First Credit Union

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

EIN: 860100904 ✦ Chandler, AZ ✦ Designated as a 501(c)(14)

Overview

What is First Credit Union?

First Credit Union is a non-profit cooperative based in Chandler, Arizona, with a US address at 25 South Arizona Place 111. They offer banking and financial services to their members, committed to giving back to their communities through lower fees, better rates, improved technology, financial education, and charitable contributions. With a team of 191 employees, they aim to enhance the financial well-being of their members while making a positive impact on the local community.


Official website here: www.firstcu.org

Is First Credit Union legitimate?

First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First 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: $2,319,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,369,168

For more financial information, click here


Official website here: www.firstcu.org

What is the mission statement of First Credit Union?

First Credit Union is a non-profit cooperative dedicated to offering banking and financial services to its members. They strive to give back to the communities they serve by implementing lower fees, better rates, and improving their technology platforms. Financial education is a priority, with the union working with local schools to impart this knowledge to students. Members are encouraged to contribute to charitable causes, and the union facilitates these efforts. Ongoing improvement of financial services offerings is a continual focus for First Credit Union.


Official website here: www.firstcu.org

Who is the CEO of First Credit Union?

Jay Curtis is the President & Ceo, Board Member of First Credit Union. The CEO's salary of First Credit Union is $610,129 and their total compensation is $659,867.


Official website here: www.firstcu.org

What is the revenue of First Credit Union?

First Credit Union's revenue in 2022 was $30,610,743.


Official website here: www.firstcu.org

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

The average compensation at First Credit Union during 2022 was $50,727. There are 191 employees and 10 volunteers at First Credit Union.

Here are 17 key members and their salaries (First Credit Union's CEO's salary is $610,129 and their total compensation is $659,867):

    Jay Curtis (President & Ceo, Board Member) [Trustee/Director]
  • Compensation: $610,129
  • Related: $0
  • Other: $49,738

    • Lori Gallegos (Coo)
  • Compensation: $382,904
  • Related: $0
  • Other: $57,364

    • Thomas Gessel (Cno)
  • Compensation: $295,554
  • Related: $0
  • Other: $48,181

    • Douglas Alldredge (Cfo)
  • Compensation: $286,530
  • Related: $0
  • Other: $56,095

    • Heidi Kim (Cxo)
  • Compensation: $244,475
  • Related: $0
  • Other: $52,723

    • Thomas Wasson (Clo)
  • Compensation: $185,698
  • Related: $0
  • Other: $39,098

    • Benjamin Ricks (Vp/It)
  • Compensation: $181,998
  • Related: $0
  • Other: $35,845

    • Scot Gilbreath (Vp/Re Lending)
  • Compensation: $167,920
  • Related: $0
  • Other: $28,820

    • Chantel Campbell (Vp/Finance)
  • Compensation: $126,511
  • Related: $0
  • Other: $32,437

    • Lisa Peters (Avp/Compliance & Risk)
  • Compensation: $138,762
  • Related: $0
  • Other: $17,892

    • Kristin Parker (Avp/Lending)
  • Compensation: $121,281
  • Related: $0
  • Other: $24,323

    • Ben Tan (Treasurer) [Trustee/Director]
  • Compensation: $3,921
  • Related: $0
  • Other: $0

    • William Jimro (Director)
  • Compensation: $2,971
  • Related: $0
  • Other: $0

    • Caryn Horvitz-Strauss (Chair) [Trustee/Director]
  • Compensation: $1,713
  • Related: $0
  • Other: $0

    • Russ Puckett (Vice Chair) [Trustee/Director]
  • Compensation: $1,283
  • Related: $0
  • Other: $0

    • Barry Schlegel (Director)
  • Compensation: $1,283
  • Related: $0
  • Other: $0

    • Kenneth Mullins (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.firstcu.org

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

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


    Official website here: www.firstcu.org

    Learn more at the official website: www.firstcu.org

    Mission Statement of First Credit Union

    First Credit Union, a non-profit cooperative, is dedicated to delivering banking and financial services to its members. In its mission to give back to the communities it serves, First Credit Union strives to provide lower fees and better rates, continually improving its technology platforms to meet the evolving needs of its members.

    Beyond financial services, First Credit Union is committed to community engagement. It partners with local schools to offer financial education to students, helping them develop essential skills for managing their money. The cooperative also fosters a culture of giving, collaborating with its members to raise funds and supplies for charitable causes. First Credit Union's dedication to improving its offerings extends to the financial realm, where it seeks to enhance the experience of its members.

    Impact

    This information is meant to be a general summary of First 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 Credit Union's impact is significant as it works to give back to the communities it serves through initiatives such as lower fees, better rates, improved technology platforms, financial education in local schools, fundraising for charitable causes with members, and enhancing its financial services offerings. Through these efforts, First Credit Union positively influences the financial well-being of its members and contributes to the overall development 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: $4,615,857
  • Program Service Revenue: $24,739,055
  • Gross Receipts: $31,038,893

    • Assets and Liabilities:
  • Total Assets: $711,017,037
  • Total Liabilities: $669,443,228
  • Net Assets: $41,573,809
  • Programs

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

    INTEREST ON LOANS

    Revenue

    $17,986,465

    FEE INCOME

    Revenue

    $4,018,449

    INTERCHANGE INCOME

    Revenue

    $2,734,141

    Organization Details

    Founding Year

    1929

    Principal Officer

    Jay Curtis

    Main Address

    25 SOUTH ARIZONA PLACE 111, CHANDLER, AZ, 85225

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of First 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.