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Community First Credit Union

Hannibal, MOUnknown exempt organization EIN 43-6030489Revenue $513K in FY2024

On file with the IRSmycommunityfirstcu.com6460 Interstate Court · Hannibal, MO

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To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the Credit Union.

Run by 11 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $29K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$54K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
58 mo
of spending, in cash
Looks good: 57.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.5M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$513K
+24% vs prior year
Spent
$471K
Net assets
$853K
By yearFY2020–FY2024
Revenue
$513K
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$260K
FY2021$291K
FY2022$331K
FY2023$413K
FY2024$513K
Expenses
$471K
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$230K
FY2021$249K
FY2022$321K
FY2023$395K
FY2024$471K
Net assets
$853K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$740K
FY2021$783K
FY2022$793K
FY2023$812K
FY2024$853K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

8 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation
$53,713Pt VII · Sec A
Bill Fisher
Vice Chairperson
$0Pt VII · Sec A
Janet Groenda
Secretary
$0Pt VII · Sec A
Tom Richmond
Treasurer
$0Pt VII · Sec A
Michael Baxter
Chairperson
$0Pt VII · Sec A
Justin Dwight
Board Member
$0Pt VII · Sec A
Tina Lee
Board Member
$0Pt VII · Sec A
Lacie Crabill
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nathan Hathaway$53,713————
Barbara Bowdish—$23,269$21,863$23,530$25,231

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 15aNo

Programs and updates

Offers members high-quality financial services to boost their well-being and strengthen the credit union.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2024, there were 538 loans outstanding totaling $6,085,832.

Pt IX · col B
02

Paid dividends and interest on member deposits totaling $86,880 for the year.

Pt IX · col B
03

Provides financial and financially related services to 1,080 members.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$513K
Ln 12
Fees for servicesLn 2g$471K
Investment incomeLn 3$42K
Money outPt IX
$471K
Ln 25
Owns and owesPt X
$853K
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$8.4M
LiabilitiesLn 26$7.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$471K
Investment incomeLn 3$42K
Total revenueLn 12$513K
Assets in detailPt X, end of year
CashLn 1$193K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.3M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$96K
Total assetsLn 16$8.4M
LiabilitiesLn 26$7.5M
Net assetsLn 32$853K
OperationsPt I, VI
EmployeesI 57
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.9M$2.3M
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$8.3M$8.4M
LiabilitiesLn 26$7.5M$7.5M
Net assetsLn 32$812K$853K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$54K
Other salaries and wagesLn 7$80K
Payroll taxesLn 10$11K
Legal feesLn 11b$334
Accounting feesLn 11c$7K
Other fees for servicesLn 11g$73K
Advertising and promotionLn 12$722
Office expensesLn 13$48K
OccupancyLn 16$17K
Conferences, conventions and meetingsLn 19$3K
Depreciation, depletion and amortizationLn 22$2K
Other expenses (24a–d)Ln 24$171K
All other expensesLn 24e$3K
Total functional expensesLn 25$471K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $513K$471K$42K$853K 990 PDF
FY2023 $413K$395K$18K$812K 990 PDF
FY2022 $331K$321K$11K$793K 990 PDF
FY2021 $291K$249K$42K$783K 990 PDF
FY2020 $260K$230K$30K$740K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $512,926 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $387,243$470,989
I-10 Investment incomePrior year $25,464$41,937
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $412,707$512,926
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $108,088$145,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $286,438$326,258
I-18 Total expensesPrior year $394,526$471,258
I-19 Revenue less expensesPrior year $18,181$41,668
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $512,926 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $470,989$470,989
VIII-3 Investment incomeRelated to mission $41,937$41,937
VIII-12 Total revenueRelated to mission $512,926 · Unrelated business $0 · Excluded from tax $0$512,926
Part IX · Statement of functional expenses $471,258 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$53,713
IX-7 Other salaries and wages$80,367
IX-10 Payroll taxes$10,920
IX-11b Legal fees$334
IX-11c Accounting fees$7,350
IX-11g Other fees for services$73,156
IX-12 Advertising and promotion$722
IX-13 Office expenses$48,043
IX-16 Occupancy$17,465
IX-19 Conferences, conventions and meetings$3,300
IX-22 Depreciation, depletion and amortization$1,641
IX-24 Other expenses (24a–d)$171,498
IX-24e All other expenses$2,749
IX-25 Total functional expenses$471,258
Part X · Balance sheet $8,376,085 assets, 12 lines filed
Asset lines not itemized here account for $6,003,832; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $109,647$193,307
X-2 Savings and temporary cash investmentsStart of year $1,802,654$2,076,481
X-4 Accounts receivableStart of year $550$446
X-9 Prepaid expenses and deferred chargesStart of year $3,596$4,099
X-10c Land, buildings and equipment, netStart of year $3,635$1,994
X-15 Other assetsStart of year $91,639$95,926
X-16 Total assetsStart of year $8,285,158$8,376,085
X-17 Accounts payable and accrued expensesStart of year $55,011$47,170
X-25 Other liabilitiesStart of year $7,418,471$7,475,571
X-26 Total liabilitiesStart of year $7,473,482$7,522,741
X-32 Total net assets or fund balancesStart of year $811,676$853,344
X-33 Total liabilities and net assetsStart of year $8,285,158$8,376,085
Part XI · Reconciliation of net assets $853,344 net assets at year end
XI-1 Total revenue$512,926
XI-2 Total expenses$471,258
XI-3 Revenue less expenses$41,668
XI-4 Net assets at start of year$811,676
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$853,344

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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