Members 1st Credit Union

Organization Overview

Members 1st Credit Union is located in Brattleboro, VT. The organization was established in 1987. 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, Members 1st Credit Union employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Members 1st Credit Union 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, Members 1st Credit Union generated $822.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $732.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREDIT UNION/NOT FOR PROFIT FINANCIAL INSTITUTION

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOT A REQUIRED FIELD SINCE WE ARE A 501 (C) 14


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Board, Officers & Key Employees

Name (title)Compensation
Evelyn Sirois
CEO
$83,079
Kathy King
Supervisory Committee Chair Person
$0
Steve Clark
Director
$0
William Harvey
Secretary
$0
Amanda Smith
Director
$0
Betty Chamberlin
Director
$0

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$813,377
Investment income $6,325
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $822,671

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