Members First Credit Union Of Nh
Members First Credit Union Of NH shows consistent asset and revenue growth with reported 0% officer compensation.
EIN: 20226828 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.0M |
| Total Expenses | $9.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $250 |
| Net Assets | $13.1M |
| Transparency Score | 75/100 |
Is Members First Credit Union Of Nh Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Members First Credit Union Of Nh directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Members First Credit Union Of Nh
Members First Credit Union Of Nh (EIN: 20226828) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $13.0M and total assets of $256.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Members First Credit Union Of Nh's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Members First Credit Union Of Nh is a large nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.5M |
| Total Expenses | $9.4M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $250.5M |
| Total Liabilities | $237.4M |
| Net Assets | $13.1M |
| Operating Margin | 18.0% |
| Debt-to-Asset Ratio | 94.8% |
| Months of Reserves | 319.2 months |
Financial Health Grade: A
In 2023, Members First Credit Union Of Nh reported a surplus of $2.1M with revenue exceeding expenses, holds 319.2 months of operating reserves (strong position), has a debt-to-asset ratio of 94.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Members First Credit Union Of Nh's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | +10.6% | +2.4% |
| 2022 | +9.2% | +1.8% | -2.1% |
| 2021 | +4.0% | +3.3% | +10.3% |
| 2020 | -5.9% | -1.3% | +17.4% |
| 2019 | +7.1% | +0.5% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Members First Credit Union Of Nh with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Members First Credit Union Of Nh allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $250 million in assets and $11 million in annual revenue. This could indicate that compensation is reported under a different category or that executive roles are filled by volunteers, which would be exceptional for a credit union.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Members First Credit Union Of Nh's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and type, potentially indicating a lack of transparency in compensation reporting.
- Unclear reason for filing Form 990 as a credit union, which are typically exempt from this requirement.
Strengths
The following positive indicators were identified for Members First Credit Union Of Nh:
- Consistent growth in revenue, from $7.25 million in 2014 to $11.48 million in 2023, indicating financial stability.
- Strong asset growth, increasing from $152.87 million in 2014 to $250.46 million in 2023, demonstrating expanding financial capacity.
- Positive net income (Revenue > Expenses) in all reported periods, indicating sound financial management.
Frequently Asked Questions about Members First Credit Union Of Nh
Is Members First Credit Union Of Nh a legitimate charity?
Based on AI analysis of IRS 990 filings, Members First Credit Union Of Nh (EIN: 20226828) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Members First Credit Union Of Nh spend its money?
Members First Credit Union Of Nh directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Members First Credit Union Of Nh tax-deductible?
Members First Credit Union Of Nh is registered as a tax-exempt nonprofit (EIN: 20226828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Members First Credit Union Of Nh CEO make?
Members First Credit Union Of Nh's highest-compensated officer earns $250 annually. The organization reported $13.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Members First Credit Union Of Nh's spending goes to programs?
Members First Credit Union Of Nh directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Members First Credit Union Of Nh located?
Members First Credit Union Of Nh is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20226828.
How many years of IRS 990 filings does Members First Credit Union Of Nh have?
Members First Credit Union Of Nh has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.0M in total revenue.
Why does Members First Credit Union Of NH file Form 990, given that credit unions are typically exempt from this requirement?
Credit unions are generally exempt from federal income tax under IRC Section 501(c)(1) and are not typically required to file Form 990. The reason for Members First Credit Union Of NH filing this form is not immediately clear from the provided data and would require further investigation into their specific tax status or activities.
How is it possible that officer compensation is consistently reported as 0% for an organization of this size?
Reporting 0% officer compensation for an organization with over $250 million in assets and $11 million in revenue is highly unusual. This could mean that compensation for executives is reported under a different expense category (e.g., 'salaries and wages' not specifically identified as 'officer compensation'), or that executive roles are genuinely unpaid, which is rare for a financial institution of this scale.
What are the primary expense categories for Members First Credit Union Of NH, beyond the total expenses reported?
The provided data only gives total revenue and expenses. To understand the primary expense categories (e.g., interest expense, operating expenses, salaries), a more detailed breakdown from the full Form 990 filing would be necessary.
Filing History
IRS 990 filing history for Members First Credit Union Of Nh showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Members First Credit Union Of Nh's revenue has grown by 67.8%, moving from $6.8M to $11.5M. Total assets increased by 91.3% over the same period, from $130.9M to $250.5M. Total functional expenses rose by 57.8%, from $6.0M to $9.4M. In its most recent filing year (2023), Members First Credit Union Of Nh reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $237.4M in liabilities against $250.5M in assets (debt-to-asset ratio: 94.8%), resulting in net assets of $13.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.5M | $9.4M | $250.5M | $237.4M | — | View 990 |
| 2022 | $9.9M | $8.5M | $244.7M | $235.8M | — | View 990 |
| 2021 | $9.0M | $8.4M | $249.9M | $233.2M | — | — |
| 2020 | $8.7M | $8.1M | $226.6M | $208.7M | — | — |
| 2019 | $9.2M | $8.2M | $193.0M | $175.9M | — | View 990 |
| 2018 | $8.6M | $8.2M | $185.7M | $170.5M | — | View 990 |
| 2017 | $7.7M | $7.3M | $177.1M | $162.2M | — | View 990 |
| 2016 | $7.4M | $7.1M | $168.4M | $153.8M | — | View 990 |
| 2015 | $6.6M | $6.3M | $161.7M | $147.3M | — | View 990 |
| 2014 | $7.3M | $6.4M | $152.9M | $138.5M | — | View 990 |
| 2013 | $6.4M | $5.9M | $141.6M | $128.0M | — | View 990 |
| 2012 | $6.6M | $6.1M | $135.7M | $122.4M | — | View 990 |
| 2011 | $6.8M | $6.0M | $130.9M | $118.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.5M, expenses of $9.4M, and assets of $250.5M (revenue +16.5% year-over-year).
- 2022: Revenue of $9.9M, expenses of $8.5M, and assets of $244.7M (revenue +9.2% year-over-year).
- 2021: Revenue of $9.0M, expenses of $8.4M, and assets of $249.9M (revenue +4.0% year-over-year).
- 2020: Revenue of $8.7M, expenses of $8.1M, and assets of $226.6M (revenue -5.9% year-over-year).
- 2019: Revenue of $9.2M, expenses of $8.2M, and assets of $193.0M (revenue +7.1% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.2M, and assets of $185.7M (revenue +11.7% year-over-year).
- 2017: Revenue of $7.7M, expenses of $7.3M, and assets of $177.1M (revenue +4.6% year-over-year).
- 2016: Revenue of $7.4M, expenses of $7.1M, and assets of $168.4M (revenue +11.6% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.3M, and assets of $161.7M (revenue -8.9% year-over-year).
- 2014: Revenue of $7.3M, expenses of $6.4M, and assets of $152.9M (revenue +13.3% year-over-year).
- 2013: Revenue of $6.4M, expenses of $5.9M, and assets of $141.6M (revenue -2.9% year-over-year).
- 2012: Revenue of $6.6M, expenses of $6.1M, and assets of $135.7M (revenue -3.6% year-over-year).
- 2011: Revenue of $6.8M, expenses of $6.0M, and assets of $130.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Members First Credit Union Of Nh:
Data Sources and Methodology
This transparency report for Members First Credit Union Of Nh is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.