Dec, 31, 2023 — MEMBERS 1ST FEDERAL CREDIT UNION is a federal credit union headquartered in ENOLA, PA with 59 branch locations and about $7.42 billion in total assets. Opened 74 years ago in 1950, MEMBERS 1ST FEDERAL CREDIT UNION has about 573,603 members and employs 1,211 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 FEDERAL CREDIT UNION |
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Address: (Main Office) | 5000 Marketplace Way ENOLA, PA 17025 |
Phone: | (717) 697-1161 |
Fax: | |
Website: | https://members1st.org |
Branches: | 59 branch locations |
Members: | 573,603 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6694 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $7,419,250,268 |
CEO/Manager: | Michael R Wilson |
Chairperson: | Jon Kirssin |
ASSETS: | $ Amount |
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Cash & Equivalents | 308,979,871 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 27,383,327 |
Real Estate Loans | 2,562,295,659 |
Unsecured Loans | 714,056,890 |
Other Loans | 2,898,732,969 |
TOTAL LOANS | 6,176,462,514 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,721,913 |
Land And Building | 153,370,815 |
Other Fixed Assets | 26,536,674 |
NCUSIF Deposit | 56,727,626 |
All Other Assets | 3,371,366 |
TOTAL ASSETS | 7,419,250,268 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,487 |
Notes & Interest Payable | 75,000,000 |
Accounts Payable & Other Liabilities | 116,326,331 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,300,953,460 |
Regular shares | 1,529,169,449 |
All Other Shares & Deposits | 3,589,661,531 |
TOTAL SHARES & DEPOSITS | 6,419,784,440 |
TOTAL LIABILITIES | 6,611,115,258 |
Regular Reserve | 0 |
Other Reserves | -62,158,917 |
Undivided Earnings | 870,293,927 |
TOTAL EQUITY | 808,135,010 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,419,250,268 |
INCOME & EXPENSE | |
Loan Income | 344,573,619 |
Investment Income | 19,946,074 |
Other Income | 51,060,277 |
Total Employee Compensation & Benefits | 120,028,289 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 97,576,655 |
Non-operating Income & (Expense) | 2,386,808 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,000,000 |
Cost of Funds | 82,301,693 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 138,446,609 |
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