State Chartered Credit Unions In Florida

Organization Overview

State Chartered Credit Unions In Florida, operating under the name First Florida Credit Union, 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, First Florida Credit Union employed 259 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. First Florida 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 12/2021, First Florida Credit Union generated $41.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $35.9m during the year ending 12/2021. While expenses have increased by 5.4% 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

FIRST FLORIDA CU IS DEDICATED TO DELIVERING FINANCIAL SOLUTIONS TO ENRICH MEMBERS' LIVES.

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Truhome Solutions
Mortgage Processing
$1,148,389
Alkami Technology
Data Processor
$482,843
Jack Henry And Associates Inc
Data Processing
$1,342,490
Cu Engage
Consulting
$488,601
At&t
Communication
$551,505
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$37,969,828
Investment income $3,852,072
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$435,134
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,838,326

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

Create an account to unlock the data you need.

or