Sep, 30, 2025 — MEMBERS FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in CORPUS CHRISTI, TX with 4 branch locations and about $185.44 million in total assets. Opened 88 years ago in 1938, MEMBERS FIRST CREDIT UNION has about 12,634 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) | 5444 S Staples St CORPUS CHRISTI, TX 78411 |
| Phone: | (361) 991-6178 |
| Fax: | (361) 986-6991 |
| Website: | https://www.m1st.org |
| Branches: | 4 branch locations |
| Members: | 12,634 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67658 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $185,444,490 |
| CEO/Manager: | Wanda Muessel |
| Chairperson: | Luther Hight |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,384,395 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,800,469 |
| Unsecured Loans | 9,073,076 |
| Other Loans | 28,620,333 |
| TOTAL LOANS | 70,493,878 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -482,503 |
| Land And Building | 4,179,776 |
| Other Fixed Assets | 263,737 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,258,688 |
| All Other Assets | 91,200 |
| TOTAL ASSETS | 185,444,490 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27,784 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,263,503 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,741,288 |
| Regular shares | 43,728,095 |
| All Other Shares & Deposits | 63,253,056 |
| TOTAL SHARES & DEPOSITS | 141,722,439 |
| TOTAL LIABILITIES | 143,013,726 |
| Regular Reserve | 0 |
| Other Reserves | 587,139 |
| Undivided Earnings | 41,843,625 |
| TOTAL EQUITY | 42,430,764 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 185,444,490 |
| INCOME & EXPENSE | |
| Loan Income | 3,482,344 |
| Investment Income | 2,110,864 |
| Other Income | 950,132 |
| Total Employee Compensation & Benefits | 2,053,331 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,104,932 |
| Non-operating Income & (Expense) | 6,166 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 443,842 |
| Cost of Funds | 1,132,981 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,854,728 |
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