2025-11-14T08:18:37-06:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 848 MINOT ND 587020848 990 2024-01-01 450226664 FIRST COMMUNITY CREDIT UNION FIRS 7012535119 PO BOX 2180 JAMESTOWN ND 58401 SEAN RINKENBERGER CFO 7012535119 2025-11-07 1 1 RYAN E BAKKE CPA P01086599 7018520196 2025-11-07 2024 2025-03-06 01:10:19Z STEVE SCHMITZ PO BOX 2180 JAMESTOWN ND 58401 76737494 0 X WWW.MYFCCU.COM X 1939 ND STRENGTHEN COMMUNITY BY HELPING MEMBERS GROW & THRIVE 7 7 332 0 32652 0 0 0 59286665 66328936 6053022 9725216 643600 679101 65983287 76733253 0 0 0 0 22877265 24054406 0 0 0 32517218 44225151 55394483 68279557 10588804 8453696 1316792423 1327869515 1178863517 1180731607 137928906 147137908 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 14804 0 1 332 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 DOUGLAS KALIANOFF DIRECTOR 4.00 X 7200 0 0 CHRIS AARHUS DIRECTOR 4.00 X 7200 0 0 STEVE SCHMITZ CEO 45.00 X 523395 0 55630 SEAN RINKENBERGER CFO 45.00 X 242612 0 54558 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 45.00 X 278164 0 36514 DARIN FINCK CHIEF LENDING OFFICER 45.00 X 273490 0 45921 STEVE DAVIS SVP MORTGAGE LENDING 45.00 X 243381 0 24646 JAMES VOLLRATH CHIEF TECHNOLOGY OFFICER 45.00 X 211205 0 49922 STEPHANIE FINCK COO 45.00 X 214845 0 43468 2037492 0 310659 44 0 1 0 PSCUVELERA 580 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT/DEBIT CARD PROCESSOR 2131090 HILLERUD CONSTRUCTION INC 1008 2ND AVE SE PO BOX 1165 JAMESTOWN ND 584021165 BUILDING CONTRACTOR 1883088 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING PROVIDER 469826 FISERV PO BOX 208457 DALLAS TX 753208457 MEMBER ACCOUNT SERVICE 380498 STRATEGIC RESOURCE MANAGEMENT INC 5100 POPLAR AVE STE 2500 MEMPHIS TN 38137 GROWTH CONSULTING 351371 29 MEMBER INTEREST INCOME 522100 54595662 54595662 SERVICE CHARGES & FEES 522100 8106143 8073491 32652 OTHER FEES 522100 3627131 3627131 66328936 9675860 9675860 318025 0 318025 318025 318025 53597 4241 0 -4241 53597 49356 49356 CHANGE IN UNREALIZED GAIN (LOSS) 522100 361076 361076 361076 76733253 66296284 32652 10404317 816408 17430914 999386 3517264 1290434 88936 165983 788542 1453132 1869343 1461404 1950165 168385 28284533 2105698 MEMBER SERVICE 5099709 LOAN SERVICE & COLLECTI 502688 PROVISION FOR LOAN LOSS 165000 EMPLOYEE TRAINING 121633 68279557 57034483 8562329 22984816 19587787 4654128 4775004 945936859 987325653 4661423 2695050 58372400 18083247 39687924 40289153 2517600 4525400 205583773 224483123 33731417 35626016 1316792423 1327869515 11537248 12793931 145037108 83013983 1022289161 1084923693 1178863517 1180731607 X 0 0 0 0 137928906 147137908 137928906 147137908 1316792423 1327869515 8453696 755306 0 X X 0 1 X 1 0 7525568 7525568 41532810 11671500 29861310 8569132 6127532 2441600 744890 284215 460675 40289153 AGENCY/GSE-GUARANTEED SECURITIES 15979101 F AGENCY/GSE-GUARANTEED SECURITIES-MORTGAGE BACKED 177211817 F MONEY MARKET FUNDS 49078 F MUTUAL FUNDS 1306565 F NEGOTIABLE CERTIFICATES OF DEPOSIT 4043916 F OBLIGATIONS OF STATE AND POLITICAL SUB-DIVISIONS 17537333 F US GOVERNMENT AGENCY SECURITIES 2545930 F CHARITABLE DONATION ACCOUNT 5809383 F 224483123 MEMBERS SHARES AND SAVINGS ACCOUNTS 1081285495 LEASE LIABILITY 2250227 LIABILITY FOR UNFUNDED LOAN COMMITMENTS 1387971 1084923693 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 1 0 STEVE SCHMITZ CEO 448869 0 59298 0 15228 0 41287 0 14343 0 579025 0 0 0 DARIN FINCK CHIEF LENDING OFFICER 245785 0 22195 0 5510 0 34625 0 11296 0 319411 0 0 0 CRAIG GRUNDSTROM CHIEF DEVELOPMENT OFFICER 249731 0 21564 0 6869 0 36514 0 0 0 314678 0 0 0 SEAN RINKENBERGER CFO 214817 0 24119 0 3676 0 28827 0 25731 0 297170 0 0 0 STEVE DAVIS SVP MORTGAGE LENDING 217231 0 19281 0 6869 0 24646 0 0 0 268027 0 0 0 JAMES VOLLRATH CHIEF TECHNOLOGY OFFICER 189823 0 17530 0 3852 0 29324 0 20598 0 261127 0 0 0 STEPHANIE FINCK COO 192898 0 18473 0 3474 0 25920 0 17548 0 258313 0 0 0 STEVE SCHMITZ CEO SPLIT-DOLLAR LIFE INSURANCE X 3200000 3820003 0 1 1 SEAN RINKENBERGER CFO SPLIT-DOLLAR LIFE INSURANCE X 800000 955001 0 1 1 4775004 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FIRST COMMUNITY SCHOLARSHIPS LLC PO BOX 2180 JAMESTOWN ND 584022180 462642954 COLLEGE SCHOLARSHIPS ND 122086 1356650 FIRST COMMUNITY CREDIT UNION