Community First Credit Union
- Assets
- $5.2b
- Revenue
- $189.1m
- Investments
- $0.0
- Employees
- 704
- Location
- Appleton, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-6264347
Organization Overview
Community First Credit Union is located in Appleton, WI. As of 12/2022, Community First Credit Union employed 704 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 12/2022, Community First Credit Union generated $189.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $118.6m during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 7 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
2022
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 152,852 MEMBER OWNERS IN 2022. FUNDED 33,712 LOANS TO THESE MEMBERS IN 2022 FOR $1,455,118,608.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine J Tierney Ceo/president/bod Treasurer | OfficerTrustee | 40 | $1,021,104 |
Kathryn Sieman Chairperson | OfficerTrustee | 1 | $0 |
Sara Micheletti Vice Chair | OfficerTrustee | 1 | $0 |
Monica Hilt Secretary | OfficerTrustee | 1 | $0 |
Jay Fulkerson Board Member | Trustee | 1 | $0 |
Daniel Ferris Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Data Processing | 12/30/22 | $1,703,576 |
Burton Karstedt Inc Advertising | 12/30/22 | $2,044,111 |
Lumin Digital Onling Banking Service | 12/30/22 | $1,247,652 |
Jks Of Wisconsin Inc Dba Servicemaster Cleaning Service | 12/30/22 | $335,564 |
Heartland Business Systems Inc Data Processing | 12/30/22 | $381,176 |
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 | $154,743,871 |
| Investment income | $32,636,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$49,154 |
| Net Gain/Loss on Asset Sales | -$10,584 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,052,954 |
| 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 | $33,998,109 |
| Compensation of current officers, directors, key employees. | $3,382,378 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,393,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,496,159 |
| Payroll taxes | $2,402,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,657 |
| Fees for services: Accounting | $454,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,625,089 |
| Office expenses | $11,790,170 |
| Information technology | $2,687,023 |
| Royalties | $0 |
| Occupancy | $2,717,803 |
| Travel | $343,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $467,869 |
| Interest | $7,431,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,162,185 |
| Insurance | $423,556 |
| All other expenses | $0 |
| Total functional expenses | $118,578,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,350,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,215 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,543,648,794 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,506,009 |
| Net Land, buildings, and equipment | $66,257,076 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,400,083,673 |
| Intangible assets | $0 |
| Other assets | $58,909,151 |
| Total assets | $5,156,851,836 |
| Accounts payable and accrued expenses | $47,432,963 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,522,340,659 |
| Total liabilities | $4,569,773,622 |
| 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 | $587,078,214 |
| Total liabilities and net assets/fund balances | $5,156,851,836 |
Grants Awarded
Over the last fiscal year, Community First Credit Union has awarded $40,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FOX VALLEY HUMANE ASSOCIATION PURPOSE: TO HELP FIND SUITABLE HOMES FOR HOMELESS ANIMALS | $10,000 |
RIVERVIEW GARDENS INC PURPOSE: TO PROVIDE JOB TRAINING FOR PEOPLE IN NEED | $5,000 |
PILLARS INC PURPOSE: TO SUPPORT HOUSING NEEDS IN THE COMMUNITY | $5,000 |
GREATER FOX CITIES AREA HABITAT FOR HUMANITY PURPOSE: BUILD HOMES FOR THOSE IN NEED | $5,000 |
GREATER GREEN BAY HABITAT FOR HUMANITY PURPOSE: BUILD HOMES FOR THOSE IN NEED | $5,000 |
MANITOWOC COUNTY HABITAT FOR HUMANITY PURPOSE: BUILD HOMES FOR THOSE IN NEED | $5,000 |