2024-10-30T15:02:27-05:00 2023-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2023-01-01 941541515 COMMUNITY FIRST CREDIT UNION COMM 7075432639 1105 N DUTTON AVE SANTA ROSA CA 95401 FITZGERALD REYES CFO 7075432639 2024-10-25 1 1 VALENTINO CREUS CPA P01054153 8189549700 2023 2024-10-15 13:58:12Z SCOTT JOHNSON 1105 N DUTTON AVE SANTA ROSA CA 95401 43498880 0 X WWW.COMFIRSTCU.ORG X X CREDIT UNION 1959 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 203 14 177907 0 0 0 34372878 37803041 2200085 5695839 193173 0 36766136 43498880 0 121238 0 0 14918851 15384028 0 0 0 13287919 24736711 28206770 40241977 8559366 3256903 823669192 816808644 751566671 742727654 72102521 74080990 X COMMUNITY FIRST CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, COMMUNITY FIRST CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 CFCU WAS NAMED ONE OF "THE BEST PLACES TO WORK" BY NORTH BAY BUSINESS JOURNAL! THE E-CONVENIENCES WE PIONEERED SET US APART AS THE TOP LOCALLY BASED BANK OR CU. OUR MOBILE BANKING APPLICATION WAS UPDATED IN 2023. WITH US YOU CAN ENJOY CONTACTLESS CARDS, DIGITAL CHAT, SMARTPHONE APP, AND COMPLETE SPANISH LANGUAGE SITE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 11292 0 1 203 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X X FITZGERALD REYES 7075432608 1105 N DUTTON AVE SANTA ROSA CA 95401 CAROLYN WELCH CHAIR 1.00 X 0 0 0 JASON SCOTT VICE CHAIR 1.00 X 0 0 0 BRIAN COCHRAN TREASURER 1.00 X 0 0 0 CAREL VAN DEN HEUVEL SECRETARY 1.00 X 0 0 0 MARRIANNE MCBRIDE DIRECTOR 1.00 X 0 0 0 ARLENE COLOMBINI DIRECTOR 1.00 X 0 0 0 JOHN C BURKE DIRECTOR 1.00 X 0 0 0 ROBERT SCOTT DIRECTOR 1.00 X 0 0 0 TINA RIVERA DIRECTOR 1.00 X 0 0 0 ZHAO CHO QIU SUPV CMTE CHAIR 1.00 X 0 0 0 ROY DAJALOS SUPV CMTE MEMBER 1.00 X 0 0 0 KATHLEEN DE CHADENEDES SUPV CMTE MEMBER 1.00 X 0 0 0 CHRISTINE HAGGARTY SUPV CMTE MEMBER 1.00 X 0 0 0 DAVID WILLIAMS SUPV CMTE MEMBER 1.00 X 0 0 0 SCOTT JOHNSON CEO 40.00 X 560305 0 45316 FITZGERALD REYES CFO 40.00 X 281902 0 48057 MONIKA BESANCON COO 40.00 X 257111 0 36220 ANDREW DICKHUT CMO 40.00 X 232887 0 26949 JAY HUFFORD FORMER CRO 40.00 X 180520 0 9019 CARY SHUMWAY CLO 40.00 X 168210 0 12078 SARA GRIGGS CPO 40.00 X 159511 0 21237 CHRISTOPHER KRAEMER CIO 40.00 X 157246 0 36800 KATRICE COLLINS VP MORTGAGE LENDING 40.00 X 165080 0 10478 JOHN PETERSON AVP BRANCH INFRASTRUCTURE 40.00 X 157893 0 33205 MARIO CARRANZA VP CONSUMER LENDING 40.00 X 154520 0 18780 ROSARIO GARZA VP DIGITAL BANKING 40.00 X 139023 0 10271 KERRIE CHAMBERS DIRECTOR MORTGAGE SALES 40.00 X 133887 0 25829 2748095 0 334239 31 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 DEBIT CARD SERVICES 1557695 BAYCREATIVE INC 660 4TH STREET SUITE 619 SAN FRANCISCO CA 94107 MARKETING 715484 FINANCIAL TECHNOLOGY SOLUTIONS INTERNATI 406 E HUNTINGTON DR SUITE 100 MONROVIA CA 91016 ATM MAINTENANCE 465171 BUSINESS DATA INC 321 N OAK STREET INGLEWOOD CA 90302 STATEMENT MAILING 341066 ALKAMI TECHNOLOGY DEPT 2223 PO BOX 122223 DALLAS TX 75312 DIGITAL BANKING 333828 23 INTEREST IN LOANS 522100 29678361 29678361 FEE INCOME 522100 4121561 3943654 177907 OTHER INCOME 522100 4003119 4003119 37803041 5695839 5695839 43498880 43320973 177907 0 110238 11000 2748095 9905391 423931 1461453 845158 130166 115118 1245836 628929 4169293 245835 1472935 184370 8485959 1296471 CREDIT LOSS EXPENSE 5165484 LOAN SEVICING EXPENSE 836065 MISCELLANEOUS NON INTER 658547 OPERATING FEES 101703 40241977 10820905 10041685 51672021 101494936 0 2365197 904148 998027 25756076 14889682 11214374 10866394 78753800 62904822 644759980 602543068 3304814 3158110 22239150 22436405 823669192 816808644 9951723 10019120 741614948 732708534 751566671 742727654 X 0 0 0 0 72102521 74080990 72102521 74080990 823669192 816808644 X 3256903 1517136 -2795570 X X 0 1 X 1 0 2789470 2789470 10106042 5071873 5034169 4361444 2837168 1524276 8499120 6980641 1518479 10866394 DEPOSITS IN COMMERCIAL BANK 2000000 C PAID IN CAPITAL 698019 C ALL OTHER INVESTMENTS 3871267 F NET LOANS AND LEASES 589226847 C NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 6746935 C 602543068 MEMBER SHARES OF ALL TYPES 732703326 ALLOWANCE FOR CREDIT LOSSES 5208 732708534 X 43498881 0 43498881 0 43498881 40241976 0 40241976 0 40241976 PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD SHOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. 1 SONOMA COUNTY BICYCLE COALITION PO BOX 3088 SANTA ROSA CA 95402 680467440 501(C)(3) 10000 0 FMV PROMOTING BICYCLING AS A CENTRAL SOLUTION TO MANY OF THE ENVIRONMENTAL, HEALTH AND SOCIAL PROBLEMS FACING OUR COMMUNITY. 1 0 SCHOLARSHIPS 8 11000 FMV THE ARLENE COLOMBINI SCHOLARSHIP IS OPEN TO ALL GRADUATING HIGH SCHOOL SENIORS IN OUR FIVE-COUNTY AREA. TO APPLY, STUDENTS NEED TO HAVE A MINIMUM 3.0 GPA AND SUBMIT A PERSONAL STATEMENT OUTLINING THEIR CAREER GOALS. EACH BRANCH THEN REVIEWS THE APPLICATIONS FROM STUDENTS IN THEIR AREA AND SELECTS THEIR FAVORITE APPLICANT. THE GIRL EFFECT SCHOLARSHIP IS OPEN TO ALL GRADUATING HS SENIOR GIRLS WHO POSSESS AN ENTREPRENEURIAL SPIRIT. APPLICANTS MUST SUBMIT A RESUME, HS TRANSCRIPTS, AND A 500-WORD ESSAY THAT TELLS US ABOUT THEIR ENTREPRENEURIAL SPIRIT, HOW IT HAS BEEN HARNESSED IN THEIR LIFE, AND HOW IT CAN OR HAS BENEFITTED THEIR COMMUNITY. WE HAVE A PANEL OF LOCAL WOMEN BUSINESS LEADERS WHO THEN REVIEW THE APPLICATIONS AND PICK THEIR TOP TWO CANDIDATES. X X 0 0 0 SCOTT JOHNSON CEO 451983 0 100000 0 8322 0 13475 0 31841 0 605621 0 0 0 FITZGERALD REYES CFO 257580 0 23886 0 436 0 16216 0 31841 0 329959 0 0 0 MONIKA BESANCON COO 235366 0 19292 0 2453 0 15091 0 21129 0 293331 0 0 0 ANDREW DICKHUT CMO 213443 0 19104 0 340 0 14721 0 12228 0 259836 0 0 0 JAY HUFFORD FORMER CRO 164268 0 14984 0 1268 0 9019 0 0 0 189539 0 0 0 CARY SHUMWAY CLO 163108 0 4792 0 310 0 7199 0 4879 0 180288 0 0 0 SARA GRIGGS CPO 146190 0 13106 0 215 0 10386 0 10851 0 180748 0 0 0 CHRISTOPHER KRAEMER CIO 143407 0 13517 0 322 0 10873 0 25927 0 194046 0 0 0 KATRICE COLLINS VP MORTGAGE LENDING 151556 0 13030 0 494 0 10478 0 0 0 175558 0 0 0 JOHN PETERSON AVP BRANCH INFRASTRUCTURE 143826 0 13160 0 907 0 10608 0 22597 0 191098 0 0 0 MARIO CARRANZA VP CONSUMER LENDING 142486 0 11752 0 282 0 8509 0 10271 0 173300 0 0 0 KERRIE CHAMBERS DIRECTOR MORTGAGE SALES 122505 0 10990 0 392 0 8542 0 17287 0 159716 0 0 0 MONIKA BESANCON KEY EMPLOYEE DIRECT RV AND TRAILER X 53000 4989 0 1 1 MONIKA BESANCON KEY EMPLOYEE 1ST MORTGAGE X 485000 445860 0 1 1 SARA GRIGGS KEY EMPLOYEE INDIRECT AUTO LOAN X 21396 13126 0 1 1 SCOTT JOHNSON OFFICER 1ST MORTGAGE X 910000 870571 0 1 1 CHRISTOPHER KRAEMER KEY EMPLOYEE 1ST MORTGAGE X 231000 193943 0 1 1 CHRISTOPHER KRAEMER KEY EMPLOYEE INDIRECT AUTO LOAN X 19719 10380 0 1 1 CHRISTOPHER KRAEMER KEY EMPLOYEE INDIRECT AUTO LOAN X 24125 23172 0 1 1 KERRIE CHAMBERS HCE DIRECT USED AUTO LOAN 15 X 26689 22599 0 1 1 KERRIE CHAMBERS HCE FIRST MORTGAGE X 436000 392517 0 1 1 KERRIE CHAMBERS HCE PRIME PLUS HELOC X 74973 29973 0 1 1 KATRICE COLLINS HCE FIRST MORTGAGE X 300000 237177 0 1 1 KATRICE COLLINS HCE FIXED RATE SECOND MORTGAGE X 125000 115698 0 1 1 JOHN PETERSON HCE PRIME PLUS HELOC X 50000 5192 0 1 1 2365197 FORM 990, PART VI, SECTION A, LINE 6 COMMUNITY FIRST CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. COMMUNITY FIRST CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF COMMUNITY FIRST CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE ELECTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATION AS IN THE CASE OF A DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE CEO & CFO REVIEW THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS ARE REQUIRED TO SUBMIT A REPORT OF THEIR BUSINESS ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 15 INDUSTRY SALARY SURVEYS ARE OBTAINED. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE ON THE WEBSITE OR UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -43,223. CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) -2,752,347. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.