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MEMBERS1ST COMMUNITY CREDIT UNION

Dec, 31, 2023 — MEMBERS1ST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHALLTOWN, IA with 8 branch locations and about $260.87 million in total assets. Opened 60 years ago in 1964, MEMBERS1ST COMMUNITY CREDIT UNION has about 17,265 members and employs 72 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 273975331
Name:MEMBERS1ST COMMUNITY CREDIT UNION
Address:
(Main Office)
910 S 12th Ave
MARSHALLTOWN, IA 50158
Phone:(641) 752-1582
Fax:(641) 752-1514
Website:https://www.members1st.com
Branches:8 branch locations
Members:17,265
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62918
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$260,872,184
CEO/Manager:Nicholas Tonelli
Chairperson:Tami Lichtenberg

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 23,483,416
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 91,078,318
 Unsecured Loans 5,339,727
 Other Loans 72,610,267
 TOTAL LOANS 169,028,312
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,091,327
 Land And Building 8,176,801
 Other Fixed Assets 917,623
 NCUSIF Deposit 2,142,526
 All Other Assets 0
  TOTAL ASSETS 260,872,184
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 5,200,000
 Accounts Payable & Other Liabilities 3,473,087
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 47,310,159
 Regular shares 94,434,557
 All Other Shares & Deposits 86,753,977
  TOTAL SHARES & DEPOSITS 228,498,693
  TOTAL LIABILITIES 237,171,780
 Regular Reserve 0
 Other Reserves 7,686,044
 Undivided Earnings 16,014,360
  TOTAL EQUITY 23,700,404
  TOTAL LIABILITIES, SHARES, & EQUITY 260,872,184
INCOME & EXPENSE  
 Loan Income 7,227,454
 Investment Income 1,986,116
 Other Income 892,101
 Total Employee Compensation & Benefits 4,304,198
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,915,757
 Non-operating Income & (Expense) -52,946
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 865,122
 Cost of Funds 1,554,775
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,316,825
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