Civic Intelligence

1St Midamerica Credit Union

EIN 37-0580723 • 501(c)14 • Bethalto, IL

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Profile

The mission of 1st MidAmerica Credit Union is to become a dominant credit union in our field of membership by offering products and services to meet the financial needs of our members while striving to continually exceed member expectations.

Refreshing map…

731 E Bethalto DrBethalto, IL 62010

www.1stmidamerica.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.89x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

13.29x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$1,815,914

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

501(c)14 • $1B+ nonprofits • Source year 2024

Asset Growth

56th percentile

3.7%

Faster asset growth than 56% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

20%

Faster revenue growth than 69% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$1,000,354,535

Up $35,863,722 (+3.7%) from 2023

Liabilities

Up

$888,175,098

Up $25,850,999 (+3.0%) from 2023

Net Assets

Up

$112,179,437

Up $10,012,723 (+9.8%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin64th percentile

Revenue

Up

$66,844,817

Up $11,158,913 (+20%) from 2023

Expenses

Up

$59,092,699

Up $8,062,733 (+16%) from 2023

Net Income

Up

$7,752,118

Up $3,096,180 (+66%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth56th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2011: $474,460,745Liabilities 2011: $426,102,498Net Assets 2011: $48,358,2472011Assets 2012: $482,298,618Liabilities 2012: $430,854,333Net Assets 2012: $51,444,2852012Assets 2013: $497,459,028Liabilities 2013: $443,264,571Net Assets 2013: $54,194,4572013Assets 2014: $585,921,567Liabilities 2014: $523,088,141Net Assets 2014: $62,833,4262014Assets 2015: $649,313,105Liabilities 2015: $582,463,436Net Assets 2015: $66,849,6692015Assets 2016: $671,944,440Liabilities 2016: $601,036,663Net Assets 2016: $70,907,7772016Assets 2017: $722,943,678Liabilities 2017: $645,950,596Net Assets 2017: $76,993,0822017Assets 2018: $751,703,026Liabilities 2018: $671,901,322Net Assets 2018: $79,801,7042018Assets 2019: $744,684,094Liabilities 2019: $660,511,160Net Assets 2019: $84,172,9342019Assets 2020: $825,806,409Liabilities 2020: $738,544,310Net Assets 2020: $87,262,0992020Assets 2021: $860,013,719Liabilities 2021: $763,715,429Net Assets 2021: $96,298,2902021Assets 2022: $933,135,816Liabilities 2022: $834,299,841Net Assets 2022: $98,835,9752022Assets 2023: $964,490,813Liabilities 2023: $862,324,099Net Assets 2023: $102,166,7142023Assets 2024: $1,000,354,535Liabilities 2024: $888,175,098Net Assets 2024: $112,179,4372024

Highlighted filing

2024

Assets$1,000,354,535
Liabilities$888,175,098
Net Assets$112,179,437
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Expenses 2011: $25,496,6632011Expenses 2012: $25,828,8762012Revenue 2013: $27,284,845Expenses 2013: $24,534,673Net Income 2013: $2,750,1722013Revenue 2014: $32,051,357Expenses 2014: $26,229,668Net Income 2014: $5,821,6892014Revenue 2015: $33,778,342Expenses 2015: $29,720,728Net Income 2015: $4,057,6142015Revenue 2016: $37,369,414Expenses 2016: $33,476,266Net Income 2016: $3,893,1482016Revenue 2017: $40,010,646Expenses 2017: $36,182,561Net Income 2017: $3,828,0852017Revenue 2018: $43,734,489Expenses 2018: $40,325,603Net Income 2018: $3,408,8862018Revenue 2019: $46,451,605Expenses 2019: $42,129,461Net Income 2019: $4,322,1442019Revenue 2020: $44,870,473Expenses 2020: $41,869,554Net Income 2020: $3,000,9192020Revenue 2021: $45,661,014Expenses 2021: $35,551,494Net Income 2021: $10,109,5202021Revenue 2022: $45,283,692Expenses 2022: $37,779,980Net Income 2022: $7,503,7122022Revenue 2023: $55,685,904Expenses 2023: $51,029,966Net Income 2023: $4,655,9382023Revenue 2024: $66,844,817Expenses 2024: $59,092,699Net Income 2024: $7,752,1182024

