EIN 56-6043259

Members Credit Union

Name: Members Credit Union financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(14)

Num. employees

134

City

Winston Salem

State

North Carolina

Year formed

1953

Most recent tax filings

2022-12-01

NTEE code, primary

W60: Financial Institutions, Credit Unions

Description

Members Credit Union contributes to the well-being of its members by offering diverse products and reasonable services. The credit union provides loans to its members, with a total of 35,298 loans given out. Additionally, Members Credit Union offers services to all of its 50,873 members, including checking and savings accounts, consumer loans, and mortgage loans through Highland Residential Mortgage.

Related structure

Members Credit Union is child organization, under the parent exemption from State Chartered Credit Unions in North Carolina.

Also known as...

State Chartered Credit Unions in NC Members Credit Union; State Chartered Credit Unions in North Carolina

Total revenues

$22,460,729

2022

Total expenses

$16,270,011

2022

Total assets

$463,047,549

2022

Num. employees

134

2022

Program areas at Members Credit Union

Credit Union programs. Loans to members. Total number of loans equal 35,298. Services to all members. Total number of members equal 50,873 Checking accounts, savings accounts, consumer loans, mortgage loans through Highland Residential Mortgage. Members financial planning. Remote account access. Family Security Plan. Ability to perform transactions through the Co-Op Shared Branching network.

Personnel at Members Credit Union

Name	Title	Compensation	Date of data
Robert C Donley	President and Chief Executive Officer	$495,670	2023-04-27
Cindy J Stiff	Chief Financial Officer and Treasurer	$157,365	2022-12-31
Tim Mullen	Senior Vice President of Lending and Operations	$155,043	2022-12-31
Matthew Baldwin	Director of Information Technology	$108,803	2022-12-31
Eric Stiff	Senior Vice President of Member Experience	$155,632	2021-12-31
...and 4 more key personnel

Financials for Members Credit Union

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$17,993,943	$16,022,589	12.3%
Investment income and dividends	$4,322,666	$2,419,064	78.7%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$100,238	$0	999%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$43,882	$47,471	-7.6%
Total revenues	$22,460,729	$18,489,124	21.5%

Form 990s for Members Credit Union

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-04-27	990	View PDF
2021-12	2022-05-11	990	View PDF
2020-12	2021-06-30	990	View PDF
2019-12	2020-09-23	990	View PDF
2018-12	2019-11-15	990	View PDF
...and 9 more Form 990s

Organizations like Members Credit Union

Organization	Type	Location	Revenue
Mountain Credit Union	501(c)(14)	Waynesville, NC	$17,481,627
Nova Credit Union	501(c)(14)	Charlotte, NC	$7,093,444
Latino Community Credit Union	501(c)(14)	Durham, NC	$57,822,762
Champion Credit Union / State Chartered Credit Unions in North Carolina	501(c)(14)	Canton, NC	$21,314,879
State Chartered Credit Unions in North Carolina	501(c)(14)	Greensboro, NC	$18,701,954
Piedmont Advantage Credit Union (PACU)	501(c)(14)	Winston Salem, NC	$18,839,833
Telco Community Credit Union	501(c)(14)	Candler, NC	$16,867,383
Riverdale Credit Union	501(c)(14)	Selma, AL	$6,293,291
Central Corporate Credit Union	501(c)(14)	Southfield, MI	$16,468,140
Credit Unions Chartered in the State of Michigan - 97 Vibe Credit Union	501(c)(14)	Novi, MI	$25,404,715

Data update history

July 11, 2023

Used new vendors

Identified 5 new vendors, including , , , , and

July 8, 2023

Posted financials

Added Form 990 for fiscal year 2022

June 30, 2023

Updated personnel

Identified 1 new personnel

May 20, 2023

Updated personnel

Identified 4 new personnel

October 16, 2021

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Credit unionsChapter / child organizations

Issues

No issues found

Characteristics

State / local level

General information

Address: 2098 Frontis Plaza Blvd; Winston Salem, NC 27103
Metro area: Winston-Salem, NC
County: Forsyth County, NC
Website URL: memcu.com/
Phone: (336) 748-4800
Facebook page: MembersCU
Twitter profile: @memberscu

IRS details

EIN: 56-6043259
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1953
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: W60: Financial Institutions, Credit Unions
NAICS code, primary: 522130: Credit Unions
Parent/child status: Child within group exemption

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Members Credit Union

Program areas at Members Credit Union

Personnel at Members Credit Union

Financials for Members Credit Union

Form 990s for Members Credit Union

Organizations like Members Credit Union

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