EIN 39-0269470

First Community Credit Union of Beloit

IRS 501(c) type
501(c)(14)
Num. employees
136
City
Year formed
1933
Most recent tax filings
2023-12-01
Description
Not-for-profit financial cooperative emphasizing service, long-term growth, and community giving. Offers loans, credit cards, and various financial services.
Related structure
First Community Credit Union of Beloit is a child organization, under an unknown parent.
Total revenues
$16,850,275
2023
Total expenses
$13,388,424
2023
Total assets
$317,251,089
2023
Num. employees
136
2023

Program areas at First Community Credit Union of Beloit

We funded $116,991,923 in loans during 2023. As of 12/31/2023 we had $53,696,226 in mortgages/home equity loans and $223,698,673 in consumer loans. We also had 1,478 Credit card accounts with our members at 12/31/23.we have deposit, transaction, and investment accounts with 29,500 members as of 12/31. During 2022 we opened 7,273 new deposit, transaction, and investment accounts.
First Community Credit Union supports the communities that we serve in many ways. This includes providing financial education in local school districts and donating time and money to many Community organizations. In 2023, we supported several food drives and local homeless shelters. We also employee bilingual staff in an effort to bring more Community members into the financial mainstream. Additionally, we host educational sessions for improving one's Credit score, buying a First home, and personal budgeting. As a member-owned cooperative, our focus is always on the members and communities that we serve.

Personnel at First Community Credit Union of Beloit

NameTitleCompensation
Jack GillPresident$346,763
Mark HutchinsonChief Financial Officer$113,856
Ryan MillerExecutive Vice President Operations$168,473
Shawna SherryMortgage Originator$104,359
Roger AllenSecretary$0
...and 3 more key personnel

Financials for First Community Credit Union of Beloit

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$16,384,527
Investment income and dividends$600,079
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-134,331
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,850,275

Form 990s for First Community Credit Union of Beloit

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-20990View PDF
2022-122023-05-12990View PDF
2021-122022-04-22990View PDF
2020-122021-06-30990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s

Organizations like First Community Credit Union of Beloit

OrganizationLocationRevenue
Winnebago Community Credit Union (WCCU)Oshkosh, WI$7,397,018
Glacier Hills Credit UnionWest Bend, WI$9,272,339
Superior Choice Credit Union (SCCU)Superior, WI$49,260,403
Oakdale Credit Union (OCU)Oakdale, WI$5,526,779
Tomah Area Credit UnionTomah, WI$4,837,364
Prime Financial Credit UnionCudahy, WI$10,039,036
Arcadia Credit UnionArcadia, WI$5,873,880
Shipbuilders Credit UnionManitowoc, WI$5,888,328
Premier Financial Credit UnionNew Holstein, WI$4,403,229
NEW Credit UnionOconto Falls, WI$5,749,291
Data update history
August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 1 new personnel
May 19, 2023
Updated personnel
Identified 4 new personnel
October 8, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
Hunger
Characteristics
State / local level
General information
Address
1702 Park Ave
Beloit, WI 53511
Metro area
Janesville-Beloit, WI
County
Rock County, WI
Website URL
firstccu.com/ 
Phone
(608) 362-9077
IRS details
EIN
39-0269470
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1933
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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