FIRST COMMUNITY CREDIT UNION

Address
PO BOX 2180
JAMESTOWN, ND 58401
Contact
Website: http://www.myfccu.com
Phone: +1 (701) 252-0360
Nonprofit
NTEE: W61 - Credit Unions
EIN: 45-0226664

Mission

TO PROVIDE INDIVIDUALIZED FINANCIAL SOLUTIONS FOR OR MEMBERS THROUGH COMPETITIVE PRODUCTS AND WELL-TRAINED AND EMPOWERED EMPLOYEES.
 20162015201420132012
Basic features of the organization
Year of formation1939
Subsection code14
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$771,250.00$727,689.00$506,728.00$481,146.00$521,001.00
Sum of reportable (W2/1099) compensation$1,443,092.00$1,184,620.00$800,317.00$996,843.00$448,813.00
Number of employees180189186174163
Number of people compensated >$100k158573
Number of volunteers22229
Number of highly compensated contractors0000 
Personnel
Christianson, Michael
Title Mortgage Loan Officer   
Name of key/compensated person Michael Christianson   
Position of compensated person
Highest compensated employees (>$100k) True   
Average hours per week working for org 45.00   
Reportable compensation from org $104,378.00   
Other comp, non-reportable, from org and related orgs $17,961.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Finck, Darin
TitleCHIEF LENDING OFFICERChief Lending OfficerChief Lending Officer  
Name of key/compensated personDARIN FINCKDarin FinckDarin Finck  
Position of compensated person
Highest compensated employees (>$100k)TrueTrueTrue  
Average hours per week working for org45.0045.0050.00  
Reportable compensation from org$162,870.00$143,062.00$134,508.00  
Other comp, non-reportable, from org and related orgs$34,048.00$60,210.00$50,647.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Fink, Darin
Title   Western Region VP 
Name of key/compensated person   Darin Fink 
Position of compensated person
Highest compensated employees (>$100k)   True 
Average hours per week working for org   50.00 
Reportable compensation from org   $118,593.00 
Other comp, non-reportable, from org and related orgs   $52,905.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Fink, Stephanie
Title VP, Operations   
Name of key/compensated person Stephanie Fink   
Position of compensated person
Highest compensated employees (>$100k) True   
Average hours per week working for org 45.00   
Reportable compensation from org $110,954.00   
Other comp, non-reportable, from org and related orgs $44,347.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Franke, Sandra
TitleDIRECTOR    
Name of key/compensated personSANDRA FRANKE    
Position of compensated person
Average hours per week working for org4.00    
Reportable compensation from org$5,300.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Franke, Sardra
Title DirectorDirector (April-Dec)  
Name of key/compensated person Sardra FrankeSardra Franke  
Position of compensated person
Average hours per week working for org 4.004.00  
Reportable compensation from org $5,300.00$4,100.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Gramer, Brian
TitleBUSINESS DEVELOPMENT OFFICER    
Name of key/compensated personBRIAN GRAMER    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org45.00    
Reportable compensation from org$121,837.00    
Other comp, non-reportable, from org and related orgs$7,232.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Grundstrom, Craig
TitleMARKET VPMarket Vice PresidentMarket Vice President  
Name of key/compensated personCRAIG GRUNDSTROMCraig GrundstromCraig Grundstrom  
Position of compensated person
Highest compensated employees (>$100k)  True  
Average hours per week working for org45.0045.0050.00  
Reportable compensation from org$163,574.00$159,215.00$148,948.00  
Other comp, non-reportable, from org and related orgs$30,836.00$34,211.00$19,403.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Headland, Dayne
TitleDIRECTORDirectorDirectorSecretary(Jan-Mar)/Director(Mar-Dec)Director
Name of key/compensated personDAYNE HEADLANDDayne HeadlandDayne HeadlandDayne HeadlandDayne Headland
Position of compensated person
Average hours per week working for org4.004.004.006.006.00
Reportable compensation from org$5,300.00$5,300.00$5,300.00$5,300.00$5,300.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Heitkamp, Fran
Title    Vice President
Name of key/compensated person    Fran Heitkamp
Position of compensated person
Highest compensated employees (>$100k)    True
Average hours per week working for org    50.00
Reportable compensation from org    $132,121.00
Other comp, non-reportable, from org and related orgs    $18,706.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Heitkamp, Francis
Title   Eastern Region VP 
Name of key/compensated person   Francis Heitkamp 
Position of compensated person
Highest compensated employees (>$100k)   True 
Average hours per week working for org   50.00 
Reportable compensation from org   $166,970.00 
Other comp, non-reportable, from org and related orgs   $18,164.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Janz, Jerry
TitleVP BUSINESS LENDING    
Name of key/compensated personJERRY JANZ    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org45.00    
Reportable compensation from org$148,190.00    
Other comp, non-reportable, from org and related orgs$21,927.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Larson, Kermit
Title  Chair (January-March)Chairman (January-March)Chairman
Name of key/compensated person  Kermit LarsonKermit LarsonKermit Larson
Position of compensated person
Average hours per week working for org  4.006.006.00
Reportable compensation from org  $1,600.00$5,300.00$5,300.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Lilleby, Clayton
Title VP, Sales & Branch Admin.   
