First Community Credit Union

Organization Overview

First Community Credit Union is located in Chesterfield, MO. As of 12/2022, First Community Credit Union employed 740 individuals. First Community 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, First Community Credit Union generated $155.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $124.3m during the year ending 12/2022. While expenses have increased by 7.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BE THE MEMBER'S PRIMARY FINANCIAL INSTITUTION BY PROVIDING AND PROMOTING A FULL-RANGE OF SERVICES IN A CONVENIENT, COURTEOUS AND PROFESSIONAL MANNER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FIRST COMMUNITY PROVIDES LOANS TO MEMBERS AT LOW RATES WHILE PAYING HIGH DIVIDENDS ON DEPOSITORY ACCOUNTS. WE SERVE OVER 356 THOUSAND MEMBERS OFFERING AUTO, HOME, BUSINESS AND UNSECURE LOANS. WE ALSO OFFER VARIOUS DEPOSITORY OPTIONS SUCH AS SAVINGS AND CHECKING ACCOUNTS, CERTIFICATES OF DEPOSIT, MONEY MANAGEMENT ACCOUNTS AND IRA ACCOUNTS.


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Board, Officers & Key Employees

Name (title)Compensation
Glenn D Barks
President
$1,604,083
Joy Weeks
Senior Vice President Of Lending
$341,050
Philip Hanna
Senior Vice President/cfo
$317,798
Kristen Bland
Senior Vice President Of Administration
$266,508
Cindy Evans
Senior Vice President Of Branch Administration
$222,430
David Hudson
Vice President Of Information Technology
$244,173

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$131,000,780
Investment income $24,652,778
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$63,943
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $155,589,615

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