Highlighted filing

2024

Revenue$66,844,817
Expenses$59,092,699
Net Income$7,752,118
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,000,354,535
Liabilities
$888,175,098
Net assets
$112,179,437
Revenue
$66,844,817
Expenses
$59,092,699
Net income
$7,752,118
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,000$888$112$66.8$59.1$7.75
2023Detailed filing. Detailed filing data is available for this year.$964$862$102$55.7$51.0$4.66
2022Detailed filing. Detailed filing data is available for this year.$933$834$98.8$45.3$37.8$7.50
2021Detailed filing. Detailed filing data is available for this year.$860$764$96.3$45.7$35.6$10.1
2020Detailed filing. Detailed filing data is available for this year.$826$739$87.3$44.9$41.9$3.00
2019Detailed filing. Detailed filing data is available for this year.$745$661$84.2$46.5$42.1$4.32
2018Detailed filing. Detailed filing data is available for this year.$752$672$79.8$43.7$40.3$3.41
2017Detailed filing. Detailed filing data is available for this year.$723$646$77.0$40.0$36.2$3.83
2016Detailed filing. Detailed filing data is available for this year.$672$601$70.9$37.4$33.5$3.89
2015Detailed filing. Detailed filing data is available for this year.$649$582$66.8$33.8$29.7$4.06
2014Detailed filing. Detailed filing data is available for this year.$586$523$62.8$32.1$26.2$5.82
2013Detailed filing. Detailed filing data is available for this year.$497$443$54.2$27.3$24.5$2.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$482$431$51.4$25.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$474$426$48.4$25.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.0
Gross Receipts
$66,862,934
Mission and Program Overview

Mission

The mission of 1st MidAmerica Credit Union is to become the dominant credit union in our field of membership by offering products and services to meet the financial needs of our members while striving to continually exceed member expectations.

The objectives of 1st MidAmerica Credit Union are to know and meet financial needs of our members, to maintain long term financial soundness, to be active in community affairs, and to be a preeminent service provider to our members. We are continually expanding our list of services to better meet the financial needs of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$792,229,267$823,148,266▲ $30,918,999
Rtn Earn Endowment Incm Other Fnds$102,166,714$112,179,437▲ $10,012,723
Investments Other Securities$71,005,527$68,019,036▼ $2,986,491
Savings and Temporary Cash Investments$26,775,893$32,874,275▲ $6,098,382
Land, Buildings, and Equipment, Net$27,223,956$26,319,895▼ $904,061
Prepaid Expenses and Deferred Charges$7,556,346$7,747,677▲ $191,331
Cash and Non-Interest-Bearing Accounts$6,933,369$7,485,267▲ $551,898
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$964,490,813$1,000,354,535▲ $35,863,722
Other Assets Total$32,766,455$34,760,119▲ $1,993,664
Liabilities
Other Liabilities$763,909,392$811,858,260▲ $47,948,868
Accounts Payable and Accrued Expenses$97,178,833$74,960,272▼ $22,218,561
Escrow Account Liability$1,235,874$1,356,566▲ $120,692
Total Liabilities$862,324,099$888,175,098▲ $25,850,999
Net Assets / Fund Balance
Total Net Assets Fund Balance$102,166,714$112,179,437▲ $10,012,723
Total Liabilities and Net Assets / Fund Balance$964,490,813$1,000,354,535▲ $35,863,722

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,627,417$11,172,447$25,799,864
Equipment$4,089,804$6,256,522$10,346,326
Land$7,439,409-$7,439,409
Other Land Buildings$163,265$173,747$337,012
Leasehold Improvements$0$0$0
Other Securities$59,033,849--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan MeyerPresident/CEOFT$552,068$1,293,845$1,845,913
James CherryChief Information OfficerFT$222,350$430,409$652,759
Terri HerbstreitVice President of AccountingFT$133,174$355,394$488,568
Robert BlacklockChief Financial OfficerFT$267,228$165,325$432,553
Perry WithersChief Lending OfficerFT$221,398$176,030$397,428
Amber ScottChief Experience OfficerFT$221,036$43,202$264,238
Amber ScottChief Marketing Officer-$185,776$78,462$264,238
Elysa RobinVP of Human ResourcesFT$188,728$59,795$248,523
Brenda JacksonVice President Branch OperationsFT$149,552$62,611$212,163
Gary Hoggatt JrVice President of Mortgage ServicesFT$142,091$36,618$178,709
Gary Hoggatt JrVP of Mortgage Services-$119,835$58,873$178,708
Brett PontVice President of Commercial LendingFT$148,074$20,017$168,091

