2024-05-07T16:20:21-04:00 2023-12-31 371144423 ARNOLD BEHRENS NESBIT GRAY PC 901 HAMPSHIRE ST QUINCY IL 62301 990 2023-01-01 370811658 MEMBERS FIRST COMMUNITY CREDIT UNION MEMB 2172234377 1201 N 24TH ST PO BOX 3722 QUINCY IL 623053722 THERESA MCEWEN PRESIDENT/TREASURER 2172234377 2024-04-25 true THERESA MCEWEN 999009999 true ROBERT G GRAY P00004729 2172247500 2024-05-02 2023 2023-04-26 12:10:37Z THERESA MCEWEN 1201 N 24TH ST PO BOX 3722 QUINCY IL 623053722 7137710 false X WWW.MEMBERSFIRSTCCU.COM X 1954 IL MFCCU IS A NON-PROFIT MEMBER-OWNED FINANCIAL COOPERATIVE COMMITTED TO THE "PEOPLE HELPING PEOPLE" PHILOSOPHY AND DEDICATED TO PROVIDING STABLE, COMPREHENSIVE, AND COMPETITIVE FINANCIAL SERVICES TO MEET MEMBER NEEDS. 6 6 37 6 0 0 5993442 7062133 227089 75577 0 6220531 7137710 0 0 1879306 1998219 0 0 2254635 2401701 4133941 4399920 2086590 2737790 84844760 90157591 64241432 66816473 20603328 23341118 X MFCCU IS A NON-PROFIT MEMBER-OWNED FINANCIAL COOPERATIVE COMMITTED TO THE "PEOPLE HELPING PEOPLE" PHILOSOPHY AND DEDICATED TO PROVIDING STABLE, COMPREHENSIVE, AND COMPETITIVE FINANCIAL SERVICES TO MEET MEMBER NEEDS. false false 4399920 7062133 PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 7,189 MEMBERS. PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECMEBER 31, 2023, THERE WERE 6,842 LOANS OUTSTANDING TOTALING 70,947,975. PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING 419,324 FOR THE YEAR. 4399920 false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 3 0 true 37 true false false false false false false false false X 6 6 false false false false true true true true true false true true true true true true true true true false false X THERESA MCEWEN 2172234384 1201 N 24TH ST PO BOX 3722 QUINCY IL 623053722 THERESA MCEWEN PRESIDENT/TR 50.00 X X 260062 0 0 TRACIE DAWN EATON MEMBER 1.00 X 0 0 0 ERIC GREEN VICE CHAIRPE 1.00 X X 0 0 0 MELISSA HAMILTON SECRETARY 1.00 X X 0 0 0 KOLEEN LORD MEMBER 1.00 X 0 0 0 JONATHAN STRAUBE MEMBER 1.00 X 0 0 0 KEVIN TURNBULL CHAIRPERSON 1.00 X X 0 0 0 260062 1 false true false AUTO LOAN INTE 1623623 1623623 1ST MORTGAGE I 1318313 1318313 SHARE DRAFT FE 1028400 1028400 LOAN INTEREST 585656 585656 DB CARD INTERC 464083 464083 2042058 2042058 7062133 75577 75577 7137710 7062133 75577 X 1625678 1625678 108000 108000 141462 141462 123079 123079 44949 44949 14400 14400 48345 48345 45380 45380 50625 50625 84184 84184 94858 94858 152801 152801 DATA PROCESSIN 528104 528104 DEBIT CARD/CU 318899 318899 VISA CREDIT CA 219128 219128 TERM SHARE DIV 152073 152073 647955 647955 4399920 4399920 0 0 12287033 14728236 2120000 370000 65635816 70193023 109721 127122 4088385 2083008 2038884 2005377 2653306 2733833 84844760 90157591 991494 1540471 63249938 65276002 64241432 66816473 X 20603328 23341118 20603328 23341118 84844760 90157591 X 2737790 X X true true true true 309211 309211 2171243 776185 1395058 1474413 1177285 297128 133518 129538 3980 2005377 REGULAR SHARES 30716725 SHARE DRAFTS 16965731 SHARE CERTIFIC 7260103 NON MEMBERS SH 4563000 SPECIAL 2472335 IRA 1356100 HEALTH SAVINGS 1229791 