First Coast Community Credit Union

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

EIN: 590642953 ✦ Palatka, FL ✦ Designated as a 501(c)(14)

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Overview

What is First Coast Community Credit Union?

First Coast Community Credit Union, situated in Palatka, Florida, serves as a financial institution primarily for its restricted membership. Funded by the income generated from its members' credit union activities and investments, this nonprofit organization offers simplified financial services, enabling its members to realize their aspirations. With a modest workforce of 44 employees, First Coast Community Credit Union is dedicated to providing essential financial solutions for its members.


Official website here: www.firstcoastccu.com

What do the Facebook reviews say about First Coast Community Credit Union?

94% of reviewers recommend First Coast Community Credit Union. Here is a summary of their reviews:

The overall sentiment reflects a strong appreciation for the organization's customer service. Many users appreciate the friendly atmosphere and the customer-centric approach, indicating that the staff genuinely cares about their financial needs.

Overall, it seems that First Coast Community Credit Union successfully delivers on its promise of providing great service and a supportive environment for its members.


This AI summary has been generated from reviews found on Facebook.

Is First Coast Community Credit Union legitimate?

First Coast Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Coast Community 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: $496,028
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,105,584

For more financial information, click here


Official website here: www.firstcoastccu.com

What is the mission statement of First Coast Community Credit Union?

First Coast Community Credit Union's mission is centered around delivering dreams through simplified financial services. By leveraging income derived from its membership and the investment of members' funds, the organization is able to operate and provide services to its restricted membership base. The credit union's primary focus is on simplifying financial matters, aiming to make financial management more accessible and less complex for its members.


Official website here: www.firstcoastccu.com

Who is the CEO of First Coast Community Credit Union?

Gretchen Lunsford is the Chairperson of First Coast Community Credit Union. The CEO's salary of First Coast Community Credit Union is $213,295 and their total compensation is $270,404.


Official website here: www.firstcoastccu.com

What is the revenue of First Coast Community Credit Union?

First Coast Community Credit Union's revenue in 2022 was $5,329,757.


Official website here: www.firstcoastccu.com

Who are the executives of First Coast Community Credit Union and what are their salaries?

The average compensation at First Coast Community Credit Union during 2022 was $36,400. There are 44 employees and 10 volunteers at First Coast Community Credit Union.


Here are 9 key members and their salaries (First Coast Community Credit Union's CEO's salary is $213,295 and their total compensation is $270,404):


James Norwood Jr (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rudy Howard (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Candy Rigdon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Merritt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Osborne (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betty Poteet (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Reynolds (Bod Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gretchen Lunsford (Ceo)
  • Compensation: $213,295
  • Related: $0
  • Other: $57,109
Sandra Prevatt (Evp)
  • Compensation: $311,947
  • Related: $0
  • Other: $63,677


Official website here: www.firstcoastccu.com

Where can I find the form 990 for First Coast Community Credit Union?

First Coast Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.firstcoastccu.com

Learn more at the official website: www.firstcoastccu.com

Mission Statement of First Coast Community Credit Union

First Coast Community Credit Union, as a financial institution, is dedicated to delivering dreams through simplified financial services. Their mission is centered around utilizing the income derived from their credit union membership and the investment of their members' funds. This financial foundation enables the organization to function effectively and provide essential services to its restricted membership. In essence, First Coast Community Credit Union aims to make financial services more accessible and straightforward for its members, thereby helping them achieve their dreams and financial goals.

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Impact




October, 2024

First Coast Community Credit Union plays a significant role in enhancing the financial well-being of its members in Palatka, FL, by delivering dreams through simplified financial services. The organization’s focus on providing accessible financial products and services helps empower its restricted membership, enabling them to achieve their financial goals. By generating income from membership dues and the investment of members' funds, the credit union builds a sustainable foundation that directly benefits the local community. This approach not only fosters economic stability but also enhances the quality of life for its members, illustrating the credit union's commitment to public benefit and community development.




This information is meant to be a general summary of First Coast Community 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
$5,329,757 (2022)
Expenses
$4,723,368 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,090,369
  • Program Service Revenue: $4,239,388
  • Gross Receipts: $5,329,757

Assets and Liabilities:

  • Total Assets: $155,934,171
  • Total Liabilities: $139,887,446
  • Net Assets: $16,046,725

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Programs

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

INCOME FROM LOANS

Revenue

$2,786,096

FEES/CHARGES/OTHER

Revenue

$1,417,021

FINANCE & INSURANCE

Revenue

$36,271

Organization Details

Founding Year

1948

Principal Officer

Gretchen Lunsford

Main Address

306 S PALM AVENUE, PALATKA, FL, 32177

NTEE Category

Code: W60 - Public benefit

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