Overview
What is First Commerce Credit Union?
First Commerce Credit Union is a member-focused financial cooperative based on providing services and education to over 44,000 members. Their mission is to be a reliable financial partner for life by offering an extensive range of electronic services, such as digital banking, transfers, mobile deposits, and same-day bill pay. Additionally, they excel in auto lending, boasting Tallahassee's top program with various loan choices for their members.
Official website here: www.firstcommercecu.org
What are the reviews and ratings of this charity?
First Commerce Credit Union is not currently rated by Charity Navigator. This is primarily due to its status as a non-501(c)(3) organization, which places it outside the standard evaluation criteria applied by Charity Navigator. Consequently, typical metrics such as Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community are not applicable.
The lack of a rating from Charity Navigator does not implicitly suggest any strengths or weaknesses in the organization's operations. The absence of a formal assessment might reflect its classification under different regulatory standards rather than indicating performance levels. Without comprehensive data on revenue, expenses, or salaries, a clear financial picture is unavailable.
No user reviews are available on GreatNonprofits to provide additional insights or personal experiences related to First Commerce Credit Union. Therefore, public sentiment or anecdotal evidence cannot be discussed to highlight any positive or negative aspects encountered by its members or users.
This AI summary has been generated from information found on Charity Navigator.
Is First Commerce Credit Union legitimate?
First Commerce Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Commerce 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: $2,441,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,642,313
For more financial information, click here
Official website here: www.firstcommercecu.org
What is the mission statement of First Commerce Credit Union?
First Commerce Credit Union is committed to serving its members by providing essential financial services and education within the structure of a cooperative. The mission of the credit union is to act as a trusted financial partner for its members for life. Through a variety of electronic offerings, such as digital banking and mobile services, the credit union makes it convenient for nearly 44,000 members to manage their finances. First Commerce takes pride in its strong auto lending program, offering various loan options to its members.
Official website here: www.firstcommercecu.org
Who is the CEO of First Commerce Credit Union?
Cecilia Homison is the Principal Officer of First Commerce Credit Union. The CEO's salary of First Commerce Credit Union is $581,104 and their total compensation is $670,590.
Official website here: www.firstcommercecu.org
What is the revenue of First Commerce Credit Union?
First Commerce Credit Union's revenue in 2022 was $49,452,473.
Official website here: www.firstcommercecu.org
Who are the executives of First Commerce Credit Union and what are their salaries?
The average compensation at First Commerce Credit Union during 2022 was $42,341. There are 309 employees and 12 volunteers at First Commerce Credit Union.
Here are 18 key members and their salaries (First Commerce Credit Union's CEO's salary is $581,104 and their total compensation is $670,590):
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- Other: $0
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- Compensation: $581,104
- Related: $0
- Other: $89,486
- Compensation: $376,890
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- Other: $65,695
- Compensation: $166,423
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- Other: $40,258
- Compensation: $441,630
- Related: $0
- Other: $74,464
- Compensation: $259,562
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- Other: $35,903
- Compensation: $253,733
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- Other: $56,038
- Compensation: $194,247
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- Other: $24,226
- Compensation: $167,161
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- Other: $37,953
- Compensation: $160,871
- Related: $0
- Other: $31,737
- Compensation: $150,068
- Related: $0
- Other: $34,231
- Compensation: $149,405
- Related: $0
- Other: $43,738
Official website here: www.firstcommercecu.org
Where can I find the form 990 for First Commerce Credit Union?
First Commerce Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstcommercecu.org
Learn more at the official website: www.firstcommercecu.org
Mission Statement of First Commerce Credit Union
First Commerce Credit Union, a financial cooperative, is dedicated to delivering services and education to its over 44,000 members. Acting as their financial partners for life, the credit union goes beyond offering financial products. They pride themselves on their wide range of electronic services, enabling members to manage their accounts with ease through digital banking. This includes account tracking, transfers, mobile deposits, and same-day bill pay.
First Commerce Credit Union's mission extends beyond the realm of traditional banking. In the heart of their operations lies a commitment to put their members' needs first. They are not just a financial institution, but a trusted partner for their members. And to further illustrate their dedication, they boast an exceptional auto lending program in Tallahassee, providing members with a variety of loan choices for their automotive needs.
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Impact
October, 2024
First Commerce Credit Union profoundly impacts its community by serving as a trusted financial partner for nearly 44,000 members in Tallahassee, Florida. The credit union focuses on providing comprehensive financial services and education, empowering individuals to make informed financial decisions throughout their lives.
With a robust array of electronic services, First Commerce enhances convenience and accessibility, offering tools for account tracking, transfers, mobile deposits, and same-day bill pay. This commitment to innovation ensures members have the resources they need at their fingertips.
Additionally, First Commerce is renowned for its exceptional auto lending program, standing out as Tallahassee's #1 choice for auto loans. The credit union provides diverse lending options, which help members achieve their transportation needs while fostering financial wellness.
By prioritizing member education and support, First Commerce Credit Union not only fosters individual financial growth but also contributes to the overall economic development of the community. Its mission to be a lifelong financial partner profoundly influences the financial landscape and quality of life in the region.
This information is meant to be a general summary of First Commerce 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: $3,495,456
- Program Service Revenue: $45,957,017
- Gross Receipts: $49,646,354
Assets and Liabilities:
- Total Assets: $1,014,264,212
- Total Liabilities: $942,949,692
- Net Assets: $71,314,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOANS TO MEMBERS
Revenue
$30,756,209
FEES, CHARGES, & OTHER
Revenue
$15,010,101
FINANCE & INSURANCE
Revenue
$190,707
Organization Details
Founding Year
1940
Phone
(850) 488-0035Principal Officer
Cecilia Homison
Main Address
2073 SUMMIT LAKE DRIVE 100, TALLAHASSEE, FL, 32317
Website
www.firstcommercecu.orgNTEE Category
Code: W60 - Public benefit
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