Totals
- Total revenue
- $336,004,257
- Total expenses
- $269,692,868
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $225,126,989
- Investment income
- $105,613,340
- Other revenue
- $5,263,928
- Total assets, end of year
- $6,031,707,524
- Total liabilities, end of year
- $5,308,262,145
- Net assets or fund balances, end of year
- $723,445,379
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: LOAN INTEREST
total $185,628,482 · related or exempt $185,628,482
-
2b · Program service revenue: OTHER OPERATING INCOME
total $26,752,630 · related or exempt $26,752,630
-
2c · Program service revenue: FEES & SERVICE CHGS
total $12,745,877 · related or exempt $12,697,126 · unrelated business $48,751
-
3 · Investment income
total $105,654,046 · excluded $105,654,046
-
6a · Gross rents
real property $9,750
-
6b · Less rental expenses
real property $25,988
-
6c · Rental income or loss
real property -$16,238
-
6d · Net rental income or loss
total -$16,238 · unrelated business -$16,238
-
7a · Gross sales of assets other than inventory
other assets $103,638
-
7b · Less cost or other basis and sales expenses
other assets $144,344
-
7c · Gain or loss
other assets -$40,706
-
7d · Net gain or loss
total -$40,706 · excluded -$40,706
-
11a · Other revenue: OTHER NON-INTEREST INCOME
total $5,280,166 · related or exempt $5,280,166
-
11e · Other revenue, total
$5,280,166
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $147,868,941
-
5 · Compensation of officers, directors and key employees
total $4,219,910
-
7 · Other salaries and wages
total $38,338,180
-
8 · Pension plan contributions
total $2,902,532
-
9 · Other employee benefits
total $4,476,435
-
10 · Payroll taxes
total $3,242,436
-
11b · Fees: legal
total $248,884
-
11c · Fees: accounting
total $741,100
-
12 · Advertising and promotion
total $5,332,287
-
13 · Office expenses
total $10,472,854
-
14 · Information technology
total $5,842,872
-
16 · Occupancy
total $2,771,199
-
17 · Travel
total $381,547
-
19 · Conferences, conventions and meetings
total $341,718
-
20 · Interest
total $27,015,509
-
22 · Depreciation, depletion and amortization
total $4,104,201
-
23 · Insurance
total $379,071
-
24a · Other expenses: LOAN SERVICING EXPENSES
total $4,870,844
-
24b · Other expenses: PROVISION FOR CREDIT LO
total $4,165,877
-
24c · Other expenses: MISC NON-INTEREST EXPEN
total $1,716,119
-
24d · Other expenses: OPERATING FEES
total $260,352
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,324,270 · end of year $11,939,932
-
4 · Accounts receivable
beginning of year $33,578 · end of year $10,433
-
7 · Other notes and loans receivable
beginning of year $3,929,480,622 · end of year $4,219,055,780
-
9 · Prepaid expenses and deferred charges
beginning of year $53,884,640 · end of year $71,174,394
-
10a · Land, buildings and equipment: cost or other basis
$113,739,396
-
10b · Land, buildings and equipment: accumulated depreciation
$44,495,933
-
10c · Land, buildings and equipment, net
beginning of year $70,384,732 · end of year $69,243,463
-
13 · Investments: program-related
beginning of year $1,412,112,995 · end of year $1,580,750,196
-
15 · Other assets
beginning of year $70,232,353 · end of year $79,533,326
-
17 · Accounts payable and accrued expenses
beginning of year $58,234,479 · end of year $47,245,749
-
23 · Secured mortgages and notes payable
end of year $2,393,000
-
25 · Other liabilities
beginning of year $4,838,206,699 · end of year $5,258,623,396
-
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 $654,012,012 · end of year $723,445,379
Mission and programs · 2024
Mission
COMMUNITY FIRST CREDIT UNION WILL PROVIDE HIGH QUALITY, COMPETITIVE FINANCIAL PRODUCTS AND SERVICES WHICH ANTICIPATE AND EXCEED OUR MEMBERS' NEEDS. WE INTEND TO BE THE PRIMARY FINANCIAL ORGANIZATION FOR OUR MEMBERS BY EARNING AND MAINTAINING THEIR TRUST, BY MAINTAINING A BALANCE BETWEEN SOUND GROWTH, EARNINGS AND RESERVES, BY PROVIDING A CHALLENGING AND REWARDING ENVIRONMENT FOR OUR EMPLOYEES AND BY CONTRIBUTING TO THE SOCIAL AND ECONOMIC WELL-BEING OF THE COMMUNITIES WE SERVE.
