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Nonprofiteer
← COMMUNITY 1ST CREDIT UNION

Form 990 for tax year 2022

Filed by COMMUNITY 1ST CREDIT UNION.

Totals

Total revenue
$10,270,112
Total expenses
$9,482,154
Contributions and grants received
$0
Grants paid
$500
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • FRANK WORDEN

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • MARK BORGAARD

    BOARD VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2.5

  • JANICE PARENT

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • ELAINE TIERNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • LARRY WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • STEVEN BATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • ALAN WALKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • SHARON CHAVEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • GRAEME SACKRISON

    BOARD MEMBER (THRU 10/22)

    Total calculated
    $0
    Hours/week
    2.5

  • JIM REID

    BOARD MEMBER (THRU 2/22)

    Total calculated
    $0
    Hours/week
    2.5

  • ANNE KUSH

    BOARD MEMBER (THRU 1/22)

    Total calculated
    $0
    Hours/week
    2.5

  • DANIEL LEFREE

    PRESIDENT/CEO

    Total calculated
    $196,789
    From this org
    $164,310
    From related orgs
    $0
    Other
    $32,479
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,977
    Bonus
    $500
    Other
    $6,833
    Deferred
    $14,408
    Nontaxable benefits
    $18,071
    Filer's total
    $196,789

  • NICOLE LOUGHEED

    EXECUTIVE VICE PRESIDENT/CFO

    Total calculated
    $118,684
    From this org
    $108,194
    From related orgs
    $0
    Other
    $10,490
    Hours/week
    50

  • WILLIAM PAULEN

    PRESIDENT / CEO (THRU 10/22)

    Total calculated
    $311,063
    From this org
    $278,876
    From related orgs
    $0
    Other
    $32,187
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $201,674
    Bonus
    $0
    Other
    $77,202
    Deferred
    $20,209
    Nontaxable benefits
    $11,978
    Filer's total
    $311,063

  • DARCY VANDER VOET

    VICE PRESIDENT OF OPERATIONS

    Total calculated
    $118,842
    From this org
    $100,714
    From related orgs
    $0
    Other
    $18,128
    Hours/week
    50

  • MICHAEL BAGWELL

    VICE PRESIDENT OF TECHNOLOGY

    Total calculated
    $119,713
    From this org
    $101,540
    From related orgs
    $0
    Other
    $18,173
    Hours/week
    50

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 — 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4A
UPON SEPARATION FROM SERVICE IN 2022, FORMER PRESIDENT AND CEO BILL PAULEN RECEIVED $65,000 IN EXCHANGE FOR A NONDISCLOSURE OF PROPRIETARY INFORMATION AGREEMENT.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349314965

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