MEMBERS FIRST CREDIT UNION

EIN: 870241679

Brigham City, UT

Total Revenue
$10,664,767
Total Expenses
$7,396,014
Total Assets
$184,331,299
Net Assets
$25,744,975
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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
1958
Legal Domicile
UT
Principal Officer
Darryn Hodgson
Phone
4357235231
Tax Period
2024-01-01 to 2024-12-31

MEMBERS FIRST CREDIT UNION, founded in 1958, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 31% operating margin.

Mission

State Chartered Credit Union

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,413,143
Other Revenue $8,251,624
TOTAL REVENUE $10,664,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,689,586
Fundraising Expenses $0
Program Expenses $0
Other Expenses $4,706,428
TOTAL EXPENSES $7,396,014

Year-over-Year Comparison

2024 2023 Change
Revenue $10,664,767 $8,953,255 +0.2%
Expenses $7,396,014 $6,015,196 +0.2%
Net Income $3,268,753 $2,938,059 +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

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Governance

Voting Members
6
Independent Members
6
Employees
43
Volunteers
6

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
2
$366,725
Total Directors
6
$0
Key Employees
2
$366,725
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darryn Hodgson CEO 50
Officer Key Emp Highest
$254,554 $0 $254,554
Megan Hansen COO 50
Officer Key Emp
$112,171 $0 $112,171
Scott Boehme Director 1
Director
$0 $0 $0
Scott Tervort Director 1
Director
$0 $0 $0
BRAD BARBER DIRECTOR 1
Director
$0 $0 $0
BECKY DUNCAN DIRECTOR 1
Director
$0 $0 $0
CLYDE WOHLGEMUTH DIRECTOR 1
Director
$0 $0 $0
MALONE MOLGARD DIRECTOR 1
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 $10,664,767 $7,396,014 $184,331,299 $3,268,753
2023 $8,953,255 $6,015,196 $172,586,167 $2,938,059
2022 $7,331,739 $5,170,593 $178,531,968 $2,161,146
2021 $6,008,221 $4,503,213 $180,043,540 $1,505,008
2020 $6,234,437 $5,432,851 $154,443,681 $801,586
2019 $6,765,739 $5,333,429 $136,260,524 $1,432,310
2018 $5,949,604 $4,939,972 $123,484,533 $1,009,632
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