Overview
What is Members1st Community Credit Union?
Members1st Community Credit Union is a financial cooperative, established as a state-chartered entity, located in Ames, Iowa. With a primary focus on its member-owners, this credit union offers a range of deposit and lending services. These include traditional banking options, such as savings accounts and loans, as well as supplementary financial services like online banking, debit cards, ATMs, and online bill pay. For those who prefer in-person services, Members1st Community Credit Union provides additional offerings, such as cash services, safe deposit boxes, savings bond redemption, notary services, and financial education. As of December 31, 2022, the credit union served over 19,000 members, with a staff of 71 dedicated employees.
Official website here: www.members1st.com
What do the Facebook reviews say about Members1st Community Credit Union?
84% of 22 reviewers on Facebook recommend Members1st Community Credit Union. Here is a summary of their reviews:
Many customers express a high level of satisfaction with the services offered, highlighting the quality of customer service and the supportive atmosphere. A reviewer mentioned it as "one of the best" experiences they've had, indicating a strong approval among members.
Overall, the positive sentiment reflects that Members1st Community Credit Union successfully meets the needs of its clients, inspiring trust and loyalty through efficient service and a commitment to community engagement.
This AI summary has been generated from reviews found on Facebook.
Is Members1st Community Credit Union legitimate?
Members1st Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members1st 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: $660,473
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,392,984
For more financial information, click here
Official website here: www.members1st.com
What is the mission statement of Members1st Community Credit Union?
Members1st Community Credit Union serves as a financial cooperative, catering to its member-owners. Its primary objective is to provide a range of deposit, loan, and other financial services to its membership. As a state-chartered credit union, it offers various deposit and lending services. In addition to these, Members1st also offers supplementary financial services such as online banking, debit cards, ATMs, online bill payment, cash services, safe deposit boxes, savings bond redemption, notary services, and financial education. The credit union served a membership of 19,379 individuals as of December 31, 2022.
Official website here: www.members1st.com
Who is the CEO of Members1st Community Credit Union?
Nick Tonelli is the Chairman of Members1st Community Credit Union. The CEO's salary of Members1st Community Credit Union is $224,267 and their total compensation is $255,577.
Official website here: www.members1st.com
What is the revenue of Members1st Community Credit Union?
Members1st Community Credit Union's revenue in 2022 was $8,850,118.
Official website here: www.members1st.com
Who are the executives of Members1st Community Credit Union and what are their salaries?
The average compensation at Members1st Community Credit Union during 2022 was $43,006. There are 71 employees at Members1st Community Credit Union.
Here are 13 key members and their salaries (Members1st Community Credit Union's CEO's salary is $224,267 and their total compensation is $255,577):
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- Compensation: $224,267
- Related: $0
- Other: $31,310
- Compensation: $122,728
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- Other: $21,604
- Compensation: $106,532
- Related: $0
- Other: $27,108
- Compensation: $102,426
- Related: $0
- Other: $24,498
Official website here: www.members1st.com
Where can I find the form 990 for Members1st Community Credit Union?
Members1st Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.members1st.com
Learn more at the official website: www.members1st.com
Mission Statement of Members1st Community Credit Union
Members1st Community Credit Union, as a financial cooperative, is committed to serving its member-owners by providing a range of deposit, loan, and other financial services. This mission-driven organization operates as a state-chartered credit union, offering a variety of depository and lending services to its membership. In addition to traditional financial services, Members1st Community Credit Union also makes available supplementary financial offerings, such as electronic services like online banking, debit cards, ATMs, online bill pay, and in-person services like cash services, safe deposit boxes, savings bond redemption, notary services, and financial education. The credit union served a total of 19,379 members as of December 31, 2022, demonstrating its commitment to its member-owners.
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Impact
October, 2024
Members1st Community Credit Union plays a significant role in enhancing the financial well-being of its member-owners in Ames, Iowa. By operating as a financial cooperative, it offers a range of deposit and loan services tailored to meet the diverse needs of its 19,379 members.
The credit union provides essential financial products like savings accounts and loans, as well as supplementary services that enhance member experience. These include modern conveniences such as online banking, debit cards, and ATMs, alongside traditional services like cash handling, safe deposit boxes, and notary services. Members also benefit from financial education opportunities, equipping them with the knowledge needed to make informed financial decisions.
Through its commitment to serving the community and its members, Members1st Community Credit Union fosters financial stability and empowerment, ultimately contributing to the overall economic health of the region.
This information is meant to be a general summary of Members1st 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: $1,352,520
- Program Service Revenue: $6,432,090
- Gross Receipts: $8,850,118
Assets and Liabilities:
- Total Assets: $237,018,229
- Total Liabilities: $215,416,559
- Net Assets: $21,601,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$5,361,482
Organization Details
Founding Year
1964
Phone
(641) 752-1582Principal Officer
Nick Tonelli
Main Address
PO BOX 807, AMES, IA, 50010
Website
www.members1st.comNTEE Category
Code: W60 - Public benefit
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