MEMBERS FIRST CREDIT UNION OF NH (EIN 020226828) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

Courtney Fifield

Phone

6036228781

Tax Period

2024-01-01 to 2024-12-31

MEMBERS FIRST CREDIT UNION OF NH, founded in 1949, is a mid-sized nonprofit that reported $13.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $11.1M left a modest 15% surplus.

Mission

Provide credit union members with low cost/high value financial services.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,126,896

Investment Income $2,733,255

Other Revenue $2,176,770

TOTAL REVENUE $13,036,921

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $4,016,117

Fundraising Expenses $0

Program Expenses $11,108,407

Other Expenses $4,668,633

TOTAL EXPENSES $11,108,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,036,921	$11,487,889	+0.1%
Expenses	$11,108,407	$9,417,310	+0.2%
Net Income	$1,928,514	$2,070,579	-0.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$271,499

Total Directors

Key Employees

$397,913

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Courtney Fifield	President/CEO	40	Officer	$271,499	$0	$271,499
Thomas Andrew	SVP-Chief Lending Officer	40	Key Emp Highest	$215,528	$0	$215,528
Karl Betz	SVP & Chief Financial Officer	40	Key Emp Highest	$182,385	$0	$182,385
Michael Simoneau	SVP Community Outreach Officer	40	Highest	$134,701	$0	$134,701
Heidi Beaulieu	VP Consumer Lending & IT	40	Highest	$126,739	$0	$126,739
Christine Whittaker	AVP Mortgage Lending	40	Highest	$116,504	$0	$116,504
Patricia Ryan	Executive Assistant/Board Clerk	40	Highest	$109,240	$0	$109,240
Richard Plante	Treasurer	5	Director	$0	$0	$0
Matthew Normand	Vice Chairperson	5	Director	$0	$0	$0
Colleen Murray	Secretary/Credit Committee Member	5	Director	$0	$0	$0
David Mara	Chairman of Board	5	Director	$0	$0	$0
Paul Beaudoin	Board Member/Credit Committee Member	5	Director	$0	$0	$0
Jane Gile	Supervisory Committee Chair	5	Director	$0	$0	$0
Gary Simmons	Board Member/Credit Committee Chairperson	5	Director	$0	$0	$0
Ashlee Medina	Board Member	5	Director	$0	$0	$0
Adam Hollis	Board Member/Credit Committee Member	5	Director	$0	$0	$0
Joan Mannon	Supervisory Committee Member	5	Director	$0	$0	$0
Steve Simmons	Supervisory Committee Member	5	Director	$0	$0	$0
Timothy Soucy	Board Member/Credit Committee Member	5	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$13,036,921	$11,108,407	$256,922,419	$1,928,514
2023	$11,487,889	$9,417,310	$250,462,433	$2,070,579
2022	$9,857,819	$8,515,356	$244,669,595	$1,342,463
2021	$9,030,038	$8,367,352	$249,883,111	$662,686
2020	$8,681,671	$8,097,134	$226,612,558	$584,537
2019	$9,223,653	$8,199,644	$192,962,528	$1,024,009
2018	$8,615,304	$8,157,387	$185,692,511	$457,917

MEMBERS FIRST CREDIT UNION OF NH