We Florida Financial

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

EIN: 590709646 ✦ Margate, FL ✦ Designated as a 501(c)(14)

Overview

What is We Florida Financial?

We Florida Financial is a credit union based in Margate, Florida, with a mission to encourage savings among its over 40,000 members across 46 counties in the state. Established as a cooperative, non-profit organization under Florida law, the credit union offers a range of insured deposit products designed for both small and medium savers. The organization prides itself on providing credit and credit-related products at fair and reasonable rates, allowing members to control and use their resources democratically. We Florida Financial's operations include serving as a source of credit for members and promoting thrift within the community. The credit union employs 199 individuals to support these efforts.


Official website here: www.wefloridafinancial.com

Is We Florida Financial legitimate?

We Florida Financial is a legitimate nonprofit organization registered as a 501(c)(14) entity. We Florida Financial 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: $1,046,109
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,740,000

For more financial information, click here


Official website here: www.wefloridafinancial.com

What is the mission statement of We Florida Financial?

We Florida Financial is a cooperative, non-profit organization founded under Florida state law to encourage savings among its members and create a source of credit for them at reasonable rates. The credit union's mission is to promote thrift and offer affordable credit to its members. With a membership base larger than 40,000, the credit union serves individuals in 46 Florida counties. The financial institution provides a range of insured deposit products designed to help both small and medium savers.


Official website here: www.wefloridafinancial.com

Who is the CEO of We Florida Financial?

Robert D Ramirez is the Principal Officer of We Florida Financial. The CEO's salary of We Florida Financial is $547,348 and their total compensation is $585,696.


Official website here: www.wefloridafinancial.com

What is the revenue of We Florida Financial?

We Florida Financial's revenue in 2022 was $42,283,714.


Official website here: www.wefloridafinancial.com

Who are the executives of We Florida Financial and what are their salaries?

The average compensation at We Florida Financial during 2022 was $59,227. There are 199 employees and 9 volunteers at We Florida Financial.

Here are 15 key members and their salaries (We Florida Financial's CEO's salary is $547,348 and their total compensation is $585,696):

    Robert Ramirez (Ceo & President)
  • Compensation: $547,348
  • Related: $0
  • Other: $38,348

    • Rachel Schaming (Cheif Of Human Resources)
  • Compensation: $228,830
  • Related: $0
  • Other: $21,396

    • Dawn M Clark (Vp Marketing)
  • Compensation: $228,122
  • Related: $0
  • Other: $19,865

    • Jerome Ryan (Vp Of It & Security)
  • Compensation: $195,055
  • Related: $0
  • Other: $18,979

    • William Spearman (Chief Lending Officer)
  • Compensation: $176,923
  • Related: $0
  • Other: $34,290

    • John Zajac (Chief Financial Officer)
  • Compensation: $206,357
  • Related: $0
  • Other: $3,829

    • Barbara Paine (Vp Support Operations)
  • Compensation: $156,808
  • Related: $0
  • Other: $20,284

    • Ray Ragan (Cheif Strategy Officer)
  • Compensation: $161,113
  • Related: $0
  • Other: $10,251

    • Ingrid Fils (Vice-Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Ann Larock (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mack Macvicar (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Prior (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beatriz Dale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marie Elianor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy James (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wefloridafinancial.com

    Where can I find the form 990 for We Florida Financial?

    The We Florida Financial’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wefloridafinancial.com

    Learn more at the official website: www.wefloridafinancial.com

    Mission Statement of We Florida Financial

    We Florida Financial, a cooperative non-profit organization based in Florida, is on a mission to foster thrift among its members and provide them with affordable credit solutions. Established under the laws of the State of Florida, this credit union aims to encourage its members to save while creating a reliable source of credit and financial products at reasonable rates.

    The organization's primary goal is to help its over 40,000 members accumulate savings and access financial resources in a democratic way. We Florida Financial offers an array of insured deposit products, carefully crafted for both small and medium-sized savers, to incentivize thrift and financial growth.

    As a not-for-profit institution, We Florida Financial is dedicated to creating opportunities for its members to manage and utilize their resources effectively. By offering credit products at fair rates, the credit union empowers its members to improve their financial situations and build a stronger financial future.

    Impact

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




    Thursday, August 15, 2024

    We Florida Financial, a credit union based in Margate, Florida, impacts its members by promoting thrift, providing sources of credit, and offering fair and reasonable rates on various financial products. With a mission to encourage savings and offer affordable credit options, We Florida Financial serves over 40,000 members across 46 counties in Florida. This impact is evident in the opportunities the credit union creates for its members to manage their resources democratically and access essential financial services tailored for small and medium savers.





    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: $10,812,034
  • Program Service Revenue: $20,622,500
  • Gross Receipts: $50,404,559

    • Assets and Liabilities:
  • Total Assets: $752,616,950
  • Total Liabilities: $699,808,683
  • Net Assets: $52,808,267
  • Programs

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

    LOAN INTEREST INCOME

    Revenue

    $20,622,500

    Organization Details

    Founding Year

    1952

    Principal Officer

    Robert D Ramirez

    Main Address

    1982 NORTH STATE ROAD 7, MARGATE, FL, 33063

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of We Florida Financial 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.