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.

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: $108,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,452

For more financial information, click here

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.

Who is the CEO of 1st Street Credit Union?

Arthur C Hart is the Ceo of 1st Street Credit Union. The CEO's salary of 1st Street Credit Union is $108,522 and their total compensation is $108,522.

What is the revenue of 1st Street Credit Union?

1st Street Credit Union's revenue in 2022 was $1,367,644.

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

The average compensation at 1st Street Credit Union during 2022 was $33,297. There are 10 employees at 1st Street Credit Union.


Here are 6 key members and their salaries (1st Street Credit Union's CEO's salary is $108,522 and their total compensation is $108,522):


Arthur C Hart (Ceo)
  • Compensation: $108,522
  • Related: $0
  • Other: $0
Norman Stockton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Kurtz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Clifford E Smith Jr (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Boyd (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donita Sumney (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for 1st Street Credit Union?

1st Street Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

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
$1,367,644 (2022)
Expenses
$1,173,638 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $266,713
  • Program Service Revenue: $592,043
  • Gross Receipts: $1,367,644

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.

INTEREST ON LOANS

Revenue

$592,043

Organization Details

Founding Year

1951

Principal Officer

Arthur C Hart

Main Address

1558 1ST STREET, SARASOTA, FL, 342361058

NTEE Category

Code: W60 - Public benefit

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