Community First Credit Union
- Assets
- $761.3m
- Revenue
- $33.1m
- Investments
- $0.0
- Employees
- 192
- Location
- Santa Rosa, CA
- Founding
- 06/1961
- Data as of
- 12/2021
- EIN
- 94-1541515
Organization Overview
Community First Credit Union is located in Santa Rosa, CA. The organization was established in 1961. 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, Community First Credit Union employed 192 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Community First 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, Community First Credit Union generated $33.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $25.6m during the year ending 12/2021. While expenses have increased by 19.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CONSUMER FINANCIAL SERVICES TO THE COMMUNITIES OF NAPA SONOMA MARIN LAKE AND MENDOCINO COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CONSUMER FINANCIAL SERVICES TO THE COMMUNITIES OF NAPA SONOMA MARIN LAKE AND MENDOCINO COUNTIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Sheffield Former CEO | 40 | $729,846 | |
Dawn Leandro Mlo | 40 | $277,778 | |
Monika Besancon Clo | Officer | 40 | $216,622 |
Scott E Johnson CEO | Officer | 40 | $200,457 |
Jay Hufford Cro | Officer | 40 | $183,916 |
Hally Swan Mlo | 40 | $181,305 |
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 | $32,864,965 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,075,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,451,624 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,550,653 |
| Pension plan accruals and contributions | $534,850 |
| Other employee benefits | $3,126,917 |
| Payroll taxes | $703,112 |
| Fees for services: Management | $347,243 |
| Fees for services: Legal | $66,247 |
| Fees for services: Accounting | $89,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $397,394 |
| Office expenses | $3,837,904 |
| Information technology | $536,807 |
| Royalties | $0 |
| Occupancy | $1,267,177 |
| Travel | $83,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,444 |
| Interest | $1,618,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,305,191 |
| Insurance | $143,574 |
| All other expenses | $0 |
| Total functional expenses | $25,585,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,474,171 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $569,151,097 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,129,136 |
| Investments—publicly traded securities | $83,075,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,427,906 |
| Total assets | $761,258,257 |
| Accounts payable and accrued expenses | $5,403,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,403,710 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $687,357,992 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $68,496,555 |
| Total liabilities and net assets/fund balances | $761,258,257 |
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