Addition Financial Credit Union

Organization Overview

Addition Financial Credit Union, operating under the name Qing Lu Cfo, is located in Lake Mary, FL. 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 12/2022, Qing Lu Cfo employed 803 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Qing Lu Cfo 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, Qing Lu Cfo generated $126.5m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $103.6m during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 2 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

ADDITION FINANCIAL CREDIT UNION IS COMMITTED TO HELPING MEMBERS ACHIEVE THEIR MONEY MANAGEMENT GOALS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES INCURRED FOR CREDT UNION OPERATIONS AND 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
Kevin Miller
President & CEO
$827,367
Kevin J Dougherty
COO
$365,947
Jim Rychlicki
CFO
$366,627
Samuel M Nelson
Caogeneral Counsel
$327,512
Kevin S Wright
Cio
$331,154
Linh Dang
Chief Dev Officer
$299,344

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jack Henry Associates Inc
Data Processing
$1,999,796
Chlic-chattanooga Easc-cigna
Medical Insurance
$6,466,987
Backbase Use Inc
Online Banking
$1,774,537
Ncua
Regulatory
$1,316,404
Greenhouse Inc
Maeketing
$896,113
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$82,655,221
Investment income $10,668,145
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$309,122
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $126,516,804

Peer Organizations

Organization NameAssets
State Chartered Credit Unions In Florida
Jacksonville, FL
$645,478,610
Suncoast Credit Union
Tampa, FL
$624,897,611
Midflorida Credit Union
Lakeland, FL
$407,757,981
Delta Community Credit Union
Atlanta, GA
$346,692,479
Georgia's Own Credit Union
Atlanta, GA
$290,906,366
State Chartered Credit Unions In Florida
Melbourne, FL
$310,171,993
Robins Financial Credit Union
Warner Robins, GA
$215,983,906
Fairwinds Credit Union
Orlando, FL
$172,388,805
State Chartered Credit Unions In Florida
Jonesville, FL
$167,249,104
Corporate America Credit Union
Irondale, AL
$143,115,069
State Chartered Credit Unions In Florida
Jacksonville, FL
$148,456,017
State Chartered Credit Unions In Florida
Dunedin, FL
$138,658,628
Florida Credit Union
Gainesville, FL
$143,282,205
Atlanta Postal Credit Union
Atlanta, GA
$108,243,439
Addition Financial Credit Union
Lake Mary, FL
$126,516,804
Georgia United Credit Union
Duluth, GA
$125,102,229
Avadian Credit Union
Birmingham, AL
$76,914,615
Associated Credit Union
Norcross, GA
$88,179,919
Lge Community Credit Union
Atlanta, GA
$89,576,565
Ithink Financial Credit Union
Delray Beach, FL
$86,426,438
Alabama Credit Union
Tuscaloosa, AL
$76,294,666
Max Credit Union
Montgomery, AL
$81,267,225
Apco Credit Union
Birmingham, AL
$88,615,377
State Chartered Credit Unions In Florida
Jacksonville, FL
$64,961,360
Listerhill Credit Union
Sheffield, AL
$65,807,803

Create an account to unlock the data you need.

or