2023-11-02T08:01:36-05:00 2022-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 848 MINOT ND 587020848 990 2022-01-01 450226664 FIRST COMMUNITY CREDIT UNION FIRS 7012535119 PO BOX 2180 JAMESTOWN ND 58401 SEAN RINKENBERGER CFO 7012535119 2023-11-02 1 SEAN RINKENBERGER XXX-XX-XXXX 0 RYAN E BAKKE CPA P01086599 7018520196 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE SCHMITZ PO BOX 2180 JAMESTOWN ND 58401 53050912 0 X WWW.MYFCCU.COM X 1939 ND FIRST COMMUNITY CREDIT UNION PROMOTES THRIFT AND PROVIDES A SOURCE OF CREDIT TO ITS MEMBERS. 7 7 327 0 41723 0 0 0 46176295 45952660 4056710 5932621 201723 -15953 50434728 51869328 0 0 0 0 20694524 22568825 0 0 0 17006025 18855149 37700549 41423974 12734179 10445354 1060866226 1195741212 923698336 1070946411 137167890 124794801 TO PROVIDE INDIVIDUALIZED FINANCIAL SOLUTIONS FOR OUR MEMBERS THROUGH COMPETITIVE PRODUCTS AND WELL-TRAINED AND EMPOWERED EMPLOYEES. 0 0 FURNISHING COOPERATIVE FINANCIAL SERVICES TO MEMBERS AS A STATE-CHARTERED CREDIT UNION. PROVIDING FINANCIAL PRODUCTS SUCH AS SAVINGS AND CHECKING ACCOUNTS, IRA ACCOUNTS, CERTIFICATES OF DEPOSIT, CONSUMER LOANS, HOME MORTGAGE LOANS, AND SMALL BUSINESS LOANS TO MEMBERS WITHIN OUR FIELD OF MEMBERSHIP. PROVIDING LOANS TO MEMBERS FOR PROVIDENT PURPOSES, THEREBY HELPING TO STABILIZE THE CREDIT STRUCTURE OF THE UNITED STATES. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 12659 0 1 327 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 1 1 1 1 1 0 ND X SEAN RINKENBERGER 7012535119 PO BOX 2180 JAMESTOWN ND 58401 OWEN OLSON CHAIRMAN 4.00 X X 7200 0 0 COLIN WEGENAST DIRECTOR 4.00 X 7200 0 0 BONNIE NELSON SECRETARY 4.00 X X 7200 0 0 SHARMAN ZACHRISON DIRECTOR 4.00 X 7200 0 0 MARK WATNE DIRECTOR 4.00 X 7200 0 0 SANDRA FRANKE DIRECTOR 4.00 X 7200 0 0 DOUGLAS KALIANOFF DIRECTOR 1.00 X 5400 0 0 STEVE SCHMITZ CEO 45.00 X 461010 0 42840 SEAN RINKENBERGER CFO 45.00 X 207135 0 49207 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 45.00 X 227160 0 49835 DARIN FINCK CHIEF LENDING OFFICER 45.00 X 243113 0 41713 BRIAN OLSON SENIOR AG LOAN OFFICER 45.00 X 226407 0 28331 STEVE DAVIS SVP/REGIONAL SENIOR CREDIT 43.00 X 219284 0 18614 JAMES VOLLRATH CHIEF TECHNOLOGY OFFICER 45.00 X 192534 0 41851 1825243 0 272391 36 0 1 0 WILD CRG 500 2ND AVE N STE 514 FARGO ND 58102 ARCHITECT AND BUILDING CONTRACTOR 2372005 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT AND CREDIT CARD PROCESSOR 1995162 HILLERUD CONSTRUCTION INC 1008 2ND AVE SE PO BOX 1165 JAMESTOWN ND 584021165 BUILDING CONTRACTOR 1009713 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING PROVIDER 760873 FISERV PO BOX 208457 DALLAS TX 753208457 MEMBER ACCOUNT SERVICE 431540 24 MEMBER INTEREST INCOME 522100 34148678 34148678 SERVICE CHARGES & FEES 522100 7772195 7730472 41723 OTHER FEES 522100 4031787 4031787 45952660 4606938 4606938 178840 0 178840 178840 178840 10639 2496628 182 1181402 10457 1315226 1325683 1325683 CHANGE IN UNREALIZED GAIN (LOSS) 522100 -194793 -194793 -194793 51869328 45910937 41723 5916668 718544 16578190 1191944 2871168 1208979 31243 184971 364603 1468020 1114840 1638948 2593661 244957 4186373 1662531 MEMBER SERVICE 4284173 PROVISION FOR LOAN LOSS 560000 