Civic Intelligence

First Central Credit Union

990 • Fiscal year 2022 • EIN 74-1137995

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

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

32nd percentile

0.89x

Higher debt load relative to assets than 32% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

7th percentile

11.70x

Higher debt load relative to revenue than 7% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Net Margin

56th percentile

16%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

79th percentile

$279,076

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2022

Asset Growth

70th percentile

4.5%

Faster asset growth than 70% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-7.5%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Flat

$148,590,492

Flat from 2022

Net Assets

Flat

$16,447,076

Flat from 2022

Liabilities

Flat

$132,143,416

Flat from 2022

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin56th percentile

Revenue

Flat

$11,296,325

Flat from 2022

Expenses

Flat

$9,450,076

Flat from 2022

Net Income

Flat

$1,846,249

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth70th 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 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

2022

Assets$148,590,492
Liabilities$132,143,416
Net Assets$16,447,076
Open 2022 Filing

Operations Trend

Revenue Growth3rd 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 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

2022

Revenue$11,296,325
Expenses$9,450,076
Net Income$1,846,249
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$11,296,325
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$64,676,808$75,793,610▲ $11,116,802
Investments Other Securities$48,015,462$44,238,582▼ $3,776,880
Rtn Earn Endowment Incm Other Fnds$18,926,838$16,447,076▼ $2,479,762
Cash and Non-Interest-Bearing Accounts$6,545,228$8,049,529▲ $1,504,301
Savings and Temporary Cash Investments$10,503,296$7,396,264▼ $3,107,032
Land, Buildings, and Equipment, Net$4,909,656$4,871,776▼ $37,880
Prepaid Expenses and Deferred Charges$361,674$298,412▼ $63,262
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$142,192,635$148,590,492▲ $6,397,857
Other Assets Total$7,180,511$7,942,319▲ $761,808
Liabilities
Other Liabilities$120,638,999$128,733,830▲ $8,094,831
Accounts Payable and Accrued Expenses$2,626,798$3,409,586▲ $782,788
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$123,265,797$132,143,416▲ $8,877,619
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,926,838$16,447,076▼ $2,479,762
Total Liabilities and Net Assets / Fund Balance$142,192,635$148,590,492▲ $6,397,857

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$609,865$3,931,789$4,541,654
Buildings$2,576,627$1,161,751$3,738,378
Land$1,679,906-$1,679,906
Leasehold Improvements$0$102,858$102,858
Other Land Buildings$5,378$31,827$37,205
Other Assets Org$48,430--
Other Securities$108,077--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jo Betsy TylerPresident/CEOFT$224,883$54,193$279,076
Rachael BosseSenior Lending ManagerFT$113,497$15,566$129,063
Orlando Rodriguez JrSenior Accounting and It ManagerFT$108,156$14,571$122,727

Board Members and Trustees

NameTitle
Vicki DeckardChairman
Glenn WilliamsonVice Chairman
Asia HowardDirector
Beverly WalkerDirector
Dan DentDirector
Elio SmytheDirector
Everett AlexanderDirector
Joshua ReyesDirector
Lori AlambarDirector
Cheryl GravesSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$125,000
Program Service Revenue
$10,204,543
Investment Income
$815,335
Other Revenue
$151,447
All Other Contributions
$0
Change in Net Assets
$1,846,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,724,493
Salaries, Compensation, and Employee Benefits$3,725,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,468,909
Office Expenses---$1,973,252
Fees for Services Other---$731,198
Current Officers, Directors, Trustees, and Key Employees---$530,867
Occupancy---$452,664
Advertising---$447,810
Interest---$406,434
Other Employee Benefits---$386,189
Depreciation Depletion---$369,714
Information Technology---$258,143
Payroll Taxes---$234,615
Pension Plan Contributions---$105,003
Conferences and Meetings---$70,000
Other Expenses---$69,165
Fees for Services Accounting---$57,953
Travel---$27,121
All Other Expenses---$20,662
Fees for Services Legal---$7,320
Fees for Service Investment Mgmnt Fees---$1,788
Total Functional Expenses$0$0$0$9,450,076
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$308
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$128,733,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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 state of texas chartered 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 2022 form 990 during a scheduled monthly board meeting before the 2022 form 990 is filed.”

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

“Our organization consistently monitors and enforces 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 in 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 for the year.”

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
2023-05-15

Organization Details

Principal Officer
Jo Betsy Tyler
Formed
1937
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
79
Volunteers
10
Raw XML AppendixShowing 400 of 742 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SENIOR LENDING MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SENIOR ACCOUNTING AND IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01937
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0125000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt011296325
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0258143
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0406434
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0815335
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0815335
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt048015462
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt044238582
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt03364
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05228225
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04909656
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04871776
IRS990/LandBldgEquipCostOrOtherBssAmt010100001
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
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 "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/NetAssetsOrFundBalancesBOYAmt018926838
IRS990/NetAssetsOrFundBalancesEOYAmt016447076
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/NetUnrlzdGainsLossesInvstAmt0-4326011
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0452664
IRS990/OfficeExpensesGrp/TotalAmt01973252
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07180511
IRS990/OtherAssetsTotalGrp/EOYAmt07942319
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0386189
IRS990/OtherExpensesGrp/Desc0STATE OF TEXAS OPERATING FEES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICE FEES
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3ASSOCIATION DUES
IRS990/OtherExpensesGrp/TotalAmt018940
IRS990/OtherExpensesGrp/TotalAmt1518253
IRS990/OtherExpensesGrp/TotalAmt2294076
IRS990/OtherExpensesGrp/TotalAmt369165
IRS990/OtherLiabilitiesGrp/BOYAmt0120638999
IRS990/OtherLiabilitiesGrp/EOYAmt0128733830
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0151447
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0151447
IRS990/OtherRevenueTotalAmt0151447
IRS990/OtherSalariesAndWagesGrp/TotalAmt02468909
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt064676808
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt075793610
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0234615
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0105003
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0361674
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0298412
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/RelatedOrExemptFuncIncomeAmt04763758
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14874203
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04763758
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14874203
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250854
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 70% 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 19,214 MEMBER OWNED ACCOUNTS AS OF DECEMBER 31, 2022. 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/PYContributionsGrantsAmt01826265
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0632042
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06583767
IRS990/PYOtherRevenueAmt0170882
IRS990/PYProgramServiceRevenueAmt09583674
IRS990/PYRevenuesLessExpensesAmt02352030
IRS990/PYSalariesCompEmpBnftPaidAmt03277066
IRS990/PYTotalExpensesAmt09860833
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012212863
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01846249
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$148,590,492
Liabilities
$132,143,416
Net assets
$16,447,076
Revenue
$11,296,325
Expenses
$9,450,076
Net income
$1,846,249
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
2022Detailed filing. Detailed filing data is available for this year.$149$132$16.4$11.3$9.45$1.85
2022Summary only. Only limited summary data is available for this year.$149$132$16.4$11.3$9.45$1.85
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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