First Community Credit Union

Organization Overview

First Community Credit Union is located in Coquille, OR. The organization was established in 1944. 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 12/2021, First Community Credit Union employed 407 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 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 12/2021, First Community Credit Union generated $50.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $40.3m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD LASTING FINANCIAL RELATIONSHIPS THROUGH PERSONALIZED BANKING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL ACTIVITIES OF A STATE CHARTERED CREDIT UNION, INCLUDING FUNDING AND SERVICING OF LOANS, DEPOSITS, ACH SERVICES, ATM ACCESS, ETC. SERVICES ARE PROVIDED MONDAY THROUGH FRIDAY, WITH THE EXCEPTION OF FEDERAL HOLIDAYS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Harmon Construction
Building Services
$1,120,833
Jack Henry & Associates Inc
Data Services
$540,736
Diebold
Atm Support
$467,801
Appraisal Valet Inc
Appraisal Services
$445,965
Connect Financial Software Solutions
Data Services
$309,738
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$44,988,739
Investment income $4,030,261
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,750
Net Gain/Loss on Asset Sales $14,471
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $50,673,220

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