State Chartered Credit Unions In Florida Priority One Credit Union Of Florida

Priority One Credit Union Of Florida

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

EIN: 590787574 ✦ Sunrise, FL ✦ Designated as a 501(c)(14)

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Overview

What is State Chartered Credit Unions In Florida Priority One Credit Union Of Florida?

State Chartered Credit Union in Florida, known as Priority One Credit Union of Florida, is a nonprofit organization based in Sunrise, Florida. Serving Broward, Miami-Dade, and Palm Beach counties, the credit union offers a diverse range of financial services. These include deposit and loan products, an ATM/Debit program, a car buying program, and online banking. The credit union concluded the year with 9,583 members and granted 1,449 loans, totaling $37,859,515. Priority One Credit Union of Florida has two physical branch locations and numerous remote options through various ATM networks and shared service centers. Their primary mission is to improve the financial lives of their members through consistent service.


Official website here: www.priorityonefl.org

Is State Chartered Credit Unions In Florida Priority One Credit Union Of Florida legitimate?

State Chartered Credit Unions In Florida Priority One Credit Union Of Florida is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Unions In Florida Priority One 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: $154,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,843,948

For more financial information, click here


Official website here: www.priorityonefl.org

What is the mission statement of State Chartered Credit Unions In Florida Priority One Credit Union Of Florida?

The mission of State Chartered Credit Unions In Florida, specifically Priority One Credit Union, is centered around enhancing the financial lives of its members. They achieve this through consistent service. By providing a variety of deposit and loan products, car buying programs, online banking, and other services, they aim to positively impact their members' financial well-being. Throughout the years, they have served a growing membership base, granting numerous loans and ending the year with over 9,500 members. Their commitment to service extends beyond their physical branches, with remote options available through various ATM networks and shared service centers.


Official website here: www.priorityonefl.org

Who is the CEO of State Chartered Credit Unions In Florida Priority One Credit Union Of Florida?

Deana Hennessey is the Ceo of State Chartered Credit Unions In Florida Priority One Credit Union Of Florida. The CEO's salary of State Chartered Credit Unions In Florida Priority One Credit Union Of Florida is $154,507 and their total compensation is $167,224.


Official website here: www.priorityonefl.org

What is the revenue of State Chartered Credit Unions In Florida Priority One Credit Union Of Florida?

State Chartered Credit Unions In Florida Priority One Credit Union Of Florida's revenue in 2022 was $5,882,262.


Official website here: www.priorityonefl.org

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

The average compensation at State Chartered Credit Unions In Florida Priority One Credit Union Of Florida during 2022 was $39,969. There are 50 employees and 9 volunteers at State Chartered Credit Unions In Florida Priority One Credit Union Of Florida.


Here are 7 key members and their salaries (State Chartered Credit Unions In Florida Priority One Credit Union Of Florida's CEO's salary is $154,507 and their total compensation is $167,224):


Deana Hennessy (Ceo)
  • Compensation: $154,507
  • Related: $0
  • Other: $12,717
Jerome Schwab (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Levora Holt (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Ekle (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alana Ragoonan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gil Amara (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Destiny D Dejesus (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.priorityonefl.org

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

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


Official website here: www.priorityonefl.org

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

Mission Statement of State Chartered Credit Unions In Florida Priority One Credit Union Of Florida

Priority One Credit Union of Florida, as a state-chartered credit union, is dedicated to improving the financial lives of its members. They accomplish this mission by providing consistent service, which is further outlined in their activity or mission description. The credit union offers a variety of financial products and services, including deposit and loan options, an ATM/debit program, a car buying program, and online banking. With a strong commitment to serving its members, Priority One Credit Union of Florida ended the year with 9,583 members and granted a total of 1,449 loans amounting to $37,859,515. The credit union has two physical branch locations and offers additional remote services through various ATM networks and shared service centers. Overall, Priority One Credit Union of Florida strives to enhance the financial well-being of its members by offering reliable and diverse financial solutions.

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Impact




October, 2024

State Chartered Credit Unions In Florida Priority One Credit Union of Florida plays a significant role in enhancing the financial well-being of its members in Broward, Miami-Dade, and Palm Beach counties. By offering a comprehensive suite of financial products and services, including deposit accounts, loans, an ATM/debit program, a car buying program, and online banking, Priority One is positioned to meet diverse financial needs.

In the past year, the credit union has successfully granted 1,449 loans totaling nearly $38 million, demonstrating its commitment to facilitating access to credit for its members. With a growing membership base of 9,583 individuals, Priority One is fostering a sense of community and financial empowerment among its members.

Additionally, through the establishment of two branch locations and a network of ATMs and shared service centers, Priority One ensures that members have convenient access to their financial services. This accessibility, coupled with a focus on consistent service delivery, further enhances the financial lives of its members and supports economic stability within the region.




This information is meant to be a general summary of State Chartered Credit Unions In Florida Priority One 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
$5,882,262 (2022)
Expenses
$5,351,782 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $316,239
  • Program Service Revenue: $5,566,023
  • Gross Receipts: $5,882,262

Assets and Liabilities:

  • Total Assets: $139,468,454
  • Total Liabilities: $128,762,193
  • Net Assets: $10,706,261

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Programs

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

INCOME FROM LOANS

Revenue

$3,870,848

FEE INCOME

Revenue

$750,012

INSURANCE RELATED

Revenue

$97,221

CARD INCOME

Revenue

$679,000

Organization Details

Founding Year

1948

Principal Officer

Deana Hennessey

Main Address

3000 N UNIVERSITY DRIVE, SUNRISE, FL, 33322

NTEE Category

Code: W60 - Public benefit

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