Civic Intelligence

First Central Credit Union

990 • Fiscal year 2021 • EIN 74-1137995

Jan 01, 2021 to Dec 31, 2021 • Filed on May 12, 2022

Organization ProfileWWW.FIRSTCENTRALCU.COM

View Organization Page

6201 Sanger AvenueWaco, TX 76710

(254) 776-9333

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.87x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

6th percentile

10.09x

Higher debt load relative to revenue than 6% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Net Margin

68th percentile

19%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

88th percentile

16%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

21%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$142,192,635

Up $19,406,126 (+16%) from 2020

Net Assets

Up

$18,926,838

Up $1,729,030 (+10%) from 2020

Liabilities

Up

$123,265,797

Up $17,677,096 (+17%) from 2020

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin68th percentile

Revenue

Up

$12,212,863

Up $2,148,626 (+21%) from 2020

Expenses

Up

$9,860,833

Up $2,019,149 (+26%) from 2020

Net Income

Up

$2,352,030

Up $129,477 (+5.8%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $46,492,346Liabilities 2010: $42,034,044Net Assets 2010: $4,458,3022010Assets 2011: $53,898,589Liabilities 2011: $48,364,175Net Assets 2011: $5,534,4142011Assets 2012: $58,196,285Liabilities 2012: $51,968,334Net Assets 2012: $6,227,9512012Assets 2013: $57,875,637Liabilities 2013: $50,827,790Net Assets 2013: $7,047,8472013Assets 2014: $62,932,552Liabilities 2014: $54,995,335Net Assets 2014: $7,937,2172014Assets 2015: $67,123,853Liabilities 2015: $58,370,628Net Assets 2015: $8,753,2252015Assets 2016: $75,833,546Liabilities 2016: $66,486,281Net Assets 2016: $9,347,2652016Assets 2017: $82,461,184Liabilities 2017: $71,702,077Net Assets 2017: $10,759,1072017Assets 2018: $87,893,036Liabilities 2018: $75,419,343Net Assets 2018: $12,473,6932018Assets 2019: $96,925,760Liabilities 2019: $82,202,931Net Assets 2019: $14,722,8292019Assets 2020: $122,786,509Liabilities 2020: $105,588,701Net Assets 2020: $17,197,8082020Assets 2021: $142,192,635Liabilities 2021: $123,265,797Net Assets 2021: $18,926,8382021Assets 2022: $148,590,492Liabilities 2022: $132,143,416Net Assets 2022: $16,447,0762022Assets 2023: $166,079,617Liabilities 2023: $144,926,198Net Assets 2023: $21,153,4192023Assets 2024: $168,623,164Liabilities 2024: $145,609,432Net Assets 2024: $23,013,7322024

Highlighted filing

2021

Assets$142,192,635
Liabilities$123,265,797
Net Assets$18,926,838
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $3,381,5362010Expenses 2011: $3,485,0292011Expenses 2012: $3,792,9882012Revenue 2013: $4,922,710Expenses 2013: $4,102,814Net Income 2013: $819,8962013Revenue 2014: $5,618,806Expenses 2014: $4,729,436Net Income 2014: $889,3702014Revenue 2015: $5,981,070Expenses 2015: $5,157,000Net Income 2015: $824,0702015Revenue 2016: $6,376,304Expenses 2016: $5,734,563Net Income 2016: $641,7412016Revenue 2017: $7,550,781Expenses 2017: $6,197,703Net Income 2017: $1,353,0782017Revenue 2018: $8,797,726Expenses 2018: $7,022,674Net Income 2018: $1,775,0522018Revenue 2019: $9,649,959Expenses 2019: $7,591,154Net Income 2019: $2,058,8052019Revenue 2020: $10,064,237Expenses 2020: $7,841,684Net Income 2020: $2,222,5532020Revenue 2021: $12,212,863Expenses 2021: $9,860,833Net Income 2021: $2,352,0302021Revenue 2022: $11,296,325Expenses 2022: $9,450,076Net Income 2022: $1,846,2492022Revenue 2023: $15,479,340Expenses 2023: $11,738,290Net Income 2023: $3,741,0502023Revenue 2024: $16,211,380Expenses 2024: $14,606,563Net Income 2024: $1,604,8172024

