First Community Credit Union

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

EIN: 430687711 ✦ Chesterfield, MO ✦ Designated as a 501(c)(14)

Overview

What is First Community Credit Union?

First Community Credit Union, based in Chesterfield, Missouri, is a member-focused financial institution serving over 356 thousand individuals. With a team of 740 employees, they offer a comprehensive suite of services, including competitive loans at low rates and profitable depository accounts with high dividends. Their product range encompasses auto, home, business, and unsecured loans. The credit union also provides various depository options such as savings and checking accounts, certificates of deposit, money management accounts, and IRA accounts. Their mission is to be the primary financial institution for their members, offering these services in a convenient, courteous, and professional manner.


Official website here: www.firstcommunity.com

Is First Community Credit Union legitimate?

First Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Community 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: $4,675,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,062,442

For more financial information, click here


Official website here: www.firstcommunity.com

What is the mission statement of First Community Credit Union?

First Community Credit Union is committed to being the primary financial institution for its members. They aim to achieve this by offering and promoting a comprehensive range of financial services in a convenient, courteous, and professional manner. This credit union provides competitive loan rates while paying attractive dividends on deposit accounts. With over 356 thousand members, they cater to various financial needs such as auto, home, business, and unsecured loans. Additionally, they offer various deposit options including savings and checking accounts, certificates of deposit, money management accounts, and Individual Retirement Accounts (IRA).


Official website here: www.firstcommunity.com

Who is the CEO of First Community Credit Union?

Glenn D Barks is the President of First Community Credit Union.


Official website here: www.firstcommunity.com

What is the revenue of First Community Credit Union?

First Community Credit Union's revenue in 2022 was $155,589,615.


Official website here: www.firstcommunity.com

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

The average compensation at First Community Credit Union during 2022 was $48,295. There are 740 employees and 7 volunteers at First Community Credit Union.

Here are 23 key members and their salaries:

    Glenn D Barks (President)
  • Compensation: $1,604,083
  • Related: $0
  • Other: $229,692

    • Joy Weeks (Senior Vice President Of Lending)
  • Compensation: $341,050
  • Related: $0
  • Other: $194,851

    • Philip Hanna (Senior Vice President/Cfo)
  • Compensation: $317,798
  • Related: $0
  • Other: $152,263

    • Kristen Bland (Senior Vice President Of Administration)
  • Compensation: $266,508
  • Related: $0
  • Other: $84,234

    • Cindy Evans (Senior Vice President Of Branch Administration)
  • Compensation: $222,430
  • Related: $0
  • Other: $96,165

    • David Hudson (Vice President Of Information Technology)
  • Compensation: $244,173
  • Related: $0
  • Other: $71,107

    • Laura Alfeldt (Senior Vice President Of Communications And Public Relations)
  • Compensation: $196,504
  • Related: $0
  • Other: $66,505

    • Thomas Thornton (Vice-President Of Investment Services)
  • Compensation: $193,643
  • Related: $0
  • Other: $58,018

    • David Caster (Vice President Of Risk)
  • Compensation: $172,843
  • Related: $0
  • Other: $72,768

    • Tim Bowman (Vice President Of It)
  • Compensation: $130,320
  • Related: $0
  • Other: $43,613

    • Julie Carmody (Vice President Of Human Resources)
  • Compensation: $118,870
  • Related: $0
  • Other: $49,905

    • Aaron Chapman (Assistant Vice President Of Lending)
  • Compensation: $131,335
  • Related: $0
  • Other: $29,479

    • Joe Radeke (Assistant Vice-President Of Indirect Lending)
  • Compensation: $126,542
  • Related: $0
  • Other: $29,711

    • Derek Smith (Assistant Vice-President Of Collections)
  • Compensation: $118,648
  • Related: $0
  • Other: $35,987

    • Nicole Tucker (Branch Coordinator)
  • Compensation: $118,306
  • Related: $0
  • Other: $30,386

    • Stephen Morgenthaler (Senior Vice President Of Finance)
  • Compensation: $17,000
  • Related: $0
  • Other: $0

    • James White (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Treat (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernest Trakas (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Emert (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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


  • Official website here: www.firstcommunity.com

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

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


    Official website here: www.firstcommunity.com

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

    Mission Statement of First Community Credit Union

    First Community Credit Union, a member-focused financial institution, is dedicated to being the primary financial partner for its members. With a mission to provide and promote a comprehensive suite of services in a convenient, courteous, and professional manner, First Community Credit Union strives to meet the diverse financial needs of its over 356 thousand members.

    Through its commitment to delivering competitive benefits, First Community Credit Union offers an array of loan products at attractive rates. These loan options include auto, home, business, and unsecured loans, catering to the various financial requirements of its members. In addition to loans, First Community Credit Union provides a range of depository services such as savings and checking accounts, certificates of deposit, money management accounts, and Individual Retirement Accounts (IRAs). These services enable members to effectively manage their finances and save for future goals.

    By prioritizing its members, First Community Credit Union aims to build long-term relationships and offer personalized financial solutions. In doing so, it positions itself as a trusted financial partner and a valuable resource for its members.

    Impact

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




    Thursday, August 15, 2024

    First Community Credit Union's impact is widespread as it serves over 356 thousand members by providing a full range of financial services in a convenient, courteous, and professional manner. Through offering low-rate loans and high dividends on depository accounts, First Community helps members access essential financial resources for auto, home, business, and unsecured loans. Additionally, the credit union provides various depository options including savings and checking accounts, certificates of deposit, money management accounts, and IRA accounts. This substantial reach and commitment to providing quality financial services contribute to the overall economic well-being of the community.





    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: $24,588,835
  • Program Service Revenue: $131,000,780
  • Gross Receipts: $155,777,144

    • Assets and Liabilities:
  • Total Assets: $3,867,569,361
  • Total Liabilities: $3,678,661,663
  • Net Assets: $188,907,698
  • Programs

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

    Interest on Loans

    Revenue

    $81,220,950

    Fee Income

    Revenue

    $19,323,911

    Other Operating Income

    Revenue

    $30,455,919

    Organization Details

    Founding Year

    1934

    Principal Officer

    Glenn D Barks

    Main Address

    17151 Chesterfield Airport Road, Chesterfield, MO, 63005

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of First Community 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.