Dec, 31, 2023 — MEMBERSFIRST CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, GA with 15 branch locations and about $394.80 million in total assets. Opened 71 years ago in 1953, MEMBERSFIRST CREDIT UNION has about 28,688 members and employs 108 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: | 15 branch locations |
| Members: | 28,688 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $394,800,118 |
| CEO/Manager: | Terry L Hardy |
| Chairperson: | Don Neunaber |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,483,419 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 155,240,844 |
| Unsecured Loans | 20,482,846 |
| Other Loans | 106,385,841 |
| TOTAL LOANS | 282,109,529 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,113,227 |
| Land And Building | 11,726,573 |
| Other Fixed Assets | 1,339,215 |
| NCUSIF Deposit | 3,403,451 |
| All Other Assets | 2,578 |
| TOTAL ASSETS | 394,800,118 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,804,076 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,865,321 |
| Regular shares | 147,784,061 |
| All Other Shares & Deposits | 147,135,311 |
| TOTAL SHARES & DEPOSITS | 347,784,692 |
| TOTAL LIABILITIES | 352,588,768 |
| Regular Reserve | 0 |
| Other Reserves | 12,337,017 |
| Undivided Earnings | 29,874,333 |
| TOTAL EQUITY | 42,211,350 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 394,800,118 |
| INCOME & EXPENSE | |
| Loan Income | 12,355,524 |
| Investment Income | 2,875,666 |
| Other Income | 2,896,425 |
| Total Employee Compensation & Benefits | 7,149,904 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,932,777 |
| Non-operating Income & (Expense) | -72,420 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 530,000 |
| Cost of Funds | 3,704,439 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,524,853 |
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