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)

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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 tax deductible.


Heare 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)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Treat (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernest Trakas (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Emert (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Hawickhorst (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Hudson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Zinn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.firstcommunity.com

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

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.

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Impact




October, 2024

First Community Credit Union plays a significant role in empowering its members financially. By offering a comprehensive range of services, including low-rate loans for auto, home, business, and unsecured purposes, the credit union enables over 356,000 members to achieve their financial goals more affordably.

In addition, First Community provides attractive depository options, such as savings and checking accounts, certificates of deposit, money management accounts, and IRAs. This not only supports members in saving and growing their funds but also promotes financial stability within the community.

The credit union's commitment to delivering services in a convenient, courteous, and professional manner enhances the overall member experience, fostering a strong sense of community and trust. Through its varied offerings, First Community Credit Union significantly contributes to the financial wellbeing of its members and the broader public benefit.




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.


Financials

This financial information is from Propublica.

Revenue
$155,589,615 (2022)
Expenses
$124,258,556 (2022)
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

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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

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