State Chartered Credit Unions In Florida First Florida Credit Union

First Florida 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: 590705380 ✦ Jacksonville, FL ✦ Designated as a 501(c)(14)

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Overview

What is State Chartered Credit Unions In Florida First Florida Credit Union?

First Florida Credit Union, a state-chartered credit union based in Jacksonville, Florida, boasts a membership that fuels its operations through income earned from their membership and the investment of their funds. This financial institution is committed to enriching its members' lives by delivering tailored financial solutions. With a team of 259 dedicated employees, they provide essential services to their restricted membership.


Official website here: www.firstflorida.org

What are the reviews and ratings of this charity?

Charity Navigator does not currently rate First Florida Credit Union due to its status as a subordinate organization in a group ruling and not being a 501(c)(3) IRS registered nonprofit. The absence of a rating means the organization has not been evaluated under the current criteria, which focus on different aspects like Accountability & Finance and Impact & Measurement.

Without specific revenue, expense, or key salary data available, Charity Navigator's evaluation is limited, particularly considering that First Florida Credit Union doesn’t align with the typical nonprofit structure they assess. Historically, evaluations would have been based on accountability and financial transparency, lacking the broader scope now employed for other organizations.

No user reviews are available on GreatNonprofits for First Florida Credit Union. Consequently, there is no direct public feedback to offer insight into personal experiences with this credit union, leaving the public without anecdotal reference points for evaluating its community impact and service quality.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about State Chartered Credit Unions In Florida First Florida Credit Union?

78% of 265 reviewers on Facebook recommend First Florida Credit Union. Here is a summary of their reviews:

Many users express a strong appreciation for the credit union, describing it as their favorite banking option. Positive comments highlight satisfaction with the services and overall positive experiences.

Despite the high recommendation rate, some reviews lack detailed feedback, making it difficult to assess any specific concerns or areas for improvement. Overall, the sentiment towards First Florida Credit Union is largely favorable, indicating that most patrons feel content and supported by the institution.


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

Is State Chartered Credit Unions In Florida First Florida Credit Union legitimate?

State Chartered Credit Unions In Florida First Florida Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Unions In Florida First Florida 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: $1,876,835
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,214,807

For more financial information, click here


Official website here: www.firstflorida.org

What is the mission statement of State Chartered Credit Unions In Florida First Florida Credit Union?

First Florida Credit Union is committed to enhancing the financial lives of its members by delivering suitable financial solutions. The credit union's mission is centered on utilizing income from membership and investments to establish a solid foundation for providing services to its restricted membership. By focusing on members' financial well-being, First Florida Credit Union aims to enrich their lives in various ways. The organization's dedication to its members extends beyond just financial services, as it strives to create sustainable financial solutions that cater to their unique needs. The credit union's goal is to empower its members to make informed decisions and take control of their financial futures.


Official website here: www.firstflorida.org

Who is the CEO of State Chartered Credit Unions In Florida First Florida Credit Union?

Brent E Lister is the Principal Officer of State Chartered Credit Unions In Florida First Florida Credit Union. The CEO's salary of State Chartered Credit Unions In Florida First Florida Credit Union is $806,063 and their total compensation is $859,499.


Official website here: www.firstflorida.org

What is the revenue of State Chartered Credit Unions In Florida First Florida Credit Union?

State Chartered Credit Unions In Florida First Florida Credit Union's revenue in 2022 was $48,027,529.


Official website here: www.firstflorida.org

Who are the executives of State Chartered Credit Unions In Florida First Florida Credit Union and what are their salaries?

The average compensation at State Chartered Credit Unions In Florida First Florida Credit Union during 2022 was $50,547. There are 259 employees and 10 volunteers at State Chartered Credit Unions In Florida First Florida Credit Union.


