Overview
What is 1st Community Credit Union?
1st Community Credit Union is a community-focused, nonprofit organization, headquartered in Sparta, Wisconsin. Established with the goal of promoting thrift within its membership, it serves as a reliable source of credit at reasonable rates. The organization, chartered by the state, operates as a member-owned financial cooperative with a mission to improve its members' economic and social conditions. Currently, 1st Community Credit Union employs 82 individuals, actively contributing to the financial well-being of its community members.
Official website here: www.1stccu.com
Is 1st Community Credit Union legitimate?
1st Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $934,378
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,832,064
For more financial information, click here
Official website here: www.1stccu.com
What is the mission statement of 1st Community Credit Union?
The 1st Community Credit Union operates with a mission to serve its members as a member-owned, not-for-profit financial cooperative. This mission encompasses encouraging savings among its members, providing them with a reliable source of credit at reasonable costs, and fostering opportunities for its members to enhance their economic and social conditions. In essence, the credit union functions as a cooperative entity, aiming to promote thrift and improve financial well-being among its members.
Official website here: www.1stccu.com
Who is the CEO of 1st Community Credit Union?
Wendy Swanson is the Chairperson of 1st Community Credit Union. The CEO's salary of 1st Community Credit Union is $211,893 and their total compensation is $240,572.
Official website here: www.1stccu.com
What is the revenue of 1st Community Credit Union?
1st Community Credit Union's revenue in 2022 was $10,965,703.
Official website here: www.1stccu.com
Who are the executives of 1st Community Credit Union and what are their salaries?
The average compensation at 1st Community Credit Union during 2022 was $45,932. There are 82 employees and 7 volunteers at 1st Community Credit Union.
Here are 14 key members and their salaries (1st Community Credit Union's CEO's salary is $211,893 and their total compensation is $240,572):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $211,893
- Related: $0
- Other: $28,679
- Compensation: $107,119
- Related: $0
- Other: $17,294
- Compensation: $104,074
- Related: $0
- Other: $22,844
- Compensation: $106,907
- Related: $0
- Other: $17,252
- Compensation: $104,856
- Related: $0
- Other: $15,919
- Compensation: $92,910
- Related: $0
- Other: $22,075
- Compensation: $62,052
- Related: $0
- Other: $20,503
Official website here: www.1stccu.com
Where can I find the form 990 for 1st Community Credit Union?
1st Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1stccu.com
Learn more at the official website: www.1stccu.com
Mission Statement of 1st Community Credit Union
1st Community Credit Union, as a member-owned and not-for-profit financial cooperative, is committed to serving its members effectively. Its mission is to encourage savings among its members, providing them with a reliable source of credit at fair and reasonable costs. This cooperative strives to help its members improve their economic and social conditions, operating as a collective entity that prioritizes its members' financial well-being. By functioning as a financial cooperative, 1st Community Credit Union aims to foster a sense of community and mutual support among its members, working together to achieve financial stability and success.
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Impact
October, 2024
1st Community Credit Union fosters economic empowerment and social improvement in the Sparta, Wisconsin community by operating as a state-chartered financial cooperative. By encouraging thrift among its members and providing access to credit at fair and reasonable rates, the credit union enhances the financial well-being of its members. Its mission focuses on serving the needs of the community, allowing individuals to improve their economic conditions while promoting a sense of belonging and partnership among its members. This cooperative model not only supports the financial health of its clients but also contributes positively to the overall community by ensuring that financial services are accessible, equitable, and aligned with members' best interests.
This information is meant to be a general summary of 1st Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,154,919
- Program Service Revenue: $9,810,784
- Gross Receipts: $11,010,760
Assets and Liabilities:
- Total Assets: $254,992,758
- Total Liabilities: $234,868,290
- Net Assets: $20,124,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$7,283,306
OTHER INCOME
Revenue
$1,516,620
FEES AND CHARGES
Revenue
$524,805
INSURANCE SALES
Revenue
$486,053
Organization Details
Founding Year
1961
Phone
(608) 269-8121Principal Officer
Wendy Swanson
Main Address
1000 W WISCONSIN STREET PO BOX 167, SPARTA, WI, 54656
Website
www.1stccu.comNTEE Category
Code: W60 - Public benefit
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