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Nonprofit · EIN 86-0100904

FIRST CREDIT UNION

Tax-exempt · CHANDLER, AZ 85225

Financials

$39.3M$35.3M2023$50.4M$42.7M2024
Revenue Expenses · by fiscal year end
Financials of FIRST CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$50,404,499$42,745,872$7,658,627$735,111,582$679,292,182$55,819,400
December 31, 2023990$39,282,064$35,297,564$3,984,500$703,838,970$658,111,321$45,727,649
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$31,740,826
Investment income
$18,652,229
Net rental income
$11,444
Net gain from sales of assets
$6,879,035
Other revenue
$11,444

Expenses

Grants and similar amounts paid
$67,906
Benefits paid to members
$7,156,697
Compensation of officers, directors and key employees
$2,814,401
Other salaries and wages
$7,976,882
Salaries, compensation and benefits (total)
$13,432,586
Professional fundraising fees
$0
Legal fees
$43,114
Accounting fees
$71,228
Occupancy
$1,737,366
Travel
$209,672
Depreciation
$1,094,580

Balance sheet and other

Total assets, start of year
$703,838,970
Total assets, end of year
$735,111,582
Total liabilities, end of year
$679,292,182
Net assets, end of year
$55,819,400
Land, buildings and equipment
$12,830,600
Publicly traded securities
$167,704,555
Gross unrelated business income
$470,905
Gross receipts
$50,949,894
Employees
192
Volunteers
10
Year formed
1929
State of legal domicile
AZ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAY CURTISPRESIDENT/CEO/BOARD MEMBER
Trustee or director, Officer
40$887,423$66,518
DOUGLAS ALLDREDGECFO
Officer
40$458,193$70,063
HEIDI KIMCXO
Officer
40$409,887$72,032
THOMAS GESSELCNO
Officer
40$339,946$63,521
LORI GALLEGOSFORMER EVP (THRU 3/31/2023)
Former
0$244,846$40,877
BENJAMIN RICKSVP/IT
Key employee
40$200,462$49,304
SCOT GILBREATHVP/RE LENDING
Highest-paid employee
40$185,298$41,120
CHANTEL CAMPBELLVP/FINANCE
Key employee
40$150,449$46,602
LISA PETERSVP/COMPLIANCE & RISK
Highest-paid employee
40$155,229$29,905
KRISTIN PARKERVP/CREDIT ADMINISTRATION
Highest-paid employee
40$146,492$37,725
ROBERT GAGEIT MANAGER
Highest-paid employee
40$117,213$23,209
LETICIA KAUFMANDIRECTOR OF CREDIT MANAGEMENT
Highest-paid employee
40$120,297$8,352
CARYN HORVITZ-STRAUSSBOARD CHAIR
Trustee or director, Officer
1$0$0
RUSS PUCKETTVICE CHAIR
Trustee or director, Officer
1$0$0
BEN TANTREASURER
Trustee or director, Officer
1$0$0
3 more people on this return
NameTitleHours / weekCompensation
KENNETH MULLINSSECRETARY
Trustee or director, Officer
1$0
WILLIAM JIMRODIRECTOR
Trustee or director
1$0
BARRY SCHLEGELDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
JAY CURTISPRESIDENT/CEO/BOARD MEMBER
Trustee or director, Officer
40$902,183$141,173
DOUGLAS ALLDREDGECFO
Officer
40$318,748$98,595
LORI GALLEGOSEVP (THRU 3/31/2023)
Officer
40$344,153$60,063
THOMAS GESSELCNO
Officer
40$314,866$73,591
HEIDI KIMCXO
Officer
40$277,370$76,837
BENJAMIN RICKSVP/IT
Key employee
40$183,295$38,405
SCOT GILBREATHVP/RE LENDING
Highest-paid employee
40$177,689$31,231
LISA PETERSVP/COMPLIANCE & RISK
Highest-paid employee
40$155,229$20,241
CHANTEL CAMPBELLVP/FINANCE
Highest-paid employee
40$139,407$33,435
THOMAS WASSONCLO (THRU 4/26/2023)
Highest-paid employee
40$105,735$66,606
KRISTIN PARKERAVP/LENDING
Highest-paid employee
40$128,862$15,909
CARYN HORVITZ-STRAUSSBOARD CHAIR
Trustee or director, Officer
1$5,577$0
BEN TANTREASURER
Trustee or director, Officer
1$4,436$0
RUSS PUCKETTVICE CHAIR
Trustee or director, Officer
1$0$0
KENNETH MULLINSSECRETARY
Trustee or director, Officer
1$0$0
WILLIAM JIMRODIRECTOR
Trustee or director
1$0$0
BARRY SCHLEGELDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
25 S ARIZONA PL STE 111, CHANDLER, AZ 85225-5537
In care of
% JAY CURTIS PRES CEO
Mailing address (990-N for 2009)
3601 S 6th AVENUE, TUCSON AZ 85723
Principal officer (990 for 2024)
JAY CURTIS, 25 SOUTH ARIZONA PLACE 111, CHANDLER, AZ 85225
Principal officer (990-N for 2009)
CAROLYN BERNHEIM, 3601 S 6TH AVENUE, TUCSON AZ 85723
Signed the 990
JAY CURTIS, PRESIDENT & CEO
Phone
(480) 756-5500
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

NON-PROFIT COOPERATIVE THAT PROVIDES BANKING AND OTHER FINANCIAL SERVICES TO ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • FIRST CREDIT UNION WORKED TO GIVE BACK TO THE COMMUNITIES IT SERVES THROUGH LOWER FEES, BETTER RATES, BY IMPROVING ITS TECHNOLOGY PLATFORMS, BY PROVIDING FINANCIAL EDUCATION TO STUDENTS IN LOCAL SCHOOLS, BY WORKING WITH OUR MEMBERS TO RAISE MONEY AND SUPPLIES TO CHARITABLE CAUSES, AND BY WORKING TO IMPROVE OUR FINANCIAL SERVICES OFFERINGS TO OUR MEMBERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-0100904
Tax-exempt status
501(c)(14): State-chartered credit union
Exempt since
1970
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$735,111,582
Income (IRS master file)
$50,949,894

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$50,404,499$42,745,872$735,111,582XML
990December 2023$39,282,064$35,297,564$703,838,970XML
990December 2022$30,610,743$25,835,411$711,017,037IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2009
Officer: CAROLYN BERNHEIM
December 31, 2009≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0100904).

Questions about FIRST CREDIT UNION

What is the EIN of FIRST CREDIT UNION?
The employer identification number (EIN) of FIRST CREDIT UNION is 86-0100904.
Is FIRST CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1970.
Which annual return does FIRST CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FIRST CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FIRST CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FIRST CREDIT UNION?
The 990 for the year ended December 31, 2024 names JAY CURTIS.
Who are the officers and directors of FIRST CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 18 people; 12 received compensation from the organization, the highest $887,423 (JAY CURTIS, PRESIDENT/CEO/BOARD MEMBER).
How much revenue does FIRST CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $50,404,499, expenses of $42,745,872 and total assets of $735,111,582 at year end.

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