Community First Credit Union FY2020 filing

Appleton, WIUnknown exempt organizationSince 1975 EIN 39-6264347Revenue $145.1M in FY2020Latest return filed May 15, 2026

On file with the IRScommunityfirstcu.orgPo Box 1487 · Appleton, WI

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Community First Credit Union will provide high quality, competitive financial products and services which anticipate and exceed our members' needs. We intend to be the primary financial organization for our members by earning and maintaining their trust, by maintaining a balance between sound growth, earnings and reserves, by providing a challenging and rewarding environment for our employees and by contributing to the social and economic well-being of the communities we serve.

$3.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $62.5M a year · 26% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$3.6M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $1.08B in investments, Pt X · Ln 11–13
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.8B
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$145.1M
Spent
$108.0M
Net assets
$474.1M
By yearFY2020–FY2025
Revenue
$145.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$145.1M
FY2021$150.7M
FY2022$189.1M
FY2023$283.7M
FY2024$336.0M
FY2025$353.7M
Expenses
$108.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$108.0M
FY2021$96.7M
FY2022$118.6M
FY2023$218.1M
FY2024$269.7M
FY2025$272.1M
Net assets
$474.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$474.1M
FY2021$528.8M
FY2022$587.1M
FY2023$654.0M
FY2024$723.4M
FY2025$809.6M

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

20 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/President/Treasurer
$854,991Pt VII · Sec A
Chief Technology Officer
$370,494Pt VII · Sec A
Chief Financial Officer
$334,623Pt VII · Sec A
SVP Special Projects
$333,347Pt VII · Sec A
Chief Lending Officer
$287,390Pt VII · Sec A
Chief Human Resources Officer
$273,092Pt VII · Sec A
SVP Org Development, Investments
$258,930Pt VII · Sec A
Chief of Staff
$248,464Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Catherine Tierney$1,652,164—————
Catherine J Tierney—$1,324,612$1,104,499$1,021,104$905,626$854,991
Jeffrey Garrett$556,784$371,530$292,378———
Charles Bostick$538,411$473,801$335,857$73,356——
Scott Steinfort$482,057$434,009$395,942$397,031$353,832$370,494
Jake Buman$380,764$478,042$441,469$436,047——
Timothy Hoff$250,012$412,291$382,282$367,229$324,818$287,390
Mary J Sullivan—$340,745$321,899$407,681$317,748$333,347

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides members with essential financial services.

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1 program · in their own filed words · FY2020
01