Highlighted filing

2021

Revenue$12,212,863
Expenses$9,860,833
Net Income$2,352,030
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 12, 2022
Return Version
2021v4.0
Gross Receipts
$12,212,863
Mission and Program Overview

Mission

The organization is a financial institution ,specifically a credit union. A credit union is a cooperative, member-owned, non-profit provider of financial services to its members.

See schedule o, first paragraph

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$55,446,076$64,676,808▲ $9,230,732
Investments Other Securities$34,041,516$48,015,462▲ $13,973,946
Rtn Earn Endowment Incm Other Fnds$17,197,808$18,926,838▲ $1,729,030
Savings and Temporary Cash Investments$17,813,277$10,503,296▼ $7,309,981
Cash and Non-Interest-Bearing Accounts$3,679,587$6,545,228▲ $2,865,641
Land, Buildings, and Equipment, Net$5,624,781$4,909,656▼ $715,125
Prepaid Expenses and Deferred Charges$268,541$361,674▲ $93,133
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$122,786,509$142,192,635▲ $19,406,126
Other Assets Total$5,912,731$7,180,511▲ $1,267,780
Liabilities
Other Liabilities$103,392,309$120,638,999▲ $17,246,690
Accounts Payable and Accrued Expenses$2,196,392$2,626,798▲ $430,406
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$105,588,701$123,265,797▲ $17,677,096
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,197,808$18,926,838▲ $1,729,030
Total Liabilities and Net Assets / Fund Balance$122,786,509$142,192,635▲ $19,406,126

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$576,916$3,665,379$4,242,295
Buildings$2,645,866$1,055,738$3,701,604
Land$1,679,905-$1,679,905
Leasehold Improvements$0$102,858$102,858
Other Land Buildings$6,969$30,235$37,204
Other Assets Org$59,887--
Other Securities$108,077--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jo Betsy TylerPresident/CEOFT$181,786$52,201$233,987

Board Members and Trustees

NameTitle
Randy MillerChairman
Elio SmytheVice Chairman
Vicki DeckardVice Chairman
Abraham CeballosDirector
Asia HowardDirector
Beverly WalkerDirector
Dan DentDirector
Glenn WilliamsonDirector
Joshua ReyesDirector
Leslie EverlyDirector
Cheryl GravesSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,826,265
Program Service Revenue
$9,583,674
Investment Income
$632,042
Other Revenue
$170,882
All Other Contributions
$0
Change in Net Assets
$2,352,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,583,767
Salaries, Compensation, and Employee Benefits$3,277,066
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,356,104
Office Expenses---$1,875,075
Depreciation Depletion---$1,619,687
Fees for Services Other---$629,005
Advertising---$443,083
Occupancy---$426,691
Interest---$383,751
Other Employee Benefits---$380,792
Current Officers, Directors, Trustees, and Key Employees---$233,986
Information Technology---$232,956
Payroll Taxes---$196,396
Pension Plan Contributions---$109,788
Other Expenses---$50,797
Fees for Services Accounting---$37,921
Conferences and Meetings---$36,000
All Other Expenses---$26,592
Travel---$20,486
Fees for Services Legal---$2,486
Fees for Service Investment Mgmnt Fees---$2,279
Total Functional Expenses$0$0$0$9,860,833
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$296
Section 527 Activity Spending$0
Total Exempt Function Spending$0
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$120,638,999
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“First central credit union is a credit union. A credit union is a member owned cooperative of financial services.”

Form 990, Part VI, Section A, Line 7A

“First central credit union has a nominating committee that is appointed by the board of directors to select candidates. The candidates are presented to the membership via the credit union newsletter. Should someone choose to run against a candidate, they would need to obtain a petition with 75 member signatures to cause a ballot vote, otherwise the candidates selected by the nominating committee will be selected.”

