2020-10-27T08:34:42-05:00 2019-12-31 450310328 BRADY MARTZ & ASSOCIATES PC POST OFFICE BOX 848 MINOT ND 587020848 990 2019-01-01 450226664 FIRST COMMUNITY CREDIT UNION FIRS 7012535119 PO BOX 2180 JAMESTOWN ND 58401 SEAN RINKENBERGER CFO 7012535119 2020-08-11 1 RYAN E BAKKE CPA P01086599 7018520196 2020-08-11 24.230.153.18 2020-08-11 11:54:35 CD P BB2BF1521AD80A1BBC01767B196AD29783EFBCD0 BFE1CC91D054D62DF11F344652A4E0351E223FF9 2019 2021-04-22 16:20:28Z STEVE SCHMITZ PO BOX 2180 JAMESTOWN ND 58401 47098566 0 X WWW.MYFCCU.COM X 1939 ND FIRST COMMUNITY CREDIT UNION PROMOTES THRIFT AND PROVIDES A SOURCE OF CREDIT TO ITS MEMBERS. 7 7 316 0 34437 0 0 0 42776931 44286075 1990967 2483564 72732 328927 44840630 47098566 0 0 0 0 17364862 18673533 0 0 0 20095283 20164667 37460145 38838200 7380485 8260366 827278460 851824528 720948976 735228053 106329484 116596475 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 11420 0 1 316 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 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 382127 0 43200 SEAN RINKENBERGER CFO 45.00 X 150883 0 31075 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 45.00 X 191853 0 26877 DARIN FINCK CHIEF LENDING OFFICER 45.00 X 204733 0 42588 STEVE DAVIS SVP/REGIONAL SENIOR CREDIT 45.00 X 178046 0 16983 JERRY JANZ VP/REGIONAL SENIOR CREDIT 45.00 X 156262 0 24696 MICHAEL HEIDT VP/REGIONAL SENIOR CREDIT 45.00 X 177877 0 22265 1478881 0 207684 25 0 1 0 HILLERUD CONSTRUCTIONS INC 1008 2ND AVE SE JAMESTOWN ND 584021165 1719575 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 656473 ADAMS DEVELOPMENT CO 501 40TH ST S FARGO ND 58103 600086 CUNA MUTUAL GROUP PO BOX 2964 MILWAUKEE WI 532012964 386206 TF POWERS 910 6TH AVE N FARGO ND 58102 381016 5 MEMBER INTEREST INCOME 522100 35615335 35615335 SERVICE CHARGES & FEES 522100 5449392 5414955 34437 OTHER FEES 522100 3221348 3221348 44286075 2390158 2390158 177788 0 177788 177788 177788 40843 52563 0 0 40843 52563 93406 93406 OTHER INVESTMENT INCOME 522100 151139 151139 151139 47098566 44251638 34437 2812491 570110 13443097 1242201 2363494 1054631 226759 158317 353822 1368299 1990862 1031746 2269225 303041 5846047 1511290 MEMBER SERVICE 2964462 PROVISION FOR LOAN LOSS 1540000 LOAN SERVICE & COLLECTI 504748 MERGER EXPENSES 96049 38838200 9967201 21930881 17628000 10829024 4200000 4009597 673875298 667431233 1852430 1675352 40448633 11688414 24626781 28760219 1288700 990900 65178704 87422228 1123693 1026066 27537653 27749028 827278460 851824528 5890345 6807651 8100000 10915 706958631 728409487 720948976 735228053 X 0 0 0 0 106329484 116596475 106329484 116596475 827278460 851824528 8260366 2006625 0 X 0 1 X 1 0 7051425 7051425 25801907 7045714 18756193 6600919 4507259 2093660 994382 135441 858941 28760219 NEGOTIABLE CERTIFICATES OF DEPOSIT 5275496 F OBLIGATIONS OF STATE AND POLITICAL SUB-DIVISIONS 7794002 F AGENCY/GSE-GUARANTEED SECURITIES 3125041 F AGENCY/GSE-GUARANTEED SECURITIES-MORTGAGE BACKED 69979605 F MUTUAL FUNDS 1240236 F MONEY MARKET FUNDS 7848 F 87422228 MEMBERS SHARES AND SAVINGS ACCOUNTS 728409487 728409487 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 320000 0 54683 0 7444 0 37000 0 6200 0 425327 0 0 0 SEAN RINKENBERGER CFO 138667 0 11943 0 273 0 17680 0 13395 0 181958 0 0 0 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 176156 0 14480 0 1217 0 19430 0 7447 0 218730 0 0 0 DARIN FINCK CHIEF LENDING OFFICER 186382 0 14671 0 3680 0 34128 0 8460 0 247321 0 0 0 STEVE DAVIS SVP/REGIONAL SENIOR CREDIT 165000 0 8802 0 4244 0 16983 0 0 0 195029 0 0 0 JERRY JANZ VP/REGIONAL SENIOR CREDIT 141956 0 12042 0 2264 0 16449 0 8247 0 180958 0 0 0 MICHAEL HEIDT VP/REGIONAL SENIOR CREDIT 161734 0 14587 0 1556 0 12656 0 9609 0 200142 0 0 0 STEVE SCHMITZ CEO SPLIT-DOLLAR LIFE INSURANCE X 3200000 3207679 0 1 1 SEAN RINKENBERGER CFO SPLIT-DOLLAR LIFE INSURANCE X 800000 801918 0 1 1 4009597 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 213930 1248089 FIRST COMMUNITY CREDIT UNION FIRST COMMMUNITY SERVICES INC PO BOX 2180 JAMESTOWN ND 584022180 450362535 REAL ESTATE SALES ND FIRST COMMUNITY CREDIT UNION C 214556 1797051 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0