First Community Credit Union

First Community Credit Union Overview

First Community Credit Union is located in Jamestown, ND. The organization was established in 1971. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, First Community Credit Union employed 316 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Community Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, First Community Credit Union generated $47.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $38.8m during the year ending 12/2019. While expenses have increased by 12.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

FIRST COMMUNITY CREDIT UNION PROMOTES THRIFT AND PROVIDES A SOURCE OF CREDIT TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FURNISHING COOPERATIVE FINANCIAL SERVICES TO MEMBERS AS A STATE-CHARTERED CREDIT UNION.


PROVIDING FINANCIAL PRODUCTS SUCH AS SAVINGS AND CHECKING ACCOUNTS, IRA ACCOUNTS, CERTIFICATES OF DEPOSIT, CONSUMER LOANS, HOME MORTGAGE LOANS, AND SMALL BUSINESS LOANS TO MEMBERS WITHIN OUR FIELD OF MEMBERSHIP.


PROVIDING LOANS TO MEMBERS FOR PROVIDENT PURPOSES, THEREBY HELPING TO STABILIZE THE CREDIT STRUCTURE OF THE UNITED STATES.


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First Community Credit Union Vendors

Vendor Name (Service)Compensation
Hillerud Constructions Inc
$1,719,575
Ncr Corporation
$656,473
Adams Development Co
$600,086
Cuna Mutual Group
$386,206
Tf Powers
$381,016
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$44,286,075
Investment income $2,390,158
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $177,788
Net Gain/Loss on Asset Sales $93,406
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,098,566

First Community Credit Union Peer Organizations

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