MEMBERSFIRST CREDIT UNION (EIN 581489204) - 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

1953

Legal Domicile

Principal Officer

TERRY HARDY

Phone

4043891239

Tax Period

2024-01-01 to 2024-12-31

MEMBERSFIRST CREDIT UNION, founded in 1953, is a mid-sized nonprofit that reported $24.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $21.2M left a modest 14% surplus.

Mission

TO PROVIDE THRIFT SAVINGS AND BORROWINGS TO MEMBERS OF AN OWNED COOPERATIVE

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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 $14,202,577

Investment Income $4,382,887

Other Revenue $6,014,186

TOTAL REVENUE $24,599,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,545,276

Fundraising Expenses $0

Other Expenses $6,775,365

TOTAL EXPENSES $21,227,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,599,650	$20,930,076	+0.2%
Expenses	$21,227,210	$17,402,991	+0.2%
Net Income	$3,372,440	$3,527,085	0.0%

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

119

Volunteers

N/A

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

$511,899

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON REMILLARD	BOARD MEMBER	0.00	Director	$0	$0	$0
DON NEUNABER	BOARD MEMBER	0.00	Director	$0	$0	$0
BILLY REID	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUGLAS REED	BOARD MEMBER	0.00	Director	$0	$0	$0
LEE UNDERWOOD	BOARD MEMBER	0.00	Director	$0	$0	$0
JANICE ALEXANDER	BOARD MEMBER	0.00	Director	$0	$0	$0
JACK HAGUE	BOARD MEMBER	0.00	Director	$0	$0	$0
JOE VAN HORN	BOARD MEMBER	0.00	Director	$0	$0	$0
RICHARD DALRYMPLE	BOARD MEMBER	0.00	Director	$0	$0	$0
THOMAS ODOM	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
JEFFERY THOMAS	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
CHRISTINA MILLER	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
ELAINE MOORE	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
NANCY LAWSON	COMMITTEE MEMBER	0.00	Director	$0	$0	$0
TERRY HARDY	PRESIDENT/CEO	40.00	Officer	$325,935	$44,835	$370,770
JAMES COLTRANE	VICE PRESIDENT/CFO	40.00	Officer	$135,895	$5,234	$141,129
GWEN HARDY	SENIOR VP	40.00	Highest	$293,218	$10,234	$303,452
DAVEETH O SVANSSON	VP/CONSUMER LENDING	40.00	Highest	$137,678	$21,605	$159,283
KIMBERLY MCNARY	VP OF COMMERCIAL & REAL ESTATE	40.00	Highest	$145,137	$5,929	$151,066
WILLIAM LAUGHRIDGE	VP OF IT	40.00	Highest	$139,274	$26,082	$165,356
VIRGINIA COLEGROVE	VP OF MEMBER EXPERIENCE	40.00	Highest	$138,900	$5,560	$144,460

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
2024	$24,599,650	$21,227,210	$418,645,559	$3,372,440
2023	$20,930,076	$17,402,991	$394,800,116	$3,527,085
2022	$17,444,196	$13,316,207	$358,165,926	$4,127,989
2021	$15,204,020	$12,364,867	$348,729,006	$2,839,153
2020	$14,221,720	$12,945,548	$301,036,922	$1,276,172
2019	$15,597,660	$13,682,066	$243,776,744	$1,915,594
2018	$14,066,943	$12,490,056	$234,962,235	$1,576,887

MEMBERSFIRST CREDIT UNION