2025-11-10T16:39:46-07:00 2024-12-31 990 2024-01-01 430687711 First Community Credit Union FIRS 6365374400 17151 Chesterfield Airport Road Chesterfield MO 63005 Philip Hanna Executive Vice President-CFO 6365374450 2025-11-04 1 2024 2025-03-06 01:10:19Z Glenn D Barks 17151 Chesterfield Airport Road Chesterfield MO 63005 359496190 0 X firstcommunity.com X Cooperative 1934 MO To be the member's primary financial institution by providing and promoting a full-range of services in a convenient, courteous and professional manner. 7 6 787 7 2152759 36739 0 0 177289952 219170383 23306854 37141509 0 0 200596806 256311892 0 0 0 0 49209319 55137715 0 0 0 130182026 173139448 179391345 228277163 21205461 28034729 4162421333 4517141452 3926284995 4230056987 236136338 287084465 To be the member's primary financial institution by providing and promoting a full-range of services in a convenient, courteous and professional manner. 0 0 228277163 0 254159133 First Community provides loans to members at low rates while paying high dividends on depository accounts. We serve over 393 thousand members offering auto, home, business and unsecure loans. We also offer various depository options such as savings and checking accounts, certificates of deposit, money management accounts and IRA accounts. 0 0 0 228277163 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 112136 0 1 787 1 1 1 0 0 0 0 0 1 0 X 7 6 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Dawn Parks 6365374400 17151 Chesterfield Airport Road Chesterfield MO 63005 Glenn D Barks President 37.5 0 X X 2695220 0 244707 Joy Weeks Senior Vice President of Lending 37.5 0 X 700002 0 177374 Philip Hanna Senior Vice President/CFO 37.5 0 X 449638 0 141773 Cindy Evans Senior Vice President of Branch Administration 37.5 0 X 281304 0 109496 Kristen Bland CEO-CUSO/First Financial Services 37.5 37.5 X 0 295960 73223 David Hudson Senior Vice President of Information Technology 37.5 0 X 277280 0 73165 Laura Alfeldt Senior Vice President of Communications and Public Relations 37.5 0 X 237113 0 90152 David Caster Vice President of Risk 37.5 0 X 218177 0 74288 Tim Bowman Vice President of IT 37.5 0 X 216444 0 60415 Thomas Thornton Vice President of Investment Services 37.5 0 X 200981 0 65566 Julie Carmody Vice President of Human Resources 37.5 0 X 197200 0 56181 Corey Hollander Vice President Digital Stategy 37.5 0 X 154819 0 45896 Aaron Chapman Assistant Vice President of Lending 37.5 0 X 162838 0 31347 Derek Smith Assistant Vice President of Collections 37.5 0 X 149555 0 40822 Joe Radeke Assistant Vice President of Indirect Lending 37.5 0 X 148390 0 27200 Sharon Hudson Chairman 1 0 X 0 0 0 David Treat Vice Chairman 1 0 X 0 0 0 Ernest Trakas Treasurer 1 0 X 0 0 0 Karen Emert Secretary 1 0 X 0 0 0 Stephen Morgenthaler Board Member 1 0 X 0 0 0 Fred Zinn Board Member 1 0 X 0 0 0 6088961 295960 1311605 15 0 1 0 0 Interest on Loans 522130 166755094 166755094 0 0 Fee Income 522130 20348492 19845103 503389 0 Other Operating Income 522130 32066797 30417427 1649370 0 0 0 0 0 219170383 34755923 34755923 0 0 0 0 0 0 0 0 0 0 0 0 105439640 130244 102975540 208758 2464100 -78514 2385586 2385586 0 0 0 256311892 254159133 2152759 0 6670192 35398253 2520446 7604386 2944438 133831 101040 7616913 6074370 9116203 7137634 204078 97065398 4315859 401521 Loss Provision 18050357 Debit Card Expense 7400950 Checking/Loan Servicing Expense 7247467 ATM/Credit Card Expense 4718143 3555684 228277163 0 0 0 10626724 18203260 132434751 349237640 0 0 3336177 5294579 0 0 0 0 2921421665 3095053645 0 0 27285112 32962981 143672988 55954009 78476954 87718979 864421114 796182156 9345000 6345000 55885271 56443075 59188565 69700137 4162421333 4517141452 64835684 48464602 0 0 0 0 0 0 3513341 4809591 320335311 249567453 0 3537600659 3927215341 3926284995 4230056987 X 0 0 0 0 236136338 287084465 236136338 287084465 4162421333 4517141452 X 28034729 16849424 0 0 0 6063974 X 0 1 X 1 0 0 1 X 24539235 0 24539235 73973985 0 22431018 51542967 10957751 0 7645727 3312024 34202017 0 25877264 8324753 0 0 0 0 87718979 0 Member Deposits 3909726947 Other Liabilities 17488394 3927215341 X 256311892 0 0 0 0 0 256311892 0 0 0 256311892 228277163 0 0 0 0 0 228277163 0 0 0 228277163 Schedule D, Part IV, Line 2b As part of the normal first mortgage loan servicing, payments are collected monthly from the borrower and placed in escrow to pay their real estate taxes and homeowner's insurance. First Community pays the