Activities or mission (Part I)
OUR MISSION IS TO BE OUR MEMBERS' PRIMARY FINANCIAL SERVICES PROVIDER
-
PROVIDED FINANCIAL SERVICES TO 159,598 MEMBER OWNERS IN 2024. FUNDED 33,623 LOANS TO THESE MEMBERS IN 2024 FOR $1,407,304,205.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Catherine J TierneyCATHERINE J TIERNEY
CEO/PRESIDENT/BOD TREASURER
- Total calculated
- $1,358,098
- From this org
- $1,324,612
- From related orgs
- $0
- Other
- $33,486
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $981,844
- Bonus
- $309,561
- Other
- $33,207
- Deferred
- $23,000
- Nontaxable benefits
- $10,486
- Filer's total
- $1,358,098
-
Sara MichelettiSARA MICHELETTI
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Peter MariahazyPETER MARIAHAZY
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Michael MooreMICHAEL MOORE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn SiemanKATHRYN SIEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel FerrisDANIEL FERRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul SchwartzPAUL SCHWARTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amy Fricke-WeigelAMY FRICKE-WEIGEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew BinghamMATTHEW BINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam SwoverlandADAM SWOVERLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sara HutchinsonSARA HUTCHINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jay FulkersonJAY FULKERSON
BOARD MEMBER - EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Scott SteinfortSCOTT STEINFORT
CHIEF TECHNOLOGY OFFICER
- Total calculated
- $535,855
- From this org
- $434,009
- From related orgs
- $0
- Other
- $101,846
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $333,701
- Bonus
- $88,738
- Other
- $11,570
- Deferred
- $65,723
- Nontaxable benefits
- $36,123
- Filer's total
- $535,855
-
Charles BostickCHARLES BOSTICK
CHIEF FINANCIAL OFFICER
- Total calculated
- $520,746
- From this org
- $473,801
- From related orgs
- $0
- Other
- $46,945
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $378,119
- Bonus
- $89,802
- Other
- $5,880
- Deferred
- $22,983
- Nontaxable benefits
- $23,962
- Filer's total
- $520,746
-
Timothy HoffTIMOTHY HOFF
CHIEF LENDING OFFICER
- Total calculated
- $520,160
- From this org
- $412,291
- From related orgs
- $0
- Other
- $107,869
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $319,677
- Bonus
- $84,428
- Other
- $8,186
- Deferred
- $83,463
- Nontaxable benefits
- $24,406
- Filer's total
- $520,160
-
Amanda SecorAMANDA SECOR
CHIEF OF STAFF
- Total calculated
- $495,773
- From this org
- $346,337
- From related orgs
- $0
- Other
- $149,436
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,956
- Bonus
- $71,308
- Other
- $10,073
- Deferred
- $119,240
- Nontaxable benefits
- $30,196
- Filer's total
- $495,773
-
Kristy HesseKRISTY HESSE
CHIEF HR OFFICER
- Total calculated
- $421,964
- From this org
- $373,208
- From related orgs
- $0
- Other
- $48,756
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $294,000
- Bonus
- $73,210
- Other
- $5,998
- Deferred
- $48,756
- Nontaxable benefits
- $0
- Filer's total
- $421,964
-
Karrie DrobnickKARRIE DROBNICK
CHIEF STRATEGY & EXPERIENCE OFFICER
- Total calculated
- $242,788
- From this org
- $222,594
- From related orgs
- $0
- Other
- $20,194
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,077
- Bonus
- $15,000
- Other
- $3,517
- Deferred
- $0
- Nontaxable benefits
- $20,194
- Filer's total
- $242,788
-
Jennifer DiloretoJENNIFER DILORETO
CHIEF RISK OFFICER
- Total calculated
- $124,526
- From this org
- $120,167
- From related orgs
- $0
- Other
- $4,359
- Hours/week
- 40
-
Jake BumanJAKE BUMAN
FINANCIAL ADVISOR
- Total calculated
- $535,666
- From this org
- $478,042
- From related orgs
- $0
- Other
- $57,624
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $472,837
- Bonus
- $0
- Other
- $5,205
- Deferred
- $19,036
- Nontaxable benefits
- $38,588
- Filer's total
- $535,666
-
Jeffrey GarrettJEFFREY GARRETT
FINANCIAL ADVISOR PROGRAM
- Total calculated
- $473,978
- From this org
- $371,530
- From related orgs
- $0
- Other
- $102,448
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $365,421
- Bonus
- $0
- Other
- $6,109
- Deferred
- $66,027
- Nontaxable benefits
- $36,421
- Filer's total
- $473,978
-
Chad SchroederCHAD SCHROEDER
FINANCIAL ADVISOR
- Total calculated
- $461,053
- From this org
- $360,942
- From related orgs
- $0
- Other
- $100,111
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $355,822
- Bonus
- $0
- Other
- $5,120
- Deferred
- $84,691
- Nontaxable benefits
- $15,420
- Filer's total
- $461,053
-
Mary LornsonMARY LORNSON
SVP LENDING
- Total calculated
- $419,137
- From this org
- $275,605
- From related orgs
- $0
- Other
- $143,532
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,801
- Bonus
- $36,411
- Other
- $8,393
- Deferred
- $129,449
- Nontaxable benefits
- $14,083
- Filer's total
- $419,137
-
Mary J SullivanMARY J SULLIVAN
SVP SPECIAL PROJECTS
- Total calculated
- $447,655
- From this org
- $340,745
- From related orgs
- $0
- Other
- $106,910
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $267,831
- Bonus
- $61,951
- Other
- $10,963
- Deferred
- $90,086
- Nontaxable benefits
- $16,824
- Filer's total
- $447,655
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 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)
- PART I, LINE 4B
- CATHERINE J. TIERNEY - PARTICIPATED IN 457(B) DEFERRED COMPENSATION PLAN - NO PAYOUT IN 2024
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
COMMUNITY FIRST SERVICES INC
C · INSURANCE · WI · 100% owned · share of income -$358,883 · controlled entity
Directly controlled by COMMUNITY FIRST CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501339349308305
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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