Name of key/compensated person Clayton Lilleby   
Position of compensated person
Highest compensated employees (>$100k) True   
Average hours per week working for org 45.00   
Reportable compensation from org $119,093.00   
Other comp, non-reportable, from org and related orgs $14,313.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Nelson, Bonnie
TitleSECRETARYSecretarySecretaryDirector(Jan-Mar)/Secretary(Mar-Dec)Director
Name of key/compensated personBONNIE NELSONBonnie NelsonBonnie NelsonBonnie NelsonBonnie Nelson
Position of compensated person
Average hours per week working for org4.004.004.006.005.00
Reportable compensation from org$5,300.00$5,300.00$5,300.00$5,300.00$3,700.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Nelson, Mary
Title   DirectorDirector
Name of key/compensated person   Mary NelsonMary Nelson
Position of compensated person
Average hours per week working for org   4.005.00
Reportable compensation from org   $1,600.00$5,300.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Olson, Owen
TitleCHAIRMANChairDirector(Jan-Mar)/Chair (April-Dec)Director(Jan-Mar)/Chairman(Mar-Dec)Secretary
Name of key/compensated personOWEN OLSONOwen OlsonOwen OlsonOwen OlsonOwen Olson
Position of compensated person
Average hours per week working for org4.004.004.006.005.00
Reportable compensation from org$5,300.00$5,300.00$5,300.00$5,300.00$5,300.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Orman, Gary
Title    Director
Name of key/compensated person    Gary Orman
Position of compensated person
Average hours per week working for org    6.00
Reportable compensation from org    $1,600.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Radenz, Mary
Title   Mortgage Loan Manager 
Name of key/compensated person   Mary Radenz 
Position of compensated person
Highest compensated employees (>$100k)   True 
Average hours per week working for org   45.00 
Reportable compensation from org   $104,466.00 
Other comp, non-reportable, from org and related orgs   $25,404.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Rinkenberger, Sean
TitleCFO    
Name of key/compensated personSEAN RINKENBERGER    
Position of compensated person
Average hours per week working for org45.00    
Reportable compensation from org$100,729.00    
Other comp, non-reportable, from org and related orgs$25,965.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Rogers, David
TitleFORMER CFOChief Financial OfficerChief Financial OfficerCFOCFO
Name of key/compensated personDAVID ROGERSDavid RogersDavid RogersDavid RogersDavid Rogers
Position of compensated person
Average hours per week working for org45.0045.0050.0050.0050.00
Reportable compensation from org$142,919.00$138,907.00$137,720.00$134,512.00$116,741.00
Other comp, non-reportable, from org and related orgs$20,872.00$41,092.00$34,931.00$29,847.00$10,139.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Samuelson, V
Title    Director
Name of key/compensated person    V Allen Samuelson
Position of compensated person
Average hours per week working for org    5.00
Reportable compensation from org    $1,600.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Schmitz, Steve
TitleCEOPresident & CEOPresident & CEOPresident & CEOCEO
Name of key/compensated personSTEVE SCHMITZSteve SchmitzSteve SchmitzSteve SchmitzSteve Schmitz
Position of compensated person
Average hours per week working for org45.0045.0055.0055.0055.00
Reportable compensation from org$288,345.00$257,874.00$234,658.00$214,765.00$162,851.00
Other comp, non-reportable, from org and related orgs$36,400.00$59,288.00$62,429.00$64,523.00$43,343.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Vollrath, Jim
TitleCHIEF TECHNOLOGY OFFICERVP, Information TechnologyVP, Information TechnologyVP, Information Technology 
Name of key/compensated personJIM VOLLRATHJim VollrathJim VollrathJim Vollrath 
