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Nonprofiteer
← FINANCIAL CENTER FIRST CREDIT UNION

Form 990 for tax year 2024

Filed by FINANCIAL CENTER FIRST CREDIT UNION.

Totals

Total revenue
$49,360,256
Total expenses
$47,834,000
Contributions and grants received
$0
Grants paid
$50,358
Program service revenue
$54,489,922
Investment income
-$5,129,666
Other revenue
$0
Total assets, end of year
$883,621,000
Total liabilities, end of year
$792,534,705
Net assets or fund balances, end of year
$91,086,295
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: FEES AND OTHER CHARGES

    total $3,800,432 · related or exempt $3,757,979 · unrelated business $42,453

  • 2b · Program service revenue: INTERCHANGE INCOME

    total $3,379,625 · related or exempt $3,379,625

  • 2c · Program service revenue: INSURANCE COMMISSIONS

    total $170,672 · related or exempt $170,672

  • 2d · Program service revenue: INTEREST INCOME

    total $46,269,010 · related or exempt $46,269,010

  • 2e · Program service revenue: INVESTMENT SERVICE FEES

    total $485,292 · related or exempt $461,027 · unrelated business $24,265

  • 2f · All other program service revenue

    total $384,891 · related or exempt $265,680 · unrelated business $119,211 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $0

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

    other assets $5,129,666

  • 7c · Gain or loss

    securities $0 · other assets -$5,129,666

  • 7d · Net gain or loss

    total -$5,129,666 · related or exempt -$5,129,666

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,358

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $4,793,175

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $10,152,464

  • 8 · Pension plan contributions

    total $590,601

  • 9 · Other employee benefits

    total $1,963,127

  • 10 · Payroll taxes

    total $1,095,193

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $787,342

  • 11c · Fees: accounting

    total $78,965

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $838,362

  • 13 · Office expenses

    total $3,507,961

  • 14 · Information technology

    total $3,377,178

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,473,911

  • 17 · Travel

    total $609,283

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $15,320,662

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,202,443

  • 23 · Insurance

    total $0

  • 24a · Other expenses: COLLECTION AND LOAN EXPENSES

    total $987,089

  • 24b · Other expenses: CREDIT CARD PROCESSING

    total $494,390

  • 24c · Other expenses: OTHER

    total $150,279

  • 24d · Other expenses: BAD DEBT EXPENSE

    total -$638,783

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,686,064 · end of year $17,390,296

  • 2 · Savings and temporary cash investments

    beginning of year $54,590,550 · end of year $220,286,232

  • 4 · Accounts receivable

    beginning of year $3,070,343 · end of year $2,751,537

  • 5 · Loans and receivables from officers and key people

    beginning of year $6,511,572 · end of year $9,632,071

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $666,101,461 · end of year $484,781,635

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,043,836 · end of year $4,636,160

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

    $32,893,030

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

    $22,195,210

  • 10c · Land, buildings and equipment, net

    beginning of year $10,025,079 · end of year $10,697,820

  • 12 · Investments: other securities

    beginning of year $71,923,848 · end of year $118,162,772

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $664,687 · end of year $606,884

  • 15 · Other assets

    beginning of year $13,269,560 · end of year $14,675,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,258,557 · end of year $6,720,384

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $746,225,404 · end of year $785,814,321

  • 31 · Retained earnings, endowment or other funds

    beginning of year $88,403,039 · end of year $91,086,295

Mission and programs · 2024

Mission

We will be our members' first choice for financial services.

Activities or mission (Part I)

FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO BE OUR MEMBERS FIRST CHOICE FOR FINANCIAL SERVICES.

  • FINANCIAL CENTER FIRST CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS 62,768 MEMBERS.

As filed on the 2024 return.

Listed in Part VII

  • BRYAN FLUKE

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • CLAUDIA FLUENTES

    SECOND VICE CHAIR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JAMES BENOIT

    TREASURER

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JASON PICKETT

    SECRETARY

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JEANINE LUGO

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JEFFERY GEORGE

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JR KENEIPP

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • LARRY MARCUM

    FIRST VICE CHAIR

    Total calculated
    $21,000
    From this org
    $21,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • THOMAS SPAHR

    CHAIRMAN

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • WILLIAM STEVENS

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • AARON ALSUP

    VP OF ERM

    Total calculated
    $177,139
    From this org
    $148,808
    From related orgs
    $0
    Other
    $28,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,858
    Bonus
    $4,950
    Other
    $0
    Deferred
    $7,979
    Nontaxable benefits
    $20,352
    Filer's total
    $177,139

