MEMBERS 1ST CREDIT UNION

EIN: 940362026

REDDING, CA

Total Revenue
$16,945,604
Total Expenses
$12,373,832
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
CA
Principal Officer
CAROLINE REDMANN
Phone
5302226060
Tax Period
2025-01-01 to 2025-10-30

MEMBERS 1ST CREDIT UNION, founded in 1936, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2025. The organization ran a surplus of $4.6M, a strong 27% operating margin.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, MEMBERS 1ST CREDIT UNIONCONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICESOF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.

Program Service Accomplishments

Program 1

GENERAL SERVICE TO OUR MEMBERS: THE DELIVER CHANNELS INCLUDE FIVE BRANCH LOCATIONS WHERE STAFF ARE FULLY TRAINED AND AVAILABLE TO PROVIDE SERVICES RELATED TO LOAN AND DEPOSIT TRANSACTIONS. ALL...

Read more

GENERAL SERVICE TO OUR MEMBERS: THE DELIVER CHANNELS INCLUDE FIVE BRANCH LOCATIONS WHERE STAFF ARE FULLY TRAINED AND AVAILABLE TO PROVIDE SERVICES RELATED TO LOAN AND DEPOSIT TRANSACTIONS. ALL BRANCHES INCLUDE ATM ACCESS. A FINANCIAL PLANNER IS AVAILABLE TO ADVISE MEMBERS AT NO CHARGE. THE CREDIT UNION SERVICES APPROXIMATELY 24,000 MEMBERS. THE CORPORATE OFFICE HOUSES A CALL CENTER, WEBSITE STAFF, AND OTHER KEY EMPLOYEES WHOSE JOBS REVOLVE AROUND KEEPING THE CREDIT UNION OPERATIONS SAFE AND SECURE. THE CREDIT UNION STRIVES TO BE GREAT VALUE TO ITS MEMBERS. PRODUCTS ARE COMPETITIVELY PRICED AND MANY TRANSACTIONS CAN BE CONDUCTED ON THE CREDIT UNION'S WEBSITE OR MOBILE APP 24 HOURS PER DAY, 7 DAYS PER WEEK.

Program 2

LENDING PROGRAM: MEMBERS 1ST CREDIT UNION FIRST BEGAN LENDING TO ITS MEMBERS IN 1936. WE HAVE A SUCCESSFUL TRACK RECORD OF HELPING COMMUNITY MEMBERS ESTABLISH CREDIT. WE PROVIDE AUTO, MORTGAGES...

Read more

LENDING PROGRAM: MEMBERS 1ST CREDIT UNION FIRST BEGAN LENDING TO ITS MEMBERS IN 1936. WE HAVE A SUCCESSFUL TRACK RECORD OF HELPING COMMUNITY MEMBERS ESTABLISH CREDIT. WE PROVIDE AUTO, MORTGAGES, PERSONAL LOANS AND CREDIT CARDS OFFERED AT COMPETITIVE RATES. EXPENSES ASSOCIATED WITH LENDING INCLUDE STAFF MEMBERS AND OTHER COST GENERALLY ASSOCIATED WITH OPERATING AN OFFICE. M1CU RECEIVED A CDFI GRANT THAT WAS USED AS INCOME TO OFFSET LOAN LOSSES IN 2025.

Program 3

DEPOSIT SERVICES: EXTENDING COMPETITIVE SAVINGS RATES TO OUR MEMBERS ENABLES THE CREDIT UNION TO GROW, REWARD SAVERS, HAVE ACCESSIBLE FUNDS TO LEND TO BORROWERS, AND FULFILL OUR COOPERATIVE MISSION...

Read more

DEPOSIT SERVICES: EXTENDING COMPETITIVE SAVINGS RATES TO OUR MEMBERS ENABLES THE CREDIT UNION TO GROW, REWARD SAVERS, HAVE ACCESSIBLE FUNDS TO LEND TO BORROWERS, AND FULFILL OUR COOPERATIVE MISSION. MULTIPLE TYPES OF INDIVIDUAL RETIREMENT ACCOUNTS ARE OFFERED TO SERVE THE MEMBERSHIP INTO THE FUTURE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,234,147
Investment Income $3,529,772
Other Revenue $181,685
TOTAL REVENUE $16,945,604

Expense Breakdown

Grants Paid $45,540
Salaries & Benefits $4,797,493
Fundraising Expenses $0
Other Expenses $7,530,799
TOTAL EXPENSES $12,373,832

Year-over-Year Comparison

2025 2024 Change
Revenue $16,945,604 $17,076,694 0.0%
Expenses $12,373,832 $13,695,108 -0.1%
Net Income $4,571,772 $3,381,586 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
61
Volunteers
14

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
1
$329,713
Total Directors
14
$0
Key Employees
1
$172,607
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH REED BOARD CHAIR 1.00
Director
$0 $0 $0
SHARON O'QUIN BOARD VICE CHAIR 1.00
Director
$0 $0 $0
KARINA LAPP BOARD TREASURER & SECRETARY 1.00
Director
$0 $0 $0
ALLEN FELSENTHAL BOARD MEMBER 1.00
Director
$0 $0 $0
GRIFFITH TONKIN BOARD MEMBER 1.00
Director
$0 $0 $0
JASON MONTAGUE BOARD MEMBER 1.00
Director
$0 $0 $0
RILEY BRESLIN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC WOODSTROM BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT BADGER BOARD MEMBER 1.00
Director
$0 $0 $0
BLAKE WERNER BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN FRASER SUPERVISORY COMMITTEE CHAIR 1.00
Director
$0 $0 $0
STEVE CLARK SUPERVISORY COMMITTEE MEMBER 1.00
Director
$0 $0 $0
AMANDA DEOCAMPO SUPERVISORY COMMITTEE MEMBER 1.00
Director
$0 $0 $0
CAROLINE REDMANN CEO/PRESIDENT 40.00
Officer
$297,982 $31,731 $329,713
AARON PITROFF VP OF LENDING 40.00
Key Emp
$152,565 $20,042 $172,607
NOEL STRATTON VP OF IT 40.00
Highest
$134,668 $5,971 $140,639
JOSHUA MARKLE VP OF MARKETING/HR 40.00
Highest
$132,125 $7,777 $139,902
MEGAN LITTLER VP OF OPERATIIONS 40.00
Highest
$128,381 $5,044 $133,425
MICHAEL HANICH INDIRECT LOAN MANAGER 40.00
Highest
$110,905 $5,854 $116,759
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 $16,945,604 $12,373,832 No data $4,571,772
2024 $17,076,694 $13,695,108 $340,724,621 $3,381,586
2023 $14,755,196 $11,999,082 $317,741,113 $2,756,114
2022 $12,578,808 $10,309,174 $328,864,768 $2,269,634
2021 $10,925,251 $9,029,091 $307,109,045 $1,896,160
2020 $10,530,549 $8,590,863 $274,338,047 $1,939,686
2019 $10,283,143 $8,281,570 $230,584,598 $2,001,573
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MEMBERS 1ST CREDIT UNION with other nonprofits in California and across the country.