Brightstar Credit Union

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

EIN: 590653174 ✦ Cooper city, FL ✦ Designated as a 501(c)(14)

Overview

What is Brightstar Credit Union?

Brightstar Credit Union is a significant credit union based in South Florida, with assets exceeding $420 million. Established with a mission to serve Broward School Employees and their families, it has grown into one of the largest credit unions in the region. Brightstar Credit Union offers financial services and resources to its members.


Is Brightstar Credit Union legitimate?

Brightstar Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Brightstar 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,474,632
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,818,262

For more financial information, click here


What is the mission statement of Brightstar Credit Union?
What is the revenue of Brightstar Credit Union?
Who are the executives of Brightstar Credit Union and what are their salaries?

The average compensation at Brightstar Credit Union during 2022 was $42,533. There are 242 employees and 9 volunteers at Brightstar Credit Union.

Here are 21 key members and their salaries (Brightstar Credit Union's CEO's salary is $1,026,837 and their total compensation is $1,189,491):


Where can I find the form 990 for Brightstar Credit Union?

Mission Statement of Brightstar Credit Union

Brightstar Credit Union, a significant financial institution in South Florida, boasts assets exceeding $420 million. Established with a mission to serve the Broward School Employees and their families, this credit union has grown to become one of the largest in the region.

At its core, Brightstar Credit Union is dedicated to providing financial services to its members. Originating from a desire to support the Broward School community, the credit union has expanded its reach beyond education sector employees, welcome to a broader demographic.

Brightstar Credit Union's commitment to its members is evident in its comprehensive range of financial services. These offerings enable members to manage their money effectively, save for the future, and access credit when needed. The credit union's size and resources allow it to offer competitive rates and flexible terms on loans and mortgages, credit cards, and other financial products. Additionally, Brightstar Credit Union offers various savings and investment options, ensuring that members can grow their wealth over time.

Brightstar Credit Union prides itself on its member-focused approach, prioritizing the financial well-being of its community. This philosophy is reflected in the credit union's strong corporate values, which emphasize transparency, accountability, and social responsibility. Through its various financial education programs and resources, Brightstar Credit Union empowers its members to make informed financial decisions and take control of their financial futures.

In summary, Brightstar Credit Union is more than just a financial institution. It is a trusted partner dedicated to the financial success and well-being of its members, with a rich history of serving the Broward School community and a mission to continue growing and expanding its reach.

Impact

This information is meant to be a general summary of Brightstar Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Brightstar Credit Union's impact is significant in the South Florida community, particularly in Broward County. As one of the largest credit unions in the region with assets exceeding $420 million, Brightstar Credit Union plays a vital role in providing financial services to its members. Originally chartered to serve Broward School Employees and their families, Brightstar Credit Union helps individuals and families access affordable banking services, loans, and other financial products. By offering a range of services and promoting financial well-being, Brightstar Credit Union contributes to the economic stability and growth of the community it serves.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $2,805,891
  • Program Service Revenue: $22,054,032
  • Gross Receipts: $38,524,547

    • Assets and Liabilities:
  • Total Assets: $765,497,639
  • Total Liabilities: $704,381,075
  • Net Assets: $61,116,564
  • Programs

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

    Member Loan Interest Income

    Revenue

    $22,054,032

    Organization Details

    Founding Year

    1946

    Main Address

    3400 N UNIVERSITY DR, COOPER CITY, FL, 33024

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Brightstar Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.