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.
Personnel at MFCU
| Name | Title | Compensation | Date of data |
|---|
| Carrie Iafrate | President and Chief Executive Officer / Executive Vice President of Development | $400,465 | 2022-12-31 |
| Amy Garver | Chief Operating Officer / Vice President of Operations / Vice President Member Services / Vice President of Member Services | $202,632 | 2022-12-31 |
| Tamara McGovern | Chief Financial Officer | $345,035 | 2023-11-03 |
| Trish Ross | Vice President of Marketing | $125,412 | 2021-12-31 |
| Anna Zielinski | Executive Vice President | $298,368 | 2022-12-31 |
| ...and 5 more key personnel |
Financials for MFCU
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $1,826,265 | $0 | 999% |
| Program services | $39,123,821 | $35,436,134 | 10.4% |
| Investment income and dividends | $3,756,657 | $2,829,848 | 32.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $4,400 | $-15,522 | 128.3% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $44,711,143 | $38,250,460 | 16.9% |
Organizations like MFCU
| Organization | Type | Location | Revenue |
|---|
| Astera Credit Union | 501(c)(14) | Lansing, MI | $11,400,277 |
| Credit Unions Chartered in the State of Michigan - 281 Embers Credit Union | 501(c)(14) | Marquette, MI | $21,128,039 |
| Credit Unions Chartered in the State of Michigan - 1206 Dort Financial Credit Union | 501(c)(14) | Grand Blanc, MI | $82,148,923 |
| Community Financial Credit Union (CFCU) | 501(c)(14) | Plymouth, MI | $68,299,039 |
| Michigan First Credit Union | 501(c)(14) | Lathrup Village, MI | $108,549,762 |
| Lake Trust Credit Union | 501(c)(14) | Brighton, MI | $102,003,770 |
| Advia Credit Union - 71 Advia Credit Union | 501(c)(14) | Kalamazoo, MI | $137,191,450 |
| United Bay Community Credit Union | 501(c)(14) | Bay City, MI | $11,618,988 |
| Credit Unions Chartered in the State of Michigan - 97 Vibe Credit Union | 501(c)(14) | Novi, MI | $25,404,715 |
| Central Corporate Credit Union | 501(c)(14) | Southfield, MI | $16,468,140 |
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/Â
- Phone
- (855) 835-6328
- Facebook page
- MembersFirstMIÂ
- Twitter profile
- @membersfirstmiÂ
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
Free account sign-up
Want updates when MFCU has new information, or want to find more organizations like Credit UNIONS CHARTERED IN THE STATE OF Michigan - 126 Members First Credit Union (MFCU)?
Create free Cause IQ account