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Filing year 2024

MEMPHIS CITY EMPLOYEES CREDIT UNION

Memphis, Tennessee·EIN 62-0630690·501(c)(14)
Total revenue
$29M
Total assets
$455.4M
Total expenses
$27.2M
Reported officers
16

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$714k
$758k
Base
$507k
Bonus
$143k
Other
$58k
Benefits
$7k
Chief Operating Officer
Above 90th percentile
$351k
$372k
Base
$194k
Bonus
$135k
Other
$15k
Benefits
$7k
Chief Financial Officer
Above 90th percentile
$310k
$328k
Base
$186k
Bonus
$101k
Other
$15k
Benefits
$7k
Chief Information Officer
Median to 75th percentile
$251k
$266k
Base
$130k
Bonus
$116k
Other
Benefits
$5k
Chief Risk Officer
Highest Compensated Employee
Median to 75th percentile
$210k
$223k
Base
$132k
Bonus
$75k
Other
Benefits
$3k
Chief Lending Officer
Highest Compensated Employee
Median to 75th percentile
$178k
$189k
Base
$133k
Bonus
$41k
Other
$701
Benefits
$3k
Controller
Median to 75th percentile
$141k
$150k
VP of Mortgage
Board Vice President
Median to 75th percentile
$131k
$139k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Up 4%
from 2023

From $685k in 2023 to $714k in 2024.

$685k
2023
$714k
2024
In today's dollarsEst.
Up 1% in real terms$748k to $758k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 11%.

$685k in 2023 to $714k in 2024.
  • Chief Operating Officer pay rose 32% from 2023 to 2024.
  • Chief Financial Officer pay rose 10% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MEMPHIS CITY EMPLOYEES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$26.1M
$24M
2023
$29M
$27.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MEMPHIS CITY EMPLOYEES CREDIT UNION

What does the Chief Executive Officer of MEMPHIS CITY EMPLOYEES CREDIT UNION earn?

In 2024, the Chief Executive Officer of MEMPHIS CITY EMPLOYEES CREDIT UNION received $714,262 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MEMPHIS CITY EMPLOYEES CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MEMPHIS CITY EMPLOYEES CREDIT UNION falls in the top 10%.

What are MEMPHIS CITY EMPLOYEES CREDIT UNION's revenue and expenses?

In 2024, MEMPHIS CITY EMPLOYEES CREDIT UNION reported $29M in total revenue and $27.2M in total expenses on its IRS Form 990.

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