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.
Name: | MEMBERS1ST COMMUNITY CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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