First Community Credit Union

EIN: 430687711

Chesterfield, MO

Total Revenue
$200,596,806
Total Expenses
$179,391,345
Total Assets
$4,162,421,333
Net Assets
$236,136,338
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
MO
Principal Officer
Glenn D Barks
Phone
6365374400
Tax Period
2023-01-01 to 2023-12-31

First Community Credit Union, founded in 1934, is a major nonprofit that reported $200.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $179.4M left a modest 11% surplus.

Mission

To be the member's primary financial institution by providing and promoting a full-range of services in a convenient, courteous and professional manner.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $177,289,952
Investment Income $23,306,854
Other Revenue $0
TOTAL REVENUE $200,596,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,209,319
Fundraising Expenses $0
Program Expenses $179,391,345
Other Expenses $130,182,026
TOTAL EXPENSES $179,391,345

Year-over-Year Comparison

2023 2022 Change
Revenue $200,596,806 $155,589,615 +0.3%
Expenses $179,391,345 $124,258,556 +0.4%
Net Income $21,205,461 $31,331,059 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
737
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$6,127,493
Total Directors
7
$2,734,038
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glenn D Barks President 37.5
Officer Director
$2,491,298 $230,805 $2,722,103
Joy Weeks Senior Vice President of Lending 37.5
Officer
$605,536 $213,492 $819,028
Philip Hanna Senior Vice President/CFO 37.5
Officer
$366,604 $160,742 $527,346
Kristen Bland Senior Vice President of Administration 37.5
Officer
$281,944 $93,381 $375,325
Cindy Evans Senior Vice President of Branch Administration 37.5
Officer
$241,407 $110,085 $351,492
David Hudson Vice President of Information Technology 37.5
Officer
$255,919 $78,879 $334,798
Laura Alfeldt Senior Vice President of Communications and Public Relations 37.5
Officer
$207,732 $88,614 $296,346
Thomas Thornton Vice-President of Investment Services 37.5
Highest
$212,127 $61,693 $273,820
David Caster Vice President of Risk 37.5
Officer
$194,667 $76,238 $270,905
Tim Bowman Vice President of IT 37.5
Officer
$174,800 $53,351 $228,151
Julie Carmody Vice President of Human Resources 37.5
Officer
$144,296 $57,703 $201,999
Aaron Chapman Assistant Vice President of Lending 37.5
Highest
$136,804 $29,039 $165,843
Derek Smith Assistant Vice-President of Collections 37.5
Highest
$121,677 $40,500 $162,177
Joe Radeke Assistant Vice-President of Indirect Lending 37.5
Highest
$133,404 $28,365 $161,769
Nicole Tucker Branch Coordinator 37.5
Highest
$122,535 $32,231 $154,766
Stephen Morgenthaler Senior Vice President of Finance/Board Member 1.0
Director
$11,935 $0 $11,935
David Treat Vice Chairman 1.0
Director
$0 $0 $0
Ernest Trakas Treasurer 1.0
Director
$0 $0 $0
Karen Emert Secretary 1
Director
$0 $0 $0
Sharon Hudson Board Member 1.0
Director
$0 $0 $0
Fred Zinn Board Member 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $200,596,806 $179,391,345 $4,162,421,333 $21,205,461
2022 $155,589,615 $124,258,556 $3,867,569,361 $31,331,059
2021 $137,096,676 $111,920,627 $3,831,491,779 $25,176,049
2020 $140,260,035 $117,282,497 $3,410,288,301 $22,977,538
2019 $134,147,474 $117,992,996 $2,775,327,270 $16,154,478
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