Overview
What is Florida Credit Union?
Florida Credit Union is a nonprofit organization based in Gainesville, Florida. They generate income primarily from their credit union membership and the investment of their members' funds, which serves as the foundation for their operations and the provision of services to their restricted membership. The organization, with a staff of 396 employees, aims to use these resources effectively to fulfill their mission.
Official website here: www.flcu.org
Is Florida Credit Union legitimate?
Florida Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 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: $4,655,344
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,818,328
For more financial information, click here
Official website here: www.flcu.org
What is the mission statement of Florida Credit Union?
Florida Credit Union operates with funds generated from its membership and investments made by members. This financial foundation enables the organization to effectively serve its limited membership base. The credit union's mission focuses on using these resources to provide essential services to its members. By relying on the support and trust of its members, the credit union is able to thrive and make a positive impact in their lives. Together, the members and the credit union build a strong community through financial collaboration and shared benefits.
Official website here: www.flcu.org
Who is the CEO of Florida Credit Union?
Mark Starr is the CEO of Florida Credit Union The CEO's salary of Florida Credit Union is $1,750,296 and their total compensation is $1,821,329.
Official website here: www.flcu.org
What is the revenue of Florida Credit Union?
Florida Credit Union's revenue in 2024 was $169,400,383.
Official website here: www.flcu.org
Who are the executives of Florida Credit Union and what are their salaries?
The average compensation at Florida Credit Union during 2024 was $68,662. There are 371 employees and 8 volunteers at Florida Credit Union.
Here are 22 key members and their salaries (Florida Credit Union's CEO's salary is $1,750,296 and their total compensation is $1,821,329):
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- Compensation: $457,101
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- Other: $60,697
- Compensation: $452,816
- Related: $0
- Other: $124,814
- Compensation: $1,750,296
- Related: $0
- Other: $71,033
- Compensation: $498,280
- Related: $0
- Other: $68,616
- Compensation: $395,559
- Related: $0
- Other: $64,011
- Compensation: $302,669
- Related: $0
- Other: $62,651
- Compensation: $319,435
- Related: $0
- Other: $39,389
- Compensation: $224,378
- Related: $0
- Other: $38,822
- Compensation: $254,810
- Related: $0
- Other: $50,790
- Compensation: $202,781
- Related: $0
- Other: $36,323
- Compensation: $185,152
- Related: $0
- Other: $32,538
- Compensation: $190,350
- Related: $0
- Other: $40,329
- Compensation: $172,255
- Related: $0
- Other: $50,334
- Compensation: $193,715
- Related: $0
- Other: $35,929
Official website here: www.flcu.org
Where can I find the form 990 for Florida Credit Union?
Florida Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.flcu.org
Learn more at the official website: www.flcu.org
Mission Statement of Florida Credit Union
Florida Credit Union serves as a financial institution that caters to a limited membership. The organization derives its income primarily from its membership base and the investment of their deposited funds. This financial foundation enables Florida Credit Union to effectively operate and extend its services to its exclusive community.
In more detail, Florida Credit Union's mission is grounded in the financial contributions of its members and the wise allocation of their investments. This economic base provides the strength and stability required for the credit union to thrive and deliver essential financial services to its constituents. The organization's primary focus is on utilizing its resources to meet the unique needs of its restricted membership. The ultimate goal is to create a strong, self-sustaining entity that serves its community in a meaningful and impactful way.
Florida Credit Union's role extends beyond just financial transactions. As a cooperative, the organization aims to foster a sense of unity and solidarity among its members. By pooling their resources together, members not only gain access to better financial opportunities but also contribute to a collective financial institution that benefits everyone. In this way, Florida Credit Union builds a strong community of individuals who share a common financial future.
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Impact
October, 2024
Florida Credit Union significantly impacts its community by providing vital financial services and support to its members. Operating in Gainesville, FL, it generates income through membership fees and the investment of member funds, allowing it to function effectively and cater to the specific needs of its member base.
By focusing on the financial well-being of its members, Florida Credit Union offers a range of services such as savings accounts, loans, and financial education programs. This not only helps individual members achieve their financial goals but also contributes to the overall economic health of the community. The credit union's commitment to serving its restricted membership fosters a sense of community and provides accessible financial resources, thereby enhancing the public benefit.
This information is meant to be a general summary of 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $136,675,700
- Program Service Revenue: $36,323,961
- Gross Receipts: $173,288,966
Assets and Liabilities:
- Total Assets: $1,967,340,964
- Total Liabilities: $1,742,592,206
- Net Assets: $224,748,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Operating Income
Revenue
$35,905,453
Mechanical Breakdown
Revenue
$386,698
ATM Surcharges
Revenue
$31,810
Organization Details
Founding Year
1950
Principal Officer
Mark Starr
Website
www.flcu.orgNTEE Category
Code: W60 - Public benefit
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