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
299
Year formed
1936
Most recent tax filings
2023-12-01
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
$54,322,500
2023
Total expenses
$51,839,473
2023
Total assets
$827,697,863
2023
Num. employees
299
2023

Program areas at MFCU

Provided approximately 58,000 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 63,000 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
Kids' Food BasketCharitable Contribution$11,000
Great Lakes Bay PrideCharitable Contribution$10,300
Gladwin Schools Support Staff AssociationCharitable Contribution$10,000
...and 4 more grants made

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$204,273
Tamara McGovernChief Financial Officer$309,313
Anna ZielinskiExecutive Vice President$298,368
Nicholas GroulxVice President Channel Delivery$162,559
...and 6 more key personnel

Financials for MFCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,500,000
Program services$48,887,806
Investment income and dividends$3,922,094
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$12,600
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$54,322,500

Form 990s for MFCU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-03990View PDF
2021-122022-10-03990View PDF
2020-122021-11-11990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s
Data update history
February 7, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 18, 2025
Updated personnel
Identified 3 new personnel
June 14, 2024
Used new vendors
Identified 5 new vendors, including , , , , and
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsCredit 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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