Jun, 30, 2024 — MEMBERSFIRST CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, GA with 14 branch locations and about $363.79 million in total assets. Opened 72 years ago in 1953, MEMBERSFIRST CREDIT UNION has about 30,291 members and employs 103 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERSFIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 2476 Lawrenceville Hwy DECATUR, GA 30033 |
| Phone: | (404) 978-0080 |
| Fax: | (404) 978-0095 |
| Website: | https://www.membersfirstga.com |
| Branches: | 14 branch locations |
| Members: | 30,291 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67538 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $363,785,250 |
| CEO/Manager: | Terry L Hardy |
| Chairperson: | Don Neunaber |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,642,555 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 121,574,294 |
| Unsecured Loans | 17,415,981 |
| Other Loans | 126,553,279 |
| TOTAL LOANS | 265,543,554 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,064,487 |
| Land And Building | 10,306,445 |
| Other Fixed Assets | 1,594,223 |
| NCUSIF Deposit | 3,069,290 |
| All Other Assets | 24,463 |
| TOTAL ASSETS | 363,785,250 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,622,500 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,207,440 |
| Regular shares | 171,287,727 |
| All Other Shares & Deposits | 92,632,611 |
| TOTAL SHARES & DEPOSITS | 323,127,778 |
| TOTAL LIABILITIES | 326,750,278 |
| Regular Reserve | 0 |
| Other Reserves | 11,777,838 |
| Undivided Earnings | 25,257,134 |
| TOTAL EQUITY | 37,034,972 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 363,785,250 |
| INCOME & EXPENSE | |
| Loan Income | 7,539,832 |
| Investment Income | 602,742 |
| Other Income | 2,176,077 |
| Total Employee Compensation & Benefits | 4,626,235 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,107,252 |
| Non-operating Income & (Expense) | 395,804 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 320,000 |
| Cost of Funds | 600,801 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,037,878 |
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