Civic Intelligence

Members1St Community Credit Union

EIN 42-0894163 • 501(c)14 • Ames, IA

View Organization Page

Profile

The credit union is a financial cooperative that provides deposit, loan, and other financial services to our member owners.

PO Box 807Ames, IA 50010

www.members1st.com

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.90x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

15.41x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

57th percentile

11%

Higher net margin than 57% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

79th percentile

6.9%

Faster asset growth than 79% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Revenue Growth

95th percentile

34%

Faster revenue growth than 95% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$271,103,287

Up $10,231,103 (+3.9%) from 2023

Liabilities

Up

$245,343,218

Up $8,171,438 (+3.4%) from 2023

Net Assets

Up

$25,760,069

Up $2,059,665 (+8.7%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin57th percentile

Revenue

Up

$15,919,606

Up $3,962,928 (+33%) from 2023

Expenses

Up

$14,148,299

Up $3,557,096 (+34%) from 2023

Net Income

Up

$1,771,307

Up $405,832 (+30%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth79th percentile

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

$300M$200M$100M$0Assets 2011: $139,844,805Liabilities 2011: $126,403,361Net Assets 2011: $13,441,4442011Assets 2012: $146,061,027Liabilities 2012: $132,247,075Net Assets 2012: $13,813,9522012Assets 2013: $145,473,792Liabilities 2013: $131,505,118Net Assets 2013: $13,968,6742013Assets 2014: $145,364,264Liabilities 2014: $131,238,466Net Assets 2014: $14,125,7982014Assets 2015: $150,023,984Liabilities 2015: $135,262,340Net Assets 2015: $14,761,6442015Assets 2016: $156,447,289Liabilities 2016: $140,693,800Net Assets 2016: $15,753,4892016Assets 2017: $162,935,375Liabilities 2017: $146,142,812Net Assets 2017: $16,792,5632017Assets 2018: $169,759,406Liabilities 2018: $151,615,954Net Assets 2018: $18,143,4522018Assets 2019: $177,733,915Liabilities 2019: $157,808,505Net Assets 2019: $19,925,4102019Assets 2020: $227,098,240Liabilities 2020: $206,262,665Net Assets 2020: $20,835,5752020Assets 2021: $239,859,942Liabilities 2021: $218,028,102Net Assets 2021: $21,831,8402021Assets 2022: $237,018,229Liabilities 2022: $215,416,559Net Assets 2022: $21,601,6702022Assets 2023: $260,872,184Liabilities 2023: $237,171,780Net Assets 2023: $23,700,4042023Assets 2024: $271,103,287Liabilities 2024: $245,343,218Net Assets 2024: $25,760,0692024

Highlighted filing

2024

Assets$271,103,287
Liabilities$245,343,218
Net Assets$25,760,069
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

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

$20M$15M$10M$5.0M$0Expenses 2011: $5,128,9132011Expenses 2012: $4,430,4412012Revenue 2013: $4,268,403Expenses 2013: $4,113,681Net Income 2013: $154,7222013Revenue 2014: $4,250,600Expenses 2014: $4,093,476Net Income 2014: $157,1242014Revenue 2015: $5,510,929Expenses 2015: $4,875,083Net Income 2015: $635,8462015Revenue 2016: $5,499,103Expenses 2016: $4,507,258Net Income 2016: $991,8452016Revenue 2017: $6,152,522Expenses 2017: $5,113,450Net Income 2017: $1,039,0722017Revenue 2018: $7,228,648Expenses 2018: $5,877,420Net Income 2018: $1,351,2282018Revenue 2019: $7,960,513Expenses 2019: $6,514,903Net Income 2019: $1,445,6102019Revenue 2020: $7,830,882Expenses 2020: $6,935,077Net Income 2020: $895,8052020Revenue 2021: $8,090,097Expenses 2021: $6,871,051Net Income 2021: $1,219,0462021Revenue 2022: $8,850,118Expenses 2022: $7,573,629Net Income 2022: $1,276,4892022Revenue 2023: $11,956,678Expenses 2023: $10,591,203Net Income 2023: $1,365,4752023Revenue 2024: $15,919,606Expenses 2024: $14,148,299Net Income 2024: $1,771,3072024

