2025-11-17T18:14:00-06:00 2024-12-31 350921680 CROWE LLP 4801 OLYMPIA PARK PLAZA STE 4000 LOUISVILLE KY 402412098 990 2024-01-01 741212168 FIRST COMMUNITY CREDIT UNION FIRS 2818565300 PO BOX 840129 HOUSTON TX 772840129 EDGAR BARRAZA EVP/CFO 2818565300 2025-11-17 1 1 RACHEL SPURLOCK P01316095 5023263996 2025-11-17 2024 2025-03-06 01:10:19Z EDGAR BARRAZA 15260 FM 529 RD HOUSTON TX 77095 167548732 0 X FCCU.ORG X 1952 TX FIRST COMMUNITY CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION THAT OFFERS PRODUCTS AND SERVICES IN THESE PRIMARY AREAS FOR BOTH CONSUMERS AND BUSINESSES: SHARES/SAVINGS ACCOUNTS, CHECKING ACCOUNTS, CONSUMER AND COMMERCIAL LOANS, REAL ESTATE LOANS, BUSINESS LOANS, RETIREMENT INVESTING AND RELATED PRODUCTS. 7 7 416 7 32761 0 0 0 122408878 139742649 21104505 27631166 0 0 143513383 167373815 0 0 0 0 33047893 35009121 0 0 0 98636473 121130802 131684366 156139923 11829017 11233892 2507984781 2554931538 2342706511 2373498721 165278270 181432817 X COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES TO THOSE WHO LIVE OR WORK IN HARRIS, MONTGOMERY, AND FT BEND COUNTIES. AS A MEMBER OF THE NATIONAL CREDIT UNION INSURANCE FUND, THE CREDIT UNION IS REGULATED BY THE STATE OF TEXAS CREDIT UNION DEPT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION. 0 0 CHECKING ACCOUNTS - AVAILABLE FOR CONSUMERS AS WELL AS BUSINESSES WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. CHECKING ACCOUNTS HAVE BEEN DESIGNED TO MEET THE NEEDS OF ALL AGE GROUPS AND FINANCIAL STATUS. TEENAGER ACCOUNTS ARE AVAILABLE (WITH A PARENT OR GUARDIAN AS A JOINT SIGNER) TO BEGIN TEACHING PROPER MONEY MANAGEMENT SENIORS QUALIFY FOR OUR BEST CHECKING ACCOUNT AT A DISCOUNTED RATE. FRESH START CHECKING ACCOUNTS ARE AVAILABLE TO THOSE WHO WOULD NORMALLY BE UNABLE TO ESTABLISH A CHECKING ACCOUNT ELSEWHERE. HIGH YIELD MONEY MANAGEMENT ACCOUNTS ARE AVAILABLE TO THOSE WHO MAINTAIN HIGH BALANCES AND WISH TO EARN MONEY MARKET RATES. SMALL BUSINESSES CAN ALSO BENEFIT FROM ONE OF OUR THREE AFFORDABLE AND FLEXIBLE BUSINESS CHECKING ACCOUNTS. ADDITIONALLY, FCCU EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, FREE INTERNET ACCOUNT ACCESS, FREE ELECTRONIC BILL PAYER SERVICES AND FREE ELECTRONIC STATEMENTS. SOME CHECKING ACCOUNTS OFFER DIVIDENDS THAT ARE PAID MONTHLY. OVER 50% OF THE CREDIT UNION'S MEMBERS HAVE A CHECKING ACCOUNT. SAVINGS ACCOUNTS - OFFER ACCESS TO MEMBERS OF ALL AGES FROM YOUTH ACCOUNTS TO SENIOR ACCOUNTS. MEMBERSHIP MEANS ACCESS TO A VARIETY OF PRODUCTS AND SERVICES THAT CAN HELP BUILD A SOUND FINANCIAL FOUNDATION. MEMBERSHIP IS ALSO EXTENDED TO ALL FAMILY MEMBERS - SPOUSES, PARENTS, SIBLINGS, CHILDREN, GRANDPARENTS, COUSINS, AUNTS AND UNCLES. FCCU HAD OVER 182,645 MEMBER-OWNER ACCOUNTS AS OF 12/31/24 - EACH WITH A VOTE TO ELECT OUR VOLUNTARY BOARD OF DIRECTORS. ACCESS IS AVAILABLE THROUGH OUR 17 BRANCH NETWORK, HOME BANKING, PHONE APPS, 24/7 VOICE AND AUTOMATED PHONE CENTER, ATMS AS WELL AS THE SHARED-BRANCH NETWORK WORLDWIDE. SAVINGS ACCOUNTS ARE DESIGNED TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY. CONSUMER LOANS. FCCU PROVIDES A WIDE ARRAY OF CONSUMER LOAN PRODUCTS THROUGH AN EFFICIENT AND HIGHLY TRAINED UNDERWRITING PROCESS. THE CONSUMER LOAN PRODUCT LINE INCLUDES NEW AND USED AUTO LOANS, CREDIT CARDS, PERSONAL LOANS, MORTGAGE AND EQUITY LOANS, OTHER SECURED LOANS AND RECREATIONAL VEHICLES, BOATS AND MOTORCYCLES. ACCESS TO APPLY FOR A LOAN IS AVAILABLE THROUGH OUR BRANCH NETWORK OR 24/7 THROUGH OUR CALL CENTER OR ON-LINE AT OUR WEBSITE. