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. |
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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 |
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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 |
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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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