State Chartered Credit Unions In Florida

Organization Overview

State Chartered Credit Unions In Florida is located in Jacksonville, FL. The organization was established in 1970. 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 12/2021, State Chartered Credit Unions In Florida employed 459 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. State Chartered Credit Unions In Florida 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 12/2021, State Chartered Credit Unions In Florida generated $94.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $66.3m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING FINANCIAL SOLUTIONS FOR EVERY STAGE OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE BASIS FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.


THE CREDIT UNION OFFERS A VARIETY OF FINANCIAL PRODUCTS INCLUDING, MORTGAGE, AUTOMOBILE, CREDIT CARDS, AND PERSONAL SIGNATURE LOANS. $837,762,991 IN NEW LOANS WERE ORIGINATED DURING 2021 AND MORE THAN $1,498,064,328 IN LOAN BALANCES WERE SERVICED DURING 2021.


MEMBERS MAY CHOOSE FROM A NUMBER OF ACCOUNT TYPES INCLUDING REGULAR SHARES, CHECKING, MONEY MARKET, AND RETIREMENT ACCOUNTS. $2,118,448,836 IN DEPOSIT ACCOUNTS WERE MAINTAINED FOR 158,442 MEMBERS DURING 2021.


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Board, Officers & Key Employees

Name (title)Compensation
John Hirabayashi
Ceo/president
$6,746,774
Mark Fitzmorris
Financial Advisor
$475,737
Sam Inman
CFO
$361,078
Susan Verbeck
Chief Lending Officer
$360,429
Roger Rassman
Vice President
$251,717
Jimmy Lovelace
Vice President
$251,176

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pscu
Credit Card Processor
$3,043,161
Fiserv
Atm & Debit Card Processor
$1,224,151
Wahl Media
Marketing Agency
$1,110,040
Q2 Software
Online Banking
$2,029,169
Visa Usa
Credit Card Provider
$1,254,234
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$90,362,844
Investment income $4,357,692
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$7,057
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $94,716,587

Grants Recieved

Over the last fiscal year, we have identified 3 grants that State Chartered Credit Unions In Florida has recieved totaling $44,750.

Awarding OrganizationAmount
National Credit Union Foundation Inc

Madison, WI

PURPOSE: FINANCIAL HEALTH

$18,000
National Credit Union Foundation Inc

Madison, WI

PURPOSE: FINANCIAL HEALTH

$18,000
Southeastern Credit Union Foundation Inc

Tallahassee, FL

PURPOSE: COMMUNITY SUPPORT

$8,750
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Georgia's Own Credit Union
Atlanta, GA
$147,500,350
Fairwinds Credit Union
Orlando, FL
$164,616,807
Robins Financial Credit Union
Warner Robins, GA
$147,788,018
State Chartered Credit Unions In Florida
Jonesville, FL
$122,435,815
Florida Credit Union
Gainesville, FL
$94,300,981
Atlanta Postal Credit Union
Atlanta, GA
$86,141,254
Georgia United Credit Union
Duluth, GA
$80,835,681
State Chartered Credit Unions In Florida
Dunedin, FL
$95,219,795
State Chartered Credit Unions In Florida
Jacksonville, FL
$94,716,587
Lge Community Credit Union
Atlanta, GA
$81,568,561
Associated Credit Union
Norcross, GA
$74,274,351
Max Credit Union
Montgomery, AL
$76,797,432

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