Overview
What is Membersfirst Credit Union?
Membersfirst Credit Union is a cooperative based in Decatur, Georgia, with an address at 2476 Lawrenceville Highway. Their mission is to offer savings and borrowing services to their members. Established as an owned cooperative, they provide these financial resources to their member base, allowing them to thrive and grow. With a dedicated workforce of 132 employees, Membersfirst Credit Union serves its community by enabling its members to save and access loans when needed.
Official website here: www.membersfirstga.com
What are the reviews and ratings of this charity?
Membersfirst Credit Union is not currently rated by Charity Navigator, primarily because it does not fall under the 501(c)(3) classification required for evaluation. As a subordinate entity in a group ruling and not a typical nonprofit, the Credit Union escapes evaluation under standard Charity Navigator metrics designed for tax-deductible organizations. Thus, the absence of a rating neither signifies positive nor negative aspects but reflects ineligibility under current criteria.
Charity Navigator's methodology emphasizes Accountability & Finance, Culture & Community, as well as Leadership & Adaptability; however, these cannot be applied here due to the Credit Union's different IRS status. Being non-501(c)(3), critical data such as Total Revenue, Expenses, and leadership salaries remain undisclosed when using the Form 990 framework.
Without user reviews from GreatNonprofits, we're limited in capturing community sentiment or detailed stakeholder experiences. Therefore, for comprehensive insights into the Credit Union’s impact or stakeholder interactions, one might consider exploring alternative platforms that assess member-oriented financial cooperatives.
This AI summary has been generated from information found on Charity Navigator.
Is Membersfirst Credit Union legitimate?
Membersfirst Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Membersfirst 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: $535,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,587,437
For more financial information, click here
Official website here: www.membersfirstga.com
What is the mission statement of Membersfirst Credit Union?
Membersfirst Credit Union is committed to offering savings and loan services to its cooperative members. The mission of this financial institution is to facilitate the accumulation of savings and provide access to borrowing opportunities for its member-owners. By doing so, Membersfirst Credit Union aims to support the financial well-being of its members and empower them to manage their finances effectively. The cooperative structure allows Membersfirst Credit Union to prioritize the needs and interests of its members, making it a trusted financial partner for individuals and families.
Official website here: www.membersfirstga.com
Who is the CEO of Membersfirst Credit Union?
Terry Hardy is the Board Member of Membersfirst Credit Union. The CEO's salary of Membersfirst Credit Union is $280,513 and their total compensation is $321,968.
Official website here: www.membersfirstga.com
What is the revenue of Membersfirst Credit Union?
Membersfirst Credit Union's revenue in 2022 was $17,444,196.
Official website here: www.membersfirstga.com
Who are the executives of Membersfirst Credit Union and what are their salaries?
The average compensation at Membersfirst Credit Union during 2022 was $38,808. There are 132 employees at Membersfirst Credit Union.
Here are 24 key members and their salaries (Membersfirst Credit Union's CEO's salary is $280,513 and their total compensation is $321,968):
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- Compensation: $280,513
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- Other: $41,455
- Compensation: $130,849
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- Compensation: $123,802
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- Other: $5,012
- Compensation: $122,454
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- Compensation: $115,555
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- Compensation: $116,764
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- Compensation: $105,109
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- Other: $15,248
- Compensation: $122,286
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- Other: $5,018
Official website here: www.membersfirstga.com
Where can I find the form 990 for Membersfirst Credit Union?
Membersfirst Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.membersfirstga.com
Learn more at the official website: www.membersfirstga.com
Mission Statement of Membersfirst Credit Union
Membersfirst Credit Union, a member-owned cooperative, is dedicated to offering savings and lending services to its members. This financial institution prides itself on providing essential financial services, enabling its members to save and borrow when needed. By doing so, Membersfirst Credit Union empowers individuals to take control of their financial futures.
The mission of Membersfirst Credit Union is multifaceted. At its core, it focuses on providing thrift savings and borrowing opportunities to its members. This means that members can save their money with the credit union and, when the need arises, access loans to help cover various expenses. This service not only benefits individuals in the short term but also enables them to build a solid financial foundation for the future.
Membersfirst Credit Union's commitment to its members extends beyond basic financial services. As a cooperative, it is owned and controlled by its members, ensuring that their interests are always a priority. This unique structure sets Membersfirst Credit Union apart from traditional financial institutions and fosters a strong sense of community among its members. Overall, Membersfirst Credit Union's mission is to provide a reliable, member-focused platform for savings and borrowing, empowering individuals to make informed financial decisions and secure a prosperous future.
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Impact
October, 2024
Membersfirst Credit Union has a significant impact on its community by facilitating thrift savings and providing affordable borrowing options to its members in Decatur, Georgia. By operating as a member-owned cooperative, it ensures that the financial needs of its members are prioritized, fostering a culture of collaboration and support.
The credit union not only strengthens the financial stability of its members through savings programs but also enhances their access to credit, which can empower individuals and families to achieve their financial goals. This commitment to the community contributes to overall economic growth, encouraging responsible saving and investing practices among its members. Through its focus on thrift and accessibility, Membersfirst Credit Union plays a vital role in promoting financial well-being and resilience in the region.
This information is meant to be a general summary of Membersfirst 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: $987,922
- Program Service Revenue: $10,291,534
- Gross Receipts: $17,444,196
Assets and Liabilities:
- Total Assets: $358,165,926
- Total Liabilities: $320,040,842
- Net Assets: $38,125,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME FROM LOANS
Revenue
$10,291,534
Organization Details
Founding Year
1953
Phone
(404) 389-1239Principal Officer
Terry Hardy
Main Address
2476 LAWRENCEVILLE HWY, DECATUR, GA, 30033
Website
www.membersfirstga.comNTEE Category
Code: W61 - Public benefit
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