Members 1St Credit Union
Nonprofit profile at a glance
- EIN
- 940362026
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Redding, CA, USA
- Phone
- 5302226060
- Rating confidence
- Limited
Reported finances
- Revenue
- $16,945,604
- Expenses
- $12,373,832
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- CAROLINE REDMANN (CEO/PRESIDENT)
Highest reported compensation
- CAROLINE REDMANN (CEO/PRESIDENT): $329,713 total reported compensation
- AARON PITROFF (VP OF LENDING): $172,607 total reported compensation
- NOEL STRATTON (VP OF IT): $140,639 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 64
- Accountability: 100
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 37.3%; rating input score 37; 14th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 27%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 8.3%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.1% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $330K · 20 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $571K reported
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Grant itemization coverage scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.