Fairwinds Credit Union

Organization Overview

Fairwinds Credit Union is located in Orlando, 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, Fairwinds Credit Union employed 660 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Fairwinds Credit Union 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, Fairwinds Credit Union generated $164.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $110.4m during the year ending 12/2021. While expenses have increased by 4.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE OBJECT AND PURPOSE OF FAIRWINDS CREDIT UNION IS TO BE A COOPERATIVE, NONPROFIT, ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AMOUNG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FAIRWINDS CREDIT UNION PROVIDED AN ARRAY OF DEPOSIT AND LOAN SERVICES TO OUR 210,807 MEMBERS DURING 2021.


FAIRWINDS SAVED OUR MEMBERS APPROXIMATELY $4.1 MILLION ON THEIR USED CAR LOANS IN 2021 BY OFFERING USED CAR LOAN RATES THAT WERE AT LEAST 1.51% LOWER THAN THAT WHICH OTHER FLORIDA BANKS OFFERED.


FAIRWINDS SAVED OUR MEMBERS APPROXIMATELY $3.6 MILLION ON NEW CAR LOANS IN 2021 BY OFFERING NEW CAR LOAN RATES AT LEAST 1.79% LOWER THAN THAT WHICH OTHER FLORIDA BANKS OFFERED.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Tobin
Ceo/president
$8,750,494
Phillip Tischer
Sr Evpcoo
$1,526,000
Kathy Chonody
Sr Evp- CFO
$1,500,000
James Adamczyk
Exec VP - Lending
$572,611
Thomas Howell
Vp-Financial Advisor
$553,253
Mathy Hogan
Exec VP - Eservices
$496,822

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pscu Financial Services Inc
Debit & Credit Card Processor
$6,808,539
Visa Usa Inc
Credit Card Settlement
$3,578,929
Evok Advertising & Design Inc
Social And Digital Media Planning
$3,157,710
Ncr Corporation
Consumer Online Banking, Atm Maintenance
$2,783,809
Cdw Direct Llc
Printer Maintenance
$1,464,457
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$144,714,408
Investment income $14,462,611
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $164,616,807

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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