Tru Fi Credit Union
- Assets
- $122.6m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 36
- Location
- Macclenny, FL
- Founding
- Data as of
- 12/2023
- EIN
- 59-1283488
Organization Overview
Tru Fi Credit Union is located in Macclenny, 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 12/2023, Tru Fi Credit Union employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tru Fi 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 12/2023, Tru Fi Credit Union generated $7.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $5.9m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE 0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita W Crews President CEO | Officer | 50 | $155,555 |
Angie Drury CFO | OfficerTrustee | 40 | $93,240 |
Wade Johnson VP Lending | 40 | $87,129 | |
Rachel Self VP Operations | 40 | $80,296 | |
George Knabb Board Member | Trustee | 2.5 | $0 |
Deanna Dinkins Supervisory Comm Member | Trustee | 2.5 | $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 | $4,872,752 |
| Investment income | $897,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,557 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,665,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,795 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,316,130 |
| Pension plan accruals and contributions | $46,505 |
| Other employee benefits | $261,586 |
| Payroll taxes | $118,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,269 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,829 |
| Insurance | $0 |
| All other expenses | $3,544,955 |
| Total functional expenses | $5,895,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,192,350 |
| Savings and temporary cash investments | $6,660,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $516,298 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $74,980,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $228,400 |
| Net Land, buildings, and equipment | $1,102,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $36,734,366 |
| Intangible assets | $0 |
| Other assets | $1,152,865 |
| Total assets | $122,567,643 |
| Accounts payable and accrued expenses | $980,398 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $55,625 |
| Other liabilities | $110,656,101 |
| Total liabilities | $111,692,124 |
| Net assets without donor restrictions | $10,875,519 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $122,567,643 |