Skip to content
Nonprofiteer
← 708 COMMUNITY FIRST CREDIT UNION INC

Form 990 for tax year 2025

Filed by 708 COMMUNITY FIRST CREDIT UNION INC.

Totals

Total revenue
$4,621,083
Total expenses
$3,894,381
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,155,310
Investment income
$1,465,773
Other revenue
$0
Total assets, end of year
$96,169,986
Total liabilities, end of year
$82,908,112
Net assets or fund balances, end of year
$13,261,874
Program services expenses (Part IX)
$3,307,438
Management and general expenses
$586,943
Fundraising expenses
$0
Program service expenses (Part III)
$3,307,438

Program services were 84.9% 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 to members

    total $2,722,220 · related or exempt $2,722,220 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Fees to members

    total $428,464 · related or exempt $428,464 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: ATM surcharges to nonmembers

    total $4,626 · related or exempt $0 · unrelated business $4,626 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,465,773 · related or exempt $1,465,773 · 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

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $260,283 · program services $0 · management and general $260,283 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $756,633 · program services $646,097 · management and general $110,536 · fundraising $0

  • 8 · Pension plan contributions

    total $60,476 · program services $38,423 · management and general $22,053 · fundraising $0

  • 9 · Other employee benefits

    total $187,677 · program services $119,240 · management and general $68,437 · fundraising $0

  • 10 · Payroll taxes

    total $78,445 · program services $49,840 · management and general $28,605 · fundraising $0

  • 11a · Fees: management

    total $22,964 · program services $0 · management and general $22,964 · fundraising $0

  • 11b · Fees: legal

    total $2,164 · program services $2,164 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $28,208 · program services $0 · management and general $28,208 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $51,472 · program services $51,472 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $121,818 · program services $121,818 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $661,822 · program services $661,822 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $78,675 · program services $70,808 · management and general $7,867 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $21,617 · program services $12,091 · management and general $9,526 · fundraising $0

  • 20 · Interest

    total $733,791 · program services $733,791 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $80,622 · program services $72,967 · management and general $7,655 · fundraising $0

  • 23 · Insurance

    total $38,548 · program services $38,548 · management and general $0 · fundraising $0

  • 24a · Other expenses: Share servicing (ATM, debit, draft)

    total $250,387 · program services $250,387 · management and general $0 · fundraising $0

  • 24b · Other expenses: Loan servicing (credit card, collection)

    total $428,923 · program services $428,923 · management and general $0 · fundraising $0

  • 24c · Other expenses: Regulators

    total $20,809 · program services $0 · management and general $20,809 · fundraising $0

  • 24e · All other expenses

    total $9,047 · program services $9,047 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $892,127 · end of year $562,719

  • 2 · Savings and temporary cash investments

    beginning of year $4,060,325 · end of year $5,269,893

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $108,098 · end of year $572,909

  • 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 $41,720,231 · end of year $46,036,707

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $120,964 · end of year $80,450

  • 10a · Land, buildings and equipment: cost or other basis

    $2,028,740

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,203,942

  • 10c · Land, buildings and equipment, net

    beginning of year $872,946 · end of year $824,798

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $44,492,706 · end of year $41,961,772

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,174,632 · end of year $860,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $686,462 · end of year $820,056

  • 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 $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $80,522,625 · end of year $82,088,056

  • 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 $12,232,942 · end of year $13,261,874

Mission and programs · 2025

Mission

The mission is to enrich the financial well being of our members and the community we serve.

Activities or mission (Part I)

Community First Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for the member owners.

  • The organization is a state chartered member owned cooperative credit union that provides financial products and services to the member owners.

    Expenses $3,307,438 · Revenue $4,616,457

As filed on the 2025 return.

Listed in Part VII

  • Mark DeGeorge

    Chief Executive Officer

    Total calculated
    $194,276
    From this org
    $153,476
    From related orgs
    $0
    Other
    $40,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,967
    Bonus
    $16,509
    Other
    $0
    Deferred
    $9,493
    Nontaxable benefits
    $14,837
    Filer's total
    $177,806

  • Phil Pawlowski

    Chief Financial Officer

    Total calculated
    $156,007
    From this org
    $106,807
    From related orgs
    $0
    Other
    $49,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $95,033
    Bonus
    $11,774
    Other
    $0
    Deferred
    $6,888
    Nontaxable benefits
    $30,592
    Filer's total
    $144,287

  • Michael Fitchet

    Chairperson of Board

    Total calculated
    $0
    Hours/week
    1

  • Joanne Prickett

    Vice Chairperson of Board

    Total calculated
    $0
    Hours/week
    1

  • Mary Zappitelli

    Treasurer/Secretary of Board

    Total calculated
    $0
    Hours/week
    1

  • Connie Peet

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Astorino

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Cervas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Hawkins

    Director

    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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
2025
Filed
4 May 2026
IRS schema version
2025v4.0
Source object
202601359349305110

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.