State Chartered Credit Unions In Florida

State Chartered Credit Unions In Florida Overview

State Chartered Credit Unions In Florida is located in Melbourne, 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 12/2020, State Chartered Credit Unions In Florida employed 1,097 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 12/2020, State Chartered Credit Unions In Florida generated $246.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $200.9m during the year ending 12/2020. While expenses have increased by 8.2% per year over the past 6 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE VALUE IN COOPERATIVE OWNERSHIP BY PROMOTING THRIFT THROUGH A BROAD ARRAY OF DEPOSIT AND SAVINGS PRODUCTS AND BY PROVIDING A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEPOSIT/SAVINGS PRODUCTS - THE CREDIT UNION PROMOTES THRIFT AND SAVINGS BY MAINTAINING A BROAD ARRAY OF DEPOSIT ACCOUNT PRODUCTS WITH LOW FEES AND HIGH INTEREST RATES.


CONSUMER LOANS - THE CREDIT UNION CREATES LOW COST SOURCES OF CREDIT FOR THE PURPOSES OF OUR MEMBERS PURCHASING AUTOMOBILES AND OTHER RETAIL PRODUCTS AND SERVICES USED IN THEIR DAILY LIVES.


REAL ESTATE LOANS - THE CREDIT UNION CREATES A LOW COST SOURCE OF CREDIT FOR THE PURPOSES OF OUR MEMBERS ATTAINING HOME OWNERSHIP.


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

Name (title)Compensation
Timothy M Antonition
President/ceo
$1,068,806
Peter S Freystaetter
Express Mort Originator
$719,900
Heather E Hickman
Evp/cro
$498,062
Joseph Lewis
Evp/cio
$418,529
Thomas D Zapata
Express Mort Originator
$328,924
Hilary Eisbrenner
Evp/cfo
$308,243

State Chartered Credit Unions In Florida Vendors

Vendor Name (Service)Compensation
Blaxberg Grayson Kukoff And Twombly Pa
Legal
$559,717
Simplifile
Recording Services
$542,989
Clifton Larson Allen
Accounting Services
$297,964
John J Kabboord Jr Pa
Legal
$219,825
Alm First Financial Advisors Llc
Investment Management
$217,875
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$222,993,321
Investment income $8,245,647
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $772,709
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $246,524,634

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