Form 990, Part VI, Section B, Line 11B

“First central credit union's board of directors will review the 2021 form 990 in the month of april 2022 before the may 16th, 2022 filing deadline.”

Form 990, Part VI, Section B, Line 12C

“Our organization consistently monitors and enforce compliance with the written conflict of interest policy, our board of directors and management team reviews this policy annually.”

Form 990, Part VI, Section B, Line 15

“The board of directors began utilizing compensation reports from an independent compensation consultant several years ago to assist the establishment of the ceo's base salary, henceforth, the board of directors and our human resources manager meet annually to discuss and determine the ceo's salary raise percentage increase.”

Form 990, Part VI, Section C, Line 19

“First central credit union makes its governing documents and conflict of interest policy available to our members upon request and our financial statements are posted monthly for public viewing in each branch's entrance areas.”

Filing and Contact Details

Filer

Filer Name
First Central Credit Union
EIN
74-1137995
Phone
2547769333
Address
6201 SANGER AVENUE, WACO, TX 76710

Signing Officer

Name
Jo Betsy Tyler
Title
President/CEO
Phone
2547769333
Signed
2022-05-12

Organization Details

Principal Officer
Jo Betsy Tyler
Formed
1937
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
72
Volunteers
11
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“First central credit union is a financial institution, specifically a credit union which is a cooperative provider of financial services to our members. First central credit union is committed to providing secure, competitive financial services, dedicated to offering the best possible benefits to our members and to making a difference in the communities we serve while continuing to build captial reserves through innovative and sound business practices. First central credit union is a state of texas chartered credit union and a member of cuna. We are also designated as a "juntos avanzamos" credit union by cornerstone credit union league; which signifies that first central has a long term vision and commitment to serving the needs of the hispanic market. In 2018, first central credit union was awarded certification as a community development financial institution (cdfi) by the us department of the treasury. As an official cdfi, first central's efforts to put the community first and value local, economic growth have been recognized.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990TFiledInd01
IRS990/FormationYr01937
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt011
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt012212863
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0232956
IRS990/InsuranceGrp/TotalAmt00
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IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0383751
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0632042
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0632042
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt034041516
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt048015462
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt04909656
IRS990/LandBldgEquipCostOrOtherBssAmt09763866
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0FIRST CENTRAL CREDIT UNION IS A FINANCIAL INSTITUTION, SPECIFICALLY A CREDIT UNION WHICH IS A COOPERATIVE PROVIDER OF FINANCIAL SERVICES TO OUR MEMBERS. FIRST CENTRAL CREDIT UNION IS COMMITTED TO PROVIDING SECURE, COMPETITIVE FINANCIAL SERVICES, DEDICATED TO OFFERING THE BEST POSSIBLE BENEFITS TO OUR MEMBERS, AND TO MAKING A DIFFERENCE IN THE COMMUNITIES WE SERVE WHILE CONTINUING TO BUILD CAPITAL RESERVES THROUGH INNOVATIVE AND SOUND BUSINESS PRACTICES. FIRST CENTRAL CREDIT UNION IS A STATE OF TEXAS CHARTERED CREDIT UNION AND A MEMBER OF CUNA. WE ARE ALSO DESIGNATED AS A "JUNTOS AVANZAMOS" BY CORNERSTONE CREDIT UNION LEAGUE WHICH SIGNIFIES THAT FIRST CENTRAL HAS A LONG TERM VISION AND COMMITMENT TO SERVING THE NEEDS OF THE HISPANIC MARKET. IN 2018 FIRST CENTRAL CREDIT UNION WAS AWARDED CERTIFICATION AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE US DEPARTMENT OF THE TREASURY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt017197808
IRS990/NetAssetsOrFundBalancesEOYAmt018926838
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-623000
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0426691
IRS990/OfficeExpensesGrp/TotalAmt01875075
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05912731
IRS990/OtherAssetsTotalGrp/EOYAmt07180511
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0380792
IRS990/OtherExpensesGrp/Desc0STATE TEXAS OPERATING FEES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING FEES
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3ASSOCIATION DUES
IRS990/OtherExpensesGrp/TotalAmt017279
IRS990/OtherExpensesGrp/TotalAmt1432734
IRS990/OtherExpensesGrp/TotalAmt2346945
IRS990/OtherExpensesGrp/TotalAmt350797
IRS990/OtherLiabilitiesGrp/BOYAmt0103392309
IRS990/OtherLiabilitiesGrp/EOYAmt0120638999
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0170882
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0170882
IRS990/OtherRevenueTotalAmt0170882
IRS990/OtherSalariesAndWagesGrp/TotalAmt02356104
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt055446076
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt064676808
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0196396
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0109788
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0268541
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0361674
IRS990/PrincipalOfficerNm0JO BETSY TYLER
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04295262
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14447262
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243792
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04295262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14447262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243792
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0CHECKING ACCOUNTS: FIRST CENTRAL CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FREE CHECKING ACCOUNTS TO THOSE WITH ENHANCED BENEFITS SUCH AS CHECKING ACCOUNTS WITH MONTHLY REWARDS. WE DO OFFER CHECKING ACCOUNTS THAT PAY DIVIDENDS MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND FREE USE OF BILL PAY. OVER 73% OF THE CREDIT UNION'S MEMBERS HAVE A CHECKING ACCOUNT. FIRST CENTRAL CREDIT UNION ALSO OFFERS MONEY MARKET ACCOUNTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0SHARE ACCOUNTS: FIRST CENTRAL CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 18,384 MEMBER OWNED ACCOUNTS AS OF DECEMBER 31, 2021. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY. FIRST CENTRAL CREDIT UNION OFFERS ACCESS THROUGH BRANCHES AT DIFFERENT LOCATIONS, HOME BANKING VIA THE INTERNET, TELEPHONE, AND ATM MACHINES WORLDWIDE. WE OFFER SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SPENDING HABITS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0714000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0473770
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04809198
IRS990/PYOtherRevenueAmt0148727
IRS990/PYProgramServiceRevenueAmt08727740
IRS990/PYRevenuesLessExpensesAmt02222553
IRS990/PYSalariesCompEmpBnftPaidAmt03032486
IRS990/PYTotalExpensesAmt07841684
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010064237
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02352030
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
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IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017197808
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018926838

