Civic Intelligence

First Community Credit Union

EIN 74-1212168 • 501(c)14 • Houston, TX

Profile

Cooperative provider of credit union financial services to those who live or work in Harris, Montgomery, and Ft Bend Counties. As a member of the National Credit Union Insurance Fund, the credit union is regulated by the State of Texas Credit Union Dept as well as the National Credit Union Administration.

PO Box 840129Houston, TX 77284-0129

fccu.org

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

14.18x

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

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

35th percentile

6.7%

Higher net margin than 35% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

37th percentile

$888,090

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)14 • $1B+ nonprofits • Source year 2024

Asset Growth

42nd percentile

1.9%

Faster asset growth than 42% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

17%

Faster revenue growth than 50% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,554,931,538

Up $46,946,757 (+1.9%) from 2023

Liabilities

Up

$2,373,498,721

Up $30,792,210 (+1.3%) from 2023

Net Assets

Up

$181,432,817

Up $16,154,547 (+9.8%) from 2023

Revenue

Up

$167,373,815

Up $23,860,432 (+17%) from 2023

Expenses

Up

$156,139,923

Up $24,455,557 (+19%) from 2023

Net Income

Down

$11,233,892

Down $595,125 (-5.0%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2010: $751,712,725Liabilities 2010: $694,104,523Net Assets 2010: $57,608,2022010Assets 2011: $824,656,514Liabilities 2011: $759,752,130Net Assets 2011: $64,904,3842011Assets 2012: $914,354,671Liabilities 2012: $840,448,413Net Assets 2012: $73,906,2582012Assets 2013: $985,802,295Liabilities 2013: $907,161,658Net Assets 2013: $78,640,6372013Assets 2014: $1,071,469,235Liabilities 2014: $983,825,130Net Assets 2014: $87,644,1052014Assets 2015: $1,151,381,824Liabilities 2015: $1,056,875,635Net Assets 2015: $94,506,1892015Assets 2016: $1,248,760,929Liabilities 2016: $1,144,112,152Net Assets 2016: $104,648,7772016Assets 2017: $1,355,230,223Liabilities 2017: $1,237,236,598Net Assets 2017: $117,993,6252017Assets 2018: $1,423,471,394Liabilities 2018: $1,290,002,614Net Assets 2018: $133,468,7802018Assets 2019: $1,541,379,016Liabilities 2019: $1,392,071,474Net Assets 2019: $149,307,5422019Assets 2020: $1,792,099,234Liabilities 2020: $1,626,403,305Net Assets 2020: $165,695,9292020Assets 2021: $1,964,514,771Liabilities 2021: $1,790,559,849Net Assets 2021: $173,954,9222021Assets 2022: $2,224,499,367Liabilities 2022: $2,072,563,944Net Assets 2022: $151,935,4232022Assets 2023: $2,507,984,781Liabilities 2023: $2,342,706,511Net Assets 2023: $165,278,2702023Assets 2024: $2,554,931,538Liabilities 2024: $2,373,498,721Net Assets 2024: $181,432,8172024

Highlighted filing

2024

Assets$2,554,931,538
Liabilities$2,373,498,721
Net Assets$181,432,817

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $42,029,5672010Expenses 2011: $38,124,0072011Expenses 2012: $40,146,3512012Revenue 2013: $49,920,273Expenses 2013: $42,653,495Net Income 2013: $7,266,7782013Revenue 2014: $53,265,307Expenses 2014: $45,489,620Net Income 2014: $7,775,6872014Revenue 2015: $57,377,254Expenses 2015: $50,280,519Net Income 2015: $7,096,7352015Revenue 2016: $61,775,488Expenses 2016: $51,259,703Net Income 2016: $10,515,7852016Revenue 2017: $67,006,805Expenses 2017: $53,657,109Net Income 2017: $13,349,6962017Revenue 2018: $76,871,635Expenses 2018: $60,000,481Net Income 2018: $16,871,1542018Revenue 2019: $81,762,460Expenses 2019: $69,164,469Net Income 2019: $12,597,9912019Revenue 2020: $78,841,838Expenses 2020: $67,695,355Net Income 2020: $11,146,4832020Revenue 2021: $83,936,302Expenses 2021: $66,038,224Net Income 2021: $17,898,0782021Revenue 2022: $98,421,005Expenses 2022: $78,155,153Net Income 2022: $20,265,8522022Revenue 2023: $143,513,383Expenses 2023: $131,684,366Net Income 2023: $11,829,0172023Revenue 2024: $167,373,815Expenses 2024: $156,139,923Net Income 2024: $11,233,8922024

