Members First Credit Union Of Nh

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020226828 ✦ Manchester, NH ✦ Designated as a 501(c)(14)

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Overview

What is Members First Credit Union Of Nh?

Members First Credit Union of NH is a nonprofit organization dedicated to offering affordable and beneficial financial services to its members. By delivering financial solutions, the credit union aims to make managing finances easier and more straightforward. Their offerings include operational expenses for all branches and dividends or member benefits, demonstrating their commitment to keeping costs low while providing value. The mission of Members First Credit Union of NH is to establish strong relationships with its members, ensuring they receive the financial assistance they need.


Official website here: www.membersfirstnh.org

Is Members First Credit Union Of Nh legitimate?

Members First Credit Union Of Nh is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members First Credit Union Of Nh submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $356,212
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,715,373

For more financial information, click here


Official website here: www.membersfirstnh.org

What is the mission statement of Members First Credit Union Of Nh?

Members First Credit Union of NH is committed to establishing beneficial relationships with its members by providing them with financially advantageous services. This credit union aims to simplify its members' lives by offering them tailored financial solutions. One of their initiatives includes providing low-cost services and benefits to their members at all branches.


Official website here: www.membersfirstnh.org

Who is the CEO of Members First Credit Union Of Nh?

Karl F Betz is the Principal Officer of Members First Credit Union Of Nh. The CEO's salary of Members First Credit Union Of Nh is $181,546 and their total compensation is $181,546.


Official website here: www.membersfirstnh.org

What is the revenue of Members First Credit Union Of Nh?

Members First Credit Union Of Nh's revenue in 2022 was $9,857,819.


Official website here: www.membersfirstnh.org

Who are the executives of Members First Credit Union Of Nh and what are their salaries?

The average compensation at Members First Credit Union Of Nh during 2022 was $52,061. There are 59 employees and 11 volunteers at Members First Credit Union Of Nh.


Here are 19 key members and their salaries (Members First Credit Union Of Nh's CEO's salary is $181,546 and their total compensation is $181,546):


Bruce Leighton (Former President/Ceo)
  • Compensation: $916,867
  • Related: $0
  • Other: $0
Karl Betz (Svp & Chief Financial Officer/Interim Ceo)
  • Compensation: $181,546
  • Related: $0
  • Other: $0
Thomas Andrew (Svp-Chief Lending Officer)
  • Compensation: $174,666
  • Related: $0
  • Other: $0
Michael Simoneau (Svp Community Outreach Officer)
  • Compensation: $127,601
  • Related: $0
  • Other: $0
Heidi Beaulieu (Vp Consumer Lending & It)
  • Compensation: $114,301
  • Related: $0
  • Other: $0
Cynthia Mccormick (Former Vice President, Retail & Operations)
  • Compensation: $113,751
  • Related: $0
  • Other: $0
Christine Whittaker (Avp Mortgage Lending)
  • Compensation: $103,300
  • Related: $0
  • Other: $0
Pat Ryan (Executive Assistant/Board Clerk)
  • Compensation: $100,179
  • Related: $0
  • Other: $0
Richard Plante (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Normand (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colleen Murray (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mara (Chairman Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Beaudoin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Gile (Supervisory Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Simmons (Board Member/Credit Committee Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashlee Medina (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Hollis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Mannon (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Simmons (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.membersfirstnh.org

Where can I find the form 990 for Members First Credit Union Of Nh?

Members First Credit Union Of Nh's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.membersfirstnh.org

Learn more at the official website: www.membersfirstnh.org

Mission Statement of Members First Credit Union Of Nh

Members First Credit Union of NH is committed to establishing meaningful connections with its members by offering financial solutions that aim to make their lives easier. This mission is carried out by providing cost-effective and high-value financial services. The credit union's primary goal is to build strong relationships with its members, understanding that each individual has unique financial needs. By offering programs such as Operating Expenses for all branches and Dividends/Member Benefits, Members First Credit Union of NH demonstrates its commitment to its members' financial well-being. The credit union's approach is centered around simplifying financial matters for its members, ensuring they can navigate their financial landscape with ease and confidence.

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Impact




October, 2024

Members First Credit Union of NH plays a significant role in enhancing the financial well-being of its members. By providing low-cost, high-value financial services, the credit union empowers individuals and families to manage their finances effectively. One of its key offerings includes tailored financial solutions that simplify members' lives, helping them navigate various financial challenges.

The credit union emphasizes building valued relationships, ensuring that members receive personalized support and resources that meet their unique needs. Programs like Operating Expenses for all branches and Dividends/Member Benefits further enhance the value provided to members, fostering a sense of community and collaboration.

Located in Manchester, NH, Members First Credit Union serves as a vital resource for residents, promoting financial stability and growth. Through its mission, the credit union is committed to creating positive financial outcomes and simplifying the financial journey for every member.




This information is meant to be a general summary of Members First Credit Union Of Nh. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$9,857,819 (2022)
Expenses
$8,515,356 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,253,952
  • Program Service Revenue: $5,565,875
  • Gross Receipts: $9,857,819

Assets and Liabilities:

  • Total Assets: $244,669,595
  • Total Liabilities: $235,805,553
  • Net Assets: $8,864,042

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Loan Interest Income

Revenue

$5,565,875

Organization Details

Founding Year

1949

Principal Officer

Karl F Betz

Main Address

7 Salmon Street PO Box 896, Manchester, NH, 031050896

NTEE Category

Code: W60 - Public benefit

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