Community 1st Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420686459 ✦ Ottumwa, IA ✦ Designated as a 501(c)(14)

Overview

What is Community 1st Credit Union?

Community 1st Credit Union, headed by Greg Hanshaw, is a state-chartered financial institution based in Ottumwa, Iowa. This credit union offers essential financial services to its members. As a state-chartered organization, it adheres to Iowa's regulatory framework, ensuring a secure and reliable environment for its clientele. By providing financial services, Community 1st Credit Union plays a critical role in helping its members manage their finances effectively.


Official website here: www.c1stcu.com

Is Community 1st Credit Union legitimate?

Community 1st Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community 1st Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,332,284
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,104,956

For more financial information, click here


Official website here: www.c1stcu.com

What is the mission statement of Community 1st Credit Union?

Community 1st Credit Union is a financial institution dedicated to offering services to its membership. As a state-chartered credit union, it adheres to the regulations set by the state. The credit union provides a range of financial solutions to its members, ensuring they have access to essential financial tools. With a focus on community, it aims to serve its members effectively and efficiently, fostering financial well-being. The organization's mission is to deliver financial services that cater to the unique needs of its members, promoting financial stability and success within the community it serves.


Official website here: www.c1stcu.com

Who is the CEO of Community 1st Credit Union?

Greg Hanshaw is the President/Ce of Community 1st Credit Union.


Official website here: www.c1stcu.com

What is the revenue of Community 1st Credit Union?

Community 1st Credit Union's revenue in 2022 was $48,530,717.


Official website here: www.c1stcu.com

Who are the executives of Community 1st Credit Union and what are their salaries?

The average compensation at Community 1st Credit Union during 2022 was $40,103. There are 360 employees and 11 volunteers at Community 1st Credit Union.

Here are 18 key members and their salaries:

    James M Holle (Cfo)
  • Compensation: $485,738
  • Related: $0
  • Other: $0

    • Greg Hanshaw (President/Ce)
  • Compensation: $435,047
  • Related: $0
  • Other: $0

    • John Mark Franke (Coo)
  • Compensation: $243,949
  • Related: $0
  • Other: $0

    • Bobbie Terrell (Vp Operation)
  • Compensation: $174,613
  • Related: $0
  • Other: $0

    • James Thomas (Vp Of Retail)
  • Compensation: $171,513
  • Related: $0
  • Other: $0

    • Brian Dostal (Vp Commercia)
  • Compensation: $169,866
  • Related: $0
  • Other: $0

    • Melissa Beastrom (Vp Strategic)
  • Compensation: $167,550
  • Related: $0
  • Other: $0

    • Jeff Leu (Vp Of It)
  • Compensation: $151,946
  • Related: $0
  • Other: $0

    • Tim Marcsisak (Comm/Ag Busi)
  • Compensation: $132,718
  • Related: $0
  • Other: $0

    • D David Boyer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Elliot (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Eubanks (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Courtney Jones (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Leathers (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mayberry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bianca Myers (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rex W Stewart (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandra Wirfs (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.c1stcu.com

    Where can I find the form 990 for Community 1st Credit Union?

    The Community 1st Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.c1stcu.com

    Learn more at the official website: www.c1stcu.com

    Mission Statement of Community 1st Credit Union

    Community 1st Credit Union, a state-chartered financial institution, is spearheaded by Greg Hanshaw and serves its members with a range of financial services. The organization's primary goal is to make a positive impact on its community by offering essential financial solutions.

    In essence, Community 1st Credit Union functions as a cooperative financial institution, providing its members with the necessary tools to manage their finances effectively. With a commitment to its members, this credit union ensures that it stays true to its mission as a trusted financial partner.

    Through its state charter, Community 1st Credit Union is regulated and supervised by the Iowa Division of Credit Unions. Operating under the leadership of Greg Hanshaw, it offers a variety of financial services tailored to meet the diverse needs of its members. By prioritizing the financial well-being of its community, Community 1st Credit Union stands as a vital resource, empowering its members to secure their financial future.

    Impact

    This information is meant to be a general summary of Community 1st Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Community 1st Credit Union, a state-chartered credit union based in Ottumwa, Iowa, has a significant impact on its community by providing essential financial services to its members. Through its operations, this credit union plays a vital role in promoting financial inclusion and stability among individuals and businesses in Ottumwa. By offering a range of banking products and services, Community 1st Credit Union contributes to the economic well-being and growth of the local community, helping individuals and families achieve their financial goals. This institution's commitment to serving its members underscores its dedication to fostering financial empowerment and resilience within Ottumwa and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,831,979
  • Program Service Revenue: $44,698,738
  • Gross Receipts: $48,530,717

    • Assets and Liabilities:
  • Total Assets: $938,861,640
  • Total Liabilities: $855,150,611
  • Net Assets: $83,711,029
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $32,476,494

    FEE INCOME

    Revenue

    $10,346,186

    MISCELLANEOUS INCOME

    Revenue

    $1,876,058

    Organization Details

    Founding Year

    1936

    Principal Officer

    Greg Hanshaw

    Main Address

    PO BOX 737, OTTUMWA, IA, 52501

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Community 1st Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.