2024-11-14T18:06:24-07:00 2023-12-31 990 2023-01-01 741212168 FIRST COMMUNITY CREDIT UNION FIRS 2818565300 PO Box 840129 Houston TX 772840129 Keith Domingue CFO 2818565456 2024-11-14 1 2023 2024-10-15 13:58:12Z TJ Tijerina 15260 FM 529 Rd Houston TX 77095 186806463 0 X fccu.org X 1952 TX First Community Credit Union is a cooperative thrift institution that offers products and services in these primary areas for both consumers and businesses: Shares/savings accounts, checking accounts, consumer and commercial loans, real estate loans, business loans, retirement investing and related products. 7 7 524 7 78705 78705 0 0 91666648 122408878 6754357 21104505 0 0 98421005 143513383 0 0 0 0 30697929 33047893 0 0 0 47457224 98636473 78155153 131684366 20265852 11829017 2224499367 2507984781 2072563944 2342706511 151935423 165278270 Cooperative provider of credit union financial services to those who live or work in Harris, Montgomery, and Ft Bend Counties. As a member of the National Credit Union Insurance Fund, the credit union is regulated by the State of Texas Credit Union Dept as well as the National Credit Union Administration. 0 0 Checking Accounts - Available for consumers as well as businesses with various features, from free accounts to those with enhanced benefits. Checking accounts have been designed to meet the needs of all age groups and financial status. Teenager accounts are available (with a parent or guardian as a joint signer) to begin teaching proper money management Seniors qualify for our best checking account at a discounted rate. Fresh Start checking accounts are available to those who would normally be unable to establish a checking account elsewhere. High yield money management accounts are available to those who maintain high balances and wish to earn money market rates. Small businesses can also benefit from one of our three affordable and flexible business checking accounts. Additionally, FCCU extends the reach of these accounts to all members with free debit cards, free internet account access, free electronic bill payer services and free electronic statements. Some checking accounts offer dividends that are paid monthly. Over 50% of the credit union's members have a checking account. Savings Accounts - Offer access to members of all ages from youth accounts to senior accounts. Membership means access to a variety of products and services that can help build a sound financial foundation. Membership is also extended to all family members - spouses, parents, siblings, children, grandparents, cousins, aunts and uncles. FCCU had over 158,000 member-owner accounts as of 12/31/23 - each with a vote to elect our voluntary Board of Directors. Access is available through our 19 branch network, home banking, phone apps, 24/7 voice and automated phone center, ATMs as well as the shared-branch network worldwide. Savings accounts are designed to encourage the development of consistent savings habits. Savings accounts pay dividends quarterly. Consumer Loans. FCCU provides a wide array of consumer loan products through an efficient and highly trained underwriting process. The consumer loan product line includes new and used auto loans, credit cards, personal loans, mortgage and equity loans, student loans, other secured loans and recreational vehicles, boats and motorcycles. Access to apply for a loan is available through our branch network or 24/7 through our call center or on-line at our website. Credit life and disability insurance is available on any of these loan types. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37131 0 1 524 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 TX X Edgar Barraza 2818565464 PO Box 840129 Houston TX 772840129 Rene Tijerina CEO 55 0 X 758482 0 0 Keith R Domingue EVP/CFO 55 0 X 431532 0 0 Randal Ward Executive VP Lending 55 0 X 328790 0 0 Rito Garza EVP 55 0 X 316592 0 0 Jennifer Kilgore Executive Vice President 55 0 X 315097 0 0 Brian Turpen VP 45 0 X 264087 0 0 George Cheairs Senior Vice President 50 0 X 256309 0 0 Larry Hook Senior Vice President 50 0 X 237167 0 0 Sravan Vinjamuri Executive Vice President 55 0 X 233812 0 0 Arthur Gordon EVP 55 0 X 229230 0 0 Yalni Rodgers Mortgage Loan Officer 55 0 X 223748 0 0 Catherine Rigby EVP 55 0 X 214712 0 0 Velsie Borja SVP 50 0 X 190980 0 0 Jessie Rocha Vice President 45 0 X 180827 0 0 Tricia Smith Sr VP Accounting 50 0 X 178645 0 0 Darrell Storrs Vice President 45 0 X 