Nonprofit · EIN 47-0116167
LIBERTY FIRST CREDIT UNION
Tax-exempt · LINCOLN, NE 68503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $41,757,149 | $33,217,394 | $8,539,755 | $514,942,990 | $440,624,444 | $74,318,546 |
| December 31, 2024 | 990 | $36,992,224 | $30,312,930 | $6,679,294 | $484,609,576 | $418,830,785 | $65,778,791 |
| December 31, 2023 | 990 | $32,931,650 | $26,796,059 | $6,135,591 | $452,189,917 | $393,090,420 | $59,099,497 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,060,499
- Investment income
- $3,696,650
- Net gain from sales of assets
- -$41,573
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,631,415
- Other salaries and wages
- $6,168,201
- Salaries, compensation and benefits (total)
- $11,664,562
- Professional fundraising fees
- $0
- Legal fees
- $54,242
- Occupancy
- $743,878
- Travel
- $47,792
- Depreciation
- $936,121
Balance sheet and other
- Total assets, start of year
- $484,609,576
- Total assets, end of year
- $514,942,990
- Total liabilities, end of year
- $440,624,444
- Net assets, end of year
- $74,318,546
- Land, buildings and equipment
- $10,135,785
- Gross unrelated business income
- $159,921
- Gross receipts
- $41,809,825
- Employees
- 144
- Volunteers
- 11
- Year formed
- 1935
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Frank Wilber | CEO Officer | 55 | $1,229,403 | $58,942 |
| Eric Erickson | CIO Officer | 50 | $340,654 | $24,481 |
| Dillon Ehmen | SVP of Operations Officer | 50 | $261,900 | $52,693 |
| Angie Schreiner | SVP of Marketing Officer | 50 | $250,859 | $51,416 |
| Tyler Groskurth | Mortgage Loan Officer Highest-paid employee | 40 | $239,944 | $51,294 |
| Matt McCollum | SVP of Lending Officer | 50 | $231,245 | $18,751 |
| Ryan Morris | SVP of Finance Officer | 50 | $199,018 | $47,945 |
| Blake Nelson | Director of Security Highest-paid employee | 40 | $124,491 | $40,098 |
| Jason Bell | Mortgage Loan Officer Highest-paid employee | 40 | $114,369 | $41,678 |
| Daniel Radtke | AVP of Operations Highest-paid employee | 40 | $123,466 | $9,259 |
| Shawna Taylor | Loan Officer Highest-paid employee | 40 | $109,605 | $9,903 |
| Tom Bolton | Board Chair Trustee or director | 2 | $0 | $0 |
| Lloyd Starkey Jr | Board Treasurer Trustee or director | 2 | $0 | $0 |
| Mark Bostock | Board Secretary Trustee or director | 1 | $0 | $0 |
| Mike Hobelman | Board Member Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kersi Pajnigar | Board Member Trustee or director | 1 | $0 |
| Rick Batten | Board Member Trustee or director | 1 | $0 |
| Tim Keelan | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Frank Wilber | CEO/President Officer | 50 | $1,100,325 | $34,612 |
| Paul Erickson | CIO Officer | 50 | $299,965 | $28,210 |
| Angie Schreiner | SVP of Marketing Officer | 50 | $224,671 | $26,291 |
| Dillon Ehmen | SVP of Operations Officer | 50 | $213,832 | $26,434 |
| Kevin Frenzel | SVP of Sales, Service and Lending Former | 50 | $222,231 | $17,800 |
| Tyler Groskurth | Mortgage Loan Officer Highest-paid employee | 40 | $169,016 | $18,018 |
| Ryan Morris | SVP of Finance Officer | 50 | $164,406 | $20,092 |
| Jason Bell | Mortgage Loan Officer Highest-paid employee | 40 | $149,713 | $16,509 |
| Blake Nelson | Director of Security Highest-paid employee | 45 | $120,844 | $15,719 |
| Courtney Jobes | Mortgage Underwriter Highest-paid employee | 40 | $104,701 | $9,629 |
| Daniel Radtke | AVP of Operations Highest-paid employee | 45 | $105,362 | $8,239 |
| Tom Bolton | Board Chair Trustee or director | 2 | $0 | $0 |
| Lloyd Starkey Jr | Board Treasurer Trustee or director | 2 | $0 | $0 |
| Mark Bostock | Board Secretary Trustee or director | 1 | $0 | $0 |
| Michael Hobelman | Director Trustee or director | 1 | $0 | $0 |
