Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Interest on Loans

  total $166,755,094 · related or exempt $166,755,094 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Fee Income

  total $20,348,492 · related or exempt $19,845,103 · unrelated business $503,389 · excluded $0

• 2c · Program service revenue: Other Operating Income

  total $32,066,797 · related or exempt $30,417,427 · unrelated business $1,649,370 · excluded $0

• 2f · All other program service revenue

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

• 3 · Investment income

  total $34,755,923 · related or exempt $34,755,923 · 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 $105,439,640 · other assets $130,244

• 7b · Less cost or other basis and sales expenses

  securities $102,975,540 · other assets $208,758

• 7c · Gain or loss

  securities $2,464,100 · other assets -$78,514

• 7d · Net gain or loss

  total $2,385,586 · related or exempt $2,385,586 · 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 $6,670,192

• 7 · Other salaries and wages

  total $35,398,253

• 8 · Pension plan contributions

  total $2,520,446

• 9 · Other employee benefits

  total $7,604,386

• 10 · Payroll taxes

  total $2,944,438

• 11b · Fees: legal

  total $133,831

• 11c · Fees: accounting

  total $101,040

• 12 · Advertising and promotion

  total $7,616,913

• 13 · Office expenses

  total $6,074,370

• 14 · Information technology

  total $9,116,203

• 16 · Occupancy

  total $7,137,634

• 17 · Travel

  total $204,078

• 20 · Interest

  total $97,065,398

• 22 · Depreciation, depletion and amortization

  total $4,315,859

• 23 · Insurance

  total $401,521

• 24a · Other expenses: Loss Provision

  total $18,050,357

• 24b · Other expenses: Debit Card Expense

  total $7,400,950

• 24c · Other expenses: Checking/Loan Servicing Expense

  total $7,247,467

• 24d · Other expenses: ATM/Credit Card Expense

  total $4,718,143

• 24e · All other expenses

  total $3,555,684

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,626,724 · end of year $18,203,260

• 2 · Savings and temporary cash investments

  beginning of year $132,434,751 · end of year $349,237,640

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $3,336,177 · end of year $5,294,579

• 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 $2,921,421,665 · end of year $3,095,053,645

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $27,285,112 · end of year $32,962,981

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

  $143,672,988

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

  $55,954,009

• 10c · Land, buildings and equipment, net

  beginning of year $78,476,954 · end of year $87,718,979

• 11 · Investments: publicly traded securities

  beginning of year $864,421,114 · end of year $796,182,156

• 12 · Investments: other securities

  beginning of year $9,345,000 · end of year $6,345,000

• 13 · Investments: program-related

  beginning of year $55,885,271 · end of year $56,443,075

• 15 · Other assets

  beginning of year $59,188,565 · end of year $69,700,137

• 17 · Accounts payable and accrued expenses

  beginning of year $64,835,684 · end of year $48,464,602

• 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 $3,513,341 · end of year $4,809,591

• 23 · Secured mortgages and notes payable

  beginning of year $320,335,311 · end of year $249,567,453

• 24 · Unsecured notes and loans payable

  beginning of year $0

• 25 · Other liabilities

  beginning of year $3,537,600,659 · end of year $3,927,215,341

• 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 $236,136,338 · end of year $287,084,465

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

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• First Community Realty

  Realty Services · MO · income -$602,645 · assets $67,183

  Directly controlled by First Community Credit Union

• FCR Referral Group

  Realty Services · MO · income $521 · assets $1,725

  Directly controlled by First Community Credit Union

• First Community Insurance Agency

  Insurance Agency · MO · income -$866,604 · assets $1,913,002

  Directly controlled by First Community Credit Union