First American Credit Union

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

EIN: 860189823 ✦ Casa grande, AZ ✦ Designated as a 501(c)(14)

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Overview

What is First American Credit Union?

First American Credit Union is a non-profit cooperative, owned and operated by around 13,100 members. Located in Casa Grande, Arizona, it offers a range of banking services to its membership, including consumer lending, bill payment, mobile and home banking, deposit/transactional accounts, IRA accounts, debit/credit card services, ATM access, and various other financial services. The credit union's mission is to foster financial independence, promote diversity, and serve hard-working families within its community. With a team of 41 employees, First American Credit Union is dedicated to providing banking products and services to its members.


Official website here: www.firstamerican.org

Is First American Credit Union legitimate?

First American Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First American 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: $188,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,395,617

For more financial information, click here


Official website here: www.firstamerican.org

What is the mission statement of First American Credit Union?

First American Credit Union, as a non-profit cooperative, is dedicated to providing banking products and services to its membership. Its mission is threefold: to foster financial independence, promote diversity, and serve hard-working families. By doing so, the credit union aims to make a positive impact on its member base. The credit union offers various banking services such as consumer lending, bill payment, mobile and home banking, deposit and transactional accounts, IRA accounts, debit and credit card services, and ATM and other financial services.


Official website here: www.firstamerican.org

Who is the CEO of First American Credit Union?

Phil Peters is the President & Ceo/Director of First American Credit Union. The CEO's salary of First American Credit Union is $93,376 and their total compensation is $101,009.


Official website here: www.firstamerican.org

What is the revenue of First American Credit Union?

First American Credit Union's revenue in 2022 was $6,042,768.


Official website here: www.firstamerican.org

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

The average compensation at First American Credit Union during 2022 was $38,630. There are 41 employees and 8 volunteers at First American Credit Union.


Here are 9 key members and their salaries (First American Credit Union's CEO's salary is $93,376 and their total compensation is $101,009):


Phil Peters (President & Ceo/Director)
  • Compensation: $93,376
  • Related: $0
  • Other: $7,633
Frank Mesquita (Chief Financial Officer)
  • Compensation: $80,859
  • Related: $0
  • Other: $6,364
Jr Mcevoy (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cliff Kinser (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Mejia (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janice Weaver (Secretary (Thru 06/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Hudson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Hardy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duane Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.firstamerican.org

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

First American Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.firstamerican.org

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

Mission Statement of First American Credit Union

First American Credit Union, as a non-profit cooperative, is committed to creating financial independence for its members while promoting diversity. The mission of this credit union is to serve hard-working families by providing a wide range of banking products and services. By being a member-owned entity, First American Credit Union ensures that its decision-making process is driven by the needs and interests of its approximately 13,100 members.

The services offered by First American Credit Union are designed to cater to various financial needs. These services include consumer lending, bill payment, mobile and home banking, deposit and transactional accounts, IRA accounts, debit and credit card services, and ATM and other financial services. By offering these diverse financial solutions, First American Credit Union empowers its members to take control of their financial well-being and build a secure financial future. Furthermore, the credit union's mission is rooted in promoting diversity, ensuring that its services are accessible and beneficial to a wide range of hard-working families.

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Impact




October, 2024

First American Credit Union significantly impacts its community by providing essential banking products and services tailored to meet the needs of its approximately 13,100 members. Located in Casa Grande, Arizona, the credit union offers a range of financial options, including consumer lending, bill payment, mobile and home banking, deposit and transactional accounts, IRA accounts, and debit and credit card services.

Through its mission to promote financial independence and diversity, First American Credit Union serves hard-working families, enabling them to achieve their financial goals. The accessibility of services fosters a supportive environment where members can manage their finances efficiently. By prioritizing the well-being of its members, the credit union contributes to the overall economic stability and growth of the community it serves, reinforcing its role as a valuable financial resource.




This information is meant to be a general summary of First American 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
$6,042,768 (2022)
Expenses
$4,569,879 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $706,691
  • Program Service Revenue: $5,336,077
  • Gross Receipts: $6,053,020

Assets and Liabilities:

  • Total Assets: $109,153,033
  • Total Liabilities: $101,748,055
  • Net Assets: $7,404,978

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Programs

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

FEE INCOME

Revenue

$3,141,279

LOAN INCOME

Revenue

$2,194,798

Organization Details

Founding Year

1962

Principal Officer

Phil Peters

Main Address

1001 N PINAL AVENUE, CASA GRANDE, AZ, 85122

NTEE Category

Code: W60 - Public benefit

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