Jun, 30, 2021 — MEMBERS FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in BRIGHAM CITY, UT with 3 branch locations and about $174.21 million in total assets. Opened 63 years ago in 1958, MEMBERS FIRST CREDIT UNION has about 13,399 members and employs 41 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 |
|---|---|
| Address: (Main Office) | 120 EAST 1000 SOUTH BRIGHAM CITY, UT 84302 |
| Phone: | (435) 723-5231 |
| Fax: | (435) 723-1985 |
| Website: | https://memfirstcu.com |
| Branches: | 3 branch locations |
| Members: | 13,399 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67153 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | May 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $174,208,765 |
| CEO/Manager: | Darryn Hodgson |
| Chairperson: | Scott Tervort |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,701,509 |
| TOTAL INVESTMENTS | 65,559,848 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,422,859 |
| Unsecured Loans | 6,804,060 |
| Other Loans | 66,603,701 |
| TOTAL LOANS | 83,830,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -264,267 |
| Land And Building | 4,119,282 |
| Other Fixed Assets | 113,418 |
| NCUSIF Deposit | 1,347,222 |
| All Other Assets | 6,801,133 |
| TOTAL ASSETS | 174,208,765 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,911 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,798,577 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,667,093 |
| Regular shares | 47,408,099 |
| All Other Shares & Deposits | 87,849,046 |
| TOTAL SHARES & DEPOSITS | 155,924,238 |
| TOTAL LIABILITIES | 157,752,726 |
| Regular Reserve | 8,100,000 |
| Other Reserves | 0 |
| Undivided Earnings | 8,356,039 |
| TOTAL EQUITY | 16,456,039 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 174,208,765 |
| INCOME & EXPENSE | |
| Loan Income | 1,829,260 |
| Investment Income | 141,750 |
| Other Income | 164,910 |
| Total Employee Compensation & Benefits | 1,126,442 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 926,877 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 225,506 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 584,030 |
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