2021-11-12T16:36:08-06:00 2020-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 848 MINOT ND 587020848 990 2020-01-01 450226664 FIRST COMMUNITY CREDIT UNION FIRS 7012535119 PO BOX 2180 JAMESTOWN ND 58401 SEAN RINKENBERGER CFO 7012535119 2021-11-12 1 SEAN RINKENBERGER XXX-XX-XXXX RYAN E BAKKE CPA P01086599 7018520196 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEVE SCHMITZ PO BOX 2180 JAMESTOWN ND 58401 50297598 0 X WWW.MYFCCU.COM X 1939 ND FIRST COMMUNITY CREDIT UNION PROMOTES THRIFT AND PROVIDES A SOURCE OF CREDIT TO ITS MEMBERS. 7 7 305 0 38477 0 0 0 44286075 46676659 2483564 2168884 328927 224578 47098566 49070121 0 0 0 0 18673533 19740306 0 0 0 20164667 19923546 38838200 39663852 8260366 9406269 851824528 946751216 735228053 817522511 116596475 129228705 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 1 1 0 0 1 12569 0 1 305 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 0 1 1 1 1 0 ND X SEAN RINKENBERGER 7012535119 PO BOX 2180 JAMESTOWN ND 58401 DAYNE HEADLAND DIRECTOR 4.00 X 5300 0 0 OWEN OLSON CHAIRMAN 4.00 X X 5300 0 0 COLIN WEGENAST DIRECTOR 4.00 X 5300 0 0 BONNIE NELSON SECRETARY 4.00 X X 5300 0 0 SHARMAN ZACHRISON DIRECTOR 4.00 X 5300 0 0 MARK WATNE DIRECTOR 4.00 X 5300 0 0 SANDRA FRANKE DIRECTOR 4.00 X 5300 0 0 STEVE SCHMITZ CEO 45.00 X 404167 0 43667 SEAN RINKENBERGER CFO 45.00 X 160675 0 44890 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 45.00 X 198572 0 46044 DARIN FINCK CHIEF LENDING OFFICER 45.00 X 213842 0 32488 JEREMY LINDELL MORTGAGE LOAN OFFICER 50.00 X 431155 0 14913 DARIN ENGSTROM MORTGAGE LOAN OFFICER 46.00 X 322650 0 18491 TANYA NENOW MORTGAGE LOAN OFFICER 43.00 X 200103 0 20210 1968264 0 220703 29 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT AND CREDIT CARD PROCESSOR 1646989 TF POWERS 910 6TH AVE N FARGO ND 58102 BUILDING CONTRACTOR 1438789 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING PROVIDER 732017 WILD CRG 500 2ND AVE N STE 514 FARGO ND 58102 ARCHITECT AND BUILDING CONTRACTOR 570287 GRANITE RE INC 14001 QUAILBROOK DRIVE OKLAHOMA CITY OK 73134 SETTLEMENT PAYMENT 385000 5 MEMBER INTEREST INCOME 522100 32890179 32890179 OTHER FEES 522100 7433434 7433434 SERVICE CHARGES & FEES 522100 6353046 6314569 38477 46676659 2519743 2519743 220756 0 220756 220756 220756 2100 874518 0 1227477 2100 -352959 -350859 -350859 OTHER INVESTMENT INCOME 522100 3822 3822 3822 49070121 46638182 38477 2393462 601942 14448787 1474082 2305237 910258 199563 185685 451275 1112214 2014448 1341563 1989908 130893 4749787 1607878 MEMBER SERVICE 3339780 PROVISION FOR LOAN LOSS 2155000 LOAN SERVICE & COLLECTI 645552 39663852 21930881 21032004 10829024 15015240 4009597 4028504 667431233 670014606 1675352 1765891 43068008 12482366 28760219 30585642 990900 1020300 87422228 177224513 1026066 928438 27749028 25136078 851824528 946751216 6807651 5958095 10915 0 728409487 811564416 735228053 817522511 X 0 0 0 0 116596475 129228705 116596475 129228705 851824528 946751216 9406269 3225961 0 X 0 1 X 1 0 7485072 7485072 27059414 7633821 19425593 6679050 4701377 1977673 1844472 147168 1697304 30585642 AGENCY/GSE-GUARANTEED SECURITIES 4267722 F AGENCY/GSE-GUARANTEED SECURITIES-MORTGAGE BACKED 154735310 F MONEY MARKET FUNDS 7213 F MUTUAL FUNDS 1225114 F NEGOTIABLE CERTIFICATES OF DEPOSIT 5129844 F OBLIGATIONS OF STATE AND POLITICAL SUB-DIVISIONS 11859310 F 177224513 MEMBERS SHARES AND SAVINGS ACCOUNTS 811564416 811564416 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 334543 0 56972 0 12652 0 37500 0 6167 0 447834 0 0 0 JEREMY LINDELL MORTGAGE LOAN OFFICER 72475 0 355305 0 3375 0 14913 0 0 0 446068 0 0 0 DARIN ENGSTROM MORTGAGE LOAN OFFICER 51726 0 267191 0 3733 0 13130 0 5361 0 341141 0 0 0 DARIN FINCK CHIEF LENDING OFFICER 189907 0 20160 0 3775 0 18228 0 14260 0 246330 0 0 0 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 179615 0 17991 0 966 0 37337 0 8707 0 244616 0 0 0 TANYA NENOW MORTGAGE LOAN OFFICER 48601 0 151475 0 27 0 11295 0 8915 0 220313 0 0 0 SEAN RINKENBERGER CFO 142445 0 15566 0 2664 0 22674 0 22216 0 205565 0 0 0 STEVE SCHMITZ CEO SPLIT-DOLLAR LIFE INSURANCE X 3200000 3222804 0 1 1 SEAN RINKENBERGER CFO SPLIT-DOLLAR LIFE INSURANCE X 800000 805700 0 1 1 4028504 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 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. FIRST COMMUNITY SCHOLARSHIPS LLC PO BOX 2180 JAMESTOWN ND 584022180 462642954 COLLEGE SCHOLARSHIPS ND 30968 1234332 FIRST COMMUNITY CREDIT UNION FIRST COMMMUNITY SERVICES INC PO BOX 2180 JAMESTOWN ND 584022180 450362535 REAL ESTATE SALES ND FIRST COMMUNITY CREDIT UNION C 7964 11766 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0