State Chartered Credit Unions In Florida

Organization Overview

State Chartered Credit Unions In Florida is located in Jacksonville, FL. The organization was established in 1972. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, State Chartered Credit Unions In Florida employed 2,709 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. State Chartered Credit Unions In Florida is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, State Chartered Credit Unions In Florida generated $555.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $447.9m during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, State Chartered Credit Unions In Florida has awarded 83 individual grants totaling $3,485,154. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

VYSTAR CREDIT UNION EXISTS TO SERVE THE FINANCIAL NEEDS OF OUR MEMBERS BY PROVIDING QUALITY PRODUCTS AND SERVICES WHILE MAINTAINING FISCAL SOUNDNESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE CONSUMER AND BUSINESS LOAN PRODUCTS TO MEMBERS AT COMPETITIVE RATES WITH MINIMUAL OR NO FEES.


PROVIDE DEPOSIT PRODUCTS TO INDIVIDUAL MEMBERS AND BUSINESS MEMBERS AT COMPETITIVE RATES WITH MINIMUAL OR NO FEES.


PROVIDE INVESTMENT, INSURANCE, AND TITLE AGENCY SERVICES TO MEMBERS WITH MINIMAL FEES.


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Board, Officers & Key Employees

Name (title)Compensation
Brian E Wolfburg
President/ceo
$1,775,069
Chad Meadows
COO
$831,625
John H Turpish
Evp/cfo
$646,407
Jenny H Vipperman
Chief Lending Officer
$609,314
Joel R Swanson
Chief Mbrshp Experience Ofcr
$593,159
Robert L Davis Term 621
Chief Human Resources Officer
$579,783

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pscu
Card Services
$10,836,507
Fiserv Solutions
Banking And Payment
$9,946,507
Fiserv
Banking And Payment
$10,250,979
Visa Usa Inc
Debit Card Network
$8,521,523
Fidelity National Information Servi
Core Processing
$6,421,221
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$503,866,094
Investment income $25,298,396
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $97,065
Net Gain/Loss on Asset Sales $21,546,570
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $554,973,970

Grants Awarded

Over the last fiscal year, State Chartered Credit Unions In Florida has awarded $1,920,141 in support to 39 organizations.

Grant RecipientAmount

MOSH JACKSONVILLE

Org PageRecipient Profile

Jacksonville, FL

PURPOSE: PROGRAM SUPPORT

$365,000

CECIL FIELD POWMIS MEMORIAL

PURPOSE: PROGRAM SUPPORT

$300,000

GROUNDWORK JACKSONVILLE

Org PageRecipient Profile

Jacksonville, FL

PURPOSE: PROGRAM SUPPORT

$125,000

JASMYN INC

PURPOSE: PROGRAM SUPPORT

$116,343

UNIVERSITY OF FLORIDA FOUNDATION

Org PageRecipient Profile

Gainesville, FL

PURPOSE: PROGRAM SUPPORT

$100,000

UF HEALTH JACKSONVILLE

Org PageRecipient Profile

Jacksonville, FL

PURPOSE: PROGRAM SUPPORT

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that State Chartered Credit Unions In Florida has recieved totaling $17,450.

Awarding OrganizationAmount
Southeastern Credit Union Foundation Inc

Tallahassee, FL

PURPOSE: COMMUNITY SUPPORT

$17,450
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
State Chartered Credit Unions In Florida
Jacksonville, FL
$554,973,970
Suncoast Credit Union
Tampa, FL
$553,636,360
Delta Community Credit Union
Atlanta, GA
$296,340,741
State Chartered Credit Unions In Florida
Melbourne, FL
$248,524,436
Midflorida Credit Union
Lakeland, FL
$278,382,544
Georgia's Own Credit Union
Atlanta, GA
$147,500,350
Fairwinds Credit Union
Orlando, FL
$164,616,807
Robins Financial Credit Union
Warner Robins, GA
$147,788,018
State Chartered Credit Unions In Florida
Jonesville, FL
$122,435,815
Florida Credit Union
Gainesville, FL
$94,300,981
Atlanta Postal Credit Union
Atlanta, GA
$86,141,254
Georgia United Credit Union
Duluth, GA
$80,835,681

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