Highlighted filing

2024

Revenue$167,373,815
Expenses$156,139,923
Net Income$11,233,892

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,555$2,373$181$167$156$11.2
2023Summary only. Only limited summary data is available for this year.$2,508$2,343$165$144$132$11.8
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,224$2,073$152$98.4$78.2$20.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,965$1,791$174$83.9$66.0$17.9
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,792$1,626$166$78.8$67.7$11.1
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,541$1,392$149$81.8$69.2$12.6
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,423$1,290$133$76.9$60.0$16.9
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,355$1,237$118$67.0$53.7$13.3
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,249$1,144$105$61.8$51.3$10.5
2015Summary only. Only limited summary data is available for this year.$1,151$1,057$94.5$57.4$50.3$7.10
2014Detailed filing. Detailed filing data is available for this year.$1,071$984$87.6$53.3$45.5$7.78
2013Detailed filing. Detailed filing data is available for this year.$986$907$78.6$49.9$42.7$7.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$914$840$73.9$40.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$825$760$64.9$38.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$752$694$57.6$42.0
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$98,977,215
Mission and Program Overview

Mission

Cooperative provider of credit union financial services to those who live or work in Harris, Montgomery, and Ft Bend Counties. As a member of the National Credit Union Insurance Fund, the credit union is regulated by the State of Texas Credit Union Dept as well as the National Credit Union Administration.

First Community Credit Union is a cooperative thrift institution that offers products and services in these primary areas for both consumers and businesses: Shares/savings accounts, checking accounts, consumer and commercial loans, real estate loans, business loans, retirement investing and related products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,262,833,468$1,656,543,452▲ $393,709,984
Investments Other Securities$479,493,855$405,900,528▼ $73,593,327
Rtn Earn Endowment Incm Other Fnds$173,954,922$151,935,423▼ $22,019,499
Land, Buildings, and Equipment, Net$55,630,833$57,156,323▲ $1,525,490
Cash and Non-Interest-Bearing Accounts$130,213,343$46,402,151▼ $83,811,192
Accounts Receivable$5,134,398$5,558,800▲ $424,402
Prepaid Expenses and Deferred Charges$2,809,138$4,132,641▲ $1,323,503
Savings and Temporary Cash Investments$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--
Total Assets$1,964,514,771$2,224,499,367▲ $259,984,596
Other Assets Total$28,399,736$48,805,472▲ $20,405,736
Liabilities
Other Liabilities$1,768,803,364$1,829,147,059▲ $60,343,695
Mortgage Notes Payable Secured by Investment Property$0$207,909,000▲ $207,909,000
Accounts Payable and Accrued Expenses$21,756,485$35,507,885▲ $13,751,400
Grants Payable$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$1,790,559,849$2,072,563,944▲ $282,004,095
Net Assets / Fund Balance
Total Net Assets Fund Balance$173,954,922$151,935,423▼ $22,019,499
Total Liabilities and Net Assets / Fund Balance$1,964,514,771$2,224,499,367▲ $259,984,596

