Overview
What is Members First Community Credit Union?
Members First Community Credit Union, based in Quincy, Illinois, serves as a nonprofit financial cooperative with a membership of 7,203 individuals. The credit union adheres to the "People Helping People" philosophy, dedicating itself to offering reliable, comprehensive, and competitive financial services to cater to its members' needs. As of December 31, 2022, Members First Community Credit Union had 6,000 outstanding loans amounting to $66,534,422, while also paying dividends on member deposits totaling $144,726 for the year. The credit union provides a fair and reasonable source of credit to its members, committed to maintaining financial stability and ensuring member satisfaction.
Official website here: www.membersfirstccu.com
What do the Facebook reviews say about Members First Community Credit Union?
98% of 43 reviewers on Facebook recommend Members First Community Credit Union. Here's a summary of their reviews:
Many users express strong appreciation for the community-focused approach of the credit union, highlighting its dedication to understanding and meeting the needs of its members. Reviewers appreciate the personalized service and feel valued as part of the community, indicating that the organization prioritizes member satisfaction.
Overall, there's a clear sense of trust and reliability reflected in the comments, suggesting that Members First Community Credit Union consistently delivers on its commitment to serve its members effectively.
This AI summary has been generated from reviews found on Facebook.
Is Members First Community Credit Union legitimate?
Members First Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members First Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,519,179
For more financial information, click here
Official website here: www.membersfirstccu.com
What is the mission statement of Members First Community Credit Union?
Members First Community Credit Union, as a non-profit member-owned financial cooperative, is devoted to the "People Helping People" philosophy. The credit union is committed to providing its members with stable, comprehensive, and competitive financial services to meet their various needs. Their mission is to operate under this philosophy, striving to offer credit at fair and reasonable interest rates to their 7,203 members. As of December 31, 2022, there were 6,000 outstanding loans totaling 66,534,422. Additionally, the credit union pays dividends on member deposits, demonstrating its commitment to its members.
Official website here: www.membersfirstccu.com
Who is the CEO of Members First Community Credit Union?
Theresa Mcewen is the President/Tr of Members First Community Credit Union.
Official website here: www.membersfirstccu.com
What is the revenue of Members First Community Credit Union?
Members First Community Credit Union's revenue in 2022 was $6,220,531.
Official website here: www.membersfirstccu.com
Who are the executives of Members First Community Credit Union and what are their salaries?
The average compensation at Members First Community Credit Union during 2022 was $44,682. There are 34 employees and 6 volunteers at Members First Community Credit Union.
Here are 6 key members and their salaries:
- Compensation: $242,294
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.membersfirstccu.com
Where can I find the form 990 for Members First Community Credit Union?
Members First Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.membersfirstccu.com
Learn more at the official website: www.membersfirstccu.com
Mission Statement of Members First Community Credit Union
Members First Community Credit Union, as a non-profit member-owned financial cooperative, is dedicated to the philosophy of "People Helping People." This organization is committed to providing stable, comprehensive, and competitive financial services that cater to the needs of its 7,203 members. Its mission is to act as a reliable source of credit for its members, offering loans at fair and reasonable interest rates. As of December 31, 2022, Members First Community Credit Union had 6,000 outstanding loans totaling $66,534,422. Furthermore, the credit union pays dividends on member deposits, demonstrating its commitment to its members' financial well-being. In essence, Members First Community Credit Union's mission is to serve its members by offering financial services with a focus on fairness and efficiency.
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Impact
October, 2024
Members First Community Credit Union plays a pivotal role in fostering financial stability and empowerment within Quincy, IL, and its surrounding areas. With a membership base of 7,203 individuals, the credit union actively contributes to the local economy by providing access to fair and reasonable credit options. As of December 31, 2022, it managed 6,000 outstanding loans, totaling over $66 million, which supports member financial aspirations and projects.
The credit union emphasizes its commitment to the "people helping people" philosophy by ensuring all financial services are designed to meet the specific needs of its members. In addition to lending, Members First Community Credit Union pays dividends on member deposits, totaling $144,726 for the year, further enhancing members' financial health and fostering a sense of community investment.
By offering comprehensive and competitive financial services, Members First Community Credit Union not only supports individual members but also reinforces the overall economic well-being of the community it serves.
This information is meant to be a general summary of Members First Community 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $227,089
- Program Service Revenue: $5,993,442
- Gross Receipts: $6,220,531
Assets and Liabilities:
- Total Assets: $84,844,760
- Total Liabilities: $64,241,432
- Net Assets: $20,603,328
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUTO LOAN INTEREST INCOME
Revenue
$1,441,387
1ST MORTGAGE
Revenue
$1,032,543
SHARE DRAFT FEES
Revenue
$1,010,613
SIGNATURE/MISC INTEREST INCOM
Revenue
$612,067
DB CARD INTERCHANGE INCOME
Revenue
$528,126
Organization Details
Founding Year
1954
Phone
(217) 223-4377Principal Officer
Theresa Mcewen
Main Address
1201 N 24TH ST PO BOX 3722, QUINCY, IL, 623053722
Website
www.membersfirstccu.comNTEE Category
Code: W61 - Public benefit
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