Overview
What is 1st Midamerica Credit Union?
1st MidAmerica Credit Union is a financial institution based in Bethalto, Illinois, with the address 731 E Bethalto Dr. The primary goal of this credit union is to provide loans to its members, approving 12,582 loans and extending $325 million in loans to them throughout 2022. The organization's mission is to cater to the financial needs of its members, ensuring long-term financial stability, and making a positive impact on the community. They aim to exceed members' expectations by continually expanding their offerings and maintaining a strong commitment to community involvement. The credit union employs 280 individuals.
Official website here: www.1stmidamerica.org
Is 1st Midamerica Credit Union legitimate?
1st Midamerica Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st Midamerica Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,714,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,854,940
For more financial information, click here
Official website here: www.1stmidamerica.org
What is the mission statement of 1st Midamerica Credit Union?
1st MidAmerica Credit Union's mission is to cater to the financial needs of its members and exceed their expectations. By continuously expanding its list of offerings, the credit union aims to become a leading financial institution for its membership base. A significant aspect of its mission involves offering products and services tailored to the diverse financial requirements of its members. In 2022, the credit union approved 12,582 loans, extending a substantial amount of over $325 million to its members, reflecting its dedication to fulfilling their financial needs.
Official website here: www.1stmidamerica.org
Who is the CEO of 1st Midamerica Credit Union?
Alan Meyer is the President/Ceo of 1st Midamerica Credit Union. The CEO's salary of 1st Midamerica Credit Union is $969,204 and their total compensation is $1,421,474.
Official website here: www.1stmidamerica.org
What is the revenue of 1st Midamerica Credit Union?
1st Midamerica Credit Union's revenue in 2022 was $45,283,692.
Official website here: www.1stmidamerica.org
Who are the executives of 1st Midamerica Credit Union and what are their salaries?
The average compensation at 1st Midamerica Credit Union during 2022 was $41,318. There are 280 employees and 9 volunteers at 1st Midamerica Credit Union.
Here are 17 key members and their salaries (1st Midamerica Credit Union's CEO's salary is $969,204 and their total compensation is $1,421,474):
- Alan Meyer (President/Ceo) [Trustee/Director]
- Robert Blacklock (Senior Vp Of Finance/Cfo)
- Perry Withers (Senior Vice President Of Lending/Clo)
- James Cherry (Senior Vice President Of It/Cio)
- Elysa Robin (Vp Of Human Resources)
- Terri Herbstreit (Vice President Of Accounting)
- Brenda Jackson (Vice President Branch Operations)
- Amber Scott (Vice President Of Marketing)
- Jeff Whitaker (Vice President Of Commercial Lending)
- Rosemary Gibson (Chairman) [Trustee/Director]
- Joshua Evans (Director)
- Andrew Macias (Vice Chairman) [Trustee/Director]
- Chris Greer (Treasurer) [Trustee/Director]
- Timothy Kallal (Director)
- Henry Vize (Secretary) [Trustee/Director]
- Rebecca Alexander (Director)
- Bill Meyer (Director)
Official website here: www.1stmidamerica.org
Where can I find the form 990 for 1st Midamerica Credit Union?
The 1st Midamerica Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.1stmidamerica.org
Learn more at the official website: www.1stmidamerica.org
Mission Statement of 1st Midamerica Credit Union
1st MidAmerica Credit Union, a prominent financial institution, is dedicated to fulfilling the financial needs of its members. With a mission to become a leading credit union in its field, it offers a range of products and services that exceed member expectations. The credit union is committed to maintaining financial soundness, while actively engaging in community affairs.
At the heart of 1st MidAmerica Credit Union's operations is the extension of credit to its members. In the year 2022, the institution approved 12,582 loans, extending a substantial $325,148,016 to its community. This financial support not only empowers individuals to meet their financial goals but also reinforces the credit union's role as a trusted and reliable financial partner. The institution's unwavering commitment to its members and their financial wellbeing is reflected in its continuous expansion of services to better meet the diverse needs of its growing membership.
Impact
This information is meant to be a general summary of 1st Midamerica Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
1st MidAmerica Credit Union's impact can be seen in its commitment to knowing and meeting the financial needs of its members. In 2022 alone, the credit union approved 12,582 loans totaling $325,148,016, helping members access credit for various purposes. This demonstrates the tangible support and financial assistance provided to the community by 1st MidAmerica Credit Union. Additionally, the credit union's active engagement in community affairs underscores its dedication to not only serving its members but also contributing positively to the overall well-being of the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$28,900,447
Fee Income
Revenue
$5,422,123
Organization Details
Founding Year
1934
Phone
(618) 258-3168
Principal Officer
Alan Meyer
Main Address
731 E Bethalto Dr, Bethalto, IL, 62010
Website
www.1stmidamerica.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of 1st Midamerica Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.