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 |
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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 |
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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 |
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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 |
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