First Community Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
First Community Credit Union is a 501(c)(14) organization based in Jamestown, North Dakota, registered in 1971, with $76,733,253 in FY2024 revenue. CharityIndex grades it A.
310 10th St Se, Jamestown, ND, 58401 EIN 45-0226664 Since 1971
Revenue (FY2024)
$76.7M
▲ 16.3% vs prior year
Expenses (FY2024)
$68.3M
Net assets
$147.1M
Employees
332
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for First Community Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For First Community Credit Union: 26 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For First Community Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For First Community Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Strengthen community by helping members grow & thrive
What they do
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.
Contact & location
- Address
- 310 10th St Se, Jamestown, ND, 58401
- City
- Jamestown
- State
- North Dakota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $25.1M (FY2013) to $76.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $147.1M
Operating margin
11.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$1.2B
Net assets
$147.1M
Salaries & benefits
$24.1M
35% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,733,253▲16.3% | $68,279,557▲23.3% | $147,137,908▲6.7% | $1,327,869,515▲0.8% | 990 |
| 2023 | $65,983,287▲27.2% | $55,394,483▲33.7% | $137,928,906▲10.5% | $1,316,792,423▲10.1% | 990 |
| 2022 | $51,869,328▲2.8% | $41,423,974▲9.9% | $124,794,801▼9.0% | $1,195,741,212▲12.7% | 990 |
| 2021 | $50,434,728▲2.8% | $37,700,549▼4.9% | $137,167,890▲6.1% | $1,060,866,226▲12.1% | 990 |
| 2020 | $49,070,121▲4.2% | $39,663,852▲2.1% | $129,228,705▲10.8% | $946,751,216▲11.1% | 990 |
| 2019 | $47,098,566▲5.0% | $38,838,200▲3.7% | $116,596,475▲9.7% | $851,824,528▲3.0% | 990 |
| 2018 | $44,840,630▲40.6% | $37,460,145▲58.0% | $106,329,484▲24.8% | $827,278,460▲33.3% | 990 |
| 2017 | $31,881,327▲10.0% | $23,711,293▲8.9% | $85,202,921▲10.6% | $620,644,273▲9.5% | 990 |
| 2016 | $28,979,708▲0.9% | $21,779,515▲2.6% | $77,064,274▲10.0% | $567,043,264▲4.2% | 990 |
| 2015 | $28,720,275▲10.1% | $21,231,834▲5.3% | $70,038,052▲12.2% | $544,040,067▲5.4% | 990 |
| 2014 | $26,095,516▲3.8% | $20,158,389▲10.1% | $62,411,167▲15.4% | $516,299,138▲8.9% | 990 |
| 2013 | $25,148,181 | $18,313,278▲4.3% | $54,061,344▲11.7% | $474,165,366▲9.0% | 990 |
| 2012 | — | $17,550,267▼6.6% | $48,402,518▲16.2% | $435,102,304▲13.7% | 990 |
| 2011 | — | $18,794,835▼6.5% | $41,646,333▲14.6% | $382,579,235▲13.2% | 990 |
| 2010 | — | $20,093,695 | $36,327,999 | $338,017,767 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Steve Schmitz — $523,395 (0.77% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steve Schmitz | Ceo | 45 | $523,395 |
| Craig Grundstrom | Chief Development Officer | 45 | $278,164 |
| Darin Finck | Chief Lending Officer | 45 | $273,490 |
| Steve Davis | Svp Mortgage Lending | 45 | $243,381 |
| Sean Rinkenberger | Cfo | 45 | $242,612 |
| Stephanie Finck | Coo | 45 | $214,845 |
| James Vollrath | Chief Technology Officer | 45 | $211,205 |
| Bonnie Nelson | Secretary | 4 | $7,200 |
| Chris Aarhus | Director | 4 | $7,200 |
| Colin Wegenast | Director | 4 | $7,200 |
| Douglas Kalianoff | Director | 4 | $7,200 |
| Mark Watne | Director | 4 | $7,200 |
| Owen Olson | Chairman | 4 | $7,200 |
| Sharman Zachrison | Director | 4 | $7,200 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pscuvelera | Credit/debit Card Processor | $2,131,090 |
| Hillerud Construction Inc | Building Contractor | $1,883,088 |
| Ncr Corporation | Online Banking Provider | $469,826 |
| Fiserv | Member Account Service | $380,498 |
| Strategic Resource Management Inc | Growth Consulting | $351,371 |
Frequently asked questions
- Is First Community Credit Union a legitimate nonprofit?
- Yes. First Community Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 45-0226664, based in Jamestown, North Dakota.
- What is First Community Credit Union's EIN?
- First Community Credit Union's Employer Identification Number (EIN) is 45-0226664.
- How much revenue does First Community Credit Union report?
- First Community Credit Union reported $76,733,253 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does First Community Credit Union have?
- CharityIndex grades First Community Credit Union A, based on financial health (reserves and operating margin).
- How much does First Community Credit Union's highest-paid employee make?
- The highest reported compensation on First Community Credit Union's latest Form 990 is $523,395, paid to Steve Schmitz (Ceo).
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Data for First Community Credit Union (EIN 45-0226664) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.