Orlando Credit Union
- Assets
- $313.7m
- Revenue
- $14.7m
- Investments
- $3.3m
- Employees
- 114
- Location
- Orlando, FL
- Founding
- Data as of
- 12/2021
- EIN
- 59-1517872
Organization Overview
Orlando Credit Union is located in Orlando, FL. As of 12/2021, Orlando Credit Union employed 114 individuals. Orlando 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, Orlando Credit Union generated $14.7m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $13.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORLANDO CREDIT UNION WAS FOUNDED ON THE UNIVERSAL CREDIT UNION CREED OF NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICE." IT'S WHY NEARLY 25,000 MEMBERS TURN TO US STILL, MORE THAN 80 YEARS AFTER WE WERE FOUNDED.
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 CREDIT UNION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Weinstein President/ceo | Officer | 50 | $339,089 |
Thomas Dobbs CFO | Officer | 50 | $172,019 |
Victor Gonzalez VP Of It | 50 | $157,488 | |
Cliff Sweet VP Of Retail Operations | 50 | $155,326 | |
Sharon Barry VP Of Member Experience | 50 | $142,405 | |
Rabih Mohamad-Ali Mortgage Loan Officer | 50 | $130,781 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jack Henry & Associates Inc Financial Technology Services | 12/30/21 | $392,923 |
Ncr Corporation Software Company | 12/30/21 | $492,995 |
Salesforcecom Inc Marketing Company | 12/30/21 | $201,983 |
Scott Randolph Tax Collector County Tax Collector | 12/30/21 | $179,391 |
Business Alliance Financial Services Ll Commerical Lending Services | 12/30/21 | $110,077 |
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 | $14,193,260 |
| Investment income | $468,068 |
| 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 | $14,661,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $777,918 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,448,679 |
| Pension plan accruals and contributions | $187,600 |
| Other employee benefits | $731,048 |
| Payroll taxes | $365,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111,736 |
| Fees for services: Accounting | $89,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,170 |
| Advertising and promotion | $321,466 |
| Office expenses | $332,521 |
| Information technology | $1,744,613 |
| Royalties | $0 |
| Occupancy | $522,590 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,619 |
| Interest | $617,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $885,834 |
| Insurance | $121,661 |
| All other expenses | $215,195 |
| Total functional expenses | $13,159,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,367,664 |
| Savings and temporary cash investments | $39,095,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $185,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $194,253,414 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $634,781 |
| Net Land, buildings, and equipment | $11,507,085 |
| Investments—publicly traded securities | $47,136,871 |
| Investments—other securities | $3,291,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,242,792 |
| Total assets | $313,715,369 |
| Accounts payable and accrued expenses | $3,270,721 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $288,103,952 |
| Total liabilities | $291,374,673 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $22,340,696 |
| Total liabilities and net assets/fund balances | $313,715,369 |
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South Alabama Electric Cooperative Troy, AL | $170,308,337 | $49,282,613 |
Gulf Coast Electric Coop Inc Wewahitchka, FL | $224,365,619 | $58,878,465 |
Meridian Behavioral Healthcare Inc Gainesville, FL | $28,925,919 | $54,907,387 |
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Morton Plant Mease Health Services Inc Clearwater, FL | $47,164,450 | $51,425,427 |