Membersfirst Credit Union 2050 Lawrenceville Hwy Ste C-40
- Assets
- $348.7m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 101
- Location
- Decatur, GA
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 58-1489204
Organization Overview
Membersfirst Credit Union 2050 Lawrenceville Hwy Ste C-40 is located in Decatur, GA. The organization was established in 2001. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Membersfirst Credit Union 2050 Lawrenceville Hwy Ste C-40 employed 101 individuals. Membersfirst Credit Union 2050 Lawrenceville Hwy Ste C-40 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, Membersfirst Credit Union 2050 Lawrenceville Hwy Ste C-40 generated $15.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 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
TO PROVIDE THRIFT SAVINGS AND BORROWINGS TO MEMBERS OF AN OWNED COOPERATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THRIFT SAVINGS AND BORROWINGS TO MEMBERS.
TO PROVIDE THRIFT SAVINGS AND BORROWINGS TO MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Hardy President/ceo | Officer | 40 | $257,476 |
Pamela Goehner Vice President/coo | Officer | 40 | $129,158 |
James Coltrane Vice President/cfo | Officer | 40 | $117,846 |
Virginia Colegrove Vice President Of E Commerce | 40 | $116,628 | |
Kimberly Mcnary Director Of Commercial & R | 40 | $116,267 | |
Laron Maloney Vice President | 40 | $112,520 |
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 | $9,412,062 |
| Investment income | $722,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,775 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,204,020 |
| 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 | $787,644 |
| Compensation of current officers, directors, key employees. | $504,480 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,529,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,022,093 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,786 |
| Fees for services: Accounting | $46,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $473,935 |
| Advertising and promotion | $247,879 |
| Office expenses | $2,270,541 |
| Information technology | $715,767 |
| Royalties | $0 |
| Occupancy | $403,566 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,632 |
| Interest | $0 |
| Payments to affiliates | $19,042 |
| Depreciation, depletion, and amortization | $482,204 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,364,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,708,355 |
| Savings and temporary cash investments | $77,068,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,208,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $238,851,629 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $543,524 |
| Net Land, buildings, and equipment | $10,851,440 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,497,593 |
| Total assets | $348,729,006 |
| Accounts payable and accrued expenses | $1,696,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $313,035,226 |
| Total liabilities | $314,731,911 |
| 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 | $33,997,095 |
| Total liabilities and net assets/fund balances | $348,729,006 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Of Alabama Tuscaloosa, AL | $1,400,922,106 | $57,798,045 |
Guardian Credit Union Montgomery, AL | $763,618,487 | $55,701,810 |
Avadian Credit Union Birmingham, AL | $1,107,599,442 | $50,956,352 |
Self Help Credit Union Durham, NC | $1,341,389,804 | $52,319,101 |
State Chartered Credit Unions In Florida Tallahassee, FL | $809,997,626 | $45,725,908 |
First Commerce Credit Union Tallahassee, FL | $972,658,522 | $46,857,921 |
Gulf Winds Credit Union Pensacola, FL | $1,014,783,334 | $45,342,070 |
Credit Unions In The State Of Alabama Rainbow City, AL | $666,462,536 | $43,280,897 |
State Chartered Credit Unions In Florida Jacksonville, FL | $1,319,070,045 | $41,838,326 |
Leaders Credit Union Jackson, TN | $642,989,895 | $47,507,703 |
State Chartered Credit Unions In Florida Miramar, FL | $964,049,184 | $39,741,302 |
State Chartered Credit Unions In Florida Rockledge, FL | $1,021,969,331 | $43,006,441 |