Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2023. IRS ruling in Jan 1965.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
9 people listed on the 990; $93K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Jennifer Kutz | $92,788 | $107,178 | $102,872 | $78,464 |
| Nicholas Kessenich | — | — | — | $67,431 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II9 listed
Programs and updates
Helps members save money, access affordable credit, and improve their economic and social well-being.
Questions for Members First Credit Union
Your first name shows with your question. Members First Credit Union answers here, for everyone.
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The credit union has several types of loan programs available for our members. We funded 322 new loans to members during 2023. As of 11/30/23 we had 1,467 loans to our members.
The credit union has various types of deposit accounts available for our members. We opened 192 new member deposit accounts in 2023. As of 11/30/23 we had 2,792 members.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Total assetsLn 16 | $28.0M | $0 |
| LiabilitiesLn 26 | $24.1M | $0 |
| Net assetsLn 32 | $3.9M | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3K | |||
| Pay of current officers, directors and key staffLn 5 | $93K | |||
| Other salaries and wagesLn 7 | $445K | |||
| Pension plan contributionsLn 8 | $12K | |||
| Other employee benefitsLn 9 | $61K | |||
| Payroll taxesLn 10 | $36K | |||
| Other fees for servicesLn 11g | $89K | |||
| Advertising and promotionLn 12 | $29K | |||
| Office expensesLn 13 | $260K | |||
| Information technologyLn 14 | $164K | |||
| OccupancyLn 16 | $88K | |||
| Conferences, conventions and meetingsLn 19 | $20K | |||
| Depreciation, depletion and amortizationLn 22 | $35K | |||
| InsuranceLn 23 | $46K | |||
| Other expenses (24a–d)Ln 24 | $363K | |||
| Total functional expensesLn 25 | $1.7M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 Latest Viewing | $1.8M | $1.7M | $74K | $0 | 990 PDF |
| FY2022 | $1.8M | $1.6M | $127K | $3.9M | 990 PDF |
| FY2021 | $1.7M | $1.4M | $290K | $3.8M | 990 PDF |
| FY2020 | $1.8M | $1.6M | $172K | $3.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,817,508 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 2 to look at
Part VIII · Statement of revenue $1,817,508 across 5 lines filed
Part IX · Statement of functional expenses $1,743,920 across 15 lines filed
Part X · Balance sheet $0 assets, 4 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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