First Commerce Credit Union
Nonprofit profile at a glance
- EIN
- 590687423
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Tallahassee, FL, US
- Phone
- 850.488.0035
- Rating confidence
- Limited
Reported finances
- Revenue
- $70,159,818
- Expenses
- $65,081,415
- Assets
- $1,096,207,913
- Liabilities
- $1,013,859,315
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- CECILIA D HOMISON (CEO)
- DENNIS G ADAMS (SENIOR EXECUTIVE VICE PRESIDENT)
- STEVEN REYNOLDS (VICE PRESIDENT OF BUSINESS SERVICES)
Highest reported compensation
- CECILIA D HOMISON (CEO): $1,222,123 total reported compensation
- DENNIS G ADAMS (SENIOR EXECUTIVE VICE PRESIDENT): $463,936 total reported compensation
- KIMBERLY S HOWES (CHIEF VISIONARY OFFICER): $326,292 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be our members' financial partners for life.
What it reported doing in 2024
First commerce credit union offers a wide array of electronic services to members. Almost 46,000 members utilize digital banking to keep track of their accounts, make transfers, make mobile deposits and pay bills. Fccu's bill pay offers same day bill pay and overnight check options to provide members flexibility in how they make their payments. Account-to-account transfers provide members convenient options in moving their funds. Over half of our active online banking users have enrolled in mobile banking. Fccu presents members and non-members with online options to open an account; apply for auto or personal loans; and apply for a mortgage.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.2%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 16.84; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 7.2% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.2M · 19 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.7M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 11/100.