Jun, 30, 2024 — MEMBERS FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in BRIGHAM CITY, UT with 3 branch locations and about $188.19 million in total assets. Opened 66 years ago in 1958, MEMBERS FIRST CREDIT UNION has about 13,673 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 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: | 13,673 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $188,194,203 |
| CEO/Manager: | Darryn Hodgson |
| Chairperson: | Scott Tervort |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,498,016 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,020,632 |
| Unsecured Loans | 6,952,380 |
| Other Loans | 71,179,227 |
| TOTAL LOANS | 91,951,196 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -369,175 |
| Land And Building | 3,919,123 |
| Other Fixed Assets | 70,878 |
| NCUSIF Deposit | 1,566,858 |
| All Other Assets | 46,229 |
| TOTAL ASSETS | 188,194,203 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,923 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,268,331 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,804,096 |
| Regular shares | 52,736,866 |
| All Other Shares & Deposits | 90,388,807 |
| TOTAL SHARES & DEPOSITS | 166,929,769 |
| TOTAL LIABILITIES | 169,214,023 |
| Regular Reserve | 0 |
| Other Reserves | 10,100,000 |
| Undivided Earnings | 8,880,180 |
| TOTAL EQUITY | 18,980,180 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 188,194,203 |
| INCOME & EXPENSE | |
| Loan Income | 2,884,472 |
| Investment Income | 696,136 |
| Other Income | 390,075 |
| Total Employee Compensation & Benefits | 1,737,749 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,541,653 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,500 |
| Cost of Funds | 219,412 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,603,163 |
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