MEMBERS FIRST CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://mbr1cu.org for more information.
Dec, 31, 2023 — MEMBERS FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, WI with 1 branch location and about $27.86 million in total assets. Opened 69 years ago in 1955, MEMBERS FIRST CREDIT UNION has about 2,862 members and employs 10 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) | 3401 W BELTLINE HWY MADISON, WI 53713 |
| Phone: | (608) 271-5301 |
| Fax: | (608) 271-5322 |
| Website: | https://mbr1cu.org |
| Branches: | 1 branch locations |
| Members: | 2,862 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67008 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,861,133 |
| CEO/Manager: | Jenny Kutz |
| Chairperson: | Ronald F Kluge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,199,537 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,366,145 |
| Unsecured Loans | 2,832,646 |
| Other Loans | 11,534,200 |
| TOTAL LOANS | 21,732,991 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -177,241 |
| Land And Building | 855,486 |
| Other Fixed Assets | 69,827 |
| NCUSIF Deposit | 243,181 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,861,133 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 263,114 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,811,118 |
| Regular shares | 10,014,724 |
| All Other Shares & Deposits | 10,902,317 |
| TOTAL SHARES & DEPOSITS | 23,728,159 |
| TOTAL LIABILITIES | 23,991,273 |
| Regular Reserve | 0 |
| Other Reserves | 461,472 |
| Undivided Earnings | 3,408,388 |
| TOTAL EQUITY | 3,869,860 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,861,133 |
| INCOME & EXPENSE | |
| Loan Income | 922,371 |
| Investment Income | 31,280 |
| Other Income | 155,048 |
| Total Employee Compensation & Benefits | 451,237 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 586,347 |
| Non-operating Income & (Expense) | 5,700 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,872 |
| Cost of Funds | 79,715 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 90,500 |
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