FIRST COMMUNITY CREDIT UNION (EIN 741212168) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Principal Officer

TJ Tijerina

Phone

2818565300

Tax Period

2023-01-01 to 2023-12-31

FIRST COMMUNITY CREDIT UNION, founded in 1952, is a major nonprofit that reported $143.5M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $131.7M left a modest 8% surplus.

Mission

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.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $122,408,878

Investment Income $21,104,505

Other Revenue $0

TOTAL REVENUE $143,513,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,047,893

Fundraising Expenses $0

Program Expenses $0

Other Expenses $98,636,473

TOTAL EXPENSES $131,684,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,513,383	$98,421,005	+0.5%
Expenses	$131,684,366	$78,155,153	+0.7%
Net Income	$11,829,017	$20,265,852	-0.4%

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

Governance

Voting Members

Independent Members

Employees

524

Volunteers

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

$2,828,247

Total Directors

$103,000

Key Employees

$1,022,614

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rene Tijerina	CEO	55	Officer	$758,482	$0	$758,482
Keith R Domingue	EVP/CFO	55	Officer	$431,532	$0	$431,532
Randal Ward	Executive VP Lending	55	Officer	$328,790	$0	$328,790
Rito Garza	EVP	55	Officer	$316,592	$0	$316,592
Jennifer Kilgore	Executive Vice President	55	Officer	$315,097	$0	$315,097
Brian Turpen	VP	45	Highest	$264,087	$0	$264,087
George Cheairs	Senior Vice President	50	Key Emp	$256,309	$0	$256,309
Larry Hook	Senior Vice President	50	Key Emp	$237,167	$0	$237,167
Sravan Vinjamuri	Executive Vice President	55	Officer	$233,812	$0	$233,812
Arthur Gordon	EVP	55	Officer	$229,230	$0	$229,230
Yalni Rodgers	Mortgage Loan Officer	55	Highest	$223,748	$0	$223,748
Catherine Rigby	EVP	55	Officer	$214,712	$0	$214,712
Velsie Borja	SVP	50	Key Emp	$190,980	$0	$190,980
Jessie Rocha	Vice President	45	Highest	$180,827	$0	$180,827
Tricia Smith	Sr VP Accounting	50	Key Emp	$178,645	$0	$178,645
Darrell Storrs	Vice President	45	Highest	$167,884	$0	$167,884
Ariadna Diaz	Mortgage Loan Officer	45	Highest	$162,498	$0	$162,498
Jill Vinson	Vice President	45	Highest	$160,682	$0	$160,682
Lee Strickhouser	SVP	50	Key Emp	$159,513	$0	$159,513
Doug Wilcher	Chairman	2	Director	$18,000	$0	$18,000
Scott Clanton	Director	2	Director	$15,000	$0	$15,000
Bob Schumacher	Director	2	Director	$15,000	$0	$15,000
Julie Eisenhauer	Director	2	Director	$13,750	$0	$13,750
Sally Moseley	Secretary	2	Director	$13,750	$0	$13,750
Martin Miracle	Vice chairman	2	Director	$13,750	$0	$13,750
Steven Walker	Treasurer	2	Director	$13,750	$0	$13,750

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	$143,513,383	$131,684,366	$2,507,984,781	$11,829,017
2022	$98,421,005	$78,155,153	$2,224,499,367	$20,265,852
2021	$83,936,302	$66,038,224	$1,964,514,771	$17,898,078
2020	$78,841,838	$67,695,355	$1,792,099,234	$11,146,483
2019	$81,762,460	$69,164,469	$1,541,379,016	$12,597,991
2018	$76,871,635	$60,000,481	$1,423,471,394	$16,871,154

FIRST COMMUNITY CREDIT UNION