Dec, 31, 2023 — MEMBERS FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in BRIGHAM CITY, UT with 3 branch locations and about $172.59 million in total assets. Opened 66 years ago in 1958, MEMBERS FIRST CREDIT UNION has about 13,851 members and employs 38 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: | 13,851 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $172,593,839 |
CEO/Manager: | Darryn Hodgson |
Chairperson: | Clyde J Wohlgemuth |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,141,892 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,467,522 |
Unsecured Loans | 7,716,995 |
Other Loans | 71,759,934 |
TOTAL LOANS | 98,727,186 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -434,994 |
Land And Building | 3,719,354 |
Other Fixed Assets | 49,362 |
NCUSIF Deposit | 1,480,298 |
All Other Assets | 139,347 |
TOTAL ASSETS | 172,593,839 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 171,276 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,748,457 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,359,552 |
Regular shares | 45,095,471 |
All Other Shares & Deposits | 78,742,862 |
TOTAL SHARES & DEPOSITS | 147,197,885 |
TOTAL LIABILITIES | 150,117,618 |
Regular Reserve | 0 |
Other Reserves | 10,100,000 |
Undivided Earnings | 12,376,221 |
TOTAL EQUITY | 22,476,221 |
TOTAL LIABILITIES, SHARES, & EQUITY | 172,593,839 |
INCOME & EXPENSE | |
Loan Income | 5,273,368 |
Investment Income | 1,473,037 |
Other Income | 545,032 |
Total Employee Compensation & Benefits | 2,572,426 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,916,582 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 175,000 |
Cost of Funds | 1,351,187 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,938,061 |
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