Totals
- Total revenue
- $155,589,615
- Total expenses
- $124,258,556
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $131,000,780
- Investment income
- $24,588,835
- Other revenue
- $0
- Total assets, end of year
- $3,867,569,361
- Total liabilities, end of year
- $3,678,661,663
- Net assets or fund balances, end of year
- $188,907,698
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $124,258,556
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Interest on Loans
total $81,220,950 · related or exempt $81,220,950 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Fee Income
total $19,323,911 · related or exempt $18,568,362 · unrelated business $755,549 · excluded $0
-
2c · Program service revenue: Other Operating Income
total $30,455,919 · related or exempt $30,191,683 · unrelated business $264,236 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $24,652,778 · related or exempt $24,652,778 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $123,586
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $187,529
-
7c · Gain or loss
securities $0 · other assets -$63,943
-
7d · Net gain or loss
total -$63,943 · related or exempt -$63,943 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $4,675,683
-
7 · Other salaries and wages
total $31,062,442
-
8 · Pension plan contributions
total -$302,846
-
9 · Other employee benefits
total $5,373,174
-
10 · Payroll taxes
total $2,527,354
-
11b · Fees: legal
total $75,344
-
11c · Fees: accounting
total $122,405
-
12 · Advertising and promotion
total $5,048,944
-
13 · Office expenses
total $5,558,627
-
14 · Information technology
total $7,762,367
-
16 · Occupancy
total $6,973,759
-
17 · Travel
total $185,004
-
20 · Interest
total $25,323,824
-
22 · Depreciation, depletion and amortization
total $3,782,245
-
23 · Insurance
total $433,453
-
24a · Other expenses: Loss Provision
total $6,372,761
-
24b · Other expenses: Debit Card Expense
total $6,511,080
-
24c · Other expenses: Checking/Loan Servicing Expense
total $5,894,491
-
24d · Other expenses: ATM/Credit Card Expense
total $3,863,428
-
24e · All other expenses
total $3,015,017
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,137,465 · end of year $14,092,665
-
2 · Savings and temporary cash investments
beginning of year $826,442,422 · end of year $180,035,485
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $3,977,420 · end of year $6,987,661
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $1,758,654,861 · end of year $2,502,380,325
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $36,029,448 · end of year $26,454,169
-
10a · Land, buildings and equipment: cost or other basis
$131,047,653
-
10b · Land, buildings and equipment: accumulated depreciation
$58,612,495
-
10c · Land, buildings and equipment, net
beginning of year $71,361,350 · end of year $72,435,158
-
11 · Investments: publicly traded securities
beginning of year $970,752,385 · end of year $947,077,442
-
12 · Investments: other securities
beginning of year $63,328,000 · end of year $11,595,000
-
13 · Investments: program-related
beginning of year $46,706,273 · end of year $47,178,994
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $44,102,155 · end of year $59,332,462
-
17 · Accounts payable and accrued expenses
beginning of year $22,076,888 · end of year $69,197,941
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $3,141,221 · end of year $3,834,998
-
23 · Secured mortgages and notes payable
beginning of year $135,484,391 · end of year $92,064,993
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $3,405,852,070 · end of year $3,513,563,731
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $264,937,209 · end of year $188,907,698
Mission and programs · 2022
Mission
To be the member's primary financial institution by providing and promoting a full-range of services in a convenient, courteous and professional manner.
-
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.
Expenses $124,258,556 · Revenue $154,569,830
As filed on the 2022 return.
