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Filing year 2024

FIRST CENTRAL CREDIT UNION

Waco, Texas·EIN 74-1137995·501(c)(14)
Total revenue
$16.2M
Total assets
$168.6M
Total expenses
$14.6M
Reported officers
16
Mission

FIRST CENTRAL CREDIT UNION IS A FINANCIAL INSTITUTION, SPECIFICALLY A CREDIT UNION WHICH IS A COOPERATIVE PROVIDER OF FINANCIAL SERVICES TO OUR MEMBERS. FIRST CENTRAL CREDIT UNION IS COMMITTED TO PROVIDING SECURE, COMPETITIVE FINANCIAL SERVICES, DEDICATED TO OFFERING THE BEST POSSIBLE BENEFITS TO OUR MEMBERS, AND TO MAKING A DIFFERENCE IN THE COMMUNITIES WE SERVE WHILE CONTINUING TO BUILD CAPITAL RESERVES THROUGH INNOVATIVE AND SOUND BUSINESS PRACTICES. FIRST CENTRAL CREDIT UNION IS A STATE OF TEXAS CHARTERED CREDIT UNION AND A MEMBER OF CUNA. WE ARE ALSO DESIGNATED AS "JUNTOS AVANZAMOS" BY CORNERSTONE CREDIT UNION LEAGUE WHICH SIGNIFIES THAT FIRST CENTRAL HAS A LONG TERM VISION AND COMMITMENT TO SERVING THE NEEDS OF THE HISPANIC MARKET. IN 2018 FIRST CENTRAL CREDIT UNION WAS AWARDED CERTIFICATION AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE US DEPARTMENT OF THE TREASURY.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$363k
$385k
Base
$300k
Bonus
$47k
Other
Benefits
$15k
Chief Retail Officer
Highest Compensated Employee
25th percentile to median
$164k
$174k
Base
$146k
Bonus
$1k
Other
Benefits
$16k
Senior Lending Manager
Highest Compensated Employee
25th percentile to median
$157k
$166k
Base
$139k
Bonus
$1k
Other
Benefits
$16k
Senior Accounting and IT Manager
IT Manager
25th percentile to median
$146k
$155k
Base
$130k
Bonus
$1k
Other
Benefits
$15k
Senior HR & Training Manager
Highest Compensated Employee
10th to 25th percentile
$116k
$123k
Base
$100k
Bonus
$1k
Other
Benefits
$14k
Senior IT Manager
IT Manager
10th to 25th percentile
$115k
$122k
Base
$99k
Bonus
$1k
Other
Benefits
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 8%
from 2023

From $336k in 2023 to $363k in 2024.

$336k
2023
$363k
2024
In today's dollarsEst.
Up 5% in real terms$367k to $385k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue rose 5%.

$336k in 2023 to $363k in 2024.
  • Highest Compensated Employee pay rose 2% from 2023 to 2024.
  • IT Manager pay rose 15% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FIRST CENTRAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$15.5M
$11.7M
2023
$16.2M
$14.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FIRST CENTRAL CREDIT UNION

What does the Chief Executive Officer of FIRST CENTRAL CREDIT UNION earn?

In 2024, the Chief Executive Officer of FIRST CENTRAL CREDIT UNION received $362,849 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FIRST CENTRAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FIRST CENTRAL CREDIT UNION falls in the top 10%.

What are FIRST CENTRAL CREDIT UNION's revenue and expenses?

In 2024, FIRST CENTRAL CREDIT UNION reported $16.2M in total revenue and $14.6M in total expenses on its IRS Form 990.

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