Dec, 31, 2023 — MEMBERS FIRST CREDIT UNION OF N.H. is a federally insured state chartered credit union headquartered in MANCHESTER, NH with 3 branch locations and about $250.58 million in total assets. Opened 75 years ago in 1949, MEMBERS FIRST CREDIT UNION OF N.H. has about 12,805 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS FIRST CREDIT UNION OF N.H. |
|---|---|
| Address: (Main Office) | 7 Salmon St MANCHESTER, NH 03104-3027 |
| Phone: | (603) 622-8781 |
| Fax: | (603) 641-2435 |
| Website: | https://www.membersfirstnh.org |
| Branches: | 3 branch locations |
| Members: | 12,805 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65491 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $250,580,576 |
| CEO/Manager: | Courtney Fifield |
| Chairperson: | David Mara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,134,067 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,167,346 |
| Unsecured Loans | 2,871,227 |
| Other Loans | 60,678,579 |
| TOTAL LOANS | 145,029,772 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -780,000 |
| Land And Building | 9,843,300 |
| Other Fixed Assets | 1,802,784 |
| NCUSIF Deposit | 2,262,617 |
| All Other Assets | 0 |
| TOTAL ASSETS | 250,580,576 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,236,344 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,781,995 |
| Regular shares | 82,933,157 |
| All Other Shares & Deposits | 92,567,842 |
| TOTAL SHARES & DEPOSITS | 234,282,994 |
| TOTAL LIABILITIES | 237,529,340 |
| Regular Reserve | 0 |
| Other Reserves | -6,247,966 |
| Undivided Earnings | 19,299,202 |
| TOTAL EQUITY | 13,051,236 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 250,580,576 |
| INCOME & EXPENSE | |
| Loan Income | 7,040,238 |
| Investment Income | 2,246,104 |
| Other Income | 1,165,252 |
| Total Employee Compensation & Benefits | 3,683,406 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,104,426 |
| Non-operating Income & (Expense) | 3,457 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 280,789 |
| Cost of Funds | 1,348,689 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,070,579 |
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