Position of compensated person
Highest compensated employees (>$100k)TrueTrueTrueTrue 
Average hours per week working for org45.0045.0050.0050.00 
Reportable compensation from org$120,869.00$114,037.00$106,983.00$108,620.00 
Other comp, non-reportable, from org and related orgs$34,146.00$48,093.00$48,710.00$45,130.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Wagenast, Colin
Title Director   
Name of key/compensated person Colin Wagenast   
Position of compensated person
Average hours per week working for org 4.00   
Reportable compensation from org $5,300.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Waldock, Andy
Title   VP, Business Lending 
Name of key/compensated person   Andy Waldock 
Position of compensated person
Highest compensated employees (>$100k)   True 
Average hours per week working for org   50.00 
Reportable compensation from org   $111,417.00 
Other comp, non-reportable, from org and related orgs   $55,634.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Watne, Mark
TitleDIRECTORDirectorDirectorDirector 
Name of key/compensated personMARK WATNEMark WatneMark WatneMark Watne 
Position of compensated person
Average hours per week working for org4.004.004.004.00 
Reportable compensation from org$5,300.00$5,300.00$5,300.00$4,100.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Wegenast, Colin
TitleDIRECTOR DirectorDirectorDirector
Name of key/compensated personCOLIN WEGENAST Colin WegenastColin WegenastColin Wegenast
Position of compensated person
Average hours per week working for org4.00 4.004.005.00
Reportable compensation from org$5,300.00 $5,300.00$5,300.00$5,300.00
Other comp, non-reportable, from org and related orgs$0.00 $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 $0.00$0.00$0.00
Williams, Chad
TitleBRANCH MANAGER    
Name of key/compensated personCHAD WILLIAMS    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org45.00    
Reportable compensation from org$156,659.00    
Other comp, non-reportable, from org and related orgs$23,417.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Zachrison, Sharman
TitleDIRECTORDirectorDirectorDirectorDirector
Name of key/compensated personSHARMAN ZACHRISONSharman ZachrisonSharman ZachrisonSharman ZachrisonSharman Zachrison
Position of compensated person
Average hours per week working for org4.004.004.004.005.00
Reportable compensation from org$5,300.00$5,300.00$5,300.00$5,300.00$3,700.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesFIRST COMMUNITY CREDIT UNION PROMOTES THRIFT AND PROVIDES A SOURCE OF CREDIT TO ITS MEMBERS.First Community Credit Union promotes thrift and provides a source of credit to its members.First Community Credit Union promotes thrift and provides a source of credit to its members.First Community Credit Union promotes thrift and provides a source of credit for its members.First Community Credit Union promotes thrift and provides a source of credit for its members.
Programs, including revenue & expenses
FURNISHING COOPERATIVE FINANCIAL SERVICES TO MEMBERS AS A STATE-CHARTERED CREDIT UNION.
Program descriptionFURNISHING COOPERATIVE FINANCIAL SERVICES TO MEMBERS AS A STATE-CHARTERED CREDIT UNION.Furnishing cooperative financial services to members as a state-chartered credit union.Furnishing cooperative financial services to members as a state-chartered credit union.Furnishing cooperative financial services to members as a state-chartered credit union.Furnishing cooperative financial services to members as a state-chartered credit union.
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.
Program descriptionPROVIDING 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 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 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 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 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.