167884 0 0 Ariadna Diaz Mortgage Loan Officer 45 0 X 162498 0 0 Jill Vinson Vice President 45 0 X 160682 0 0 Lee Strickhouser SVP 50 0 X 159513 0 0 Doug Wilcher Chairman 2 0 X 18000 0 0 Scott Clanton Director 2 0 X 15000 0 0 Bob Schumacher Director 2 0 X 15000 0 0 Julie Eisenhauer Director 2 0 X 13750 0 0 Sally Moseley Secretary 2 0 X 13750 0 0 Martin Miracle Vice chairman 2 0 X 13750 0 0 Steven Walker Treasurer 2 0 X 13750 0 0 5113587 0 0 46 0 1 0 0 Interest On Loans 522130 88110320 88110320 0 0 Member Fees and Charges 522130 29617379 29617379 0 0 Loan Fee income 522130 4063624 4063624 0 0 ATM Income 522130 617555 538850 78705 0 0 0 0 0 122408878 21072964 0 0 21072964 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43324621 0 43293080 0 31541 31541 31541 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 143513383 122361714 78705 21072964 0 0 0 0 2931248 0 24297297 2095106 1797516 1926726 0 156781 324917 0 0 0 525469 3312309 9263863 17420962 0 3747106 26125 0 146808 50480233 0 3699838 362703 Education 1186942 Lon Losses Provision 7982417 131684366 0 0 0 46402151 60584365 0 0 0 0 5558800 6479455 0 0 0 0 1656543452 1940245088 0 0 4132641 5104955 127095851 48920825 57156323 78175026 0 0 405900528 365268953 0 0 0 0 48805472 52126939 2224499367 2507984781 35507885 45404754 0 0 0 0 0 0 0 0 0 0 207909000 370500000 0 0 1829147059 1926801757 2072563944 2342706511 X 0 0 0 0 151935423 165278270 151935423 165278270 2224499367 2507984781 X 11829017 1098193 0 0 0 415637 X 0 1 X 1 0 14787929 0 14787929 55415929 0 15928054 39487875 40783952 0 32921470 7862482 16108041 0 71301 16036740 0 0 0 0 78175026 365268953 F 0 365268953 0 Member Deposits 1926801757 1926801757 143513383 0 0 0 0 0 143513383 0 0 0 143513383 131684366 0 0 0 0 0 131684366 0 0 0 131684366 0 1 0 Rene Tijerina CEO 502837 0 205784 0 49860 0 33000 0 23790 0 815271 0 0 0 Keith R Domingue EVP/CFO 304475 0 96162 0 30896 0 33827 0 13958 0 479318 0 0 0 Randal Ward Executive VP Lending 244655 0 59143 0 24992 0 23543 0 5730 0 358063 0 0 0 Rito Garza EVP 222701 0 59143 0 34748 0 20068 0 15713 0 352373 0 0 0 Jennifer Kilgore Executive Vice President 221847 0 59143 0 34107 0 22656 0 8345 0 346098 0 0 0 Sravan Vinjamuri Executive Vice President 205016 0 0 0 28796 0 0 0 11907 0 245719 0 0 0 Arthur Gordon EVP 148185 0 44220 0 36824 0 21435 0 21719 0 272383 0 0 0 Catherine Rigby EVP 163674 0 24389 0 26650 0 20599 0 12219 0 247531 0 0 0 George Cheairs Senior Vice President 143355 0 112253 0 700 0 18903 0 4406 0 279617 0 0 0 Larry Hook Senior Vice President 135506 0 97687 0 3974 0 23511 0 13846 0 274524 0 0 0 Velsie Borja SVP 160496 0 21244 0 9239 0 18882 0 7077 0 216938 0 0 0 Tricia Smith Sr VP Accounting 149731 0 24389 0 4525 0 18270 0 8580 0 205495 0 0 0 Lee Strickhouser SVP 132573 0 21244 0 5697 0 16908 0 15261 0 191683 0 0 0 Brian Turpen VP 260215 0 0 0 3871 0 19162 0 2189 0 285437 0 0 0 Yalni Rodgers Mortgage Loan Officer 219845 0 0 0 3904 0 11564 0 0 0 235313 0 0 0 Jessie Rocha Vice President 102845 0 71722 0 6260 0 6463 0 2696 0 189986 0 0 0 Darrell Storrs Vice President 146363 0 15000 0 6521 0 11556 0 3507 0 182947 0 0 0 Ariadna Diaz Mortgage Loan Officer 159694 0 0 0 2804 0 15969 0 0 0 178467 0 0 0 Jill Vinson Vice President 129192 0 30247 0 1243 0 16050 0 1061 0 177793 0 0 0 Schedule J, Part I, Line 4 Rene Tijerina, Keith Domingue, Rito Garza, Jennifer Kilgore, Randal Ward, Arthur Gordon, Katie Rigby, and Sravan Vinjamuri participate in a nonqualified 457(b) program with the maximum allowed by law contributed. Form 990, Part VI, Section A, Line 6 Members Form 990, Part VI, Section A, Line 7a Members over the age of 18 are allowed to vote for members of the Board of Directors at the annual meeting. Form 990, Part VI, Section B, Line 11b The 990 is included in the Board Packet and reviewed by the Board of Directors. Form 990, Part VI, Section B, Line 12c Conflicts are reported to the Board of Directors as they arise. Form 990, Part VI, Section B, Line 15 CEO Pay is determined by a remunerations committee and approved by the Board of Directors. Executive pay is determined by the CEO based on a pay scale approved by the Board of Directors. Form 990, Part VI, Section C, Line 19 The Credit Union's governing documents, conflict of interest policy, and financial statements are available upon request. An annual report is also available to the public. Form 990, Part XI, Line 9 Merger of USTCU Extension was filed and approved.