Members 1st Credit Union

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

EIN: 030197116 ✦ Brattleboro, VT ✦ Designated as a 501(c)(14)

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Overview

What is Members 1st Credit Union?

Members 1st Credit Union is a not-for-profit financial institution, acting as a credit union, with a primary objective of serving its member-owners. Their mission includes offering customized financial services to cater to their members' needs in the most personal manner possible. As a 501(c)14 organization, Members 1st Credit Union does not require any specific programs, although it offers various services to its members.


Official website here: www.members1cu.com

Is Members 1st Credit Union legitimate?

Members 1st Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members 1st Credit Union 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: $78,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $214,773

For more financial information, click here


Official website here: www.members1cu.com

What is the mission statement of Members 1st Credit Union?

Members 1st Credit Union, as a member-owned financial services provider, is committed to catering to its members' financial needs in a personal manner. The organization operates as a credit union and not-for-profit financial institution, adhering to its mission of providing tailored financial services to its member-owners. Though not mandated, the credit union offers various programs to meet the diverse financial needs of its members, reflecting its dedication to personalized service.


Official website here: www.members1cu.com

Who is the CEO of Members 1st Credit Union?

Evelyn Sirois is the Ceo of Members 1st Credit Union. The CEO's salary of Members 1st Credit Union is $78,943 and their total compensation is $78,943.


Official website here: www.members1cu.com

What is the revenue of Members 1st Credit Union?

Members 1st Credit Union's revenue in 2022 was $923,834.


Official website here: www.members1cu.com

Who are the executives of Members 1st Credit Union and what are their salaries?

The average compensation at Members 1st Credit Union during 2022 was $29,372. There are 10 employees and 10 volunteers at Members 1st Credit Union.


Here are 11 key members and their salaries (Members 1st Credit Union's CEO's salary is $78,943 and their total compensation is $78,943):


Evelyn Sirois (Ceo)
  • Compensation: $78,943
  • Related: $0
  • Other: $0
Mona Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Cotton (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Wisell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Harvey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Del Priore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamara Gray (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence O'Neill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy King (Supervisory Committee Chair Person)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheri Bolster (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edith Harvey (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.members1cu.com

Where can I find the form 990 for Members 1st Credit Union?

Members 1st Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.members1cu.com

Learn more at the official website: www.members1cu.com

Mission Statement of Members 1st Credit Union

Members 1st Credit Union, as a member-owned financial services provider, is committed to meeting the financial needs of its members in a personalized manner. This not-for-profit institution, functioning as a credit union, prioritizes its mission to cater to the financial requirements of its members in the most individualized way possible. The organization does not have any mandated programs, given its status as a 501(c)14 entity. In essence, Members 1st Credit Union is dedicated to serving its members by providing tailored financial services with a personal touch.

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Impact




October, 2024

Members 1st Credit Union has a significant impact on the financial well-being of its member-owners in Brattleboro, Vermont. By prioritizing personalized financial services, it helps individuals and families make informed financial decisions to meet their unique needs. The credit union’s commitment to its community is evident through its tailored programs and services, which foster a sense of ownership and belonging among members.

As a member-owned financial services provider, Members 1st Credit Union focuses on delivering value over profit, ensuring that the financial interests of its members are at the forefront of its operations. This approach not only promotes financial literacy and empowerment but also strengthens the local economy by keeping resources within the community. The credit union's mission to meet members' financial needs in the most personal way enhances trust and loyalty, contributing to a supportive environment where individuals can thrive financially.




This information is meant to be a general summary of Members 1st Credit Union. 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
$923,834 (2022)
Expenses
$824,805 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $37,145
  • Program Service Revenue: $886,689
  • Gross Receipts: $923,834

Assets and Liabilities:

  • Total Assets: $16,999,218
  • Total Liabilities: $15,276,329
  • Net Assets: $1,722,889

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Programs

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

INTEREST ON LOANS/PROGRAM & SERVICES

Revenue

$886,689

Organization Details

Founding Year

1957

Principal Officer

Evelyn Sirois

Main Address

10 BROWNE COURT PO BOX 8245, BRATTLEBORO, VT, 053048245

NTEE Category

Code: W60 - Public benefit

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