Fairwinds Credit Union

Fairwinds Credit Union Overview

Fairwinds Credit Union is located in Orlando, FL. The organization was established in 1972. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Fairwinds Credit Union employed 705 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Fairwinds Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Fairwinds Credit Union generated $146.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $112.8m during the year ending 12/2019. While expenses have increased by 7.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE OBJECT AND PURPOSE OF FAIRWINDS CREDIT UNION IS TO BE A COOPERATIVE, NONPROFIT, ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AMOUNG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION NATIONAL ASSOCIATION HAS DETERMINED THAT FAIRWINDS CU PROVIDED $10,002,422 IN DIRECT FINANCIAL BENEFITS TO ITS 193,867 MEMBERS DURING THE TWELVE MONTHS ENDING IN DECEMBER 2019. THESE BENEFITS ARE EQUIVALENT TO APPROXIMATELY $108 PER MEMBER HOUSEHOLD.


FAIRWINDS SAVED OUR MEMBERS ABOUT $6.7 MILLION ON THEIR USED CAR LOANS IN 2019. FAIRWINDS SAVED MEMBER MONEY BY OFFERING USED CAR LOAN RATE AT LEAST 2.01% LOWER THAN OTHER FLORIDA BANKS.


FAIRWINDS SAVED OUR MEMBER ABOUT $4.4 MILLION ON THEIR NEW CAR LOANS IN 2019. FAIRWINDS SAVED MEMBER MONEY BY OFFERING NEW CAR LOAN RATE AT LEAST 1.60% LOWER THAN OTHER FLORIDA BANKS.


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Fairwinds Credit Union Board, Officers & Key Employees

Name (title)Compensation
Larry Tobin
Ceo/president
$1,390,303
Kathy Chonody
CFO
$997,704
Phillip Tischer
COO
$994,712
James Adamczyk
Exec VP - Lending
$517,701
Mathy Hogan
Exec VP - Eservices
$503,788
Thomas Howell
Vp-Financial Advisor
$418,791

Fairwinds Credit Union Vendors

Vendor Name (Service)Compensation
Pscu Financial Services Inc
Debit & Credit Card Processor
$6,655,621
Albu & Associates Inc
Construction Contractor
$2,743,205
Ncr Corporation
Consumer Online Banking, Atm Maintenance
$2,370,471
Evok Advertising & Design Inc
Social And Digital Media Planning
$1,704,961
Gte Federal Cu
Lake Mary Branch Rent And Purchase Of Bu
$1,580,289
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$132,640,536
Investment income $10,747,202
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $146,664,282

Fairwinds Credit Union Peer Organizations

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