Dec, 31, 2023 — MEMBERS ""FIRST"" COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in QUINCY, IL with 2 branch locations and about $90.00 million in total assets. Opened 70 years ago in 1954, MEMBERS ""FIRST"" COMMUNITY CREDIT UNION has about 7,189 members and employs 28 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"" COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1201 N 24th St QUINCY, IL 62301 |
Phone: | (217) 223-4377 |
Fax: | (217) 223-4391 |
Website: | https://membersfirstccu.com |
Branches: | 2 branch locations |
Members: | 7,189 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63368 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $90,002,824 |
CEO/Manager: | TERI M MCEWEN |
Chairperson: | Kevin Turnbull |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,441,301 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,414,994 |
Unsecured Loans | 9,076,763 |
Other Loans | 27,456,218 |
TOTAL LOANS | 70,947,975 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -646,834 |
Land And Building | 1,704,268 |
Other Fixed Assets | 301,107 |
NCUSIF Deposit | 638,208 |
All Other Assets | 0 |
TOTAL ASSETS | 90,002,824 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,272 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,269,815 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,300,830 |
Regular shares | 30,726,029 |
All Other Shares & Deposits | 19,301,680 |
TOTAL SHARES & DEPOSITS | 65,328,539 |
TOTAL LIABILITIES | 66,609,626 |
Regular Reserve | 0 |
Other Reserves | 838,942 |
Undivided Earnings | 22,554,256 |
TOTAL EQUITY | 23,393,198 |
TOTAL LIABILITIES, SHARES, & EQUITY | 90,002,824 |
INCOME & EXPENSE | |
Loan Income | 4,322,722 |
Investment Income | 509,767 |
Other Income | 1,461,923 |
Total Employee Compensation & Benefits | 1,978,460 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,995,978 |
Non-operating Income & (Expense) | 27,486 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 419,324 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,789,875 |
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