First Credit Union: FY2023 Nonprofit Profile & Form 990 (EIN 86-0100904)

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Jay Curtis	$887,423	$902,183	$610,129	$743,227	$764,392
Lori Gallegos	$244,846	$344,153	$382,904	$478,003	$463,768
Douglas Alldredge	$458,193	$318,748	$286,530	$391,306	$259,507
Heidi Kim	$409,887	$277,370	$244,475	$187,321	$167,176
Thomas Gessel	$339,946	$314,866	$295,554	$260,018	$234,290
Benjamin Ricks	$200,462	$183,295	$181,998	$170,904	$167,736
Thomas Wasson	—	$105,735	$185,698	$175,576	$168,231
Scot Gilbreath	$185,298	$177,689	$167,920	$160,536	$158,118

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.

See First Credit Union executive salaries →

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
Loans to or from officersSch L · Pt II5 listed

Programs and updates

Offers banking and financial services to its members.

Questions for First Credit Union

Tap to ask. First Credit Union sees how many people are interested.

Your first name shows with your question. First Credit Union answers here, for everyone.

1 program · in their own filed words · FY2023

01

First credit union worked to give back to the communities it serves through lower fees, better rates, by improving its technology platforms, by providing financial education to students in local schools, by working with our members to raise money and supplies to charitable causes, and by working to improve our financial services…

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 · received and paid

Grants received · FY2025

National Credit Union Foundation INCFY2025$8K

Total grants receivedfrom 1 funder$8K

Grants paid · 12 grants · $99K · 2020–2024

Childrens Miracle NetworkUT · FY2024$9,500

Chandler Chamber of CommerceAZ · FY2024$7,000

IcanAZ · FY2024$6,000

Arizona Food Bank NetworkAZ · FY2024$5,008

Downtown Chandler CommunityfoundationAZ · FY2023$15,000

Northwest Credit Union FoundationWA · FY2023$7,000

Phoenix Children's Hospital FoundationAZ · FY2023$6,603

IcanAZ · FY2023$6,000

Downtown Chandler CommunityfoundationAZ · FY2022$10,000

National Credit Union Foundation INCWI · FY2022$7,500

Phoenix Children's Hospital FoundationAZ · FY2021$9,000

Childrens Miracle NetworkUT · FY2020$10,000

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$39.3M

Ln 12

Fees for servicesLn 2g$30.1M

Investment incomeLn 3$8.1M

Gifts and grantsLn 1h$972K

Money outPt IX

$35.3M

Ln 25

Owns and owesPt X

$45.7M

net assets · Ln 32

Cash and savingsLn 1–2$88.8M

Total assetsLn 16$703.8M

LiabilitiesLn 26$658.1M

PeoplePt VI, VII

17

listed · VII A

PaidVII A13

Voting boardVI 1a7

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$972K

Government grantsLn 1e$972K

Fees for servicesLn 2g$30.1M

Investment incomeLn 3$8.1M

Other incomeLn 4–11$57K

Gains on assetsLn 7−$128K

Total revenueLn 12$39.3M

Assets in detailPt X, end of year

CashLn 1$24.6M

SavingsLn 2$64.1M

Cash and savings togetherLn 1–2$88.8M

Accounts receivableLn 4$288K

Loans to officers and key peopleLn 5$8.9M

Notes and loans receivableLn 7$396.2M

Prepaid expenses and deferred chargesLn 9$8.5M

Land, buildings, equipmentLn 10c$11.6M

InvestmentsLn 11–13$173.8M

Other assetsLn 15$15.7M

Total assetsLn 16$703.8M

LiabilitiesLn 26$658.1M

Net assetsLn 32$45.7M

OperationsPt I, VI

EmployeesI 5179

VolunteersI 69

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$56.8M	$88.8M
InvestmentsLn 11–13	$200.2M	$173.8M
Land, buildings, equipmentLn 10c	$10.8M	$11.6M
Total assetsLn 16	$711.0M	$703.8M
LiabilitiesLn 26	$669.4M	$658.1M
Net assetsLn 32	$41.6M	$45.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$69K
Benefits paid to or for membersLn 4	$3.3M
Pay of current officers, directors and key staffLn 5	$2.8M
Other salaries and wagesLn 7	$7.9M
Pension plan contributionsLn 8	$327K
Other employee benefitsLn 9	$1.3M
Payroll taxesLn 10	$748K
Legal feesLn 11b	$171K
Accounting feesLn 11c	$67K
Other fees for servicesLn 11g	$884K
Advertising and promotionLn 12	$695K
Office expensesLn 13	$1.2M
Information technologyLn 14	$1.4M
OccupancyLn 16	$1.6M
TravelLn 17	$193K
Conferences, conventions and meetingsLn 19	$146K
InterestLn 20	$1.1M
Depreciation, depletion and amortizationLn 22	$1.0M
InsuranceLn 23	$155K
Other expenses (24a–d)Ln 24	$9.4M
All other expensesLn 24e	$705K
Total functional expensesLn 25	$35.3M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Nov 10, 2025	$50.4M	$42.7M	$7.7M	$55.8M	990 PDF
FY2023 ViewingFiled with the IRS Nov 6, 2024	$39.3M	$35.3M	$4.0M	$45.7M	990 PDF
FY2022Filed with the IRS Nov 6, 2023	$30.6M	$25.8M	$4.8M	$41.6M	990 PDF
FY2021Filed with the IRS Nov 8, 2022	$24.4M	$20.4M	$4.0M	$52.8M	990 PDF
FY2020Filed with the IRS Nov 9, 2021	$24.3M	$23.1M	$1.2M	$48.5M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $39,282,064 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$971,886

