Sep, 30, 2025 — MEMBERS FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in BRIGHAM CITY, UT with 3 branch locations and about $197.57 million in total assets. Opened 68 years ago in 1958, MEMBERS FIRST CREDIT UNION has about 13,731 members and employs 40 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://www.memfirstcu.com |
| Branches: | 3 branch locations |
| Members: | 13,731 |
| 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, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $197,569,816 |
| CEO/Manager: | Darryn Hodgson |
| Chairperson: | Clyde J Wohlgemuth |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,669,809 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,667,493 |
| Unsecured Loans | 6,240,258 |
| Other Loans | 66,841,980 |
| TOTAL LOANS | 94,797,495 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -458,929 |
| Land And Building | 3,561,248 |
| Other Fixed Assets | 195,849 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,500,397 |
| All Other Assets | 54,001 |
| TOTAL ASSETS | 197,569,816 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 262,369 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 952,249 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,935,577 |
| Regular shares | 45,544,967 |
| All Other Shares & Deposits | 97,163,717 |
| TOTAL SHARES & DEPOSITS | 167,644,261 |
| TOTAL LIABILITIES | 168,858,879 |
| Regular Reserve | 0 |
| Other Reserves | 11,100,000 |
| Undivided Earnings | 17,610,937 |
| TOTAL EQUITY | 28,710,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 197,569,816 |
| INCOME & EXPENSE | |
| Loan Income | 4,572,697 |
| Investment Income | 2,290,237 |
| Other Income | 398,637 |
| Total Employee Compensation & Benefits | 1,963,577 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,565,142 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,000 |
| Cost of Funds | 1,669,502 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,965,962 |
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