State Chartered Credit Unions In Florida

Community South Credit Union

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

EIN: 590968187 ✦ Chipley, FL ✦ Designated as a 501(c)(14)

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Overview

What is State Chartered Credit Unions In Florida?

State Chartered Credit Unions In Florida, specifically Community South Credit Union, is a community-focused financial institution located in Chipley, Florida. This nonprofit organization offers various savings and checking accounts, such as share savings, share draft, and share certificates, along with additional services like debit cards, home and mobile banking, bill payer, and remote deposit. The primary mission of Community South Credit Union is to foster strong community ties and inspire financial success among its members. With a dedicated workforce of 66 employees, the credit union is committed to building better communities and establishing long-lasting relationships with its members.


Official website here: www.communitysouth.net

Is State Chartered Credit Unions In Florida legitimate?

State Chartered Credit Unions In Florida is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Unions In 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: $798,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,907,863

For more financial information, click here


Official website here: www.communitysouth.net

What is the mission statement of State Chartered Credit Unions In Florida?

State Chartered Credit Unions In Florida, as stated in their mission, are dedicated to enhancing communities by fostering enduring relationships and promoting the financial prosperity of their members. They commit to this objective by offering a range of financial services such as savings, checking, and certificate of deposit accounts, along with debit cards, online banking, bill payment, and remote deposit services. Their ultimate goal is to inspire financial success among their member base.


Official website here: www.communitysouth.net

Who is the CEO of State Chartered Credit Unions In Florida?

Ira J Carter is the Board Chairman of State Chartered Credit Unions In Florida. The CEO's salary of State Chartered Credit Unions In Florida is $238,825 and their total compensation is $238,825.


Official website here: www.communitysouth.net

What is the revenue of State Chartered Credit Unions In Florida?

State Chartered Credit Unions In Florida's revenue in 2022 was $10,944,013.


Official website here: www.communitysouth.net

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

The average compensation at State Chartered Credit Unions In Florida during 2022 was $41,003. There are 66 employees and 7 volunteers at State Chartered Credit Unions In Florida.


Here are 13 key members and their salaries (State Chartered Credit Unions In Florida's CEO's salary is $238,825 and their total compensation is $238,825):


Jan L Page (President-Ceo)
  • Compensation: $238,825
  • Related: $0
  • Other: $0
Kenneth Ray Mitchell (Executive Vice-President, Clo)
  • Compensation: $158,721
  • Related: $0
  • Other: $0
Nina Adams (Senior Vice-President, Cfo)
  • Compensation: $158,641
  • Related: $0
  • Other: $0
Rebecca Spencer (Vice President Of Branch Operations)
  • Compensation: $123,255
  • Related: $0
  • Other: $0
Summer Forehand (Avp, Mortgage)
  • Compensation: $93,863
  • Related: $0
  • Other: $0
Wayland Fulford (Senior Vice President / Clo)
  • Compensation: $25,058
  • Related: $0
  • Other: $0
Ira J Carter (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Cook (Board Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Campbell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Buchanan (Secretary-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Whittington (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Chadwell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Hodge Iii (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.communitysouth.net

Where can I find the form 990 for State Chartered Credit Unions In Florida?

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


Official website here: www.communitysouth.net

Learn more at the official website: www.communitysouth.net

Mission Statement of State Chartered Credit Unions In Florida

State Chartered Credit Unions In Florida, with a community-focused mission, is dedicated to fostering stronger communities by establishing enduring relationships and motivating the financial prosperity of its members. This credit union, committed to its mission, offers a variety of financial services such as share savings accounts, share draft accounts, and certificates of deposit, in addition to debit cards, home banking, mobile banking, bill payer, and remote deposit services. By providing these services, State Chartered Credit Unions In Florida aims to build a more financially secure future for its members, contributing to the betterment of the communities it serves.

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Impact




October, 2024

State Chartered Credit Unions in Florida significantly impact their communities by providing a range of financial services designed to meet the needs of their members. These credit unions offer savings accounts, checking accounts, certificates of deposit, and various loan products, which empower individuals and families to manage their finances effectively.

By offering accessible financial products like debit cards, home and mobile banking, bill pay services, and remote deposit options, these credit unions enhance the convenience and efficiency of banking for their members. This accessibility contributes to improved financial literacy and stability within the community.

The mission of Community South, as an example, emphasizes building better communities through lifelong relationships and inspiring financial success. This focus fosters a sense of belonging and community support, encouraging members to engage in responsible financial practices while benefiting from lower fees and better interest rates typically associated with credit unions.

Moreover, by prioritizing member service and community growth, State Chartered Credit Unions in Florida play a vital role in economic development. They support local initiatives and contribute to the financial well-being of their members, which ultimately strengthens the overall health of the communities they serve.




This information is meant to be a general summary of State Chartered Credit Unions In 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
$10,944,013 (2022)
Expenses
$7,786,574 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $224,770
  • Program Service Revenue: $10,719,243
  • Gross Receipts: $10,944,013

Assets and Liabilities:

  • Total Assets: $199,432,607
  • Total Liabilities: $172,105,768
  • Net Assets: $27,326,839

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Programs

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

Interest From Loans

Revenue

$7,171,210

ATM FEES

Revenue

$1,265,427

SHARE DRAFT FEES

Revenue

$917,820

LOAN LATE FEES

Revenue

$265,643

BROKERAGE REFERRAL INCOME

Revenue

$263,533

Organization Details

Founding Year

1959

Principal Officer

Ira J Carter

Main Address

1044 HIGHWAY 90, CHIPLEY, FL, 32428

NTEE Category

Code: W60 - Public benefit

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