| Kersi Pajnigar | Director Trustee or director | 1 | $0 | $0 |
| Rick Batten | Director Trustee or director | 1 | $0 | $0 |
| Tim Keelan | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK WILBER | CEO Officer | 40 | $1,098,307 | $35,366 |
| KEVIN FRENZEL | Vice President Officer | 40 | $530,315 | $28,421 |
| PAUL ERICKSON | Vice President Officer | 40 | $375,747 | $30,605 |
| ANGELA SCHRINER | Vice President Officer | 40 | $270,951 | $27,346 |
| DILLON EHMEN | Vice President Officer | 40 | $137,242 | $20,004 |
| RYAN MORRIS | CFO Officer | 40 | $134,542 | $17,303 |
| JASON BELL | Vice President Officer | 40 | $123,135 | $17,295 |
| LISA KRYCKI | Vice President Officer | 40 | $115,892 | $18,242 |
| TYLER GROSKURTH | Vice President Officer | 40 | $112,229 | $17,473 |
| TOM BOLTON | Chairman Trustee or director | 1 | $0 | $0 |
| LOYD STARKEY JR | Treasurer Trustee or director | 1 | $0 | $0 |
| TIM KEELAN | Director Trustee or director | 1 | $0 | $0 |
| RICHARD BATTEN | Director Trustee or director | 1 | $0 | $0 |
| KERSI PAJNIGAR | Director Trustee or director | 1 | $0 | $0 |
| MICHAEL HOBELMAN | Secretary Trustee or director | 1 | $0 | $0 |
| MARK BOSTOCK | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 N 46TH ST, LINCOLN, NE 68503-3718
- In care of
- % RYAN MORRIS
- Principal officer (990 for 2025)
- Ryan Morris, 501 N 46TH ST, LINCOLN, NE 685033718
- Signed the 990
- Ryan Morris, SVP of Finance
- Phone
- (402) 465-1065
- Website
- www.libertyfirstcu.com
Mission
Providing service for lifetime financial solutions
Program accomplishments
- The Credit Union provides several deposit account types to the membership including savings checking certificates of deposit and others. The total number of members as of 12 31 2025 was 35,222 and total number of member accounts was 65,196.0
- The Credit Union provides a variety of loans to the membership including real estate credit cards vehicle lines of credit and others. The total number of loans outstanding as of 12 31 2025 was 21,597.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0116167
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1143: NEBRASKA CREDIT UNION LEAGUE INC
- Assets (IRS master file)
- $514,942,990
- Income (IRS master file)
- $41,809,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $41,757,149 | $33,217,394 | $514,942,990 | IRS |
| 990 | December 2024 | $36,992,224 | $30,312,930 | $484,609,576 | XML |
| 990 | December 2023 | $32,931,650 | $26,796,059 | $452,189,917 | XML |
| 990 | December 2022 | $27,495,724 | $21,808,431 | $422,383,303 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0116167).
Questions about LIBERTY FIRST CREDIT UNION
- What is the EIN of LIBERTY FIRST CREDIT UNION?
- The employer identification number (EIN) of LIBERTY FIRST CREDIT UNION is 47-0116167.
- Is LIBERTY FIRST CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
- Are donations to LIBERTY FIRST CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LIBERTY FIRST CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIBERTY FIRST CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIBERTY FIRST CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LIBERTY FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Ryan Morris.
- Who are the officers and directors of LIBERTY FIRST CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 18 people; 11 received compensation from the organization, the highest $1,229,403 (Frank Wilber, CEO).
- How much revenue does LIBERTY FIRST CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $41,757,149, expenses of $33,217,394 and total assets of $514,942,990 at year end.
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