State Chartered Credit Unions In Florida

State Chartered Credit Unions In Florida 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 12/2019, State Chartered Credit Unions In Florida employed 418 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 12/2019, State Chartered Credit Unions In Florida generated $89.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $73.9m during the year ending 12/2019. While expenses have increased by 8.8% 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

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. $707,059,229 IN NEW LOANS WERE ORIGINATED DURING 2019 AND MORE THAN $1,331,944,988 IN LOAN BALANCES WERE SERVICED DURING 2019.


MEMBERS MAY CHOOSE FROM A NUMBER OF ACCOUNT TYPES INCLUDING REGULAR SHARES, CHECKING, MONEY MARKET, AND RETIREMENT ACCOUNTS. $1,483,530,427 IN DEPOSIT ACCOUNTS WERE MAINTAINED FOR 144,436 MEMBERS DURING 2019.


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State Chartered Credit Unions In Florida Board, Officers & Key Employees

Name (title)Compensation
John Hirabayashi
Ceo/president
$978,537
Susan Verbeck
Chief Lending Officer
$528,396
Mark Fitzmorris
Financial Advisor
$410,599
Sam Inman
CFO
$315,392
Jimmy Lovelace
Vice President
$207,048
Roger Rassman
Vice President
$205,209

State Chartered Credit Unions In Florida Vendors

Vendor Name (Service)Compensation
Fiserv
Atm & Debit Card Processor
$2,493,445
Auld And White
Construction
$924,472
Pscu
Credit Card Processor
$2,477,156
Jack Henry & Associates
Core System Provider
$1,068,048
Q2 Software
Online & Mobile Banking Provider
$1,085,355
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$81,037,964
Investment income $8,551,037
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $357,461
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $89,946,257

State Chartered Credit Unions In Florida Grants Recieved

Over the last fiscal year, we have identified 1 grants that State Chartered Credit Unions In Florida has recieved totaling $18,000.

Awarding OrganizationAmount
National Credit Union Foundation Inc

Madison, WI

PURPOSE: FINANCIAL HEALTH

$18,000
View Grant Recipient Profile

State Chartered Credit Unions In Florida Peer Organizations

Organization NameAssets
Georgia's Own Credit Union
Atlanta, GA
$142,869,720
Fairwinds Credit Union
Orlando, FL
$146,664,282
Robins Financial Credit Union
Warner Robins, GA
$144,241,424
State Chartered Credit Unions In Florida
Jonesville, FL
$107,037,570
State Chartered Credit Unions In Florida
Dunedin, FL
$97,809,233
Atlanta Postal Credit Union
Atlanta, GA
$91,838,431
State Chartered Credit Unions In Florida
Jacksonville, FL
$89,946,257
Associated Credit Union
Norcross, GA
$84,842,941
Georgia United Credit Union
Duluth, GA
$78,453,973
Florida Credit Union
Gainesville, FL
$85,476,711
Corporate America Credit Union
Irondale, AL
$80,525,464
Max Credit Union
Montgomery, AL
$74,745,325

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