Overview
What is Members Preferred Credit Union?
Members Preferred Credit Union is a nonprofit financial institution situated in Idaho Falls, Idaho. With a strong commitment to its approximately 4,365 members, it offers cooperative financial services. The credit union, housed at 1515 Hoopes Avenue, aims to support its members financially, providing them with various financial services. The organization, which employs 16 individuals, strives to contribute positively to its members' financial well-being.
Official website here: www.memberspreferred.org
Is Members Preferred Credit Union legitimate?
Members Preferred Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Preferred 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: $284,927
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,351
For more financial information, click here
Official website here: www.memberspreferred.org
What is the mission statement of Members Preferred Credit Union?
Members Preferred Credit Union is committed to providing cooperative financial services to its members. This mission is encapsulated in their daily operations, aiming to cater to the financial needs of approximately 4,365 individuals in 2022. The credit union's purpose is to offer a cooperative financial environment, providing services such as savings, loans, and other financial solutions to its member-owners. The credit union's operations are centered around fostering a sense of community and financial empowerment among its members.
Official website here: www.memberspreferred.org
Who is the CEO of Members Preferred Credit Union?
Greg Johnson is the CEO of Members Preferred Credit Union The CEO's salary of Members Preferred Credit Union is $255,963 and their total compensation is $284,927.
Official website here: www.memberspreferred.org
What is the revenue of Members Preferred Credit Union?
Members Preferred Credit Union's revenue in 2024 was $5,079,910.
Official website here: www.memberspreferred.org
Who are the executives of Members Preferred Credit Union and what are their salaries?
The average compensation at Members Preferred Credit Union during 2024 was $54,098. There are 13 employees and 9 volunteers at Members Preferred Credit Union.
Here are 9 key members and their salaries (Members Preferred Credit Union's CEO's salary is $255,963 and their total compensation is $284,927):
- 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
- Compensation: $255,963
- Related: $0
- Other: $28,964
- Compensation: $157,575
- Related: $0
- Other: $27,854
Official website here: www.memberspreferred.org
Where can I find the form 990 for Members Preferred Credit Union?
Members Preferred Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.memberspreferred.org
Learn more at the official website: www.memberspreferred.org
Mission Statement of Members Preferred Credit Union
Members Preferred Credit Union, as stated in its mission, is dedicated to providing cooperative financial services to its members. This mission is centered around the notion of cooperation, implying a sense of unity and mutual support among its members. The credit union's primary goal is to cater to the financial needs of its members, offering a range of services that contribute to their financial well-being. In 2022, the credit union successfully served approximately 4,365 members, demonstrating its commitment to its mission. The credit union's activities are focused on providing financial assistance and support, fostering a sense of community and mutual benefit among its members.
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Impact
October, 2024
Members Preferred Credit Union plays a vital role in the community by offering cooperative financial services to its members. In 2022, it served approximately 4,365 individuals, providing them with access to essential financial resources and support. Located in Idaho Falls, Idaho, the credit union’s mission focuses on creating an environment where members can engage in beneficial financial activities, improving their overall financial well-being. Through its services, Members Preferred Credit Union contributes to the local economy and fosters a sense of community among its members, ensuring that they have the tools needed to achieve their financial goals.
This information is meant to be a general summary of Members Preferred 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 2024.
- Investment Income: $540,850
- Program Service Revenue: $4,571,860
- Gross Receipts: $5,143,410
Assets and Liabilities:
- Total Assets: $47,386,036
- Total Liabilities: $39,229,799
- Net Assets: $8,156,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$3,494,786
FEE INCOME
Revenue
$773,234
OTHER OPERATING INCOME
Revenue
$303,840
Organization Details
Founding Year
1968
Principal Officer
Greg Johnson
Website
www.memberspreferred.orgNTEE Category
Code: W60 - Public benefit
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