Adventhealth Credit Union

Organization Overview

Adventhealth Credit Union is located in Altamonte Springs, FL. The organization was established in 1970. 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, Adventhealth Credit Union employed 23 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Adventhealth 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, Adventhealth Credit Union generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 6.1% 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

OUR MISSION IS TO EMPOWER MEMBERS TO ACHIEVE THEIR FINANCIAL GOALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHARES - THE CREDIT UNION HAS OVER 17,603 SHARE ACCOUNTS THAT HAVE AN AGGREGATE BALANCE OVER $75 MILLION.


LOANS - THE CREDIT HAS OVER 5,000 LOAN ACCOUNTS THAT HAVE AN AGGREGATE BALANCE OVER $58 MILLION.


FINANCIAL SERVICES - THE CREDIT UNION OFFERS A VARIETY OF FINANCIAL SERVICES FOR ITS MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cu Answers
Core Processing
$235,601
Worldpay
Debit/credit Processing
$226,048
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$3,297,402
Investment income $263,517
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 $3,560,919

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