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Members First Credit Union Of Florida

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

EIN: 590777511 ✦ Pensacola, FL ✦ Designated as a 501(c)(14)

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Overview

What is Members First Credit Union Of Florida?

Members First Credit Union of Florida is a financial institution based in Pensacola, Florida, serving members in Escambia, Santa Rosa, and Okaloosa counties. With a mission to promote thrift among its members and offer them affordable credit, the credit union provides a range of savings and checking products, including certificates of deposit and Individual Retirement Account (IRA) savings. Their team of 96 employees is dedicated to delivering financial services to over 20,000 members across the region.


Official website here: www.membersfirstfl.org

What are the reviews and ratings of this charity?

Members First Credit Union Of Florida is not currently rated by Charity Navigator. The organization does not have an evaluation as it is not registered as a 501(c)(3) nonprofit, which is required for a formal Charity Navigator assessment. Without this status, traditional evaluation metrics like Accountability & Finance or Impact & Measurement cannot be applied.

The absence of a Charity Navigator rating for this organization should not be taken as either a positive or negative indication. It simply reflects the limitations of the evaluation process for entities that do not fit the 501(c)(3) criteria. Historically, Charity Navigator categorized ratings based on financial accountability, but these are unavailable for this credit union due to its status.

Additionally, no user reviews from GreatNonprofits are available to provide further insights or feedback from the community. Therefore, a comprehensive assessment of the organization's performance and reputation is limited by the absence of both a formal rating and user experiences.


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

Is Members First Credit Union Of Florida legitimate?

Members First Credit Union Of Florida is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members First Credit Union Of Florida 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: $1,673,228
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,953,530

For more financial information, click here


Official website here: www.membersfirstfl.org

What is the mission statement of Members First Credit Union Of Florida?

Members First Credit Union of Florida is dedicated to offering financial services to its members. Its mission is to encourage savings among its members and serve as a reliable source of credit at reasonable interest rates. With over 20,000 members, the credit union prides itself on providing a range of savings products, including savings, checking, certificate of deposit accounts, and IRAs. By promoting thrift, the credit union aims to help its members build financial security and achieve their financial goals.


Official website here: www.membersfirstfl.org

Who is the CEO of Members First Credit Union Of Florida?

Caryl A Greene is the Secretary of Members First Credit Union Of Florida. The CEO's salary of Members First Credit Union Of Florida is $428,555 and their total compensation is $487,633.


Official website here: www.membersfirstfl.org

What is the revenue of Members First Credit Union Of Florida?

Members First Credit Union Of Florida's revenue in 2022 was $12,812,864.


Official website here: www.membersfirstfl.org

Who are the executives of Members First Credit Union Of Florida and what are their salaries?

The average compensation at Members First Credit Union Of Florida during 2022 was $48,195. There are 96 employees and 9 volunteers at Members First Credit Union Of Florida.


Here are 18 key members and their salaries (Members First Credit Union Of Florida's CEO's salary is $428,555 and their total compensation is $487,633):


Charlotte Schipman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Farinas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Mccants (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clarence Ladner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Terrell (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Marmash (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caryl A Greene (President/Ceo)
  • Compensation: $428,555
  • Related: $0
  • Other: $59,078
Michele Williams (Evp/Coo)
  • Compensation: $181,994
  • Related: $0
  • Other: $18,330
Tom Painter (Chief Lending Officer)
  • Compensation: $121,085
  • Related: $0
  • Other: $18,258
Debra Cosson (Chief Financial Officer)
  • Compensation: $125,426
  • Related: $0
  • Other: $13,678
Doug Zepp (Chief Compliance Offier)
  • Compensation: $143,448
  • Related: $0
  • Other: $7,431
Jeff Crutchfield (Chief Information Officer)
  • Compensation: $101,087
  • Related: $0
  • Other: $22,328
Martha Tubb (Vp Human Resources)
  • Compensation: $58,364
  • Related: $0
  • Other: $3,411
Adetoun Sanders (Vp Marketing)
  • Compensation: $80,083
  • Related: $0
  • Other: $9,364
Tammy Miller (Vp Retail Delivery)
  • Compensation: $98,219
  • Related: $0
  • Other: $11,515
Christina Reynolds (Vp Special Projects)
  • Compensation: $72,512
  • Related: $0
  • Other: $3,007
Carrie Gavin (Vp Of Accounting & Compliance)
  • Compensation: $85,903
  • Related: $0
  • Other: $10,152


Official website here: www.membersfirstfl.org

Where can I find the form 990 for Members First Credit Union Of Florida?

Members First Credit Union Of Florida's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.membersfirstfl.org

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

Mission Statement of Members First Credit Union Of Florida

Members First Credit Union Of Florida, a thriving financial institution, is committed to offering financial services to its extensive membership base, numbering over 20,000 individuals. The credit union's primary objective is to encourage thrift among its members and establish a dependable source of credit at reasonable interest rates.

In pursuit of this mission, Members First Credit Union Of Florida provides a range of savings products tailored to meet the needs of its members. These offerings encompass traditional savings and checking accounts, alongside Certificate of Deposit accounts and Individual Retirement Account (IRA) savings and Certificate of Deposit accounts. By providing these competitive savings alternatives, the credit union effectively fosters a culture of savings among its members.

Members First Credit Union Of Florida's dedication to its mission is unwavering. Through its various savings products, the credit union empowers its members to build financial security and prepare for their future. By offering a diverse range of savings solutions, Members First Credit Union Of Florida stands as a trusted partner, enabling its members to take control of their financial futures.

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Impact




October, 2024

Members First Credit Union of Florida plays a significant role in enhancing financial well-being within the local community. By offering a variety of competitive savings products such as savings, checking, and certificate of deposit accounts, the credit union promotes thrift among its more than 20,000 members.

Operating in Escambia, Santa Rosa, and Okaloosa counties, the credit union helps individuals manage their finances effectively while providing a reliable source of credit at fair interest rates. This commitment to financial services fosters economic stability and empowers members to achieve their financial goals, thereby contributing positively to the overall economic health of the region.




This information is meant to be a general summary of Members First Credit Union Of Florida. 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
$12,812,864 (2022)
Expenses
$10,822,150 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,277,129
  • Program Service Revenue: $10,495,266
  • Gross Receipts: $12,812,864

Assets and Liabilities:

  • Total Assets: $296,738,500
  • Total Liabilities: $267,158,403
  • Net Assets: $29,580,097

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Programs

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

INTEREST ON LOANS

Revenue

$6,330,190

SERVICE FEES AND MISCELLANEOUS IN

Revenue

$4,165,076

Organization Details

Founding Year

1954

Principal Officer

Caryl A Greene

Main Address

PO BOX 12983, PENSACOLA, FL, 32591

NTEE Category

Code: W61 - Public benefit

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