory Sales $0
Other Revenue $642,067
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,204,196
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,665,252
28.9%
Assets/Debt
Total Assets $355,819,917
Total Liabilities $329,151,009
Net Assets $26,668,908
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thaddeus Angelle (President/Ceo) $356,559 $0 $165,957
Chad Powell (Evp/Cfo) $208,210 $0 $48,456
Karen Frederick (Coo) $171,497 $0 $75,161
David Fontenot (Clo) $130,809 $0 $47,547
Debra Crew (Vp Real Estate) $123,731 $0 $43,997
Brandy Colunga (Vice President Human Resources) $111,771 $0 $10,924
Michael Frazier (Vp It) $108,278 $0 $37,235
Keith Doucet (Vp Of Business Lending) $105,324 $0 $17,393
Erisa Boneau (Director Of Real Estate) $104,518 $0 $17,471
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0
Dr George Scott (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0
Kimberly Pitts (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,984,837
Expenses
$14,634,518
Net Income
$1,350,319
Net Assets
$31,932,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,085,988
88.1%
Investment Income $1,058,126
6.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $259,543
1.6%
Net Inventory Sales $0
Other Revenue $581,180
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $669,026
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,717,747
32.2%
Assets/Debt
Total Assets $363,107,409
Total Liabilities $331,175,018
Net Assets $31,932,391
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thaddeus Angelle (President/Ceo) $340,322 $0 $98,658
Chad Powell (Evp/Cfo) $189,441 $0 $40,605
David Fontenot (Clo) $189,360 $0 $77,135
Karen Frederick (Coo) $163,323 $0 $43,413
Debra Crew (Vp Real Estate) $116,144 $0 $22,058
Michael Frazier (Vp It) $103,696 $0 $9,380
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0
Dr George Scott (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,531,663
Expenses
$14,415,621
Net Income
$1,116,042
Net Assets
$30,529,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,997,802
90.1%
Investment Income $1,064,779
6.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,302
0.3%
Net Inventory Sales $0
Other Revenue $429,780
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $590,250
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,128,728
28.6%
Assets/Debt
Total Assets $357,012,507
Total Liabilities $326,482,978
Net Assets $30,529,529
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thaddeus Angelle (President/Ceo) $286,228 $0 $106,177
Chad Powell (Evp/Cfo) $165,913 $0 $31,932
David Fontenot (Clo) $155,090 $0 $49,531
Karen Frederick (Coo) $140,219 $0 $70,350
Debra Crew (Vp Real Estate) $107,193 $0 $40,983
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0
Dr George Scott (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,421,061
Expenses
$14,070,079
Net Income
$2,350,982
Net Assets
$30,477,511
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,575,381
88.8%
Investment Income $1,914,291
11.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$72,156
Net Inventory Sales $0
Other Revenue $3,545
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $609,778
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,070,024
28.9%
Assets/Debt
Total Assets $299,976,930
Total Liabilities $269,499,419
Net Assets $30,477,511
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thaddeus Angelle (President/Ceo) $304,352 $0 $98,248
Chad Powell (Evp/Cfo) $168,237 $0 $38,941
David Fontenot (Clo) $165,296 $0 $20,917
Karen Frederick (Coo) $141,421 $0 $47,556
Debra Crew (Vp Real Estate) $107,789 $0 $45,600
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0
Dr George Scott (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,112,684
Expenses
$14,161,193
Net Income
$1,951,491
Net Assets
$27,699,917
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,461,153
89.8%
Investment Income $2,033,546
12.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$382,015
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $866,854
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,955,982
27.9%
Assets/Debt
Total Assets $295,924,955
Total Liabilities $268,225,038
Net Assets $27,699,917
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thad Angelle (President/Ceo) $290,305 $0 $82,478
Mary Fadhli (Executive Vice President) $229,836 $0 $81,137
Chad Powell (Cfo) $153,645 $0 $29,453
Karen Frederick (Chief Operations Officer) $129,687 $0 $11,959
Michael Mcgee (Chief Lending Officer) $113,010 $0 $11,140
Debra Crew (Vp Of Real Estate) $102,247 $0 $35,192
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
George Scott (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
Charles Lankford (Director Part Year) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,728,686
Expenses
$13,722,320
Net Income
$2,006,366
Net Assets
$26,182,109
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,203,698
90.3%
Investment Income $1,025,934
6.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $499,054
3.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $884,335
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,834,025
27.9%
Assets/Debt
Total Assets $315,914,429
Total Liabilities $289,732,320
Net Assets $26,182,109
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thad Angelle (President/Ceo) $274,323 $0 $112,688
Mary Fadhli (Executive Vice President) $217,827 $0 $124,143
Chad Powell (Cfo) $126,335 $0 $29,019
Michael Mcgee (Vp Of Business Lending) $120,264 $0 $11,416
Karen Frederick (Controller) $117,482 $0 $11,422
Jill Forse (Vp Of Human Resources) $106,638 $0 $39,321
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Peggy Delahoussaye (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
Charles Lankford (Director) $0 $0 $0
Randy Lupton (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,535,178
Expenses
$13,783,792
Net Income
$751,386
Net Assets
$23,312,961
