iThink Financial Credit Union

Organization Overview

iThink Financial Credit Union, operating under the name Ithink Financial, is located in Delray Beach, FL. As of 12/2021, Ithink Financial employed 450 individuals. Ithink Financial 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, Ithink Financial generated $78.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $61.2m during the year ending 12/2021. While expenses have increased by 24.4% per year over the past 6 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

TO DELIVER SERVICE EXCELLENCE TO THE MEMBERSHIP AND THE COMMUNITIES WE SERVE WHILE ENSURING THE SAFETY AND SOUNDNESS OF THE CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Miller
President/ceo
$836,425
Benjamin Maffett
Sba & Commercial Sales Mgr
$525,023
Jeffrey Kolhagen
CFO
$257,596
Mark Skinner
Clo
$242,533
Christopher Russell Thru 123121
VP Business Lending
$241,858
Nicole Heffelfinger
Cro
$226,380

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Att
Communications
$728,923
Live Nation Marketing Inc
Marketing
$469,702
Finastra
Core Processor
$481,454
Dell Usa Lp
Computer Hardware
$645,048
Visa
Credit Card Processo
$703,278
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$73,395,185
Investment income $1,619,771
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,720,491
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,735,447

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