NonprofitsState Chartered Credit Unions In Florida

State Chartered Credit Unions In Florida

POMPANO BEACH, FL

Total revenue

$2.3M

Total expenses

$2.1M

Net assets

$5.8M

Grants received

EIN

591026659

Tax year

2024

Mission

Pompano Beach Employees Credit Union is a nonprofit cooperative, financial institution organized to promote thrift and provide credit to members at better rates than those available from other sources.

Programs

2 programs

Fees and charges are assessed to members for financial servicees. These feesgenerate the revenue neccessary to pay the costs to pay for these services.

Earnings from the investments. The excess of funds received from members over the amount loaned to members, as well as accumulated surplus , is invested insecurities allowed by NCUA, and the credit union's governing documents.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.9M
Investment income$247K
Other revenue$114K
Total revenue$2.3M

Expenses

Grants paid
Salaries & benefits$757K
Fundraising
Other expenses$1.4M
Total expenses$2.1M
Total assets$29.8M
Net assets$5.8M

People

8 listed

NameRoleCompensation

Nanette Collette

CEO

Board

$161K

40 hrs/wk

Michael Deberry

President

Board

5 hrs/wk

Frankie Chevere

Vice President

Board

5 hrs/wk

Kerry Justice

Treasurer

Board

5 hrs/wk

Mary Pritchard

Secretary

Board

5 hrs/wk

Robert Brantley

Board Member

Board

5 hrs/wk

Catherine Hollingsworth

Branch Manager

Staff

$116K

40 hrs/wk

Linda Smith

Loan Officer

Staff

$112K

40 hrs/wk

Details

EIN591026659
Subsection14
Ruling date1970-10
Formed1956
Employees8
Volunteers4
STATE CHARTERED CREDIT UNIONS IN FLORIDA — Mission, Financials & Grants Received | Grantivo