EIN 59-0687423

First Commerce Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
309
State
Year formed
1940
Most recent tax filings
2022-12-01
Description
First Commerce Credit Union's mission is to provide services and education to members in the framework of a financial cooperative and to be our members' financial partners for life. A wide array of electronic services are offered to almost 44,000 members, including digital banking for account tracking, transfers, mobile deposits, and same-day bill pay. First Commerce boasts Tallahassee's #1 auto lending program with a range of auto loan choices for its members.
Related structure
First Commerce Credit Union is child organization, under the parent exemption from State Charter Credit Unions in Florida Group Return.
Total revenues
$49,452,473
2022
Total expenses
$41,095,263
2022
Total assets
$1,014,264,212
2022
Num. employees
309
2022

Program areas at First Commerce Credit Union

Tallahassee's #1 auto lending program for over a decade. First Commerce has earned the title of tallahassee's number one auto lender year after year. This title has been consistently earned because the Credit Union offers a range of auto loan choices for almost every budget and Credit level. First Commerce's flexible terms and competitive rates allow members to purchase the vehicle they need at a monthly payment they can afford.
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.
Fccu offers a full range of financial products for businesses. They include lending for operating expenses, equipment, inventory, real estate, and other needs as well as business Credit card offerings. Deposit products from basic business checking to a full suite of treasury services are also available. Fccu incorporates interest bearing accounts, time deposits, funds transfer, and digital and remote business services.

Grants made by First Commerce Credit Union

GranteeGrant descriptionAmount
Fccu FoundationTo Assist Fccu Foundation Inc. in Carrying Out Its Primary Function of Conducting Virtual and In-Person Workshops To Promote Financial Literacy Among the Members of the Community and Local Area College Students$25,000

Personnel at First Commerce Credit Union

NameTitleCompensation
Cecilia HomisonChief Executive Officer$581,104
Kim HowesSenior Vice President - Chief Operating Officer
Angela TerhuneExecutive Vice President and Chief Financial Officer$166,423
Justin HofSenior Vice President - Chief Information Officer$253,733
Amy GroffSenior Vice President - Chief People Officer
...and 9 more key personnel

Financials for First Commerce Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$45,957,017
Investment income and dividends$3,460,957
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$34,499
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$49,452,473

Form 990s for First Commerce Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122022-11-10990View PDF
2020-122021-11-10990View PDF
2018-122020-02-10990View PDF
2017-122019-03-15990View PDF
...and 8 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Updated personnel
Identified 1 new personnel
December 23, 2023
Used new vendors
Identified 2 new vendors, including , and
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Used new vendors
Identified 18 new vendors, including , , , , , , , , , , , , , , , , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
2073 Summit Lake Dr 100
Tallahassee, FL 32317
Metro area
Tallahassee, FL
Website URL
firstcommercecu.org/ 
Phone
(850) 488-0035
IRS details
EIN
59-0687423
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1940
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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