Highlighted filing

2024

Revenue$15,919,606
Expenses$14,148,299
Net Income$1,771,307
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$271,103,287
Liabilities
$245,343,218
Net assets
$25,760,069
Revenue
$15,919,606
Expenses
$14,148,299
Net income
$1,771,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$271$245$25.8$15.9$14.1$1.77
2023Detailed filing. Detailed filing data is available for this year.$261$237$23.7$12.0$10.6$1.37
2022Detailed filing. Detailed filing data is available for this year.$237$215$21.6$8.85$7.57$1.28
2021Detailed filing. Detailed filing data is available for this year.$240$218$21.8$8.09$6.87$1.22
2020Detailed filing. Detailed filing data is available for this year.$227$206$20.8$7.83$6.94$0.90
2019Detailed filing. Detailed filing data is available for this year.$178$158$19.9$7.96$6.51$1.45
2018Detailed filing. Detailed filing data is available for this year.$170$152$18.1$7.23$5.88$1.35
2017Detailed filing. Detailed filing data is available for this year.$163$146$16.8$6.15$5.11$1.04
2016Detailed filing. Detailed filing data is available for this year.$156$141$15.8$5.50$4.51$0.99
2015Detailed filing. Detailed filing data is available for this year.$150$135$14.8$5.51$4.88$0.64
2014Detailed filing. Detailed filing data is available for this year.$145$131$14.1$4.25$4.09$0.16
2013Detailed filing. Detailed filing data is available for this year.$145$132$14.0$4.27$4.11$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$132$13.8$4.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$140$126$13.4$5.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 23, 2025
Return Version
2024v5.2
Gross Receipts
$16,365,619
Mission and Program Overview

Mission

The credit union is a financial cooperative that provides deposit, loan, and other financial services to our member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$167,914,645$173,623,149▲ $5,708,504
Cash and Non-Interest-Bearing Accounts$24,583,617$34,158,637▲ $9,575,020
Investments Other Securities$34,641,423$31,592,631▼ $3,048,792
Rtn Earn Endowment Incm Other Fnds$11,211,020$12,910,958▲ $1,699,938
Pd in Cap Srpls Land Bldg Eqp Fund$12,489,384$12,849,111▲ $359,727
Land, Buildings, and Equipment, Net$8,588,378$11,883,096▲ $3,294,718
Savings and Temporary Cash Investments$13,288,000$8,323,000▼ $4,965,000
Investments Program Related$3,392,300$3,406,600▲ $14,300
Investments in Publicly Traded Securities$66,162$38,455▼ $27,707
Accounts Receivable$1,251,611$11,040▼ $1,240,571
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$260,872,184$271,103,287▲ $10,231,103
Other Assets Total$7,146,048$8,066,679▲ $920,631
Liabilities
Other Liabilities$229,004,739$243,458,102▲ $14,453,363
Accounts Payable and Accrued Expenses$8,167,041$1,885,116▼ $6,281,925
Total Liabilities$237,171,780$245,343,218▲ $8,171,438
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,700,404$25,760,069▲ $2,059,665
Total Liabilities and Net Assets / Fund Balance$260,872,184$271,103,287▲ $10,231,103

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,458,418$1,336,894$10,795,312
Equipment$1,545,427$1,169,222$2,714,649
Land$777,585-$777,585
Leasehold Improvements$101,666$51,151$152,817
Other Securities$13,848,631--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas TonelliCEOFT$246,484$39,520$286,004
Thomas BlanfordCFOFT$133,339$23,335$156,674
Eric KriegerVice President of LendingFT$125,042$13,078$138,120
Amy LangDirector of Business ServicesFT$101,909$10,556$112,465

Board Members and Trustees

NameTitle
Kelly MolitorChairman
John DostartVice-chairman
David Beenken- DraperAssociate Director
Dirk DahmsDirector
Jon NunezDirector
Ronda KelleyDirector
Scott SmithDirector
Tami LichtenbergDirector
Craig MarkleySecretary
Jack EvansTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
G&a PartnersPeo- Benefits Administration And Payroll2829 WESTOWN PKWY 220, West Des Moines, IA 50266$4,389,653
Lamacchia GroupGeneral Contractor And Design Services157 NORTH MILWAUKEE STREET, Milwaukee, WI 53202$2,688,656
Fis Merchant ServicesDebit/atm/credit Card Processing11601 ROOSEVELT BLVD N, St Petersburg, FL 33716$872,751
CuanswersCore Processing, Auditing, Marketing Ass6000 28TH ST SE STE 100, Grand Rapids, MI 49546$648,067
Vorhees CompanyGeneral Contricator, Construction And De12345 UNIVERSITY AVENUE SUITE 320, Clive, IA 50325$640,833
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,796,262
Investment Income
$3,037,218
Other Revenue
$2,086,126
Change in Net Assets
$1,771,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,919,606
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,919,606
Total Revenue per Form 990
$15,919,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,346,803
Salaries, Compensation, and Employee Benefits$4,801,496
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$3,622,345--$3,622,345
Other Salaries and Wages$3,404,764--$3,404,764
All Other Expenses$905,131--$905,131
Current Officers, Directors, Trustees, and Key Employees$693,263--$693,263
Depreciation Depletion$474,810--$474,810
Information Technology$419,437--$419,437
Occupancy$412,707--$412,707
Other Employee Benefits$376,445--$376,445
Advertising$372,215--$372,215
Office Expenses$355,029--$355,029
Payroll Taxes$327,024--$327,024
Fees for Services Other$168,489--$168,489
Fees for Services Management$165,564--$165,564
Conferences and Meetings$137,228--$137,228
Travel$121,447--$121,447
Other Expenses$91,451--$91,451
Insurance$90,424--$90,424
Fees for Services Accounting$71,088--$71,088
Fees for Services Legal$24,186--$24,186
Payments to Affiliates$19,739--$19,739
Fees for Service Investment Mgmnt Fees$6,393--$6,393
Total Functional Expenses$14,148,299$0$0$14,148,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,164,448
Expenses per Audited Statements$14,148,299
Total Expenses per Form 990$14,148,299
Expenses Not Reported on Form 990$16,149
Expenses Not Reported on Financial Statements$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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Share Savings Account$79,418,350
Certificates$73,770,081
Checking Account$48,206,673
Money Market$17,967,272
Liquidity First$8,160,493
Secondary Shares Account$7,640,738
Ira Certificates$4,198,372
Traditional Ira$2,620,130
Lease Liability$448,775
Escrow$446,448
Roth Ira$331,124
No Dividend Checking$139,793
Negative Draft Loans$51,600
Negative Share Loans$24,042
Virtual Coin Jar$22,353
Set-a-goal Savings$11,858
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The credit union is not paying it's ceo and other employees directly, rather the credit union is paying these individuals through an independent contractor arrangement with a management company named g&a partners starting in october 2023. Prior to this the credit union had a similar arrangment with a company named oasis. The credit union was contracted to pay oasis, and now g&a, for the ceo and other employee positions. The compensation information on form 990 is the amount of compensation that the management company paid the ceo and other employees.”

