Ithink Financial Credit Union

Ithink Financial

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

EIN: 591286880 ✦ Delray beach, FL ✦ Designated as a 501(c)(14)

Overview

What is Ithink Financial Credit Union?

Ithink Financial Credit Union, also known as iTHINK Financial, is a member-driven financial institution located in Delray Beach, Florida. With a team of 469 dedicated employees, they provide various financial services including draft and share accounts, loans, share certificates, and other activities exempt under the Functions Act to their members. iTHINK Financial's mission is to deliver superior service to both its membership and the communities it serves, all while ensuring the safety and soundness of the credit union. The credit union's activities encompass the offerings of accounts and loans, ensuring a commitment to both its members and the communities they are a part of.


Official website here: www.ithinkfi.org

Is Ithink Financial Credit Union legitimate?

Ithink Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Ithink Financial 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: $2,343,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,948,351

For more financial information, click here


Official website here: www.ithinkfi.org

What is the mission statement of Ithink Financial Credit Union?

Ithink Financial Credit Union is dedicated to delivering exceptional service to its members and the communities it serves, while maintaining the stability and security of the institution. Through various financial offerings including draft and share accounts, loans, share certificates, and other exempt function activities, the credit union aims to meet the needs of its membership effectively. The organization's commitment to service excellence extends beyond its members, as it also prioritizes the well-being of the communities it serves. Additionally, it ensures the safety and soundness of the credit union to maintain trust and confidence among its members.


Official website here: www.ithinkfi.org

Who is the CEO of Ithink Financial Credit Union?

Michael L Miller is the Principal Officer of Ithink Financial Credit Union. The CEO's salary of Ithink Financial Credit Union is $952,768 and their total compensation is $1,099,008.


Official website here: www.ithinkfi.org

What is the revenue of Ithink Financial Credit Union?

Ithink Financial Credit Union's revenue in 2022 was $86,426,438.


Official website here: www.ithinkfi.org

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

The average compensation at Ithink Financial Credit Union during 2022 was $58,192. There are 469 employees and 14 volunteers at Ithink Financial Credit Union.

Here are 20 key members and their salaries (Ithink Financial Credit Union's CEO's salary is $952,768 and their total compensation is $1,099,008):

    Michael Miller (President/Ceo)
  • Compensation: $952,768
  • Related: $0
  • Other: $146,240

    • Jeffrey Kolhagen (Cfo)
  • Compensation: $301,596
  • Related: $0
  • Other: $77,911

    • Mark Skinner (Clo)
  • Compensation: $289,986
  • Related: $0
  • Other: $63,594

    • Nicole Heffelfinger (Cro)
  • Compensation: $271,638
  • Related: $0
  • Other: $45,895

    • David Lyons (Cao)
  • Compensation: $263,838
  • Related: $0
  • Other: $28,986

    • Edison Cervantes (Cto)
  • Compensation: $263,838
  • Related: $0
  • Other: $28,894

    • Anthony Furino (Avp Of Commercial Lending)
  • Compensation: $165,796
  • Related: $0
  • Other: $34,148

    • Diana Crull (Director Of Finance)
  • Compensation: $161,315
  • Related: $0
  • Other: $20,790

    • Bradley Stewart (Avp Of Risk Management)
  • Compensation: $144,315
  • Related: $0
  • Other: $36,031

    • Carol Foxwell (Avp Of Project Management)
  • Compensation: $146,449
  • Related: $0
  • Other: $20,697

    • Stephen Johnson (Avp Administration & Marketing)
  • Compensation: $131,815
  • Related: $0
  • Other: $33,165

    • Juana Krause (Vice Chairperson) [Trustee/Director]
  • Compensation: $11,052
  • Related: $0
  • Other: $0

    • Marie Mascaro (Director)
  • Compensation: $8,263
  • Related: $0
  • Other: $0

    • Michael W Townsend (Chairperson) [Trustee/Director]
  • Compensation: $5,477
  • Related: $0
  • Other: $0

    • Donald L Lee (Director)
  • Compensation: $4,164
  • Related: $0
  • Other: $0

    • Johnny Bennett (Director)
  • Compensation: $2,070
  • Related: $0
  • Other: $0

    • Brad J Debauche (Director)
  • Compensation: $2,008
  • Related: $0
  • Other: $0

    • Peter Blacklock (Director)
  • Compensation: $1,684
  • Related: $0
  • Other: $0

    • Stephanie M Forster (Secretary) [Trustee/Director]
  • Compensation: $162
  • Related: $0
  • Other: $0

    • Thomas E Brawley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ithinkfi.org

    Where can I find the form 990 for Ithink Financial Credit Union?

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


    Official website here: www.ithinkfi.org

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

    Mission Statement of Ithink Financial Credit Union

    Ithink Financial Credit Union, with a commitment to service excellence, works tirelessly to meet the needs of its membership and the communities it serves. This financial institution goes beyond offering standard banking services, ensuring the stability and security of its operations. The credit union provides a range of exempt function activities to its members, including draft and share accounts, loans, and share certificates.

    At the core of Ithink Financial Credit Union's mission lies its dedication to serving its community. It strives to deliver top-notch services that cater to the unique financial requirements of its members. By focusing on both the membership and the communities it serves, Ithink Financial Credit Union distinguishes itself as a reliable and caring financial partner. The credit union's unwavering commitment to service excellence is a testament to its values and its mission to make a positive impact in people's lives.

    Moreover, Ithink Financial Credit Union prioritizes the safety and soundness of its operations, ensuring that its members' financial well-being is protected. This commitment to stability is an essential aspect of the credit union's mission, as it builds trust and confidence among its members. In summary, Ithink Financial Credit Union is a forward-thinking financial institution that puts its members first, providing exceptional services while maintaining the highest level of financial security.

    Impact

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




    Thursday, August 15, 2024

    Ithink Financial Credit Union has a significant impact by providing draft and share accounts, loans, share certificates, and other exempt function activities to its members in Delray Beach, FL. Their mission to deliver service excellence to both their membership and the communities they serve while ensuring the safety and soundness of the credit union demonstrates their commitment to making a positive difference. Through their services, Ithink Financial Credit Union contributes to financial stability and growth within their community.





    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: $5,180,046
  • Program Service Revenue: $81,246,392
  • Gross Receipts: $86,426,438

    • Assets and Liabilities:
  • Total Assets: $2,178,700,861
  • Total Liabilities: $2,028,936,151
  • Net Assets: $149,764,710
  • Programs

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

    INCOME ON LOANS

    Revenue

    $65,093,702

    FEES/CHARGES/OTHER

    Revenue

    $6,043,045

    INTERCHANGE INCOME

    Revenue

    $6,251,543

    FNMA SERVICING

    Revenue

    $770,379

    GAP INSURANCE

    Revenue

    $409,090

    Organization Details

    Founding Year

    1969

    Principal Officer

    Michael L Miller

    Main Address

    1000 NW 17 AVE, Delray Beach, FL, 334452555

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Ithink Financial 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.