NonprofitsState Chartered Credit Unions In Florida

State Chartered Credit Unions In Florida

MARGATE, FL

Total revenue

$49.8M

Total expenses

$52.7M

Net assets

$45.4M

Grants received

EIN

590709646

Tax year

2024

Mission

The credit union is a cooperative, non-profit association, organized under the laws of the state of florida, for the purpose of encouraging thrift among its members, creating sources of credit and credit related products at fair and reasonable rates and providing other opportunities for members to use and control their resources on a democratic basis.

Programs

2 programs

The credit union provides low cost loans that help members improve their lives. The products include small unsecured loans up to mortgage loans.

The credit union provides members access to both manual check and cash transaction services along with electronic type services, such as funds transfers, ach, debit, atm, etc.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$33.1M
Investment income$7.7M
Other revenue$9.0M
Total revenue$49.8M

Expenses

Grants paid$11K
Salaries & benefits$13.1M
Fundraising
Other expenses$39.7M
Total expenses$52.7M
Total assets$744.2M
Net assets$45.4M

People

17 listed

NameRoleCompensation

WILLIAM SPEARMAN

PRESIDENT & CEO

Board

$339K

40 hrs/wk

DAN CLEMENS

CHIEF OPERATIONS OFFICER

Board

$275K

40 hrs/wk

JACK KENNEY

CHIEF FINANCIAL OFFICER

Board

$238K

40 hrs/wk

RACHEL SCHAMING

CHIEF OF HUMAN RESOURCES

Board

$237K

40 hrs/wk

INGRID FILS

VICE-CHAIRPERSON

Board

1 hrs/wk

MACK MACVICAR

DIRECTOR

Board

1 hrs/wk

JUDY JAMES

DIRECTOR

Board

1 hrs/wk

BEATRIZ DALE

DIRECTOR

Board

1 hrs/wk

ED VERRET

DIRECTOR

Board

1 hrs/wk

MARY ANN LAROCK

CHAIRPERSON

Board

1 hrs/wk

HENRY PRIOR

TREASURER/SECRETARY

Board

1 hrs/wk

ROBERT RAMIREZ

FORMER CEO & PRESIDENT

Staff

$786K

40 hrs/wk

AARON GUTFREUND

VP MARKETING

Staff

$224K

40 hrs/wk

JEROME RYAN

VP OF IT & SECURITY

Staff

$215K

40 hrs/wk

DANIEL BASS

VP LENDING

Staff

$193K

40 hrs/wk

JARED WRIGHT

AVP MEMBER SOLUTIONS

Staff

$184K

40 hrs/wk

THOMAS SMITH

VP ACCOUNTING & CONTROLLER

Staff

$184K

40 hrs/wk

Independent contractors

SHUTTS & BOWEN LLP

LEGAL SERVICES

$172K

Details

EIN590709646
Subsection14
Ruling date1970-10
Formed1952
Employees149
Volunteers7
STATE CHARTERED CREDIT UNIONS IN FLORIDA — Mission, Financials & Grants Received | Grantivo