Community First Credit Union
- Assets
- $4.9b
- Revenue
- $150.7m
- Investments
- $0.0
- Employees
- 678
- Location
- Appleton, WI
- Founding
- Data as of
- 12/2021
- EIN
- 39-6264347
Organization Overview
Community First Credit Union is located in Appleton, WI. As of 12/2021, Community First Credit Union employed 678 individuals. Community First Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Community First Credit Union generated $150.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $96.7m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BE OUR MEMBERS' PRIMARY FINANCIAL SERVICES PROVIDER
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SERVICES TO 148,970 MEMBER OWNERS IN 2021. FUNDED 23,697 LOANS TO THESE MEMBERS IN 2021 FOR $1,554,367,014.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine J Tierney Ceo/president/treasurer | OfficerTrustee | 40 | $905,626 |
Jessica Brown Chief Financial Officer | Officer | 40 | $379,647 |
Scott Steinfort Chief Technology Officer | Officer | 40 | $353,832 |
Timothy Hoff Chief Lending Officer | Officer | 40 | $324,818 |
Mary J Sullivan SVP Special Projects | 40 | $317,748 | |
Kristy Hesse Chief Human Resources Offi | Officer | 40 | $281,701 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burton Karstedt Inc Advertising | 12/30/21 | $2,088,119 |
Fiserv Data Processing | 12/30/21 | $2,315,556 |
Infoimage Inc Mailing Service | 12/30/21 | $581,055 |
Lumin Digital Onling Banking Service | 12/30/21 | $876,402 |
Heartland Business Systems Inc Data Processing | 12/30/21 | $559,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $146,181,387 |
| Investment income | $3,204,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$45,152 |
| Net Gain/Loss on Asset Sales | -$545,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,657,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $28,490,465 |
| Compensation of current officers, directors, key employees. | $3,205,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,686,920 |
| Pension plan accruals and contributions | $107,950 |
| Other employee benefits | $3,034,279 |
| Payroll taxes | $2,146,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $308,157 |
| Fees for services: Accounting | $208,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,257,311 |
| Office expenses | $8,446,977 |
| Information technology | $4,026,866 |
| Royalties | $0 |
| Occupancy | $2,374,320 |
| Travel | $325,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,613 |
| Interest | $381,745 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,498,434 |
| Insurance | $293,355 |
| All other expenses | $0 |
| Total functional expenses | $96,657,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,416,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,120,087,692 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,279,630 |
| Net Land, buildings, and equipment | $69,272,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,596,171,947 |
| Intangible assets | $0 |
| Other assets | $54,009,302 |
| Total assets | $4,925,306,167 |
| Accounts payable and accrued expenses | $37,206,468 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,354,339,181 |
| Total liabilities | $4,396,545,649 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $528,760,518 |
| Total liabilities and net assets/fund balances | $4,925,306,167 |
Grants Awarded
Over the last fiscal year, Community First Credit Union has awarded $40,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Appleton, WI PURPOSE: TO HELP FIND SUITABLE HOMES FOR HOMELESS ANIMALS | $10,000 |
Menasha, WI PURPOSE: BUILD HOMES FOR THOSE IN NEED | $5,000 |
Green Bay, WI PURPOSE: BUILD HOMES FOR THOSE IN NEED | $5,000 |
RIVERVIEW GARDENS INC PURPOSE: TO PROVIDE JOB TRAINING FOR PEOPLE IN NEED | $5,000 |
Appleton, WI PURPOSE: TO SUPPORT HOUSING NEEDS IN THE COMMUNITY | $5,000 |
Manitowoc, WI PURPOSE: BUILD HOMES FOR THOSE IN NEED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Plan Of Michigan Okemos, MI | $855,270,608 | $992,190,042 |
Mclaren Health Plan Inc Flint, MI | $450,183,476 | $1,045,922,622 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Caresource Indiana Inc Dayton, OH | $434,368,652 | $990,208,142 |
Woodmen Of The World Life Insurance Society Omaha, NE | $11,463,649,522 | $1,020,619,814 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |