2025-11-13T13:08:11-06:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 941541515 COMMUNITY FIRST CREDIT UNION COMM 7075432639 1105 N DUTTON AVE SANTA ROSA CA 95401 FITZGERALD REYES CFO 7075432639 2025-11-12 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z SCOTT JOHNSON 1105 N DUTTON AVE SANTA ROSA CA 95401 47791718 0 X WWW.COMFIRSTCU.ORG X CREDIT UNION 1959 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 8 8 194 13 212759 0 0 0 37803041 39606655 5695839 8185063 0 0 43498880 47791718 121238 12000 0 0 15384028 15457728 0 0 0 24736711 29198176 40241977 44667904 3256903 3123814 816808644 805920075 742727654 727846875 74080990 78073200 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 2024. 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 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 10770 0 1 194 1 1 1 0 0 0 0 0 0 0 X 8 8 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 MARRIANNE MCBRIDE VICE CHAIR 1.00 X 0 0 0 BRIAN COCHRAN TREASURER 1.00 X 0 0 0 JASON SCOTT SECRETARY 1.00 X 0 0 0 MEDHANE KIDANE DIRECTOR 1.00 X 0 0 0 KRISTEN MADSEN DIRECTOR 1.00 X 0 0 0 TINA RIVERA DIRECTOR 1.00 X 0 0 0 JENNIFER WEISS DIRECTOR 1.00 X 0 0 0 ZHAO CHO QIU SUPV CMTE CHAIR 1.00 X 0 0 0 ROY DAJALOS SUPV CMTE SECRETARY 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 665924 0 61013 FITZGERALD REYES CFO 40.00 X 280801 0 48244 MONIKA BESANCON COO 40.00 X 273966 0 37584 CARY SHUMWAY CLO 40.00 X 250698 0 23868 ANDREW DICKHUT CMO 40.00 X 225991 0 32291 CHRISTOPHER KRAEMER CIO 40.00 X 159415 0 37867 SARA GRIGGS CPO 40.00 X 158791 0 28815 MARIO CARRANZA VP CONSUMER LENDING 40.00 X 171195 0 18388 KATRICE COLLINS VP MORTGAGE LENDING 40.00 X 167393 0 8943 JOHN PETERSON AVP BRANCH INFRASTRUCTURE 40.00 X 157600 0 33639 ROSARIO HEXT VP DIGITAL BANKING 40.00 X 141737 0 0 MARGARET MCCAULEY AVP FINANCE 40.00 X 140702 0 28637 2794213 0 359289 27 0 1 0 FIS 601 RIVERSIDE AVE JACKSONVILLE FL 32204 DEBIT CARD SERVICES 1718511 ALKAMI TECHNOLOGY DEPT 2223 PO BOX 122223 DALLAS TX 753122223 DIGITAL BANKING 740809 PSCU PO BOX 749439 ATLANTA GA 303749439 CREDIT CARD SERVICES 409097 FINANCIAL TECHNOLOGY SOLUTIONS INTERNATI 406 E HUNTINGTON DR SUITE 100 MONROVIA CA 910163638 ATM MAINTENANCE 344972 CORELATION INC 2305 HISTORIC DECATUR ROAD STE 300 SAN DIEGO CA 92106 CORE DATA PROCESSING 271477 24 INTEREST IN LOANS 522100 31689106 31689106 FEE INCOME 522100 3976630 3763871 212759 OTHER INCOME 522100 3940919 3940919 39606655 8185063 8185063 47791718 47578959 212759 0 12000 2794213 9796888 415668 1581890 869069 161440 199380 1295034 505885 4837737 207884 1477509 182378 12845145 1273972 CREDIT LOSS EXPENSE 4117981 LOAN SEVICING EXPENSE 1088966 MISCELLANEOUS NON INTER 901667 OPERATING FEES 103198 44667904 10041685 9063034 101494936 107756612 2365197 10566857 998027 1100753 26092762 16082823 10866394 10009939 62904822 55539431 602543068 576003780 3158110 3055420 22436405 32824249 816808644 805920075 10019120 8552992 732708534 719293883 742727654 727846875 X 0 0 0 0 74080990 78073200 74080990 78073200 816808644 805920075 X 3123814 879198 -10802 X X 0 1 X 1 0 2789470 2789470 9855607 5357625 4497982 4361444 3086562 1274882 9086241 7638636 1447605 10009939 DEPOSITS IN COMMERCIAL BANK 250000 C PAID IN CAPITAL 691871 C ALL