Meritrust Credit Union
501(c)(1)
100% goes to programs Strong reserves Growing revenue
Meritrust Credit Union is a 501(c)(1) organization based in Wichita, Kansas, registered in 2022, with $75,229,939 in FY2018 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
151 N Main St, Wichita, KS, 67202 EIN 48-0570799 Since 2022
Revenue (FY2018)
$75.2M
▼ 2.3% vs prior year
Expenses (FY2018)
$71.0M
Net assets
$122.3M
Employees
413
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Meritrust Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Meritrust Credit Union: 21 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Meritrust Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Meritrust Credit Union: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Meritrust credit union provides financial services while maintaining the highest ethical standards.
Contact & location
Financial trends
Revenue grew from $56.4M (FY2013) to $75.2M (FY2018) across 6 reported years.
Financial snapshot
Financial health & position (FY2018)
Liabilities $1.1BNet assets $122.3M
Operating margin
5.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$1.1B
Net assets
$122.3M
Salaries & benefits
$26.7M
38% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2018 | $75,229,939▼2.3% | $71,016,787▼4.5% | $122,262,644▲3.5% | $1,215,121,922▼3.9% | 990 |
| 2017 | $76,992,366▲7.0% | $74,397,692▲16.5% | $118,083,806▲5.0% | $1,264,116,228▼0.2% | 990 |
| 2016 | $71,975,320▲16.1% | $63,874,802▲16.6% | $112,432,239▲4.8% | $1,266,799,389▲14.1% | 990 |
| 2015 | $62,014,451▲3.7% | $54,767,403▲7.8% | $107,326,266▲6.7% | $1,109,925,552▲16.8% | 990 |
| 2014 | $59,796,023▲6.1% | $50,797,673▲4.9% | $100,540,291▲8.2% | $950,647,018▲2.7% | 990 |
| 2013 | $56,367,769 | $48,426,018▲6.9% | $92,904,500▲11.3% | $925,410,123▲10.6% | 990 |
| 2012 | — | $45,317,423▲4.0% | $83,485,576▲10.5% | $836,710,219▲10.0% | 990 |
| 2011 | — | $43,579,922▲3.8% | $75,562,461▲9.4% | $760,340,522▲8.9% | 990 |
| 2010 | — | $42,000,148 | $69,040,948 | $698,186,847 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2018)
Highest-paid: James Nastars — $447,373 (0.63% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James Nastars | President/ceo | 40 | $447,373 |
| Brian Davidson | Svp Chief Business Officer | 40 | $393,073 |
| Evan Wilson | Svp Chief Experience Officer | 40 | $343,399 |
| Jamie Harrison | Svp Chief Retail Officer | 40 | $329,751 |
| Randy Doerksen | Svp Chief Financial Officer | 40 | $260,135 |
| James Homan | Financial Advisor | 40 | $248,067 |
| Wade Bruendl | Svp Chief Strategy Officer | 40 | $245,877 |
| Cliff Shoff | Vp Chief Technology Officer | 40 | $192,467 |
| Karen Callaway | Svp Chief Risk Officer | 40 | $191,944 |
| John Beckman | Director of Real Estate & Bus. Lend. | 40 | $184,001 |
| Gabe Schlickau | Vp Chief Delivery Officer | 40 | $140,850 |
| Heather Gates | Director of Consumer Lending | 40 | $131,475 |
| Donnelle Stewart | Controller | 40 | $119,730 |
| Steve Dunn | Board Director | 3 | $2,806 |
| Rick Dodds | Board Chair | 3 | $1,473 |
| Brian Middleton | Board Secretary/treasurer | 3 | $1,275 |
| Hector Cortez | Board Director | 3 | — |
| Marci Johnson | Board Vice Chair | 3 | — |
Top vendors & contractors (FY2018)
| Contractor | Services | Paid |
|---|---|---|
| Hutton Construction | Construction | $4,262,448 |
| Ncr Corp | Online & Mobile Banking | $3,665,464 |
| Route 66 Warranty | Extended Warranties | $2,463,442 |
| Alexander Open Systems | Network Storage | $993,086 |
| Fiserv | Dns/software | $912,500 |
Frequently asked questions
- Is Meritrust Credit Union a legitimate nonprofit?
- Yes. Meritrust Credit Union is a 501(c)(1) organization registered with the U.S. Internal Revenue Service under EIN 48-0570799, based in Wichita, Kansas.
- What is Meritrust Credit Union's EIN?
- Meritrust Credit Union's Employer Identification Number (EIN) is 48-0570799.
- How much revenue does Meritrust Credit Union report?
- Meritrust Credit Union reported $75,229,939 in total revenue on its fiscal year 2018 IRS Form 990 filing.
- How much of Meritrust Credit Union's spending goes to programs?
- Meritrust Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Meritrust Credit Union have?
- CharityIndex grades Meritrust Credit Union B+, based on program efficiency and fundraising cost.
- How much does Meritrust Credit Union's highest-paid employee make?
- The highest reported compensation on Meritrust Credit Union's latest Form 990 is $447,373, paid to James Nastars (President/ceo).
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Data for Meritrust Credit Union (EIN 48-0570799) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.