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First Community Credit Union

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

EIN: 930468003 ✦ Coquille, OR ✦ Designated as a 501(c)(14)

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Overview

What is First Community Credit Union?

First Community Credit Union, located at 200 N Adams Street in Coquille, Oregon (97423), is a state-chartered financial institution dedicated to establishing enduring relationships with its customers through personalized banking services. With a team of approximately 402 dedicated employees, they provide a comprehensive range of financial offerings, including loans, deposits, automated clearing house (ACH) services, and ATM access. Their operations are open Monday through Friday, except on federal holidays. The credit union's mission is to foster lasting financial connections by offering tailored banking experiences.


Official website here: www.myfirstccu.org

What are the reviews and ratings of this charity?

First Community Credit Union is not currently rated by Charity Navigator due to its non-501(c)(3) status, which precludes it from being evaluated through the site's standard methodologies like Accountability & Finance. The absence of a rating does not suggest a negative outlook; rather, it highlights the limitations in data applicability for certain types of organizations on the platform.

Key organizational data such as revenue, expenses, and salaries is also unavailable, as it lacks the necessary Form 990 filings needed for such evaluations. Charity Navigator evaluations are more applicable to nonprofits registered as 501(c)(3), which provide regular and comprehensive financial disclosures.

No user feedback is available from GreatNonprofits, so public sentiment or experiential accounts are not presently documented. This lack of user reviews and financial data leaves a gap in understanding the credit union’s operational ethos and community impact through these specific platforms.


This AI summary has been generated from information found on Charity Navigator.

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: $2,418,239
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,945,703

For more financial information, click here


Official website here: www.myfirstccu.org

What is the mission statement of First Community Credit Union?

First Community Credit Union is dedicated to building enduring financial relationships with its members. This mission is achieved through personalized banking services. The credit union offers a range of financial activities, including the funding and servicing of loans, deposits, ACH services, and ATM access, among others. These services are available from Monday to Friday, with the exception of federal holidays. By prioritizing personalized banking, First Community Credit Union aims to foster long-term financial partnerships with its members.


Official website here: www.myfirstccu.org

Who is the CEO of First Community Credit Union?

David Elmer is the President/Ceo/Treasurer of First Community Credit Union. The CEO's salary of First Community Credit Union is $709,851 and their total compensation is $746,212.


Official website here: www.myfirstccu.org

What is the revenue of First Community Credit Union?

First Community Credit Union's revenue in 2022 was $57,546,079.


Official website here: www.myfirstccu.org

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 $50,657. There are 402 employees and 18 volunteers at First Community Credit Union.


Here are 21 key members and their salaries (First Community Credit Union's CEO's salary is $709,851 and their total compensation is $746,212):


Shaun Hoback (Board Member (Chairperson))
  • Compensation: $25,000
  • Related: $0
  • Other: $0
Robin Mcalpin (Board Member (Vice-Chairperson))
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Linda Furman Grile (Board Member (Secretary))
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Brian Menefee (Board Member (Treasurer))
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Steve Mohrland (Board Member (Former Chair))
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Dan Gibson (Board Member)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Frank Sproul (Board Member)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Dennis Erickson (Board Member)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Gerald Prickett (Board Member)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Hall Thomas (Board Member)
  • Compensation: $20,000
  • Related: $0
  • Other: $0
June Chadbourne (Board Member)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Mary-Ellen Robbins (Board Member)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Elizabeth Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Elmer (President/Ceo/Treasurer)
  • Compensation: $709,851
  • Related: $0
  • Other: $36,361
Renee Nelson (Executive Vice President/Cfo)
  • Compensation: $800,523
  • Related: $0
  • Other: $36,361
Denise Hill (Executive Vice President/Coo)
  • Compensation: $591,126
  • Related: $0
  • Other: $19,017
Ted Rubin (Vp Of Investment Services)
  • Compensation: $229,257
  • Related: $0
  • Other: $36,361
Kevin Isley (Svp Ebanking & Development)
  • Compensation: $223,176
  • Related: $0
  • Other: $36,361
Erin Spencer (Svp Communications & Engagement)
  • Compensation: $212,348
  • Related: $0
  • Other: $27,815
Mindy Reeves (Svp Credit Administration)
  • Compensation: $217,719
  • Related: $0
  • Other: $36,361
Mike Leep (Svp Finance)
  • Compensation: $230,218
  • Related: $0
  • Other: $35,320


Official website here: www.myfirstccu.org

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.myfirstccu.org

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

Mission Statement of First Community Credit Union

First Community Credit Union, a state-chartered financial institution, is committed to establishing enduring financial relationships with its members through tailored banking services. The organization's mission comes to life as it offers a range of financial activities, including the processing and approval of loans and the management of deposits, ACH services, and ATM access among others. This personalized approach sets the tone for the credit union's interactions with its clientele, fostering long-lasting bonds.

The First Community Credit Union team is dedicated to providing these services, ensuring they are accessible to members from Monday through Friday, with the exception of federal holidays. By prioritizing individual needs and offering flexible financing solutions, the credit union cultivates a sense of trust and reliability among its members. This commitment to creating meaningful connections is at the heart of the organization's mission.

In essence, First Community Credit Union stands out as a financial partner that goes the extra mile to understand and cater to the unique financial circumstances of its members. By offering a range of services and maintaining a personal touch, this credit union builds lasting relationships based on trust and understanding.

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Impact




October, 2024

First Community Credit Union has a significant impact on the financial well-being of individuals and the community it serves in Coquille, Oregon. By prioritizing personalized banking, the credit union fosters lasting financial relationships with its members, ensuring that they receive tailored financial solutions to meet their unique needs.

The credit union provides a comprehensive array of services, including loan funding and servicing, deposit accounts, ACH services, and ATM access, all available during the week. This accessibility allows members to efficiently manage their finances while benefiting from a supportive and community-oriented banking environment. Through its mission, First Community Credit Union not only enhances individual financial stability but also contributes to the broader economic health of the local community, reinforcing the importance of public benefit in their operations.




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
$57,546,079 (2022)
Expenses
$40,033,603 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $10,082,911
  • Program Service Revenue: $45,818,754
  • Gross Receipts: $58,042,476

Assets and Liabilities:

  • Total Assets: $1,796,419,066
  • Total Liabilities: $1,629,402,121
  • Net Assets: $167,016,945

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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

$30,756,633

OTHER OPERATING INCOME

Revenue

$15,062,121

Organization Details

Founding Year

1957

Principal Officer

David Elmer

Main Address

200 N ADAMS STREET, COQUILLE, OR, 97423

NTEE Category

Code: W61 - Public benefit

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