Florida State University Credit Union

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

EIN: 590806310 ✦ Tallahassee, FL ✦ Designated as a 501(c)(14)

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Overview

What is Florida State University Credit Union?

Florida State University Credit Union is a nonprofit financial institution based in Tallahassee, Florida, serving over 33,000 members with eleven branches as of December 2022 and ten branches as of January 2023. Their mission is to promote thrift, offer credit at fair interest rates, and enhance the financial well-being of their members. They pride themselves on enabling members to save money on loan payments and allocate those funds elsewhere in their budgets. As of 12/31/22, the credit union has a workforce of 138 dedicated individuals. They provide secure online banking, a convenient mobile app, and a comprehensive range of account types, loans, and services to cater to every financial need.


Official website here: www.fsucu.org

Is Florida State University Credit Union legitimate?

Florida State University Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Florida State University 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: $1,480,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,059,597

For more financial information, click here


Official website here: www.fsucu.org

What is the mission statement of Florida State University Credit Union?

The Florida State University Credit Union is dedicated to encouraging savings and offering affordable credit to its members. With a mission to enhance the financial well-being of its members, the credit union serves over 33,000 individuals as of December 31, 2022, and continues to grow with ten additional branches as of January 21, 2023. The credit union provides secure online banking and a convenient mobile app, along with a comprehensive range of account types, loans, and services tailored to meet every financial need.


Official website here: www.fsucu.org

Who is the CEO of Florida State University Credit Union?

Jennifer Durden is the Director of Florida State University Credit Union. The CEO's salary of Florida State University Credit Union is $476,976 and their total compensation is $527,743.


Official website here: www.fsucu.org

What is the revenue of Florida State University Credit Union?

Florida State University Credit Union's revenue in 2022 was $22,425,859.


Official website here: www.fsucu.org

Who are the executives of Florida State University Credit Union and what are their salaries?

The average compensation at Florida State University Credit Union during 2022 was $47,392. There are 138 employees and 16 volunteers at Florida State University Credit Union.


Here are 26 key members and their salaries (Florida State University Credit Union's CEO's salary is $476,976 and their total compensation is $527,743):


William Woodyard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juanita Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Moye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phaedra Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shenifa Taite (Secretary (Jul 2020-Presen)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Randy Mccausland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugh Fones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Rhodes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Mccroan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Oerting (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Bowden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francis J Flynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David White (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Sagaser (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
G Stacy Sirmans (Chairman (Jul 2020-Present)
  • Compensation: $0
  • Related: $0
  • Other: $0
L Grant Abbott (Vp Of Lending And Administration)
  • Compensation: $192,755
  • Related: $0
  • Other: $42,662
Charles Adcock Iii (President/Ceo)
  • Compensation: $476,976
  • Related: $0
  • Other: $50,767
Kevin Keith (Evp)
  • Compensation: $136,716
  • Related: $0
  • Other: $28,064
Jennifer Durden (Evp/Cfo)
  • Compensation: $281,341
  • Related: $0
  • Other: $47,807
Landon Gaines Sr (Vp Of Operations)
  • Compensation: $194,309
  • Related: $0
  • Other: $29,148
Ivy Miles (Hr Director)
  • Compensation: $100,576
  • Related: $0
  • Other: $22,259
Jessie Watson (Avp Of Marketing And Member Experience)
  • Compensation: $110,248
  • Related: $0
  • Other: $7,029
Erin Williams (Compliance Director)
  • Compensation: $102,150
  • Related: $0
  • Other: $22,300
Diamond Popour (Manager, Bus Dev)
  • Compensation: $108,794
  • Related: $0
  • Other: $31,519
Alisha Blondel (Collections Director)
  • Compensation: $114,250
  • Related: $0
  • Other: $16,952


Official website here: www.fsucu.org

Where can I find the form 990 for Florida State University Credit Union?

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


Official website here: www.fsucu.org

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

Mission Statement of Florida State University Credit Union

Florida State University Credit Union, or FSU Credit Union, is a financial institution dedicated to promoting thrift, creating a reliable source of credit, and enhancing the financial well-being of its members. With over 33,000 members as of December 31, 2022, and eleven branches in Tallahassee and the surrounding area, FSU Credit Union offers secure online banking, a convenient mobile app, and a comprehensive range of account types, loans, and services to cater to every financial need. The mission of FSU Credit Union is to provide its members with legitimate financial solutions and help them build a stronger financial future.

In line with its commitment to its members, FSU Credit Union offers a complete suite of financial products. Members can take advantage of various account types to suit their needs, including savings, checking, and certificate accounts. Additionally, the credit union provides a range of loan options, such as auto, mortgage, and personal loans, to help members manage their debts and achieve their financial goals. The credit union's member-focused approach extends beyond its financial services, with a team dedicated to ensuring members have access to secure online banking and a convenient mobile app to manage their accounts on the go. Overall, FSU Credit Union is more than just a financial institution—it is a trusted partner for its members, committed to promoting financial well-being and creating opportunities for long-term financial success.

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Impact




October, 2024

Florida State University Credit Union plays a pivotal role in enhancing the financial well-being of its members, promoting financial literacy, and fostering a culture of thrift within the community. Serving over 33,000 members across eleven branches in Tallahassee and its surrounding areas, the credit union provides a wide array of financial services tailored to meet diverse needs.

With a commitment to offering competitive and fair interest rates, FSU Credit Union enables members to save money on loans, allowing them to allocate funds to other essential areas within their budgets. This approach not only supports individual financial health but also strengthens the economic stability of the community.

Furthermore, the credit union’s modern digital offerings, including secure online banking and a user-friendly mobile app, ensure that members have convenient access to their finances at any time. By addressing the various financial needs of its members through a comprehensive suite of account types, loans, and services, FSU Credit Union continues to cultivate an environment where members can thrive financially.




This information is meant to be a general summary of Florida State University 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
$22,425,859 (2022)
Expenses
$17,147,552 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $753,348
  • Program Service Revenue: $18,980,644
  • Gross Receipts: $25,407,170

Assets and Liabilities:

  • Total Assets: $440,836,260
  • Total Liabilities: $399,334,567
  • Net Assets: $41,501,693

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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

$13,581,765

FEE INCOME

Revenue

$2,973,818

INTERCHANGE INCOME

Revenue

$1,742,508

INSURANCE-RELATED INCOME

Revenue

$682,553

Organization Details

Founding Year

1954

Principal Officer

Jennifer Durden

Main Address

PO BOX 182499, TALLAHASSEE, FL, 32318

NTEE Category

Code: W60 - Public benefit

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