Overview
What is We Florida Financial?
We Florida Financial is a credit union based in Margate, Florida, with a mission to encourage savings among its over 40,000 members across 46 counties in the state. Established as a cooperative, non-profit organization under Florida law, the credit union offers a range of insured deposit products designed for both small and medium savers. The organization prides itself on providing credit and credit-related products at fair and reasonable rates, allowing members to control and use their resources democratically. We Florida Financial's operations include serving as a source of credit for members and promoting thrift within the community. The credit union employs 199 individuals to support these efforts.
Official website here: www.wefloridafinancial.com
What are the reviews and ratings of this charity?
We Florida Financial is not currently rated by Charity Navigator. The absence of a rating does not indicate any positive or negative assessment, but rather that the organization has not been evaluated due to its status. Because it isn't a 501(c)(3) IRS registered nonprofit, standard evaluation metrics like Accountability & Finance or Impact & Measurement cannot be applied.
As We Florida Financial is not registered as a 501(c)(3), it's not eligible for tax-deductible contributions. Without electronically-filed Form 990 data, detailed financial information, such as revenue, expenses, or key personnel salaries, is unavailable. Charity Navigator focuses ratings on IRS-registered 501(c)(3) entities, a category to which this organization does not belong.
There are no user reviews available from GreatNonprofits for We Florida Financial, leaving a gap in direct feedback from those familiar with its operations. This limits the ability to provide community-based insights regarding its effectiveness or impact.
This AI summary has been generated from information found on Charity Navigator.
Is We Florida Financial legitimate?
We Florida Financial is a legitimate nonprofit organization registered as a 501(c)(14) entity. We Florida Financial 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: $1,046,109
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,740,000
For more financial information, click here
Official website here: www.wefloridafinancial.com
What is the mission statement of We Florida Financial?
We Florida Financial is a cooperative, non-profit organization founded under Florida state law to encourage savings among its members and create a source of credit for them at reasonable rates. The credit union's mission is to promote thrift and offer affordable credit to its members. With a membership base larger than 40,000, the credit union serves individuals in 46 Florida counties. The financial institution provides a range of insured deposit products designed to help both small and medium savers.
Official website here: www.wefloridafinancial.com
Who is the CEO of We Florida Financial?
Robert D Ramirez is the Principal Officer of We Florida Financial. The CEO's salary of We Florida Financial is $547,348 and their total compensation is $585,696.
Official website here: www.wefloridafinancial.com
What is the revenue of We Florida Financial?
We Florida Financial's revenue in 2022 was $42,283,714.
Official website here: www.wefloridafinancial.com
Who are the executives of We Florida Financial and what are their salaries?
The average compensation at We Florida Financial during 2022 was $59,227. There are 199 employees and 9 volunteers at We Florida Financial.
Here are 15 key members and their salaries (We Florida Financial's CEO's salary is $547,348 and their total compensation is $585,696):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $547,348
- Related: $0
- Other: $38,348
- Compensation: $228,830
- Related: $0
- Other: $21,396
- Compensation: $206,357
- Related: $0
- Other: $3,829
- Compensation: $195,055
- Related: $0
- Other: $18,979
- Compensation: $156,808
- Related: $0
- Other: $20,284
- Compensation: $176,923
- Related: $0
- Other: $34,290
- Compensation: $228,122
- Related: $0
- Other: $19,865
- Compensation: $161,113
- Related: $0
- Other: $10,251
Official website here: www.wefloridafinancial.com
Where can I find the form 990 for We Florida Financial?
We Florida Financial's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wefloridafinancial.com
Learn more at the official website: www.wefloridafinancial.com
Mission Statement of We Florida Financial
We Florida Financial, a cooperative non-profit organization based in Florida, is on a mission to foster thrift among its members and provide them with affordable credit solutions. Established under the laws of the State of Florida, this credit union aims to encourage its members to save while creating a reliable source of credit and financial products at reasonable rates.
The organization's primary goal is to help its over 40,000 members accumulate savings and access financial resources in a democratic way. We Florida Financial offers an array of insured deposit products, carefully crafted for both small and medium-sized savers, to incentivize thrift and financial growth.
As a not-for-profit institution, We Florida Financial is dedicated to creating opportunities for its members to manage and utilize their resources effectively. By offering credit products at fair rates, the credit union empowers its members to improve their financial situations and build a stronger financial future.
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Impact
October, 2024
We Florida Financial significantly impacts its members and the broader community by promoting financial well-being and encouraging responsible financial practices. With a membership exceeding 40,000 across 46 counties in Florida, it provides essential financial services that empower individuals to save and access credit at fair rates.
By offering a variety of insured deposit products, We Florida Financial caters to small and medium savers, making it easier for them to cultivate their financial resources. This focus on thrift not only aids members in managing their savings but also fosters a sense of community and cooperation among them.
Additionally, We Florida Financial’s mission to offer credit resources at reasonable interest rates plays a vital role in enhancing financial access for its members, which in turn contributes to the economic stability of the regions it serves. The promotion of democratic control in resource management ensures that members have a voice in their financial cooperative, thereby strengthening community ties. Overall, We Florida Financial serves as a foundational financial institution that prioritizes the needs of its members while contributing positively to the economic vitality of Florida.
This information is meant to be a general summary of We Florida Financial. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,812,034
- Program Service Revenue: $20,622,500
- Gross Receipts: $50,404,559
Assets and Liabilities:
- Total Assets: $752,616,950
- Total Liabilities: $699,808,683
- Net Assets: $52,808,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$20,622,500
Organization Details
Founding Year
1952
Phone
(954) 522-2705Principal Officer
Robert D Ramirez
Main Address
1982 NORTH STATE ROAD 7, MARGATE, FL, 33063
Website
www.wefloridafinancial.comNTEE Category
Code: W60 - Public benefit
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