Dec, 31, 2023 — MEMBERS 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in BRATTLEBORO, VT with 2 branch locations and about $17.24 million in total assets. Opened 67 years ago in 1957, MEMBERS 1ST CREDIT UNION has about 2,097 members and employs 10 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 |
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Address: (Main Office) | 10 Browne Ct BRATTLEBORO, VT 05301-4427 |
Phone: | (802) 257-5131 |
Fax: | (802) 257-5837 |
Website: | https://www.members1cu.com |
Branches: | 2 branch locations |
Members: | 2,097 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63899 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,236,769 |
CEO/Manager: | Evelyn M Sirois |
Chairperson: | TAMARA GRAY |
ASSETS: | $ Amount |
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Cash & Equivalents | 987,019 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,963,329 |
Unsecured Loans | 1,691,077 |
Other Loans | 5,793,606 |
TOTAL LOANS | 15,448,012 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,552 |
Land And Building | 157,454 |
Other Fixed Assets | 790 |
NCUSIF Deposit | 145,812 |
All Other Assets | 0 |
TOTAL ASSETS | 17,236,769 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 104,605 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,340,289 |
Regular shares | 6,662,254 |
All Other Shares & Deposits | 6,154,737 |
TOTAL SHARES & DEPOSITS | 15,157,280 |
TOTAL LIABILITIES | 15,261,885 |
Regular Reserve | 0 |
Other Reserves | 288,682 |
Undivided Earnings | 1,686,202 |
TOTAL EQUITY | 1,974,884 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,236,769 |
INCOME & EXPENSE | |
Loan Income | 878,065 |
Investment Income | 91,214 |
Other Income | 223,567 |
Total Employee Compensation & Benefits | 389,724 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 527,283 |
Non-operating Income & (Expense) | 6,996 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 166,423 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 251,994 |
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