taxes and insurance premiums when due on behalf of the borrower. Schedule D, Part X, Line 2 First Community is exempt from income taxes under Section 501(c)(14) of the Internal Revenue Code. X 1 1 X X 0 1 0 Glenn D Barks President 2445220 0 250000 0 0 0 217250 0 27457 0 2939927 0 0 0 Joy Weeks Senior Vice President of Lending 675002 0 25000 0 0 0 168239 0 9135 0 877376 0 0 0 Philip Hanna Senior Vice President/CFO 424638 0 25000 0 0 0 102425 0 39348 0 591411 0 0 0 Kristen Bland CEO-CUSO/First Financial Services 0 270960 0 25000 0 0 0 63227 0 9996 0 369183 0 0 Cindy Evans Senior Vice President of Branch Administration 256304 0 25000 0 0 0 82466 0 27030 0 390800 0 0 0 David Hudson Senior Vice President of Information Technology 252280 0 25000 0 0 0 55652 0 17513 0 350445 0 0 0 Laura Alfeldt Senior Vice President of Communications and Public Relations 212113 0 25000 0 0 0 60905 0 29247 0 327265 0 0 0 David Caster Vice President of Risk 193177 0 25000 0 0 0 44348 0 29940 0 292465 0 0 0 Tim Bowman Vice President of IT 191444 0 25000 0 0 0 33675 0 26740 0 276859 0 0 0 Thomas Thornton Vice President of Investment Services 185981 0 15000 0 0 0 38826 0 26740 0 266547 0 0 0 Julie Carmody Vice President of Human Resources 172200 0 25000 0 0 0 29441 0 26740 0 253381 0 0 0 Aaron Chapman Assistant Vice President of Lending 162838 0 0 0 0 0 16953 0 14394 0 194185 0 0 0 Corey Hollander Vice President Digital Stategy 129819 0 25000 0 0 0 14141 0 31755 0 200715 0 0 0 Derek Smith Assistant Vice President of Collections 149555 0 0 0 0 0 18832 0 21990 0 190377 0 0 0 Joe Radeke Assistant Vice President of Indirect Lending 148390 0 0 0 0 0 18065 0 9135 0 175590 0 0 0 Schedule J, Part I, Line 1a The credit union provides travel for companions. Schedule J, Part I, Line 4 The President and Senior VP of Lending participate in these plans David Hudson David Hudson is the son of Sharon Hudson 350445 Employment 0 Form 990, Part VI, Section A, Line 2 Sharon Hudson, Board Member, has a family relationship with David Hudson, Officer. Form 990, Part VI, Section A, Line 6 First Community is a state-chartered, not-for-profit financial cooperative. Every member is both a member and owner. Form 990, Part VI, Section A, Line 7a A meeting of members is called to fill vacancies on the Board of Directors. Form 990, Part VI, Section A, Line 7b By a majority vote of those present at any meeting, the members may decide any matter of interest of the credit union, amend the bylaws relating to qualifications of membership, election of appointment of the supervisory committee, determine the requirement for a credit committee and if such committee should be elected or appointed, and override the directors on any matter concerning the guideline for future plans and objectives, provided the notice of the meeting has stated any such matter to be considered upon a written request of any member, except that the members cannot cause the credit union to breach or abrogate any legal obligation or contract previously executed by the board. Form 990, Part VI, Section B, Line 11b The Form 990 was reviewed by the Executive Vice President/CFO and was presented to the Board of Directors for their review at the October 2025 meeting. Form 990, Part VI, Section B, Line 12c Written Conflict of Interest Policy is maintained in the policy manual. The Compliance Officer and Internal Auditor monitor vendor and employee accounts for correlations. Form 990, Part VI, Section B, Line 15 President's compensation is determined by review of compensation surveys and is recommended and approved by the Board of Directors. Officers' compensation is determined by use of compensation surveys and recommended and approved by the President. Form 990, Part VI, Section C, Line 19 Financial statements are posted at the branches on public display and are also available on the credit union's website homepage. Form 990, Part XI, Line 9 Other changes in net assets include changes in accounting for pension and post-retirement plans. First Community Realty 17107 Chesterfield Airport Road Chesterfield MO 63005 872537665 Realty Services MO -602645 67183 First Community Credit Union FCR Referral Group 17107 Chesterfield Airport Road Chesterfield MO 63005 922680572 Realty Services MO 521 1725 First Community Credit Union First Community Insurance Agency 17107 Chesterfield Airport Road Chesterfield MO 63005 934653212 Insurance Agency MO -866604 1913002 First Community Credit Union