Overview
What is Members First Credit Union?
Members First Credit Union is a financial institution based in Madison, Wisconsin, with an address at 3401 W Beltline Hwy. Established to promote thrift among its members and provide affordable credit, the credit union offers various deposit accounts. As of December 31, 2022, it had 2,853 members, and in the same year, it added 148 new member deposit accounts. The organization, with a team of 15 employees, focuses on creating opportunities for members to improve their economic and social conditions.
Official website here: www.mbr1cu.org
Is Members First Credit Union legitimate?
Members First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members 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: $107,178
Professional Fundraising Fees: $0
Other Salaries and Wages: $408,734
For more financial information, click here
Official website here: www.mbr1cu.org
What is the mission statement of Members First Credit Union?
Members First Credit Union's mission is centered around encouraging savings among its members, creating a reliable source of credit at reasonable rates, and providing opportunities for members to enhance their economic and social well-being. The credit union aims to serve its members by offering various deposit accounts and providing a chance for improvement in their financial situations. In 2022, the credit union expanded its member base by opening 148 new deposit accounts. As of December 31, 2022, Members First Credit Union had a total of 2,853 members.
Official website here: www.mbr1cu.org
Who is the CEO of Members First Credit Union?
Jennifer Kutz is the President of Members First Credit Union.
Official website here: www.mbr1cu.org
What is the revenue of Members First Credit Union?
Members First Credit Union's revenue in 2022 was $1,767,314.
Official website here: www.mbr1cu.org
Who are the executives of Members First Credit Union and what are their salaries?
The average compensation at Members First Credit Union during 2022 was $34,394. There are 15 employees and 8 volunteers at Members First Credit Union.
Here are 8 key members and their salaries:
- Compensation: $107,178
- Related: $0
- Other: $13,940
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mbr1cu.org
Where can I find the form 990 for Members First Credit Union?
Members First Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbr1cu.org
Learn more at the official website: www.mbr1cu.org
Mission Statement of Members First Credit Union
Members First Credit Union, with a mission to encourage thrift among its members, aims to create a reliable and reasonably priced source of credit. The primary objective of this credit union is to offer an opportunity for each of its members to enhance their economic and social conditions. By promoting savings and providing accessible credit, Members First Credit Union aims to contribute positively to the financial well-being of its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Members First Credit Union plays a significant role in fostering financial stability and growth within its community. By encouraging thrift among its members, it helps individuals develop healthy savings habits, ensuring they have the financial resources needed for unexpected expenses or future goals.
The credit union provides a variety of deposit accounts, facilitating access to banking services for its 2,853 members. In 2022, the organization successfully opened 148 new member deposit accounts, reflecting its commitment to expanding financial access in Madison, WI.
Moreover, Members First Credit Union is dedicated to creating a source of credit at fair and reasonable costs. This commitment enables members to secure loans for essential needs, paving the way for improved economic conditions. By focusing on the financial well-being of its members, the credit union contributes to enhancing their social conditions, empowering individuals to make informed choices about their financial futures.
Overall, Members First Credit Union serves as a vital resource, supporting economic participation and social advancement within its community.
This information is meant to be a general summary of Members 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $64,703
- Program Service Revenue: $1,696,856
- Gross Receipts: $1,822,614
Assets and Liabilities:
- Total Assets: $28,005,851
- Total Liabilities: $24,099,039
- Net Assets: $3,906,812
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$1,252,111
OTHER MEMBER RELATED INCOME
Revenue
$225,608
MEMBER FEE INCOME
Revenue
$210,285
FEE & INSURANCE REVENUE
Revenue
$8,852
Organization Details
Founding Year
1955
Phone
(608) 271-5301Principal Officer
Jennifer Kutz
Main Address
3401 W BELTLINE HWY, MADISON, WI, 53713
Website
www.mbr1cu.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Members First Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.