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Membersfirst Credit Union

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

EIN: 581489204 ✦ Decatur, GA ✦ Designated as a 501(c)(14)

Overview

What is Membersfirst Credit Union?

Membersfirst Credit Union is a cooperative based in Decatur, Georgia, with an address at 2476 Lawrenceville Highway. Their mission is to offer savings and borrowing services to their members. Established as an owned cooperative, they provide these financial resources to their member base, allowing them to thrive and grow. With a dedicated workforce of 132 employees, Membersfirst Credit Union serves its community by enabling its members to save and access loans when needed.


Official website here: www.membersfirstga.com

Is Membersfirst Credit Union legitimate?

Membersfirst Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Membersfirst 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: $535,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,587,437

For more financial information, click here


Official website here: www.membersfirstga.com

What is the mission statement of Membersfirst Credit Union?

Membersfirst Credit Union is committed to offering savings and loan services to its cooperative members. The mission of this financial institution is to facilitate the accumulation of savings and provide access to borrowing opportunities for its member-owners. By doing so, Membersfirst Credit Union aims to support the financial well-being of its members and empower them to manage their finances effectively. The cooperative structure allows Membersfirst Credit Union to prioritize the needs and interests of its members, making it a trusted financial partner for individuals and families.


Official website here: www.membersfirstga.com

Who is the CEO of Membersfirst Credit Union?

Terry Hardy is the Board Member of Membersfirst Credit Union. The CEO's salary of Membersfirst Credit Union is $280,513 and their total compensation is $321,968.


Official website here: www.membersfirstga.com

What is the revenue of Membersfirst Credit Union?

Membersfirst Credit Union's revenue in 2022 was $17,444,196.


Official website here: www.membersfirstga.com

Who are the executives of Membersfirst Credit Union and what are their salaries?

The average compensation at Membersfirst Credit Union during 2022 was $38,808. There are 132 employees at Membersfirst Credit Union.

Here are 24 key members and their salaries (Membersfirst Credit Union's CEO's salary is $280,513 and their total compensation is $321,968):

    Terry Hardy (President/Ceo)
  • Compensation: $280,513
  • Related: $0
  • Other: $41,455

    • Pamela Goehner (Vice President/Coo)
  • Compensation: $130,849
  • Related: $0
  • Other: $16,356

    • William Laughridge (Director Of It)
  • Compensation: $116,764
  • Related: $0
  • Other: $23,360

    • Laron Maloney (Vice President)
  • Compensation: $115,555
  • Related: $0
  • Other: $23,239

    • Kimberly Mcnary (Director Of Commercial & R)
  • Compensation: $122,454
  • Related: $0
  • Other: $7,146

    • James Coltrane (Vice President/Cfo)
  • Compensation: $123,802
  • Related: $0
  • Other: $5,012

    • Virginia Colegrove (Vice President Of E Commer)
  • Compensation: $122,286
  • Related: $0
  • Other: $5,018

    • Ayoka Stewart (Vice President)
  • Compensation: $105,109
  • Related: $0
  • Other: $15,248

    • Don Remillard (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Lewellyn (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Neunaber (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Billy Reid (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Reed (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Underwood (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Ward (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Hague (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Van Horn (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Dalrymple (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Odom (Committee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffery Thomas (Committee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Miller (Committee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jo Allen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elaine Moore (Committee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Lawson (Committee Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.membersfirstga.com

    Where can I find the form 990 for Membersfirst Credit Union?

    The Membersfirst Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.membersfirstga.com

    Learn more at the official website: www.membersfirstga.com

    Mission Statement of Membersfirst Credit Union

    Membersfirst Credit Union, a member-owned cooperative, is dedicated to offering savings and lending services to its members. This financial institution prides itself on providing essential financial services, enabling its members to save and borrow when needed. By doing so, Membersfirst Credit Union empowers individuals to take control of their financial futures.

    The mission of Membersfirst Credit Union is multifaceted. At its core, it focuses on providing thrift savings and borrowing opportunities to its members. This means that members can save their money with the credit union and, when the need arises, access loans to help cover various expenses. This service not only benefits individuals in the short term but also enables them to build a solid financial foundation for the future.

    Membersfirst Credit Union's commitment to its members extends beyond basic financial services. As a cooperative, it is owned and controlled by its members, ensuring that their interests are always a priority. This unique structure sets Membersfirst Credit Union apart from traditional financial institutions and fosters a strong sense of community among its members. Overall, Membersfirst Credit Union's mission is to provide a reliable, member-focused platform for savings and borrowing, empowering individuals to make informed financial decisions and secure a prosperous future.

    Impact

    This information is meant to be a general summary of Membersfirst Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Membersfirst Credit Union has a significant impact on the community in Decatur, Georgia by providing thrift savings and borrowings to its members. Through its cooperative model, Membersfirst Credit Union helps individuals to access financial services, establish savings habits, and secure affordable loans. By offering these essential financial resources, Membersfirst Credit Union contributes to the economic stability and well-being of its members and the local community. Overall, the credit union plays a crucial role in promoting financial inclusion and empowerment among its members.





    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: $987,922
  • Program Service Revenue: $10,291,534
  • Gross Receipts: $17,444,196

    • Assets and Liabilities:
  • Total Assets: $358,165,926
  • Total Liabilities: $320,040,842
  • Net Assets: $38,125,084
  • Programs

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

    INTEREST INCOME FROM LOANS

    Revenue

    $10,291,534

    Organization Details

    Founding Year

    1953

    Principal Officer

    Terry Hardy

    Main Address

    2476 LAWRENCEVILLE HWY, DECATUR, GA, 30033

    NTEE Category

    Code: W61 - Public benefit

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