Community 1st Credit Union

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

EIN: 910403380 ✦ Dupont, WA ✦ Designated as a 501(c)(14)

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Overview

What is Community 1st Credit Union?

Community 1st Credit Union is a member-focused financial institution located in Dupont, Washington. With a membership of 14,796 individuals, it offers various financial services such as savings, deposits, loans, and more. Its mission is to foster trust among its members while striving to remain their preferred financial institution. In 2022, the credit union worked diligently to provide these financial benefits, contributing to a more prosperous future for its members. The credit union's activities and mission emphasize its commitment to its members, ensuring they have access to reliable financial services.


Official website here: www.myc1cu.com

Is Community 1st Credit Union legitimate?

Community 1st Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community 1st 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: $626,536
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,640,981

For more financial information, click here


Official website here: www.myc1cu.com

What is the mission statement of Community 1st Credit Union?

Community 1st Credit Union's mission is centered around establishing and maintaining the trust of its members, with the aim of becoming their preferred financial institution. Their activities in 2022 included offering various financial services such as savings, deposits, loans, and other financial products to their 14,796 members. The credit union's focus is on ensuring a prosperous financial future for its members.


Official website here: www.myc1cu.com

Who is the CEO of Community 1st Credit Union?

Daniel M Lefree is the Board Chairperson of Community 1st Credit Union. The CEO's salary of Community 1st Credit Union is $164,310 and their total compensation is $196,789.


Official website here: www.myc1cu.com

What is the revenue of Community 1st Credit Union?

Community 1st Credit Union's revenue in 2022 was $10,270,112.


Official website here: www.myc1cu.com

Who are the executives of Community 1st Credit Union and what are their salaries?

The average compensation at Community 1st Credit Union during 2022 was $53,566. There are 61 employees and 14 volunteers at Community 1st Credit Union.


Here are 16 key members and their salaries (Community 1st Credit Union's CEO's salary is $164,310 and their total compensation is $196,789):


Frank Worden (Board Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Borgaard (Board Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janice Parent (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Tierney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Williams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Bates (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Chavez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Graeme Sackrison (Board Member (Thru 10/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Reid (Board Member (Thru 2/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Kush (Board Member (Thru 1/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Lefree (President/Ceo)
  • Compensation: $164,310
  • Related: $0
  • Other: $32,479
Nicole Lougheed (Executive Vice President/Cfo)
  • Compensation: $108,194
  • Related: $0
  • Other: $10,490
William Paulen (President / Ceo (Thru 10/22))
  • Compensation: $278,876
  • Related: $0
  • Other: $32,187
Darcy Vander Voet (Vice President Of Operations)
  • Compensation: $100,714
  • Related: $0
  • Other: $18,128
Michael Bagwell (Vice President Of Technology)
  • Compensation: $101,540
  • Related: $0
  • Other: $18,173


Official website here: www.myc1cu.com

Where can I find the form 990 for Community 1st Credit Union?

Community 1st Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.myc1cu.com

Learn more at the official website: www.myc1cu.com

Mission Statement of Community 1st Credit Union

Community 1st Credit Union is committed to building and preserving the confidence of its members, with the ultimate goal of becoming their preferred financial institution. This mission is underpinned by the provision of a variety of membership benefits, including savings, deposit, loan, and other financial services. The credit union's activities are geared towards ensuring a financially prosperous future for its 14,796 members. In essence, Community 1st Credit Union's mission is to foster trust, while continually earning its place as a valued financial partner to its members.

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Impact




October, 2024

Community 1st Credit Union plays a significant role in enhancing the financial wellbeing of its members in Dupont, WA. By offering a range of services—including savings accounts, deposits, loans, and other financial solutions—Community 1st Credit Union has empowered its 14,796 members to achieve greater financial stability and prosperity throughout 2022. The credit union is committed to establishing and maintaining the trust of its members, positioning itself as the preferred financial institution within the community. Through its membership benefits programs, Community 1st fosters a sense of community and support, ensuring that individuals have access to the resources they need for a brighter financial future.




This information is meant to be a general summary of Community 1st 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
$10,270,112 (2022)
Expenses
$9,482,154 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $811,891
  • Program Service Revenue: $9,402,455
  • Gross Receipts: $10,270,112

Assets and Liabilities:

  • Total Assets: $223,097,117
  • Total Liabilities: $202,129,920
  • Net Assets: $20,967,197

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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

$7,919,174

FEES & CHARGES

Revenue

$805,602

INTERCHANGE INCOME

Revenue

$560,764

GAIN ON SALE OF MORTGAGE LOAN

Revenue

$4,689

Organization Details

Founding Year

1934

Principal Officer

Daniel M Lefree

Main Address

PO BOX 870, DUPONT, WA, 98327

NTEE Category

Code: W60 - Public benefit

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