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)

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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 tax deductible.


Heare 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)
  • Compensation: $610,129
  • Related: $0
  • Other: $49,738
Ben Tan (Treasurer)
  • Compensation: $3,921
  • Related: $0
  • Other: $0
Caryn Horvitz-Strauss (Chair)
  • Compensation: $1,713
  • Related: $0
  • Other: $0
Kenneth Mullins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Puckett (Vice Chair)
  • Compensation: $1,283
  • Related: $0
  • Other: $0
Barry Schlegel (Director)
  • Compensation: $1,283
  • Related: $0
  • Other: $0
William Jimro (Director)
  • Compensation: $2,971
  • Related: $0
  • Other: $0
Lori Gallegos (Coo)
  • Compensation: $382,904
  • Related: $0
  • Other: $57,364
Douglas Alldredge (Cfo)
  • Compensation: $286,530
  • Related: $0
  • Other: $56,095
Thomas Gessel (Cno)
  • Compensation: $295,554
  • Related: $0
  • Other: $48,181
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


Official website here: www.firstcu.org

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

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.

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Impact




October, 2024

First Credit Union has made a significant impact in the communities it serves by providing accessible banking and financial services tailored to the needs of its members. By offering lower fees and better rates, it empowers individuals and families to achieve their financial goals. The credit union focuses on enhancing its technology platforms, ensuring that members have access to modern banking solutions.

Moreover, First Credit Union actively engages with local schools, providing financial education to students and fostering financial literacy from a young age. This commitment extends beyond individual members to include collaborative efforts to raise funds and supplies for charitable causes, demonstrating a strong connection to the community.

Overall, First Credit Union is dedicated to improving the financial well-being of its members while contributing positively to the greater Chandler, AZ community.




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.


Financials

This financial information is from Propublica.

Revenue
$30,610,743 (2022)
Expenses
$25,835,411 (2022)
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

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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

$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

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