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FIRST AMERICAN CREDIT UNION

CASA GRANDE, AZ · EIN 860189823 · Form 990 · FY2020 · Medium ($1M-$10M) · www.firstamerican.org
revenue
$4.4M
expenses
$4.0M
net assets
$6.3M
employees
44
volunteers
14
mission · from form 990

A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING PRODUCTS AND SERVICE TO ITS MEMBERSHIP.

profile · synthesized from sources

FIRST AMERICAN CREDIT UNION is a financial cooperative that provides banking services, including loans and savings accounts, to its members. It offers a range of financial products such as home equity lines of credit, primarily serving individuals in Arizona and New Mexico.

named programs · 1 · from sources

what they call their work

Home Equity Line of Credit (HELOC)
Provides members with a line of credit secured by their home equity, with a fixed introductory rate and a variable rate thereafter. Available for primary residences and vacation homes in AZ or NM.
activities · 1 cluster

what they do

  • Home Equity Loans and HELOCs 1 activity
    • Home Equity Line of Credit (HELOC) Loans
      Provides Home Equity Line of Credit (HELOC) loans with a minimum loan amount of $5,000 and a maximum loan-to-value (LTV) of 65%.
financials · form 990 · fy2020

the money

revenue
Total revenue$4.44M
Contributions & grants$00%
Program service revenue$4.15M94%
Investment income$287K6%
Other revenue$0
expenses
Total expenses$4.02M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$1.92M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$95.03M
Cash$46.36M
Investments$9.50M
Liabilities$88.71M
Net assets$6.33M
Liquid reserves166.8 mo
1 years on record · 2020–2020
leadership · form 990 part vii · fy2020

who runs it

paid leadership · 2
NameTitleHours/wkCompensation
PHIL PETERS PRESIDENT/CEO 40 $96K
FRANK MESQUITA CFO 40 $85K
board members · 7
  • CLIFF KINSER — VICE-CHAIRMAN
  • DUANE WALLACE — DIRECTOR
  • JANICE WEAVER — SECRETARY
  • JOSEPH HARDY — DIRECTOR
  • JR MCEVOY — CHAIRMAN
  • STEVE HUDSON — DIRECTOR
  • SYLVIA MEJIA — TREASURER