Sep, 30, 2025 — FIRST CLASS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in WEST DES MOINES, IA with 2 branch locations and about $94.54 million in total assets. Opened 101 years ago in 1925, FIRST CLASS COMMUNITY CREDIT UNION has about 7,253 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST CLASS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2051 Westown Pkwy WEST DES MOINES, IA 50265-1541 |
| Phone: | (515) 224-4300 |
| Fax: | (515) 224-4306 |
| Website: | https://www.gofirstclass.org |
| Branches: | 2 branch locations |
| Members: | 7,253 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64231 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1925 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $94,540,763 |
| CEO/Manager: | Zac Pollock |
| Chairperson: | Gary Olson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,102,367 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,128,955 |
| Unsecured Loans | 1,136,107 |
| Other Loans | 18,009,270 |
| TOTAL LOANS | 38,305,859 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -338,708 |
| Land And Building | 1,840,741 |
| Other Fixed Assets | 256,270 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 844,718 |
| All Other Assets | 0 |
| TOTAL ASSETS | 94,540,763 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 929,516 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,405,329 |
| Regular shares | 37,314,877 |
| All Other Shares & Deposits | 21,841,043 |
| TOTAL SHARES & DEPOSITS | 84,561,249 |
| TOTAL LIABILITIES | 85,490,765 |
| Regular Reserve | 0 |
| Other Reserves | 1,912,146 |
| Undivided Earnings | 7,137,852 |
| TOTAL EQUITY | 9,049,998 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,540,763 |
| INCOME & EXPENSE | |
| Loan Income | 1,766,524 |
| Investment Income | 911,438 |
| Other Income | 448,789 |
| Total Employee Compensation & Benefits | 1,249,083 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,690,797 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 166,344 |
| Cost of Funds | 187,870 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,008,979 |
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