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Organizations 1ST Midamerica Credit Union

1ST Midamerica Credit Union

Fiscal year ending 2024. Filed on November 11, 2025.

731 E Bethalto Dr
PO Box 317
Bethalto, Illinois 62010

1ST Midamerica Credit Union (EIN: 37-0580723) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, 1ST Midamerica Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 250 total employees. Among the employees shown here, the average compensation is $485,895. The highest compensated employee at 1ST Midamerica Credit Union is Alan Meyer with fiscal year 2024 compensation of $1,815,914.

Revenue, expenses, and employee compensation

Revenue

$66,844,817

Expenses

$59,092,699

Employee compensation

$15,951,742
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alan Meyer
President and Chief Executive Officer
$1,815,914
$1,028,397 No related comp$787,517
James Cherry
Chief Information Officer
$652,758
$468,897 No related comp$183,861
Terri Herbstreit
Vice President, Accounting
$488,569
$308,503 No related comp$180,066
Robert Blacklock
Chief Financial Officer
$432,554
$323,537 No related comp$109,017
Perry Withers
Chief Lending Officer
$397,427
$266,533 No related comp$130,894
Amber Scott
Chief Experience Officer
$264,238
$221,036 No related comp$43,202
Elysa Robin
Vice President, Human Resources
$248,522
$220,695 No related comp$27,827
Brenda Jackson
Vice President, Branch Operations
$212,163
$178,302 No related comp$33,861
Gary Hoggatt Jr
Vice President of Mortgage Services
$178,709
$142,091 No related comp$36,618
Brett Pont
Vice President of Commercial Lending
$168,091
$160,854 No related comp$7,237

Benchmark Employee Compensation

Non-Employee Board Members

Andrew MacIas
Vice Chair
Bill Meyer
Director
Chris Greer
Treasurer
Henry Vize
Secretary
Joshua Evans
Director
Lori Artis
Director
Rebecca Alexander
Director
Rosemary Gibson
Chair
Timothy Kallal
Director

Mission Statement

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.

Revisions to this organization profile

November 11, 2025:
2024 1ST Midamerica Credit Union 990 filed
October 31, 2024:
2023 1ST Midamerica Credit Union 990 filed
October 31, 2023:
2022 1ST Midamerica Credit Union 990 filed

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