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 33120 0 1 416 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 TX X EDGAR BARRAZA 2818565464 PO BOX 840129 HOUSTON TX 772840129 MARTIN MIRACLE CHAIRMAN 2.00 X 17250 0 0 SALLY MOSELEY VICE CHAIRMAN 2.00 X 15000 0 0 DR STEVEN WALKER TREASURER 2.00 X 15000 0 0 JULIA EISENHAUER SECRETARY 2.00 X 15000 0 0 ROBERT SCHUMACHER BOARD MEMBER 2.00 X 15000 0 0 SCOTT CLANTON BOARD MEMBER 2.00 X 15000 0 0 DOUG WILCHER BOARD MEMBER 2.00 X 15750 0 0 RENE TIJERINA CEO 55.00 X 823792 0 64298 KEITH DOMINGUE EVP/CFO 55.00 X 506838 0 59320 RANDAL W WARD EVP LENDING 55.00 X 358584 0 40973 RITO GARZA EVP 55.00 X 333934 0 47527 JENNIFER L KILGORE EVP 55.00 X 337810 0 45147 SRAVAN M VINJAMURI EVP 55.00 X 321294 0 39797 ARTHUR GORDON EVP 55.00 X 254306 0 50285 CATHERINE RIGBY EVP 55.00 X 253591 0 41376 EDGAR BARRAZA EVP/CFO 45.00 X 248166 0 176 GEORGE CHEAIRES JR SENIOR VP 55.00 X 193435 0 20635 LARRY HOOK SENIOR VP 55.00 X 221728 0 29189 VELSIE BORJA SENIOR VP 55.00 X 203095 0 28800 LEE STRICKHOUSER SENIOR VP 55.00 X 172768 0 45081 BRIAN TURPEN VP 45.00 X 322473 0 23479 WALTER WILKERSON III SENIOR VP 45.00 X 183691 0 23705 DARRELL STORRS VP 45.00 X 179316 0 23205 LANCE A MORGAN SENIOR VP 45.00 X 171286 0 35581 5194107 0 618574 42 1 1 0 BRANDT CONSTRUCTORS & FACILITY SERVICES PO BOX 38703 HOUSTON TX 77238 CONSTRUCTION 3673620 Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 FINANCIAL CONSULTING SERVICES 3195312 FISERV PO BOX 208457 DALLAS TX 75320 IT CONSULTING SERVICES 2530280 AMPLIFI LOYALTY SOLUTIONS 1240 EAST DIEHL ROAD SUITE 400 NAPERVILLE IL 60563 FINANCIAL CONSULTING SERVICES 1139856 EQUIPS PO BOX 427 MENOMONEE FALLS WI 53052 MAINTENANCE MANAGEMENT 888527 62 INTEREST ON LOANS 522130 103645683 103645683 LOAN FEE INCOME 522130 14214608 14214608 ATM INCOME 522130 12787198 12754437 32761 OTHER OPERATING REV. 522130 9095160 9095160 139742649 25358575 25358575 2447508 174917 2272591 2272591 2272591 167373815 139709888 32761 27631166 4849943 21344455 2345884 4265215 2203624 182460 149044 490226 3220840 12125116 10634224 3393709 291707 778493 64396175 5825128 424206 LOAN LOSSES PROVISION 13493611 EDUCATION 4984836 ASSOCIATION DUES 148468 592559 156139923 60584365 104689679 6479455 8056609 1940245088 1945867670 5104955 14078257 140488220 54701354 78175026 85786866 365268953 346176747 52126939 50275710 2507984781 2554931538 45404754 24910416 370500000 359000000 1926801757 1989588305 2342706511 2373498721 X 0 0 0 0 165278270 181432817 165278270 181432817 2507984781 2554931538 X 11233892 4920656 -1 X 0 1 X 1 0 16729926 16729926 61383870 17902996 43480874 57518228 36798358 20719870 4856196 4856196 85786866 346176747 F 346176747 MEMBER DEPOSITS 1989588305 1989588305 167373815 0 167373815 0 167373815 156139923 0 156139923 0 156139923 X X X X 0 1 0 RENE TIJERINA CEO 449011 0 225965 0 148816 0 34500 0 29798 0 888090 0 0 0 KEITH DOMINGUE EVP/CFO 238595 0 105612 0 162631 0 34500 0 24820 0 566158 0 0 0 RANDAL W WARD EVP LENDING 212645 0 64938 0 81001 0 25264 0 15709 0 399557 0 0 0 JENNIFER L KILGORE EVP 182687 0 64938 0 90185 0 23027 0 22120 0 382957 0 0 0 RITO GARZA