First Community Credit Union

Nonprofit profile at a glance

EIN
930468003
IRS 990 coverage
2010–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025
Location
Bandon, OR, United States
Phone
855-328-2441
Rating confidence
Limited
Sector
Credit Unions

Official website

Reported finances

Revenue
$81,023,964
Expenses
$60,676,869
Assets
$1,712,779,148
Liabilities
$1,492,242,737

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • DAVID ELMER (PRESIDENT/CEO/TREASURER)
  • RENEE NELSON (EXECUTIVE VICE PRESIDENT/CGO)
  • MIKE LEEP (EXECUTIVE VICE PRESIDENT/CFO)
  • ELLEN SCRIVEN (EXECUTIVE VICE PRESIDENT/COO)

Highest reported compensation

  • DAVID ELMER (PRESIDENT/CEO/TREASURER): $1,213,128 total reported compensation
  • RENEE NELSON (EXECUTIVE VICE PRESIDENT/CGO): $700,263 total reported compensation
  • ELLEN SCRIVEN (EXECUTIVE VICE PRESIDENT/COO): $415,528 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

First Community Credit Union exists to provide its members with affordable, accessible financial services and to support the communities it serves.

What it reported doing in 2025

All activities of a state chartered credit union, including funding and servicing of loans, deposits, ach services, atm access, etc. Services are provided monday through friday, with the exception of federal holidays.

Operating model

Revenue model
Earned-program. 86% 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: 68
  • Accountability: 91
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 59.3%; rating input score 59; 16th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 25.1%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 28.23; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.7% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 56th percentile among comparable filings

Details

  • What they do: 11 programs and campaigns described on the official site · 4 operating locations identified
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 13 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.2M · 22 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.7M reported
  • Consistency: 10 of 11 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 41 filed money-flow records
  • Related organizations: 18 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Grant itemization coverage scored 59/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.