OTHER INVESTMENTS 3981490 F NET LOANS AND LEASES 564451039 C NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 6629380 C 576003780 MEMBER SHARES OF ALL TYPES 719288675 ALLOWANCE FOR CREDIT LOSSES 5208 719293883 X 47791718 0 47791718 0 47791718 44667904 0 44667904 0 44667904 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 0 SCHOLARSHIPS 11 12000 FMV SCHEDULE I, PART III, COLUMN B: 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 1 0 SCOTT JOHNSON CEO 560083 0 94000 0 11841 0 25988 0 35025 0 726937 0 0 0 FITZGERALD REYES CFO 262877 0 17484 0 440 0 13219 0 35025 0 329045 0 0 0 MONIKA BESANCON COO 255819 0 15597 0 2550 0 13485 0 24099 0 311550 0 0 0 CARY SHUMWAY CLO 235662 0 14505 0 531 0 12570 0 11298 0 274566 0 0 0 ANDREW DICKHUT CMO 211432 0 14042 0 517 0 11954 0 20337 0 258282 0 0 0 CHRISTOPHER KRAEMER CIO 146291 0 9702 0 3422 0 9347 0 28520 0 197282 0 0 0 SARA GRIGGS CPO 148883 0 9691 0 217 0 9098 0 19717 0 187606 0 0 0 MARIO CARRANZA VP CONSUMER LENDING 158642 0 9267 0 3286 0 7090 0 11298 0 189583 0 0 0 KATRICE COLLINS VP MORTGAGE LENDING 156738 0 9716 0 939 0 8943 0 0 0 176336 0 0 0 JOHN PETERSON AVP BRANCH INFRASTRUCTURE 146704 0 9486 0 1410 0 8782 0 24857 0 191239 0 0 0 MARGARET MCCAULEY AVP FINANCE 131080 0 8372 0 1250 0 7839 0 20798 0 169339 0 0 0 PART I, LINE 4B THE CREDIT UNION ENTERED INTO COLLATERAL ASSIGNMENT SPLIT-DOLLAR AGREEMENTS WITH CERTAIN CREDIT UNION EXECUTIVES UNDER TREASURY REGULATION 1.7872-15(E)(5)(II). THE AGREEMENTS INVOLVE A METHOD OF PAYING FOR INSURANCE COVERAGE FOR THE EXECUTIVES BY SPLITTING THE ELEMENTS OF THE LIFE INSURANCE POLICIES. UNDER THESE AGREEMENTS, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS PAID ON BEHALF OF THE EXECUTIVE PLUS ACCRUED INTEREST AT A SPECIFIED RATE. HOWEVER, THE EXECUTIVE IS NOT PERSONALLY RESPONSIBLE FOR ANY REPAYMENT OF THE LOAN. THUS, SUCH AGREEMENTS ARE RECORDED AT THEIR CASH SURRENDER VALUE. INCOME RECOGNIZED UNDER THESE AGREEMENTS IS INCLUDED IN NON-INTEREST INCOME IN THE STATEMENTS OF INCOME. AT THE TIME OF DEATH, THE CREDIT UNION WILL BE PAID THE LOAN AMOUNT PLUS ACCRUED INTEREST AND THE BALANCE OF THE INSURANCE BENEFITS WILL BE PAID TO THE EXECUTIVE'S DESIGNATED BENEFICIARY. THE TOTAL LOAN BALANCE UNDER THIS AGREEMENT WAS APPROXIMATELY $9,961,000 AND $1,202,000 AS OF DECEMBER 31, 2024 AND 2023, RESPECTIVELY. MONIKA BESANCON KEY EMPLOYEE 1ST MORTGAGE X 485000 435011 0 1 1 SCOTT JOHNSON OFFICER 1ST MORTGAGE X 910000 852393 0 1 1 CHRISTOPHER KRAEMER KEY EMPLOYEE 1ST MORTGAGE X 231000 182417 0 1 1 CHRISTOPHER KRAEMER KEY EMPLOYEE INDIRECT AUTO LOAN X 19719 6369 0 1 1 CHRISTOPHER KRAEMER KEY EMPLOYEE INDIRECT AUTO LOAN X 24125 18259 0 1 1 KATRICE COLLINS HCE 1ST MORTGAGE X 300000 217301 0 1 1 KATRICE COLLINS HCE FIXED RATE SECOND MORTGAGE X 125000 107658 0 1 1 KATRICE COLLINS HCE INDIRECT AUTO LOAN X 64395 63752 0 1 1 SCOTT JOHNSON OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 8646700 8683697 0 1 1 10566857 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 VI, LINES 1A AND 1B: THE BOARD FOR COMMUNITY FIRST CREDIT UNION HAD AN OPEN SEAT AS OF 12-31-2024. THE OPEN SEAT WAS FILLED IN MAY 2025. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -10,802. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.