EVP 180941 0 64938 0 88055 0 20967 0 26560 0 381461 0 0 0 SRAVAN M VINJAMURI EVP 186734 0 44717 0 89843 0 12739 0 27058 0 361091 0 0 0 BRIAN TURPEN VP 321013 0 0 0 1460 0 23097 0 382 0 345952 0 0 0 ARTHUR GORDON EVP 120526 0 48561 0 85219 0 22237 0 28048 0 304591 0 0 0 CATHERINE RIGBY EVP 138990 0 43662 0 70939 0 23131 0 18245 0 294967 0 0 0 LARRY HOOK SENIOR VP 187748 0 2500 0 31480 0 20205 0 8984 0 250917 0 0 0 EDGAR BARRAZA EVP/CFO 191250 0 0 0 56916 0 0 0 176 0 248342 0 0 0 VELSIE BORJA SENIOR VP 139609 0 23607 0 39879 0 19714 0 9086 0 231895 0 0 0 LEE STRICKHOUSER SENIOR VP 112351 0 23607 0 36810 0 18077 0 27004 0 217849 0 0 0 GEORGE CHEAIRES JR SENIOR VP 165566 0 0 0 27869 0 14399 0 6236 0 214070 0 0 0 WALTER WILKERSON III SENIOR VP 135319 0 14445 0 33927 0 8077 0 15628 0 207396 0 0 0 LANCE A MORGAN SENIOR VP 108944 0 23607 0 38735 0 15803 0 19778 0 206867 0 0 0 DARRELL STORRS VP 123925 0 16000 0 39391 0 13905 0 9300 0 202521 0 0 0 PART I, LINE 4B THE CEO AND EXECUTIVE VICE PRESIDENTS PARTICIPATE IN A NON-QUALIFIED 457(B) PLAN, WITH CONTRIBUTIONS AT THE MAXIMUM AMOUNT ALLOWED BY LAW. DURING THE TAX YEAR, THE FOLLOWING INDIVIDUALS PARTICIPATED: RENE TIJERINA - $23,000 KEITH DOMINGUE - $23,000 RANDAL W. WARD - $23,000 JENNIFER L. KILGORE - $23,000 RITO GARZA - $23,000 SRAVAN M. VINJAMURI - $23,000 ARTHUR GORDON - $23,000 CATHERINE E.RIGBY - $23,000 EDGAR BARRAZA - $23,000 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OVER THE AGE OF 18 ARE ALLOWED TO VOTE FOR MEMBERS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS INCLUDED IN THE BOARD PACKET AND REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS AND ENFORCES A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING THAT EMPLOYEES' PERSONAL INTERESTS DO NOT INFLUENCE OR APPEAR TO INFLUENCE CREDIT UNION BUSINESS OR TRANSACTIONS. EMPLOYEES MUST DISCLOSE ANY OUTSIDE EMPLOYMENT OR BUSINESS OWNERSHIP THAT COULD CREATE A POTENTIAL CONFLICT. ACTIVITIES INVOLVING MEMBERS, SUPPLIERS, VENDORS, OR COMPETITORS THAT MAY INTERFERE WITH OBJECTIVITY, PERFORMANCE, OR THE ORGANIZATION'S REPUTATION ARE PROHIBITED UNLESS APPROVED IN ADVANCE BY AN EXECUTIVE VICE PRESIDENT. EMPLOYEES ARE REQUIRED TO REPORT SUCH INTERESTS TO HUMAN RESOURCES, WHICH RETAINS DOCUMENTATION IN PERSONNEL FILES. THE ORGANIZATION RESERVES THE RIGHT TO TAKE DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION, FOR VIOLATIONS OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A-15B THE ORGANIZATION ENGAGES AN INDEPENDENT OUTSIDE FIRM TO CONDUCT A BI-ANNUAL SALARY ANALYSIS OF COMPARABLE MARKET COMPENSATION FOR THE CEO, EXECUTIVE VICE PRESIDENTS (EVPS), AND SENIOR VICE PRESIDENTS (SVPS). THE RESULTS OF THIS ANALYSIS ARE PROVIDED TO THE CHIEF HUMAN RESOURCES OFFICER (CHRO) AND THE BOARD OF DIRECTORS. THE BOARD REVIEWS THE CEO'S PERFORMANCE AND DETERMINES ANY MERIT INCREASE BASED ON THIS ANALYSIS AND PERFORMANCE EVALUATION. COMPENSATION DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. THE COMPENSATION REVIEW PROCESS IS CONDUCTED ANNUALLY AT THE START OF THE TAX YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. AN ANNUAL REPORT IS ALSO AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT -1. FIRST COMMUNITY VENTURES LLC 15260 FM 529 RD HOUSTON TX 77095 872223580 CREDIT UNION INVESTMENTS TX 3032127 11741070 FIRST COMMUNITY CREDIT UNION