Space Coast Credit Union

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

EIN: 590746906 ✦ Melbourne, FL ✦ Designated as a 501(c)(14)

Overview

What is Space Coast Credit Union?

Space Coast Credit Union is a member-owned financial cooperative based in Melbourne, Florida, with a workforce of 1,193 employees. They are dedicated to encouraging savings and thrift among their members by offering an extensive selection of deposit and savings products with competitive interest rates and minimal fees. The credit union's mission is to create value through cooperative ownership and provide accessible credit for members at reasonable rates. Established to promote financial wellbeing among its members, Space Coast Credit Union continues to grow and serve its community.


Official website here: www.sccu.com

Is Space Coast Credit Union legitimate?

Space Coast Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Space Coast 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: $5,743,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,546,735

For more financial information, click here


Official website here: www.sccu.com

What is the mission statement of Space Coast Credit Union?

Space Coast Credit Union operates as a member-owned cooperative, dedicated to encouraging savings among its members and providing them with affordable credit. The credit union's mission is to promote thrift and create a source of credit for its members at reasonable rates. By maintaining a diverse range of deposit account products, the credit union effectively promotes savings with low fees and high interest rates.


Official website here: www.sccu.com

Who is the CEO of Space Coast Credit Union?

Timothy M Antonition is the President/Ceo of Space Coast Credit Union. The CEO's salary of Space Coast Credit Union is $1,093,632 and their total compensation is $1,168,815.


Official website here: www.sccu.com

What is the revenue of Space Coast Credit Union?

Space Coast Credit Union's revenue in 2022 was $310,171,993.


Official website here: www.sccu.com

Who are the executives of Space Coast Credit Union and what are their salaries?

The average compensation at Space Coast Credit Union during 2022 was $55,566. There are 1,193 employees and 14 volunteers at Space Coast Credit Union.

Here are 31 key members and their salaries (Space Coast Credit Union's CEO's salary is $1,093,632 and their total compensation is $1,168,815):

    Timothy M Antonition (President/Ceo)
  • Compensation: $1,093,632
  • Related: $0
  • Other: $75,183

    • Heather E Hickman (Evp/Cro)
  • Compensation: $554,917
  • Related: $0
  • Other: $28,900

    • Hilary Eisbrenner (Evp/Cfo)
  • Compensation: $397,531
  • Related: $0
  • Other: $25,828

    • Peter S Freystaetter (Express Mort Originator)
  • Compensation: $302,427
  • Related: $0
  • Other: $43,535

    • Gary Prager (Svp Chf Str&Gwth Officer)
  • Compensation: $289,956
  • Related: $0
  • Other: $45,763

    • Linda Hart (Svp, Chro)
  • Compensation: $310,433
  • Related: $0
  • Other: $10,755

    • Shane W Hoyle (Svp/Coo)
  • Compensation: $277,281
  • Related: $0
  • Other: $43,807

    • Christopher Matthews (Svp, Card Services)
  • Compensation: $281,067
  • Related: $0
  • Other: $32,723

    • Gregory E Deroy (Vp, Member Svc Center)
  • Compensation: $251,773
  • Related: $0
  • Other: $49,981

    • Chad C Jaenke (Svp, Cio)
  • Compensation: $273,012
  • Related: $0
  • Other: $24,390

    • Carmen M Tapanes (Vp Retail Services)
  • Compensation: $249,216
  • Related: $0
  • Other: $43,558

    • Kimberly Tyree (Vp Consumer Sales)
  • Compensation: $220,995
  • Related: $0
  • Other: $47,777

    • Beverly B Smith (Vp Retail Services)
  • Compensation: $209,988
  • Related: $0
  • Other: $32,601

    • Daniel Chiappone (Vp Lending)
  • Compensation: $201,558
  • Related: $0
  • Other: $22,768

    • Ann M Roberts (Vp Pmnt/Loss Prevention)
  • Compensation: $196,019
  • Related: $0
  • Other: $11,051

    • Tomas D Zapata Jr (Express Mort Originator)
  • Compensation: $154,021
  • Related: $0
  • Other: $41,651

    • Patrick O Wood (Avp, Accounting)
  • Compensation: $150,793
  • Related: $0
  • Other: $42,217

    • Anthony M Blunt (Vp Consumer Sales)
  • Compensation: $150,472
  • Related: $0
  • Other: $39,046

    • Tina L Clark (Express Mort Originator)
  • Compensation: $152,255
  • Related: $0
  • Other: $27,960

    • Michael P Higgins (Avp, Underwriting)
  • Compensation: $157,552
  • Related: $0
  • Other: $14,955

    • Kim M Lynn (Former Vp Operations)
  • Compensation: $141,392
  • Related: $0
  • Other: $0

    • Joseph Lewis (Evp/Cio)
  • Compensation: $105,753
  • Related: $0
  • Other: $4,769

    • Julie Robbins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Willie Howard Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Palladino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John G Oertel (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Thomas Myers (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Desmond Almarales (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Herbert Fisher (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin R Mckeown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sccu.com

    Where can I find the form 990 for Space Coast Credit Union?

    The Space Coast Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sccu.com

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

    Mission Statement of Space Coast Credit Union

    Space Coast Credit Union, a member-owned cooperative, is dedicated to fostering cooperative ownership and promoting thrift amongst its members. The credit union achieves this mission by offering a diverse range of deposit and savings products with low fees and high-interest rates. By doing so, it encourages members to save and build financial security. Established as a democratically controlled organization, Space Coast Credit Union aims to provide its members with a reliable source of credit for provident or productive purposes, all at reasonable rates of interest. Through this commitment, the credit union empowers its members to improve their financial wellbeing and reach their financial goals.

    Impact

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




    Thursday, August 15, 2024

    Space Coast Credit Union plays a significant role in promoting thrift and providing access to credit for its members. By offering a range of deposit and savings products with low fees and competitive interest rates, the credit union helps individuals save money effectively. Additionally, through its cooperative ownership model, Space Coast Credit Union fosters a sense of community and empowers its members to manage their finances responsibly.

    Furthermore, by operating as a member-owned democratic cooperative, Space Coast Credit Union ensures that its services are tailored to meet the needs of its members. This structure not only promotes financial inclusivity but also helps to create a source of credit at reasonable rates for its members, enabling them to pursue provident or productive purposes.

    Overall, Space Coast Credit Union's impact can be seen in its commitment to promoting thrift, providing access to credit, and serving as a financial resource for its members in a manner that benefits the public.





    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: $13,442,748
  • Program Service Revenue: $296,599,355
  • Gross Receipts: $581,271,385

    • Assets and Liabilities:
  • Total Assets: $8,543,983,797
  • Total Liabilities: $7,779,628,954
  • Net Assets: $764,354,843
  • Programs

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

    INCOME FROM LOANS

    Revenue

    $216,442,338

    FEES/CHARGES/OTHER

    Revenue

    $79,545,152

    NON-MEMBER ATM SURCHARGES

    Revenue

    $611,865

    Organization Details

    Founding Year

    1951

    Principal Officer

    Timothy M Antonition

    Main Address

    8045 NORTH WICKHAM ROAD, MELBOURNE, FL, 32940

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Space Coast 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.