First Community Credit Union
Strong reserves Growing revenue
First Community Credit Union is a 501(c)(14) organization based in Coquille, Oregon, registered in 1944, with $62,808,074 in FY2023 revenue.
200 N Adams St, Coquille, OR, 97423 EIN 93-0468003 Since 1944
Revenue (FY2023)
$62.8M
▲ 9.1% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$47.4M
Net assets
$184.0M
Employees
397
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 rating47 mo reserves · +24% 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: 47 mo reserves · +24% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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: 5 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
To build lasting financial relationships through personalized banking.
Contact & location
- Address
- 200 N Adams St, Coquille, OR, 97423
- City
- Coquille
- State
- Oregon
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $36.5M (FY2013) to $62.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.5BNet assets $184.0M
Operating margin
24.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.5B
Net assets
$184.0M
Salaries & benefits
$27.5M
58% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $62,808,074▲9.1% | $47,436,500▲18.5% | $183,982,335▲10.2% | $1,676,601,574▼6.7% | 990 |
| 2022 | $57,546,079▲13.6% | $40,033,603▼0.6% | $167,016,945▲9.1% | $1,796,419,066▲2.0% | 990 |
| 2021 | $50,673,220▼3.0% | $40,267,923▲1.7% | $153,086,995▲6.7% | $1,761,836,849▲16.7% | 990 |
| 2020 | $52,235,173▲8.6% | $39,596,799▲13.0% | $143,430,793▲9.7% | $1,509,336,472▲29.2% | 990 |
| 2019 | $48,103,593▲9.0% | $35,028,123▲10.4% | $130,759,764▲11.1% | $1,168,074,827▲5.7% | 990 |
| 2018 | $44,150,516▲15.3% | $31,717,252▲5.9% | $117,648,255▲11.9% | $1,105,525,152▲5.8% | 990 |
| 2017 | $38,281,790▲7.9% | $29,954,197▲3.1% | $105,176,231▲8.6% | $1,044,692,282▲7.7% | 990 |
| 2016 | $35,490,647▲5.9% | $29,045,820▲8.0% | $96,848,639▲7.2% | $969,995,014▲8.0% | 990 |
| 2015 | $33,522,341▼0.9% | $26,893,459▲4.0% | $90,346,088▲7.8% | $897,823,591▲9.3% | 990 |
| 2014 | $33,812,018▼7.3% | $25,862,967▼14.4% | $83,777,097▲10.5% | $821,284,689▲6.3% | 990 |
| 2013 | $36,481,832 | $30,212,317▼8.6% | $75,825,879▲9.0% | $772,760,355▲2.8% | 990 |
| 2012 | — | $33,043,607▲30.4% | $69,556,364▲12.6% | $752,014,528▲6.0% | 990 |
| 2011 | — | $25,333,971▲10.1% | $61,779,308▲72.4% | $709,267,683▲75.5% | 990 |
| 2010 | — | $23,003,826 | $35,835,210 | $404,148,978 | 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 (FY2023)
Highest-paid: Renee Nelson — $723,024 (1.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Renee Nelson | Executive Vice President/cfo | 40 | $723,024 |
| David Elmer | President/ceo/treasurer | 40 | $668,339 |
| Denise Hill | Executive Vice President/coo | 40 | $304,187 |
| Mike Leep | Svp Finance | 40 | $267,957 |
| Erin Spencer | Svp Communications & Engagement | 40 | $252,900 |
| Kevin Isley | Svp Ebanking & Development | 40 | $251,842 |
| Wendy Osgood | Svp Branch Administration | 40 | $249,270 |
| Jeremy Alger | Svp Information Technology | 40 | $248,670 |
| Robin Mcalpin | Board Member (chairperson) | 12 | $23,250 |
| Shaun Hoback | Board Member (former Chair) | 10 | $19,750 |
| Hall Thomas | Board Member | 10 | $18,500 |
| Brian Menefee | Board Member (vice-chair) | 10 | $18,000 |
| Dan Gibson | Board Member | 10 | $18,000 |
| Dennis Erickson | Board Member (treasurer) | 10 | $18,000 |
| Frank Sproul | Board Member | 10 | $18,000 |
| Gerald Prickett | Board Member | 10 | $18,000 |
| June Chadbourne | Board Member | 10 | $18,000 |
| Linda Furman Grile | Board Member (secretary) | 10 | $18,000 |
| Mary-ellen Robbins | Board Member | 10 | $18,000 |
| Steve Mohrland | Board Member | 10 | $18,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Harmon Construction | Building Services | $7,568,121 |
| Jack Henry & Associates Inc | Data Services | $615,332 |
| Diebold | Atm Support | $557,767 |
| Dell Marketing LP | Data Services | $380,512 |
| Centurylink | Telecom Services | $326,451 |
Grants made · $294K in FY2023
20 grants totaling $294K in FY2023 — showing the 15 largest. All grants made by First Community Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Coquille | Community support | $50,500 |
| Lutheran Community Services Northwest | Community support | $25,000 |
| Coos Youth Auction Committee Inc | Community support | $23,910 |
| Umatilla County Fair | Community support | $20,000 |
| Rotary International | Community support | $17,920 |
| Rotary International | Community support | $16,887 |
| Grants Pass Active Club Inc | Community support | $16,165 |
| Deschutes County 4-h and Ffa Livestock Auction Association | Community support | $10,280 |
| Hearts With A Mission | Community support | $10,000 |
| Lake County Roundup | Community support | $10,000 |
| Coquille Volunteer Firefighters Association | Community support | $10,000 |
| Sutherlin Throwdown | Community support | $10,000 |
| Hillsboro Tuesday Market Place Inc | Community support | $10,000 |
| Playeast | Community support | $10,000 |
| Redwood Elementary School | Community support | $10,000 |
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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 93-0468003, based in Coquille, Oregon.
- What is First Community Credit Union's EIN?
- First Community Credit Union's Employer Identification Number (EIN) is 93-0468003.
- How much revenue does First Community Credit Union report?
- First Community Credit Union reported $62,808,074 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- 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 $723,024, paid to Renee Nelson (Executive Vice President/cfo).
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Data for First Community Credit Union (EIN 93-0468003) 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.