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Organizations 1ST Midamerica Credit Union

1ST Midamerica Credit Union

Fiscal year ending 2023. Filed on October 31, 2024.

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 2023 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 293 total employees. Among the employees shown here, the average compensation is $491,913. The highest compensated employee at 1ST Midamerica Credit Union is Alan Meyer with fiscal year 2023 compensation of $2,218,153.

Revenue, expenses, and employee compensation

Revenue

$55,685,904

Expenses

$51,029,966

Employee compensation

$15,054,806
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alan Meyer
President and Chief Executive Officer
$2,218,153
$1,436,615 No related comp$781,538
Perry Withers
Chief Lending Officer
$577,659
$449,556 No related comp$128,103
Robert Blacklock
Chief Financial Officer
$398,825
$294,351 No related comp$104,474
James Cherry
Chief Information Officer
$370,182
$240,574 No related comp$129,608
Terri Herbstreit
Vice President, Accounting
$323,929
$145,275 No related comp$178,654
Elysa Robin
Vice President, Human Resources
$231,474
$205,830 No related comp$25,644
Amber Scott
Chief Marketing Officer
$220,062
$181,793 No related comp$38,269
Brenda Jackson
Vice President, Branch Operations
$210,766
$172,712 No related comp$38,054
Jeff Whitaker
Vice President of Commercial Lending
$201,051
$177,801 No related comp$23,250
Gary Hoggatt Jr
Vice President of Mortgage Services
$167,027
$132,847 No related comp$34,180

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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