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$142,192,635
Liabilities
$123,265,797
Net assets
$18,926,838
Revenue
$12,212,863
Expenses
$9,860,833
Net income
$2,352,030
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$146$23.0$16.2$14.6$1.60
2023Summary only. Only limited summary data is available for this year.$166$145$21.2$15.5$11.7$3.74
2022Summary only. Only limited summary data is available for this year.$149$132$16.4$11.3$9.45$1.85
2021Detailed filing. Detailed filing data is available for this year.$142$123$18.9$12.2$9.86$2.35
2020Summary only. Only limited summary data is available for this year.$123$106$17.2$10.1$7.84$2.22
2019Summary only. Only limited summary data is available for this year.$96.9$82.2$14.7$9.65$7.59$2.06
2018Summary only. Only limited summary data is available for this year.$87.9$75.4$12.5$8.80$7.02$1.78
2017Summary only. Only limited summary data is available for this year.$82.5$71.7$10.8$7.55$6.20$1.35
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.8$66.5$9.35$6.38$5.73$0.64
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.1$58.4$8.75$5.98$5.16$0.82
2014Detailed filing. Detailed filing data is available for this year.$62.9$55.0$7.94$5.62$4.73$0.89
2013Detailed filing. Detailed filing data is available for this year.$57.9$50.8$7.05$4.92$4.10$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.2$52.0$6.23$3.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.9$48.4$5.53$3.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.5$42.0$4.46$3.38
Peer Organizations

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