Mar, 31, 2022 — MEMBERS 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in BRATTLEBORO, VT with 1 branch location and about $18.39 million in total assets. Opened 65 years ago in 1957, MEMBERS 1ST CREDIT UNION has about 1,979 members and employs 9 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) | 10 Browne Ct BRATTLEBORO, VT 05301-4427 |
| Phone: | (802) 257-5131 |
| Fax: | (802) 257-5837 |
| Website: | http://www.members1cu.com |
| Branches: | 1 branch locations |
| Members: | 1,979 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63899 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,394,985 |
| CEO/Manager: | Evelyn M Sirois |
| Chairperson: | David Cotton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,652,327 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,884,713 |
| Unsecured Loans | 1,423,302 |
| Other Loans | 2,155,272 |
| TOTAL LOANS | 10,463,287 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -127,049 |
| Land And Building | 168,339 |
| Other Fixed Assets | 2,716 |
| NCUSIF Deposit | 154,223 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,394,985 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 80,735 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,231,721 |
| Regular shares | 8,563,061 |
| All Other Shares & Deposits | 4,883,042 |
| TOTAL SHARES & DEPOSITS | 16,677,824 |
| TOTAL LIABILITIES | 16,758,559 |
| Regular Reserve | 0 |
| Other Reserves | 288,681 |
| Undivided Earnings | 1,347,745 |
| TOTAL EQUITY | 1,636,426 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,394,985 |
| INCOME & EXPENSE | |
| Loan Income | 157,351 |
| Investment Income | 2,536 |
| Other Income | 36,726 |
| Total Employee Compensation & Benefits | 84,385 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 95,976 |
| Non-operating Income & (Expense) | 1,540 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 11,216 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,567 |
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