Members 1st Credit Union
- Assets
- $63.1m
- Revenue
- $2.1m
- Investments
- $68.5k
- Employees
- 20
- Location
- St Louis, MO
- Founding
- Data as of
- 12/2021
- EIN
- 43-6032141
Organization Overview
Members 1st Credit Union is located in St Louis, MO. As of 12/2021, Members 1st Credit Union employed 20 individuals. Members 1st Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Members 1st Credit Union generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERS 1ST CREDIT UNION ASSISTS ITS MEMBERS THROUGH A WIDE ASSORTMENT OF PRODUCTS AND SERVICES TO MAKE SOUND FINANCIAL DECISIONS THAT LEAD TO THEIR IMPROVED WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 4,466 MEMBERS.
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2021, THERE WERE 2,380 LOANS OUTSTANDING TOTALING $40,745,508.
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $79,326 FOR THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Eyestone President | Officer | 48 | $140,995 |
Karol Collins Board Member | Trustee | 1 | $0 |
Michael Lehman Chairman | Trustee | 1 | $0 |
Colin Mcpherron Vice Chairman | Trustee | 1 | $0 |
Judith Julius Secretary/treasurer | Trustee | 1 | $0 |
Carolyn Lorentz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,935,850 |
| Investment income | $135,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,815 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,084,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,770 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,183 |
| Pension plan accruals and contributions | $18,292 |
| Other employee benefits | $48,396 |
| Payroll taxes | $53,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,094 |
| Fees for services: Accounting | $21,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,328 |
| Advertising and promotion | $37,043 |
| Office expenses | $278,183 |
| Information technology | $207,436 |
| Royalties | $0 |
| Occupancy | $54,949 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,004 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,325 |
| Insurance | $22,296 |
| All other expenses | $28,100 |
| Total functional expenses | $1,818,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,056 |
| Savings and temporary cash investments | $20,354,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $499,287 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,584,009 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,569 |
| Net Land, buildings, and equipment | $261,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $68,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $799,665 |
| Total assets | $63,079,165 |
| Accounts payable and accrued expenses | $334,781 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,973 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,648,928 |
| Total liabilities | $57,993,682 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,085,483 |
| Total liabilities and net assets/fund balances | $63,079,165 |
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