Fairwinds Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 111644012 ✦ Orlando, FL ✦ Designated as a 501(c)(14)

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Overview

What is Fairwinds Credit Union?

Fairwinds Credit Union, based in Orlando, Florida, is a cooperative nonprofit organization with over 739 employees. Its primary purpose is to encourage thrift among its 223,680 members and provide them with deposit and loan services at fair and reasonable rates. The mission of Fairwinds Credit Union goes beyond just financial services, as it aims to help members improve their economic and social conditions, embarking on a journey towards financial freedom. With a strong commitment to its members, Fairwinds Credit Union served them efficiently in 2022.


Official website here: www.fairwinds.org

Is Fairwinds Credit Union legitimate?

Fairwinds Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Fairwinds Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $16,667,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,898,836

For more financial information, click here


Official website here: www.fairwinds.org

What is the mission statement of Fairwinds Credit Union?

Fairwinds Credit Union is a cooperative, non-profit organization established under Florida state law, dedicated to encouraging savings among its members and providing affordable credit. Its objective is to empower members to manage their financial resources in a democratic manner, aiming to improve their economic and social condition. Fairwinds Credit Union's mission is centered around changing members' lives by guiding them on their path to financial freedom. During the year 2022, the credit union served 223,680 members, offering various deposit and loan services.


Official website here: www.fairwinds.org

Who is the CEO of Fairwinds Credit Union?

Larry Tobin is the CEO of Fairwinds Credit Union The CEO's salary of Fairwinds Credit Union is $4,142,737 and their total compensation is $5,256,715.


Official website here: www.fairwinds.org

What is the revenue of Fairwinds Credit Union?

Fairwinds Credit Union's revenue in 2023 was $214,504,612.


Official website here: www.fairwinds.org

Who are the executives of Fairwinds Credit Union and what are their salaries?

The average compensation at Fairwinds Credit Union during 2023 was $64,675. There are 720 employees and 10 volunteers at Fairwinds Credit Union.

Here are 20 key members and their salaries (Fairwinds Credit Union's CEO's salary is $4,142,737 and their total compensation is $5,256,715):


Carol Denton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mahony (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Krahmer (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mack Perry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Leigh (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Snead (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Albu (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Tobin (Ceo/President)
  • Compensation: $4,142,737
  • Related: $0
  • Other: $1,113,978
Kathy Chonody (Sr Evp-Cfo)
  • Compensation: $5,799,938
  • Related: $0
  • Other: $528,951
Phillip Tischer (Sr Evp-Coo)
  • Compensation: $1,030,000
  • Related: $0
  • Other: $576,250
James Adamczyk (Sr Evp-Cso)
  • Compensation: $678,529
  • Related: $0
  • Other: $420,115
Charles Lai (Exec Vp-Cio)
  • Compensation: $515,892
  • Related: $0
  • Other: $120,854
Mathy Hogan (Exec Vp-Payments & Digital Banking)
  • Compensation: $522,336
  • Related: $0
  • Other: $71,247
Dianne Owen (Exec Vp-Sales & Marketing)
  • Compensation: $478,757
  • Related: $0
  • Other: $96,861
Cathy Hertz (Exec Vp-Human Resources)
  • Compensation: $522,529
  • Related: $0
  • Other: $48,130
Thomas Howell (Vp-Financial Advisor)
  • Compensation: $844,469
  • Related: $0
  • Other: $40,200
Thomas Baldwin Iii (Svp-Retail Banking & Wealth Management)
  • Compensation: $340,162
  • Related: $0
  • Other: $55,277
Jorge M Font (Svp-Business Services)
  • Compensation: $374,142
  • Related: $0
  • Other: $68,980
Kimberly Wightman (Svp-Finance/Controller)
  • Compensation: $494,999
  • Related: $0
  • Other: $28,888
Bryan Meizinger (Svp-Lending)
  • Compensation: $368,930
  • Related: $0
  • Other: $36,860


Official website here: www.fairwinds.org

Where can I find the form 990 for Fairwinds Credit Union?

Fairwinds Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.fairwinds.org

Learn more at the official website: www.fairwinds.org

Mission Statement of Fairwinds Credit Union

Fairwinds Credit Union, a cooperative association based in Florida, was established with the primary objective of encouraging thrift among its members and creating sources of credit at fair and reasonable rates. Embodying a democratic spirit, this nonprofit organization allows its members to control and utilize their resources collectively to improve their economic and social conditions.

At the core of Fairwinds Credit Union's mission lies the goal of changing members' lives as they journey towards financial freedom. By offering a range of deposit and loan services, the credit union empowers its 223,680 members to take control of their financial situations and build a more prosperous future.

Through the cooperative structure of Fairwinds Credit Union, members have the unique opportunity to pool their resources and benefit from the collective strength of the group. This democratically-governed financial institution fosters a sense of community and unity among its members, all working towards improving their economic conditions.

Fairwinds Credit Union's mission is an ongoing commitment to helping its members achieve financial stability and prosperity. By providing essential financial services and fostering a supportive and inclusive environment, the credit union enables its members to overcome financial challenges and build a brighter future.

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Impact




October, 2024

Fairwinds Credit Union plays a vital role in fostering financial well-being within the community by promoting thrift, offering access to reasonably priced credit, and empowering members to manage their financial resources democratically. With a membership base of over 223,680 individuals, Fairwinds provides a comprehensive array of deposit and loan services designed to improve both the economic and social conditions of its members.

By emphasizing the mission of changing members' lives on their journey to financial freedom, Fairwinds Credit Union makes a meaningful impact in Orlando and beyond, facilitating access to essential financial services that support individual and community growth. Through its cooperative structure, members have a voice in the operations and direction of the credit union, ensuring that the institution remains responsive to their needs and aspirations.




This information is meant to be a general summary of Fairwinds Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$214,504,612 (2023)
Expenses
$169,187,861 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $31,463,190
  • Program Service Revenue: $177,962,125
  • Gross Receipts: $214,504,612

Assets and Liabilities:

  • Total Assets: $4,460,813,071
  • Total Liabilities: $4,235,461,416
  • Net Assets: $225,351,655

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME ON LOANS

Revenue

$120,805,625

FEES, CHARGES, & OTHER

Revenue

$57,156,500

Organization Details

Founding Year

1949

Principal Officer

Larry F Tobin

NTEE Category

Code: W60 - Public benefit

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