Overview
What is Southern Financial Exchange?
Southern Financial Exchange, based in New Orleans, Louisiana, serves as a collaborative partner for financial institutions and organizations. With a team of eight dedicated individuals, they focus on providing education, risk management, compliance, advocacy, and expert consultative services. They achieve this through various channels such as conferences, in-person seminars, webinars, on-demand courses, phone support, on-site reviews, and training. Their advocacy efforts extend to industry development initiatives, including NACHA Rules, RPA Forum Committees, Federal Reserve Task Forces, ECCHO Rules Development, and various industry events. By working closely with their members and industry leaders, Southern Financial Exchange aims to enhance the operations and compliance of financial institutions, ultimately benefiting the wider community.
Official website here: www.sfe.org
Is Southern Financial Exchange legitimate?
Southern Financial Exchange is a legitimate nonprofit organization registered as a 501(c)(6) entity. Southern Financial Exchange 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: $455,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sfe.org
What is the mission statement of Southern Financial Exchange?
The Southern Financial Exchange (SFE) serves financial institutions and organizations by providing education, risk and compliance services, advocacy, and consultative expertise. This is achieved through a collaborative partnership with industry leaders and members. SFE promotes electronic payments for its member financial institutions, which include banks, savings and loans, and credit unions. Education is offered to members through various means such as conferences, seminars, webinars, on-demand courses, phone support, on-site reviews of member operations, and on-site training/consulting. SFE also represents and advocates for its members in industry development efforts, participating in committees and forums related to NACHA rules, RPA, Federal Reserve task forces, ECCHO rule development, and other industry events.
Official website here: www.sfe.org
Who is the CEO of Southern Financial Exchange?
Pamela Rodriguez is the Director of Southern Financial Exchange. The CEO's salary of Southern Financial Exchange is $230,299 and their total compensation is $284,119.
Official website here: www.sfe.org
What is the revenue of Southern Financial Exchange?
Southern Financial Exchange's revenue in 2022 was $1,479,798.
Official website here: www.sfe.org
Who are the executives of Southern Financial Exchange and what are their salaries?
The average compensation at Southern Financial Exchange during 2022 was $56,976. There are 8 employees and 90 volunteers at Southern Financial Exchange.
Here are 21 key members and their salaries (Southern Financial Exchange's CEO's salary is $230,299 and their total compensation is $284,119):
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- Compensation: $230,299
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- Compensation: $113,652
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- Other: $18,030
Official website here: www.sfe.org
Where can I find the form 990 for Southern Financial Exchange?
Southern Financial Exchange's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfe.org
Learn more at the official website: www.sfe.org
Mission Statement of Southern Financial Exchange
Southern Financial Exchange, abbreviated as SFE, is an organization that plays a vital role in the financial sector. Its mission is to offer education, risk and compliance services, advocacy, and consultative expertise to financial institutions and organizations it serves, all through a collaborative partnership with its members and industry leaders. In simpler terms, SFE aims to empower and guide its clientele in the financial sector, providing them with the necessary tools and resources to navigate the complex landscape of banking, savings, loans, and credit unions.
The core purpose of SFE is to promote the use of electronic payments within its member financial institutions. To achieve this, the organization provides a variety of educational resources, including conferences, in-person seminars, webinars, and on-demand courses. This education is not just limited to theoretical knowledge, but extends to practical support through phone consultations, on-site reviews of member operations, and on-site training and consulting.
Moreover, SFE represents and advocates for its members in various industry development efforts. This includes involvement in NACHA Rules, RPA Forum committees, Federal Reserve task forces, ECCHO rules development, and other industry events. This advocacy role ensures that the interests and needs of SFE's members are heard and addressed within the broader financial sector.
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Impact
October, 2024
Southern Financial Exchange significantly influences the financial sector by enhancing electronic payment systems and providing comprehensive education and advocacy for financial institutions. By focusing on collaboration with member banks, savings and loans, and credit unions, SFE promotes best practices and compliance within the industry.
Their educational initiatives, including conferences, seminars, webinars, and on-demand courses, equip financial institutions with the knowledge necessary to navigate an evolving landscape. Phone support, on-site operational reviews, and training further ensure that members are well-prepared to meet industry challenges.
Moreover, SFE plays a vital role in representing its members in various industry development efforts. Participation in forums and task forces, such as NACHA rules and ECCHO rules development, allows SFE to advocate for its members' interests and influence policy changes that impact the financial ecosystem.
Overall, Southern Financial Exchange serves as a crucial partner in fostering innovation, compliance, and advocacy within the financial services sector, thereby driving community improvement through enhanced financial practices and education.
This information is meant to be a general summary of Southern Financial Exchange. 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 2022.
- Investment Income: $11,435
- Program Service Revenue: $703,266
- Gross Receipts: $1,479,798
Assets and Liabilities:
- Total Assets: $2,564,260
- Total Liabilities: $1,016,081
- Net Assets: $1,548,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES INCO
Revenue
$421,544
SEMINAR INCOME
Revenue
$132,813
PUBLICATION INCOME
Revenue
$77,829
CONFERENCE INCOME
Revenue
$71,080
Organization Details
Founding Year
1976
Phone
(504) 525-6779Principal Officer
Pamela Rodriguez
Main Address
1340 POYDRAS STREET 2010, NEW ORLEANS, LA, 70112
Website
www.sfe.orgNTEE Category
Code: S41 - Community improvement
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