Provided financial services to 145,544 member owners in 2020. Funded 24,293 loans to these members in 2020 for $1,594,359,558.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $40K · 2020–2020
Cots INCWI · FY2020$5,000
Pillars INCWI · FY2020$5,000
Riverview Gardens INCWI · FY2020$5,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$145.1M
Ln 12
Fees for servicesLn 2g$141.1M
Investment incomeLn 3$4.0M
Gifts and grantsLn 1h$40K
Money outPt IX
$108.0M
Ln 25
Owns and owesPt X
$474.1M
net assets · Ln 32
Cash and savingsLn 1–2$57.2M
Total assetsLn 16$4.2B
LiabilitiesLn 26$3.8B
PeoplePt VI, VII
20
listed · VII A
PaidVII A12
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Government grantsLn 1e$40K
Fees for servicesLn 2g$141.1M
Investment incomeLn 3$4.0M
Gains on assetsLn 7−$29K
Total revenueLn 12$145.1M
Assets in detailPt X, end of year
CashLn 1$57.2M
Cash and savings togetherLn 1–2$57.2M
InvestmentsLn 11–13$1.08B
Land, buildings, equipmentLn 10c$72.4M
Other assetsLn 15$20.4M
Total assetsLn 16$4.2B
LiabilitiesLn 26$3.8B
Net assetsLn 32$474.1M
OperationsPt I, VI
EmployeesI 5712
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$50.4M$57.2M
InvestmentsLn 11–13$623.4M$1.08B
Land, buildings, equipmentLn 10c$74.3M$72.4M
Total assetsLn 16$3.41B$4.23B
LiabilitiesLn 26$2.97B$3.76B
Net assetsLn 32$438.4M$474.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K
Benefits paid to or for membersLn 4$38.3M
Pay of current officers, directors and key staffLn 5$3.2M
Other salaries and wagesLn 7$27.4M
Pension plan contributionsLn 8$2.5M
Other employee benefitsLn 9$3.0M
Payroll taxesLn 10$2.1M
Legal feesLn 11b$64K
Accounting feesLn 11c$153K
Advertising and promotionLn 12$2.7M
Office expensesLn 13$7.7M
Information technologyLn 14$3.4M
OccupancyLn 16$2.2M
TravelLn 17$280K
Conferences, conventions and meetingsLn 19$419K
InterestLn 20$4K
Depreciation, depletion and amortizationLn 22$5.1M
InsuranceLn 23$368K
Other expenses (24a–d)Ln 24$9.0M
Total functional expensesLn 25$108.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $353.7M$272.1M$81.5M$809.6M 990 PDF
FY2024Filed with the IRS May 13, 2025 $336.0M$269.7M$66.3M$723.4M 990 PDF
FY2023Filed with the IRS May 13, 2024 $283.7M$218.1M$65.6M$654.0M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $189.1M$118.6M$70.5M$587.1M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $150.7M$96.7M$54.0M$528.8M 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $145.1M$108.0M$37.1M$474.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $145,139,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$40,000
I-9 Program service revenuePrior year $130,178,551$141,147,445
I-10 Investment incomePrior year $11,618,738$3,996,415
I-11 Other revenuePrior year −$45,834−$44,383
I-12 Total revenuePrior year $141,751,455$145,139,477
I-13 Grants and similar amounts paidPrior year $0$40,000
I-14 Benefits paid to membersPrior year $37,962,947$38,341,398
I-15 Salaries and benefitsPrior year $33,532,879$38,204,345
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,433,679$31,425,482
I-18 Total expensesPrior year $102,929,505$108,011,225
I-19 Revenue less expensesPrior year $38,821,950$37,128,252
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $145,139,477 across 7 lines filed
VIII-1e Government grants$40,000
VIII-1h Total contributions, gifts and grants$40,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $141,083,330 · Unrelated business $64,115$141,147,445
VIII-3 Investment incomeExcluded from tax $4,025,322$4,025,322
VIII-6 Net rental income or lossUnrelated business −$44,383−$44,383
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$28,907−$28,907
VIII-12 Total revenueRelated to mission $141,083,330 · Unrelated business $19,732 · Excluded from tax $3,996,415$145,139,477
Part IX · Statement of functional expenses $108,011,225 across 19 lines filed
IX-1 Grants to domestic organizations$40,000
IX-4 Benefits paid to or for members$38,341,398
IX-5 Pay of current officers, directors and key staff$3,178,171
IX-7 Other salaries and wages$27,410,684
IX-8 Pension plan contributions$2,458,894
IX-9 Other employee benefits$3,021,632
IX-10 Payroll taxes$2,134,964
IX-11b Legal fees$63,691
IX-11c Accounting fees$153,455
IX-12 Advertising and promotion$2,698,701
IX-13 Office expenses$7,683,120
IX-14 Information technology$3,405,644
IX-16 Occupancy$2,249,784
IX-17 Travel$280,119
IX-19 Conferences, conventions and meetings$418,850
IX-20 Interest$3,752
IX-22 Depreciation, depletion and amortization$5,090,658
IX-23 Insurance$368,151
IX-24 Other expenses (24a–d)$9,009,557
IX-25 Total functional expenses$108,011,225
Part X · Balance sheet $4,233,572,171 assets, 12 lines filed
Asset lines not itemized here account for $2,941,617,034; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $50,435,030$57,227,909
X-4 Accounts receivableStart of year $248,596$119,903
X-9 Prepaid expenses and deferred chargesStart of year $31,233,427$65,959,214
X-10c Land, buildings and equipment, netStart of year $74,300,670$72,358,228
X-13 Program-related investmentsStart of year $623,372,825$1,075,873,106
X-15 Other assetsStart of year $19,951,172$20,416,777
X-16 Total assetsStart of year $3,412,730,212$4,233,572,171
X-17 Accounts payable and accrued expensesStart of year $31,875,038$36,675,053
X-25 Other liabilitiesStart of year $2,942,426,170$3,718,778,780
X-26 Total liabilitiesStart of year $2,974,301,208$3,759,453,833
X-32 Total net assets or fund balancesStart of year $438,429,004$474,118,338
X-33 Total liabilities and net assetsStart of year $3,412,730,212$4,233,572,171
Part XI · Reconciliation of net assets $474,118,338 net assets at year end
XI-1 Total revenue$145,139,477
XI-2 Total expenses$108,011,225
XI-3 Revenue less expenses$37,128,252
XI-4 Net assets at start of year$438,429,004
XI-9 Other changes in net assets−$1,438,918
XI-10 Net assets at end of year$474,118,338

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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