Overview
What is Midflorida Credit Union?
Midflorida Credit Union is a financial cooperative based in Lakeland, Florida. They provide various financial services for their members, including savings plans and loan origination and servicing. The union aims to ensure the financial well-being of its community by offering accessible financial solutions.
Official website here: www.midflorida.com
Is Midflorida Credit Union legitimate?
Midflorida Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midflorida 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: $5,758,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,635,642
For more financial information, click here
Official website here: www.midflorida.com
What is the mission statement of Midflorida Credit Union?
Midflorida Credit Union is a financial cooperative dedicated to providing savings services and facilitating loan transactions for its member base. The institution plays a significant role in managing and servicing its loan portfolio. In essence, it aims to help its members manage their finances and secure loans when needed. Although specific mission statement details are not available, it is clear that Midflorida Credit Union prioritizes the financial well-being of its members.
Official website here: www.midflorida.com
Who is the CEO of Midflorida Credit Union?
Hugh Dailey is the CEO of Midflorida Credit Union The CEO's salary of Midflorida Credit Union is $341,574 and their total compensation is $341,574.
Official website here: www.midflorida.com
What is the revenue of Midflorida Credit Union?
Midflorida Credit Union's revenue in 2023 was $407,757,981.
Official website here: www.midflorida.com
Who are the executives of Midflorida Credit Union and what are their salaries?
The average compensation at Midflorida Credit Union during 2023 was $53,353. There are 1713 employees and 16 volunteers at Midflorida Credit Union.
Here are 35 key members and their salaries (Midflorida Credit Union's CEO's salary is $341,574 and their total compensation is $341,574):
- Compensation: $1,125,630
- Related: $0
- Other: $0
- Compensation: $501,474
- Related: $0
- Other: $0
- Compensation: $494,604
- Related: $0
- Other: $0
- Compensation: $470,747
- Related: $0
- Other: $0
- Compensation: $429,491
- Related: $0
- Other: $0
- Compensation: $351,232
- Related: $0
- Other: $0
- Compensation: $344,894
- Related: $0
- Other: $0
- Compensation: $341,574
- Related: $0
- Other: $0
- Compensation: $337,412
- Related: $0
- Other: $0
- Compensation: $330,692
- Related: $0
- Other: $0
- Compensation: $293,267
- Related: $0
- Other: $0
- Compensation: $292,656
- Related: $0
- Other: $0
- Compensation: $224,663
- Related: $0
- Other: $0
- Compensation: $219,860
- Related: $0
- Other: $0
- Compensation: $192,038
- Related: $0
- Other: $0
- Compensation: $125,061
- Related: $0
- Other: $0
- Compensation: $118,316
- Related: $0
- Other: $0
- Compensation: $117,536
- Related: $0
- Other: $0
- Compensation: $109,103
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.midflorida.com
Where can I find the form 990 for Midflorida Credit Union?
Midflorida Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.midflorida.com
Learn more at the official website: www.midflorida.com
Mission Statement of Midflorida Credit Union
Midflorida Credit Union is a financial institution dedicated to providing savings services, loan originations, and managing a loan portfolio for its members. This credit union operates with a mission to serve its community effectively.
Midflorida Credit Union's primary objective is to cater to the financial needs of its members. It offers various financial services, including savings and loans, to help its members manage their money and build a solid financial future. The institution's team of financial professionals works diligently to ensure the best possible solutions for its members. They provide loan origination services, enabling members to obtain the financing they need for various purposes, such as purchasing a home, financing education, or starting a business.
Additionally, Midflorida Credit Union manages its loan portfolio, ensuring that the financial products it offers remain beneficial to its members. This involves providing ongoing support and servicing to ensure loans remain manageable and affordable. With its commitment to its members, Midflorida Credit Union stands as a trusted financial partner, helping them navigate the complexities of personal finance and secure a stable financial future.
In conclusion, Midflorida Credit Union is a financial institution that puts its members first. By offering savings services, loan origination, and servicing, it provides the tools and resources needed to manage money effectively and build a solid financial foundation. Through its dedication to its mission and commitment to its members, Midflorida Credit Union is an essential resource for the financial well-being of its community.
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Impact
October, 2024
Midflorida Credit Union plays a crucial role in its community by providing essential financial services that empower its members to achieve their financial goals. Based in Lakeland, Florida, the credit union offers a range of services including savings accounts and loan originations, which are designed to foster financial stability and growth.
By servicing its loan portfolio, Midflorida ensures that its members have access to necessary funds, whether for purchasing a home, financing education, or managing personal expenses. This creates a positive ripple effect in the local economy, as members can make significant purchases and investments that benefit the broader community.
Moreover, Midflorida Credit Union contributes to public benefit by promoting financial literacy and responsible borrowing practices, helping individuals make informed financial decisions. Through these efforts, the credit union not only serves its members but also strengthens the economic vitality of Lakeland and the surrounding areas.
This information is meant to be a general summary of Midflorida 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $28,794,612
- Program Service Revenue: $380,830,234
- Gross Receipts: $439,071,164
Assets and Liabilities:
- Total Assets: $6,612,347,991
- Total Liabilities: $5,991,561,214
- Net Assets: $620,786,777
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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
$258,514,467
FEE INCOME
Revenue
$47,841,605
OTHER OPERATING INCOME
Revenue
$74,474,162
Organization Details
Founding Year
1954
Principal Officer
Zelda V Abram
Website
www.midflorida.comNTEE Category
Code: W60 - Public benefit
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