First Community Credit Union Of Houston

First Community Credit Union Of Houston Overview

First Community Credit Union Of Houston is located in Houston, TX. The organization was established in 1976. 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 12/2020, First Community Credit Union Of Houston employed 437 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. First Community Credit Union Of Houston 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 12/2020, First Community Credit Union Of Houston generated $78.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $67.7m during the year ending 12/2020. While expenses have increased by 5.1% per year over the past 6 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

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 AND RELATED PRODUCTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHECKING 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.


SAVINGS ACCOUNTS - OFFER ACCESS TO MEMBERS OF ALL AGES FROM YOUTH ACCOUNTS TO SENIOR ACCOUNTS. MEMBERSHIP MEANS ACCESS TO A VARIETY OF PRODUCTS AND SERVICES THAT CAN HELP BUILD A SOUND FINANCIAL FOUNDATION. MEMBERSHIP IS ALSO EXTENDED TO ALL FAMILY MEMBERS - SPOUSES, PARENTS, SIBLINGS, CHILDREN, GRANDPARENTS, COUSINS, AUNTS AND UNCLES. FCCU HAD OVER 136,000 MEMBER-OWNER ACCOUNTS AS OF 12/31/20 - EACH WITH A VOTE TO ELECT OUR VOLUNTARY BOARD OF DIRECTORS. ACCESS IS AVAILABLE THROUGH OUR 17 BRANCH NETWORK, HOME BANKING, PHONE APPS, 24/7 VOICE AND AUTOMATED PHONE CENTER, ATMS AS WELL AS THE SHARED-BRANCH NETWORK WORLDWIDE. SAVINGS ACCOUNTS ARE DESIGNED TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY.


CONSUMER LOANS. FCCU PROVIDES A WIDE ARRAY OF CONSUMER LOAN PRODUCTS THROUGH AN EFFICIENT AND HIGHLY TRAINED UNDERWRITING PROCESS. THE CONSUMER LOAN PRODUCT LINE INCLUDES NEW AND USED AUTO LOANS, CREDIT CARDS, PERSONAL LOANS, MORTGAGE AND EQUITY LOANS, STUDENT LOANS, OTHER SECURED LOANS AND RECREATIONAL VEHICLES, BOATS AND MOTORCYCLES. ACCESS TO APPLY FOR A LOAN IS AVAILABLE THROUGH OUR BRANCH NETWORK OR 24/7 THROUGH OUR CALL CENTER OR ON-LINE AT OUR WEBSITE. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES.


AS A FULL SERVICE FINANCIAL INSTITUTION, FIRST COMMUNITY CREDIT UNION OFFERS A VARIETY OF MISCELLANEOUS PRODUCTS AND SERVICES THAT MOST CONSUMERS REQUIRE TO CONDUCT THEIR DAILY FINANCES INCLUDING SAFE DEPOSIT BOXES, NATIONWIDE ATM SERVICES, FREE BILL PAYER SERVICES, AN OVERDRAFT PRIVILEGE PROGRAM, IDENTITY THEFT PACKAGES, WIRE TRANSFERS, NOTARY SERVICES AND INVESTMENTS THROUGH AN INDEPENDENT BROKERAGE SERVICE.


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First Community Credit Union Of Houston Board, Officers & Key Employees

Name (title)Compensation
Ron Downing
CEO
$986,539
Rene Tijerina
Evp/coo
$381,251
Keith R Domingue
Evp/cfo
$347,505
Rito Garza
Evp/cio
$264,788
Don Mozingo
Evp/clo
$260,797
Ricardo Yeppez
Mortgage Loan Officer
$224,444

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$73,462,272
Investment income $4,825,651
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $553,915
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,841,838

First Community Credit Union Of Houston Peer Organizations

Organization NameAssets
Ttcu Federal Credit Union
Tulsa, OK
$107,654,707
Credit Union Of Texas
Allen, TX
$92,923,025
First Community Credit Union Of Houston
Houston, TX
$78,841,838
Texas Trust Credit Union
Arlington, TX
$71,525,575
Firstmark Credit Union
San Antonio, TX
$59,445,918
First Service Credit Union
Houston, TX
$51,399,270
State Chartered Credit Unions In Louisiana
Baton Rouge, LA
$48,572,194
Neighborhood Credit Union
Dallas, TX
$51,652,385
Fort Worth Community Credit Union
Bedford, TX
$47,287,563
Velocity Credit Union
Austin, TX
$51,540,286
United Heritage Credit Union
Austin, TX
$48,829,880
Intouch Credit Union
Plano, TX
$42,962,924

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