LOAN SERVICE & COLLECTI 520829 41423974 21064343 7921524 19636484 23506072 4422096 4536629 728938862 864588801 1730069 2051621 53513401 14483984 35503812 39029417 1136700 4613100 222065989 217147422 26367871 32346626 1060866226 1195741212 6085016 6879552 83556122 917613320 980510737 923698336 1070946411 X 0 0 0 0 137167890 124794801 137167890 124794801 1060866226 1195741212 X 10445354 -27185780 4367337 X 0 1 X 1 0 7535668 7535668 36590855 8855368 27735487 8056684 5394846 2661838 1330194 233770 1096424 39029417 AGENCY/GSE-GUARANTEED SECURITIES 3458588 F AGENCY/GSE-GUARANTEED SECURITIES-MORTGAGE BACKED 184839044 F MONEY MARKET FUNDS 4528 F MUTUAL FUNDS 1163236 F NEGOTIABLE CERTIFICATES OF DEPOSIT 3719961 F OBLIGATIONS OF STATE AND POLITICAL SUB-DIVISIONS 18134301 F US GOVERNMENT AGENCY SECURITIES 2255082 F CHARITABLE DONATION ACCOUNT 3572682 F 217147422 MEMBERS SHARES AND SAVINGS ACCOUNTS 978001887 LEASE LIABILITY 2508850 980510737 X PART X, LINE 2: THE CREDIT UNION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE CREDIT UNION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE CREDIT UNION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED FILINGS ARE UP TO DATE. X 1 1 X X 0 0 0 STEVE SCHMITZ CEO 380247 0 57014 0 23749 0 36640 0 6200 0 503850 0 0 0 DARIN FINCK CHIEF LENDING OFFICER 210170 0 28819 0 4124 0 31489 0 10224 0 284826 0 0 0 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 197744 0 28420 0 996 0 27255 0 22580 0 276995 0 0 0 SEAN RINKENBERGER CFO 178402 0 25691 0 3042 0 22079 0 27128 0 256342 0 0 0 BRIAN OLSON SENIOR AG LOAN OFFICER 134820 0 91281 0 306 0 5751 0 22580 0 254738 0 0 0 STEVE DAVIS SVP/REGIONAL SENIOR CREDIT 189422 0 25527 0 4335 0 18614 0 0 0 237898 0 0 0 JAMES VOLLRATH CHIEF TECHNOLOGY OFFICER 163629 0 22996 0 5909 0 26978 0 14873 0 234385 0 0 0 STEVE SCHMITZ CEO SPLIT-DOLLAR LIFE INSURANCE X 3200000 3629303 0 1 1 SEAN RINKENBERGER CFO SPLIT-DOLLAR LIFE INSURANCE X 800000 907326 0 1 1 4536629 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE NO CLASSES OF MEMBERS. EVERYONE WHO JOINS THE CREDIT UNION BECOMES A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS MAY VOTE FOR THEIR PREFERRED CANDIDATE(S) FOR THE BOARD OF DIRECTORS. ELECTIONS ARE HELD ANNUALLY TO FILL EXPIRING TERMS. FORM 990, PART VI, SECTION A, LINE 7B BYLAW CHANGES AND MERGER DECISIONS REQUIRE THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CFO AND THE ACCOUNTING DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL CREDIT UNION EMPLOYEES, OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS ARE REQUIRED TO ATTEST TO THEIR COMPLIANCE WITH THE CREDIT UNION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS AND APPROVES CEO COMPENSATION USING AN OUTSIDE COMPENSATION SERVICE AND THE BOARD'S EVALUATION OF THE CEO'S PERFORMANCE. OTHER SENIOR LEVEL EMPLOYEES ARE EVALUATED BY THE CEO, USING AN OUTSIDE COMPENSATION SERVICE AND THE CEO'S EVALUATION OF PERFORMANCE. THE REVIEW PROCESS IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY ACQUIRED DUE TO ELM RIVER MERGER 4,367,337. FIRST COMMUNITY SCHOLARSHIPS LLC PO BOX 2180 JAMESTOWN ND 584022180 462642954 COLLEGE SCHOLARSHIPS ND 127720 1168770 FIRST COMMUNITY CREDIT UNION