  • BILLY WELLS

    SVP MEMBER OPERATIONS

    Total calculated
    $218,695
    From this org
    $211,900
    From related orgs
    $0
    Other
    $6,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,811
    Bonus
    $9,089
    Other
    $0
    Deferred
    $6,795
    Nontaxable benefits
    $0
    Filer's total
    $218,695

  • BRANDON TODD ANDERSON

    VP of LENDING

    Total calculated
    $147,998
    From this org
    $123,875
    From related orgs
    $0
    Other
    $24,123
    Hours/week
    40

  • CAMERON MINGES

    CEO/PRESIDENT

    Total calculated
    $418,805
    From this org
    $382,928
    From related orgs
    $0
    Other
    $35,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,928
    Bonus
    $0
    Other
    $0
    Deferred
    $15,525
    Nontaxable benefits
    $20,352
    Filer's total
    $418,805

  • CARL BRITTON

    SVP LENDING AND RISK MANAGEMENT

    Total calculated
    $232,686
    From this org
    $197,294
    From related orgs
    $0
    Other
    $35,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,719
    Bonus
    $9,575
    Other
    $0
    Deferred
    $9,688
    Nontaxable benefits
    $25,704
    Filer's total
    $232,686

  • CAROL EPPERSON

    VP OF MARKETING

    Total calculated
    $150,448
    From this org
    $132,941
    From related orgs
    $0
    Other
    $17,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,941
    Bonus
    $0
    Other
    $0
    Deferred
    $7,223
    Nontaxable benefits
    $10,284
    Filer's total
    $150,448

  • CHRIS LAMBERT

    VP OF FACILITIES

    Total calculated
    $140,893
    From this org
    $134,837
    From related orgs
    $0
    Other
    $6,056
    Hours/week
    40

  • Christine Stefani END 022024

    SVP Human Resources

    Total calculated
    $101,170
    From this org
    $98,693
    From related orgs
    $0
    Other
    $2,477
    Hours/week
    40

  • CHRISTOPHER SIBILA

    SVP INFORMATION TECHNOLOGY

    Total calculated
    $245,039
    From this org
    $213,802
    From related orgs
    $0
    Other
    $31,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,677
    Bonus
    $9,125
    Other
    $0
    Deferred
    $5,533
    Nontaxable benefits
    $25,704
    Filer's total
    $245,039

  • DANIELLE VORIS START 012024

    VP CONTROLLER

    Total calculated
    $110,988
    From this org
    $107,286
    From related orgs
    $0
    Other
    $3,702
    Hours/week
    40

  • DUSTY SIMMONS

    EVP STRATEGIC OPERATIONS

    Total calculated
    $251,460
    From this org
    $224,117
    From related orgs
    $0
    Other
    $27,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,492
    Bonus
    $11,625
    Other
    $0
    Deferred
    $9,751
    Nontaxable benefits
    $17,592
    Filer's total
    $251,460

  • FRANCES TOOLEY

    SVP EMPLOYEE OPERATIONS

    Total calculated
    $187,999
    From this org
    $159,440
    From related orgs
    $0
    Other
    $28,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,999
    Bonus
    $8,441
    Other
    $0
    Deferred
    $7,559
    Nontaxable benefits
    $21,000
    Filer's total
    $187,999

  • JAMES DAVIDSON

    VP OF FINANCIAL WELLNESS

    Total calculated
    $165,597
    From this org
    $132,870
    From related orgs
    $0
    Other
    $32,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,870
    Bonus
    $0
    Other
    $0
    Deferred
    $6,603
    Nontaxable benefits
    $26,124
    Filer's total
    $165,597

  • JAMES NORTON

    VP OF STRATEGIC DEVELOPMENT

    Total calculated
    $169,955
    From this org
    $151,901
    From related orgs
    $0
    Other
    $18,054
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,939
    Bonus
    $6,962
    Other
    $0
    Deferred
    $7,938
    Nontaxable benefits
    $10,116
    Filer's total
    $169,955

  • JENNIFER RUE

    EVP CREDIT UNION OPERATIONS

    Total calculated
    $265,768
    From this org
    $244,574
    From related orgs
    $0
    Other
    $21,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,918
    Bonus
    $12,656
    Other
    $0
    Deferred
    $10,922
    Nontaxable benefits
    $10,272
    Filer's total
    $265,768

