State Chartered Credit Unions In Florida

Organization Overview

State Chartered Credit Unions In Florida is located in Palatka, 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 12/2021, State Chartered Credit Unions In Florida employed 41 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 $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 0.8% 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

DELIVERING DREAMS THROUGH SIMPLIFIED FINANCIAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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


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Board, Officers & Key Employees

Name (title)Compensation
Gretchen Lunsford
CEO
$220,925
Sandra Prevatt
Evp
$169,543
James Norwood Jr
Chairperson
$0
Linda Osborne
Bod Member
$0
Rudy Howard
Vice Chairperson
$0
Candy Rigdon
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jack Henry & Associates
Software Support
$374,102
Connect Fss
Data Processing
$122,227
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$4,110,677
Investment income $704,215
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 $4,814,892

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