KASASA SHARES 413235 VACATION 160163 CLUB ACCOUNTS- 83238 SUSPENSE 55581 65276002 X X X false false false THERESA MCEWEN PRESIDENT/TREASURER 166083 93979 260062 FORM 990 PART IV LINE 12 THE CREDIT UNION HAD AN INDEPENDENT AUDIT PERFORMED DURING THE YEAR, BUT IT WAS FOR A DIFFERENT FISCAL YEAR-END THAN THE TAX YEAR-END. FORM 990, PAGE 1, PART I, LINE 6 THE MEMBERS OF THE CREDIT UNION'S BOARD DONATE THEIR TIME TO SERVE ON THE BOARD. THE BOARD MEMBERS ATTEND MONTHLY MEETINGS AND PERFORM PROCEDURES TO CHECK DIFFERENT ASPECTS OF THE CREDIT UNION'S DAILY ACTIVITIES. NO COMPENSATION IS RECEIVED FOR SERVING ON THE BOARD. FORM 990, PART III LINE 4A TOTAL LOANS IN THIS SECTION ARE 70,193,023, WHICH REPRESENTS THE GROSS AMOUNT. LOANS NET OF THE ALLOWANCE FOR LOAN LOSSES OF 646,834 TOTAL 70,193,023. FORM 990, PAGE 6, PART VI, LINE 6 YES. THE CREDIT UNION IS MEMBER OWNED. THE MEMBERS HAVE AN ANNUAL MEETING AND THE BOARD OF DIRECTORS ARE VOTED ON BY THE MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A THE GOVERNING BODY IS ELECTED FROM AND BY THE MEMBERSHIP ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 7B FROM TIME TO TIME, CERTAIN DECISIONS WILL BE PRESENTED TO THE MEMBERSHIP FOR A VOTE, WHICH ARE THEN DETERMINED ON A CASE BY CASE BASIS. FORM 990, PAGE 6, PART VI, LINE 11B COPIES OF THE FINAL FORM 990 AND SCHEDULES WERE SUPPLIED TO EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS WERE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN PREPARER, OTHER BOARD MEMBERS, OR EXECUTIVE OFFICERS WITH ANY QUESTIONS OR CONCERNS. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS REVIEW INDIVIDUAL CONFLICTS OF INTEREST STATEMENTS. IF THERE WAS A CONFLICT OF INTEREST THE PERSON WOULD HAVE TO REMOVE HIMSELF FROM VOTING POWER. EACH BOARD MEMBER ALSO SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD REVIEWS COMPENSATION ANNUALLY, AND UTILIZES COMPENSATION STUDIES AND THE RECOMMENDATION OF A COMPENSATION COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E ULTIMATE CHECK 99,579 0 0 NON MEMBER DIV 87,522 0 0 VISA DEBIT CAR 77,162 0 0 REFUND FORIEGN 51,829 0 0 BAD DEBTS/SHAR 48,190 0 0 CUMIS BOND 46,253 0 0 CREDIT BUREAU 41,595 0 0 HSA DIVIDENDS 36,679 0 0 SERVICE FEES - 22,279 0 0 REAL ESTATE TA 22,200 0 0 IRA DIVIDENDS 21,430 0 0 SHARE DIVIDEND 16,728 0 0 ICUL DUES 16,050 0 0 ARMORED CAR SE 14,424 0 0 KASASA TUNES 13,709 0 0 CAR FAX 13,188 0 0 KASASA CASH BA 9,337 0 0 LOAN EXPENSES 8,143 0 0 EQUIP MAINTENA 7,514 0 0 SHARE DRAFT PR 6,772 0 0 DEBIT/CC CHARG 6,078 0 0 IRA SERVICE FE 2,927 0 0 KASASA DIVIDEN 2,898 0 0 MONEY MARKET D 1,882 0 0 SIMPLI FILE-MO 1,590 0 0 CLOSING EXP-CR 427 0 0 TITLE FEE EXP 372 0 0 BUSINESS CHECK 199 0 0 CLUB ACCOUNT D 185 0 0 CHAPTER DUES 150 0 0 SPECIAL SHARES 148 0 0 CASH OVER/SHOR 134 0 0 ROCKET COLLECT 6 0 0 CLOSING EXP - -2,137 0 0 NON OPERATING -27,487 0 0 TOTAL 647,955 0 0 FORM 990, PART XI, LINE 9 NET ASSETS FROM MERGER 0 FORM 990, PART XII LINE 2B THE CREDIT UNION HAD AN INDEPENDENT AUDIT PERFORMED DURING THE YEAR, BUT IT WAS FOR A DIFFERENT FISCAL YEAR-END THAN THE TAX YEAR-END.