Board Members and Trustees

NameTitle
Rosemary GibsonChairman
Andrew MaciasVice Chairman
Bill MeyerDirector
Joshua EvansDirector
Lori ArtisDirector
Rebecca AlexanderDirector
Timothy KallalDirector
Henry VizeSecretary
Chris GreerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,230,122
Investment Income
$7,614,695
Other Revenue
$0
Change in Net Assets
$7,752,118

Audited Revenue Reconciliation

Revenue per Audited Statements
$66,844,817
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$66,844,817
Total Revenue per Form 990
$66,844,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,140,957
Salaries, Compensation, and Employee Benefits$15,951,742
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$9,384,965
Interest---$8,006,799
Current Officers, Directors, Trustees, and Key Employees---$3,227,892
Other Expenses---$3,091,101
Fees for Services Other---$1,744,615
Depreciation Depletion---$1,698,613
All Other Expenses---$1,682,210
Occupancy---$1,551,179
Other Employee Benefits---$1,522,643
Fees for Services Management---$1,169,016
Advertising---$1,067,309
Payroll Taxes---$922,801
Information Technology---$909,789
Pension Plan Contributions---$893,441
Conferences and Meetings---$417,364
Fees for Services Accounting---$284,514
Insurance---$192,307
Office Expenses---$147,285
Payments to Affiliates---$90,840
Fees for Services Legal---$32,616
Total Functional Expenses$0$0$0$59,092,699

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$59,092,699
Total Expenses per Audited Statements$59,092,699
Total Expenses per Form 990$59,092,699
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Total Exempt Function Spending$10,215
Political Expenditures$0
Section 527 Activity Spending$0

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$10,215
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares (Does Not Include Escrow)$811,858,260
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“At the end of 2024, 1st MidAmerica Credit Union provided financial services for 63,200 members.”

Form 990, Part VI, Section A, Line 7A

“An annual meeting is held to elect the directors. Members have the option to vote in person or sign a proxy.”

Form 990, Part VI, Section B, Line 11B

“Prior to filing the 990 with the IRS, a copy of the return is made available to all board members of the credit union. Any comments or questions regarding the return are addressed in a timely manner prior to filing the return.”

Form 990, Part VI, Section B, Line 12C

“1st MidAmerica Credit Union requires that an employee must disclose any outside employment relationship with a vendor/supplier. Any employee found to have a "conflict in position" will be removed from any direct influence with the other vendor/supplier. Should a conflicting employment relationship exist, the employee will be asked to immediately resign from the other position.”

Form 990, Part VI, Section B, Line 15

“A third party organization specializing in compensation programs is utilized to compile survey data on an annual basis for executive staff. Companies selected for comparison compete directly in the same labor market, for the same type of skills, are representative of the financial industry, and are representative of the size of 1st MidAmerica Credit Union. The third party organization is responsible for initiating and analyzing the results of the survey. The information will be used to make recommendations to the salary structures for these positions. These recommendations are prepared and submitted to the Salary Committee and the Board of Directors for review and final approval. This process is conducted annually.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
1st Midamerica Credit Union
EIN
37-0580723
Phone
6182583168
Address
731 E Bethalto Dr, Bethalto, IL 62010

Signing Officer

Name
Rosemary Gibson
Title
Chairman of the Board
Phone
6182583168
Signed
2025-11-10

Organization Details

Principal Officer
Alan Meyer
Formed
1934
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
250
Volunteers
10
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IV, Line 2B

“The amount reported on 990 Part X Line 21 is the total of all escrow accounts held by the credit union. All escrow accounts are directly related to mortgages serviced by the credit union.”

