Family First Credit Union

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

EIN: 381341100 ✦ Saginaw, MI ✦ Designated as a 501(c)(14)

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Overview

What is Family First Credit Union?

Family First Credit Union is a credit union situated in Saginaw, Michigan, specifically at 1011 North Michigan Ave, with a total of 6,053 members as of December 31, 2022. This financial institution is committed to offering a comprehensive variety of deposit account options, including savings, checking, certificates, and other types. Their primary mission is to serve their members by delivering financial products and services in a timely and friendly manner. With a team of 28 employees, Family First Credit Union aims to cater to the financial needs of its members effectively.


Official website here: www.fam1st.com

Is Family First Credit Union legitimate?

Family First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Family First 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: $217,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $946,553

For more financial information, click here


Official website here: www.fam1st.com

What is the mission statement of Family First Credit Union?

Family First Credit Union's mission is centered around offering a comprehensive selection of financial services and products to its members, all while ensuring promptness and friendliness in their interactions. This mission is reflected in their daily operations, which include providing various deposit account options such as savings, checking, and certificates. As of December 31, 2022, the credit union had a membership of 6,053 individuals.


Official website here: www.fam1st.com

Who is the CEO of Family First Credit Union?

Frances Gibelyou is the Manager / Ceo of Family First Credit Union. The CEO's salary of Family First Credit Union is $107,268 and their total compensation is $117,191.


Official website here: www.fam1st.com

What is the revenue of Family First Credit Union?

Family First Credit Union's revenue in 2022 was $4,824,631.


Official website here: www.fam1st.com

Who are the executives of Family First Credit Union and what are their salaries?

The average compensation at Family First Credit Union during 2022 was $41,569. There are 28 employees and 17 volunteers at Family First Credit Union.


Here are 9 key members and their salaries (Family First Credit Union's CEO's salary is $107,268 and their total compensation is $117,191):


Frances Gibelyou (Manager / Ceo)
  • Compensation: $107,268
  • Related: $0
  • Other: $9,923
Janie Smith (Cfo)
  • Compensation: $95,306
  • Related: $0
  • Other: $4,880
Maurice Patterson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricardo Longoria (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Jacob (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Doolan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rayunza Chism-Hood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Genovese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Turner (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fam1st.com

Where can I find the form 990 for Family First Credit Union?

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


Official website here: www.fam1st.com

Learn more at the official website: www.fam1st.com

Mission Statement of Family First Credit Union

Family First Credit Union, as stated in its mission, is committed to offering a comprehensive array of financial products and services to its members in a timely and amiable manner. The credit union's primary goal is to cater to its members' financial needs, providing them with a variety of deposit account options such as savings, checking, certificates, and others. As of December 31, 2022, Family First Credit Union boasts a membership of 6,053 individuals, underscoring its dedication to serving its community.

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Impact




October, 2024

Family First Credit Union makes a significant impact in Saginaw, MI, by offering a comprehensive range of financial products and services designed to meet the diverse needs of its members. With a membership base of over 6,000 individuals, it fosters a supportive community, ensuring that members have access to essential services such as savings accounts, checking accounts, and certificates.

The credit union prioritizes prompt and friendly service, creating an inclusive environment that encourages financial literacy and empowerment. By providing accessible financial solutions, Family First Credit Union not only enhances the financial well-being of its members but also contributes to the local economy by promoting responsible financial habits and enabling families to achieve their financial goals. Its commitment to serving the community underscores the meaningful role it plays in fostering economic stability and growth in the region.




This information is meant to be a general summary of Family First 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
$4,824,631 (2022)
Expenses
$4,097,000 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $497,479
  • Program Service Revenue: $4,324,652
  • Gross Receipts: $5,342,581

Assets and Liabilities:

  • Total Assets: $88,591,899
  • Total Liabilities: $80,928,349
  • Net Assets: $7,663,550

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Programs

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

Debit Card Income

Revenue

$274,930

Fees & Charges

Revenue

$816,120

Interchange Income

Revenue

$85,504

Loan Interest Income

Revenue

$3,052,785

Other Operating Income

Revenue

$67,880

Organization Details

Founding Year

1939

Principal Officer

Frances Gibelyou

Main Address

1011 North Michigan Ave, Saginaw, MI, 48602

NTEE Category

Code: W60 - Public benefit

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