Members First Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,422,609 | 5,104,851 | 317,758 | 20.0 | 23% |
| 2012 | 5,003,286 | 4,120,159 | 883,127 | 27.4 | 26% |
| 2013 | 4,599,328 | 4,082,706 | 516,622 | 29.2 | 33% |
| 2014 | 4,564,334 | 4,105,165 | 459,169 | 30.4 | 31% |
| 2015 | 4,848,149 | 4,100,233 | 747,916 | 32.6 | 33% |
| 2016 | 5,032,821 | 4,352,272 | 680,549 | 32.6 | 32% |
| 2017 | 5,427,131 | 4,610,587 | 816,544 | 32.9 | 33% |
| 2018 | 5,949,604 | 4,939,972 | 1,009,632 | 33.1 | 34% |
| 2019 | 6,765,739 | 5,333,429 | 1,432,310 | 33.9 | 32% |
| 2020 | 6,234,437 | 5,432,851 | 801,586 | 35.1 | 37% |
| 2021 | 6,008,221 | 4,503,213 | 1,505,008 | 46.3 | 42% |
| 2022 | 7,331,739 | 5,170,593 | 2,161,146 | 45.3 | 38% |
| 2023 | 8,953,255 | 6,015,196 | 2,938,059 | 44.8 | 34% |
In its most recent public year (2023), this organization brought in $2,938,059 more than it spent. Its reserves stood at about 44.8 months of spending, up from 20 in 2011. Staff pay was 34% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Members First Credit Union's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works