Sep, 30, 2025 — MEMBERS 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in REDDING, CA with 6 branch locations and about $358.94 million in total assets. Opened 90 years ago in 1936, MEMBERS 1ST CREDIT UNION has about 23,918 members and employs 60 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 1ST CREDIT UNION |
|---|---|
| Address: (Main Office) | 4710 Mountain Lakes Blvd REDDING, CA 96003 |
| Phone: | (530) 222-6060 |
| Fax: | (530) 221-5532 |
| Website: | https://www.m1cu.org |
| Branches: | 6 branch locations |
| Members: | 23,918 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62677 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $358,942,168 |
| CEO/Manager: | Caroline Redmann |
| Chairperson: | Ken Reed |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 74,104,525 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 92,739,665 |
| Unsecured Loans | 9,083,839 |
| Other Loans | 131,302,582 |
| TOTAL LOANS | 233,126,086 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,080,057 |
| Land And Building | 5,571,511 |
| Other Fixed Assets | 644,215 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,864,683 |
| All Other Assets | 146,014 |
| TOTAL ASSETS | 358,942,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,396,043 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 63,207,388 |
| Regular shares | 130,689,988 |
| All Other Shares & Deposits | 125,779,026 |
| TOTAL SHARES & DEPOSITS | 319,676,402 |
| TOTAL LIABILITIES | 322,072,445 |
| Regular Reserve | 0 |
| Other Reserves | 5,074,035 |
| Undivided Earnings | 31,795,688 |
| TOTAL EQUITY | 36,869,723 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 358,942,168 |
| INCOME & EXPENSE | |
| Loan Income | 8,813,166 |
| Investment Income | 2,927,526 |
| Other Income | 923,423 |
| Total Employee Compensation & Benefits | 4,299,018 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,546,957 |
| Non-operating Income & (Expense) | 109,818 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 543,829 |
| Cost of Funds | 2,921,128 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,012,760 |
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