Dec, 31, 2021 — MEMBERS FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in BRIGHAM CITY, UT with 3 branch locations and about $180.05 million in total assets. Opened 64 years ago in 1958, MEMBERS FIRST CREDIT UNION has about 13,525 members and employs 39 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 E 1000 S BRIGHAM CITY, UT 84302-4357 |
| Phone: | (435) 723-5231 |
| Fax: | (435) 723-1985 |
| Website: | https://memfirstcu.com |
| Branches: | 3 branch locations |
| Members: | 13,525 |
| 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: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $180,050,197 |
| CEO/Manager: | Darryn Hodgson |
| Chairperson: | Scott Tervort |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,697,873 |
| TOTAL INVESTMENTS | 69,499,486 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,486,500 |
| Unsecured Loans | 7,255,306 |
| Other Loans | 65,622,624 |
| TOTAL LOANS | 83,364,430 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -281,613 |
| Land And Building | 4,038,984 |
| Other Fixed Assets | 79,117 |
| NCUSIF Deposit | 1,505,908 |
| All Other Assets | 7,146,012 |
| TOTAL ASSETS | 180,050,197 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,001 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 261,120 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,543,115 |
| Regular shares | 49,917,595 |
| All Other Shares & Deposits | 89,929,349 |
| TOTAL SHARES & DEPOSITS | 162,390,059 |
| TOTAL LIABILITIES | 162,673,180 |
| Regular Reserve | 10,100,000 |
| Other Reserves | 0 |
| Undivided Earnings | 7,277,017 |
| TOTAL EQUITY | 17,377,017 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 180,050,197 |
| INCOME & EXPENSE | |
| Loan Income | 3,736,045 |
| Investment Income | 323,479 |
| Other Income | 407,242 |
| Total Employee Compensation & Benefits | 2,296,456 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,597,491 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,000 |
| Cost of Funds | 497,579 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,591,692 |
| ↑ Back to Top | |