Credit Unions Chartered In The State Of Michigan

Members First Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381489454 ✦ Midland, MI ✦ Designated as a 501(c)(14)

Overview

What is Credit Unions Chartered In The State Of Michigan?

Credit Unions Chartered in the State of Michigan, specifically Members First Credit Union, is a nonprofit organization based in Midland, Michigan. With a workforce of 286 employees, they have provided approximately 22,000 loans to their members, encompassing consumer, real estate, credit card, and small business loans. Their mission is to encourage a better tomorrow, focusing on delivering excellence through knowledge and exceeding member expectations. Embodying trustworthiness, caring, and enthusiasm, they aim to help members succeed. Members First Credit Union has made a significant impact by offering loans to support various financial needs.


Official website here: www.mfcu.net

Is Credit Unions Chartered In The State Of Michigan legitimate?

Credit Unions Chartered In The State Of Michigan is a legitimate nonprofit organization registered as a 501(c)(14) entity. Credit Unions Chartered In The State Of Michigan 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: $1,785,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,641,998

For more financial information, click here


Official website here: www.mfcu.net

What is the mission statement of Credit Unions Chartered In The State Of Michigan?

The mission of Credit Unions Chartered in Michigan is to encourage a better tomorrow for its members. This commitment is reflected in their promise to be trustworthy, caring, and enthusiastic in helping members succeed. At the heart of their operations, they strive for excellence through knowledge and are dependable in doing the right thing while exceeding member expectations. The credit union is dedicated to encouragement and the power of positivity, focusing on delivering superior services to its members. They have extended approximately 22,000 loans to members, encompassing various loan types like consumer, real estate, credit card, and small business loans.


Official website here: www.mfcu.net

Who is the CEO of Credit Unions Chartered In The State Of Michigan?

Carrie Iafrate is the President/Ceo of Credit Unions Chartered In The State Of Michigan. The CEO's salary of Credit Unions Chartered In The State Of Michigan is $137,038 and their total compensation is $148,001.


Official website here: www.mfcu.net

What is the revenue of Credit Unions Chartered In The State Of Michigan?

Credit Unions Chartered In The State Of Michigan's revenue in 2022 was $44,711,143.


Official website here: www.mfcu.net

Who are the executives of Credit Unions Chartered In The State Of Michigan and what are their salaries?

The average compensation at Credit Unions Chartered In The State Of Michigan during 2022 was $50,444. There are 286 employees and 12 volunteers at Credit Unions Chartered In The State Of Michigan.

Here are 21 key members and their salaries (Credit Unions Chartered In The State Of Michigan's CEO's salary is $137,038 and their total compensation is $148,001):

    Carrie Iafrate (President/Ceo)
  • Compensation: $400,465
  • Related: $0
  • Other: $43,974

    • Tamara Mcgovern (Cfo)
  • Compensation: $345,035
  • Related: $0
  • Other: $45,018

    • Anna Zielinski (Executive Vp)
  • Compensation: $298,368
  • Related: $0
  • Other: $20,296

    • Amy Garver (Coo)
  • Compensation: $202,632
  • Related: $0
  • Other: $25,356

    • Marcie Long (Cso)
  • Compensation: $171,769
  • Related: $0
  • Other: $31,278

    • Kelly Kammer (Vp Of Risk Management)
  • Compensation: $162,312
  • Related: $0
  • Other: $38,593

    • Reid Lundeen (Vp Of Lending)
  • Compensation: $143,545
  • Related: $0
  • Other: $34,421

    • Cassandra Chasnis (Technology Director)
  • Compensation: $150,087
  • Related: $0
  • Other: $13,252

    • Pamela Ayers (Vp Of Lending)
  • Compensation: $136,642
  • Related: $0
  • Other: $18,291

    • Kristen Walters (Human Resources Director)
  • Compensation: $124,600
  • Related: $0
  • Other: $23,618

    • Eric Brubaker (Former President/Ceo)
  • Compensation: $137,038
  • Related: $0
  • Other: $10,963

    • Nita Hass (Real Estate Lending Leader)
  • Compensation: $123,997
  • Related: $0
  • Other: $0

    • Robert Cooper (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Thompson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Brott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clare Taylor Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Lancaster (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Schenk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Todd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Grant Murschel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jenni Bush (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mfcu.net

    Where can I find the form 990 for Credit Unions Chartered In The State Of Michigan?

    The Credit Unions Chartered In The State Of Michigan’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mfcu.net

    Learn more at the official website: www.mfcu.net

    Mission Statement of Credit Unions Chartered In The State Of Michigan

    Members First Credit Union, a Michigan-chartered organization, is dedicated to fostering a brighter future for its members. With a commitment to trustworthiness, care, and enthusiasm, the credit union pledges to help members succeed. At its core, Members First Credit Union strives for excellence through knowledge, ensuring that it delivers more than expected and maintains a reputation for doing the right thing.

    The mission of Members First Credit Union is twofold. First, it seeks to provide financial assistance to its members by offering various loan options, including consumer, real estate, credit card, and small business loans, totaling approximately 22,000 loans. Second, the credit union aims to go beyond just financial support by fostering an environment of positivity and encouragement. By staying true to its core values, Members First Credit Union aspires to be a trusted partner and an invaluable resource for its members as they work towards a better tomorrow.

    Impact

    This information is meant to be a general summary of Credit Unions Chartered In The State Of Michigan. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of Credit Unions Chartered In The State Of Michigan is significant in fostering a better tomorrow for its members. With a mission focused on encouraging success, this credit union has provided approximately 22,000 loans to its members, covering various needs like consumer, real estate, credit card, and small business loans. By delivering excellence through knowledge and staying committed to doing the right thing, Credit Unions Chartered In The State Of Michigan is dedicated to exceeding member expectations and empowering them towards financial success.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,761,057
  • Program Service Revenue: $39,123,821
  • Gross Receipts: $44,711,143

    • Assets and Liabilities:
  • Total Assets: $814,371,674
  • Total Liabilities: $757,904,332
  • Net Assets: $56,467,342
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST

    Revenue

    $24,783,383

    FEES AND OTHER

    Revenue

    $14,280,219

    FINANCE & INSURANCE

    Revenue

    $60,219

    Organization Details

    Founding Year

    1936

    Principal Officer

    Carrie Iafrate

    Main Address

    600 W WACKERLY STREET, MIDLAND, MI, 48641

    NTEE Category

    Code: W60 - Public benefit

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