Form 990 for tax year 2023
Filed by 151 FIREFIGHTERS COMMUNITY CREDIT UNION INC.
Totals
- Total revenue
- $17,544,871
- Total expenses
- $17,041,273
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $16,334,180
- Investment income
- $1,210,691
- Other revenue
- $0
- Total assets, end of year
- $330,048,636
- Total liabilities, end of year
- $301,735,015
- Net assets or fund balances, end of year
- $28,313,621
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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: LOAN INTEREST
total $11,844,831 · related or exempt $11,844,831
-
2b · Program service revenue: FEE INCOME
total $2,278,173 · related or exempt $2,278,173
-
2c · Program service revenue: OTHER INCOME
total $2,165,923 · related or exempt $2,165,923
-
2d · Program service revenue: VEHICLE SERVICE CONTRACTS
total $27,100 · unrelated business $27,100
-
2e · Program service revenue: FEE INCOME
total $18,153 · unrelated business $18,153
-
3 · Investment income
total $1,210,691 · excluded $1,210,691
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $2,565,100
-
5 · Compensation of officers, directors and key employees
total $1,057,947
-
7 · Other salaries and wages
total $3,570,391
-
8 · Pension plan contributions
total $322,604
-
9 · Other employee benefits
total $1,324,882
-
10 · Payroll taxes
total $341,057
-
11b · Fees: legal
total $10,286
-
11c · Fees: accounting
total $48,077
-
11f · Fees: investment management
total $5,733
-
11g · Fees: other
total $288,456
-
12 · Advertising and promotion
total $378,698
-
13 · Office expenses
total $1,262,709
-
16 · Occupancy
total $594,889
-
19 · Conferences, conventions and meetings
total $153,243
-
20 · Interest
total $201,017
-
22 · Depreciation, depletion and amortization
total $407,936
-
23 · Insurance
total $152,872
-
24a · Other expenses: NON-OPERATING EXPENSES
total $1,500,000
-
24b · Other expenses: DEBIT CARD EXPENSE
total $879,417
-
24c · Other expenses: VISA EXPENSE
total $570,916
-
24d · Other expenses: LOAN SERVICING
total $435,390
-
24e · All other expenses
total $969,653
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,969,415 · end of year $2,660,094
-
2 · Savings and temporary cash investments
beginning of year $55,132,434 · end of year $42,262,463
-
7 · Other notes and loans receivable
beginning of year $250,397,329 · end of year $253,268,790
-
9 · Prepaid expenses and deferred charges
beginning of year $3,573,700 · end of year $2,845,512
-
10a · Land, buildings and equipment: cost or other basis
$12,740,055
-
10b · Land, buildings and equipment: accumulated depreciation
$4,642,436
-
10c · Land, buildings and equipment, net
beginning of year $8,252,726 · end of year $8,097,619
-
12 · Investments: other securities
beginning of year $9,229,126 · end of year $14,762,952
-
15 · Other assets
beginning of year $5,742,779 · end of year $6,151,206
-
17 · Accounts payable and accrued expenses
beginning of year $19,917,009 · end of year $5,797,611
-
25 · Other liabilities
beginning of year $288,316,506 · end of year $295,937,404
-
31 · Retained earnings, endowment or other funds
beginning of year $27,063,994 · end of year $28,313,621
Mission and programs · 2023
Mission
TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.
-
DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 55,932 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 30,988 MEMBERS.
-
EMPLOYEE LABOR AND BENEFIT COSTS INCURRED PROVIDING MEMBER SERVICES AND SUPPORT; INCLUDING SAVINGS DEPOSITS AND WITHDRAWALS, LOAN ORIGINATION AND SERVICING, AND MEMBER TECHNICAL SUPPORT.
-
DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICES.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Benjamin LaurendeauBENJAMIN LAURENDEAU
PRESIDENT/CE
- Total calculated
- $447,362
- From this org
- $379,012
- From related orgs
- $0
- Other
- $68,350
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $379,012
- Bonus
- not reported
- Other
- not reported
- Deferred
- $26,321
- Nontaxable benefits
- $42,029
- Filer's total
- $447,362
-
John CarrickJOHN CARRICK
CFO
- Total calculated
- $212,754
- From this org
- $157,344
- From related orgs
- $0
- Other
- $55,410
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $157,344
- Bonus
- not reported
- Other
- not reported
- Deferred
- $13,381
- Nontaxable benefits
- $42,029
- Filer's total
- $212,754
-
Kathy RiggsKATHY RIGGS
CRO
- Total calculated
- $160,197
- From this org
- $146,867
- From related orgs
- $0
- Other
- $13,330
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $146,867
- Bonus
- not reported
- Other
- not reported
- Deferred
- $12,442
- Nontaxable benefits
- $888
- Filer's total
- $160,197
-
Paul HumphreyPAUL HUMPHREY
CLO
- Total calculated
- $153,681
- From this org
- $132,440
- From related orgs
- $0
- Other
- $21,241
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $132,440
- Bonus
- not reported
- Other
- not reported
- Deferred
- $11,155
- Nontaxable benefits
- $10,086
- Filer's total
- $153,681
-
Alyssa EvanoffALYSSA EVANOFF
CMO
- Total calculated
- $144,759
- From this org
- $131,925
- From related orgs
- $0
- Other
- $12,834
- Hours/week
- 37.5
-
Jessica BittnerJESSICA BITTNER
COO
- Total calculated
- $120,696
- From this org
- $110,359
- From related orgs
- $0
- Other
- $10,337
- Hours/week
- 37.5
-
Gary AberznikGARY ABERZNIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James AndrewsJAMES ANDREWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Damian BorkowskiDAMIAN BORKOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Richard BowmanRICHARD BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dennis CorriganDENNIS CORRIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
William DeightonWILLIAM DEIGHTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Bryan GallagherBRYAN GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Barbara McCulloughBARBARA MCCULLOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Anthony MissigANTHONY MISSIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James PolkJAMES POLK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert SchwindROBERT SCHWIND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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
None.
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
- 2023
- Filed
- 12 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202422609349300967
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