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EIN 38-1489454

CREDIT UNIONS CHARTERED IN THE STATE OF Michigan - 126 Members First CREDIT Union (MFCU)

IRS 501(c) type
501(c)(14)
Num. employees
286
City
Midland
State
Michigan
Year formed
1936
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
The mission of Members First Credit Union is to make a positive difference in the lives of their members and their community by providing Financial Services to their members in the Form of Deposit and Loan Services.
Related structure
MFCU is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Unions Chartered in the State of Michigan; 126 Members First Credit Union
Total revenues
$44,711,143
2022
Total expenses
$39,920,308
2022
Total assets
$814,371,674
2022
Num. employees
286
2022

Program areas at MFCU

Provided approximately 22,000 loans to Members, including consumer, real estate, Credit card and small business loans.
Offer Members various methods to achieve their financial goals through personal contact, electronic and online services.
Offer over 61,000 Members methods to increase their financial wellbeing with savings, checking, certificates of deposit and other deposit and investment products and options.

Grants made by MFCU

GranteeGrant descriptionAmount
Michigan Credit Union FoundationCharitable Contribution$10,000

Personnel at MFCU

NameTitleCompensation
Carrie IafratePresident and Chief Executive Officer / Executive Vice President of Development$400,465
Amy GarverChief Operating Officer / Vice President of Operations / Vice President Member Services / Vice President of Member Services$202,632
Tamara McGovernChief Financial Officer$345,035
Trish RossVice President of Marketing$125,412
Anna ZielinskiExecutive Vice President$298,368
...and 5 more key personnel

Financials for MFCU

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,826,265
Program services$39,123,821
Investment income and dividends$3,756,657
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,400
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$44,711,143

Form 990s for MFCU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF
2021-122022-10-03990View PDF
2020-122021-11-11990View PDF
2019-122021-06-08990View PDF
2018-122019-12-06990View PDF
...and 9 more Form 990s
Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 9 new vendors, including , , , , , , , , and
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
600 W Wackerly St
Midland, MI 48640
Metro area
Midland, MI
County
Midland County, MI
Website URL
mfcu.net/ 
Phone
(855) 835-6328
Facebook page
MembersFirstMI 
Twitter profile
@membersfirstmi 
IRS details
EIN
38-1489454
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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