Community First Credit Union

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

EIN: 396264347 ✦ Appleton, WI ✦ Designated as a 501(c)(14)

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Overview

What is Community First Credit Union?

Community First Credit Union is a financial institution based in Appleton, Wisconsin, serving a membership of over 152,852 individuals. In 2022, they funded 33,712 loans totaling $1,455,118,608 for their members. Their mission is to be the primary financial services provider for their members, offering high-quality and competitive financial products and services that anticipate and exceed their needs. They aim to maintain a balance between growth, earnings, and reserves while providing a challenging and rewarding work environment for their employees. The credit union also contributes to the social and economic well-being of the communities they serve.


Official website here: www.communityfirstcu.org

Is Community First Credit Union legitimate?

Community First Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $4,219,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,338,180

For more financial information, click here


Official website here: www.communityfirstcu.org

What is the mission statement of Community First Credit Union?

Community First Credit Union is dedicated to being the primary financial services provider for its members. The credit union offers high-quality, competitive financial products and services that exceed the needs of its members. By earning and maintaining their trust, balancing growth, earnings, and reserves, providing a stimulating work environment for employees, and contributing to the social and economic well-being of the communities it serves, Community First Credit Union aims to be the go-to financial organization for its members.


Official website here: www.communityfirstcu.org

Who is the CEO of Community First Credit Union?

Catherine J Tierney is the CEO of Community First Credit Union The CEO's salary of Community First Credit Union is $1,324,612 and their total compensation is $1,358,098.


Official website here: www.communityfirstcu.org

What is the revenue of Community First Credit Union?

Community First Credit Union's revenue in 2024 was $336,004,257.


Official website here: www.communityfirstcu.org

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

The average compensation at Community First Credit Union during 2024 was $58,379. There are 729 employees and 10 volunteers at Community First Credit Union.

Here are 24 key members and their salaries (Community First Credit Union's CEO's salary is $1,324,612 and their total compensation is $1,358,098):


Catherine J Tierney (Ceo/President/Bod Treasurer)
  • Compensation: $1,324,612
  • Related: $0
  • Other: $33,486
Sara Micheletti (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Mariahazy (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Moore (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Sieman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Ferris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Schwartz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Fricke-Weigel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Bingham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Swoverland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Hutchinson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Fulkerson (Board Member - Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Steinfort (Chief Technology Officer)
  • Compensation: $434,009
  • Related: $0
  • Other: $101,846
Charles Bostick (Chief Financial Officer)
  • Compensation: $473,801
  • Related: $0
  • Other: $46,945
Timothy Hoff (Chief Lending Officer)
  • Compensation: $412,291
  • Related: $0
  • Other: $107,869
Amanda Secor (Chief Of Staff)
  • Compensation: $346,337
  • Related: $0
  • Other: $149,436
Kristy Hesse (Chief Hr Officer)
  • Compensation: $373,208
  • Related: $0
  • Other: $48,756
Karrie Drobnick (Chief Strategy & Experience Officer)
  • Compensation: $222,594
  • Related: $0
  • Other: $20,194
Jennifer Diloreto (Chief Risk Officer)
  • Compensation: $120,167
  • Related: $0
  • Other: $4,359
Jake Buman (Financial Advisor)
  • Compensation: $478,042
  • Related: $0
  • Other: $57,624
Jeffrey Garrett (Financial Advisor Program)
  • Compensation: $371,530
  • Related: $0
  • Other: $102,448
Chad Schroeder (Financial Advisor)
  • Compensation: $360,942
  • Related: $0
  • Other: $100,111
Mary Lornson (Svp Lending)
  • Compensation: $275,605
  • Related: $0
  • Other: $143,532
Mary J Sullivan (Svp Special Projects)
  • Compensation: $340,745
  • Related: $0
  • Other: $106,910


Official website here: www.communityfirstcu.org

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

Community First Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.communityfirstcu.org

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

Mission Statement of Community First Credit Union

Community First Credit Union, a financial services provider, strives to be the go-to organization for its members. The mission of this credit union is twofold: to deliver high-quality, competitive financial products and services that surpass members' expectations, and to build lasting relationships based on trust. By maintaining a delicate balance between sound growth, earnings, and reserves, Community First Credit Union aspires to be the primary financial organization for its members.

Moreover, Community First Credit Union acknowledges the importance of its employees and provides a stimulating and rewarding work environment. The organization extends its reach beyond its financial offerings and contributes to the social and economic well-being of the communities it serves. This commitment to its members and the communities it operates in is a testament to Community First Credit Union's unwavering dedication to excellence.

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Impact




October, 2024

Community First Credit Union significantly impacts its members and the broader community through its commitment to providing high-quality financial services. In 2022, it served 152,852 member owners, offering a wide range of competitive financial products designed to meet their evolving needs. The credit union funded 33,712 loans totaling over $1.4 billion, enabling its members to achieve their financial goals, whether that's purchasing a home, investing in education, or starting a business.

By prioritizing trust and member satisfaction, Community First Credit Union has established itself as a primary financial services provider in the region. The organization balances sound growth and earnings while ensuring that it can provide excellent service and support to both its members and employees. Furthermore, Community First demonstrates a strong commitment to contributing to the social and economic well-being of the communities it serves in Appleton, WI, making a lasting difference in the lives of individuals and families within the community.




This information is meant to be a general summary of Community First 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.

Revenue
$336,004,257 (2024)
Expenses
$269,692,868 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $105,654,046
  • Program Service Revenue: $225,126,989
  • Gross Receipts: $336,174,589

Assets and Liabilities:

  • Total Assets: $5,156,851,836
  • Total Liabilities: $4,569,773,622
  • Net Assets: $587,078,214

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Programs

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

LOAN INTEREST

Revenue

$185,628,482

OTHER OPERATING INCOME

Revenue

$26,752,630

FEES & SERVICE CHGS

Revenue

$12,745,877

Organization Details

Founding Year

1975

Principal Officer

Catherine J Tierney

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