I-9 Program service revenuePrior year $24,739,055$30,109,586

I-10 Investment incomePrior year $4,615,857$8,143,503

I-11 Other revenuePrior year $1,255,831$57,089

I-12 Total revenuePrior year $30,610,743$39,282,064

I-13 Grants and similar amounts paidPrior year $50,400$69,203

I-14 Benefits paid to membersPrior year $727,850$3,255,502

I-15 Salaries and benefitsPrior year $11,901,764$13,135,327

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $13,155,397$18,837,532

I-18 Total expensesPrior year $25,835,411$35,297,564

I-19 Revenue less expensesPrior year $4,775,332$3,984,500

Part VI · Governance 6 of 7 board members independent, no flags

VI-1a Voting members of the governing body7

VI-1b Independent voting members6

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 $39,282,064 across 7 lines filed

VIII-1e Government grants$971,886

VIII-1h Total contributions, gifts and grants$971,886

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,626,693 · Unrelated business $482,893$30,109,586

VIII-3 Investment incomeExcluded from tax $8,271,909$8,271,909

VIII-6 Net rental income or lossExcluded from tax $57,089$57,089

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$128,406−$128,406

VIII-12 Total revenueRelated to mission $29,626,693 · Unrelated business $482,893 · Excluded from tax $8,200,592$39,282,064

Part IX · Statement of functional expenses $35,297,564 across 21 lines filed

IX-1 Grants to domestic organizations$69,203

IX-4 Benefits paid to or for members$3,255,502

IX-5 Pay of current officers, directors and key staff$2,839,292

IX-7 Other salaries and wages$7,914,350

IX-8 Pension plan contributions$327,098

IX-9 Other employee benefits$1,306,245

IX-10 Payroll taxes$748,342

IX-11b Legal fees$171,472

IX-11c Accounting fees$67,179

IX-11g Other fees for services$884,371

IX-12 Advertising and promotion$694,842

IX-13 Office expenses$1,235,341

IX-14 Information technology$1,379,084

IX-16 Occupancy$1,635,482

IX-17 Travel$193,402

IX-19 Conferences, conventions and meetings$146,441

IX-20 Interest$1,078,432

IX-22 Depreciation, depletion and amortization$1,045,482

IX-23 Insurance$155,498

IX-24 Other expenses (24a–d)$9,445,164

IX-24e All other expenses$705,342

IX-25 Total functional expenses$35,297,564

Part X · Balance sheet $703,838,970 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $20,794,067$24,640,776

X-2 Savings and temporary cash investmentsStart of year $36,011,828$64,113,404

X-4 Accounts receivableStart of year $152,512$288,291

X-5 Loans to officers and key peopleStart of year $8,846,347$8,934,812

X-7 Notes and loans receivableStart of year $411,121,244$396,246,320

X-9 Prepaid expenses and deferred chargesStart of year $7,609,525$8,527,938

X-10c Land, buildings and equipment, netStart of year $10,810,897$11,581,782

X-11 Publicly traded securitiesStart of year $178,616,171$156,741,919

X-12 Other securitiesStart of year $21,592,815$17,070,761

X-15 Other assetsStart of year $15,461,631$15,692,967

X-16 Total assetsStart of year $711,017,037$703,838,970

X-17 Accounts payable and accrued expensesStart of year $6,304,522$7,747,055

X-23 Secured mortgages and notes payableStart of year $20,000,000$45,000,000

X-25 Other liabilitiesStart of year $643,138,706$605,364,266

X-26 Total liabilitiesStart of year $669,443,228$658,111,321

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $41,573,809$45,727,649

X-32 Total net assets or fund balancesStart of year $41,573,809$45,727,649

X-33 Total liabilities and net assetsStart of year $711,017,037$703,838,970

Part XI · Reconciliation of net assets $45,727,649 net assets at year end

XI-1 Total revenue$39,282,064

XI-2 Total expenses$35,297,564

XI-3 Revenue less expenses$3,984,500

XI-4 Net assets at start of year$41,573,809

XI-5 Net unrealized gains (losses) on investments$2,191,424

XI-9 Other changes in net assets−$2,022,084

XI-10 Net assets at end of year$45,727,649

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

First Credit Union FY2023 filing

Before you give

Is it real?

Who runs it and what they're paid

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