Listed in Part VII
-
Glenn D Barks
President
- Total calculated
- $1,833,775
- From this org
- $1,604,083
- From related orgs
- $0
- Other
- $229,692
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $1,354,083
- Bonus
- $250,000
- Other
- $0
- Deferred
- $213,250
- Nontaxable benefits
- $16,442
- Filer's total
- $1,833,775
-
Joy Weeks
Senior Vice President of Lending
- Total calculated
- $535,901
- From this org
- $341,050
- From related orgs
- $0
- Other
- $194,851
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $316,050
- Bonus
- $25,000
- Other
- $0
- Deferred
- $188,874
- Nontaxable benefits
- $5,977
- Filer's total
- $535,901
-
Philip Hanna
Senior Vice President/CFO
- Total calculated
- $470,061
- From this org
- $317,798
- From related orgs
- $0
- Other
- $152,263
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $292,798
- Bonus
- $25,000
- Other
- $0
- Deferred
- $129,860
- Nontaxable benefits
- $22,404
- Filer's total
- $470,062
-
Kristen Bland
Senior Vice President of Administration
- Total calculated
- $350,742
- From this org
- $266,508
- From related orgs
- $0
- Other
- $84,234
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $241,508
- Bonus
- $25,000
- Other
- $0
- Deferred
- $78,056
- Nontaxable benefits
- $6,177
- Filer's total
- $350,741
-
Cindy Evans
Senior Vice President of Branch Administration
- Total calculated
- $318,595
- From this org
- $222,430
- From related orgs
- $0
- Other
- $96,165
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $197,430
- Bonus
- $25,000
- Other
- $0
- Deferred
- $82,016
- Nontaxable benefits
- $14,150
- Filer's total
- $318,596
-
David Hudson
Vice President of Information Technology
- Total calculated
- $315,280
- From this org
- $244,173
- From related orgs
- $0
- Other
- $71,107
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $219,173
- Bonus
- $25,000
- Other
- $0
- Deferred
- $58,981
- Nontaxable benefits
- $12,127
- Filer's total
- $315,281
-
Laura Alfeldt
Senior Vice President of Communications and Public Relations
- Total calculated
- $263,009
- From this org
- $196,504
- From related orgs
- $0
- Other
- $66,505
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $171,504
- Bonus
- $25,000
- Other
- $0
- Deferred
- $54,068
- Nontaxable benefits
- $12,437
- Filer's total
- $263,009
-
Thomas Thornton
Vice-President of Investment Services
- Total calculated
- $251,661
- From this org
- $193,643
- From related orgs
- $0
- Other
- $58,018
- Hours/week
- 37.5
-
David Caster
Vice President of Risk
- Total calculated
- $245,611
- From this org
- $172,843
- From related orgs
- $0
- Other
- $72,768
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $147,843
- Bonus
- $25,000
- Other
- $0
- Deferred
- $52,344
- Nontaxable benefits
- $20,424
- Filer's total
- $245,611
-
Tim Bowman
Vice President of IT
- Total calculated
- $173,933
- From this org
- $130,320
- From related orgs
- $0
- Other
- $43,613
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $130,320
- Bonus
- $0
- Other
- $0
- Deferred
- $26,039
- Nontaxable benefits
- $17,574
- Filer's total
- $173,933
-
Julie Carmody
Vice President of Human Resources
- Total calculated
- $168,775
- From this org
- $118,870
- From related orgs
- $0
- Other
- $49,905
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $118,870
- Bonus
- $0
- Other
- $0
- Deferred
- $32,331
- Nontaxable benefits
- $17,574
- Filer's total
- $168,775
-
Aaron Chapman
Assistant Vice President of Lending
- Total calculated
- $160,814
- From this org
- $131,335
- From related orgs
- $0
- Other
- $29,479
- Hours/week
- 37.5
-
Joe Radeke
Assistant Vice-President of Indirect Lending
- Total calculated
- $156,253
- From this org
- $126,542
- From related orgs
- $0
- Other
- $29,711
- Hours/week
- 37.5
-
Derek Smith
Assistant Vice-President of Collections
- Total calculated
- $154,635
- From this org
- $118,648
- From related orgs
- $0
- Other
- $35,987
- Hours/week
- 37.5
-
Nicole Tucker
Branch Coordinator
- Total calculated
- $148,692
- From this org
- $118,306
- From related orgs
- $0
- Other
- $30,386
- Hours/week
- 37.5
-
Stephen Morgenthaler
Senior Vice President of Finance
- Total calculated
- $17,000
- From this org
- $17,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $17,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $17,000
-
James White
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
David Treat
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Ernest Trakas
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Karen Emert
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ben Hawickhorst
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sharon Hudson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Fred Zinn
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a
- The credit union provides travel for companions.
- Schedule J, Part I, Line 4
- The President and Senior VP of Lending participate in these plans.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
First Community Realty
Realty Services · MO · income -$910,550 · assets $450,612
Directly controlled by First Community Credit Union
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323389349300442
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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