Civic Intelligence

First Class Community Credit Union

EIN 42-0214790 • 501(c)14 • West Des Moines, IA

View Organization Page

Profile

State chartered credit union

2051 Westown ParkwayWest Des Moines, IA 50265

www.gofirstclass.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.90x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

40th percentile

14.89x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

90th percentile

$271,431

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Asset Growth

29th percentile

-1.2%

Faster asset growth than 29% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

17%

Faster revenue growth than 77% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$94,426,306

Up $1,062,354 (+1.1%) from 2023

Liabilities

Down

$87,110,947

Down $130,885 (-0.2%) from 2023

Net Assets

Up

$7,315,359

Up $1,193,239 (+19%) from 2023

Operations
Liabilities / Revenue40th percentileNet Margin81st percentile

Revenue

Up

$4,799,945

Up $38,635 (+0.8%) from 2023

Expenses

Up

$4,410,729

Up $181,044 (+4.3%) from 2023

Net Income

Down

$389,216

Down $142,409 (-27%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $53,626,187Liabilities 2010: $48,161,909Net Assets 2010: $5,464,2782010Assets 2011: $57,996,502Liabilities 2011: $52,435,822Net Assets 2011: $5,560,6802011Assets 2012: $63,482,542Liabilities 2012: $57,723,350Net Assets 2012: $5,759,1922012Assets 2014: $65,889,763Liabilities 2014: $59,686,043Net Assets 2014: $6,203,7202014Assets 2015: $70,778,764Liabilities 2015: $64,504,260Net Assets 2015: $6,274,5042015Assets 2016: $74,358,191Liabilities 2016: $68,161,403Net Assets 2016: $6,196,7882016Assets 2017: $73,773,178Liabilities 2017: $67,409,339Net Assets 2017: $6,363,8392017Assets 2018: $76,769,620Liabilities 2018: $69,963,092Net Assets 2018: $6,806,5282018Assets 2019: $79,791,069Liabilities 2019: $72,666,588Net Assets 2019: $7,124,4812019Assets 2020: $93,065,481Liabilities 2020: $85,797,450Net Assets 2020: $7,268,0312020Assets 2021: $100,427,061Liabilities 2021: $93,527,079Net Assets 2021: $6,899,9822021Assets 2022: $99,378,905Liabilities 2022: $94,816,181Net Assets 2022: $4,562,7242022Assets 2023: $93,363,952Liabilities 2023: $87,241,832Net Assets 2023: $6,122,1202023Assets 2024: $94,426,306Liabilities 2024: $87,110,947Net Assets 2024: $7,315,3592024

Highlighted filing

2024

Assets$94,426,306
Liabilities$87,110,947
Net Assets$7,315,359
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $4,400,1602010Expenses 2011: $3,428,4782011Expenses 2012: $3,338,0562012Revenue 2014: $3,674,766Expenses 2014: $3,412,246Net Income 2014: $262,5202014Revenue 2015: $3,808,349Expenses 2015: $3,742,589Net Income 2015: $65,7602015Revenue 2016: $3,594,038Expenses 2016: $3,488,983Net Income 2016: $105,0552016Revenue 2017: $3,732,106Expenses 2017: $3,565,838Net Income 2017: $166,2682017Revenue 2018: $4,082,166Expenses 2018: $3,773,201Net Income 2018: $308,9652018Revenue 2019: $4,462,839Expenses 2019: $4,228,044Net Income 2019: $234,7952019Revenue 2020: $4,247,644Expenses 2020: $4,134,034Net Income 2020: $113,6102020Revenue 2021: $4,085,344Expenses 2021: $3,976,393Net Income 2021: $108,9512021Revenue 2022: $4,390,414Expenses 2022: $4,029,698Net Income 2022: $360,7162022Revenue 2023: $4,761,310Expenses 2023: $4,229,685Net Income 2023: $531,6252023Revenue 2024: $4,799,945Expenses 2024: $4,410,729Net Income 2024: $389,2162024

