F R S A Credit Union
- Assets
- $6.0m
- Revenue
- $317.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Winter Park, FL
- Founding
- 02/1972
- Data as of
- 12/2023
- EIN
- 59-1612921
Organization Overview
F R S A Credit Union is located in Winter Park, FL. The organization was established in 1972. 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, F R S A Credit Union employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. F R S A 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, F R S A Credit Union generated $317.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $287.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. 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
PROGRAMS OF CREDIT UNIONS OFFERING PERSONAL FINANCIAL SERVICES EXCLUSIVELY TO THE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS OF CREDIT UNIONS OFFERING PERSONAL FINANCIAL SERVICES.
PROGRAMS OF CREDIT UNIONS OFFERING PERSONAL FINANCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Klomp Supervisory Committee Chairperson | Trustee | 2 | $0 |
George Ebersold Board Member | Trustee | 2 | $0 |
Adel Tennyson Board Vice Chairperson Board Member | Trustee | 2 | $0 |
Debra Guidry Supervisory Committee Member | Trustee | 2 | $0 |
Phillip Lane Board Chairperson Board Member | Trustee | 2 | $0 |
Carl Engelmeier Supervisory Committee Member | Trustee | 2 | $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 | $270,613 |
| Investment income | $46,764 |
| 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 | $317,671 |
| 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. | $52,214 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $156 |
| Payroll taxes | $5,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $728 |
| Fees for services: Accounting | $31,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,723 |
| Advertising and promotion | $1,215 |
| Office expenses | $77,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,666 |
| Insurance | $4,374 |
| All other expenses | $0 |
| Total functional expenses | $287,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,108 |
| Savings and temporary cash investments | $1,633,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,245,971 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,870 |
| Net Land, buildings, and equipment | $7,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $78,948 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,009,462 |
| Accounts payable and accrued expenses | $8,073 |
| 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 | $0 |
| Other liabilities | $5,449,427 |
| Total liabilities | $5,457,500 |
| Net assets without donor restrictions | $0 |
| 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 | $551,962 |
| Total liabilities and net assets/fund balances | $6,009,462 |