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,744,560$14,475,431$0
Other Land Buildings$12,203$68,312$0
Land$5,688,881-$0
Equipment$13,710,679$29,817,015$0
Leasehold Improvements$0$0$0
Closely Held Equity Interests$0--
Financial Derivatives$405,900,528--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rene TijerinaCEOFT$478,319$425,530$903,849
Keith R DomingueEvp/CFOFT$269,386$223,826$493,212
Rito GarzaEvpFT$202,865$165,497$368,362
Jennifer KilgoreExecutive Vice PresidentFT$207,979$136,321$344,300
Randal WardExecutive VP LendingFT$203,398$129,665$333,063
Brian TurpenVPFT$238,150$49,337$287,487
Larry HookSenior Vice PresidentFT$128,272$115,377$243,649
Arthur GordonEvpFT$131,100$109,210$240,310
George CheairsSenior Vice PresidentFT$132,784$103,748$236,532
Jon HartmanSVPFT$134,957$85,786$220,743
Velsie BorjaSVPFT$148,474$69,917$218,391
Tricia SmithSr VP AccountingFT$138,801$63,424$202,225
Catherine RigbySVPFT$129,670$60,496$190,166
David RugglesSenior Mortgage ConsultantFT$79,321$108,472$187,793
Lee StrickhouserSVPFT$122,754$55,169$177,923
Ariadna DiazMortgage Loan OfficerFT$157,067$19,059$176,126
Darrell StorrsVice PresidentFT$141,931$33,959$175,890
Yalni RodgersMortgage Loan OfficerFT$157,685$13,698$171,383
Nancy TrennelChief Marketing OfficerFT$76,204$74,374$150,578
Doug WilcherChairman-$18,000-$18,000
Julie EisenhauerSecretary-$15,000-$15,000
Martin MiracleVice chairman-$15,000-$15,000
Sally MoseleyTreasurer-$15,000-$15,000
Scott ClantonDirector-$15,000-$15,000
Bob SchumacherDirector-$13,750-$13,750
Steven WalkerDirector-$12,500-$12,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$91,666,648
Investment Income
$6,754,357
Other Revenue
$0
Change in Net Assets
$20,265,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,421,005
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$98,421,005
Total Revenue per Form 990
$98,421,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,457,224
Salaries, Compensation, and Employee Benefits$30,697,929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$22,676,223
Information Technology---$15,742,276
Interest---$11,171,559
Office Expenses---$7,505,503
Advertising---$3,398,091
Occupancy---$3,376,484
Depreciation Depletion---$3,335,362
Current Officers, Directors, Trustees, and Key Employees---$2,684,703
Pension Plan Contributions---$1,865,458
Payroll Taxes---$1,798,913
Other Employee Benefits---$1,672,632
Other Expenses---$753,829
Fees for Services Other---$525,469
Insurance---$323,482
Conferences and Meetings---$246,776
Fees for Services Accounting---$127,225
Travel---$23,062
Fees for Services Legal---$-21,630
Total Functional Expenses$0$0$0$78,155,153

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$78,155,153
Total Expenses per Audited Statements$78,155,153
Total Expenses per Form 990$78,155,153
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$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 Deposits$1,829,147,059
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

Members

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

Members over the age of 18 are allowed to vote for member of the Board of Directors at the annual meeting.

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

Teh 990 is included in the Board Packet and reviewed by the Board of Directors.

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

Conflicts are reported to the Board of Directors as they arise.

Form 990, Part VI, Section B, Line 15

CEO pay is determined by a remuneration committee and approved by the Board of Directors. Executive pay is determined by the CEO based on a pay scale approved by the Board of Directors.

Form 990, Part VI, Section C, Line 19

The Credit Union's governing documents, conflict of interest policy, and financial statements are available upon request. An annual report is also available to the public.

Filing and Contact Details

Filer

Filer Name
First Community Credit Union of Houston
EIN
74-1212168
Phone
2818565300
Address
PO Box 840129, Houston, TX 77284-0129