Highlighted filing

2024

Revenue$4,799,945
Expenses$4,410,729
Net Income$389,216
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$94,426,306
Liabilities
$87,110,947
Net assets
$7,315,359
Revenue
$4,799,945
Expenses
$4,410,729
Net income
$389,216
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$94.4$87.1$7.32$4.80$4.41$0.39
2023Detailed filing. Detailed filing data is available for this year.$93.4$87.2$6.12$4.76$4.23$0.53
2022Detailed filing. Detailed filing data is available for this year.$99.4$94.8$4.56$4.39$4.03$0.36
2021Detailed filing. Detailed filing data is available for this year.$100$93.5$6.90$4.09$3.98$0.11
2020Detailed filing. Detailed filing data is available for this year.$93.1$85.8$7.27$4.25$4.13$0.11
2019Detailed filing. Detailed filing data is available for this year.$79.8$72.7$7.12$4.46$4.23$0.23
2018Detailed filing. Detailed filing data is available for this year.$76.8$70.0$6.81$4.08$3.77$0.31
2017Detailed filing. Detailed filing data is available for this year.$73.8$67.4$6.36$3.73$3.57$0.17
2016Detailed filing. Detailed filing data is available for this year.$74.4$68.2$6.20$3.59$3.49$0.11
2015Detailed filing. Detailed filing data is available for this year.$70.8$64.5$6.27$3.81$3.74$0.07
2014Detailed filing. Detailed filing data is available for this year.$65.9$59.7$6.20$3.67$3.41$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.5$57.7$5.76$3.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.0$52.4$5.56$3.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.6$48.2$5.46$4.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.0
Gross Receipts
$4,799,945
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$42,480,788$41,830,844▼ $649,944
Investments in Publicly Traded Securities$27,092,268$30,189,441▲ $3,097,173
Savings and Temporary Cash Investments$16,886,735$15,284,044▼ $1,602,691
Pd in Cap Srpls Land Bldg Eqp Fund$5,757,639$5,858,703▲ $101,064
Land, Buildings, and Equipment, Net$2,207,641$2,190,792▼ $16,849
Rtn Earn Endowment Incm Other Fnds$364,481$1,456,656▲ $1,092,175
Cash and Non-Interest-Bearing Accounts$1,092,135$1,438,627▲ $346,492
Prepaid Expenses and Deferred Charges$313,836$239,773▼ $74,063
Accounts Receivable$173,630$161,053▼ $12,577
Total Assets$93,363,952$94,426,306▲ $1,062,354
Other Assets Total$3,116,919$3,091,732▼ $25,187
Liabilities
Other Liabilities$86,163,858$86,856,761▲ $692,903
Accounts Payable and Accrued Expenses$1,077,974$254,186▼ $823,788
Total Liabilities$87,241,832$87,110,947▼ $130,885
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,122,120$7,315,359▲ $1,193,239
Total Liabilities and Net Assets / Fund Balance$93,363,952$94,426,306▲ $1,062,354

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,430,259$1,614,676$3,044,935
Equipment$298,901$294,695$593,596
Land$461,632-$461,632
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Zac PollockCEOFT$135,080$65,553$200,633
Lauri VaudtCFOFT$123,326$22,180$145,506
Jordyn HenryCOOFT$114,462$12,012$126,474

Board Members and Trustees

NameTitle
Brad JacobsonBoard Member
Carol CowlingBoard Member
Craig DosterBoard Member
Gary OlsonBoard Member
James GearhartBoard Member
Lance ColesBoard Member
Larry MooreBoard Member
Marc SwansonBoard Member
Randy PelhamBoard Member
Ruth DowneyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,073,095
Investment Income
$726,850
Other Revenue
$0
Change in Net Assets
$389,216

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,799,945
Total Revenue per Audited Statements
$4,799,945
Total Revenue per Form 990
$4,799,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,908,832
Salaries, Compensation, and Employee Benefits$1,501,897
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,199,759
All Other Expenses---$627,425
Office Expenses---$347,676
Other Expenses---$278,041
Occupancy---$181,311
Depreciation Depletion---$164,413
Other Employee Benefits---$136,979
Payroll Taxes---$102,874
Pension Plan Contributions---$62,285
Advertising---$59,464
Insurance---$37,115
Conferences and Meetings---$32,392
Fees for Services Accounting---$28,478
Fees for Services Legal---$22,019
Interest---$1,275
Total Functional Expenses$0$0$0$4,410,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,410,729
Total Expenses per Audited Statements$4,410,729
Total Expenses per Form 990$4,410,729
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$86,856,761
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“All depositors are considered members.”