  • JOAN KERULIS

    SVP INT AUDIT

    Total calculated
    $133,793
    From this org
    $126,872
    From related orgs
    $0
    Other
    $6,921
    Hours/week
    40

  • JOE PERRIN

    VP OF COMMERCIAL LENDING

    Total calculated
    $152,066
    From this org
    $135,629
    From related orgs
    $0
    Other
    $16,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,629
    Bonus
    $0
    Other
    $0
    Deferred
    $6,321
    Nontaxable benefits
    $10,116
    Filer's total
    $152,066

  • KIMBERLY FLOWERS START 022024

    VP MEMBER SOLUTIONS

    Total calculated
    $138,717
    From this org
    $122,157
    From related orgs
    $0
    Other
    $16,560
    Hours/week
    40

  • KYLE ENDRES

    VP OF COMMUNICATION

    Total calculated
    $142,818
    From this org
    $125,853
    From related orgs
    $0
    Other
    $16,965
    Hours/week
    40

  • OLIVIA GARMAN

    VP OF PAYMENTS & INTERNAL OPS

    Total calculated
    $155,120
    From this org
    $129,934
    From related orgs
    $0
    Other
    $25,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,934
    Bonus
    $0
    Other
    $0
    Deferred
    $7,378
    Nontaxable benefits
    $17,808
    Filer's total
    $155,120

  • RYAN COOK

    EVP FINANCE

    Total calculated
    $253,800
    From this org
    $216,770
    From related orgs
    $0
    Other
    $37,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,870
    Bonus
    $11,900
    Other
    $0
    Deferred
    $11,326
    Nontaxable benefits
    $25,704
    Filer's total
    $253,800

  • SHERRY SIGLER

    VP OF RETAIL OPERATIONS

    Total calculated
    $164,293
    From this org
    $131,287
    From related orgs
    $0
    Other
    $33,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,287
    Bonus
    $0
    Other
    $0
    Deferred
    $7,302
    Nontaxable benefits
    $25,704
    Filer's total
    $164,293

  • ADRIAN PHILLIPS

    AVP BUSINESS INTELLIGENCE

    Total calculated
    $168,170
    From this org
    $136,888
    From related orgs
    $0
    Other
    $31,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,888
    Bonus
    $0
    Other
    $0
    Deferred
    $5,818
    Nontaxable benefits
    $25,464
    Filer's total
    $168,170

  • APRIL WOOD

    FINANCIAL ADVISOR

    Total calculated
    $132,404
    From this org
    $115,937
    From related orgs
    $0
    Other
    $16,467
    Hours/week
    40

  • DIANNA MILLER

    SENIOR ACCOUNTANT

    Total calculated
    $158,590
    From this org
    $125,753
    From related orgs
    $0
    Other
    $32,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,753
    Bonus
    $0
    Other
    $0
    Deferred
    $7,133
    Nontaxable benefits
    $25,704
    Filer's total
    $158,590

  • JON STONEBRAKER

    BUSINESS INTELLIGENCE MANAGER

    Total calculated
    $152,817
    From this org
    $135,262
    From related orgs
    $0
    Other
    $17,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,262
    Bonus
    $0
    Other
    $0
    Deferred
    $7,283
    Nontaxable benefits
    $10,272
    Filer's total
    $152,817

  • STEVEN SHERIDAN

    AVP IT OPERATIONS

    Total calculated
    $147,421
    From this org
    $131,218
    From related orgs
    $0
    Other
    $16,203
    Hours/week
    40

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
BOARD MEMBERS AND PRESIDENT/CEO SPOUSES/SIGNIFICANT OTHERS ARE ALLOWED TO TRAVEL WITH BOARD. SPOUSAL AIRFARE/REGISTRATION WAS REPORTED ON FORM 1099-MISC IF MINIMUM REPORTING THRESHOLD MET.
Schedule J, Part I, Line 4a Severance or change-of-control payment
A SEVERANCE PAYMENT WAS MADE TO CERTAIN PERSONS INCLUDED IN PART VII, SECTION A, LINE 1A . THE FOLLOWING RECEIVED A SEVERANCE PAYMENT FOR THE DISCLOSED AMOUNT: CHRISTINE STEFANI $77,068
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CAMERON MINGES (CEO/PRESIDENT) IS 0% VESTED IN THEIR SPLIT-DOLLAR PLANS. NO PARTIAL OR FULL VESTING FOR MINGES WILL OCCUR UNTIL 2025.

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

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.

Disregarded entities

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202543189349313394

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