Signing Officer

Name
Keith Domingue
Title
CFO
Phone
2818565456
Signed
2023-11-14

Organization Details

Principal Officer
TJ Tijerina
Formed
1952
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
524
Volunteers
7
Raw XML AppendixShowing 400 of 943 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/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt05558800
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0First Community Credit Union is a cooperative thrift institution that offers products and services in these primary areas for both consumers and businesses: Shares/savings accounts, checking accounts, consumer and commercial loans, real estate loans, business loans, retirement investing and related products.
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IRS990/BooksInCareOfDetail/PhoneNum02818565456
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IRS990/Desc0Checking Accounts - Available for consumers as well as businesses with various features, from free accounts to those with enhanced benefits. Checking accounts have been designed to meet the needs of all age groups and financial status. Teenager accounts are available (with a parent or guardian as a joint signer) to begin teaching proper money management Seniors qualify for our best checking account at a discounted rate. Fresh Start checking accounts are available to those who would normally be unable to establish a checking account elsewhere. High yield money management accounts are available to those who maintain high balances and wish to earn money market rates. Small businesses can also benefit from one of our three affordable and flexible business checking accounts. Additionally, FCCU extends the reach of these accounts to all members with free debit cards, free internet account access, free electronic bill payer services and free electronic statements. Some checking accounts offer dividends that are paid monthly. Over 50% of the credit union's members have a checking account.
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IRS990/ExpenseAmt00
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IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/PersonNm0Rene Tijerina
IRS990/Form990PartVIISectionAGrp/PersonNm1Keith R Domingue
IRS990/Form990PartVIISectionAGrp/PersonNm2Rito Garza
IRS990/Form990PartVIISectionAGrp/PersonNm3Jennifer Kilgore
IRS990/Form990PartVIISectionAGrp/PersonNm4Randal Ward
IRS990/Form990PartVIISectionAGrp/PersonNm5Brian Turpen
IRS990/Form990PartVIISectionAGrp/PersonNm6George Cheairs
IRS990/Form990PartVIISectionAGrp/PersonNm7Larry Hook
IRS990/Form990PartVIISectionAGrp/PersonNm8Arthur Gordon
IRS990/Form990PartVIISectionAGrp/PersonNm9Velsie Borja
IRS990/Form990PartVIISectionAGrp/PersonNm10Jon Hartman
IRS990/Form990PartVIISectionAGrp/PersonNm11Tricia Smith
IRS990/Form990PartVIISectionAGrp/PersonNm12David Ruggles
IRS990/Form990PartVIISectionAGrp/PersonNm13Catherine Rigby
IRS990/Form990PartVIISectionAGrp/PersonNm14Darrell Storrs
IRS990/Form990PartVIISectionAGrp/PersonNm15Yalni Rodgers
IRS990/Form990PartVIISectionAGrp/PersonNm16Ariadna Diaz
IRS990/Form990PartVIISectionAGrp/PersonNm17Lee Strickhouser
IRS990/Form990PartVIISectionAGrp/PersonNm18Nancy Trennel
IRS990/Form990PartVIISectionAGrp/PersonNm19Doug Wilcher
IRS990/Form990PartVIISectionAGrp/PersonNm20Julie Eisenhauer
IRS990/Form990PartVIISectionAGrp/PersonNm21Sally Moseley
IRS990/Form990PartVIISectionAGrp/PersonNm22Martin Miracle
IRS990/Form990PartVIISectionAGrp/PersonNm23Scott Clanton
IRS990/Form990PartVIISectionAGrp/PersonNm24Bob Schumacher
IRS990/Form990PartVIISectionAGrp/PersonNm25Steven Walker
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt3Executive Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Executive VP Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP
IRS990/Form990PartVIISectionAGrp/TitleTxt6Senior Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Senior Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt9SVP
IRS990/Form990PartVIISectionAGrp/TitleTxt10SVP
IRS990/Form990PartVIISectionAGrp/TitleTxt11Sr VP Accounting
IRS990/Form990PartVIISectionAGrp/TitleTxt12Senior Mortgage Consultant
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt15Mortgage Loan Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Mortgage Loan Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17SVP
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chief Marketing Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt20Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt21Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt22Vice chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
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IRS990/MissionDesc0Cooperative provider of credit union financial services to those who live or work in Harris, Montgomery, and Ft Bend Counties. As a member of the National Credit Union Insurance Fund, the credit union is regulated by the State of Texas Credit Union Dept as well as the National Credit Union Administration.
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