Schedule D, Part X, Line 2

“Accounting Standards Codification Topic 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Topic 740 developed a two-step process to evaluate a tax position and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Credit Union has not recorded a reserve for any tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Management believes the Credit Union files tax returns in all appropriate jurisdictions. The open tax years are those years ended December 31, 2021 through December 31, 2024. The 2024 tax return has not been filed as of the date of this report. As of December 31, 2024 and 2023, the Credit Union has no recorded liability for unrecognized tax benefits. The Credit Union recognizes interest and penalties related to uncertain tax positions as income tax expense as incurred. No such expense was recognized for the year ended December 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 723 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0787517
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1183861
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2180066
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3109017
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4130894
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt543202
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt627827
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt733861
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt836618
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt97237
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0Alan Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm1James Cherry
IRS990/Form990PartVIISectionAGrp/PersonNm2Terri Herbstreit
IRS990/Form990PartVIISectionAGrp/PersonNm3Robert Blacklock
IRS990/Form990PartVIISectionAGrp/PersonNm4Perry Withers
IRS990/Form990PartVIISectionAGrp/PersonNm5Amber Scott
IRS990/Form990PartVIISectionAGrp/PersonNm6Elysa Robin
IRS990/Form990PartVIISectionAGrp/PersonNm7Brenda Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm8Gary Hoggatt Jr
IRS990/Form990PartVIISectionAGrp/PersonNm9Brett Pont
IRS990/Form990PartVIISectionAGrp/PersonNm10Rosemary Gibson
IRS990/Form990PartVIISectionAGrp/PersonNm11Andrew Macias
IRS990/Form990PartVIISectionAGrp/PersonNm12Chris Greer
IRS990/Form990PartVIISectionAGrp/PersonNm13Henry Vize
IRS990/Form990PartVIISectionAGrp/PersonNm14Joshua Evans
IRS990/Form990PartVIISectionAGrp/PersonNm15Timothy Kallal
IRS990/Form990PartVIISectionAGrp/PersonNm16Rebecca Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm17Bill Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm18Lori Artis
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1468897
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2308503
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3323537
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5221036
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6220695
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7178302
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9160854
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chief Information Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President of Accounting
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chief Lending Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chief Experience Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP of Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President Branch Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President of Mortgage Services
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President of Commercial Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt12Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01934
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0785195
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0803312
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt066862934
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt014
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0909789
IRS990/InsuranceGrp/TotalAmt0192307
IRS990/InterestGrp/TotalAmt08006799
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt06829500
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt068019036
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017602716
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027223956
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026319895
IRS990/LandBldgEquipCostOrOtherBssAmt043922611
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt018117
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0The mission of 1st MidAmerica Credit Union is to become a dominant credit union in our field of membership by offering products and services to meet the financial needs of our members while striving to continually exceed member expectations.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0112179437
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0785195
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02260605
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01551179
IRS990/OfficeExpensesGrp/TotalAmt0147285
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032766455
IRS990/OtherAssetsTotalGrp/EOYAmt034760119
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01522643
IRS990/OtherExpensesGrp/Desc0Dividend Expense
IRS990/OtherExpensesGrp/Desc1Allowance for Loan Loss
IRS990/OtherExpensesGrp/Desc2Lending Expense
IRS990/OtherExpensesGrp/Desc3Plastic Card Expense
IRS990/OtherExpensesGrp/TotalAmt013619547
IRS990/OtherExpensesGrp/TotalAmt13374167
IRS990/OtherExpensesGrp/TotalAmt24061686
IRS990/OtherExpensesGrp/TotalAmt33091101
IRS990/OtherLiabilitiesGrp/BOYAmt0763909392
IRS990/OtherLiabilitiesGrp/EOYAmt0811858260
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt09384965
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0792229267
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0823148266
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IRS990/PaymentsToAffiliatesGrp/TotalAmt090840
IRS990/PayrollTaxesGrp/TotalAmt0922801
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0893441
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07556346
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07747677
IRS990/PrincipalOfficerNm0Alan Meyer
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
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IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt044483776
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15288390
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15288390
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0We ended the year with total share balances of $813,214,826. 1st MidAmerica Credit Union ended 2024 serving 63,200 members.
IRS990/ProgSrvcAccomActy3Grp/Desc01st MidAmerica Credit Union issued 7,222 certificates of deposit in 2024. The total origination amount of all CD's was $268,628,022.
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IRS990/PYOtherExpensesAmt035975160
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt049943841
IRS990/PYRevenuesLessExpensesAmt04655938
IRS990/PYSalariesCompEmpBnftPaidAmt015054806
IRS990/PYTotalExpensesAmt051029966
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt055685904
IRS990/ReconcilationRevenueExpnssAmt07752118
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0102166714
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0112179437
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026775893
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032874275
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Expended527ActivitiesAmt00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt010215
IRS990ScheduleC/PoliticalExpendituresAmt00
IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt00
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0Credit Union Political Action Council
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt010215
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01807 West Diehl Rd
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine2Txt0PO Box 317
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0Naperville
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd060566
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt01st MidAmerica Credit Union contributed to the Credit Union Political Action Council which is reported annually on the 1120-POL.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule C, Part I-A, Line 1

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