Here are 19 key members and their salaries (State Chartered Credit Unions In Florida First Florida Credit Union's CEO's salary is $806,063 and their total compensation is $859,499):


Jonathan R Lyon (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cornita Riley (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard M Hood (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Magyar (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Bull (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Willis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy H Meier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Peters (Associate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
June Scarlett (Associate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Lister (President/Ceo)
  • Compensation: $806,063
  • Related: $0
  • Other: $53,436
Bradley A Long (Evp Finance)
  • Compensation: $330,130
  • Related: $0
  • Other: $49,894
Joseph Carpenter (Evp Operations)
  • Compensation: $336,847
  • Related: $0
  • Other: $51,940
Elizabeth Polk (Svp Administration)
  • Compensation: $219,556
  • Related: $0
  • Other: $28,969
Michelle Troha (Svp Marketing)
  • Compensation: $168,700
  • Related: $0
  • Other: $41,092
Timothy Brown (Svp Information Technology)
  • Compensation: $193,789
  • Related: $0
  • Other: $25,116
Andrea Hurley (Svp Risk Management)
  • Compensation: $181,028
  • Related: $0
  • Other: $25,755
Richard Markley (Svp Operations)
  • Compensation: $195,235
  • Related: $0
  • Other: $31,661
Christian Barnett (Managing Director Ffis)
  • Compensation: $188,308
  • Related: $0
  • Other: $37,783


Official website here: www.firstflorida.org

Where can I find the form 990 for State Chartered Credit Unions In Florida First Florida Credit Union?

State Chartered Credit Unions In Florida First Florida Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.firstflorida.org

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

Mission Statement of State Chartered Credit Unions In Florida First Florida Credit Union

First Florida Credit Union, a state-chartered credit union, is committed to enhancing the lives of its members through the delivery of financial solutions. The organization's mission is geared towards utilizing income derived from membership and investments to create a solid foundation, enabling it to offer essential services to its restricted membership.

First Florida Credit Union stands out by focusing on enriching members' lives via financial solutions. By leveraging resources from its membership base and investments, the credit union is able to carry out its mission effectively. The financial solutions it provides are designed to add value to members' lives, thereby making a significant impact on their overall well-being.

In practical terms, First Florida Credit Union offers various financial products and services to cater to the diverse needs of its members. These range from savings and checking accounts to loans and credit cards. By providing affordable financial services, the credit union empowers its members to manage their finances effectively, thereby contributing to their financial stability and long-term financial health. Additionally, the credit union's member-focused approach ensures that its services are tailored to meet the specific needs of its members, making it an invaluable resource within the financial services landscape.

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Impact




October, 2024

State Chartered Credit Unions In Florida First Florida Credit Union plays a crucial role in enhancing the financial well-being of its members. Situated in Jacksonville, the credit union is focused on delivering tailored financial solutions that aim to enrich the lives of its members. By providing a range of services that include savings accounts, loans, and financial education, it addresses the diverse needs of its restricted membership.

The credit union's income, generated from membership fees and the investment of members' funds, serves as a foundation for its operations. This financial model enables First Florida Credit Union to offer competitive rates and lower fees compared to traditional banks, making financial services more accessible. The organization is fully committed to fostering strong relationships within the community, emphasizing member satisfaction and financial literacy.

Overall, First Florida Credit Union significantly impacts the financial landscape in its region by empowering members with the tools and resources they need to achieve their financial goals, ultimately promoting a healthier economy in Florida.




This information is meant to be a general summary of State Chartered Credit Unions In Florida First Florida 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
$48,027,529 (2022)
Expenses
$40,848,476 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,126,004
  • Program Service Revenue: $40,471,311
  • Gross Receipts: $60,491,653

Assets and Liabilities:

  • Total Assets: $1,386,119,924
  • Total Liabilities: $1,256,738,182
  • Net Assets: $129,381,742

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Programs

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

LOANS TO MEMBERS

Revenue

$32,643,093

FEES/CHARGES/OTHER

Revenue

$7,828,218

Organization Details

Founding Year

1950

Principal Officer

Brent E Lister

Main Address

500 WEST 1ST STREET, JACKSONVILLE, FL, 32202

NTEE Category

Code: W60 - Public benefit

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