WACO, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FIRST CENTRAL CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $16.2M in total revenue in fiscal year 2024. Expenses of $14.6M left a modest 10% surplus.
FIRST CENTRAL CREDIT UNION IS A FINANCIAL INSTITUTION, SPECIFICALLY A CREDIT UNION WHICH IS A COOPERATIVE PROVIDER OF FINANCIAL SERVICES TO OUR MEMBERS. FIRST CENTRAL CREDIT UNION IS COMMITTED TO PROVIDING SECURE, COMPETITIVE FINANCIAL SERVICES, DEDICATED TO OFFERING THE BEST POSSIBLE BENEFITS TO OUR MEMBERS, AND TO MAKING A DIFFERENCE IN THE COMMUNITIES WE SERVE WHILE CONTINUING TO BUILD CAPITAL RESERVES THROUGH INNOVATIVE AND SOUND BUSINESS PRACTICES. FIRST CENTRAL CREDIT UNION IS A STATE OF TEXAS CHARTERED CREDIT UNION AND A MEMBER OF CUNA. WE ARE ALSO DESIGNATED AS "JUNTOS AVANZAMOS" BY CORNERSTONE CREDIT UNION LEAGUE WHICH SIGNIFIES THAT FIRST CENTRAL HAS A LONG TERM VISION AND COMMITMENT TO SERVING THE NEEDS OF THE HISPANIC MARKET. IN 2018 FIRST CENTRAL CREDIT UNION WAS AWARDED CERTIFICATION AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE US DEPARTMENT OF THE TREASURY.
MEMBER LOANS: FIRST CENTRAL CREDIT UNION PROVIDES VEHICLE LOANS, SIGNATURE LOANS, HOME EQUITY LOANS, REAL ESTATE LOANS, AND CREDIT CARDS. WE UTILIZE VERY EFFICIENT UNDER WRITING PROCEDURES TO PROVIDE...
MEMBER LOANS: FIRST CENTRAL CREDIT UNION PROVIDES VEHICLE LOANS, SIGNATURE LOANS, HOME EQUITY LOANS, REAL ESTATE LOANS, AND CREDIT CARDS. WE UTILIZE VERY EFFICIENT UNDER WRITING PROCEDURES TO PROVIDE REASONABLE AND COMPETITIVE RATES TO OUR MEMBERS.
CHECKING ACCOUNTS: FIRST CENTRAL CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FREE CHECKING ACCOUNTS TO THOSE WITH ENHANCED BENEFITS SUCH AS CHECKING ACCOUNTS WITH...
CHECKING ACCOUNTS: FIRST CENTRAL CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FREE CHECKING ACCOUNTS TO THOSE WITH ENHANCED BENEFITS SUCH AS CHECKING ACCOUNTS WITH MONTHLY REWARDS. WE DO OFFER CHECKING ACCOUNTS THAT PAY DIVIDENDS MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND FREE USE OF BILL PAY. OVER 74% OF THE CREDIT UNION'S MEMBERS HAVE A CHECKING ACCOUNT. FIRST CENTRAL CREDIT UNION ALSO OFFERS MONEY MARKET ACCOUNTS.
SHARE ACCOUNTS: FIRST CENTRAL CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 20,037 MEMBER OWNED ACCOUNTS AS OF DECEMBER 31, 2024. MEMBER SAVINGS ACCOUNTS...
SHARE ACCOUNTS: FIRST CENTRAL CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 20,037 MEMBER OWNED ACCOUNTS AS OF DECEMBER 31, 2024. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY. FIRST CENTRAL CREDIT UNION OFFERS ACCESS THROUGH BRANCHES AT DIFFERENT LOCATIONS, HOME BANKING VIA THE INTERNET, TELEPHONE, AND ATM MACHINES WORLDWIDE. WE OFFER SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SPENDING HABITS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $16,211,380 | $15,479,340 | +0.0% |
| Expenses | $14,606,563 | $11,738,290 | +0.2% |
| Net Income | $1,604,817 | $3,741,050 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JO BETSY TYLER | PRESIDENT/CEO | 40 |
Officer
|
$347,628 | $15,221 | $362,849 |
| SHELLI McCOY | CHIEF RETAIL OFFICER | 40 |
Highest
|
$147,445 | $16,383 | $163,828 |
| RACHAEL BOSSE | SENIOR LENDING MANAGER | 40 |
Highest
|
$140,337 | $16,341 | $156,678 |
| ORLANDO RODRIGUEZ JR | SENIOR ACCOUNTING AND IT MANAGER | 40 |
Highest
|
$130,886 | $15,466 | $146,352 |
| LINDA GUNN | SENIOR HR & TRAINING MANAGER | 40 |
Highest
|
$101,514 | $14,158 | $115,672 |
| NICHOLAS COOK | SENIOR IT MANAGER | 40 |
Highest
|
$100,484 | $14,115 | $114,599 |
| LORI ALAMBAR | CHAIRMAN | 1 |
Director
|
$0 | $0 | $0 |
| VICKI DECKARD | VICE-CHAIRMAN | 1 |
Director
|
$0 | $0 | $0 |
| CHERYL GRAVES | SECRETARY/TREASURER | 1 |
Director
|
$0 | $0 | $0 |
| ELIO SMYTHE | DIRECTOR | 1 |
Director
|
$0 | $0 | $0 |
| DAN DENT | DIRECTOR | 1 |
Director
|
$0 | $0 | $0 |
| JOSHUA REYES | DIRECTOR | 1 |
Director
|
$0 | $0 | $0 |
| GLENN WILLIAMSON | DIRECTOR | 1 |
Director
|
$0 | $0 | $0 |
| LORI DELEON | DIRECTOR | 1 |
Director
|
$0 | $0 | $0 |
| ASIA HOWARD | DIRECTOR | 1 |
Director
|
$0 | $0 | $0 |
| RONNIE JONES | DIRECTOR | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $16,211,380 | $14,606,563 | $168,623,164 | $1,604,817 |
| 2023 | $15,479,340 | $11,738,290 | $166,079,617 | $3,741,050 |
| 2022 | $11,296,325 | $9,450,076 | $148,590,492 | $1,846,249 |
| 2021 | $12,212,863 | $9,860,833 | $142,192,635 | $2,352,030 |
| 2021 | $12,212,863 | $9,860,833 | $142,192,635 | $2,352,030 |
| 2020 | $10,064,237 | $7,841,684 | $122,786,509 | $2,222,553 |
Compare FIRST CENTRAL CREDIT UNION with other nonprofits in Texas and across the country.