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,948,515
96.0%
Investment Income $591,248
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,085
Net Inventory Sales $0
Other Revenue $2,500
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $817,127
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,638,406
26.4%
Assets/Debt
Total Assets $255,470,758
Total Liabilities $232,157,797
Net Assets $23,312,961
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thad Angelle (President/Ceo) $265,849 $0 $96,976
Mary Fadhli (Executive Vice President) $206,319 $0 $113,187
Karen Frederick (Controller) $114,851 $0 $21,475
Michael Mcgee (Vp Of Business Lending) $113,294 $0 $8,358
Chad Powell (Cfo) $112,432 $0 $22,364
Jill Forse (Vp Of Human Resources) $102,369 $0 $33,739
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Peggy Delahoussaye (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Yvonne Grimes (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
Charles Lankford (Director) $0 $0 $0
Randy Lupton (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,487,809
Expenses
$12,869,835
Net Income
$1,617,974
Net Assets
$23,254,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,939,801
96.2%
Investment Income $529,722
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,714
Net Inventory Sales $0
Other Revenue $22,000
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $693,729
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,615,549
28.1%
Assets/Debt
Total Assets $245,978,369
Total Liabilities $222,724,259
Net Assets $23,254,110
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thad Angelle (President/Ceo) $268,460 $0 $38,980
Mary Fadhli (Executive Vice President) $192,032 $0 $55,576
Karen Frederick (Controller) $117,602 $0 $13,080
Michael Mcgee (Vp Of Business Lending) $112,606 $0 $10,119
Chad Powell (Cfo) $109,334 $0 $29,347
Jill Forse (Vp Of Human Resources) $102,079 $0 $13,272
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Peggy Delahoussaye (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Yvonne Grimes (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
Charles Lankford (Director) $0 $0 $0
Randy Lupton (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0
Trent Devenzio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,088,285
Expenses
$12,617,467
Net Income
$1,470,818
Net Assets
$23,015,623
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,670,025
97.0%
Investment Income $425,739
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,479
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $742,647
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,522,663
27.9%
Assets/Debt
Total Assets $234,311,562
Total Liabilities $211,295,939
Net Assets $23,015,623
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thad Angelle (President/Ceo) $213,581 $0 $80,349
Mary Fadhli (Executive Vice President) $173,331 $0 $114,182
Karen Frederick (Controller) $119,235 $0 $49,140
Michelene Moody (Senior Vice President/Branch Executive) $118,779 $0 $26,200
Chad Powell (Cfo) $98,655 $0 $62,549
Randy Brown (Director) $0 $0 $0
Randy Chance (Director) $0 $0 $0
Peggy Delahoussaye (Director) $0 $0 $0
Rebecca Demeter (Director) $0 $0 $0
Yvonne Grimes (Director) $0 $0 $0
Michael Guidry (Director) $0 $0 $0
Michael Laird (Director) $0 $0 $0
Charles Lankford (Director) $0 $0 $0
Randy Lupton (Director) $0 $0 $0
James Myers Jr (Director) $0 $0 $0
Deborah Norris (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,853,196
Expenses
$12,672,310
Net Income
$1,180,886
Net Assets
$20,616,242
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,438,940
97.0%
Investment Income $329,821
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $84,435
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $854,800
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,350,293
26.4%
Assets/Debt
Total Assets $222,344,809
Total Liabilities $201,728,567
Net Assets $20,616,242
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thad Angelle (President/Chief Executive Officer) $200,307 $0 $41,898
Mary Fadhli (Executive Vice President) $153,150 $0 $69,420
Karen Frederick (Controller) $119,061 $0 $11,496
Michelene Moody (Senior Vice President/Branch Executive) $115,670 $0 $29,513
Chad Powell (Chief Financial Officer) $90,726 $0 $23,383
Randy Brown (Director) $0 $0 $16
Randy Chance (Director) $0 $0 $16
Peggy Delahoussaye (Director) $0 $0 $16
Rebecca Demeter (Director) $0 $0 $16
Yvonne Grimes (Director) $0 $0 $16
Michael Guidry (Director) $0 $0 $16
Michael Laird (Director) $0 $0 $16
Charles Lankford (Director) $0 $0 $16
Randy Lupton (Director) $0 $0 $16
James Myers Jr (Director) $0 $0 $16
Deborah Norris (Director) $0 $0 $16

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,972,749
Expenses
$12,694,447
Net Income
$1,278,302
Net Assets
$19,085,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,651,477
97.7%
Investment Income $339,767
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$18,495
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $697,220
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,208,906
25.3%
Assets/Debt
Total Assets $216,469,215
Total Liabilities $197,383,836
Net Assets $19,085,379

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,862,856
Expenses
$12,967,244
Net Income
$895,612
Net Assets
$18,454,968
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,865,858
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,002
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $649,893
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,304,022
25.5%
Assets/Debt
Total Assets $204,518,178
Total Liabilities $186,063,210
Net Assets $18,454,968

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

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.

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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

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