Form 990, Part VI, Section A, Line 6

“The credit union has one class of membership comprised of all depositors. Membership consists of persons who live, attend school, worship, or work for any entity which has a place of business in marshall, story, or boone counties and the contiguous counties of tama, grundy, hardin, hamilton, webster, greene, dallas, polk, jasper, and poweshiek.”

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

“All members have one vote.”

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

“Form 990 is reviewed by the ceo prior to filing. A full copy is given to the board for review at a regular meeting.”

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

“A copy of our policy is provided to each officer, director, and key employee. They are required each year to complete a key personnel questionnaire and to disclose any such potential or actual conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The board of directors sets the compensation for the ceo and they approve salary ranges for the other positions. The ceo sets compensation within the constraints of the budget and salary ranges for the other key employees. They also utilize the cuna salary survey to determine reasonableness for all positions.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted at each office and are also distributed at the credit union's annual meeting.”

Filing and Contact Details

Filer

Filer Name
Members1st Community Credit Union
EIN
42-0894163
Phone
6417521582
Address
PO BOX 807, AMES, IA 50010

Signing Officer

Name
Nick Tonelli
Title
CEO
Phone
6417521582
Signed
2025-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Tonelli
Formed
1964
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
87
Volunteers
0

Preparer

Firm
Gardiner Company Pc
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
Robert Bell CPA
Phone
5152701446
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized loss on 457(b) investments -16,149.”

Form 990 Page 12 Part XII Line 3C

“The audit committee reviews the audited financials and discusses the audit with management and votes on retention of auditors.”

Financial Statement Notes

PART X, LINE 2:

“The credit union recognizes any uncertain tax benefits if such benefits are a result of a tax position that is more likely than not sustainable upon examination by federal or state tax authorities. When an uncertain benefit is determined to be more likely than not sustained, the credit union values the position, for financial statement purposes, of the largest amount of the tax benefit that is more than 50% likely of being realized upon resolution of the benefit. For any tax positions taken that do not meet the more likely than not criteria, the credit union establishes a tax reserve for 100% of the position taken. For the twelve months ended december 31, 2024, no significant amounts or unrecognized tax benefits existed nor does the credit union anticipate any significant changes in unrecognized tax benefits to occur within the next twelve months. The credit union files tax returns with the internal revenue service and the state of iowa.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Unrealized loss on 457(b) investments 16,149.”

Raw XML AppendixShowing 400 of 577 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/Desc0AS A STATE CHARTERED CREDIT UNION WE PROVIDE A VARIETY OF DEPOSITORY AND LENDING SERVICES TO OUR MEMBERSHIP. THE CREDIT UNION ALSO MAKES AVAILABLE SUPPLEMENTARY FINANICAL SERVICES INCLUDING ELECTRONIC SERVICES SUCH AS ONLINE BANKING, DEBIT CARDS, ATMS, ONLINE BILLPAY AS WELL AS IN-PERSON SERVICES LIKE CASH SERVICES, SAFE DEPOSIT BOXES, SAVINGS BOND REDEMPTION, NOTARY SERVICES AND FINANCIAL EDUCATION. THE CREDIT UNION SERVED 20,042 MEMBERS AS OF 12/31/24
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