Florida Credit Union

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

EIN: 590773154 ✦ Gainesville, FL ✦ Designated as a 501(c)(14)

Overview

What is Florida Credit Union?

Florida Credit Union is a nonprofit organization based in Gainesville, Florida. They generate income primarily from their credit union membership and the investment of their members' funds, which serves as the foundation for their operations and the provision of services to their restricted membership. The organization, with a staff of 396 employees, aims to use these resources effectively to fulfill their mission.


Official website here: www.flcu.org

Is Florida Credit Union legitimate?

Florida Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Florida 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: $3,224,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,206,387

For more financial information, click here


Official website here: www.flcu.org

What is the mission statement of Florida Credit Union?

Florida Credit Union operates with funds generated from its membership and investments made by members. This financial foundation enables the organization to effectively serve its limited membership base. The credit union's mission focuses on using these resources to provide essential services to its members. By relying on the support and trust of its members, the credit union is able to thrive and make a positive impact in their lives. Together, the members and the credit union build a strong community through financial collaboration and shared benefits.


Official website here: www.flcu.org

Who is the CEO of Florida Credit Union?

Mark Starr is the President/Ceo of Florida Credit Union. The CEO's salary of Florida Credit Union is $803,983 and their total compensation is $1,083,671.


Official website here: www.flcu.org

What is the revenue of Florida Credit Union?

Florida Credit Union's revenue in 2022 was $110,107,505.


Official website here: www.flcu.org

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

The average compensation at Florida Credit Union during 2022 was $56,644. There are 396 employees and 8 volunteers at Florida Credit Union.

Here are 22 key members and their salaries (Florida Credit Union's CEO's salary is $803,983 and their total compensation is $1,083,671):

    Mark Starr (President/Ceo)
  • Compensation: $803,983
  • Related: $0
  • Other: $279,688

    • David Eckardt (Svp Operations/Coo)
  • Compensation: $385,490
  • Related: $0
  • Other: $106,388

    • Thomas Beck (Svp Is/Cto)
  • Compensation: $401,658
  • Related: $0
  • Other: $56,287

    • Christine Suarez-Jenkins (Svp Lending/Clo)
  • Compensation: $389,278
  • Related: $0
  • Other: $43,094

    • Wendy Koford (Svp Finance/Cfo)
  • Compensation: $336,187
  • Related: $0
  • Other: $51,455

    • Beatrice Cherry (Svp Marketing)
  • Compensation: $255,481
  • Related: $0
  • Other: $52,342

    • Brian Moses (Svp Commercial)
  • Compensation: $265,839
  • Related: $0
  • Other: $38,164

    • Wesley Colson (Svp Credit Services)
  • Compensation: $204,586
  • Related: $0
  • Other: $42,619

    • Gregory Purvis (Vp Consumer Lending)
  • Compensation: $184,534
  • Related: $0
  • Other: $29,277

    • Sarah King (Svp Hr & Training)
  • Compensation: $182,131
  • Related: $0
  • Other: $27,952

    • Gregory Pingue (Avp Mortgage)
  • Compensation: $178,973
  • Related: $0
  • Other: $30,278

    • Kirk Becker (Vp Information Services)
  • Compensation: $170,705
  • Related: $0
  • Other: $31,870

    • Jane Harris (Vp Business Relationship M)
  • Compensation: $170,833
  • Related: $0
  • Other: $24,858

    • Jared Hart (Commercial Relationship Manager)
  • Compensation: $151,896
  • Related: $0
  • Other: $33,718

    • Alfred Peoples (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynn Jones (Board Seretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Johnson (Board Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Barbara Buys (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Hopgood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Sutherland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kara Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Faye Mcknight (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.flcu.org

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

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


    Official website here: www.flcu.org

    Learn more at the official website: www.flcu.org

    Mission Statement of Florida Credit Union

    Florida Credit Union serves as a financial institution that caters to a limited membership. The organization derives its income primarily from its membership base and the investment of their deposited funds. This financial foundation enables Florida Credit Union to effectively operate and extend its services to its exclusive community.

    In more detail, Florida Credit Union's mission is grounded in the financial contributions of its members and the wise allocation of their investments. This economic base provides the strength and stability required for the credit union to thrive and deliver essential financial services to its constituents. The organization's primary focus is on utilizing its resources to meet the unique needs of its restricted membership. The ultimate goal is to create a strong, self-sustaining entity that serves its community in a meaningful and impactful way.

    Florida Credit Union's role extends beyond just financial transactions. As a cooperative, the organization aims to foster a sense of unity and solidarity among its members. By pooling their resources together, members not only gain access to better financial opportunities but also contribute to a collective financial institution that benefits everyone. In this way, Florida Credit Union builds a strong community of individuals who share a common financial future.

    Impact

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




    Thursday, August 15, 2024

    Florida Credit Union's impact lies in providing financial services and support to its restricted membership in Gainesville, Florida. Through income generated from credit union membership and investments of member funds, Florida Credit Union is able to function and offer essential services to its community. This organization plays a crucial role in fostering financial inclusion and stability for its members, ultimately contributing to the economic well-being of individuals and families in the area.





    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: $77,791,414
  • Program Service Revenue: $32,287,903
  • Gross Receipts: $111,879,297

    • Assets and Liabilities:
  • Total Assets: $1,967,340,964
  • Total Liabilities: $1,742,592,206
  • Net Assets: $224,748,758
  • Programs

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

    Other Operating Income

    Revenue

    $31,684,938

    Mechanical Breakdown

    Revenue

    $478,500

    ATM Surcharges

    Revenue

    $124,465

    Organization Details

    Founding Year

    1950

    Principal Officer

    Mark Starr

    Main Address

    PO Box 5549, Gainesville, FL, 326275549

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Florida 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.