Form 990, Page 6, Part VI, Line 7A

“The credit union members elect on an annual basis the members of the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“Any proposed mergers must be approved by a majority of the membership.”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“The security matrix on the data processing system prohibits employees and directors from initiating transactions on all accounts listed on their conflict of interest disclosure statement, which is updated annually.”

Form 990, Page 6, Part VI, Line 15A

“The process for determining compensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions, review and approval by the board of directors and is documented in the board minutes. The last review was conducted in december 2024.”

Form 990, Page 6, Part VI, Line 19

“The monthly financial statements are posted in the lobby and are updated on a monthly basis. The governing documents and conflict of interest policy are made available upon request.”

Filing and Contact Details

Filer

Filer Name
First Class Community Credit Union
EIN
42-0214790
Phone
5152244300
Address
2051 WESTOWN PARKWAY, WEST DES MOINES, IA 50265

Signing Officer

Name
Zac Pollock
Title
CEO
Phone
5152244300
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zac Pollock
Formed
1925
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
27
Volunteers
9

Preparer

Firm
Petersen & Associates
Address
506 E GOLD COAST RD STE 100, PAPILLION, NE 68046-4790
Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“N/A”

Form 990, Part IX, Line 24E

“Data processing 271,402 0 0 provision for loan loss 205,168 0 0 miscellaneous 96,663 0 0 association dues 30,192 0 0 state exam fees 24,000 0 0 total 627,425 0 0”

Form 990, Part XI, Line 9

“Net change in investment valuation reserve 804,023 cecl adjustment 0 total 804,023”

