State Chartered Credit Unions In Florida

Organization Overview

State Chartered Credit Unions In Florida, operating under the name First Choice Credit Union, is located in West Palm Beach, FL. The organization was established in 1970. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, First Choice Credit Union employed 30 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. First Choice 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 12/2022, First Choice Credit Union generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROGRAMS OF CREDIT UNIONS OFFERING PERSONAL FINANCIAL SERVICES TO MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREDIT UNION OFFERING PERSONAL FINANCIAL SERVICES TO MEMBERS


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Michael J Welte
CEO
$254,497
Anthony Marasciullo
Director
$0
Robert Delancy
Director
$0
Taryn Guariglia
Director
$0
Rhonda Diffenbach
Director
$0
Thomas Mcgovern
Director
$0

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$3,220,772
Investment income $1,204,652
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,873
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,442,723

Create an account to unlock the data you need.

or