Overview
What is Members First Credit Union?
Members First Credit Union is a nonprofit financial institution, established under state regulations. Serving as a state-chartered credit union, its primary mission is to provide financial services to its members. Although the description is brief, it underscores the organization's commitment to promoting financial well-being within its community.
Official website here: www.memfirstcu.com
What do the Facebook reviews say about Members First Credit Union?
82% of 5 reviewers on Facebook recommend Members First Credit Union. Here’s a summary of their thoughts:
Many appreciate the service, particularly highlighting the importance of keeping drive-up windows open for shared banking. This is seen as a vital support during challenging times, with one user expressing gratitude for the credit union’s effort to contribute positively to the community. Overall, the sentiment is largely favorable, showcasing a sense of solidarity and support from the institution.
This AI summary has been generated from reviews found on Facebook.
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: $224,979
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,733,653
For more financial information, click here
Official website here: www.memfirstcu.com
What is the mission statement of Members First Credit Union?
Members First Credit Union, as a state-chartered entity, is dedicated to serving its members with its mission. This mission, in essence, revolves around operating as a credit union, adhering to the state-defined regulations. While the provided information does not specifically detail the objectives or goals beyond being a state-chartered credit union, it implies that Members First Credit Union is committed to providing financial services to its members in accordance with its state charter.
Official website here: www.memfirstcu.com
Who is the CEO of Members First Credit Union?
Darryn Hodgson is the Ceo of Members First Credit Union. The CEO's salary of Members First Credit Union is $158,376 and their total compensation is $158,376.
Official website here: www.memfirstcu.com
What is the revenue of Members First Credit Union?
Members First Credit Union's revenue in 2022 was $7,331,739.
Official website here: www.memfirstcu.com
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 $39,972. There are 49 employees and 7 volunteers at Members First Credit Union.
Here are 9 key members and their salaries (Members First Credit Union's CEO's salary is $158,376 and their total compensation is $158,376):
- Compensation: $158,376
- Related: $0
- Other: $0
- Compensation: $66,603
- 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: $0
- Related: $0
- Other: $0
Official website here: www.memfirstcu.com
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.memfirstcu.com
Learn more at the official website: www.memfirstcu.com
Mission Statement of Members First Credit Union
Members First Credit Union, as a state-chartered entity, is dedicated to its mission. This mission, in essence, revolves around operating as a credit union, a distinct type of financial institution. As a state chartered credit union, Members First Credit Union is committed to providing financial services to its members, operating under the principles of not-for-profit, democratic member control, member economic participation, and concern for community. The focus is on promoting the financial well-being of its members, fostering financial literacy, and ensuring affordable and accessible financial services.
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Impact
October, 2024
Members First Credit Union plays a significant role in the community by providing essential financial services that promote economic stability and personal empowerment. Based in Brigham City, Utah, it offers a range of products, including savings accounts, loans, and financial education resources, which support members in achieving their financial goals. By prioritizing the needs of its members, the credit union fosters a sense of community and encourages responsible financial practices.
Through its commitment to public benefit, Members First Credit Union helps individuals and families access the resources they need to thrive. This focus on community empowerment leads to improved financial literacy and the ability to make informed financial decisions. Furthermore, the credit union’s state charter allows it to operate with a strong sense of accountability to its members, ensuring that profits are reinvested back into the services and programs that benefit the community. Overall, Members First Credit Union's impact is reflected in the economic growth and stability it helps foster within the Brigham City area.
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: $1,130,395
- Gross Receipts: $7,331,739
Assets and Liabilities:
- Total Assets: $178,531,968
- Total Liabilities: $158,993,805
- Net Assets: $19,538,163
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Organization Details
Founding Year
1958
Phone
(435) 723-5231Principal Officer
Darryn Hodgson
Main Address
120 E 1000 S, Brigham City, UT, 84302
Website
www.memfirstcu.comNTEE Category
Code: W60 - Public benefit
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