1st Street Credit Union

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

EIN: 590965738 ✦ Sarasota, FL ✦ Designated as a 501(c)(14)

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Overview

What is 1st Street Credit Union?

1st Street Credit Union is a nonprofit financial institution situated in Sarasota, Florida. Their main objective is to provide affordable financial services and loans to their members. The credit union offers a wide range of competitive financial products, such as loans and deposit accounts, to cater to various financial needs. With a dedicated team of 10 employees, 1st Street Credit Union aims to contribute positively to the financial well-being of its members.


Official website here: www.1streetcu.com

Is 1st Street Credit Union legitimate?

1st Street Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1st Street 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: $181,542
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,847

For more financial information, click here


Official website here: www.1streetcu.com

What is the mission statement of 1st Street Credit Union?

1st Street Credit Union is committed to providing a range of competitive personal financial services exclusively to its members. This encompasses offering low-cost loans and deposits, alongside numerous other financial products and services. The union's mission is to ensure its members have access to these financial opportunities, thereby enhancing their financial well-being.


Official website here: www.1streetcu.com

Who is the CEO of 1st Street Credit Union?

Dawn T Gonzalez is the CEO of 1st Street Credit Union The CEO's salary of 1st Street Credit Union is $73,775 and their total compensation is $73,775.


Official website here: www.1streetcu.com

What is the revenue of 1st Street Credit Union?

1st Street Credit Union's revenue in 2023 was $1,520,782.


Official website here: www.1streetcu.com

Who are the executives of 1st Street Credit Union and what are their salaries?

The average compensation at 1st Street Credit Union during 2023 was $28,184. There are 13 employees and 8 volunteers at 1st Street Credit Union.

Here are 10 key members and their salaries (1st Street Credit Union's CEO's salary is $73,775 and their total compensation is $73,775):


Dawn T Gonzalez (Ceo)
  • Compensation: $73,775
  • Related: $0
  • Other: $0
Dr Clifford Smith (Board Chairperson Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Stockton (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donita Sumney (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathie Micko (Supervisory Committe Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Bryan (Supervisory Committee Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Boyd (Board Vice Chairperson Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Kurtz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Hurskin (Supervisory Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur C Hart (Former Ceo)
  • Compensation: $107,767
  • Related: $0
  • Other: $0


Official website here: www.1streetcu.com

Where can I find the form 990 for 1st Street Credit Union?

1st Street Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.1streetcu.com

Learn more at the official website: www.1streetcu.com

Mission Statement of 1st Street Credit Union

1st Street Credit Union is committed to providing an assortment of personal financial services exclusively to its members. This encompasses competitive interest rates on both loans and deposits, as well as a plethora of additional products and services. The union's mission is to extend affordable financial services to its members, aiming to cater to their diverse financial needs effectively.

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Impact




October, 2024

1st Street Credit Union significantly impacts the Sarasota community by offering a range of personal financial services exclusively to its members. With a focus on providing low-cost financial solutions, it offers competitive rates on loans and deposits, making it easier for members to achieve their financial goals. The credit union's diverse array of products and services ensures that individuals and families have access to the resources they need for financial stability and growth. This commitment fosters a sense of community and supports the overall economic well-being of its members.




This information is meant to be a general summary of 1st Street 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
$1,520,782 (2023)
Expenses
$1,139,057 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $402,634
  • Program Service Revenue: $1,118,148
  • Gross Receipts: $1,520,782

Assets and Liabilities:

  • Total Assets: $38,204,185
  • Total Liabilities: $34,244,120
  • Net Assets: $3,960,065

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Programs

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

LOAN INCOME

Revenue

$755,424

FEES

Revenue

$276,060

CARD RELATED

Revenue

$69,091

INSURANCE RELATED

Revenue

$8,349

Program 5

Revenue

$0

Organization Details

Founding Year

1951

Principal Officer

Dawn T Gonzalez

NTEE Category

Code: W60 - Public benefit

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