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Filing year 2024

1ST MIDAMERICA CREDIT UNION

Bethalto, Illinois·EIN 37-0580723·501(c)(14)
Total revenue
$66.8M
Total assets
$1B
Total expenses
$59.1M
Reported officers
19
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$1.8M
$1.9M
Base
$552k
Bonus
$171k
Other
$335k
Benefits
$16k
Chief Information Officer
Above 90th percentile
$653k
$690k
Base
$222k
Bonus
$47k
Other
$200k
Benefits
$24k
Vice President of Accounting
Board Vice President
Above 90th percentile
$489k
$516k
Base
$133k
Bonus
$25k
Other
$150k
Benefits
$363
Chief Financial Officer
Above 90th percentile
$433k
$457k
Base
$267k
Bonus
$56k
Other
Benefits
$16k
Chief Lending Officer
Officer (Unspecified)
$397k
$420k
Base
$221k
Bonus
$45k
Other
Benefits
$15k
Chief Experience Officer
Officer (Unspecified)
$264k
$279k
Base
$186k
Bonus
$35k
Other
Benefits
$24k
VP of Human Resources
Board Vice President
75th to 90th percentile
$249k
$263k
Base
$189k
Bonus
$32k
Other
Benefits
$9k
Vice President Branch Operations
Board Vice President
Median to 75th percentile
$212k
$224k
Base
$150k
Bonus
$29k
Other
Benefits
$18k
Vice President of Mortgage Services
Board Vice President
Median to 75th percentile
$179k
$189k
Base
$120k
Bonus
$22k
Other
Benefits
$24k
Vice President of Commercial Lending
Board Vice President
Median to 75th percentile
$168k
$178k
Base
$148k
Bonus
$13k
Other
Benefits
$926

Teal figures restate each filed amount in 2026 dollars.

Estimated with St. Louis, MO-IL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Down 18%
from 2023

From $2.2M in 2023 to $1.8M in 2024.

$2.2M
2023
$1.8M
2024
In today's dollarsEst.
Down 21% in real terms$2.4M to $1.9M

Estimated with St. Louis, MO-IL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 18% from 2023 to 2024, while revenue rose 20%.

$2.2M in 2023 to $1.8M in 2024.
  • Chief Information Officer pay rose 76% from 2023 to 2024.
  • Board Vice President pay rose 51% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

1ST MIDAMERICA CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$55.7M
$51M
2023
$66.8M
$59.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about 1ST MIDAMERICA CREDIT UNION

What does the Chief Executive Officer of 1ST MIDAMERICA CREDIT UNION earn?

In 2024, the Chief Executive Officer of 1ST MIDAMERICA CREDIT UNION received $1,815,914 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at 1ST MIDAMERICA CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at 1ST MIDAMERICA CREDIT UNION falls in the top 10%.

What are 1ST MIDAMERICA CREDIT UNION's revenue and expenses?

In 2024, 1ST MIDAMERICA CREDIT UNION reported $66.8M in total revenue and $59.1M in total expenses on its IRS Form 990.

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