Program descriptionPROVIDING LOANS TO MEMBERS FOR PROVIDENT PURPOSES, THEREBY HELPING TO STABILIZE THE CREDIT STRUCTURE OF THE UNITED STATES.Providing loans to members for provident purposes, thereby helping to stabilize the credit structure of the United States.Providing loans to members for provident purposes, thereby helping to stabilize the credit structure of the United States.Providing loans to members for provident purposes, thereby helping to stabilize the credit structure of the United States.Providing loans to members for provident purposes, thereby helping to stabilize the credit structure of the United States.
Financial data
Revenue
Total revenue$28,979,708.00$28,720,275.00$26,095,516.00$25,148,181.00$24,276,426.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$756,183.00$458,131.00$529,147.00$776,918.00$509,647.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$30,535.00$41,523.00$37,263.00$32,473.00$204,167.00
Other revenue, current yr$292,987.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00-$143,482.00
Program service revenue (total)$27,930,538.00$28,262,144.00$25,566,369.00$24,371,263.00$23,766,779.00
Gross receipts$28,979,708.00$28,720,275.00$26,095,516.00$25,148,181.00$24,276,426.00
Other types of revenue
Miscellaneous revenue (total)$139,860.00    
Income from dividends, interest, and similar investments$701,030.00$458,131.00$529,147.00$776,918.00$509,647.00
Net rental income$153,127.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$21,779,515.00$21,231,834.00$20,158,389.00$18,313,278.00$17,550,267.00
Fees for services
Legal fees (total)$56,218.00$46,500.00$59,467.00$43,751.00$44,655.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$567,043,264.00$544,040,067.00$516,299,138.00$474,165,366.00$435,102,304.00
Total assets, beginning of year$544,040,067.00$516,299,138.00$474,165,366.00$435,102,304.00$382,579,235.00
Total liabilities$489,978,990.00$474,002,015.00$453,887,971.00$420,104,022.00$386,699,786.00
Total liabilities, beginning of year$474,002,015.00$453,887,971.00$420,104,022.00$386,699,786.00$340,932,902.00
Net assets$77,064,274.00$70,038,052.00$62,411,167.00$54,061,344.00$48,402,518.00
Net assets, beginning of year$70,038,052.00$62,411,167.00$54,061,344.00$48,402,518.00$41,646,333.00
Other liabilities$482,056,345.00$459,404,600.00$425,478,362.00$384,046,133.00$363,199,570.00
Intangible assets  $17,069.00 $4,099.00
Other assets$10,690,465.00$12,310,039.00$11,793,065.00$6,431,453.00$5,129,534.00
Investments: other securities$3,189,497.00$3,202,089.00$3,845,701.00$4,043,522.00$3,399,309.00
Investments: publicly traded securities$44,289,011.00$32,363,621.00$27,879,624.00$39,463,593.00$27,282,423.00
Cash: non-interest bearing$16,299,708.00$7,525,054.00$9,662,146.00$6,996,396.00$3,723,320.00
Cash: non-interest bearing, beginning of year$7,525,054.00$9,662,146.00$6,996,396.00$3,723,320.00$3,321,517.00
Other financial variables
Revenue less expenses$7,200,193.00$7,488,441.00$5,937,127.00$6,834,903.00$6,726,159.00
Advertising (total)$686,606.00$650,138.00$586,070.00$708,491.00$480,472.00
Savings & temp cash investment$15,419,009.00$19,856,827.00$16,385,294.00$15,777,931.00$18,022,707.00
Prepaid expenses & deferred charges$1,374,919.00$491,799.00$394,439.00$426,840.00$317,048.00
Accounts payable & accrued expenses$3,622,645.00$3,209,415.00$2,852,608.00$2,873,151.00$5,193,218.00
Secured mortgages and notes payable$4,300,000.00$11,388,000.00$25,557,001.00$33,184,738.00$18,306,998.00
Total net assets or fund balances$77,064,274.00$70,038,052.00$62,411,167.00$54,061,344.00$48,402,518.00
Depreciation, depletion, amortization$812,452.00$846,828.00$826,912.00$823,258.00$861,757.00
Governance and accountability
Number of voting members77779
Number of independent voting members77779
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Has local chaptersTrueTrueTrueTrueTrue
Indicators for schedules (selected)
Org has controlled entityTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-082017-04-032016-02-052014-12-292014-01-03
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201723199349306697201623199349310067201523139349302862201443189349304689201313199349304196
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