Raw XML Appendix398 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01077974
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0254186
IRS990/AccountsReceivableGrp/BOYAmt0173630
IRS990/AccountsReceivableGrp/EOYAmt0161053
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0STATE CHARTERED CREDIT UNION
IRS990/AdvertisingGrp/TotalAmt059464
IRS990/AllOtherExpensesGrp/TotalAmt0627425
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0ZAC POLLOCK
IRS990/BooksInCareOfDetail/PhoneNum05152244300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02051 WESTOWN PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0DES MOINES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050265
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01092135
IRS990/CashNonInterestBearingGrp/EOYAmt01438627
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt032392
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0726850
IRS990/CYOtherExpensesAmt02908832
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt04073095
IRS990/CYRevenuesLessExpensesAmt0389216
IRS990/CYSalariesCompEmpBnftPaidAmt01501897
IRS990/CYTotalExpensesAmt04410729
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04799945
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0164413
IRS990/Desc0N/A
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt027
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt028478
IRS990/FeesForServicesLegalGrp/TotalAmt022019
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt046433
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt122180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt212012
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0ZAC POLLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm1LAURI VAUDT
IRS990/Form990PartVIISectionAGrp/PersonNm2JORDYN HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm3LANCE COLES
IRS990/Form990PartVIISectionAGrp/PersonNm4CAROL COWLING
IRS990/Form990PartVIISectionAGrp/PersonNm5CRAIG DOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm6RUTH DOWNEY
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES GEARHART
IRS990/Form990PartVIISectionAGrp/PersonNm8BRAD JACOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm10GARY OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm11RANDY PELHAM
IRS990/Form990PartVIISectionAGrp/PersonNm12MARC SWANSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0154200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1123326
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2114462
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2COO
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01925
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04799945
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt037115
IRS990/InterestGrp/TotalAmt01275
IRS990/InvestmentIncomeGrp/ExclusionAmt0726850
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0726850
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt027092268
IRS990/InvestmentsPubTradedSecGrp/EOYAmt030189441
IRS990/IRPDocumentCnt01191
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01909371
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02207641
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02190792
IRS990/LandBldgEquipCostOrOtherBssAmt04100163
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STATE CHARTERED CREDIT UNION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06122120
IRS990/NetAssetsOrFundBalancesEOYAmt07315359
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0181311
IRS990/OfficeExpensesGrp/TotalAmt0347676
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03116919
IRS990/OtherAssetsTotalGrp/EOYAmt03091732
IRS990/OtherChangesInNetAssetsAmt0804023
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0136979
IRS990/OtherExpensesGrp/Desc0DEBIT CARD PROGRAM
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER PROFESSIONAL SERVIC
IRS990/OtherExpensesGrp/TotalAmt0470523
IRS990/OtherExpensesGrp/TotalAmt1364010
IRS990/OtherExpensesGrp/TotalAmt2294690
IRS990/OtherExpensesGrp/TotalAmt3278041
IRS990/OtherLiabilitiesGrp/BOYAmt086163858
IRS990/OtherLiabilitiesGrp/EOYAmt086856761
IRS990/OtherSalariesAndWagesGrp/TotalAmt01199759
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt042480788
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt041830844
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0102874
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt05757639
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt05858703
IRS990/PensionPlanContributionsGrp/TotalAmt062285
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0313836
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0239773
IRS990/PrincipalOfficerNm0ZAC POLLOCK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt02502505
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1880369
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2690221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02502505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1880369
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2690221
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0780012
IRS990/PYOtherExpensesAmt02885536
IRS990/PYProgramServiceRevenueAmt03981298
IRS990/PYRevenuesLessExpensesAmt0531625
IRS990/PYSalariesCompEmpBnftPaidAmt01344149
IRS990/PYTotalExpensesAmt04229685
IRS990/PYTotalRevenueAmt04761310
IRS990/ReconcilationRevenueExpnssAmt0389216
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0364481
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01456656
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016886735
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015284044
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01430259
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01614676
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03044935
IRS990ScheduleD/EquipmentGrp/BookValueAmt0298901
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0294695
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0593596
IRS990ScheduleD/ExpensesSubtotalAmt04410729
IRS990ScheduleD/LandGrp/BookValueAmt0461632
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0461632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt086856761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt04799945
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02190792
IRS990ScheduleD/TotalExpensesPerForm990Amt04410729
IRS990ScheduleD/TotalLiabilityAmt086856761
IRS990ScheduleD/TotalRevenuePerForm990Amt04799945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04799945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04410729
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0135080
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount014800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt028956
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017477
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt04320
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ZAC POLLOCK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0200633
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS, REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES. THE LAST REVIEW WAS CONDUCTED IN DECEMBER 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DATA PROCESSING 271,402 0 0 PROVISION FOR LOAN LOSS 205,168 0 0 MISCELLANEOUS 96,663 0 0 ASSOCIATION DUES 30,192 0 0 STATE EXAM FEES 24,000 0 0 TOTAL 627,425 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET CHANGE IN INVESTMENT VALUATION RESERVE 804,023 CECL ADJUSTMENT 0 TOTAL 804,023
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt093363952
IRS990/TotalAssetsEOYAmt094426306
IRS990/TotalAssetsGrp/BOYAmt093363952
IRS990/TotalAssetsGrp/EOYAmt094426306
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04410729
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087241832
IRS990/TotalLiabilitiesEOYAmt087110947
IRS990/TotalLiabilitiesGrp/BOYAmt087241832
IRS990/TotalLiabilitiesGrp/EOYAmt087110947
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06122120
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07315359
IRS990/TotalOtherCompensationAmt080625
IRS990/TotalProgramServiceRevenueAmt04073095
IRS990/TotalReportableCompFromOrgAmt0391988
IRS990/TotalRevenueGrp/ExclusionAmt04799945
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04799945
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt093363952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt094426306
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02051 WESTOWN PARKWAY
IRS990/USAddress/CityNm0DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050265
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.GOFIRSTCLASS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ZAC POLLOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05152244300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST CLASS COMMUNITY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0420214790
ReturnHeader/Filer/PhoneNum05152244300
ReturnHeader/Filer/USAddress/AddressLine1Txt02051 WESTOWN PARKWAY
ReturnHeader/Filer/USAddress/CityNm0WEST DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050265
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470749138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 E GOLD COAST RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680464790
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02025-04-25T12:07:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.