Nonprofit · EIN 87-0241679
MEMBERS FIRST CREDIT UNION
Tax-exempt · BRIGHAM CITY, UT 84302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,343,497 | $7,808,717 | $3,534,780 | $199,674,383 | $170,394,628 | $29,279,755 |
| December 31, 2024 | 990 | $10,664,767 | $7,396,014 | $3,268,753 | $184,331,299 | $158,586,324 | $25,744,975 |
| December 31, 2023 | 990 | $8,953,255 | $6,015,196 | $2,938,059 | $172,586,167 | $150,109,945 | $22,476,222 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $3,067,876
- Other revenue
- $8,275,621
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $387,273
- Other salaries and wages
- $1,821,508
- Salaries, compensation and benefits (total)
- $2,737,350
- Professional fundraising fees
- $0
- Legal fees
- $16,300
- Occupancy
- $153,850
- Travel
- $2,879
- Depreciation
- $164,547
Balance sheet and other
- Total assets, start of year
- $184,331,299
- Total assets, end of year
- $199,674,383
- Total liabilities, end of year
- $170,394,628
- Net assets, end of year
- $29,279,755
- Land, buildings and equipment
- $3,715,369
- Publicly traded securities
- $73,039,365
- Gross receipts
- $11,343,497
- Employees
- 43
- Volunteers
- 7
- Year formed
- 1958
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darryn Hodgson | CEO Officer, Key employee, Highest-paid employee | 50 | $263,602 |
| Megan Hansen | COO Officer, Key employee | 50 | $123,671 |
| Taylor Boehme | Director Trustee or director | 1 | $0 |
| Scott Tervort | Director Trustee or director | 1 | $0 |
| Brad Barber | Director Trustee or director | 1 | $0 |
| Justin Palmer | Director Trustee or director | 1 | $0 |
| Clyde Wohlgemuth | Director Trustee or director | 1 | $0 |
| Malone Molgard | Director Trustee or director | 1 | $0 |
| Ben Hadfield | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darryn Hodgson | CEO Officer, Key employee, Highest-paid employee | 50 | $254,554 |
| Megan Hansen | COO Officer, Key employee | 50 | $112,171 |
| Scott Boehme | Director Trustee or director | 1 | $0 |
| Scott Tervort | Director Trustee or director | 1 | $0 |
| BRAD BARBER | DIRECTOR Trustee or director | 1 | $0 |
| BECKY DUNCAN | DIRECTOR Trustee or director | 1 | $0 |
| CLYDE WOHLGEMUTH | DIRECTOR Trustee or director | 1 | $0 |
| MALONE MOLGARD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darryn Hodgson | CEO Officer, Key employee, Highest-paid employee | 50 | $254,554 |
| Megan Hansen | COO Officer, Key employee | 50 | $112,171 |
| Scott Boehme | Director Trustee or director | 1 | $0 |
| Scott Tervort | Director Trustee or director | 1 | $0 |
| BRAD BARBER | DIRECTOR Trustee or director | 1 | $0 |
| BECKY DUNCAN | DIRECTOR Trustee or director | 1 | $0 |
| CLYDE WOHLGEMUTH | DIRECTOR Trustee or director | 1 | $0 |
| MALONE MOLGARD | DIRECTOR Trustee or director | 1 | $0 |
| TERRY THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 120 E 1000 S, BRIGHAM CITY, UT 84302-4357
- Principal officer (990 for 2025)
- MEMBERS FIRST CREDIT UNION, 120 E 1000 S, BRIGHAM CITY, UT 84302
- Signed the 990
- Darryn Hodgson, CEO
- Phone
- (435) 723-5231
- Website
- www.memfirstcu.com
Mission
State Chartered Credit Union
Program accomplishments
- STATE CHARTERED CREDIT UNION
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-0241679
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1349: CREDIT UNIONS CHARTERED IN THE STATE OF UTAH
- Assets (IRS master file)
- $199,674,383
- Income (IRS master file)
- $11,343,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,343,497 | $7,808,717 | $199,674,383 | IRS |
| 990 | December 2024 | $10,664,767 | $7,396,014 | $184,331,299 | IRS |
| 990 | December 2023 | $8,953,255 | $6,015,196 | $172,586,167 | XML |
| 990 | December 2022 | $7,331,739 | $5,170,593 | $178,531,968 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-0241679).
Questions about MEMBERS FIRST CREDIT UNION
- What is the EIN of MEMBERS FIRST CREDIT UNION?
- The employer identification number (EIN) of MEMBERS FIRST CREDIT UNION is 87-0241679.
- Is MEMBERS FIRST CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to MEMBERS FIRST CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMBERS FIRST CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMBERS FIRST CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMBERS FIRST CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MEMBERS FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2025 names MEMBERS FIRST CREDIT UNION.
- Who are the officers and directors of MEMBERS FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $263,602 (Darryn Hodgson, CEO).
- How much revenue does MEMBERS FIRST CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,343,497, expenses of $7,808,717 and total assets of $199,674,383 at year end.
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