Brightstar Credit Union

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

EIN: 590653174 ✦ Cooper city, FL ✦ Designated as a 501(c)(14)

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Overview

What is Brightstar Credit Union?

Brightstar Credit Union is a significant credit union based in South Florida, with assets exceeding $420 million. Established with a mission to serve Broward School Employees and their families, it has grown into one of the largest credit unions in the region. Brightstar Credit Union offers financial services and resources to its members.

Is Brightstar Credit Union legitimate?

Brightstar Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Brightstar 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: $2,474,632
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,818,262

For more financial information, click here

What is the mission statement of Brightstar Credit Union?

Brightstar Credit Union is a significant financial institution in South Florida, with assets surpassing $420 million. Established with a mission to serve Broward School Employees and their families, the credit union has grown into one of the largest in the region. Its primary objective is to provide financial services and solutions to its members. The credit union's commitment extends beyond transactional banking, aiming to contribute positively to its community and members' financial well-being. Through various offerings and initiatives, Brightstar Credit Union strives to create a sustainable financial ecosystem that empowers its members to achieve their financial goals.

Who is the CEO of Brightstar Credit Union?

Unavailable The CEO's salary of Brightstar Credit Union is $1,026,837 and their total compensation is $1,189,491.

What is the revenue of Brightstar Credit Union?

Brightstar Credit Union's revenue in 2022 was $37,021,233.

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

The average compensation at Brightstar Credit Union during 2022 was $42,533. There are 242 employees and 9 volunteers at Brightstar Credit Union.


Here are 21 key members and their salaries (Brightstar Credit Union's CEO's salary is $1,026,837 and their total compensation is $1,189,491):


Michael A Tomko (President Ceo)
  • Compensation: $1,026,837
  • Related: $0
  • Other: $162,654
Biana Murnane (Evp Of Finance Cfo)
  • Compensation: $412,537
  • Related: $0
  • Other: $68,999
David Mateo (Commercial Avp Lending Services)
  • Compensation: $400,811
  • Related: $0
  • Other: $24,105
Neil Jay Dietz (Vp Lending)
  • Compensation: $223,462
  • Related: $0
  • Other: $15,635
James Huaman (Vp Information Technology)
  • Compensation: $221,379
  • Related: $0
  • Other: $9,231
Dustin Lee Jacobs (Vp Marketing)
  • Compensation: $210,332
  • Related: $0
  • Other: $28,268
Panzina Hill (Vp Human Resources)
  • Compensation: $169,699
  • Related: $0
  • Other: $18,704
Natasha Schneider (Avp Controller)
  • Compensation: $149,501
  • Related: $0
  • Other: $12,750
Amanda Ruddy (Avp - Branch Operations)
  • Compensation: $130,142
  • Related: $0
  • Other: $23,031
Ricardo Acosta (Talent Development Manager)
  • Compensation: $130,026
  • Related: $0
  • Other: $17,659
Gabriel R Perez (Information Technology Manager)
  • Compensation: $123,216
  • Related: $0
  • Other: $12,294
Carlos Ospino (Vp Operations)
  • Compensation: $66,992
  • Related: $0
  • Other: $6,351
Wendy Lutheran (Vp Human Resources)
  • Compensation: $6,551
  • Related: $0
  • Other: $0
William Hennessey (Board Member)
  • Compensation: $8,220
  • Related: $0
  • Other: $0
Colin Battle (Chairman)
  • Compensation: $3,266
  • Related: $0
  • Other: $0
William Lawrence (Supervisory Committee)
  • Compensation: $2,694
  • Related: $0
  • Other: $0
Brian Sullivan (Board Member)
  • Compensation: $647
  • Related: $0
  • Other: $0
James Notter (Vice Chairman)
  • Compensation: $578
  • Related: $0
  • Other: $0
Kevin Cronin (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Quercia (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Robinson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Brightstar Credit Union?

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

Mission Statement of Brightstar Credit Union

Brightstar Credit Union, a significant financial institution in South Florida, boasts assets exceeding $420 million. Established with a mission to serve the Broward School Employees and their families, this credit union has grown to become one of the largest in the region.

At its core, Brightstar Credit Union is dedicated to providing financial services to its members. Originating from a desire to support the Broward School community, the credit union has expanded its reach beyond education sector employees, welcome to a broader demographic.

Brightstar Credit Union's commitment to its members is evident in its comprehensive range of financial services. These offerings enable members to manage their money effectively, save for the future, and access credit when needed. The credit union's size and resources allow it to offer competitive rates and flexible terms on loans and mortgages, credit cards, and other financial products. Additionally, Brightstar Credit Union offers various savings and investment options, ensuring that members can grow their wealth over time.

Brightstar Credit Union prides itself on its member-focused approach, prioritizing the financial well-being of its community. This philosophy is reflected in the credit union's strong corporate values, which emphasize transparency, accountability, and social responsibility. Through its various financial education programs and resources, Brightstar Credit Union empowers its members to make informed financial decisions and take control of their financial futures.

In summary, Brightstar Credit Union is more than just a financial institution. It is a trusted partner dedicated to the financial success and well-being of its members, with a rich history of serving the Broward School community and a mission to continue growing and expanding its reach.

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Impact




October, 2024

Brightstar Credit Union plays a significant role in the financial well-being of the communities it serves in South Florida. With assets totaling over $420 million, it stands as one of the largest credit unions in the region, providing essential financial services to a broad member base. Originally established to support Broward School Employees and their families, Brightstar Credit Union continues to foster a sense of community by offering beneficial financial products and services tailored to the needs of its members.

The credit union's commitment to public benefit extends beyond its members, as it actively engages in local initiatives and supports educational programs, helping to enhance financial literacy and empower individuals within the community. By prioritizing member needs, Brightstar not only promotes financial stability but also contributes to the overall economic health of South Florida, making a tangible impact in the lives of many.




This information is meant to be a general summary of Brightstar 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
$37,021,233 (2022)
Expenses
$30,244,931 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,805,891
  • Program Service Revenue: $22,054,032
  • Gross Receipts: $38,524,547

Assets and Liabilities:

  • Total Assets: $765,497,639
  • Total Liabilities: $704,381,075
  • Net Assets: $61,116,564

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Programs

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

Member Loan Interest Income

Revenue

$22,054,032

Organization Details

Founding Year

1946

Main Address

3400 N UNIVERSITY DR, COOPER CITY, FL, 33024

NTEE Category

Code: W60 - Public benefit

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